DislikedBringing to your attention: the possibility of a severe Dow crash sometimes today or next week perhaps. There is high energy on the market and it can lead to a great increase in volatility. Also it has a "crossing of death" MA pattern signaling the beginning of a possible multi week downtrend. Both increased volatility and MA crossing are considered bearish signs. Still a clear rally above
10400-10550 area would reject these signals. So be cautious, the Dow is walking on thin ice.Ignored
its friday. in normal pa eu would retrace now after 900 pips rise. 38 or 50% would bring out the bears to continue the bear trend. w/o a higher high i expect at least a small drop to 2933 that may lead to 2879 +.. then the market re-evaluates.
keep in mind this is front a speeding train on the eu not a good place to be. so waiting to get on either way is usually better at the train station.
its also earning season the bp well is capped and Goldman settled. North seems to be the better place to be.
i got a small ticket (south) but will jump off this sucka if need be.
those who can, do. those who cant, talk about those who can