I'm leaning toward the idea that a rug pull has to be lurking here, and we could easily end the week lower. The problem is I thought that last week too, and it looked like it was coming true as we had 3 down days in a row. Then Friday they ran in and saved it. It's hard to make predictions when Uncle Sam is lurking in the background too.
AbdullahLast week was thenthis is NOWTIME changes everythingLast weeks late recovery pushed sentiment to the max, for nowAlso keep in mind what has been the trend since Mar9th, 2009;I've mentioned b4 - LOW within first 5 days of month and Highs between 20th & 26th of each month23 & 5 in numerology reflect CHANGEJay I put up that chart of 1936-1942 as it very nicely resembles current trends from Oct2007Lost 900 ptsregained 62% = 550 to 1220held at 1010- lost 210ptsnow at 1150 and the C wave seems to point to a loss of 210 to spx950that would get us an UPWARD BIAS for about 9 months b4 the next severe & brief sell off, but more on that laterJayon
Yeah they could drop down and fill that gap.
patetic sell off so far, appears not to be impulsive, probably means higher highs soontake care,cementzak
nasdaq made a higher high as expected... but this can be the final push, closing the may gap sincerelycementzak
cementzak - the gap needs to fill lower.
most of Helges graphs show a sharp dip now to Wednesayand again on oct4thCharts edge has today floatingand higher tomrrowI show higher tomrrow, but from a closing lower
REMEMBER the warning for the dayDO NOT BELIEVE what you seeWEd calls for a CHANGE & unsettling moodsj
BULLS are LOVING thisFriends tell me they had best day in months on FridayAll boats rise at high tide.midnite high tide is tomorowThere are no major energy effects Mon & TueCharts edge has Wed with sell offEKG today at 3pm so far is a bust just like FridayJay
Equity rallies based on government manipulation don't strike me as sustainable, and I continue to secure short positions in VXX/FAZ/BGZ that I feel are promising.
Abdullahshort positions are only good thru OCT 4thOctobers energy is mostly positiveFUNNY that POSITIVE energy is 99% positive.Negative energy can sometimes also be positive,AT Least when it comes to MONEYJay
cwaves still choppy- NOT impulsiveagreewhen it goes, there will be NO DOUBTJayIf starting WED,the longer they wait, the more severe it will be on a daily basis- but SO BE IT.Might be some overhang on AM of the 5th, but for the most partthe rest of the month is biased up.Jay
Jay - FYI, Crawfords has huge decline starting Oct 1 and perhaps ending 15. We may see DOW 11278 before elections, but then all bids are off and DIVE down we go into sub 8,000 in DOW.
Abdullahthere is NO energy beyond early 5th that can trounce moneydo you see anything?I dontJay
this is crawford forecast not mine.
thanks AbdullahI realize that, and I was trying to get something out of you in the wayof a discusssion;Do you see his rationale?I DONTJayRead my latest update on the newer posting
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