Well a certain little indicator continues to head downward and it has been doing so since the start of February while the market has been rallying as it heads towards the crash zone. It isn;t near there yet but it is on pace to get there by the special date which means the market should continue to drop.
So far it’s been meandering but it should start producing some dramatic drops.
SP RSI was extreme at its high on Monday. Nasdaq made a new high today barely so that should provide some divergence there.
Apple had the rare red day today. It should be continuing its latest run to the 630s or it topped here. Since January, there haven’t been more than 2 days down in a row in that stock and it shouldn’t be having negative days so close to its latest base.
Crashes? You mean two 12 points SPX moves down? If so, yes, I think they are luring in shorts again. Red, Gheccko23? You guys think one more upturn? I think they do it ONE more time? Why? Possibly for no other reason than to create that time period for them to get their money out and SHORT the crap out of it themselves.
LOL… yes, it’s back to 2010 again, when a 10 point move down is considered a crash.
Yeah I think the new policy of the PPT is that every downtick is now a crash.
Well a certain little indicator continues to head downward and it has been doing so since the start of February while the market has been rallying as it heads towards the crash zone. It isn;t near there yet but it is on pace to get there by the special date which means the market should continue to drop.
So far it’s been meandering but it should start producing some dramatic drops.
SP RSI was extreme at its high on Monday. Nasdaq made a new high today barely so that should provide some divergence there.
Apple had the rare red day today. It should be continuing its latest run to the 630s or it topped here. Since January, there haven’t been more than 2 days down in a row in that stock and it shouldn’t be having negative days so close to its latest base.
Gold chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/03/gold-chart-analysis_22.html
Yeah, a top must be very near.
WoW, no comments?
Google resistance lines:
http://niftychartsandpatterns.blogspot.in/2012/03/google-resistance-lines.html
Why is Apple hovering around the 606 level today and yesterday?
Tomorrow is another “Eleven” day and Apple is in the low 600’s… so I’m looking to see if they close it at a ritual number like 606.66 or something.
Crashes? You mean two 12 points SPX moves down? If so, yes, I think they are luring in shorts again. Red, Gheccko23? You guys think one more upturn? I think they do it ONE more time? Why? Possibly for no other reason than to create that time period for them to get their money out and SHORT the crap out of it themselves.