I think you are good into the gap. Probably a head fake above that. If we go down it will be from there. Everyone is looking at the gap. It is the fib 50 and consolidation pt as well. Thats why I expect a headfake.
It's not looking good for us bears Newbear. If it doesn't fall hard tomorrow, I do believe we will go to 112.41 by next Friday. A flat or slightly down day would be considered bullish. We need a big sell off or the bears are dead for now.
My GUESS is that we fill the gap tomorrow or Monday on the NAZ then either consolidate or drop. The 15 min chart is still strong and reliable for the NAZ.
CPT nailed this one. I have to give it to him. He blew the right shoulder call but he has made a ton of Robert Dinero lately.
who is going to win the world cup? Easy….these guys are know for lots of great calls, and used their software program to help out.
http://www.forecastfortomorrow.com/news/2010/07…
I think you are good into the gap. Probably a head fake above that. If we go down it will be from there. Everyone is looking at the gap. It is the fib 50 and consolidation pt as well. Thats why I expect a headfake.
But you cannot predict only respond.
I agree 100% with that Newbear… it either sells off hard tomorrow, or the market is going to turn higher for quite awhile.
Dow Jones analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010…
Here is Atilla's take on the market and so far he's been dead on:
2- If there will be a pullback to test the lows, it will come right here not higher.
If this market goes higher from here, it will not come back.
It's not looking good for us bears Newbear. If it doesn't fall hard tomorrow, I do believe we will go to 112.41 by next Friday. A flat or slightly down day would be considered bullish. We need a big sell off or the bears are dead for now.
Just like 1999.
I was long spy and apple yesterday and reversed positions, it was painful, I shorted off the open and had to cover again. Just should have stayed put.
My GUESS is that we fill the gap tomorrow or Monday on the NAZ then either consolidate or drop. The 15 min chart is still strong and reliable for the NAZ.
CPT nailed this one. I have to give it to him. He blew the right shoulder call but he has made a ton of Robert Dinero lately.
No, the FP is for 112.41 spy, which would be the likely target for next Friday (opx), should the market not turn down tomorrow.
http://reddragonleo.com/wp-content/uploads/2010…