S&P/Nasdaq The indices continue on a sell signal Today, we again show the Head and Shoulders formation on the S&P Based on cycles, we think that it is too early for a breakdown However, as mentioned before, such a breakdown could lead the S&P down to around 900 Therefore, we continue to be careful and standing aside Our system that is not based on possible Head and Shoulders formations shows that the S&P could get as low as 1025 There are enough reasons to continue to be careful We were looking for this correction to go long, since short term cycles are bottoming If we get some technical indication of a low, we will buy – but only for a bounce into late Aug
Not sure I follow you on that one? People follow Cramer, (and yes he's wrong a lot… err, he tells the public the opposite of what he's doing), but don't we want him to tell his followers to sell?
I see more selling in the morning tomorrow, but it's possible that we rally back in the afternoon.
Do not be hard on yourself. No one knows. It amazes me how folks continually prognosticate as tho' they do. This game is like Baseball. If you are a .300 hitter your are a hall of famer. I know their have been others on this site that have tracked the bloggers. The number seems to stick.
I believe we close at 1033. Holding into the AM. Hope i don't shoot myself if i am wrong!
They do matter Monica, but learning to read them correctly is the thing I haven't mastered yet. Maybe I never will?
Let me translate – he means “I have no idea”!
I don't believe the technicals really matter.
Nenner This am.
S&P/Nasdaq
The indices continue on a sell signal
Today, we again show the Head and Shoulders formation on the S&P
Based on cycles, we think that it is too early for a breakdown
However, as mentioned before, such a breakdown could lead the S&P down to around 900
Therefore, we continue to be careful and standing aside
Our system that is not based on possible Head and Shoulders formations shows that the S&P could get as low as 1025
There are enough reasons to continue to be careful
We were looking for this correction to go long, since short term cycles are bottoming
If we get some technical indication of a low, we will buy – but only for a bounce into late Aug
I disagree eggman. I have no idea where this market is going but somebody does 🙂
If we close below 1040 there is a strong probability we go down hard through the week.
What do you mean? “The number seems to stick.”
Not sure I follow you on that one? People follow Cramer, (and yes he's wrong a lot… err, he tells the public the opposite of what he's doing), but don't we want him to tell his followers to sell?
I see more selling in the morning tomorrow, but it's possible that we rally back in the afternoon.
Do not be hard on yourself. No one knows. It amazes me how folks continually prognosticate as tho' they do. This game is like Baseball. If you are a .300 hitter your are a hall of famer. I know their have been others on this site that have tracked the bloggers. The number seems to stick.