very NEGATIVE Futures at 8:30 are abating some
17th and 18th fall on EXTREMES of the tidal range, thus we should see a wide ranging day today
However, any rebound off open lows does not change the forecast for
WEd - Friday
WEd & Thurs still down sharply, with a strong recovery Friday
What about next week ? You ask. Gee, you sure are in a hurry {g}
Any high gained this week is still under pressure and the mkt is still in down mode till
March 4th , 10th & 18th
In other words the benefit of doubt goes to the bears for March
In fact , ive written this b4
the Graph I posted above shows problems thru June13th as in 1949, making this low a 60 year cycle
Just as the BULLS were in charge all the way to Oct 10th, 2007, the bears have it still
until June 13th, 2009
more later
Jay
3 comments:
Well Jay. For me it's under SPX 804.30, and it's game over. See u at mid - late March bottom. Big money on trading the short side to that date.
Alvin
Jay
Is there any way to repost the chart from 1949 so we can read the dates. Even when clicked on it doesn't make the chart bigger.
Jeff
Yup! A brief rally expected and then SHort the living SNOT out of it some more.
Alvin
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