Your right… what am I thinking? I must have drank some of the bull koolaid, to think that the bottom in March/April is only 8300. I do think they will take out the March 2009 lows though… just don’t know when?
Thanks for the update Red…
Well, given the futures, and overnight session in China, I’d say Gann timing and FPs held up…As I’ve been saying before, June likely to be bottom of 2011 (and possibly lower that March 2009)…this would also match FP in gold 930… I’d say that FP of DOW 8300 should be reached in third wave or towards end of March…Soooo…don’t count on POMO boys, when job report is released on Feb 4th, and it’s obvious that Fed didn’t improve housing or jobs…
Most of the bonds bought by Fed are new issues (like couple of weeks ago)…if they want to keep Ponzi going they have to increase debt calling fast…bad job number (along with interest rates going higher), add muni crisis and Europe…a whole a lot has to happen before April 1st…
Red, I think you are being very bullish with 8300 later in the year…LOL…my target for that print is end of March early April, but in first half of March as well (as market if forward looking…LOL)
This method even predicts by Quarters, sometimes—in OCT, it said we would correct at 11,800—coincidentally Red’s FP. and by coincidence again, it confirms Red’s FP 1067—-I personally think that FP won’t be reached until after March, when the market gets worried that QE2 runs out in June.
That’s how I calculate the high and the low for the year, going on 5 years now. As long as their aren’t any surprises, it’s pretty accurate. it predicted 7000 dow in the bank crash, but it didn’t predict 6100, because around that time nobody knew the numbers!
UberBear. you are a rare specimen at these times.
🙂
You finally joined the bears Robert! Wa Who!
Your right… what am I thinking? I must have drank some of the bull koolaid, to think that the bottom in March/April is only 8300. I do think they will take out the March 2009 lows though… just don’t know when?
Thanks for the update Red…
Well, given the futures, and overnight session in China, I’d say Gann timing and FPs held up…As I’ve been saying before, June likely to be bottom of 2011 (and possibly lower that March 2009)…this would also match FP in gold 930… I’d say that FP of DOW 8300 should be reached in third wave or towards end of March…Soooo…don’t count on POMO boys, when job report is released on Feb 4th, and it’s obvious that Fed didn’t improve housing or jobs…
Most of the bonds bought by Fed are new issues (like couple of weeks ago)…if they want to keep Ponzi going they have to increase debt calling fast…bad job number (along with interest rates going higher), add muni crisis and Europe…a whole a lot has to happen before April 1st…
Red, I think you are being very bullish with 8300 later in the year…LOL…my target for that print is end of March early April, but in first half of March as well (as market if forward looking…LOL)
Bring forth some downside………..
Don’t forget about Fed day numbnutz………
This chit even works on stocks and ETF holdings, like BHI 60 or XOM 81.5 = OIH high.
This method even predicts by Quarters, sometimes—in OCT, it said we would correct at 11,800—coincidentally Red’s FP. and by coincidence again, it confirms Red’s FP 1067—-I personally think that FP won’t be reached until after March, when the market gets worried that QE2 runs out in June.
That’s how I calculate the high and the low for the year, going on 5 years now. As long as their aren’t any surprises, it’s pretty accurate. it predicted 7000 dow in the bank crash, but it didn’t predict 6100, because around that time nobody knew the numbers!
That’s some crazy shiznit!