There is a little downside action in the Euro that may be contributing to the late afternoon slide.
Wednesday, November 17, 2010
Update
It looks like the market is following the 1 min divergences. One interesting thing is support on the SPY has cropped up at the daily VWAP. Once under this level, it would be likely to fall a bit and then rally back up to the VWAP before falling to a lower leg.
There is a little downside action in the Euro that may be contributing to the late afternoon slide.
There is a little downside action in the Euro that may be contributing to the late afternoon slide.
7 comments:
With 15 min left are we starting to see some accumulation going into tomorrow. What do you expect?
I would've really appreciated a comment before the close.
Brandt any indication on tomorrow's action based on 3c?
Jack,
Well Brandt has said that the 3C SPY has now gone positive all the way to the 10minute, plus the VWAP support theory of the above, you'd think that'd mean the SPY is going up tomorrow...
... but then again, looks like 3C is getting trodden over left, right and center with it's 1minute and 5minute calls.
Still buying your silver? I am assuming that SLV is consolidating in it's current range from the gap on the 3rd. Seems like it might be ready to bounce. As far as the market, I need to do more swing trading to "earn" back my losses and looking for a little direction daily going into the close inorder to position the next day. Maybe the Brian Sach's have already got their suckers on the intial IPO price and don't need to bounce the market.
Mr. Pink,
I didn't know if you were still around. Send me a quick e-mail to nealinnagoya@hotmail.com . I would just like to ask you something privately. You can create a fake hotmail account if you are not comfortable using your real one.
Thank you...A
Alesund,
i've sent you an email as requested.
Post a Comment