I really doubt that it will play out like that. There are too many downside FP’s that they put out there. I do believe they will be filled some time next year, just like I think we will hit the one upside FP on the DIA… and that it will be the final top.
The 2nd chart is certainly an optimistic look. That would imply NO crash coming next year. But I just can’t see how the market can escape a crash. All the funny money, all the manipulation, all the “lack” of real future growth… plus the coming 2011 ARM’s resets, spell massive defaults and a crashing stock market. But, maybe I’m wrong and the market does survive? One can only hope that worst is behind us now.
http://www.zerohedge.com/article/tyz-bloodbath-commencing-543
It’s a reversal day for sure. From the looks of things, it should end with a long topping tail… very bearish.
red,
is this a reversal candle day, or another bear trap?? looks like it will end off red today.
richie
Funny video…
http://www.youtube.com/watch?v=I0mhX9hpq3g&feature=player_embedded
I really doubt that it will play out like that. There are too many downside FP’s that they put out there. I do believe they will be filled some time next year, just like I think we will hit the one upside FP on the DIA… and that it will be the final top.
http://www.ritholtz.com/blog/wp-content/uploads/2010/04/4-2-10-Swing-Analog-1907-2009.gif
maybe like this
The 2nd chart is certainly an optimistic look. That would imply NO crash coming next year. But I just can’t see how the market can escape a crash. All the funny money, all the manipulation, all the “lack” of real future growth… plus the coming 2011 ARM’s resets, spell massive defaults and a crashing stock market. But, maybe I’m wrong and the market does survive? One can only hope that worst is behind us now.
http://www.zentrader.ca/blog/?p=3794
The War Against WikiLeaks Is Worse Than WikiLeaks
http://www.cnbc.com/id/40551046
S&P 500 Chart
http://niftychartsandpatterns.blogspot.com/2010/12/spx-fibonacci-levels.html