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1100 will never be seen again in our lifetime


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#1 Rogerdodger

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Posted 22 August 2010 - 12:35 PM

MARK THIS DOWN:
"SPX 1100 WILL NEVER BE SEEN AGAIN IN OUR LIFETIME. (Unless it's in the next 10 days!)"
WORDS WHICH WILL LIVE IN INFAMY (One way or another) :lol:

http://stockcharts.c...1819&r=2737.PNG

Edited by Rogerdodger, 22 August 2010 - 12:40 PM.


#2 redfoliage2

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Posted 22 August 2010 - 12:46 PM

If the sentiment is bad enough we may get it. But I don't know it's bad enough or not :lol: RD: How bad is the sentiment?

Edited by redfoliage2, 22 August 2010 - 12:48 PM.


#3 selecto

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Posted 22 August 2010 - 12:48 PM

By the end of the year. But don't buy it just yet. :)

#4 Rogerdodger

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Posted 22 August 2010 - 12:53 PM

If the sentiment is bad enough we may get it. But I don't know it's bad enough or not :lol:
RD: How bad is the sentiment?


BULL/BEAR RATIOS:
Thrift S Plan: 08/27/10 44%
AAII: (as of 8/18/2010) 42%

Tickersense: 08/20/10 50%
Thrift S Plan: 08/20/10 32%
AAII: (as of 8/11/2010) 57%

Tickersense: 08/13/10 54%
Thrift S Plan: 08/13/10 62%
AAII: (as of 8/4/2010) 44%

Tickersense: 08/06/10 78%
Thrift S Plan: 08/06/10 51%
AAII: (as of 7/28/2010) 55%

Tickersense: 7/30/2010 78%
Thrift S Plan: 07/30/10 50%
AAII: (as of 7/22/2010) 42%

Tickersense: 7/22/2010 58%
Thrift S Plan: 7/22/2010 50%
AAII (as of 7/14/2010) 51%

Tickersense: 07/16/10 88%
Thrift S Plan:07/16/10 59%
AAII: (as of 7/7/2010) 27%

Edited by Rogerdodger, 22 August 2010 - 12:54 PM.


#5 Rogerdodger

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Posted 22 August 2010 - 01:00 PM

I felt like there was a heavy cloud over the market because of the Iran NUKE deal. Getting thru the weekend without any action should allow the markets to breathe a sigh of relief, however temporary.

#6 Rogerdodger

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Posted 22 August 2010 - 01:04 PM

Although August options expiration usually has an upward bias to it, last week I noted that the summations are headed in the wrong directiion.
They still are.

How about an early bottom Monday (like the 20th), but not enough of a bullish thrust to overcome this gravity well, which is a lot deeper than the well caused by the mid-july spill?
Then a roll-over that will test the June lows?


Why not? I don't know.
I think that any rally would be swimming against the stream.
But if we do rally, I expect it will be with very negative divergences.
The summations are going the wrong way. (Although they tend to lag.)

http://stockcharts.com/c-sc/sc?s=$NASI&p=D&yr=0&mn=6&dy=0&i=p54427049968&a=15771851&r=6889.png
http://stockcharts.com/c-sc/sc?s=$NYSI&p=D&yr=0&mn=6&dy=0&i=p40945859293&a=172898880&r=4756.png

It's funny that they turned on 8/10, IYB's sell signal.
It must have been a Studley date too. :bowtie: :P
Posted Image


Edited by Rogerdodger, 22 August 2010 - 01:06 PM.


#7 Echo

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Posted 22 August 2010 - 01:09 PM

I felt like there was a heavy cloud over the market because of the Iran NUKE deal.
Getting thru the weekend without any action should allow the markets to breathe a sigh of relief, however temporary.



Yes, I had the same feeling. Question is, now what?
Price action is bearish from a Hurst point of view for the next week or so (unless it turns out to be a cycle straddle due to you observation :P ).
Doc

#8 Rogerdodger

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Posted 22 August 2010 - 01:11 PM

"MARK THIS DOWN: "SPX 1100 WILL NEVER BE SEEN AGAIN IN OUR LIFETIME. (Unless it's in the next 10 days!)"" Caveat: This may only apply to really old traders. :lol: :P

#9 DrSP

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Posted 22 August 2010 - 01:43 PM

If Bradley only predicts turn dates, why do we need a graph? We can just draw a straight line and mark the dates on it, No?
You could be a billionaire or an industrial worker or a teacher or a moderator of a forum - Hold a good conscience because that is what matters.

#10 Rogerdodger

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Posted 22 August 2010 - 02:00 PM

If Bradley only predicts turn dates, why do we need a graph? We can just draw a straight line and mark the dates on it, No?


NO! :lol:

Edited by Rogerdodger, 22 August 2010 - 02:03 PM.