Seasons Greetings all! I’m agreeing with Red here. We’re about due for a correction soon. Here’s a chart I posted before and it’s been acurate. You can see on sell signals it usually makes a marginal new high before correcting http://screencast.com/t/sxc0wfwqL5aZ
A counter to that chart is the NYSI is over sold and shows it due for a rise in the markets but as we know STOC’s can run over sold for awhile http://screencast.com/t/WDqfh66TReL
One last note is I have a copy of Daniel Ferrera’s 2011 market predictions and he shows a possible turn date on Jan 3, so I would be cautious going long from here on out.
I hope you are right Robert, and nothing happens… but “if” we hit that FP by the end of this week, I’d be scared sh*tless if I were long.
Good luck to you, if you are planning on staying long over the weekend. I’m hoping that the print doesn’t hit until January, but it’s not looking like it wants to pull back any right now. But, the week isn’t over yet.
Just “right click” and “save as”, then use RealPlayer to watch it. It’s missing a few frames as the download was only 97.5% complete, but you’ll get the message.
It would certainly surprise the most sheep, that’s for sure! Most people will be waiting for January to exit their longs, as they assume the market will be just fine until then.
Sorry, but it’s never that easy. Only the gangsters get on the life boat from the Titanic… the rest are going to parish in the freeze waters…
About 300 point left to go… will we hit it this week, or wait until next year?
Thanks Jig… nice charts.
Seasons Greetings all! I’m agreeing with Red here. We’re about due for a correction soon. Here’s a chart I posted before and it’s been acurate. You can see on sell signals it usually makes a marginal new high before correcting http://screencast.com/t/sxc0wfwqL5aZ
A counter to that chart is the NYSI is over sold and shows it due for a rise in the markets but as we know STOC’s can run over sold for awhile http://screencast.com/t/WDqfh66TReL
One last note is I have a copy of Daniel Ferrera’s 2011 market predictions and he shows a possible turn date on Jan 3, so I would be cautious going long from here on out.
Scary numbers on that chart… nice historical view.
http://www.safehaven.com/article/19412/volatility-set-to-pick-up-in-the-new-year?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29
I hope you are right Robert, and nothing happens… but “if” we hit that FP by the end of this week, I’d be scared sh*tless if I were long.
Good luck to you, if you are planning on staying long over the weekend. I’m hoping that the print doesn’t hit until January, but it’s not looking like it wants to pull back any right now. But, the week isn’t over yet.
http://pragcap.com/hussman-an-awful-time-to-invest
A wise man said, ‘It does not pay to be a contrarian in December”. Enjoy the Santa rally everyone………….
I downloaded the entire Oil Storm movie for those interested…
http://reddragonleo.com/OilStorm.avi
Just “right click” and “save as”, then use RealPlayer to watch it. It’s missing a few frames as the download was only 97.5% complete, but you’ll get the message.
It would certainly surprise the most sheep, that’s for sure! Most people will be waiting for January to exit their longs, as they assume the market will be just fine until then.
Sorry, but it’s never that easy. Only the gangsters get on the life boat from the Titanic… the rest are going to parish in the freeze waters…