I am calling for a 1 day pop for tomorrow. $ndx got down to its December lows today; SP and Dow not so much but the $ndx didn’t get down to a similar support level from March 2000, 3 days down into its decline before popping. Parabolic SAR daily support points were taken out yesterday so a counter move upcoming. Same thing happened in $ndx April 2000 but I am just tinkering with Parabolic SAR as a trend indicator, new little plaything.
Some others are calling for a bounce so maybe it continues downward but a certain little component of a certain little indicator would be fast getting to oversold levels whilst the certain little indicator is still arriving at its 50 day moving average.
Lots of vague techno speak there. Still need to comment on the Michigan ritual and Johnny Bozo (Ritualee). I did find a 1987 connection to Ohio State as well…..(just a morsel for those curious…Oregon did play Ohio St in 1987) So it helps to explain the Buckeye’s amazing defeat of BAMA, once again led by their 3rd string QB. BAMA getting so much occultic airplay that I thought for sure they had a date of destiny set up with Oregon. But the operators and Vegas cleaned up with that result while still fulfilling their 1987 rituals.
While there is likely a bounce coming Wednesday I do think there is more downside coming. I’d guess we’ll put in a low this Thursday/Friday and then a little stronger rally into next weeks’ option expiration. But I only see it a putting a lower high as I do expect more downside this month of January.
The technical’s in the charts certainly support a 2-4 week move down and that would be about 4 weeks. Baring the possible manipulation of the TA’s I’d expect the “turn” (back up) to start around the 29th based on all 3 things lining up together (meaning the FOMC date, Legatus meeting and the technical analysis forecast).
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Well gang, we have the ol’ “Turn-around Tuesday” tomorrow. So what will it be? Will we gap down, fill the gaps on the various ETF’s from December 18th and then rally up the rest of the day? Or will we gap up and crap the rest of Tuesday and continue going down (past that 18th gap fill) into a suspected Thursday/Friday low?
Happy 2015 everyone!! I am now in Market Cast fulltime @TDAamertitrade >> trading fulltime>>> #PAWSOME
If you tried to find a crash since 2010 when Red keeps calling them.. you definitely have lost your account! Be bi >>> buy and sell the way to go in markets. I am doing #futures fulltime #/DX
#/6E #/TF #/NQ
Have blessed 2015 and be well 🙂
Good wishes to you as well Doomster. Next year will be a wild one I’m sure. Should be a 5-10% correction early next year (like in January/February), then a rally to new highs again by mid-summer and then a bigger correction of 20% or more. Finally a Santa rally but I doubt if we close 2015 higher then the beginning of the year.
I am calling for a 1 day pop for tomorrow. $ndx got down to its December lows today; SP and Dow not so much but the $ndx didn’t get down to a similar support level from March 2000, 3 days down into its decline before popping. Parabolic SAR daily support points were taken out yesterday so a counter move upcoming. Same thing happened in $ndx April 2000 but I am just tinkering with Parabolic SAR as a trend indicator, new little plaything.
Some others are calling for a bounce so maybe it continues downward but a certain little component of a certain little indicator would be fast getting to oversold levels whilst the certain little indicator is still arriving at its 50 day moving average.
Lots of vague techno speak there. Still need to comment on the Michigan ritual and Johnny Bozo (Ritualee). I did find a 1987 connection to Ohio State as well…..(just a morsel for those curious…Oregon did play Ohio St in 1987) So it helps to explain the Buckeye’s amazing defeat of BAMA, once again led by their 3rd string QB. BAMA getting so much occultic airplay that I thought for sure they had a date of destiny set up with Oregon. But the operators and Vegas cleaned up with that result while still fulfilling their 1987 rituals.
While there is likely a bounce coming Wednesday I do think there is more downside coming. I’d guess we’ll put in a low this Thursday/Friday and then a little stronger rally into next weeks’ option expiration. But I only see it a putting a lower high as I do expect more downside this month of January.
In fact I think we’ll bottom right in the middle of the coming FOMC Statement January 28-29th (http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm) as it lines up perfectly with the Legatus meeting January 29-31st (http://www.legatus.org/magazine).
The technical’s in the charts certainly support a 2-4 week move down and that would be about 4 weeks. Baring the possible manipulation of the TA’s I’d expect the “turn” (back up) to start around the 29th based on all 3 things lining up together (meaning the FOMC date, Legatus meeting and the technical analysis forecast).
PEOPLE MAKE LIFE DIFFICULT FOR THEIR SELF, IT IS A WELL- KNOWN FACT that Illuminati consist of Multi Millionaires and Billionaires, we are in the world were everything is in control. for the first time in history we are opening our doors to the masses.for any body who want riches, famous and powerful,then you have the chance to do that,join the illuminati today to get $25000 every 3 days and $1000000 monthly membership blessing contact the following email: famousilluminatiworldwide@gmail.com, CALL +17607330748,OR +234_811_5638_666,we don,t patronize people to join, we only want you to rule your world and be free from oppression.
Well gang, we have the ol’ “Turn-around Tuesday” tomorrow. So what will it be? Will we gap down, fill the gaps on the various ETF’s from December 18th and then rally up the rest of the day? Or will we gap up and crap the rest of Tuesday and continue going down (past that 18th gap fill) into a suspected Thursday/Friday low?
Happy 2015 everyone!! I am now in Market Cast fulltime @TDAamertitrade >> trading fulltime>>> #PAWSOME
If you tried to find a crash since 2010 when Red keeps calling them.. you definitely have lost your account! Be bi >>> buy and sell the way to go in markets. I am doing #futures fulltime #/DX
#/6E #/TF #/NQ
Have blessed 2015 and be well 🙂
Crude oil trend update: http://niftychartsandpatterns.blogspot.in/2015/01/crude-oil-trend-update.html
APPLE Chart update: http://niftychartsandpatterns.blogspot.in/2015/01/apple-chart-update.html
Good wishes to you as well Doomster. Next year will be a wild one I’m sure. Should be a 5-10% correction early next year (like in January/February), then a rally to new highs again by mid-summer and then a bigger correction of 20% or more. Finally a Santa rally but I doubt if we close 2015 higher then the beginning of the year.
see post on ‘best guess for 2015’
hey RDL… still time to enter your ‘best guess’ for end 2015…
see: http://permabeardoomster.blogspot.co.uk/2014/12/submit-your-target-for-end-2015.html
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In any case… good wishes for 2015