Red

The market is following the double ninen model to a T.   Maybe a pop of a few more points on Monday.

Trin 5 should get low on Monday when last Friday’s number gets wiped off the books.

A 66 point pop off the lows so far.

GOLD Ascending triangle breakout: http://niftychartsandpatterns.blogspot.in/2012/11/gold-ascending-triangle-breakout.html

I am not worried with my short position for next week. What goes up, will come down.

Almost 70 spx points straight up in 5 days without any pullbacks… and some people still think the market isn’t manipulated and controlled.  LOL

SPY Trend update: http://niftychartsandpatterns.blogspot.in/2012/11/spy-trend-update.html

I fully agree with you Red, I am going fully short here. Looking for some kind of good down draft into early next week.

QQQ Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/11/qqq-chart-analysis_23.html

Today will likely be the top for the market.  I see a FP of 140.32 SPY, which could be the close today?  If so, then the daily chart will have a nice topping tail candle on it, and allow for a gap down on Monday.  That would really be sweet… and a surprise to most.

Wow- They’re really stretching this rally

Happy T day – looks like we gotta nice wave up for next week to bring er down, but fiscal cliff news will trump it all. They could do what Obama said last week, and pass a partial fix for tax rate on the middle class. That would send markets way up. If ther eis stalemate, look for the wave down….its gonna be sketchy…..