Market Outlook

Posted on the 12th :

Quote from GrandSupercycle:

As mentioned yesterday, SP500 downleg starts.
SP500 daily chart still overextended risking another Wile E. Coyote scenario.
More...

Another in a long series downleg starts you've told us about since August 2011. Wouldn't be a normal week if you didn't post the start of a downleg.
 
Quote from GrandSupercycle:

Now severely overextended SP500 still leads the pack and it really wants to rollover.

http://stockmarket618.files.wordpress.com/2012/01/2012-01-18_dow_wk2.png
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And if you're so bearish, why aren't you short at least something? Why are you telling everyone else to short but you won't do it yourself?

I bet you weren't long when you called that the selloff was over. I bet you weren't short when you called the end of the bear market rally in May 2010.
 
Extremely overextended SP500 still leads the pack and it wants to rollover.

Megaphone with possible diamond formation:

2012-01-18_dow_wk2.png
 
Again, you posted this on the 12th. God help any traders that follow your advice :

Quote from GrandSupercycle:

As mentioned yesterday, SP500 downleg starts.
SP500 daily chart still overextended risking another Wile E. Coyote scenario.
More...
 
SPX going 11 for 13

Jan 20th ??????

Jan 19, 2012 131.46
Jan 18, 2012 130.77
Jan 17, 2012 129.34
Jan 13, 2012 128.84
Jan 12, 2012 129.51
Jan 11, 2012 129.20
Jan 10, 2012 129.13
Jan 9, 2012 128.02
Jan 6, 2012 127.71
Jan 5, 2012 128.04
Jan 4, 2012 127.70
Jan 3, 2012 127.50
Dec 30, 2011 125.50
 
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