Booyaka!
Booyaka!
3:26pm EDT: Whatever this was just now – it cost the bears a pretty penny – again…
We could painting another triangle (not again!!!) but quite frankly – at this point the wave count is getting a bit messy. Need to see where this thing closes at the EOD.
This far I’m seeing a lot of green – and more importantly – we didn’t breach or even threaten the 922 confirmation zone. This is one huge green boner folks – the bulls are in full control. This is why I didn’t go short Friday or today – you can not load up on puts anywhere but the top.
3:53pm EDT: No wrap up post today – I’m burned out – sorry. Chat among yourselves.
3:56pm EDT: BTW, here’s a little tidbit – despite those monster candles breadth on the SPX is slightly negative: 1.26:1 declining – on the NDX (the index of choice for market raids) it’s 1.15:1 declining. I’m not impressed – this is just a stop sweep to shake out weak hands.
9:44pm EDT: Some late night reading for you rats. If you don’t have a password go here to get one.