I figured that you and Jay were still reading. I've been really busy lately and haven't had a chance to post on Jay's site, or Cobra's.
I usually post on Evil Speculator and Slope of Hope too… but this is a busy time of year for my work, and I don't have a lot of time to chat.
Now, if I can only learn to follow my own forecasts, and stop panicking! I looked back at some of the predictions and I'm amazed at how accurate they were. Of course, being human and all, I didn't have the patience to follow them to the letter.
So, I let money on the table, and went the other direction too soon. But, I'm still in the game. LOL!
I was beginning to wonder if I was all alone, as no one was posting any comments. So, there really is someone out there? Little Grey men, or green martians… I don't care. Just as long as someone is reading, I'll be happy.
Today should produce a short term bottom, so if you're short you show sell out. As I said in the post, once the fed auctions start on Thursday, the dollar won't be supported anymore. That means the market will catch a bid and rally for a little while.
But, I don't see it breaking the line in the sand at 110.34 spy. It might rally back close to it, but it will just be another place to go short.
Today should produce a short term bottom, so if you're short you show sell out. As I said in the post, once the fed auctions start on Thursday, the dollar won't be supported anymore. That means the market will catch a bid and rally for a little while.
But, I don't see it breaking the line in the sand at 110.34 spy. It might rally back close to it, but it will just be another place to go short.
I'm looking for 1040-1050 this week, then a bounce back up. After the bounce is done, we should continue back down. Support at 1020 and 998-1000. I think we'll pause a 1020 on the way down, but it should break on this trip down. Then we'll hit the 998-1000 area and bounce again.
Thanks rrman…
I figured that you and Jay were still reading. I've been really busy lately and haven't had a chance to post on Jay's site, or Cobra's.
I usually post on Evil Speculator and Slope of Hope too… but this is a busy time of year for my work, and I don't have a lot of time to chat.
Now, if I can only learn to follow my own forecasts, and stop panicking! I looked back at some of the predictions and I'm amazed at how accurate they were. Of course, being human and all, I didn't have the patience to follow them to the letter.
So, I let money on the table, and went the other direction too soon. But, I'm still in the game. LOL!
Red
you have very nice blog with very acurate predictions..I like it!
greets from Croatia
We'rre here!!!
Count me in and please keep up the great posts.
This prediction business is pretty dicey, but when I first came across your site (2 weeks ago?), I immediately thought you are on to something…
I'm curious about your basic market variables in coming up with short-term direction.
thanks,
-MS
Thanks MS…
I was beginning to wonder if I was all alone, as no one was posting any comments. So, there really is someone out there? Little Grey men, or green martians… I don't care. Just as long as someone is reading, I'll be happy.
Red
WOW, Red, you are making some prescient calls. Your graphics are terrific! thank you
Today should produce a short term bottom, so if you're short you show sell out. As I said in the post, once the fed auctions start on Thursday, the dollar won't be supported anymore. That means the market will catch a bid and rally for a little while.
But, I don't see it breaking the line in the sand at 110.34 spy. It might rally back close to it, but it will just be another place to go short.
Red
Today should produce a short term bottom, so if you're short you show sell out. As I said in the post, once the fed auctions start on Thursday, the dollar won't be supported anymore. That means the market will catch a bid and rally for a little while.
But, I don't see it breaking the line in the sand at 110.34 spy. It might rally back close to it, but it will just be another place to go short.
Red
Thanks Red
I'm looking for 1040-1050 this week, then a bounce back up. After the bounce is done, we should continue back down. Support at 1020 and 998-1000. I think we'll pause a 1020 on the way down, but it should break on this trip down. Then we'll hit the 998-1000 area and bounce again.