Never ever seen anything like this. NEVER !!!! 4 spinning tops after a month of consolidation. Do not know what to make of something like this here. Whatever the next move is - it will be strong. And at this point we cannot say what direction. Using the wildly popular WAG indicator I would have to say the next 4 days should bring around 40-50 points worth of range.
Up 22% on KV/A. Still has room to run.
ReplyDeletechaugs i'm gonna buy you a nice little skirt to wear. : )
ReplyDeletehah ... what was that range again? I said if it breaks 970 right? I am still hopeful for my 964 range being the top as a nice blow off top with a strong fast reversal.
ReplyDeleteAgain this is hope and denial talking so take it for what its worth. Also according to the noob index (apple) we will make another high on S&P 4 days after the high in apple. So it should be tomorrow. With our 940 close today, 25 points seem doable if we get some more GS push overnight to open at the 950 range again.
Chaugner, for what it's worth, I'm with you on the short side...maybe we can get baba to buy us matching skirts.
ReplyDeleteSteve
=) yeah.
ReplyDeleteStill 100% cash at the moment, to be honest, not really sure what to look for at the moment. 956-964 of course to enter shorts. However anything in between 947 and 880. Its quite difficult.
I am with you Chris. Next week we should see 880-920 range. that will be healthy pullback of 80 points without any intruption of retracement. After that who knows, it can go to 1020-1200?
ReplyDelete