Red

Here’s what I’m looking for…

SPY to hit 133.50 and close gap from February 21st/22nd
INDU to hit double top
VIX to hit FP of 17.25 from this morning.

Get that, and we should have a top for today.

just look at those moving averages near the dow double top.

either the market participants are in a severe case of DENIAL, or they are trying to PAINT the TAPE up for Q1 end!! this means BONUS!! i am sure this is a motivating factor to todays action…

Look at how close the Dow is to a double top…

That’s just nuts! When QE2 ends, this market will collapse! That’s one of the easiest prediction I’ve ever made… LOL

If you want to see something go critical, don’t look at Fukushima, look at the market. 3 Fed Presidents saying they want to end QE2, profits down, costs WAY up, Spanish CDS spiking. Yup, this market has gone critical.

red,

only if this info is chosen as the info to affect the overall market, will there be a reaction.

I wonder how the agricultural info tomorrow will affect the overall market?

http://mrtopstep.com/2011/03/30/gary-sandlund-agricultural-markets-volatility-high-ahead-of-tomorrows-usda-report/

All FP’s are “traded” Richie… that’s how they get them to show up. But, a corresponding spike up in the market would have happened for it to make sense. It didn’t… therefore the print isn’t valid, and isn’t a FP.

well we are above the top bollinger bands on the 60 min spx charts…… this looks beyond contrived!! i can just sit back and laugh!