problem is, it's too late in the day for a good bounce to hold,
I would rather have the market drift lower into the close and
bounce tomorrow, we'll see
Posted by philosoraptor on 22nd of Sep 2011 at 03:03 pm
Matt, your comment is supported by weak internals - $TRIN that
reaches 4.0 level intraday normally associated with a weak close
(according to my own observations). $VOLSPDC ever decreasing.
At least that's how it worked in the old days. Right now,
the goons are in the break room sipping back their last cup of
coffee before "going to work". Holding IWM./
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think this sucker punch see ya at 1040 haha!
Posted by desertrat on 22nd of Sep 2011 at 02:27 pm
yep....Europe news matters not...in fact
Posted by marketguy on 22nd of Sep 2011 at 02:39 pm
yep....Europe news matters not...in fact they just confessed the obvious after "denying, denying, denying" for weeks.....back down we go.....
for now ATR is cradling
Posted by matt on 22nd of Sep 2011 at 02:44 pm
for now ATR is cradling the SPY as a stop (in light blue) will it hold?
60 length stochastics crossed up over 20% after being below all day, I hold some SPY
problem is, it's too late
Posted by matt on 22nd of Sep 2011 at 02:47 pm
problem is, it's too late in the day for a good bounce to hold, I would rather have the market drift lower into the close and bounce tomorrow, we'll see
Matt, your comment is supported
Posted by philosoraptor on 22nd of Sep 2011 at 03:03 pm
Matt, your comment is supported by weak internals - $TRIN that reaches 4.0 level intraday normally associated with a weak close (according to my own observations). $VOLSPDC ever decreasing.
15 minutes until PPT.....
Posted by kalinm on 22nd of Sep 2011 at 02:46 pm
At least that's how it worked in the old days. Right now, the goons are in the break room sipping back their last cup of coffee before "going to work". Holding IWM./