well 1277 is the 200 day. id be surprised if we get above 1250 anytime soon though. capitulation happened at 1070 which was my call that morning. dam im good . never wrong lolz. then shorts squezzed. we are in no mans land. could go up could go down. oop i sound like katzo lolz.
One should never underestimate,the big boys on what they are capable in doing. What a marvelous way to fool the masses of traders than to ramp it up into the 1270 sp level. Their would not be many bears left in the market. I will keep a open mind and not be fixated on one particular level. You maybe right Chic, but it would not surprise me if they do ramp it up.
Actually, I still see a small chance that they will take it to the 127.07 spy FP (about 1270 spx) by opx (and the Legatus meeting). But yes, this first “A” wave could go into that 1200-1220 resistance area before dropping for the “B” wave down. Then the final “C” wave up into opx.
Not sure about Monday, but they could still go up to finish the 5th wave up, or it could be finished today? Don’t know which, but here’s my over all forecast… http://screencast.com/t/wEzGIcyS
So your going against Atilla, Good Luck! :o)
well 1277 is the 200 day. id be surprised if we get above 1250 anytime soon though. capitulation happened at 1070 which was my call that morning. dam im good . never wrong lolz. then shorts squezzed. we are in no mans land. could go up could go down. oop i sound like katzo lolz.
One should never underestimate,the big boys on what they are capable in doing. What a marvelous way to fool the masses of traders than to ramp it up into the 1270 sp level. Their would not be many bears left in the market. I will keep a open mind and not be fixated on one particular level. You maybe right Chic, but it would not surprise me if they do ramp it up.
All the best.
Actually, I still see a small chance that they will take it to the 127.07 spy FP (about 1270 spx) by opx (and the Legatus meeting). But yes, this first “A” wave could go into that 1200-1220 resistance area before dropping for the “B” wave down. Then the final “C” wave up into opx.
where were u chic7, whats your email add
1200 to 1220 is short level again for the big move down .
spx couldnt crack the
50 day
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=3&mn=0&dy=0&id=p89522325502
I think so too… possibly up to the 50MA on the Daily at 1177 spx?
It will go higher Monday, than the close of today.
Not sure about Monday, but they could still go up to finish the 5th wave up, or it could be finished today? Don’t know which, but here’s my over all forecast… http://screencast.com/t/wEzGIcyS
FP hit… http://screencast.com/t/QYv8R4hmI