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the retrace stopped short of the 1808 fib , the rally has stopped short of the 1826/7 fib. indecision wins the day. nice traders day , but tomorrow should hopefully set up one or the other – with all eyes above at 1836-8 and all eyes below at 1800/02. still ss , having cut some and added some back several times .
1836-38 cash should be a decent entry, waiting to see if it comes before eod
joined u on your cable short Cimac!
I think we will be ok for a profit because even if there
are higher prices to come, there will also be atleast
one good down move, from these over bought levels.Never give up, never surrender.
silver up 4.4%… pretty decent move. The highest it has been for a while.
Perhaps they are buying insurance for the bad news event of the weekend….lol
More likely Yellen will double QE for a laugh…
Small short NAS 3663 and again not calling a top but
thinking atleast one good move down in the not too.Never give up, never surrender.
If it stays up today the S&P has closed up 9 trading days in a row. Not sustainable, should get a decent down day Monday/Tuesday
Yeh I was thinking how nice it would be to engulf this 100pts move up in one or two day candles ….
There again Yellen mustard may want to break some rallying records!
I think we have done enough re US rally into the close for
the ‘h’ today to have a chance.So let’s see what monday 17th +/- etc brings and I have just
been passed a piece of paper which says if this fails then
we will only have to wait until monday 1st March.Storms and mondays do ring a bell 🙂
Never give up, never surrender.
Correction …. monday 3rd March and again there seems
to be a connection to the previous friday evening.Never give up, never surrender.
Cheers Paps … Washington’s birthday … many happy returns etc
I still think it’s odd that gold rises with US stocks and it
could well add weight to the idea of an ‘h’ in stocks, imho.Never give up, never surrender.
cimac,
the nature of gold and silver today had me thinking too. Perhaps they can’t afford to suppress gold and buy spoos 🙂 lol lol
I was looking at daily chart and weekly chart for spoos. It’s a crazy lengthy grind up. Dying for a chunky drop, but will it grind another leg more yet?
Chinese banks bad loans reach highest level since 2008 crisis…
I suppose thats what caused the trip to 1815 overnight last night…? Still, there is an increasing amount of hazards in the market. I do think the next crisis will be linked to China. Even if its not their fault the yanks will blame them.
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