Sunday Update: Nothing… quite simple huh? I’m expecting an up move to the 170.46 SPY FP Monday and then down maybe 20 SPX points and back up again later in the week. Overall, nothing but choppy daytrader stuff and no real swing position.
Sorry, but you all should know by now that the gangsters love to go up and down from day to day to steal money from both bulls and bears until they decide on the trend (which right now is still up but can change anytime).
Hey John, I too see the DOW reaching 30,000+ but first it MUST crash! When the bottom is put in sometime in 2015 (maybe 2016?) in the 4,000-6,000 range I’d then be looking to invest for the long term in the market as the following 10+ years will be nothing but the bulls.
Right now though we wait for a top in mid August, then a drop to 1440 spx area, and then a rally to 1750+ by the end of this year. Next year in early 2014 we should see the final blow off top over 1800 spx I’d guess and then the rest of the year the bears will destroy the bulls.
and gas at $9/gallon, Milk $25/gl, loaf of bread $11.00, Gold $5000, Silver $250, etc.
Red.. The spx has been going up, but earnings have still been getting wrecked
Sunday Update: Nothing… quite simple huh? I’m expecting an up move to the 170.46 SPY FP Monday and then down maybe 20 SPX points and back up again later in the week. Overall, nothing but choppy daytrader stuff and no real swing position.
Sorry, but you all should know by now that the gangsters love to go up and down from day to day to steal money from both bulls and bears until they decide on the trend (which right now is still up but can change anytime).
GOOGLE Weekend update: http://niftychartsandpatterns.blogspot.in/2013/07/google-weekend-update.html
Hey John, I too see the DOW reaching 30,000+ but first it MUST crash! When the bottom is put in sometime in 2015 (maybe 2016?) in the 4,000-6,000 range I’d then be looking to invest for the long term in the market as the following 10+ years will be nothing but the bulls.
Right now though we wait for a top in mid August, then a drop to 1440 spx area, and then a rally to 1750+ by the end of this year. Next year in early 2014 we should see the final blow off top over 1800 spx I’d guess and then the rest of the year the bears will destroy the bulls.
Seems crazy but this guy, apparently with a good track record, is predicting the Dow to 30,000.. http://www.lombardifinancial.com/reports/SmallCapGrowthStocks/index_06202013.php?dept=EI&sb=ATRADE&sdate=07202013
MICROSOFT Weekend update: http://niftychartsandpatterns.blogspot.in/2013/07/microsoft-weekend-update.html
TESLA Motors Weekend update: http://niftychartsandpatterns.blogspot.in/2013/07/tesla-weekend-update.html
Btw. took some time, but nice call on the penny
APPLE Weekend update: http://niftychartsandpatterns.blogspot.in/2013/07/apple-weekend-update_20.html