A very large gap down tomorrow would not be surprising for many
reasons. Mainly, it would clear the 1363 pivot and really get
selling to accelerate in a gap of recognition "holy shit" type of
Down move. That type of gap would only be the 1/2 way point of the
move. Might be the 1293 pivot that causes a reaction. Again not a
guaranteed move, but thinking two steps ahead if the futures have a
big euro induced move down.
Traps have been set
SPX daily
Posted by kalinm on 8th of Nov 2012 at 04:21 pm
A very large gap down tomorrow would not be surprising for many reasons. Mainly, it would clear the 1363 pivot and really get selling to accelerate in a gap of recognition "holy shit" type of Down move. That type of gap would only be the 1/2 way point of the move. Might be the 1293 pivot that causes a reaction. Again not a guaranteed move, but thinking two steps ahead if the futures have a big euro induced move down.
Shaved bottom daily candle on
Posted by frtaylor on 8th of Nov 2012 at 04:42 pm
Shaved bottom daily candle on SPX - not good.
Looks like aapl is entering
Posted by kalinm on 8th of Nov 2012 at 04:26 pm
Looks like aapl is entering margin call "waterfall" type selling... But it is so cheap based on P/E!