Hold On To Your Britches! Wild Week Ahead! Greek Riots Possible!

SPY Next Week

  • Bullish

    Votes: 20 24.7%

  • Flat

    Votes: 7 8.6%

  • Bearish

    Votes: 46 56.8%

  • I prefer not to say

    Votes: 8 9.9%
  • Total voters
    81
Quote from Lojanica:

Yes as well as other cycle indicators. It's fun for me. I feel the need to order chaos. Mandelbrot. Nenner. Rennick are my heroes.
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Cowboy Rennick and his horse :D.

The futures are drifting higher. We had two red days in a row. that's as much as this market can tolerate.
 
The market looks to be making a low today. The overnight seems to have put a floor in. I would expect this holds for a week or two although we may retest 1150 as outline previously today or tommorrow so far things look strong and stable.

(Famous last words as any market prognosticator says ; )
 
Quote from Lojanica:

Yeah somebody is quietly accumulating the 1150's
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The only thing I'm doing is selling Euro. Against AUD (which isn't working well at the moment), USD and CHF.
 
Quote from Ivanovich:

The only thing I'm doing is selling Euro. Against AUD (which isn't working well at the moment), USD and CHF.
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Yeah the Euro is going to 1 over the next few years which sucks for the US economy. Yet another anchor on the chain of progress. Ball and chain...

Too much debt, dollar strength due to the EURO mess, jobless recovery, mature economy....blah,blah,blah. The last 2 weeks underscores the realities. The volatility tick is nice for daytrading though.
 
Quote from Ivanovich:

Close green!
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Um NOT!!!

I'm thinking the low is in today though for a week or two before we tag the open January 4th, 2010. Then we'll see how far down the market goes but if I had to guess I'd look for support in that range for all of 2010
 
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