I am not so sure this decline is done yet. Most indices rallied up to their lower BBs and today’s rally was quite muted. And I don’t get a sense that many are bearish here and I do see a lot of calls for a rally. In the golden bull days, we would see a nice ramp tomorrow….
But the 4 letter morning guy while doing a parody/skit on Bobby Petrino and his mistress who he also made an employee of the Arkansas Football team, had Petrino telling his mistress to schedule an appointment for Thursday at 2:15 (8x8x8 backwards) while riding his motorcycle.
The second time he did the skit, the bit about scheduling an appointment for 2:15 had been excised.
There are many numerology hits tomorrow as well.
A lot of key bearish moving average crossovers have occurred.
Part of the reason a bounce was needed was the $ndx aka Apple 100 and Apple had been lagging the downmove and only got to their lower BBs yesterday and a bounce was needed to get the midline 20day average to flatten more and possibly in a position to start heading down. The $ndx now isn’t very far from the 20 day average and Apple actually declined while the other markets rallied. I was worried what a bounce in the markets would do to Apple but the most bearish scenario occurred with Apple declining in the face of this rally.
They also have set up a storyline for Apple’s eventual grand demise.
Well, that sell off this morning didn’t last long… some how I’m not surprised.
Copper near trend line:
http://niftychartsandpatterns.blogspot.in/2012/04/copper-testing-support-levels.html
Yep I feel very confident now after going to Danerics and getting a troll confirmation sell signal.
60 min RSIs hit a very low level at yesterday’s lows and they really need another positive divergence RSI low.
I am not so sure this decline is done yet. Most indices rallied up to their lower BBs and today’s rally was quite muted. And I don’t get a sense that many are bearish here and I do see a lot of calls for a rally. In the golden bull days, we would see a nice ramp tomorrow….
But the 4 letter morning guy while doing a parody/skit on Bobby Petrino and his mistress who he also made an employee of the Arkansas Football team, had Petrino telling his mistress to schedule an appointment for Thursday at 2:15 (8x8x8 backwards) while riding his motorcycle.
The second time he did the skit, the bit about scheduling an appointment for 2:15 had been excised.
There are many numerology hits tomorrow as well.
A lot of key bearish moving average crossovers have occurred.
Part of the reason a bounce was needed was the $ndx aka Apple 100 and Apple had been lagging the downmove and only got to their lower BBs yesterday and a bounce was needed to get the midline 20day average to flatten more and possibly in a position to start heading down. The $ndx now isn’t very far from the 20 day average and Apple actually declined while the other markets rallied. I was worried what a bounce in the markets would do to Apple but the most bearish scenario occurred with Apple declining in the face of this rally.
They also have set up a storyline for Apple’s eventual grand demise.
thank god, I took some critical thinking classes in college.
he he he.
http://www.snopes.com/politics/medical/microchip.asp
That s not my version of history, its my version of the future. LOL
LIke I said, I love your version of history.
I like your version of history. No doubt.
SPX Analysis after close:
http://niftychartsandpatterns.blogspot.in/2012/04/s-500-analysis-after-closing-bell_12.html