Anything is possible? Your new FP is the only one that shows the market going higher. Everything I have is to the downside. If the gangsters decide to go with QE3 during the Legatus Pilgrimage, then another rally up is likely.
But if they do nothing, then this market will tank hard! When did you get those prints, and can you estimate the level that it would take the Dow and SPX too?
Hey Red….I saw your post over on Tom Demarks site talking about FP on SPY around 106 area…..with the FP on XTC (posted by me) up about 10%, I can envision a hard pullback sometime soon, rally into March and then finally turning over….I mean like way over !
Yes, it is a big turn date. While I might get short today (to see if we sell off into the close), I don’t think I’ll hold over the weekend. Could be choppy next week.
Anything is possible? Your new FP is the only one that shows the market going higher. Everything I have is to the downside. If the gangsters decide to go with QE3 during the Legatus Pilgrimage, then another rally up is likely.
But if they do nothing, then this market will tank hard! When did you get those prints, and can you estimate the level that it would take the Dow and SPX too?
do you say that because 2+9=11?
Hey Red….I saw your post over on Tom Demarks site talking about FP on SPY around 106 area…..with the FP on XTC (posted by me) up about 10%, I can envision a hard pullback sometime soon, rally into March and then finally turning over….I mean like way over !
The 5 minute is just over bought now, and once it’s reset… they will make another push higher.
the 1 min macd on spx is resetting, and the 30 min needs to get closer to zero before real sell off, i think after 1 min reset we hit…
got very close to FP…
just to remind you all, since you like 11s… also Sun Spots are 11 year cycle…we very close to 11 th anniversary of .com bubble bursting…
Falling off – is it likely that the FP won’t get hit until Mon? Gap up and then tank? GOOG not able to hold this highs… helping the Q’s to fall some.
I agree. It could bounce in this range of 1270 to 1300 for next week and then break down in Feb
Not close enough yet Richie…
http://reddragonleo.com/wp-content/uploads/2010/04/DIA-misprint-03-31-2010.jpg
It’s 129.53, which we should hit within 5 cents I believe.
Yes, it is a big turn date. While I might get short today (to see if we sell off into the close), I don’t think I’ll hold over the weekend. Could be choppy next week.