SnP 500 BREAKS 1400 THIS WEEK!

Quote from JSL_Capital:

Hmm NDX holding the market up and the dow holding above the previous intermediate high of 12365. . .gotta love them dip buyers!

I guess it's January effect here we come again?
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Yea, the NDX is holding up this entire market right now.

IF the dow starts to put in a rally by this afternoon expect 2450 on the nasdaq.

By the way dont they say that the first 5 trading days of the new year usually show a forecast of where the markets are headed
 
Since were only a few points away this is not exactly a wild call. 10 of the last 14 days were red and we have a double top so more downside is a distinct possibility but I doubt the bulls will give up easily.
 
Quote from BlueStreek:

although I wouldn`t be surprised if we get a pop monday and tuesday of this week per the last 2 month`s pattern. Whatever the high for the week is, it will happen the first two days of the week, and from there, the slope will be downward.

But ultimately, we will break 1400 on the snp 500 this week, which is significant, since we haven`t broken that level for awhile. The trend is down for both the dow and snp500 since november 27th for the dow, and the 1431 level in the snp 500. I also think we will close below the 1400 snp level this week.


http://stockcharts.com/h-sc/ui?s=.spx
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AWESOME CALL BRO
 
Listen to yourself... "we're going lower, of course I wouldn't be surprised if we end up higher!

Classic newbie ways at prognostication. Learn to trade and shut up! You're only making a fool of yourself in your need to "prove" something.


Quote from BlueStreek:

although I wouldn`t be surprised if we get a pop monday and tuesday of this week per the last 2 month`s pattern. Whatever the high for the week is, it will happen the first two days of the week, and from there, the slope will be downward.

But ultimately, we will break 1400 on the snp 500 this week, which is significant, since we haven`t broken that level for awhile. The trend is down for both the dow and snp500 since november 27th for the dow, and the 1431 level in the snp 500. I also think we will close below the 1400 snp level this week.


http://stockcharts.com/h-sc/ui?s=.spx
More...
 
Quote from S2007S:

Yea, the NDX is holding up this entire market right now.

IF the dow starts to put in a rally by this afternoon expect 2450 on the nasdaq.

By the way dont they say that the first 5 trading days of the new year usually show a forecast of where the markets are headed
More...

NQ looks the strongest, last week some shorts covered and the bulls are a bit stronger. I notice an inverse realtionship between SOX and OIH the past few days. Once OIH bounces back, that could be the rally catlyst for ES to catch up quickly.
 
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