fizzy: good question to ask a guy like me :-) medium term for me is 2-4 weeks. the mrkt can wiggle around here, retest the highs but based on this indicator it appears that the bulk of the upside is behind us. if you are very long, hedging your account here is smart imo. if you are aggressive, you'll start to build short positions.
Love this action here. Like candy from the baby bears who think this market has to go down cause of the runnup and 50 day resistance.. Newsflash babes market doesn't have to comply. Shorts are entering a meat grinder right here in which they will be grinded up shortly. Stewie let me know if you need a partner on the newlsetter service.
sclick: if you have stockcharts.com account, go to 'annotate" charts and you'll see there tons of options there for you to play with and make it look pretty. ha! you need to pay for the servce tho, won't work for the free stuff.
No blog Stewie as I couldn't possibly deal with ignoramuses commenting about my trading. I admire you for putting up with some of these people who come on your site and bash you. Look bashers this man cleared over 200K last year in the worst possible market!!! Rock on bro
it's rare that a mrkt top out or bottom out in a single attempt. it will usually give you a retest of some sort and they are rarely easy to spot. i personally think we need one push higher to turn many bears into bulls and pull the rug from underneath them. we'll see shortly.
lol. thank you sir. i haven't seen too many bashers lately maybe because my calls have been decent but when you run a public site you have to be open to some bashing every now and then. lol. no blog? well keep visiting here and let me know what's up your sleeves. good luck.
I think that was the near term top but Im leaning towards things not falling v far and maybe some consolidation. At most 725 in SPX. Way too many intermediate term signals were confirmed today. I get this maybe only once every month or two.
725-750 would be low enough to sell a lot of puts to bears and frustrate the bulls at the same time. So I'm leaning towards a lot of frustrated ppl on both sides in the next 1-2 wks then the 800 level being taken out.
The other possibility is tanking to new lows but we would need monster volume to do that. We would also need to overcome what is a typically v bullish time of yr for fund managers.
$NYMO, $CPC making clear reversal confirmations today. And $TRAN also confirmed sell signal...
suckers are buying the breakout in FAZ. Shorted a boatload right here.
ReplyDeleteMr. Always Right
hahahaha! that's great! i love your name. good luck brother.
ReplyDeletestewie,
ReplyDeletewhat's your defined duration of 'medium term' may i ask please?
fizzy: good question to ask a guy like me :-) medium term for me is 2-4 weeks. the mrkt can wiggle around here, retest the highs but based on this indicator it appears that the bulk of the upside is behind us. if you are very long, hedging your account here is smart imo. if you are aggressive, you'll start to build short positions.
ReplyDeletethanks stewie, i clearly hear ya.
ReplyDeletehow can I get fancy blue and red arrows like you stewie??
ReplyDeleteLove this action here. Like candy from the baby bears who think this market has to go down cause of the runnup and 50 day resistance.. Newsflash babes market doesn't have to comply. Shorts are entering a meat grinder right here in which they will be grinded up shortly. Stewie let me know if you need a partner on the newlsetter service.
ReplyDeleteMr. Always Right
mr. always right. do you have a blog?
ReplyDeletesclick: if you have stockcharts.com account, go to 'annotate" charts and you'll see there tons of options there for you to play with and make it look pretty. ha! you need to pay for the servce tho, won't work for the free stuff.
mr. always right, have a definite feeling the fatty squeezers (whoever they might be) have left one more good squeeze saved for a moment like this...
ReplyDelete...i know i would...
No blog Stewie as I couldn't possibly deal with ignoramuses commenting about my trading. I admire you for putting up with some of these people who come on your site and bash you. Look bashers this man cleared over 200K last year in the worst possible market!!! Rock on bro
ReplyDeletesqueeze and mr. right:
ReplyDeleteit's rare that a mrkt top out or bottom out in a single attempt. it will usually give you a retest of some sort and they are rarely easy to spot. i personally think we need one push higher to turn many bears into bulls and pull the rug from underneath them. we'll see shortly.
lol. thank you sir. i haven't seen too many bashers lately maybe because my calls have been decent but when you run a public site you have to be open to some bashing every now and then. lol. no blog? well keep visiting here and let me know what's up your sleeves. good luck.
ReplyDeleteI think that was the near term top but Im leaning towards things not falling v far and maybe some consolidation. At most 725 in SPX. Way too many intermediate term signals were confirmed today. I get this maybe only once every month or two.
ReplyDelete725-750 would be low enough to sell a lot of puts to bears and frustrate the bulls at the same time. So I'm leaning towards a lot of frustrated ppl on both sides in the next 1-2 wks then the 800 level being taken out.
interesting. thnx for sharing.
ReplyDeleteThe other possibility is tanking to new lows but we would need monster volume to do that. We would also need to overcome what is a typically v bullish time of yr for fund managers.
ReplyDelete$NYMO, $CPC making clear reversal confirmations today.
And $TRAN also confirmed sell signal...
well, the $NYMO pattern confirms anon2:45's prediction.
ReplyDeleteremember 12/1 when the DOW went down 5%?
look at the $NYMO that day and shortly after...
and for the next 2 weeks, all the Tbill auctions are safe short termers.
longest one is a 5yr next weds.
interesting for sure.