Nothing has changed, it’s the same as it ever was…

I am expecting a big move around January 6th, 2010.  That’s Wednesday I believe, and it should be a DOWN move!  I don’t expect more then about 10%, but that’s better then nothing I guess…

. . . → Read More: Same As It Ever Was…

Seems like another Dashavoo moment to me.  Wasn’t we here just yesterday?  Yes, we were… only 2 cents higher today!  Sometimes I think I’m living in the matrix, and evil computers are controlling the world.  Yesterday we hit 112.99 SPY, and today it was 113.01… wow, the market is really rallying now!  Someone wake . . . → Read More: All Hail Obama…

Another light trading day on wall street allows the buy programs to come in at the end of the day, and close the market positive.  From a technical standpoint we are overbought and should rollover tomorrow, but I find that highly unlikely with such light volume.

Looking at the chart below (borrowed from Cobra’s . . . → Read More: More Of The Same…

We are now at a dangerous point, as we managed to close at 1126 spx last week… which is at the 50% fib level from the 2007 high to the March, 2009 low.  But for now, I suspect that the light volume during this holiday season will continue to allow the market to . . . → Read More: Weekend Update…