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  1. M

    Breakdown about to occur

    1530 is the new resistance with a target of 1523. Potential pivot points are 1525, 1523, 1520 and 1515. If the price falls below 1515, then big chance it will land right smack at 1440. If price pivots off of the pivot points, then it will make a run for the resistance at 1530 and possibly...
  2. M

    Breakdown about to occur

    Triangle is intraday, lower highs all day long. I see 1523 in the short term future.
  3. M

    Breakdown about to occur

    The SPX just came out of a triangle going through the bottom. Short term price target of 1523.
  4. M

    Breakdown about to occur

    What is unclear about what is happening to the ten-year in this chart? Even a caveman can figure this one out.
  5. M

    Breakdown about to occur

    I didnt even read what you wrote. Your a nameless, faceless stranger who I dont want to waste any more time thinking about. As for the SPX, it has stalled at 1532. I really thought it would test the supreme support at 1550, buttttt.... I dont know why I fear price when it gets into the...
  6. M

    Breakdown about to occur

    I see you guys still playing around while Im working. Now the SPX went past 1528.84 (5 day rounded bottom/cup). 1528.84 + (1528.84-1505.25)= 1552.43 Thats the new price target and I noticed that the high for the SPX came in at April 2000 somewhere around 1550 on my spx2000chart. For...
  7. M

    Breakdown about to occur

    My calls on Amazon in a previous thread? I was just posting that up to piss you guys off who were shorting it and making reference to Jim Cramer's old 2000 article of the "new economy" and the ten stocks he was buying back then. I thought it quite funny. Im not calling a top in the...
  8. M

    Breakdown about to occur

    You have no idea how I trade or what I trade to make those assumptions. You have no idea my P&L or my system. I never said dip buying wasnt profitable. It was very profitable for the last few years because we were coming from the deep end of the cup and it was obvious the SPX was making...
  9. M

    Breakdown about to occur

    I think you have a big problem. In order to make money in the market, you have to be constantly flip-flopping. Think of all the money lost when someone stood by and defended their words. There have been many times in the past where the market just suddenly turns and those that did not...
  10. M

    Breakdown about to occur

    I dont fade. I wait for the position to come to me and then I react. If the SPX flips through the resistance, then its time to react. If it turns right around, then its time to react. Reacting at this point is premature unless your a gambling man. I dont gamble, but ride the trend...
  11. M

    Breakdown about to occur

    and the shanghai... This chart is not exact, but implies that a drop below 3800 could produce some consequences. 4300 is a key level
  12. M

    Breakdown about to occur

    Now here is my prediction for the Shanghai. First lets look at the KBHome chart. Why KBHome and how does it relate to the Shanghai? KBHome and the Shanghai are obviously two different things, but the concept remains the same. When an equity or an index rises above its primary trend line...
  13. M

    Breakdown about to occur

    This chart demonstrates the bearish upwardly sloping triangle. Using this thesis and this thesis alone since 2004 would have made you rich. Look at what happened each time the price was forced into the upwardly sloping triangle. If I showed this chart to a class of freshmen in high...
  14. M

    Breakdown about to occur

    My mind changes with this chart. You can see what happened in February when the SPX was funneled into a symetrical triangle. The highest point of the triangle being 1326.70 and the lowest point being 1219.29. The difference being 107.41. 1461.52-107.41= 1354.11, actual price was...
  15. M

    Breakdown about to occur

    You should have dumped everything. We were not able to close over the recent highs. Heavy resistance encountered and could not make it through the old highs. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of this selling pressure after a...
  16. M

    Breakdown about to occur

    Today will be the last day that you can get out safely. The uptrend has been disturbed. Consider yourself lucky and forewarned.
  17. M

    SOLF -keep it on the radar

    My analysis pegged SOLF at 9.5 and it did get there. However, I dont believe any of the solar plays are a "buy right now". They will all get sold off and it might take a few more weeks to find solar bottom. I would not buy until there is a confirmed uptrend. I see Trina going to the 30s...
  18. M

    s&p just made intermediate term top @ 1440.1

    I have a feeling we will revisit these levels soon.
  19. M

    Breakdown about to occur

    Im not sure what your doing, but your definately not a trader and I have to question your ability at investing as well. You dont believe in technical analysis, your plan seems to revolve around "buying the good stocks" and you cant really explain to me as to why your up 40% in a year. You...
  20. M

    Breakdown about to occur

    Then you have greater rates on debt. Notes/Bonds/etc are used to set rates for debt. Therefore debt instruments become costlier to use and liquidity becomes a concern.
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