SAN, are you having any success trading this sideways market? I personally can’t wait until this bull dies as no one seems to be trading it except daytraders… and I’d bet even those guys are tired of it.
Morning Update: It’s should be quite obvious now that “they” aren’t going to let this market sell off any until after they have put in a double top minimum, but more likely an all time new high. I do not believe that this move up to a high of 1503.23 SPX this morning is the end of this rally.
Maybe they close negative today but they seem very determined to push this up higher. Again, I”m not touching a short until Legatus. At that point I hope we are above 1574 so the crash later this year will have the greatest odds.
I say that because most large crashes in the past had a blow off new high top put in shortly before the crash (shortly meaning several months or even a year). So if we are to have a crash this August or so, then we need that new high around now.
Then we can start the first wave down after Legatus and then setup the market for a nice wave 3 down later this summer. We should see a move down prior to that as well as we will need to setup the first wave one down inside that wave 3 down. It’s coming… I can feel it.
That penny stock had a good stretch out of beach this morning but flopped right back into bed…
RED, This Grinding up move continues to bore both Analyst and Traders. But expecting this up move to end shortly as price nears the resistance line.
SAN, are you having any success trading this sideways market? I personally can’t wait until this bull dies as no one seems to be trading it except daytraders… and I’d bet even those guys are tired of it.
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2013/01/s-500-analysis-after-closing-bell_29.html
We haven’t seen this kind of action since the days before the 1987 crash… Hmmm!
https://mr-topstep.com/index.php/multimedia/video/latest/closing-print-1-28-2013
I feel your boredom and second it… anyone for thirds?
{yawn}
Pretty exciting day today huh gang? LOL
CRUDE Oil chart analysis: http://niftychartsandpatterns.blogspot.in/2013/01/crude-oil-channel-and-range.html
Morning Update: It’s should be quite obvious now that “they” aren’t going to let this market sell off any until after they have put in a double top minimum, but more likely an all time new high. I do not believe that this move up to a high of 1503.23 SPX this morning is the end of this rally.
Maybe they close negative today but they seem very determined to push this up higher. Again, I”m not touching a short until Legatus. At that point I hope we are above 1574 so the crash later this year will have the greatest odds.
I say that because most large crashes in the past had a blow off new high top put in shortly before the crash (shortly meaning several months or even a year). So if we are to have a crash this August or so, then we need that new high around now.
Then we can start the first wave down after Legatus and then setup the market for a nice wave 3 down later this summer. We should see a move down prior to that as well as we will need to setup the first wave one down inside that wave 3 down. It’s coming… I can feel it.