As you can see by all the charts, this market is heading down in the short term. Maybe June will turn back up, but it's looking bad for May.
The first spot I'd go long at is 115.00 spy, for a several day swing trade. I'd have to re-evaluate the charts at that time, but I'd say that it's going to head lower after the bounce.
I have a fake print of 107.38 spy, and Sundancer caught a fake print of DOW 10,000… meaning that we are going down to that level before breaking out above the current high.
We also have another fake print of DIA 118.16 (about DOW 11,816), which I think will be the final high of this P2 rally, probably hitting there in August or September.
The Index charts have me worried about next week too! Bottom fishing, ( most beaten down) is like pulling teeth. I get one or two up days, and then the 3rd day, I get a lower low.
There u go, Red.
http://www.cenegenics.com/
I smell conspiracy. Goldman got hauled in front of Congress and guess who disappeared too? hmmmm… hey, Lyold, is that you? hehe
Wow…what happened here. Great new look, Red. Loved the lighting strike at the preload! Keep up the good work!
I'm getting old girl… guys need a face lift too! LOL.
By the way, I watched your video's and they are very good, and informative. Keep them up, I'm always learning something new from you.
New videos and update on Hotoptionbabe.com Looks like a face lift Red…good for you
http://hotoptionbabe.com/2010/05/02/more-videos…
Thanks Sun…
We all missed you. Glad you like the new look. I put a video up too… explaining the site changes. Be sure to watch it.
Red
I like the new look!!!!!!
I took a vacation last week after we printed the top on 4.26
Good news for the bears, the upward gyration on Wednesday & Thursday is going to tilt the odds heavily towards a deep downward thrust.
I'll give some more details after I open the database up tomorrow.
Well Z,
As you can see by all the charts, this market is heading down in the short term. Maybe June will turn back up, but it's looking bad for May.
The first spot I'd go long at is 115.00 spy, for a several day swing trade. I'd have to re-evaluate the charts at that time, but I'd say that it's going to head lower after the bounce.
I have a fake print of 107.38 spy, and Sundancer caught a fake print of DOW 10,000… meaning that we are going down to that level before breaking out above the current high.
We also have another fake print of DIA 118.16 (about DOW 11,816), which I think will be the final high of this P2 rally, probably hitting there in August or September.
After that… well that's another story.
The Index charts have me worried about next week too!
Bottom fishing, ( most beaten down) is like pulling teeth. I get one or two up days, and then the 3rd day, I get a lower low.
I think Floirda has great potential though. So much beautiful coast line.
It looks to me a gap down tomorrow. I'm going long if it closes down tomorrow. I feel we afre going to close at new highs very very soon. IMO