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SPDR S&P 500 ETF Message Board

  • plashadpobedy plashadpobedy Dec 10, 2012 11:35 PM Flag

    NYC....time to bug out

    NYC....been looking at the daily charts, and the big boys are walking. MCD was spiked pre-market $1.12/sh on nothing volume. Then, was dumped at high volume, then squeezed up a little towards the close and dumped in the final minutes to drag it down again.

    The big boys are spiking at low-volume and distributing at high-volume.

    I am dumping all long tomorrow and probably buy puts on CAT which looks like it's put in a blow-off top of sorts.

    In addition, the DAX is now at it's May and June highs and it put in a "hammer with a long wick" today, which is a precursor to a fall.

    Sentiment: Sell

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