Market Outlook

Repeat warning for rational traders :

Here is your blog entry from August 13th, 2010. Intelligent readers would be advised to look at underlying asset values on that date.

" DOW and SP500 weekly charts Fri Aug 13 inclusive.

The indexes continue to be pulled in opposing directions by the
buyers and sellers – as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.

As mentioned earlier, weekly and monthly charts have been topping and basically going sideways since early May 2010. This topping process will cease and increased selling pressure and more bearish consensus should result in a more pronounced downtrend developing.

EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.

CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.

COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time – warning what’s ahead for the global
economy.

Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "
 
SPX IS NOW UP 11 OUT OF 13 TRADING DAYS IN JANUARY ALONE.


Now I know a month doesnt make a quarter or a year, but its just amusing to see how one sided this market is, its actually hilarious. So far the SPX has been up 84% of the time in January. 84%%%%%% where is the risk, I mean its not even 50/50, why do even people waste their time at the casinos when they can play the wallstreet casino and get an 84% chance of a return with the SPX, I mean think about it, its GUARANTEED to make you money no matter.....


:p :p :p :p :p


Wait until the next dip to go long, it will be very short and very quick so when you see the SPX dip about .29% better jump on it because it will leave without you.

As for next week, Sunday night they will gap up the futures about a .5% and continue to rally it into the Monday close, so buying today for Monday is another guaranteed risk free money making trade.....
 
Quote from S2007S:

SPX IS NOW UP 11 OUT OF 13 TRADING DAYS IN JANUARY ALONE.


Now I know a month doesnt make a quarter or a year, but its just amusing to see how one sided this market is, its actually hilarious. So far the SPX has been up 84% of the time in January. 84%%%%%% where is the risk, I mean its not even 50/50, why do even people waste their time at the casinos when they can play the wallstreet casino and get an 84% chance of a return with the SPX, I mean think about it, its GUARANTEED to make you money no matter.....


:p :p :p :p :p


Wait until the next dip to go long, it will be very short and very quick so when you see the SPX dip about .29% better jump on it because it will leave without you.

As for next week, Sunday night they will gap up the futures about a .5% and continue to rally it into the Monday close, so buying today for Monday is another guaranteed risk free money making trade.....
More...

You are really getting this exited about the S&P 500 being up 4% this month? Really? What kind of hobbies do you have? LOL. Were you complaining when the S&P corrected 30% in a straight line last August or do you limit your complaining just to the upside?
 
Quote from GrandSupercycle:

Congrats Nine_Ender you have embarrassed yourself yet again.
There was a leg down.
More...

God, I can't believe how stupid you are. I'm embarrassed for you yes. How many hours was this imaginary leg you've dreamed up ? And what is the market at now since you declared a top as a done deal ? What trade could someone have ever done to make money from your "wonderful" insight ?
 
01-13-12 02:16 PM


Quote from GrandSupercycle:

The overextended Wile E. Coyote SP500 wins the battle and stock bears are back in charge.
More...



And now spx is 25 points higher.

You and formal gold should be best friends
 
+100
Somebody who understands what's going on regarding the equity rally.
Quote from Mvector:
... large commercial participants frequently rally instruments they want to sell into again. Just what Equities markets are doing right now - light volume small advances into new multi-month highs trying to get dumb money to help them cash out prior to next hard sell off back into range.
More...
 
if we go down ,you can claim you are right,if not you won't claim you are wrong,traders who are never wrong bustout ,people hate to admit they are wrong,they would rather blame someone else,wall street make's the bulk of their money on this one human weakness,it turns their small profits into large ones and your acct into dust ,ask yourself cycle when is the last time you admitted you were wrong
 
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