Yeah, I’m not sure about the final top high of this wave 2 up, but the first major hurdle for the bulls should be around the 1310 spx area… which is close to your 132 spy level.
As I type (0620 NY time) the futures are down 5.6 pts, so the open should be interesting to see. Unfortunately I am on UTC +10, so I always miss the “live” action.
I have known this for many moons,
That the Fukushima disaster is much worse than is being publicized
In fact, I published it at this link on March 16th. The governmental / TEPCO response has been appalling, fully a crime against humanity. It can get worse too. Way worse.
What makes you think that? I see margins being maxed out and spending taking a big hit. The increase in prices probably helped, but otherwise I can’t see it. I guess foreign markets could have a substantial positive impact?
Anyway, what I can see is that the bots will see that there is no longer $100 billion being pumped into the market in the market, which they may interpret as lack of confidence in the market. Then again, who knows with all the shenanigans going on?
Edit: Also, since March 2009, it seems to be a free-for all for market manipulation, both public and private, so I guess just wait and see what kind of scheme they have in mind.
Yeah, I’m not sure about the final top high of this wave 2 up, but the first major hurdle for the bulls should be around the 1310 spx area… which is close to your 132 spy level.
Thanks Jed… I haven’t seen you in awhile. Nice to know you are still around.
SPY fp this morning…127.30.
I went ahead and looked at the Open Interest for JULY and it appears that SPY 132 is the ceiling.
Great post. I got us pegged for a B wave up on DOW weekly …either way, we both looking up short term! thanks again!
Great post, as always Red.
As I type (0620 NY time) the futures are down 5.6 pts, so the open should be interesting to see. Unfortunately I am on UTC +10, so I always miss the “live” action.
Your site is a great place to catch up…
Thanks.
New post…
http://reddragonleo.com/2011/06/19/bear-squeeze-coming-soon-as-wave-two-up-is-about-to-start/
QQQ Weekend update: http://stk.ly/iTP9Iv
I have known this for many moons,
That the Fukushima disaster is much worse than is being publicized
In fact, I published it at this link on March 16th. The governmental / TEPCO response has been appalling, fully a crime against humanity. It can get worse too. Way worse.
http://oahutrading.blogspot.com/2011/03/nuclear-japan-stock-market-holding-up.html
Also I built a radiation resource center, practical stuff and news.
There are actually ways to protect against every form of radiation, there is no one size fits all cure-all.
http://oahutrading.blogspot.com/p/japan-nuclear-information.html
What makes you think that? I see margins being maxed out and spending taking a big hit. The increase in prices probably helped, but otherwise I can’t see it. I guess foreign markets could have a substantial positive impact?
Anyway, what I can see is that the bots will see that there is no longer $100 billion being pumped into the market in the market, which they may interpret as lack of confidence in the market. Then again, who knows with all the shenanigans going on?
Edit: Also, since March 2009, it seems to be a free-for all for market manipulation, both public and private, so I guess just wait and see what kind of scheme they have in mind.
It’s a reasonable target since NDX is expected to hit 3500+