I believe we will bottom today and start our final rally into the first week of February to put in our final high before a 10-30% correction happens. Upside target is still 17,000 on the DOW (plus or minus a 100 points). The date it hits is important too as sometimes they can fool us sheep and go higher then we expect them too.
It is very, very important for anyone interesting in an extreme HOT pick that is coming out tomorrow a 9:30am you should email me tonight. I will not be listing this in the newsletter.
The retail ETFs making new multi-week lows today with both XRT and RTH dropping below their bollinger bands. Quite remarkeable considering retail seemed to be the strongest sector during this Fed sponsored levitation. XRT has been getting hammered harder recently but I don’t understand the difference between the 2.
Meanwhile, if we’re following an analog from a certain historical epoch in the markets, the indicies should be down decently (under 2%) tomorrow. That is if we go from the Dow high since only the Dow and the New York Stock composite existed back then (maybe the SP).
Interesting that the markets topped out on the final day of the year, 41 years ago.
The full moon acted as an evening star last night rising just around dusk and it stayed below Jupiter all night long. The night before the two were right next to each other all night. I have a very limited understanding of celestial mechanics so I don’t really understand the significance of this.
And to match the weather reporting over at D.E.’s, it’s been quite nice around here lately: 87 * two days ago, 84 yesterday, and today only 76 degrees. A nice respite from the harsh winter conditions. And a dry warmth so it doesn’t even seem hot. Stays warm at night too. I feel like driving out to Palm Springs like Richard Gere circa 1979.
Helluva Day.
an update on the Dragon Safety run to treasuries from 8 trading days ago.
it should hit the Fibonacci, but you just never know.
http://s14.postimg.org/nvbwkik8h/dragon_safety.png
-Gerb
It’s time to look at the 377 year cycle. (Maybe time for some PI action?) I’m calling a low for next Friday.
Notice the Australian dollar dropping to new multi-year lows lately. Risk Off time????
I believe we will bottom today and start our final rally into the first week of February to put in our final high before a 10-30% correction happens. Upside target is still 17,000 on the DOW (plus or minus a 100 points). The date it hits is important too as sometimes they can fool us sheep and go higher then we expect them too.
Blackberry charts: http://niftychartsandpatterns.blogspot.in/2014/01/blackberry-at-multiple-resistance-levels.html
SINA Corp chart analysis:http://niftychartsandpatterns.blogspot.in/2014/01/sina-corp-analysis-after-closing-bell.html
FORD Resistance levels: http://niftychartsandpatterns.blogspot.in/2014/01/ford-resistance-levels.html
Facebook chart analysis: http://niftychartsandpatterns.blogspot.in/2014/01/facebook-analysis-after-closing-bell_17.html
It is very, very important for anyone interesting in an extreme HOT pick that is coming out tomorrow a 9:30am you should email me tonight. I will not be listing this in the newsletter.
The retail ETFs making new multi-week lows today with both XRT and RTH dropping below their bollinger bands. Quite remarkeable considering retail seemed to be the strongest sector during this Fed sponsored levitation. XRT has been getting hammered harder recently but I don’t understand the difference between the 2.
Meanwhile, if we’re following an analog from a certain historical epoch in the markets, the indicies should be down decently (under 2%) tomorrow. That is if we go from the Dow high since only the Dow and the New York Stock composite existed back then (maybe the SP).
Interesting that the markets topped out on the final day of the year, 41 years ago.
The full moon acted as an evening star last night rising just around dusk and it stayed below Jupiter all night long. The night before the two were right next to each other all night. I have a very limited understanding of celestial mechanics so I don’t really understand the significance of this.
And to match the weather reporting over at D.E.’s, it’s been quite nice around here lately: 87 * two days ago, 84 yesterday, and today only 76 degrees. A nice respite from the harsh winter conditions. And a dry warmth so it doesn’t even seem hot. Stays warm at night too. I feel like driving out to Palm Springs like Richard Gere circa 1979.