Denver was a Superbowl participant in the two Superbowls surrounding the event of 1987 ie the lesser grand ritual and they were destroyed both times 39-20 by the New York Giants in January 1987 and 42-10 by the Washington Redskins in January 1988. They were led by QB #7 who returned to the team a few years ago in some sort of executive capacity where he functions as the de facto team leader.
It is worth noting that the 1987 champion New York Giants might not be playing in this year’s Superbowl but their spirit will be there.
They were also champs in 2008, 2 years ago, following the Superbowl won by the 1929 champion Green Bay Packers. They also lost to last year’s champion Baltimore Ravens in the 2001 SB, 34-7, the culmination of the 2000 tech bubble bursting season and in the midst of the tech meltdown on January 29,2001.
In an interesting coincidence, both of this year’s SB participants, the Denver Broncos and the Seattle Seahawks played the Giants during the year and both played at their stadium in New Jersey(the Meadowlands). Both teams defeated the Giants. The Giant’s QB is Popgun’s brother. He has won 2 SBs to Popgun’s 1.
Hmmm, might have gotten an HO signal…..or observation???? 68 new highs and 80 new lows for $nyse according SC. That’s right around the threshold for a signal.
I am moving my target for a low out to Tuesday or Wednesday. Everything is muddled at this point. Not really oversold but also don’t like seeing inside day red bars for a lot of indices on mildly negative breadth. A lot of hollow candlesticks as well. But then again indices were held up on monster earnings pops from Goog and CMG and I doubt we have any pre-opening earnings releases like that on Monday morning.
I had a low for today because it was the first day after a new moon which has seen a first wave bottom in 3 instances for 3 historical epochs. It still might produce a bottom. Plus we would finish the month down and there would be endless chatter about the January barometer. Plus the start of Yellen’s new term. And a possibly negative Superbowl indicator triggering. All the ingredients in place for a rip roaring in your face contrarian start of the new month rally.
Except the market did not achieve the ideal configuration for a first wave bottom. No final washout to get the pundits in a hysteria and blather endlessly about the January barometer. In a certain historical epoch that the Dow is following quite impressively, the low came in place within the first 3 trading days of the new month. The Dow also did close below its December lows ever so slightly. The $vix looks bullish and is still making new highs. And the euro looks like it’s in a complete freefall at the moment.
We have a possible wave 3 (or C?) up from the low today… which means we “could” go green by the end of the day and really climb higher then many will expect. It’s very possible, but of course not something I can say will happen today. Could be pushed out until Monday?
Just a little tidbit of my Superbowl preview:
Denver was a Superbowl participant in the two Superbowls surrounding the event of 1987 ie the lesser grand ritual and they were destroyed both times 39-20 by the New York Giants in January 1987 and 42-10 by the Washington Redskins in January 1988. They were led by QB #7 who returned to the team a few years ago in some sort of executive capacity where he functions as the de facto team leader.
It is worth noting that the 1987 champion New York Giants might not be playing in this year’s Superbowl but their spirit will be there.
They were also champs in 2008, 2 years ago, following the Superbowl won by the 1929 champion Green Bay Packers. They also lost to last year’s champion Baltimore Ravens in the 2001 SB, 34-7, the culmination of the 2000 tech bubble bursting season and in the midst of the tech meltdown on January 29,2001.
In an interesting coincidence, both of this year’s SB participants, the Denver Broncos and the Seattle Seahawks played the Giants during the year and both played at their stadium in New Jersey(the Meadowlands). Both teams defeated the Giants. The Giant’s QB is Popgun’s brother. He has won 2 SBs to Popgun’s 1.
Hmmm, might have gotten an HO signal…..or observation???? 68 new highs and 80 new lows for $nyse according SC. That’s right around the threshold for a signal.
I am moving my target for a low out to Tuesday or Wednesday. Everything is muddled at this point. Not really oversold but also don’t like seeing inside day red bars for a lot of indices on mildly negative breadth. A lot of hollow candlesticks as well. But then again indices were held up on monster earnings pops from Goog and CMG and I doubt we have any pre-opening earnings releases like that on Monday morning.
I had a low for today because it was the first day after a new moon which has seen a first wave bottom in 3 instances for 3 historical epochs. It still might produce a bottom. Plus we would finish the month down and there would be endless chatter about the January barometer. Plus the start of Yellen’s new term. And a possibly negative Superbowl indicator triggering. All the ingredients in place for a rip roaring in your face contrarian start of the new month rally.
Except the market did not achieve the ideal configuration for a first wave bottom. No final washout to get the pundits in a hysteria and blather endlessly about the January barometer. In a certain historical epoch that the Dow is following quite impressively, the low came in place within the first 3 trading days of the new month. The Dow also did close below its December lows ever so slightly. The $vix looks bullish and is still making new highs. And the euro looks like it’s in a complete freefall at the moment.
hey Red, That doesn’t make sense.
If we break above the 50 day MA..this market will surely break new highs.
Recent price action is a 5 day wide bear flag. Weekly charts are bearish – for the second week in a row..first time since Nov’2012.
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If we break <1767 next week,..we'll drop hard to 1710/1690….then we'll know 1850 was a key intermediate 3' top.
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regardless..have a good weekend!
Gold support and Resistance levels: http://niftychartsandpatterns.blogspot.in/2014/02/gold-support-and-resistance-levels.html
SPX Update: http://screencast.com/t/k07GwlTR
Silver Descending triangle: http://niftychartsandpatterns.blogspot.in/2014/01/silver-descending-triangle-pattern.html
We have a possible wave 3 (or C?) up from the low today… which means we “could” go green by the end of the day and really climb higher then many will expect. It’s very possible, but of course not something I can say will happen today. Could be pushed out until Monday?
Tricky market Amy. Looks like they couldn’t hold the gains yesterday.
APPLE Evening star candlestick pattern: http://niftychartsandpatterns.blogspot.in/2014/01/apple-evening-star-pattern.html