34 replies to this topic

[humble1]

Time and Price and Sentiment and Liquidity and Cycles are all lining up for another lift-off. a run right back up the pole and a close well above spx 900 is called for. not being able to get into strong support at spx 875-880, and making a double bottom on the daily just above spx 882, is tremendously bullish. markets give clues: 882 - 667 = 215 909/.236 = 215 667 + 909 = spx 1576 imagine what a "sell" that will be! the shorts and bears will be broke and worn out. that trade ALONE could be a fortune maker.

Edited by humble1, 14 May 2009 - 11:13 AM.

[MoneyFriend]

Time and Price and Sentiment and Liquidity and Cycles are all lining up for another lift-off. a run right back up the pole and a close well above spx 900 is called for. not being able to get into strong support at spx 875-880, and making a double bottom on the daily just above spx 882, is tremendously bullish.

markets give clues:

882 - 667 = 215

909/.236 = 215

667 + 909 = spx 1576

imagine what a "sell" that will be! the shorts and bears will be broke and worn out. that trade ALONE could be a fortune maker.

I think 909 is a make or break # for today, if it can't crack it I'm considering it a sign of weakness.
What's the relevance of the 215 #?

Edited by MoneyFriend, 14 May 2009 - 11:26 AM.

[tommyt]

[quote name='humble1' date='May 14 2009, 08:11 AM' post='454305']
Time and Price and Sentiment and Liquidity and Cycles are all lining up for another lift-off. a run right back up the pole and a close well above spx 900 is called for. not being able to get into strong support at spx 875-880, and making a double bottom on the daily just above spx 882, is tremendously bullish.

markets give clues:

882 - 667 = 215

909/.236 = 215

667 + 909 = spx 1576

imagine what a "sell" that will be! the shorts and bears will be broke and worn out. that trade ALONE could be a fortune maker.


gd

[eminimee]

fwiw ..my number is ES 898..in response to MoneyFriend

Edited by Teaparty, 14 May 2009 - 11:33 AM.

[humble1]

fwiw: the 909 i am referring to is the distance from 667 to the old high at spx 1576. i have two extensions, now, which target 1576 as a double top. one of them is the 1/Phi-cubed or 1/4.236 = .236. .236 of the whole 909 Price Segment is 215. 667 + 215 is right where we double bottom'ed atop a previous gap. these esoteric ratio's upset some people here, so i will leave it at that. the great market geometer, Bryce Gilmore, for one of many, has written fascinating books on the subject. this is tricky warlock stuff, LOL. your posts are plenty good without that aspect. regards, H1

Edited by humble1, 14 May 2009 - 11:36 AM.

[nimblebear]

Time and Price and Sentiment and Liquidity and Cycles are all lining up for another lift-off. a run right back up the pole and a close well above spx 900 is called for. not being able to get into strong support at spx 875-880, and making a double bottom on the daily just above spx 882, is tremendously bullish.

markets give clues:

882 - 667 = 215

909/.236 = 215

667 + 909 = spx 1576

imagine what a "sell" that will be! the shorts and bears will be broke and worn out. that trade ALONE could be a fortune maker.

Each of the indexes are shining sell signals from what I see. They will correct a bit, if the PPT allows it, work off some overbougt stuff, and then likely upward to over 1000 on Spx. Ill be shorting it then if it gets to spx 1200 later this summer or fall. After that some good fireworks will happen, the bulls will be saying happy days are here again, and a nice massive downslaught will occur pretty much wiping out any bullish folks left in this market, and perhaps clean out the last vestige of bulls that will remain, and ma's and pa's will finally start swearing off stocks. Finally. and then perhaps the market will begin to form a real bottom and a bull could emerge from that lovefest.

for now this could go down more than 10%, but PPT is really screwing with this market, so staying nimble is the order of the day.

[humble1]

teaparty: it is good to see you posting ... i miss your charts and comments.

[nimblebear]

p.s. we will see many more 8 handle days. up and down. and also 7 handles too. Good luck H1

[MoneyFriend]

1050's would be a picture perfect place to get short imo.

[espresso]

940-950 next week is the top!