Not unless the charts line up together pointing up. The only thing they have done all week long is to work off their oversold conditions. By tomorrow sometime the 4hr, 2hr, 60min charts on both the ES and the SPX will become overbought. Then they will all rollover together and a nasty move down should start.
I’m already give free access? You mean the coming members section with the penny stocks? I’ll be giving them free for about a month away. Got one coming up soon, probably will start it’s run up on Monday and last about 3 days. I’ll talk more about it tomorrow or Friday so anyone that wants to can get in before the run up.
As for my prediction for today… the charts are all mixed right now with some pointing up and some pointing down. I’m not sure where we are going today, but I’m going to say about flat. But by tomorrow the 4hr chart we be ready to rollover and Thursday afternoon and Friday we should see a wave down.
this is a goldman sachs operative. so he could be lying!-=-
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In light of the fractious environment, O’Neil sees a market shock as a necessary precondition to a congressional bargain, noting that
“… without a sense of drama, Congress is not likely to come up with a credible deal.”
This seems to be O’Neil’s way of putting a positive spin on what he calls two “worrying” developments in the S&P 500 charts:
“… a quick glance at the S&P charts suggested to me a pattern forming not dissimilar to the one formed in the early Summer of 2012, or more worryingly, that of the Summer of 2011, i.e. the spot price and its 21-day moving average had dropped below the 50-day.”In O’Neil’s view, this appears to be a sign that the market is headed lower in the short term, a development which he apparently believes will be just the shot in the arm Congress needs to strike a deal.
Not unless the charts line up together pointing up. The only thing they have done all week long is to work off their oversold conditions. By tomorrow sometime the 4hr, 2hr, 60min charts on both the ES and the SPX will become overbought. Then they will all rollover together and a nasty move down should start.
I’m already give free access? You mean the coming members section with the penny stocks? I’ll be giving them free for about a month away. Got one coming up soon, probably will start it’s run up on Monday and last about 3 days. I’ll talk more about it tomorrow or Friday so anyone that wants to can get in before the run up.
As for my prediction for today… the charts are all mixed right now with some pointing up and some pointing down. I’m not sure where we are going today, but I’m going to say about flat. But by tomorrow the 4hr chart we be ready to rollover and Thursday afternoon and Friday we should see a wave down.
We may get a surprise day, maybe 1405 sp LOL
QQQ Positive divergence: http://niftychartsandpatterns.blogspot.in/2012/11/qqq-positive-divergence.html
might be another pup and dump day
Microsoft Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/11/microsoft-chart-analysis.html
Red, how about a little excitement here. First thing in the morning, we all predict the closing price of the sp 500
Every one has to put in their prediction by 10 AM The winner gets free access to your blog for a month. LOL
CSCO bringing up china in overseas…already brought up the QQQ in our after hours
this is a goldman sachs operative. so he could be lying!-=-
-=-
In light of the fractious environment, O’Neil sees a market shock as a necessary precondition to a congressional bargain, noting that
“… without a sense of drama, Congress is not likely to come up with a credible deal.”
This seems to be O’Neil’s way of putting a positive spin on what he calls two “worrying” developments in the S&P 500 charts:
“… a quick glance at the S&P charts suggested to me a pattern forming not dissimilar to the one formed in the early Summer of 2012, or more worryingly, that of the Summer of 2011, i.e. the spot price and its 21-day moving average had dropped below the 50-day.”In O’Neil’s view, this appears to be a sign that the market is headed lower in the short term, a development which he apparently believes will be just the shot in the arm Congress needs to strike a deal.
MSFT
http://zstock7.com/?p=7046