S&P looks good to a new high

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Quote from condorll:




Hmmmmm....more confirming indicators.....
Glad I am all cash here.
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One mans opinion is "more confirming indicators"??
I respect Pabst's opinion, but I think you're giving this one mans word too much weight!
 
Quote from Scientist:

Well, I'm busy studying and doing some interesting pre-market analysis for tomorrow... It's a really interesting situation indeed:

We have (NQ):

32% bearish retracement on the daily (ambigous)
50% bearish retracement on the 60
50% bullish retracement on the 15/30

Coinciding with a triple bottom re-test and an almost double-top on the smaller timeframes. First we had a gap-up hit retest the bottom 2 days ago, then it went up full to a 50% retracement, then opened up next day at the same bottom again (!), then rallied up to the same top as prior day...

What's your guess where the market is gonna go from here? Continue into a new bull or turn to the bear? I reckon it's gonna be answered before 12am tomorrow...

Tantalizing... :D

~Scientist
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SPY,DIA,QQQ tend to have thier worst ,red,down month in Sept;
and short term moving averages are confirming it lately.

Long term trend-bull market still ;looks good.



:cool:

''Dont confuse high probability with infallibility ''-Daryll Guppy-Australian stock trader
 
Quote from Pabst:

Count me in for new highs. If not by the end of the week then early the week of the 22nd. After some expansion above 1030 I think early Oct. will be gruesome on the downside. BTW Bro, How about Part 2ing this thread with a new poll! Inandlong will be cool about closing this and putting up a new one.
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Romeo, I don't yet know the price. Just the date. Don't be long after 10/2.
 
Quote from Pabst:

Count me in for new highs. If not by the end of the week then early the week of the 22nd. After some expansion above 1030 I think early Oct. will be gruesome on the downside. BTW Bro, How about Part 2ing this thread with a new poll! Inandlong will be cool about closing this and putting up a new one.
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That's a good idea Pabst. I'll close this thread and start another with a fresh poll. Same questions.
 
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