today ends flat to slightly lower, for OPX Tuesday that is pretty crummy, which tells me that we end around as I mentioned 118 to 119 on SPY for OPX. Google estimate 6.58 whisper 6.73 Will do videos on Optionsblackboard.com on AMZN for up to earnings…
Good to hear from you. I hope all is well on your site, you guys have all been making some dough. Personally, I suck at calling this market, but I'm excellent at losing money… so just ask if you want to know how. LOL
I'd agree with you that I think would should sell off next week, but I said that this week, last week, the week before that, and the week before that, etc…
One day I'll be right… and of course I'll be long that day!
ERIK hADIK POINTS OUT EVERY APRIL THAT THE 19TH has a treacherous history The energy that follows after the 19th thru May 4th confirms,IMO< we could see the balloon burst during this time period. The ARMS index for the last 7days IS WAY OVERBOT 10day is at a VERY LOW 642 Ive been tracking it for 7 years, and have never seen the 10day that low I still have potential for 11,200 this week as the MATH @ 62% retrace suggests, but it doesnt have to. I see no reason to chase 200 pts, when IMO< IM expecting a repeat of APRIL2000 THere is a MEETING of negative ENERGY on April26 and again on May 3rd to 6th which NOW, once May4th arives, we must make sure we dont STAY in negative mode, even tho we will be enjoying its benefits. IT WONT LAST and the normal rebound will taek over. Jay
That's that support line from 1044.50 spx. I don't see it breaking this week. When it does, the bulls are in trouble. But for now, I think we melt higher into Friday.
$SPX
3.14.2007 : 6.1.2007 81 days (12.94% upward thrust led to 3.4% correction, which led to sideways trading for the next 39 days)
2.5.2010 : ???????? April 27 =81 days
April 23 = 77 days (co-relational to 9.23.2009 high)
April 24 = 78 days (co-relational to 1.19.2010 high)
I think Carl outsmarted Carl today. He got stopped out, and didn't get back in when things finally went his way. He had the right idea.
Day's not over, so anything can happen 🙂
today ends flat to slightly lower, for OPX Tuesday that is pretty crummy, which tells me that we end around as I mentioned 118 to 119 on SPY for OPX.
Google estimate 6.58 whisper 6.73 Will do videos on Optionsblackboard.com on AMZN for up to earnings…
Hey Jay…
Good to hear from you. I hope all is well on your site, you guys have all been making some dough. Personally, I suck at calling this market, but I'm excellent at losing money… so just ask if you want to know how. LOL
I'd agree with you that I think would should sell off next week, but I said that this week, last week, the week before that, and the week before that, etc…
One day I'll be right… and of course I'll be long that day!
ERIK hADIK POINTS OUT EVERY APRIL THAT THE 19TH has a treacherous history
The energy that follows after the 19th thru May 4th confirms,IMO< we could see the balloon burst during this time period.
The ARMS index for the last 7days IS WAY OVERBOT
10day is at a VERY LOW 642
Ive been tracking it for 7 years, and have never seen the 10day that low
I still have potential for 11,200 this week as the MATH @ 62% retrace suggests, but it doesnt have to.
I see no reason to chase 200 pts, when IMO< IM expecting a repeat of APRIL2000
THere is a MEETING of negative ENERGY on April26 and again on May 3rd to 6th which
NOW, once May4th arives, we must make sure we dont STAY
in negative mode, even tho we will be enjoying its benefits.
IT WONT LAST
and the normal rebound will taek over.
Jay
That's that support line from 1044.50 spx. I don't see it breaking this week. When it does, the bulls are in trouble. But for now, I think we melt higher into Friday.
LOD may be in *if* the bull structure is to continue
Orange (VST containment) has supported $SPX on the daily since the origin of the upward thrust 2.12.2010
Today it's in the 1188.50 area
http://www.flickr.com/photos/47091634@N04/45182…
Carl has revised his range for today downwards 7-8 points.
1188-1200 original estimate for today (12 points)
revised to 1181-1192 (11 points)
Maybe he got let go from GS 🙂
Lately it seems Carl trades not at all, or poorly.