at 11,800, the market probably trades sideways, using sector rotation, to keep the averages, trading sideways…gold stocks are due for a bounce and financials are due for a hit—so do them on the same day and the spy stays the same, then the next day, up retail, sink IYT, etc
Positive economic news continues to propel market. 1300 within sights. I expect to see more upside tomorrow……….. Dollar and market going up together, ain’t that something,……….
yours is the only site i know of that highlights FP. Even Zerohedge makes a tongue and cheek comment about FAT FINGERS for ‘misprints’as no there seems to know to take it seriously….
i think we will find out in a couple of days. What i do know is that your FP correlates in timing to some long wave cycle timings, and as i mentioned yesterday the solar lunar cycle work on the dow by chris carolan (the spiral calendar)……. i wish i could cut/paste Chris’s dow solunar chart out for you to see, but it only available to subscribing members, shows an all out collapse of the markets after jan.7……….
i think the risk at this point is to the downside. i just think with market so overbought and with upside momentum indicators waning, the risk of the market leaping another 100 s/p points every month because of pomo is just ridiculous. in 1973 barron’s yearend issue was “not a bear amongst them had everyone bullish then too!!
All this waiting for this print has made me nervous. What if it keeps going on up past it? Could “they” change the plans since I exposed the print so much here on the blog?
I don’t know, but everyone just don’t mortgage your house to short at the print. Use common sense, as I’m sure there’ll be bounces along the way down (assuming I’m right on the print being the top?).
And of course you need to be prepared to bail out if the market continues on up past the print.
One thing that bugs me is the fact that the Legatus Pilgrimage isn’t until February the 3rd-5th, which could indicate a bottom if we tank after the FP is hit… or a top if the market blows past the print and continues until into that date.
The other possibility is that we top out at the FP, then sell off for some kind of large wave one, and then back up for wave two… into the meeting time period.
This would setup the market for a very large wave 3 down, inside of Primary wave 3 (P3)… the largest wave of them all (which would start just after the Pilgrimage is over, allowing the gangsters to “cash their checks” before the crash.
But for now, it certainly looks like we will hit the print by this Friday or Monday, as we’re only about 100 Dow points away now.
Remember what Lindsey Williams said about the Euro, and that we’ll only have about 2-3 weeks to get out of all “paper”, before the “crap” hits the fan. That could be the last week or two of this month, leading into the Legatus meeting?
Everyone just keep your ears open for news on the Euro… and post it here when you catch something. This will be a signal that “the end is near”.
at 11,800, the market probably trades sideways, using sector rotation, to keep the averages, trading sideways…gold stocks are due for a bounce and financials are due for a hit—so do them on the same day and the spy stays the same, then the next day, up retail, sink IYT, etc
after the employment report—friday, we go back to down every tuesdays, probably
Positive economic news continues to propel market. 1300 within sights. I expect to see more upside tomorrow……….. Dollar and market going up together, ain’t that something,……….
SPX analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2011/01/s-500-analysis-after-closing-bell.html
red,
yours is the only site i know of that highlights FP. Even Zerohedge makes a tongue and cheek comment about FAT FINGERS for ‘misprints’as no there seems to know to take it seriously….
i think we will find out in a couple of days. What i do know is that your FP correlates in timing to some long wave cycle timings, and as i mentioned yesterday the solar lunar cycle work on the dow by chris carolan (the spiral calendar)……. i wish i could cut/paste Chris’s dow solunar chart out for you to see, but it only available to subscribing members, shows an all out collapse of the markets after jan.7……….
i think the risk at this point is to the downside. i just think with market so overbought and with upside momentum indicators waning, the risk of the market leaping another 100 s/p points every month because of pomo is just ridiculous. in 1973 barron’s yearend issue was “not a bear amongst them had everyone bullish then too!!
you are right red!!! i just know it!!
DSCOD is worth $9.00-$10.00 pre-approval for the drug Surfaxin. I would toss it before the FDA approval.
It’s possible this will dip below $3.00 before this run up (but I doubt it).
All this waiting for this print has made me nervous. What if it keeps going on up past it? Could “they” change the plans since I exposed the print so much here on the blog?
I don’t know, but everyone just don’t mortgage your house to short at the print. Use common sense, as I’m sure there’ll be bounces along the way down (assuming I’m right on the print being the top?).
And of course you need to be prepared to bail out if the market continues on up past the print.
One thing that bugs me is the fact that the Legatus Pilgrimage isn’t until February the 3rd-5th, which could indicate a bottom if we tank after the FP is hit… or a top if the market blows past the print and continues until into that date.
The other possibility is that we top out at the FP, then sell off for some kind of large wave one, and then back up for wave two… into the meeting time period.
This would setup the market for a very large wave 3 down, inside of Primary wave 3 (P3)… the largest wave of them all (which would start just after the Pilgrimage is over, allowing the gangsters to “cash their checks” before the crash.
But for now, it certainly looks like we will hit the print by this Friday or Monday, as we’re only about 100 Dow points away now.
Remember what Lindsey Williams said about the Euro, and that we’ll only have about 2-3 weeks to get out of all “paper”, before the “crap” hits the fan. That could be the last week or two of this month, leading into the Legatus meeting?
Everyone just keep your ears open for news on the Euro… and post it here when you catch something. This will be a signal that “the end is near”.
so after all 1276-1287 spx!!! coming
ditto!
I with you on that one Johnny… I don’t want to see that VIX print either!