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Market Outlook
- Thread starter GrandSupercycle
- Start date
Quote from GrandSupercycle:
EURUSD daily chart bearish warnings continue.
http://stockmarket618.wordpress.com
Supreme Warning : Please be careful your ability to predict markets has been severely impeded by your permabear bias and limited experience. Do not ... I repeat ... Do not put a significant portion of your assets on these calls.
You have been duly warned. You can thank me later if we hit 1400 on the S&P 500 and 15,000 on the TSX within four weeks.
Note I do not trade indexes this is just a guess.
Quote from GrandSupercycle:
DOW / S&P500 ~ previous short term bearish indicators were clearly overpowered by the recurring buying support and further upside is possible. My updated monthly chart will show the grossly overextended big picture.
Grossly overextended ? By what measure ? Forward P/E ratios are only around 12 or 13 on the S&P 500 which is actually cheap.
So ... be specific now ... EXACTLY what "short term bearish indicators" exist ?
Quote from GrandSupercycle:
Iâm sticking to my call on Feb 22 that DOW topped @ 12,391 on Feb 18 2011 and thus signals the end of the rally.
You remind me one hell of a lot of Deadbroke, who got thoroughly owned by this bull market. Anyone can pick out a short term peak and several days later call it a "top". If that "top" is broken 6 weeks later though that call is a failure.
Ok I know your "sticking to your call" but what exactly is your stop loss on this trade ( your more then 100 points underwater already ) ?
S&P500 updated chart at blog.
This monthly chart shows a pattern of expanding wedges, aka
broadening formations. The three wedges pictured - reveal an
unstable market where buyers and sellers battle for control.
The two previous wedges indicate who were the eventual victors.
Prepare for the next Black Swan which will be "unexpected and
could never have been predicted"
This monthly chart shows a pattern of expanding wedges, aka
broadening formations. The three wedges pictured - reveal an
unstable market where buyers and sellers battle for control.
The two previous wedges indicate who were the eventual victors.
Prepare for the next Black Swan which will be "unexpected and
could never have been predicted"
DOW bearish warnings return - futures last price 12,301
DOW futures bearish warnings continue. Intra day chart is tracking sideways â suggestive that (short covering) rally is ending. Not confirmed yet though.
Back to the recurring USD strength - bring on the overdue dollar rally. (which won't happen until equity buying support is overwhelmed by selling pressure)
'COPPER has ignored the recent equity bounce. Daily and weekly
charts are not bullish' ~ 31 March 2011
charts are not bullish' ~ 31 March 2011