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Nice entry! I noticed that the supply shock at 10 AM did not have too much volume, compared to what we saw last week.
The advance is getting old...
carl has to sell at a loss..unfortunately
The market market wants to go up. As long as the Fed is around, the consumer does not seem to matter for this market. The money that is going into the market is not coming from the consumer. It is coming from Uncle Sam. This must stop, for the market to be free.
Today was certainly confusing -- translation, I lost money -- wonder if you had a comment on the volume loss as we were near the lows of 1054-56. Thanks!
For trades of durations longer than day trades, it is very risky to in this market, long or short. But being short is an order of magnitude riskier than being long.The Fed is all powerful until they are castrated or emasculated by the Congress.The Fed matters the most, other than maybe a big war.
Right now I see that the tall red volume candles (/ES 2-min) are getting shorter and shorter on each drop.Looks like the sellers cannot push /ES below Futia's ES 1052 LOD estimate.
andi, just a couple of days back, you had a mouthful of charcoal broiled chicken sandwiches, courtesy of Carl.So, why are you bad-mouthing Carl? Carl has not sold yet, at a loss, as you claim.
Andi, that's what I call a parasitic behavior. You come and feed on a free blog and then bad mouth the host.
Carl was among one of the few who said SPX 965 way back when everybody was gloom and doom...just hang on it is going up...the only thing I don't understand was why did Carl not play it yesterday....2c
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