The way I see today - If we consider two levels for the day, low and high, we're moving along the low level practically all day long. A high hit at 15:55.
Bernake - Person of the Year Geithner - Beautiful person of the Year Obama - Nobel Peace Award Madoff - Investor of the Year Tiger Woods - Husband of the Year
A bit more dancing this year, followed by some weakness until the end of February, more rally into mid Summer top, Aug-Sep'10 mini-crash, and probably Oct'10 double top.... then a new bear market.
Lets see how well this adjustment works out
so according to the chart Jay we fade the gap up today?
ReplyDelete"Let me know If you want to see a January preliminary view"
ReplyDeleteHell ya
x-men
Bring on the Jan review, what the heck.
ReplyDeleteC
JAY
ReplyDeleteIt looks more and more like December 9 was an important bottom.
The next significant low won't be until Late January.
Cathy
The Bears can go back to hibernation now.
ReplyDeleteYou Bears have been officially REAMED UP THE ASS.
I think it's apparent now that NO CORRECTION is coming.
goodluck
you need it
ptg
The way I see today -
ReplyDeleteIf we consider two levels for the day, low and high, we're moving along the low level practically all day long. A high hit at 15:55.
Likely lows: 12:37, 13:26.
Coy
Thx Coy do you see it as a sell the close type day .....thats what I'm thinking tommorrow down...
ReplyDeleteAt this point, I see more of today, tomorrow.
ReplyDeleteI'll take a reading after 14:00.
Long tna. It finally broke out of that boring range...should make new highs
ReplyDeletewell the break of 1105.50 is ominous
ReplyDeleteThe FED disrupted the day, dollar jumped. I think we'll settle down, close up.
ReplyDeleteMy reading says we finish up tomorrow.
It was like this was where they wanted to close it no matter what the dollar dropped euro up the last 30 mins and /es didnt move
ReplyDeleteJay,
ReplyDeleteYour chart is correct. We did end down.
Coy
Santa rally is about to begin!
ReplyDeleteAny gap calls for tomorrow
ReplyDeleteSo from Jay's Chart,
ReplyDeleteWe are gonna have a rally up till christmas?
Bernake - Person of the Year
ReplyDeleteGeithner - Beautiful person of the Year
Obama - Nobel Peace Award
Madoff - Investor of the Year
Tiger Woods - Husband of the Year
Did I miss anyone?
Bush - war criminal- most wanted of the year
ReplyDeletex
Reza,
ReplyDeleteYou forgot Goldman Sachs... "Company of the Year"
As i mentioned last week, the next swing low would be around SPX 1055 and now I've got parameters on time which will be before dec. 30.
ReplyDeleteToday we've got a gap from hell for the dollar bears.
For anyone trading GLD, primary tl comes in at 107.02. Weekly close below that and the gold market is in serious trouble.
1080 here we come
ReplyDeletebob
I agree with this scenario by youmast:
ReplyDeleteA bit more dancing this year,
followed by some weakness until the end of February,
more rally into mid Summer top,
Aug-Sep'10 mini-crash,
and probably Oct'10 double top....
then a new bear market.
bob
Where is everyone screaming to be short here? Trumpets should be blowing.
ReplyDeletemark
Coy
ReplyDeletewtf happened to your call!
x