Market Outlook

Quote from newwurldmn:

Be advised that supercycle is a mega troll is mentally unbalanced and needs professional help.
I'm serious.
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When you say mega troll, it reminds me MegaTron in the movie of Transformers III.
 
today the battle appears to be over spx 1257, which is break even for the year. Best guess is a 1265ish close to add at least .5% for the year. The ATR5 has contracted to just over 10. Next week there are 4 trading days, we could see a couple of 15+ point days right out of the gate to return the markets to normal ATR levels.

Happy New Year.
 
Quote from EliteThink:

today the battle appears to be over spx 1257, which is break even for the year. Best guess is a 1265ish close to add at least .5% for the year. The ATR5 has contracted to just over 10. Next week there are 4 trading days, we could see a couple of 15+ point days right out of the gate to return the markets to normal ATR levels.

Happy New Year.
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What position approximately would the rally end?
 
Now if this don't beat all. Fresh from Grand's blog site word for word he is saying the S&P500 daily chart is bearish and bullish for the same day (Fri Dec 30, 2011):

"USD selling returns yet again which supports stocks.

SP500 daily chart choppy bearish warning continues.

SP500 fluctuating daily trend choppy bearish warning returns, thanks
to european stock bears. That bullish spike looks unlikely again.

Unfortunately Europe bears don’t agree atm. This ongoing market dislocation
gets worse and worse which provides another warning of the next crash.
SP500 fluctuating daily trend gives bullish warning and more upside likely.
Previously mentioned possible bullish spike on SP500 weekly chart continues.
See Tues Dec 27 chart.

AUDGBP short 0.6575
USDPLN long 3.4160 [c 3.4518]
NZDUSD long 0.7730 [c 0.7727]
XAUUSD long 1556.35 [1560.56]"
 
When equity window dressing ends the downtrend can resume.

Quote from GrandSupercycle Dec 30th 2011:
This ongoing market dislocation gets worse and worse which provides another warning of the next crash.
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