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| March 25 @ 8:45am |
The above charts seem to be saying something
Impact steam shows weakening , again
ACTIVITY index has dropped from a HIGh of 400 on the 23rd, and 300 yesterday to 66 today
ITS lowest level possible is 33, so we see NO energy to support higher prices without a serious sell off FIRST.
Dynamic index PEAKED also on 22 & 23rd and appears to be heading lower in ALL 5 components
Charts Edge shows SELL OFF next week
Xtide shows sell off Next week
26 hours tody at 10am or sooner - consumer sentiment at 10am
Yesterday was an 8 day cycle and it appears as a high, MAKING TODAY AN 8DAY TURN
THE SPX graph above from March 16th LOW @1250 looks like
a-b-c@1300 ~ X @1276 ~ a-b-c@1309.66
1344-1250 = 94 pts
94 X =62.8% = 59 + 1250 = 1309
Closed yesterday at 1309.66
More Later
Jay
5 comments:
- Best Buy tell us sales fell?
- consumer was getting squeezed over gasoline and couldn't afford the TV's and gadgets
- problems in Mid East
- fall out in Japan
- Euros zone still a problem
- ..
- ..
But in this age of Federal reserve baloney, reality doesn't matter. All that matters is rising stock prices, so the insiders can cash out and the sheople feel better that their 401K looks better.
Abdullah, are u still holding shorts from last year. I am still stuck in TYP and TZA- cannot seem to get out of them
What kind of target are you looking for next's week low on the SPX.?
rose - yes still holding FAZ, BGZ, VXX. Yes still DOWN in those.
FAZ looks good for a move up. VXX is your fear factor ... I guess the world problem is no more.
I had the chance to get out of BGZ as it moved up ... but will wait.
FP's on the above showed a lot higher prices. sit and wait
Bought DNN @ $2.23 ... Waiting on BSGC.pk to make a move.
Still holding UNG, GLDX, SLW.
Abdullah, what is making me scared is people talking 1400, 1450 s&p. I think you are in better position than me, as u bought some gold silver related stocks. I am down a lot on these- it is causing me lot of stress. I played these without stops - unaware of Q2 at that time
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