Ok SkyNet, I’m going long now… are you listening? The last bear has went long… what are you going to do about it? Will you give me my money? Don’t go down now, as I’m a bull now!
The only thing that puzzles me is the fact that we’ve yet to top out and have our first wave 1 down, as usually that is complete before the Legatus meeting as most of the turns from them have been wave 3’s. So I’ve been expecting a turn down anytime now but they just don’t want to give up yet it seems.
If this keeps going then the 22nd will put in the high. But today isn’t over with yet so maybe we top today and roll over to fill the gap at 1597 in the next few days before bouncing into either the 22nd or the 29th to top for the wave 2 up.
I did hear on a real estate/mortgage loan infomercial a few months back that low FHA loan rates were set to expire on April 1 as well as low the current low mortgage insurance rate. So don’t be surprised that this front loaded housing demand into the early part of the year and that we start suddenly seeing disappointing housing numbers/ news going forward.
The infomercial sponsors were definitely trying to drive up business going into that April 1st date.
Totally Insane!
Ford bullish breakout and Resistance levels: http://niftychartsandpatterns.blogspot.in/2013/05/ford-bullish-breakout-and-resistance.html
oops….1658 already here
Insane…..
1658……1666……1700?
Big POMO Friday into Monday…..
Ok SkyNet, I’m going long now… are you listening? The last bear has went long… what are you going to do about it? Will you give me my money? Don’t go down now, as I’m a bull now!
The only thing that puzzles me is the fact that we’ve yet to top out and have our first wave 1 down, as usually that is complete before the Legatus meeting as most of the turns from them have been wave 3’s. So I’ve been expecting a turn down anytime now but they just don’t want to give up yet it seems.
If this keeps going then the 22nd will put in the high. But today isn’t over with yet so maybe we top today and roll over to fill the gap at 1597 in the next few days before bouncing into either the 22nd or the 29th to top for the wave 2 up.
APPLE Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/05/apple-chart-analysis_15.html
ES at channel resistance: http://niftychartsandpatterns.blogspot.in/2013/05/es-at-channel-resistance.html
May 22nd?
I learned to never say ‘never’.
patience is key.
I think the upper bounds have certainly been hit like in 2012, but it can hug the high line and run even higher. only time will tell.
http://stockcharts.com/h-sc/ui?s=SSO&p=D&yr=1&mn=7&dy=0&id=p30382939504
I did hear on a real estate/mortgage loan infomercial a few months back that low FHA loan rates were set to expire on April 1 as well as low the current low mortgage insurance rate. So don’t be surprised that this front loaded housing demand into the early part of the year and that we start suddenly seeing disappointing housing numbers/ news going forward.
The infomercial sponsors were definitely trying to drive up business going into that April 1st date.