Thanks for asking… YES, I’m still alive. I’ve just been very busy working on other projects right now and haven’t had the time to make a new post or an update. The market isn’t doing anything right now anyway, so I’m not missing anything… that’s for sure! LOL
By the way, the next Legatus meeting is this coming Feb 2-4 I believe. I wonder if we’ll have a top in the market shortly after that is over with? The last one was off by 3 days, but the market did peak and sold off for quite awhile afterwards. Let’s see what this meeting brings?
Looks like The Bernank Criminal Gang is doing what is usually does when pretty much all public companies will miss their earnings. Let that one company go down, but RAMP up the rest of the market to offset.
Well, the very fact that Bernanke & the Criminal Cartel continue to ramp this market is good for the bulls, even if they do have to bring a stock down first before the big ramp. Might be good for a big correction in a quarter or two?
here’s something i was thinking about.
I have many stocks RSI 68 -72, which get ready to report earnings in a couple of weeks. what the market really likes, is the day before earnings, that the stock is at rsi 50. the market likes this A LOT!!!!only one conclusion then.you slow guys try and follow me here, ok…This means the market will do everything it has to to bring all these rsi 68-70 stocks, down to rsi 50, within 2 weeks. that’s not good news for the bulls.
If we don’t have a top now, I would imagine a top after that (and after a vicious ramp job) time frame as QE3 is not announced.
Thanks for asking… YES, I’m still alive. I’ve just been very busy working on other projects right now and haven’t had the time to make a new post or an update. The market isn’t doing anything right now anyway, so I’m not missing anything… that’s for sure! LOL
By the way, the next Legatus meeting is this coming Feb 2-4 I believe. I wonder if we’ll have a top in the market shortly after that is over with? The last one was off by 3 days, but the market did peak and sold off for quite awhile afterwards. Let’s see what this meeting brings?
Amazing how they use the same script, especially with a blank check. Human nature I guess. Or maybe demon nature, in Bernanke’s case.
Red, are u still alive. Did not hear your comments for a while, except the updates
i think you’re right. these guys are sector rotating, within the sectors.
SPY Trend update:
http://niftychartsandpatterns.blogspot.com/2012/01/spy-trend-update_10.html
Looks like The Bernank Criminal Gang is doing what is usually does when pretty much all public companies will miss their earnings. Let that one company go down, but RAMP up the rest of the market to offset.
Well, the very fact that Bernanke & the Criminal Cartel continue to ramp this market is good for the bulls, even if they do have to bring a stock down first before the big ramp. Might be good for a big correction in a quarter or two?
COPPER Triangle pattern:
http://niftychartsandpatterns.blogspot.com/2012/01/copper-in-triangle-pattern.html
here’s something i was thinking about.
I have many stocks RSI 68 -72, which get ready to report earnings in a couple of weeks. what the market really likes, is the day before earnings, that the stock is at rsi 50. the market likes this A LOT!!!!only one conclusion then.you slow guys try and follow me here, ok…This means the market will do everything it has to to bring all these rsi 68-70 stocks, down to rsi 50, within 2 weeks. that’s not good news for the bulls.