Wow…is all one can say. They really want this to blow up don’t they. Lindsey might be right. They want to pile on the debt as much as possible before pulling the plug. Wow…
As always there’s an alternative view to this. It may also seem like we backtested the 50 month MA this month and are on our way to 1300 but if I had to pick a side I would pick the P3 case at present time.
Long term view.
A bit more rationale why I think P3 is upon us until proven otherwise. Not sure when but it seems like at this rate, 2012 would usher in P3.
Just looking at the 50 mth MA and the 200 mth MA, the spread between the two is seriously narrowing. ~1160 on the 50 vs. ~1115 on the 200MA without a sign that the 50 is about to flatten.
The problem is the central banks would need to print some serious money in order to prevent the 50 from crossing below the 200 and they must start very soon. When the 50 crosses the 200 on the monthly chart, it’s game over. I don’t have the charts up since 1930s but I don’t remember the last time the 50 crossed below the 200.
My feeling is that the 3rd wave will break right through the 50 and 200 monthly moving averages all the way to 1000, bounce off that dashed red trend line and then backtest the 50/200 cross roughly around 1100 before saying sayonara.
you can still post here, for goodness sakes—-
wednesday market direction, is at a 50/50 signal.
usually favors the trend, which is down, but in some cases,
I get up days at the 50/50 signal.
Wow…is all one can say. They really want this to blow up don’t they. Lindsey might be right. They want to pile on the debt as much as possible before pulling the plug. Wow…
es chart: http://niftychartsandpatterns.blogspot.com/2011/11/s-500-futures-analysis_30.html
As always there’s an alternative view to this. It may also seem like we backtested the 50 month MA this month and are on our way to 1300 but if I had to pick a side I would pick the P3 case at present time.
Long term view.
A bit more rationale why I think P3 is upon us until proven otherwise. Not sure when but it seems like at this rate, 2012 would usher in P3.
Just looking at the 50 mth MA and the 200 mth MA, the spread between the two is seriously narrowing. ~1160 on the 50 vs. ~1115 on the 200MA without a sign that the 50 is about to flatten.
The problem is the central banks would need to print some serious money in order to prevent the 50 from crossing below the 200 and they must start very soon. When the 50 crosses the 200 on the monthly chart, it’s game over. I don’t have the charts up since 1930s but I don’t remember the last time the 50 crossed below the 200.
My feeling is that the 3rd wave will break right through the 50 and 200 monthly moving averages all the way to 1000, bounce off that dashed red trend line and then backtest the 50/200 cross roughly around 1100 before saying sayonara.
Your funny! I am sure they made note of that honey! lol xoxo Anna
well this happened after the close
http://news.yahoo.com/p-downgrades-top-us-banks-credit-ratings-222321310.html
Just trying to have a bit of fun here. We need a little more humor here.
All kidding aside, we will see a good size correction from today’s highs tomorrow.
From their I believe we are up in a very choppy time frame next week.
I seen that video a few months back. I don’t know what to think about it? I guess the whole world is a stage and everyone is an actor… LOL
you can still post here, for goodness sakes—-
wednesday market direction, is at a 50/50 signal.
usually favors the trend, which is down, but in some cases,
I get up days at the 50/50 signal.
Anna likes you PW, and so do I. Please do continue posting… regardless of whether or not you are right or wrong about tomorrow. 🙂