I would dare say that ‘all those’ we both know and follow, represent <1% of the general populace out there. The mainstream think we're going up..and that there is NO chance of a major move lower.
*Although its notable MS were looking for sp'1175 (I think) by year end. They are in a minority though.
—
Bears have to take out the recent sp'1427 low..and then more importantly 1397.
If that can be done..then the door is open, until then…primary trend remains up, not least with the Euro set for a new wave higher.
From the looks of the charts we could have a small move down Thursday and/or Friday before one more rally on Monday and then topping tail peak on Tuesday morning. After that I do think it’s down hill for awhile. How low is anyone’s guess, but since it’s not likely Bernanke will add QE4 on the FOMC meeting on the 23rd and 24th, that alone should cause the traders to sell and take some profits.
Thanks for the link. Belkin is awesome. Glad to see he and I think alike. Definitely this earnings season is going to disappoint. All sorts of economic indicators have been falling off a cliff since June/July for the US and it will be showing up in the earnings.
He’s a little expensive though. Back in the early 2000s, he charged $30,000 a year.
Come to the latest post Tu Sense…
http://reddragonleo.com/2012/09/23/will-the-illuminati-stage-another-false-flag-this-october-to-start-a-war/#disqus_thread
SPX Analysis after close: http://niftychartsandpatterns.blogspot.in/2012/10/s-500-analysis-after-closing-bell_18.html
hey Red.
re: ‘so many on the same side’.
I would dare say that ‘all those’ we both know and follow, represent <1% of the general populace out there. The mainstream think we're going up..and that there is NO chance of a major move lower.
*Although its notable MS were looking for sp'1175 (I think) by year end. They are in a minority though.
—
Bears have to take out the recent sp'1427 low..and then more importantly 1397.
If that can be done..then the door is open, until then…primary trend remains up, not least with the Euro set for a new wave higher.
Anyone know why it would be difficult to post this information, is gov’t censoring?
Just saw the SP up 5.55 pts at 1460.47…….It probably printed a +6.66 earlier in the day.
With about 15 minutes left in the trading session, Russell 2000 is up 6.66 at 842.
ES Trend update: http://niftychartsandpatterns.blogspot.in/2012/10/es-trend-update.html
From the looks of the charts we could have a small move down Thursday and/or Friday before one more rally on Monday and then topping tail peak on Tuesday morning. After that I do think it’s down hill for awhile. How low is anyone’s guess, but since it’s not likely Bernanke will add QE4 on the FOMC meeting on the 23rd and 24th, that alone should cause the traders to sell and take some profits.
APPLE Chart update: http://niftychartsandpatterns.blogspot.in/2012/10/apple-chart-update_17.html
Thanks for the link. Belkin is awesome. Glad to see he and I think alike. Definitely this earnings season is going to disappoint. All sorts of economic indicators have been falling off a cliff since June/July for the US and it will be showing up in the earnings.
He’s a little expensive though. Back in the early 2000s, he charged $30,000 a year.