psyche doctor Posted March 3, 2009 Report Share Posted March 3, 2009 This is starting to look suspiciously like the c wave of the little 4. Might top around 713, where the smaller 4th topped. If my count's right, it shouldn't get much above 720 or so (735 would be about the max) -- then we'll see some new lows around 670-680 before we finally get a rally that lasts more than a day and a half. All contingent on my count being correct at this point. The waves have been wandering a bit lately -- I've lost faith in the minuette stuff for the moment, and am waiting for a larger move to clarify things. I stopped and reversed out of my shorts at 700, then chickened on the longs at 704.5, which put me about even on that whole trade. NOW I'M GOING TO TAKE A NAP. The SPX is now free to have a lock-limit down day -- although as I type it's actually looking more likely that I closed the longs too early. Yeah, I should kept my original outlook on the day. That lower low was a bear trap Link to comment Share on other sites More sharing options...
DrStool Posted March 3, 2009 Report Share Posted March 3, 2009 http://wallstreetexaminer.com/2009/03/03/q...sional-edition/ Link to comment Share on other sites More sharing options...
MrHanky Posted March 3, 2009 Report Share Posted March 3, 2009 Sellers waking up on the quads.....With some volume Link to comment Share on other sites More sharing options...
swordfish Posted March 3, 2009 Report Share Posted March 3, 2009 vix awfully falling Link to comment Share on other sites More sharing options...
Trader Joe Posted March 3, 2009 Report Share Posted March 3, 2009 Let'z cloze 'em GREEN boyz !!!! Link to comment Share on other sites More sharing options...
Rounder Posted March 3, 2009 Report Share Posted March 3, 2009 BAC ratings cut at S&P, once again timely Link to comment Share on other sites More sharing options...
psyche doctor Posted March 3, 2009 Report Share Posted March 3, 2009 This could have another wave up. I count 4 waves including this pullback, unless its a zig zag and the move is already over. Link to comment Share on other sites More sharing options...
DrStool Posted March 3, 2009 Report Share Posted March 3, 2009 Here 'tis. Link to comment Share on other sites More sharing options...
psyche doctor Posted March 3, 2009 Report Share Posted March 3, 2009 Bully getting brave.... No matter how low we go,No fear whatsoever...Just amazing. Might be that everyone is getting used to this environment and it doesn't register fear anymore! Link to comment Share on other sites More sharing options...
Bungster Posted March 3, 2009 Report Share Posted March 3, 2009 When the VIX closes the morning gap from March 2nd....LOB Link to comment Share on other sites More sharing options...
Trader Joe Posted March 3, 2009 Report Share Posted March 3, 2009 Seems like Bernake, Timmy G. and the press secretary have all "grown a pair" Quite refreshing.... Apparently, Yomama laid the smack down and told these guys to shape up and fight back.... OK by this observer.... Link to comment Share on other sites More sharing options...
Rounder Posted March 3, 2009 Report Share Posted March 3, 2009 US TREASURY, FED MULLING SPECIAL TREASURY FINANCING TO HELP FED MANAGE BALANCE SHEET-SOURCE - Reuters TREASURY, FED ALSO MULLING ALTERNATIVE OF FED ISSUING ITS OWN DEBT - SOURCE Hmmmmm... Link to comment Share on other sites More sharing options...
BusKow Posted March 3, 2009 Report Share Posted March 3, 2009 lloking for a VST top ~15:15...we'll see Link to comment Share on other sites More sharing options...
MrHanky Posted March 3, 2009 Report Share Posted March 3, 2009 Alot of cash being spent trying to keep the quads above 27.I have no idea where we close,but i will take a guess bully will have second thoughs as we approach the end of the day. Link to comment Share on other sites More sharing options...
Lemur Posted March 3, 2009 Report Share Posted March 3, 2009 US TREASURY, FED MULLING SPECIAL TREASURY FINANCING TO HELP FED MANAGE BALANCE SHEET-SOURCE - Reuters TREASURY, FED ALSO MULLING ALTERNATIVE OF FED ISSUING ITS OWN DEBT - SOURCE Hmmmmm... But no gold or Forex reaction. Link to comment Share on other sites More sharing options...
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