August 11, 2010

Morning Post, SPX, S&P 500, e-mini

Any guess where BAC is headed? Target near 7.


F- 12.00 to .91 target -


 Compare the EUR/USD chart to the minis below.  Correlation achieved.

Island gap at 1117 - just remember it.

Minis after open yellow channel and pink is possible support diagonal.


At 12:30 Minis off over 7. I really think if let's go tomorrow. The only possibility of them keeping this charade up is truly if the only traders left in this farce of a market are the algo machines. I think it is only a matter of time before the alliance falls apart and someone decides they don't want to be the one left holding the bag. One broker dealer is gong to break ranks sooner than later. Everyone knows this market is a POS rigged game. From what I hear on squawk the floor trader population is sparse compared to what it once was. The bots are taking over like some futuristic novel or movie, it is happening infront of our eyes. The Matrix is real. The wedge is breaking down. I do not think it is resetting it's lower diagonal support. This Friday is the 13th by the way.
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