Roubini Predicts Much Lower Stock Prices
Here is a Bloomberg interview from yesterday
SPY Hanging Man
SPY has a bearish hanging man candlestick pattern on its daily chart, and the McClellan Oscillator is overbought.
Watch the comments for updates throughout the day.
The market finished up, but the Q’s are in the red – a bad omen for the bulls.
Wild ride after a sleepy beginning.
I’ll be out on a fishing trip all next week. I probably won’t be able to trade although I’m carrying my laptop. In fact, there’s no Internet hookup in the cabin. Bummer.
It was Matt Nesto on CNBC who declared the bear market to be over earlier.
Have a good trip George.
Charlie;
I gave you the wrong times on that 1 minute. It was shortly after 3PM then another right before 3:45 both confirmed by the 45 minute. There was one at 1:30, but I can’t go back far enough on the 1 minute to see it but it is there on the 5 minute.
Now, that MACD tic technique works all of the time but if a stock is in a downfall and it is being used for counter moves, the moves won’t amount to much. I always check the 15 minute to see where it’s at in its stochastic cycle. Or, check the 5 minute. But, it is the 1 minute that drives those higher time frames.
This differs from the other method where the 5 minute needs to confirm the 1 minute. Always good to use a higher time frame for confirmation anyway.
“confirmed by the 5 minute”.
Thanks George!!
I’m going to take a look at my charts to take a look. In the end of the day.. I played my EOD short too closely and didn’t get a fill. Oh well.. At least I’ll sleep well over the weekend vs. worrying about what might happen on Monday.
Probably was for the best anyways.
BTW.. hope you have a good trip George. Hope you catch a few big ones
Matt, thanks for the end-of-month reminder. Got some (of course not enough) futures now some 300% up
Downside is I couldn’t sell them due to a processing glitch aargh – even the call center suggests a letter to the CEO might be appropriate. If we go up further on Monday I’ll reconsider my complaint 
Nice trading Yerk!
Matt
hey george am sure we’ll take good care of your ICE BBT and others
K;
Shave some ICE while I’m gone. Have a cold drink.
will try my best george
so I take it you’re not gonna vote? lol
I just got the book Black Swan. I don;t want to go to Halloween anymore but just read that instead