Prepare for the market to go up...or down...or maybe even sideways.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Market Outlook
- Thread starter GrandSupercycle
- Start date
The Wile E Coyote correction:I'm referring to the price action on the sticky S&P500 chart at top of blog. It's been suspended in the air for many months just waiting for gravity to take hold...
Originally posted Feb 16, 2011 :
When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL
Don't listen to irrational trolls in denial.
Originally posted Feb 16, 2011 :
When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL
Don't listen to irrational trolls in denial.
Quote from GrandSupercycle:
The Wile E Coyote correction:I'm referring to the price action on the sticky S&P500 chart at top of blog. It's been suspended in the air for many months just waiting for gravity to take hold...
Originally posted Feb 16, 2011 :
When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL
Don't listen to irrational trolls in denial.
But how do you make money from this?
Buy the dip, this market has done this same drop about 3-4 times already and every time it looks like the SPX is going to break its March lows it jumps 5% out of no where, so I believe the same thing will happen, the catalyst: raising the debt ceiling!!!!!
SPX at 1286!
Get ready for 1340+ once the debt ceiling is raised!
SPX at 1286!
Get ready for 1340+ once the debt ceiling is raised!
Quote from S2007S:
New intraday highs!
SPX 1292
Close above 1300, at least an 80% chance today.
How funny would it be if the debt ceiling is raised this afternoon, I think its extremely possible.
1302!!!!!!!!!!!!
Like I said this market has done these same up and down moves for months now.