I said since Sept 09 till Healthcare if passed we “will not see any significant sell off” (from Evil speculator blog post Sept) we shall see tomorrow if my thoughts are fullfilled. Selling will come this week.
That de-leverage area presents some structural problems for the bull structure as the controlling TL that has held the SPX is currently above the de-leverage tick
All long positions above SPY 107.82 will eventually become underwater, just like all the short positions below the 1127.38 gap left in January eventually became underwater.
As red has figured out, this game is designed to take your money and for most people it is no different than gambling @ a casino. You keep hearing me talk about the regulatory part of the market, due to that the market moves in two directions on all time frames which is the catalyst for parting people with their money.
I've been pretty busy at work lately, as this is the busy time of year for me. So, I haven't had a chance to stop by and visit your blog (sorry). I do try to read your site and the comments from time to time, and you're right… it seems that you have a problem with trolls, or just annoying people posting worthless content.
I think you would have less of that if you switched your comment system to discus. Of course it wouldn't keep them all out, but it would reduce the amount of idiots posting and running… with no logic or reason by the post, other then to annoy people.
I'm lucky to have a good group of people commenting here on this site. I'm just the host, and they are the party. When it comes to technical analysis, I learn from them… as you can see I don't post as much TA's or charts as I used too.
With the market being so heavily control now, it's really a waste of time to forecast the next move, as it won't happen until the big institutions are allow to sell.
I know you are aware that this market should have continued down in February, as well as several other times. But, government manipulation is the new game that must be mastered.
Forecasting their next move is the key to predicting the market. Of course there has always been some form of manipulation in the market, but never total control like now. The massive printing of free money has change the rules in the stock market forever.
POLITICS is a GAME that used to be for the BOYS in the back room NOW its on CNN , CNBC, & of course FOX everyday and each one SPINS it the way they want to get the best ratings for the day
IT takes a certain kind of person to be a politician, and they MUST learn the GAME or they wont be around very long
IT is a game of GIVE AND TAKE
but the public is being overwhelmed with TOOO MUCH politics and they dont like it
IT was the SAME 200 years ago and it will never change
It took LBJ 15 months to get medicare passed, so why should healthcare be any different
At least your commentors CONTRIBUTE to the technical status of the market and they DONT taunt that you tend to be more bearish than not. I dont know why I get some people who just seem to want to show me up, and the ones how should contribute mostly remain silent.
Technical sell signals were issued on the 10& 11th but the effects can be delayed up to 10days
Numerology plays an interesting role at peaks & lows 1170 was not exceeded 1+1+7= 9 a finishing/final number 10800 was not exceeded and also totals 9
every month of the last 10 that I researched had a low in the first week and a high in the 3rd week around the 18th & 19th
the 5th of the month =5 18th of the month = 9 final 23rd of each month = 5 5 & 23 -2+3= 5 means CHANGE
So we can see that in a STRONG trending market those values can be used at least as a guide to work with & evaluate other technical data at times of extremes
Jay I have been publishing a market EKG prior to each day which seems to be showing the ups& downs of the next day, as I have been posting it after 8:30am
Keep in mind I DONT MAKE THESE graphs
they are derived from a continuous data stream, and I convert it to a graph. The reason I post it after 8:30 is to give me a starting point. the end of the day is still difficult to pick, but ive gotten better at it.
the other 2 graphs are posted after market to show comparisons of the EKG to the SPX & Market PULSE which updates every 5 minutes during the day.
How the heck do you come up with this stuff. Amazing stuff love to read A+++
I do say yes to that.
Market knows better than anyone else.
I would sell off if it thinks Health bill is going to cause doom to economy. I think health bill is good for economy so market is shooting up.
I have no clue how this bill is good for economy ?
But looks like Mr. Market is saying so.
So I shall be humble and take Mr. Market's verdict.
BTW Red you wont pay more in taxes, you have to make over 250G!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I said since Sept 09 till Healthcare if passed we “will not see any significant sell off” (from Evil speculator blog post Sept) we shall see tomorrow if my thoughts are fullfilled.
