Yes Crash… we need the mini drop outside the wedge before we can go any higher I believe. A drop down to 1115, then back up to back test the broken trend line.
That would put us up in the 1160-1180 range next week. That's the final target I believe. I thought that it would reach the final top around February 9th-10th, but they seem to want it earlier.
Too many things are now coming to a head around January 27th-29th, which is why I now believe that we could turn early on one of those dates. It's close… that's for sure!
Yes girl… time will time. Of course I'm not always right, but who is? I try to be correct, but I also try to write posts that entertain, educate, frustrate, and make people laugh… hopefully not at me! 🙂
Some how I think of you as being smarter now… must be the cool avatar? Good job girl!
I guess if you own the printing press, you could pay off everyone's mortgage if you wanted too… of course that will never happen. The coming crash in the market will still happen later this year. Probably starting in September and going through the end of the year and into early 2011. They can't postpone what going to happen to the market. Another wave down is coming, with or without the ARM's delayed…
Yes Crash… we need the mini drop outside the wedge before we can go any higher I believe. A drop down to 1115, then back up to back test the broken trend line.
That would put us up in the 1160-1180 range next week. That's the final target I believe. I thought that it would reach the final top around February 9th-10th, but they seem to want it earlier.
Too many things are now coming to a head around January 27th-29th, which is why I now believe that we could turn early on one of those dates. It's close… that's for sure!
excellent analysis
the lights go out on the market on Feb. 1
my most likely scenario is very similar to yours a drop to around 1110 by friday/monday morning then a blowoff move to close next week at it's high
Thanks for this – Still aiming for a mini drop rest of this week Red?
10 stars for your blog
10 stars for your blog
Yes girl… time will time. Of course I'm not always right, but who is? I try to be correct, but I also try to write posts that entertain, educate, frustrate, and make people laugh… hopefully not at me! 🙂
Some how I think of you as being smarter now… must be the cool avatar? Good job girl!
Red
Thanks Red – always enjoy reading your posts. Time will tell.
Agree on your thoughts about the 50, Red.
I guess if you own the printing press, you could pay off everyone's mortgage if you wanted too… of course that will never happen. The coming crash in the market will still happen later this year. Probably starting in September and going through the end of the year and into early 2011. They can't postpone what going to happen to the market. Another wave down is coming, with or without the ARM's delayed…
FTSE up today