I feel it’s all about interest rates. Until the 10 yr gets to levels where bonds look attractive people will be in stocks. Of course there can always be an EVENT that will sink the market like Europe or muni defaults.
Well, it’s possible that we could chop around for awhile long, but I don’t think they can hold it up until summer though. That would imply we go much higher then the 1300 area.
What makes you think that the POMO will be able to keep it up that long? Borrowing from one credit card to pay the payment on another is exactly like what the Fed is doing with these POMO’s.
It can’t go on forever. Like I said, we could go down into the Legatus Pilgrimage date for Major Wave ONE. Then rally back up into March for Major Wave TWO. If it happens like that, the Major Wave THREE will start sometime in March, possibly April… but I can’t see June/July/August.
Of course if the market takes out the 1300 level, then yes… they will chop around until summer. I’d be interested to know how you make your decisions to stay long or go short on the market. You should email me sometime with more details.
Buy the dip silly. Nice bear trap today. Very dangerous to short this strooong market. Chop should continue this week, a traders dream. Hey Red, in answer to your question, I think we do correct some after 1300ish. I do not believe we see your significant downside until summer. The rig is in with POMO. Don’t fight the Fed.
I don’t see that happening anytime soon. But we’ll just put it on the “back burner” and remember it when the market starts its’ “HyperInflation” rally.
short will be the most lucrative way to go, and so i will go short. i am unsure what the S&P will top out at, but my gut tells me 1300 is too perfect a number – and symbolic too. the DIA was finding a bid at points today when the s&p was dropping – so that final S&P number is beyond my comprehension. i am expecting something big to mark 1/11/11 – something of importance. i am hoping tommorrow will mark the top of the market – so it will indicate both the end of P2 and beginning the return to the bear market. I am looking for the catalyst to gap the market up overnight – the world wide economic calandar is light….. there has never been a new leg of a bull market that has been built upon a move with so many unfilled gaps up ever – in the history of the market. this is what we have had since the 1040 low of july of last year. the entire move will be retraced – that much i do know…….
I feel it’s all about interest rates. Until the 10 yr gets to levels where bonds look attractive people will be in stocks. Of course there can always be an EVENT that will sink the market like Europe or muni defaults.
All new ratio. Volatility on Crack VOC. Forms nice lines, really does.
And sorry Dr J, I lifted one of your charts.
http://oahutrading.blogspot.com/2011/01/all-new-voc-ratio.html
I’m not sure how this is calculated out, but apparently you can price the market in silver and gold and see how much value the S&P 500 lost.
I’m glad to hear that to Dziemer. Sad about the girl dying, but you know those evil gangsters had to fulfill their ritals.
Well, it’s possible that we could chop around for awhile long, but I don’t think they can hold it up until summer though. That would imply we go much higher then the 1300 area.
What makes you think that the POMO will be able to keep it up that long? Borrowing from one credit card to pay the payment on another is exactly like what the Fed is doing with these POMO’s.
It can’t go on forever. Like I said, we could go down into the Legatus Pilgrimage date for Major Wave ONE. Then rally back up into March for Major Wave TWO. If it happens like that, the Major Wave THREE will start sometime in March, possibly April… but I can’t see June/July/August.
Of course if the market takes out the 1300 level, then yes… they will chop around until summer. I’d be interested to know how you make your decisions to stay long or go short on the market. You should email me sometime with more details.
Christina Green one of the girls who died in the Arizona shooting was born on 09-11-2001.
Amazing to see Giffords survive a point blank shot to the head. I am glad she appears to be recovering 🙂
Buy the dip silly. Nice bear trap today. Very dangerous to short this strooong market. Chop should continue this week, a traders dream. Hey Red, in answer to your question, I think we do correct some after 1300ish. I do not believe we see your significant downside until summer. The rig is in with POMO. Don’t fight the Fed.
You mean this one?
http://reddragonleo.com/wp-content/uploads/2010/06/QID-fake-print.jpg
I don’t see that happening anytime soon. But we’ll just put it on the “back burner” and remember it when the market starts its’ “HyperInflation” rally.
SPX Analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2011/01/s-500-analysis-after-closing-bell_11.html
red,
short will be the most lucrative way to go, and so i will go short. i am unsure what the S&P will top out at, but my gut tells me 1300 is too perfect a number – and symbolic too. the DIA was finding a bid at points today when the s&p was dropping – so that final S&P number is beyond my comprehension. i am expecting something big to mark 1/11/11 – something of importance. i am hoping tommorrow will mark the top of the market – so it will indicate both the end of P2 and beginning the return to the bear market. I am looking for the catalyst to gap the market up overnight – the world wide economic calandar is light….. there has never been a new leg of a bull market that has been built upon a move with so many unfilled gaps up ever – in the history of the market. this is what we have had since the 1040 low of july of last year. the entire move will be retraced – that much i do know…….