A quick move down to the first set of moving averages around 1115, and then a bounce back up to close April opx somewhere above that level (which wipes out the longs on the move down, and the shorts on the move back up), is what makes the most sense.
Maybe back to 1140-1150 area by the 16th? Then another fall down to 1078 within the next 2 weeks, which would definitely have lots of bears jumping on the short side.
Perfect way to clean house on both sides, and take everyone's money. I got fooled that last time, even though I caught the print (http://reddragonleo.com/2010/01/11/97-point-drop/) over a month in advance of the fall.
I didn't listen to it, and fell into the trap. That time it was their fault (as I didn't know it was real), but if I do it again… it's my fault!
I'll be going long with you, once we hit the 1078 area. However, I do expect an intraday pierce though, as the other one went to 1044.50… a little past the 1047 print.
I'll still be a bear at heart, but in a bull suit for awhile. Bears don't get fed too often you know, and I'm tired of hunting for fish in a still pond.
You're starting to get it Red…the market is a beautifully choreographed dance
the DOW 10k print is the indication of the on coming back test of the gold weekly containment pt. which will be in that area by the end of April
I'll be the lone bull, once we reach the de-leverage pt. The operators used the Greek BS to sucker all the bears last time. Who knows what Armageddon story they'll use this time, but mind controlled fools never learn.
The TA enthusiasts will proclaim massive H&S, EWavers will say 100% P3 this time, cycle gurus will be waiting for their infinite cycles to work. All of them will be wrong again, for the Nth time.
Trade with the regulators and you'll be around this rodeo for a while…
Are you saying that “if” we start falling, the lower trendline currently at 95.20 (which will rise by the time we get there) is the lower target?
What about the 10K print? Granted we could pierce through it, but even still… DOW 10k would still be around DIA 100 wouldn't it? I guess the trendline could be up around that area by then… which would make the most sense.
If 10k breaks, I don't think the market will go back up. I do think it will hold though, as those prints are quite accurate. Then we should expect a slow grind back up to DIA 118.16, throughout the summer months.
I'm just wondering if the Lega**s event will be a bottom (like it was when we hit 1045 in Feb), or a top? I think it will be a bottom. It scheduled for the week of September 10th… I believe.
Putting the pieces together… that's the tough part…
friday's bullish bias was initiated with a gap over red containment Should monday have a downward bias, it should be initiated with a gap below daily containment (117.62) http://www.flickr.com/photos/47091634@N04/44900…
When does the 10 year T-bill hit 4% Monday? fed can't have that You will wake up Future will be down T-bills ralling, What Int.Rate will the fed be happy with?
A quick move down to the first set of moving averages around 1115, and then a bounce back up to close April opx somewhere above that level (which wipes out the longs on the move down, and the shorts on the move back up), is what makes the most sense.
Maybe back to 1140-1150 area by the 16th? Then another fall down to 1078 within the next 2 weeks, which would definitely have lots of bears jumping on the short side.
Perfect way to clean house on both sides, and take everyone's money. I got fooled that last time, even though I caught the print (http://reddragonleo.com/2010/01/11/97-point-drop/) over a month in advance of the fall.
I didn't listen to it, and fell into the trap. That time it was their fault (as I didn't know it was real), but if I do it again… it's my fault!
I'll be going long with you, once we hit the 1078 area. However, I do expect an intraday pierce though, as the other one went to 1044.50… a little past the 1047 print.
I'll still be a bear at heart, but in a bull suit for awhile. Bears don't get fed too often you know, and I'm tired of hunting for fish in a still pond.
You're starting to get it Red…the market is a beautifully choreographed dance
the DOW 10k print is the indication of the on coming back test of the gold weekly containment pt. which will be in that area by the end of April
I'll be the lone bull, once we reach the de-leverage pt. The operators used the Greek BS to sucker all the bears last time. Who knows what Armageddon story they'll use this time, but mind controlled fools never learn.
The TA enthusiasts will proclaim massive H&S, EWavers will say 100% P3 this time, cycle gurus will be waiting for their infinite cycles to work. All of them will be wrong again, for the Nth time.
Trade with the regulators and you'll be around this rodeo for a while…
Are you saying that “if” we start falling, the lower trendline currently at 95.20 (which will rise by the time we get there) is the lower target?
What about the 10K print? Granted we could pierce through it, but even still… DOW 10k would still be around DIA 100 wouldn't it? I guess the trendline could be up around that area by then… which would make the most sense.
If 10k breaks, I don't think the market will go back up. I do think it will hold though, as those prints are quite accurate. Then we should expect a slow grind back up to DIA 118.16, throughout the summer months.
I'm just wondering if the Lega**s event will be a bottom (like it was when we hit 1045 in Feb), or a top? I think it will be a bottom. It scheduled for the week of September 10th… I believe.
Putting the pieces together… that's the tough part…
DIA weekly contianments pts.
http://www.flickr.com/photos/47091634@N04/44905…
purple line = 109.51
High of DIA= 109.58
juicy juicy setups…
I like it! Let's get the party started! LOL!
here's some steak for all you bears…
$DJI de-lever tick of 10k, which should correlate to the $SPX 1078 de-leverage area
http://www.flickr.com/photos/47091634@N04/44900…
SPY daily containment update
friday's bullish bias was initiated with a gap over red containment
Should monday have a downward bias, it should be initiated with a gap below daily containment (117.62)
http://www.flickr.com/photos/47091634@N04/44900…
for those trading the IWM
Daily containment update
http://www.flickr.com/photos/47091634@N04/44893…
for the downward thrust to accelerate IWM will need to take out the green & gray containment pts. (66.80-66.40)
When does the 10 year T-bill hit 4% Monday? fed can't have that
You will wake up Future will be down T-bills ralling,
What Int.Rate will the fed be happy with?
I added your link in my blogroll and added a google translate button too.