11yr11mth11days to October 8,1998 low…………..The Trader sounds like he’s flipping bullish now and say’s he’s extremely bullish now which seems odd to me. $vix did not make new low and TLT actually rallied which surprised me since some prominent bears are even bearish bonds now.
I found another esoteric cycle connected to today. 11year 11 months 11days to October 8,2008 stock market low. It looks like a classic buying panic to me. Especially look at the Nasdaq. Hardly any pullbacks with many potential bulls waiting for a pullback that never comes and they capitulate and jump in at the wrong time. I don’t have any bullish inclinations so its hard to grasp the bullish mindset. There has been a rising wedge of a rising wedge the last few days that culminated into today’s throwover blowoff. Some other bearish topping patterns plus the Transports barely made a new high if that can be called a high and $Dax and $ftse did not make new highs like the US market and just rallied up to the highs of Friday’s red bars. (box like topping pattern potentially in the works). So we can either see the market crater tomorrow right from the get go or its help up until the Fed meeting and there is a sell the news event or a couple of days of dojis are required but it looks like upside momentum is flaming out to me. 60min RSIs are pretty high now. It would take a few days to make a divergence but I doubt 60 min RSIs had divergences at the snapback high in September 2008. Its also getting close to 1 year 11 months 11 days for October 10,2008 financial panic low (tomorrow???). Its also 3(87) tds from March lows with 396 being 66×6. Today a fibo 55tds from July 1 low.
Every time that Cable has popped its 2 Bollinger Band in the past 2 years, it saw at least short term (1 week) weakness, and often some extended downturns.
Well guess what happened just the other day?
Cable hasn’t been super correlated with SPX, but still quite correlated. And Cable represents big money flow, more than AUD/JPY.
Good luck my friend… good luck to all those brave enough to go short today or last week. We bears are either going to feast the rest of the week, or “be the feast”…
What was the word of one of your favorite bloggers, “Patience”! As soon as I saw your post, I knew we would rally hard today, nonetheless you can call me crazy, but I just fully invested my 401 K in to RYIRX. Wish me luck! lol
Commercials, the so called ‘Smart money’ is starting to go short here
http://screencast.com/t/OTc1NjIyM
11yr11mth11days to October 8,1998 low…………..The Trader sounds like he’s flipping bullish now and say’s he’s extremely bullish now which seems odd to me. $vix did not make new low and TLT actually rallied which surprised me since some prominent bears are even bearish bonds now.
I found another esoteric cycle connected to today. 11year 11 months 11days to October 8,2008 stock market low. It looks like a classic buying panic to me. Especially look at the Nasdaq. Hardly any pullbacks with many potential bulls waiting for a pullback that never comes and they capitulate and jump in at the wrong time. I don’t have any bullish inclinations so its hard to grasp the bullish mindset. There has been a rising wedge of a rising wedge the last few days that culminated into today’s throwover blowoff. Some other bearish topping patterns plus the Transports barely made a new high if that can be called a high and $Dax and $ftse did not make new highs like the US market and just rallied up to the highs of Friday’s red bars. (box like topping pattern potentially in the works). So we can either see the market crater tomorrow right from the get go or its help up until the Fed meeting and there is a sell the news event or a couple of days of dojis are required but it looks like upside momentum is flaming out to me. 60min RSIs are pretty high now. It would take a few days to make a divergence but I doubt 60 min RSIs had divergences at the snapback high in September 2008. Its also getting close to 1 year 11 months 11 days for October 10,2008 financial panic low (tomorrow???). Its also 3(87) tds from March lows with 396 being 66×6. Today a fibo 55tds from July 1 low.
Every time that Cable has popped its 2 Bollinger Band in the past 2 years, it saw at least short term (1 week) weakness, and often some extended downturns.
Well guess what happened just the other day?
Cable hasn’t been super correlated with SPX, but still quite correlated. And Cable represents big money flow, more than AUD/JPY.
http://oahutrading.blogspot.com/
S&P 500 analysis after closing bell
Not doing anything until we see 1 down day. I could be waiting for weeks…….lol
13+ points to go…
Good luck my friend… good luck to all those brave enough to go short today or last week. We bears are either going to feast the rest of the week, or “be the feast”…
What was the word of one of your favorite bloggers, “Patience”! As soon as I saw your post, I knew we would rally hard today, nonetheless you can call me crazy, but I just fully invested my 401 K in to RYIRX. Wish me luck! lol
Looks bad for the bears… should I put on my bull horns? LOL