didn't make new highs while everything else did today
it's got a daily containment declining and it will be in the low 16.40's tomorrow so if there is any new highs it will be limited it needs to backtest a daily containment pt. that it broke through on 3.5.2010 it's currently @ 14.79 and declining daily
GS tested the high 169's again this morning, 1 or 2 more hits & the dam will break
price levels don't mean anything to me, containment pts. provide the structure, $DJI is @ purple containment on the weekly now so it's spinning it's tires now
$SPX high is within the 5 pt. slippage of the purple weekly contianment
I'll put it this way, I'll be surprised if the downward thrust is not initiated this week. The operators are going to bait the perma-bears good and scare the perma-bulls out. $DJI currently has 5 consecutive higher weekly closes than opens. The last time $DJI terminated it's weekly consecutive close sequence @ 5 was the 10/8/07 (07' high) week. Uni-directional moves like we had in March will likely get retraced in a uni-directional manner. Then the TA enthusiasts will see H&S and what ever else their mind controlled eyes are trained to see.
The operators don't do this for free…bills need to get paid
So what are your thoughts on reaching 11,000? Nothing concrete… just feelings. I guess I mean… that based on your knowledge and indicators, do you see the market correcting from about here, or pushing on up to the next level?
Just tell me what your gut tells you about the rest of the week or month…
didn't make new highs while everything else did today
it's got a daily containment declining and it will be in the low 16.40's tomorrow so if there is any new highs it will be limited
it needs to backtest a daily containment pt. that it broke through on 3.5.2010 it's currently @ 14.79 and declining daily
GS tested the high 169's again this morning, 1 or 2 more hits & the dam will break
Let's have a vote here gang… How many of you want the debasement to be an “event” versus a “process”?
I vote for “event”!
Anything thoughts about XLF
Thanks
Grade: C —- LOL! Hell, I'll give him an A+ for not losing in money!
Carl at day’s end:
1169-1182 estimate for today (13 points)
1174.50 -1183.75 actual today (9.25 points)
Carl was a bit low today
Trades: no trades today
Grade: C didn’t lose any money
Whenever a trade goes against me, I re-examine the indicators. I am still short oil via DTO, and here's the main reason I am still in the trade:
http://www.screencast.com/users/dreadwin/folder…
today's higher close than open on the IYR terminated it's daily consecutive close sequence @ 6.
AAPL got it's higher close than open terminating it's consecutive close sequence @ 4
if the debasement is going to be a process rather than an event, the process should start this week with the initiation tomorrow
price levels don't mean anything to me, containment pts. provide the structure, $DJI is @ purple containment on the weekly now so it's spinning it's tires now
$SPX high is within the 5 pt. slippage of the purple weekly contianment
I'll put it this way, I'll be surprised if the downward thrust is not initiated this week. The operators are going to bait the perma-bears good and scare the perma-bulls out.
$DJI currently has 5 consecutive higher weekly closes than opens.
The last time $DJI terminated it's weekly consecutive close sequence @ 5 was the 10/8/07 (07' high) week.
Uni-directional moves like we had in March will likely get retraced in a uni-directional manner. Then the TA enthusiasts will see H&S and what ever else their mind controlled eyes are trained to see.
The operators don't do this for free…bills need to get paid
So what are your thoughts on reaching 11,000? Nothing concrete… just feelings. I guess I mean… that based on your knowledge and indicators, do you see the market correcting from about here, or pushing on up to the next level?
Just tell me what your gut tells you about the rest of the week or month…
Thanks
HOD so far is right at the TL