Process Of Elimination
Process Of Elimination
10:17am EDT: LOL – that was one rough candle right at the open. Probably swept a huge amount of stops by merely one tick or so:
Some bears are having a Turrets attack just about now – I’m sure. Boy, I can’t help but adore the nefarious nature of this market – very entertaining – LOL 🙂
Alright, ladies and leeches – Soylent Blue just bit the dust – it suffered from sudden cardiac arrest when we breached the June 11 high of 956.23. Simple process of elimination bestowed us with one last scenario standing – which is Soylent Green. We might make another run for the top but after the obligatory VWAP reversion games I do see a bit of downside ahead. There will be the expected flailing around and head fakes but down we go – if not today then tomorrow.
The open looked like a good ole’ blow off top to me. Let’s just see what happens – I for one would enjoy some red candles for a change – remember how those look like?