Selling will come this week.
great post red, a number of interesting points
for those not aware of the ritual taking place today with HealthCare(HC)
todays is SUN-day 3.21
3 = 111
it is currently the 111th meeting of congress
21 = 777
3.21 = 3.2.1.reset
___________________________________________
Let's look at some de-leverage ticks & gaps left by the operators
First here is a chart showing the de-leverage tick of 107.82 est. 2/16/2010
http://www.flickr.com/photos/47091634@N04/44500…
That de-leverage area presents some structural problems for the bull structure as the controlling TL that has held the SPX is currently above the de-leverage tick
We also have the SPX 1131.56 gap left on 3/5/2010
http://www.flickr.com/photos/47091634@N04/44203…
All long positions above SPY 107.82 will eventually become underwater, just like all the short positions below the 1127.38 gap left in January eventually became underwater.
As red has figured out, this game is designed to take your money and for most people it is no different than gambling @ a casino. You keep hearing me talk about the regulatory part of the market, due to that the market moves in two directions on all time frames which is the catalyst for parting people with their money.
Trade with the regulators, not against them.
Think we will be able to get there shortly.
Think we will be able to get there shortly.
Jay,
I've been pretty busy at work lately, as this is the busy time of year for me. So, I haven't had a chance to stop by and visit your blog (sorry). I do try to read your site and the comments from time to time, and you're right… it seems that you have a problem with trolls, or just annoying people posting worthless content.
I think you would have less of that if you switched your comment system to discus. Of course it wouldn't keep them all out, but it would reduce the amount of idiots posting and running… with no logic or reason by the post, other then to annoy people.
I'm lucky to have a good group of people commenting here on this site. I'm just the host, and they are the party. When it comes to technical analysis, I learn from them… as you can see I don't post as much TA's or charts as I used too.
With the market being so heavily control now, it's really a waste of time to forecast the next move, as it won't happen until the big institutions are allow to sell.
I know you are aware that this market should have continued down in February, as well as several other times. But, government manipulation is the new game that must be mastered.
Forecasting their next move is the key to predicting the market. Of course there has always been some form of manipulation in the market, but never total control like now. The massive printing of free money has change the rules in the stock market forever.
I hope you are still making money my friend.
Red
POLITICS is a GAME that used to be for the BOYS in the back room
NOW its on CNN , CNBC, & of course FOX
everyday and each one SPINS it the way they want to get the best ratings for the day
IT takes a certain kind of person to be a politician, and they MUST learn the GAME or they wont be around very long
IT is a game of GIVE AND TAKE
but the public is being overwhelmed with TOOO MUCH politics and they dont like it
IT was the SAME 200 years ago and it will never change
It took LBJ 15 months to get medicare passed, so why should healthcare be any different
Best to all
Jay
At least your commentors CONTRIBUTE to the technical status of the market and they DONT taunt that you tend to be more bearish than not. I dont know why I get some people who just seem to want to show me up, and the ones how should contribute mostly remain silent.
Technical sell signals were issued on the 10& 11th but the effects can be delayed up to 10days
Numerology plays an interesting role at peaks & lows
1170 was not exceeded 1+1+7= 9 a finishing/final number
10800 was not exceeded and also totals 9
every month of the last 10 that I researched
had a low in the first week
and a high in the 3rd week around the 18th & 19th
the 5th of the month =5
18th of the month = 9 final
23rd of each month = 5
5 & 23 -2+3= 5 means CHANGE
So we can see that in a STRONG trending market
those values can be used at least as a guide to work with & evaluate other technical data at times of extremes
Jay
I have been publishing a market EKG prior to each day which seems to be showing the ups& downs of the next day, as I have been posting it after 8:30am
Keep in mind
I DONT MAKE THESE graphs
they are derived from a continuous data stream, and I convert it to a graph. The reason I post it after 8:30 is to give me a starting point. the end of the day is still difficult
to pick, but ive gotten better at it.
the other 2 graphs are posted after market to show comparisons of the EKG to the SPX & Market PULSE which updates every 5 minutes during the day.
Jaywiz