You know, I never thought they would go up to 1666 as it seems way too obvious but right now they are so close that they must either stop here and reverse back down (falling short of that target) or blast through it as you suggested. I just can’t imagine them stopping right on that level. I just we’ll know in tomorrow…
Here’s a discussion of the four big economic indicators and an update of today’s industrial production numbers. It is quite a bit of information to get through so maybe only for the diehards:
Today, another “5” day…..280 td days from 4-2 high last year and 1055 tds from 3-6-9 low…..1055==5555 or 54???? Has the Tebow 15 combined with the Gann d.zone #55….
Gold dropped below its close of 4 weeks ago so there is no longer a bull flip in process and lumber continues to plummet.
Industrial production dropped in April with industrial production being one of the key components for the NBER’s recession criteria and supposedly very useful for ECRI’s leading economic indicator which supposedly it has abandoned in its recent recession calls according to former super-bear turned mega-bulltard Doug Short in his running dissings of ECRI’s calls.
Of course, Deere just lowered its outlook for the rest of the year of modest growth to actual contraction.
it is curious that many blogs I read are calling for 1666, since the low in 2009 was 666…either we blow past that or we top just a little shy….what do you guys think?
Precisely
This euphoria is way overdone, My poor futures
You know, I never thought they would go up to 1666 as it seems way too obvious but right now they are so close that they must either stop here and reverse back down (falling short of that target) or blast through it as you suggested. I just can’t imagine them stopping right on that level. I just we’ll know in tomorrow…
Here’s a discussion of the four big economic indicators and an update of today’s industrial production numbers. It is quite a bit of information to get through so maybe only for the diehards:
http://www.advisorsperspectives.com/dshort/updates/Big-Four-Economic-Indicators.php
SP high at 1661 just as good as 1666……Probably means the same thing……Flash crash occurred week 61 off the 3-6-9 low…..
Today, another “5” day…..280 td days from 4-2 high last year and 1055 tds from 3-6-9 low…..1055==5555 or 54???? Has the Tebow 15 combined with the Gann d.zone #55….
Gold dropped below its close of 4 weeks ago so there is no longer a bull flip in process and lumber continues to plummet.
Industrial production dropped in April with industrial production being one of the key components for the NBER’s recession criteria and supposedly very useful for ECRI’s leading economic indicator which supposedly it has abandoned in its recent recession calls according to former super-bear turned mega-bulltard Doug Short in his running dissings of ECRI’s calls.
Of course, Deere just lowered its outlook for the rest of the year of modest growth to actual contraction.
it is curious that many blogs I read are calling for 1666, since the low in 2009 was 666…either we blow past that or we top just a little shy….what do you guys think?
Come on you bulls out there… buy this dip! LOL!
LOL… I’m going long with you Rod! Wink Wink…
I’m going long now. Just to make sure the market, ummm… goes up