i forgot to add that today marks the true 21 month reversal of the s&p at 666 on March 6, 2009. (21 = 7+7+7) today marks the true 777. today marks the top.
i forgot to add that today marks the true 21 month reversal of the s&p at 666 on March 6, 2009. (21 = 7+7+7) today marks the true 777. today marks the top.
Someone on Daneric’s mentioned $rut:$indu was near April’s highs a few days ago; it has now surpassed that level and it’s at the September ’08 level just before the market tanked. I am pretty sure $nymo will have a small change reading as it has stalled just above the 0line the last few days. A new upthrust would have had $nymo blowing thru the 0 line area.
At the risk of complete public ridicule – i am going out on the very end of the limb and state that we just say the top tick of the S&P at 1235.05
i think we will see some sideways action for 1-3 weeks but today looks good for a top tick. why today you ask red?? well its as good a day as any. ….. the technicals are truly broken with all this market manipulation, and the market has achieved changing even the elliott wavers (on the short term) to now see more “up”. it has herded the majority of market participants (those few that are left) to ‘more up’, and bull and bear arguments alike call for higher prints.
TpTb are the only ones who know exactly when they will pull the rug out from these markets – but i say TOP TICK…….christmas rally be damned……. today is 12/7 and your wilshire print is also 12/7….today we top ticked……
red, i will be the first person to say i am wrong once we tick over 1235.
It is bearish, I agree, if it fills tomorrow, then Thursday is DOWN… btw, Thursday’s are usually up, when the market indexes are coming off a white soldier candle pattern. The vix might get busy, next two days…
Nice sell on the news event. Gap it up at the high of the day at the opne on the news of extension of the tax cuts and then reverse it down. Crude oil, gold and silver with bloody reversals. Munis tanking hard again with IIC (California munis) making a new yearly closing low and near the low of its minicrash low a few weeks ago. Tomorrow 444tds from March ’09 lows and 111tds from July low (which itself was 333tds from March low)….In 127 hours, Franco’s character is shown preparing for the night as he is isolated at the bottom of the canyon recess (on the 2nd night) and the screen does a countdown of the day’s temperature to the night temperature. It starts somwhere in the 70’s and drops to 44degrees. (I am guessing it started at 77–I wasn’t paying attention too closely here—and thus there was a 33degree change in temperature—–remember when it was 17:03, he says it 3:03 ie 33.) We also have an important month and day versary coming for the 7-3 fake print. (maybe we need to apply 127 hours to it)
oh yeah and red,
today 1235.05 marked the exact 61.8% fib retracement of the 2007 highs. this is the kiss of death…..
red,
i forgot to add that today marks the true 21 month reversal of the s&p at 666 on March 6, 2009. (21 = 7+7+7) today marks the true 777. today marks the top.
richie/
red,
i forgot to add that today marks the true 21 month reversal of the s&p at 666 on March 6, 2009. (21 = 7+7+7) today marks the true 777. today marks the top.
richie/
Someone on Daneric’s mentioned $rut:$indu was near April’s highs a few days ago; it has now surpassed that level and it’s at the September ’08 level just before the market tanked. I am pretty sure $nymo will have a small change reading as it has stalled just above the 0line the last few days. A new upthrust would have had $nymo blowing thru the 0 line area.
ok RED i am going to do it.
At the risk of complete public ridicule – i am going out on the very end of the limb and state that we just say the top tick of the S&P at 1235.05
i think we will see some sideways action for 1-3 weeks but today looks good for a top tick. why today you ask red?? well its as good a day as any. ….. the technicals are truly broken with all this market manipulation, and the market has achieved changing even the elliott wavers (on the short term) to now see more “up”. it has herded the majority of market participants (those few that are left) to ‘more up’, and bull and bear arguments alike call for higher prints.
TpTb are the only ones who know exactly when they will pull the rug out from these markets – but i say TOP TICK…….christmas rally be damned……. today is 12/7 and your wilshire print is also 12/7….today we top ticked……
red, i will be the first person to say i am wrong once we tick over 1235.
…..any thoughts??
richie
S&P 500 Analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010/12/s-500-analysis-after-closing-bell_08.html
zerohedge, (loser) telling everybody to go long NFLX—NFLX is in a congressional battle with the TELECOM LOBBY—NFLX will LOSE!
It is bearish, I agree, if it fills tomorrow, then Thursday is DOWN… btw, Thursday’s are usually up, when the market indexes are coming off a white soldier candle pattern. The vix might get busy, next two days…
Nice sell on the news event. Gap it up at the high of the day at the opne on the news of extension of the tax cuts and then reverse it down. Crude oil, gold and silver with bloody reversals. Munis tanking hard again with IIC (California munis) making a new yearly closing low and near the low of its minicrash low a few weeks ago. Tomorrow 444tds from March ’09 lows and 111tds from July low (which itself was 333tds from March low)….In 127 hours, Franco’s character is shown preparing for the night as he is isolated at the bottom of the canyon recess (on the 2nd night) and the screen does a countdown of the day’s temperature to the night temperature. It starts somwhere in the 70’s and drops to 44degrees. (I am guessing it started at 77–I wasn’t paying attention too closely here—and thus there was a 33degree change in temperature—–remember when it was 17:03, he says it 3:03 ie 33.) We also have an important month and day versary coming for the 7-3 fake print. (maybe we need to apply 127 hours to it)
MMM long 79 0r 82? I don’t know…Here’s what I come up with.
MMM took a dip = buying op,http://zstock7.com/?p=3774