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Well the bottom did hit but actually July 5th in the futures market. The model continues to work. No need to chase the market and it doesn't look like a compelling bottom just a minor rise to correct the oversold condition for now. It still looks like a test of 980 is in the works but for...

Nothing went wrong. My calls are macro and seasonal as well as cyclical. In other words if the market is up it changes where we are in the cycle. If it is down it changes where we are in the cycle. If it is mid-move it changes where we are in the cycle. So far the low was made on July...

Day ended at 50/200 ma shorterm but below the line. We are well below the 50/200d ma. We are due for a bounce. Wait and watch Europe tomorrow and the futures overnight for clues. NO TRADE. BTW Shortie sorry to hijack your thread. Just trying to add content.:D

All true a low occured and then rallied in the futures all at night. Because the action deviated from my plan (The futures never looked back after a lame attempt at 1000) I stood aside which was the correct action for a swing. Daytrading one could have easily sold resistance at 11 am EST...

There will be a gap down. Buy the gap I say for a short swing to the upside. I am waiting to see how much because the clouds are darkening. I wouldn't leave too much wobble with my stops.

buy at 8:30 am EST Tues 7/6/2010 IF we get a sell-off in the foreign markets for a gap down. No gap down no buy.

I'm sticking to my guns.

04-23-10 04:25 PM Strength. Everytime there is selling the sentiment swings so quickly and the bulls so strong it feeds on itself. Slow grind higher. It's weakening but ever so slowly. 04-26-10 12:22 AM the chart indicates that there is buying pressure until the end of may May 6th...

Now Friday is gonna be tricky. Do you buy the weekend or wait it out. I am not buying unless we get the morning selloff and the afternoon rally. One day plus or minus July 6th is my target. If the sell-off hits hard tomorrow am then load up at 11:45 am EST otherwise watch the afternoon...

Yeah well 1023, and 980 are my targets. 1023 is bagged and tagged but my cycle is set for July 6th as a low so yes 980-1000 is the next stop. Ride the bus.....

Look no one knows for sure but let's just say: Risk holding over July 4th is too high with terrorism, oil spills, hurricanes, and the wrong seasonality to buy early and buy often. The market is losing its bullishness over the long term especially. Yes there are buyers but only at a...

If I remember correctly. Earlier this year I forecast a low July 6th. Prescient I believe. No one is gonna want to carry this over holiday weekend and then pre-market on July 6th depending on what happens worldwide there will be a reversal as the pre-market opens down then a buying rally...

Not. The futures were propped and popped. 8:30am was showtime and the move was a perfect sell-off to the 200d ma. Come' on guys. A move thru the 200d then pop, lock, and twirl back to the 200d. If you were short you got the chance to make it right. If you were long you had the chance to...

Except bonds are running and the move through the 200d ma was a head fake. We are in "no man's land" and a good chunk of the mover's are in the Mediterranean on vacation

Today's morning action prompted me to sell it all. 95% cash. I'll wait this rally out and wait for a pullback then long with a tight stop. If we rally like before it will be a pub crawl then a shellacking in Late Summer or Early Fall

Lots of divergences today Friday. What to make of it? It looks bearish for equities IMHO but man is it hard to figure out right now. Lots of choppy action.

Boy was I wrong:confused: Nice squeeze off the bottom. Now 1100 is in sight of op ex next week. I do not see a crash scenario after today's strength at all. The market made a nice move with follow through. Money flowed. Now we just need to hold the low. There is 20% upside from...

So we tagged 1076 this am as the high....

Weirdness for sure. .gov outta money. ECB outta money. China all bought up. Gonna be hard to hold this sucker up. Options expiration look like 1050 in the spoos. But the range before June 18th will likely be 1076 to 1023. After that I think it's going to 998. But WTFDIKATS

How do spell tarded, Leo. E.g. a ballet dancer's outfit.