It's not necessarily the technicals that drive the market, it's supposed to be the other way around. If the market is indeed set to open higher tomorrow, it will push the technicals to give you the right signal, if they are good indicators.
When the stock has moved one way this long, the reversal signal is pretty accurate I think. Basically there is a whole lot saying the market will open up tomorrow.
20 till, the bull line is 8 cents up.
I agree. I will make a bullish bet for tomorrow.
ReplyDeleteSince I posted this, I got an email saying there will be a black wednesday! But I've got like 15 of those. Also everybody is bearish on zero hedge. I think it's all irrelevant though.
DeleteThere have been quite a few days lately that you could have purchased both puts and calls at the close and made money on both the next day.
Deleteeven though it might sounds weird I think the s&p will be significantly lower on election day from what it is now.
Deletenot weird. I have very little information for then.
Deleteidk where it's going to go now, but the signal is for the open only, and it's now gone.
DeleteOh well, missed this one. Could have gotten out even, but held on...Got out with a small loss. I think it is probably best not to bet against the trend.
ReplyDelete