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Goo evening all,
As you all know my recent views have been bearish and I posted this before the markets opened.
Well as far as I am concerned it needs to still prove it is not in TREND DOWN and for me we are on track to start another leg down anytime and print that 167x.x SPX print very soon. We shall see what WNER brings but again no crooksday rally so maybe no WNER rally to confirm a CIT
and this just after open
Well I guess that answers that. -13 already. The second KTS has indeed been stellar and today was DAY7. No idea if there is any news for this but here is the SPX 167x.x. 1669 is the next gap open on ES which is 1671.71 on SPX. Lets see where we are in the morning as I have no intention of buying a DOWNTREND here
Good luck all for this week.
All the best.
Plan your trade, trade your plan!
No idea Paps, maybe stunned by the move today and left speechless?
Trust you are well?
Plan your trade, trade your plan!
All is great Maurice. Trying not to get caught in this fiscal cliff pollux.
1680 is resistance here.
Plan your trade, trade your plan!
No Paps, I did not.
Nor did I long it as it looked very bad and really started a new leg down that should lead to a low 166x print on SPX next.
This QE skewed market remains completely mad. No reason to go up today intraday chart wise other than QE pump.
1680 ES is a MUST HOLD intraday here.
Plan your trade, trade your plan!
Oscar thinks the upside continues.. called it really well for non tapering, and fiscall cliff drop.
http://www.youtube.com/watch?list=UUez8uA1o_fDYsrSf4auWSjg&v=tujqvxX_HB4
anyone having trouble getting in? i think it might be my PC
The website encountered an error while retrievinghttp://khalsaspad.com/forums/topic/monday-30th-september-to-friday-4th-october-2013/. It may be down for maintenance or configured incorrectly.
Hey paps good thanks. U still semi retired or the markets drawn u back in.
do u have a view on gold/silver btw some people think its a massive buying opp others like Oscar think its in a bear market..
ah, so a new website, thought id come and see what you all make of the markets being Ah okay and everything is fine nothing to see here move along !! lol
Lol Ark. Welcome to the new pad. Indeed all is well just a US government shutdown that is all.
Oct 16th is next when US debt ceiling needs raising or US DEFAULTS
total joke
Plan your trade, trade your plan!
ha ha, no problem write another cheque print a bit more cash ! I was expecting to see the ES down at 1650 levels having a flirt with the rising trend from June & Aug lows in the dialy, but perhaps that would be a bit too much too soon. possible last 2 days is some form of bear flag, though yesterdays hammer action completely threw me and I didnt expect that. The TRAN very neatly bust out of its down trend and now looks to be flaging to the upside. I guess I’ll just flip a coin or better still…do nothing 🙂
The hammer action of yesterday is not accompoanied with massive volume (on my charts) which makes me question it’s authenticity….but since when have the markets been authentic of late, lol
Sure Ark, it has been a mad rally on a US Govt shutdown but they are warped to hell now with all this QE pollux.
One day it has to taper and when it does, this unwinds.
Until then we get these mad nonsensical movements.
For me its all about holding 1702/3 SPX CASH. If it can do that, we should continue down.
However I must say charts wise it does look like its back in an “onwards and upwards” march up market.
Plan your trade, trade your plan!
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