Agreed, I'm just here make some money. If it's on the long side, then I'll go long. But, I believe it will mostly be on the short side next year. We'll see. Best of luck to both of us.
Agreed, I'm just here make some money. If it's on the long side, then I'll go long. But, I believe it will mostly be on the short side next year. We'll see. Best of luck to both of us.
I am not making bullish or bearish case for Q1. Taking it one day at a time, as it unfolds. IMO, it is best to have no bias when you read the tape. If you have a bias, you tend to look for patterns/signals that support your bias while subconsciously ignore the counter patterns/signals. I paid a lot of tears to learn that. LOL
Weekly chart is rolling over. Daily hasn't decided yet. The dollar is clearly bottom (for now) and should go up for a few months. The market is up against huge resistance from a downward sloping trend line (on Monthly, Weekly, and Daily charts), that dates back from the October 2007 high.
I'm sure you could make a bullish case too, be the overhead resistance it huge, and a correction is needed before anymore advance. (IMHO).
Seasonality wise… January – March is bad for the market, just like December is positive for the market. I'm not saying we can't go up to the 61.8% fib level around 1228 (spx), as no one knows… but a correction is needed first.
I'm thinking that's is basically going nowhere until next year. I little down, then up, or simply sideways… but nowhere in reality.
HI REd
Ive been projecting a SELL OFF from Dec 24th Dec 31
and now thinking 5% to 8%
comment at the Jaywiz blog
thanks
Jay
Wow… What I could do with $127 million dollars? It wouldn't be gambling at Vegas…that's for sure. Oh no, I'd gamble in the market. LOL!
After some additions as u wanted GS:
Bernake – Person of the Year – Time Magazine
Geithner – Beautiful person of the Year- http://www.businessinsider.com/tim-geithner-mak…
Obama – Nobel Peace Award
Madoff – Investor of the Year
Tiger Woods – Husband of the Year
Goldman Sachs – Company of the Year
Terrance Watanabe -… Gambler of the Year -http://online.wsj.com/article/SB125996714714577317.html?mod=rss_whats_news_us
Agreed, I'm just here make some money. If it's on the long side, then I'll go long. But, I believe it will mostly be on the short side next year. We'll see. Best of luck to both of us.
Wow… What I could do with $127 million dollars? It wouldn't be gambling at Vegas…that's for sure. Oh no, I'd gamble in the market. LOL!
After some additions as u wanted GS:
Bernake – Person of the Year – Time Magazine
Geithner – Beautiful person of the Year- http://www.businessinsider.com/tim-geithner-mak…
Obama – Nobel Peace Award
Madoff – Investor of the Year
Tiger Woods – Husband of the Year
Goldman Sachs – Company of the Year
Terrance Watanabe -… Gambler of the Year -http://online.wsj.com/article/SB125996714714577317.html?mod=rss_whats_news_us
Agreed, I'm just here make some money. If it's on the long side, then I'll go long. But, I believe it will mostly be on the short side next year. We'll see. Best of luck to both of us.
I am not making bullish or bearish case for Q1. Taking it one day at a time, as it unfolds. IMO, it is best to have no bias when you read the tape. If you have a bias, you tend to look for patterns/signals that support your bias while subconsciously ignore the counter patterns/signals. I paid a lot of tears to learn that. LOL
Weekly chart is rolling over. Daily hasn't decided yet. The dollar is clearly bottom (for now) and should go up for a few months. The market is up against huge resistance from a downward sloping trend line (on Monthly, Weekly, and Daily charts), that dates back from the October 2007 high.
I'm sure you could make a bullish case too, be the overhead resistance it huge, and a correction is needed before anymore advance. (IMHO).
Seasonality wise… January – March is bad for the market, just like December is positive for the market. I'm not saying we can't go up to the 61.8% fib level around 1228 (spx), as no one knows… but a correction is needed first.
Red
Thanks for the info for my mother.