Thursday, June 16, 2011
Gap Up Signal
Triple witching opex forces and the intraday action point towards a gap up tomorrow. We've basically gone nowhere for the past 5 days of trading but have built up a base of bears during this churning period. You gotta buy at 1255-1260 and sell at 1285. That is the new range for this fear based market. Greece can will be kicked down the road, I expect nothing less from the ECB and the IMF. The bankers will win again, holding the systemic risk card as a threat for receiving bailouts on their PIIGS bonds. The losers will be the peons who hold no stock, no wealth, and have no skin in the rigged game.
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3 comments:
Ha! Give them peons a damn good thrashing!
You mind sharing anything about your signal? Thanks
It is based off the intraday trading over the past 5 days. More likely to get a gap down signal when overbought, more likely to get a gap up signal when oversold.
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