Search results

Yet another "troll" on ET that posted 15 times yesterday and never has anything of value to say. Shouldn't you be over in the "Surf Report" forum attacking people as usual? I doubt he rarely "trades" either. Probably gets paid by the "post" on ET. :D

My technical work indicated that 1404 SPX needed to hold today in order for the Bull case to remain intact and thus far things are looking very good for the Bulls! :D

Exactly! I needed to see the SPX stay above the 1404 level today and it certainly looks like we have done that, and MORE . . . :D

Mup, Any thoughts here?

It's Sunday night and we are seeing some strength overseas and ESZ's are +12.00 Shorts are gonna be on the run! :eek:

Well, well . . . Look who crawled out from under a hole!:D Did you find some money to trade with again after having your balls ( and shorts ) crushed or is someone paying you to spend all day long on ET posting away like you did last year?

No problem. Have a great Weekend everyone! :)

Excellent reply.

A typical "Holiday" shortened trading session that vacuums higher and stays well bid for the entire session. Not one for trading . . . learned this the "hard" way in December of 1990. If you get caught "short" on a day like today, you are totally screwed because there isn't enough volatility...

:D

Excellent work Mup! And the 10-year TBond hit 4% today. Maybe the Fed will finally catch-up to what is going on . . . In any event, Happy Thanksgiving to everyone on our beloved EW thread! Warmest wishes . . . Landis :)

Back down towards the lows of the day . . . trading back under 1426 ESZ and looking to "test" 1423.50 low made around 12:30 pm EST.

Well, here we are at 1435 SPX with exactly one hour to go . . . :)

My last contact with Victor was back in the early 90's. I believe that he moved from NYC/NJ to Texas at that time, setting up shop with Rand Capital Management (?) I have no idea where he is currently based, but I would have to assume that he is still trading in some capacity. An amazing...

As someone that used to work for Victor Sperandeo ( a noted Dow Theorist ) in my much younger days, I wonder just how valid Dow Theory is in a world of $100 per barrel oil, let alone being able to use such a "correlation" for trading purposes. If I was a trader and based my long position bias...

On the SPX: 1.382 x 63 points ( 1 down of "C" ) = 87 points. 1492.15 high of 4 of "C" ( a 65% retracement of 3 ) - 87 = 1405 Meanwhile, the 10 day simple MA continues down hard, coming thru 1458.00

As Mup eluded to, your October 11th High is actually the Top of a "B" Wave, and not the end of 5.

Ultimately, the FED needs to do a freaking BILL PASS to aggressively inject reserves into the system. This Repo-Beepo stuff is a joke.

I am looking at two scenarios for tomorrow: Bullish: Get above the 10 hour MA in the SPX at 1461 during the first 3 hours of trading. Force a close above the 21/40 hour MA's at 1463, which then targets the 10 DAY MA in the low 1470 handle. Obviously, we have to play an expiration game...

Just eyeballing your DJIA FUTURES chart, a 275 point move to the downside off of the high gives you a 61.8% retracement target at -142 or 13,145.