I’m not a mathematician, but seeing all these 7s makes me think of the “rule of 7s”, which may also have something to do with turning points in the market. Such as the target retracement for a bear market rally…
my gut tells me that they will give us a full 5 waves down today – so target would be that 1280 point – with some sideways action tommorrow… that 5 min macd can just as easily turn down again and create a lower low
The 5 and 15 minute charts are now pointing back up. Support is now resistance around 1290 spx area. We could rally back up for awhile to work off the short term oversold conditions.
The 60 minute chart still has more downside possible. Once the 5 and 15 reset, we could see another push down into the close? (Wishful thinking here for us bears, as even though the charts say that… they haven’t been working lately).
So, if this really is the top in the market, then then move down could take us as low as 1280 spx today. Who knows? (crossing my fingers here).
The 5 and 15 minute charts are now pointing back up. Support is now resistance around 1290 spx area. We could rally back up for awhile to work off the short term oversold conditions.
The 60 minute chart still has more downside possible. Once the 5 and 15 reset, we could see another push down into the close? (Wishful thinking here for us bears, as even though the charts say that… they haven’t been working lately).
So, if this really is the top in the market, then then move down could take us as low as 1280 spx today. Who knows? (crossing my fingers here).
Check your odometer too, as lot’s of strange things are happening today. Gold Gerb has his reading 77,177! (Hey Gold… maybe you shouldn’t cross any railroad tracks today!)
I’m not a mathematician, but seeing all these 7s makes me think of the “rule of 7s”, which may also have something to do with turning points in the market. Such as the target retracement for a bear market rally…
cr@p, how am I going to get home?
[I have to cross two!!]
OK….here is BIG PIC chart for you bears, might help you sleep better.
http://dshort.com/charts/mega-bear-2000-comparisons.html?mega-bear-2000-nominal-extended
red,
my gut tells me that they will give us a full 5 waves down today – so target would be that 1280 point – with some sideways action tommorrow… that 5 min macd can just as easily turn down again and create a lower low
Profit Drop Shakes Up Goldman Sachs:
http://www.forbes.com/2011/01/19/goldman-sachs-earnings-trading-markets-equities-banks.html?boxes=Homepagelighttop
Profit Drop Shakes Up Goldman Sachs:
http://www.forbes.com/2011/01/19/goldman-sachs-earnings-trading-markets-equities-banks.html?boxes=Homepagelighttop
The 5 and 15 minute charts are now pointing back up. Support is now resistance around 1290 spx area. We could rally back up for awhile to work off the short term oversold conditions.
The 60 minute chart still has more downside possible. Once the 5 and 15 reset, we could see another push down into the close? (Wishful thinking here for us bears, as even though the charts say that… they haven’t been working lately).
So, if this really is the top in the market, then then move down could take us as low as 1280 spx today. Who knows? (crossing my fingers here).
The 5 and 15 minute charts are now pointing back up. Support is now resistance around 1290 spx area. We could rally back up for awhile to work off the short term oversold conditions.
The 60 minute chart still has more downside possible. Once the 5 and 15 reset, we could see another push down into the close? (Wishful thinking here for us bears, as even though the charts say that… they haven’t been working lately).
So, if this really is the top in the market, then then move down could take us as low as 1280 spx today. Who knows? (crossing my fingers here).
ok y’all gotta check this out….. it is HILARIOUS!!!!
http://www.youtube.com/watch?v=3MM8dbWZ8Xw&feature=player_embedded#!
Check your odometer too, as lot’s of strange things are happening today. Gold Gerb has his reading 77,177! (Hey Gold… maybe you shouldn’t cross any railroad tracks today!)