"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)
http://stockcharts.c...1819&r=2737.PNG
Edited by Rogerdodger, 22 August 2010 - 12:40 PM.
Posted 22 August 2010 - 12:35 PM
Edited by Rogerdodger, 22 August 2010 - 12:40 PM.
Posted 22 August 2010 - 12:46 PM
Edited by redfoliage2, 22 August 2010 - 12:48 PM.
Posted 22 August 2010 - 12:48 PM
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
RD: How bad is the sentiment?
Edited by Rogerdodger, 22 August 2010 - 12:54 PM.
Posted 22 August 2010 - 01:00 PM
Posted 22 August 2010 - 01:04 PM
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.
Edited by Rogerdodger, 22 August 2010 - 01:06 PM.
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.
Posted 22 August 2010 - 01:11 PM
Posted 22 August 2010 - 01:43 PM
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?
Edited by Rogerdodger, 22 August 2010 - 02:03 PM.