Well, let’s all support the bulls here as if we bears want to see a crash we need these dumb bulls to make a new all time high. I’d like to see that happen going into Legatus…
Unbelievable! They still won’t let this market sell off any! Even with the Apple miss and afterhours sell off the only index down is the Nasdaq now. I’ll be glad when is crap is over with in a few more weeks.
The next three weeks will be choppy with the primary targets being
the weeks of 01/28, 02/11, and 03/11. We have Weekly Bullish Reversals
at 1365810 and 1369790. These define the overhead resistance. The Weekly
Bearish start at 1309150. Our Minor Month Bullish Reversal stands at
1333180 while the Majors are 1399470, 1412110, and 1428000 just above
the 2007 high. The Yearly Bullish Reversal still stands at 1333825. This
was not elected at the close of 2012 and remains initial resistance
during 2013. Major support for 2013 lies at 1102500-1060500 with initial
yearly support at 1165500.
The Daily Bearish Reversals at 1330955, 1329335, 1312900, and
1309480. The key days ahead will be 01/23 with high volatility starting
01/24.
I am looking at this possibility playing out within the next three
trading days. A break of 1483 level may lead all the way down to the
1455 area. From their I may go back long to the up side again. I am not a
bull nor a bear. I just take what Mr Market will give me. We will have a
few days of whip saws, great for swing traders.
All the best every one.
Since Apple is selling off after weak earnings afterhours I suspect that we’ll go down tomorrow and possibly start that first “wave 1” down with a “wave 2” up that concludes into Legatus. This also assumes that the high is in now and that they don’t plan on going up to take out 1500 on the SPX.
It still bugs me that they haven’t been able to put in a new “all time” high yet as I feel that will be needed if they plan to crash the market later this summer. Maybe we have the sell off after Legatus and bottom by the end of February and then we rally back up to put in that all time new high? Stranger things have happened?
If that’s not the plan then maybe they along sell off for a couple of days here and then turn this back up and continue the rally into Legatus? It’s really hard too figure out right now as the charts are useless. Everything is overbought, but it doesn’t matter…
Well, let’s all support the bulls here as if we bears want to see a crash we need these dumb bulls to make a new all time high. I’d like to see that happen going into Legatus…
the dump only happened on nq, and /tf & /es did not last that long. still think down tomorrow. on the other hand safe short is dow 14k and sp1503
did not last that long
Unbelievable! They still won’t let this market sell off any! Even with the Apple miss and afterhours sell off the only index down is the Nasdaq now. I’ll be glad when is crap is over with in a few more weeks.
APPLE Chart update: http://niftychartsandpatterns.blogspot.in/2013/01/apple-chart-analysis.html
MICROSOFT Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/01/microsoft-chart-analysis.html
This is a man I have a great respect for. Red, another piece of the puzzle for you.
From Martin Armstrong
Posted on January 17, 2013
The next three weeks will be choppy with the primary targets being
the weeks of 01/28, 02/11, and 03/11. We have Weekly Bullish Reversals
at 1365810 and 1369790. These define the overhead resistance. The Weekly
Bearish start at 1309150. Our Minor Month Bullish Reversal stands at
1333180 while the Majors are 1399470, 1412110, and 1428000 just above
the 2007 high. The Yearly Bullish Reversal still stands at 1333825. This
was not elected at the close of 2012 and remains initial resistance
during 2013. Major support for 2013 lies at 1102500-1060500 with initial
yearly support at 1165500.
The Daily Bearish Reversals at 1330955, 1329335, 1312900, and
1309480. The key days ahead will be 01/23 with high volatility starting
01/24.
I am looking at this possibility playing out within the next three
trading days. A break of 1483 level may lead all the way down to the
1455 area. From their I may go back long to the up side again. I am not a
bull nor a bear. I just take what Mr Market will give me. We will have a
few days of whip saws, great for swing traders.
All the best every one.
Since Apple is selling off after weak earnings afterhours I suspect that we’ll go down tomorrow and possibly start that first “wave 1” down with a “wave 2” up that concludes into Legatus. This also assumes that the high is in now and that they don’t plan on going up to take out 1500 on the SPX.
It still bugs me that they haven’t been able to put in a new “all time” high yet as I feel that will be needed if they plan to crash the market later this summer. Maybe we have the sell off after Legatus and bottom by the end of February and then we rally back up to put in that all time new high? Stranger things have happened?
If that’s not the plan then maybe they along sell off for a couple of days here and then turn this back up and continue the rally into Legatus? It’s really hard too figure out right now as the charts are useless. Everything is overbought, but it doesn’t matter…