Billy
11-08-2011, 06:10 AM
11343
The title says it all. I am frankly short of new comments and ideas. I just don’t “feel” this kind of market activity. It is certainly not behaving normally. There was no rush to buy at logical support on the lowest volume day since July. Kind of like an exhausted army ready to retreat on the first alert, but pushed in the back and forced to advance by the QE liquidity incentives.
The robots are still neutral, while the multi-pivot buying and selling pressures are slightly net bullish for IWM and very bullish fo GDX. Now that WPP (73.67) has been successfully tested but without much enthusiasm, let’s watch if the intra-week scenario presented yesterday pans out into profit–taking at WR1 (76.37).
It will be so predictable and boring that I don’t even think I’ll be watching and will probably take the day off.
At this stage, the only clever thing to do is to wait for strong edges.
Billy
11342
11341
The title says it all. I am frankly short of new comments and ideas. I just don’t “feel” this kind of market activity. It is certainly not behaving normally. There was no rush to buy at logical support on the lowest volume day since July. Kind of like an exhausted army ready to retreat on the first alert, but pushed in the back and forced to advance by the QE liquidity incentives.
The robots are still neutral, while the multi-pivot buying and selling pressures are slightly net bullish for IWM and very bullish fo GDX. Now that WPP (73.67) has been successfully tested but without much enthusiasm, let’s watch if the intra-week scenario presented yesterday pans out into profit–taking at WR1 (76.37).
It will be so predictable and boring that I don’t even think I’ll be watching and will probably take the day off.
At this stage, the only clever thing to do is to wait for strong edges.
Billy
11342
11341