Ive been expecting such a day, and since NO one NOW expects any downside activity the rest of this year ::
I think you get my drift.
Benner is looking as some others for an Inaugeration crash - IM HERE TO TELL YOU that WILL NOT HAPPEN
In fact after Jan 5th the mkt is poised UP thru mid Feb to start- Im sure Ive written that b4
A 300 tr day culmination of the correction is about to occur this week
taek your pick from Oct 9 to 12, 2007
Monday = 299 Oct 9th
Fri = 299 Oct 12 & 300 Oct 11
I THINK I expect Monday to duplicate Dec 1st or better
IF so, then EXPECT Tuesday to rebound into part of the 17th where it should TURN lower into Friday at 12:25
That should be the final LOY, and maybe lower than NOV 21st, maybe not, but it should be close
Jay
3 comments:
Jay,
Thanks for answering about Inauguration Crash. I saw that prediction by a few and I wasn't sure.
I see upside into inauguration, some sideways till early February and then a sell-off into late Feb. Then a grind up into June/July.
You had indicated higher into December 2009, but I see period between July and November quite bad. Besides, I am expecting blowup in treasury market during that time, which won't be good for stocks.
Regarding this week, I had expected downside on Friday, Monday, a sideways Tuesday. Well...
I met a few high net worth people at a party yesterday who were quite adamant about how the market will reach 1,000+ before the end of the year. And that was a telltale.
BTW, Bradley Model indicates a lower low later this week.
In the mean time, here're 2 interesting links:
http://tradepostings.blogspot.com/2008/12/ghost-of-christmas-past-1990.html
http://yorba.tv/archive-2008-12-118-1-start.htm
And Tony C (2nd link) seems to think that if we go below 8,100, then we could reach as low as 6,800.
Not selling off.
Reevaluating charts to see what I am interpreting wrong.
Jay,
How about some daily updates on the pressure reading again?
You did extremely good when you focused on those.
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