Bulls Better Hurry
UPDATE 3:36pm EST: Hey, where is my scheduled 3:30pm PPT rally? I feel cheated!
Seriously now, the bulls better get a move on because once this thing snaps back – and it will snap back – it won’t be a pretty sight. So – calling all mouth breathers!! Drive the tape up while you can!
I’m split right now – we have dug in but have not been able to make any upward progress. It’s opex week and two more days to go. Wednesday is usually the big day – and traditionally Thur/Fri are thin. Maybe I should just stay in bed tomorrow because I was bored out of my mind today with this chop. Sitting on a pile of cash right now and liking it – this is not definitely not where you sell and maybe where you buy. Emphasis on maybe as I have to see some buyers step in and push this party across VWAP and keep it there.
The trend however remains to the downside – no doubt about it. Both scenarios are still in play – which one – well we shall see. I really cannot make an educated guess right now – especially not during nasty opex week. On final thought – we’ve got 12 minutes to go – watch for a repeat of a last minute sell off in the futures. Could be a repeat of Friday 3:58pm again.
UPDATE Closing Bell: Here’s the sell off I was waiting for – LOL – so predictable. Not as bad as last Friday though… yet. Anyway, I’ll be in touch later with an update – good show today.
Before you guys run off: Does any of you have experience with AdSense? The first two days were amazing and suddenly the conversion rate has trickled to a crawl. The ads are mostly shit too – I even hooked in Google Analytics to get better targeting but I keep seeing those damn Spanish ads – what’s up with that? Might just pull those banners if this doesn’t improve. If anyone has pertinent experience please post some tips – I would appreciate it.
UPDATE 4:11pm EST: DAMN – did you guy SEE that?? ES just touched 776.50 there for a second. The games continue… if anyone wants still in – 3 more min to go.