We do a double top at 1430 last mon/tuesday, we bounced from 1372 to 1391, and you still think we need to work off oversold? I guess you could say that one the daily, but..hey, we been negative MACD on that since late September.
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You gotta be kidding me Red.
We watch this nonsense ramp non-stop from 1266 to 1474..and it still seems the bears get twitchy if we have a SINGLE down day.
I suggest you stare at a weekly chart for an hour. Especially look back to June-August 2011. We are in a multi-week decline..it really is that simple.
We went down this week..and we’re going down next week.
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Even the Wednesday decline was just 2.3% or so, that really isn’t that much. How many up days since June did we see where the market was up 2% or so? 6-8 or so, I believe.
We all know the market falls easier and faster, than it takes to rally. There is no reason why we can’t see a number of major down days in the weeks ahead.
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There is also a lot to say about the Puetz crash window, which is soon approaching, but maybe we can get into that over the weekend.
Not sure Anthony? Certainly we need to go up some to work off the oversold conditions on all the short term charts. But, the price level could actually just chop around going basically nowhere until the charts get overbought… making a big bear flag on the daily charts.
Then drop hard on Thursday and Friday. How high will we go before then? Don’t know yet, but the first level is that FP of 139.73 SPY or about 1400 SPX. Possibly then we chop some more and finally make a run up to some downward sloping trendline that should be under 1430 SPX.
Changing your mind Red? Haven’t seen any FPs, but tim first said possible 143 upside, now chop and drop possibly? Being an “11 day! they could also make Thursday ugly I was surprised we ended almost flat today
Yep… just chopped around and made a triangle. Then came to the point of the triangle into the close and left us guessing for next week. Typical of them..
Whattttttttt?
We do a double top at 1430 last mon/tuesday, we bounced from 1372 to 1391, and you still think we need to work off oversold? I guess you could say that one the daily, but..hey, we been negative MACD on that since late September.
—
You gotta be kidding me Red.
We watch this nonsense ramp non-stop from 1266 to 1474..and it still seems the bears get twitchy if we have a SINGLE down day.
I suggest you stare at a weekly chart for an hour. Especially look back to June-August 2011. We are in a multi-week decline..it really is that simple.
We went down this week..and we’re going down next week.
—
Even the Wednesday decline was just 2.3% or so, that really isn’t that much. How many up days since June did we see where the market was up 2% or so? 6-8 or so, I believe.
We all know the market falls easier and faster, than it takes to rally. There is no reason why we can’t see a number of major down days in the weeks ahead.
—
There is also a lot to say about the Puetz crash window, which is soon approaching, but maybe we can get into that over the weekend.
good wishes.
Not sure Anthony? Certainly we need to go up some to work off the oversold conditions on all the short term charts. But, the price level could actually just chop around going basically nowhere until the charts get overbought… making a big bear flag on the daily charts.
Then drop hard on Thursday and Friday. How high will we go before then? Don’t know yet, but the first level is that FP of 139.73 SPY or about 1400 SPX. Possibly then we chop some more and finally make a run up to some downward sloping trendline that should be under 1430 SPX.
Changing your mind Red? Haven’t seen any FPs, but tim first said possible 143 upside, now chop and drop possibly? Being an “11 day! they could also make Thursday ugly I was surprised we ended almost flat today
How about Thursday for a peak? It’s an “eleven” day you know…
one to two days up chop, then —
Why? Email me…
CSX at support.
http://zstock7.com/?p=7033
-70? Thought we were heading for a move up?
‘
next week dont worry about the ramps, -70pts
Yep… just chopped around and made a triangle. Then came to the point of the triangle into the close and left us guessing for next week. Typical of them..