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1100 will never be seen again in our lifetime


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#21 Rogerdodger

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Posted 22 August 2010 - 03:38 PM

So the market will blow up through 1100 and never look back, or it will fall massively, into a longer secular bear.
Cute. How can you be wrong ? Only if it goes up over 1100, and then back down through it. I'd say the odds are high we see 1100 a lot with how this market has been trading since April.
looks to me like someone is bored, especially with the dearth of posts here on the board in recent weeks. ;)

A few years ago, a famous bull said that 1374 would never be seen again in our lifetime.
I think he was right...eventually.

I will be too. :P

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=2005-09-01&i=p46107161473&a=123330694&r=7403.png

Edited by Rogerdodger, 22 August 2010 - 03:40 PM.


#22 thespookyone

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Posted 22 August 2010 - 03:57 PM

Spooky, I think we saddle up into this coming (lucrative) fourth quarter of the 2nd
year presidential cycle to get a running start on the 3rd year, which has not closed
down since 1939.

The Bull should have a merry, merry Xmas 2010.

(How's that off a 30 minute chart.?) :lol: :purebs:


After we see SPX 879, it's all candy and gumdrops in my book-but I stand pretty much alone in that opinion(probably correct, LOL)

#23 Lee48

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Posted 22 August 2010 - 05:06 PM

I don't know about all that lifetime 1100 crap, but when the $nysi turns down it will last for 4 to 9 wks per the last 3 yr action. With 1 to 4 day rallies and a potential bombing of Iran sprinkled in of course.... That would sure speed things up on the downside... ;)

#24 IYB

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Posted 22 August 2010 - 06:35 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.



Until they look up at the EURO and it's crashing when it should be rallying... :rolleyes:

There's your REAL worry.

B)


Very good call so far SB. Are you looking for serious weakness right here? Tnx, D
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#25 VolPivots

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Posted 22 August 2010 - 06:35 PM

Not sure about our lifetime, but there's a chance, perhaps not again this year......especially if you believe in Elliot Wave's theory of alternation: April cycle high came late, late Aug/early Sep comes early?

Posted Image
Posted Image

Edited by VolPivots, 22 August 2010 - 06:38 PM.


#26 Rogerdodger

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Posted 22 August 2010 - 07:12 PM

1100 Will never be seen again in our lifetime
Caveat: This may only apply to really old traders.


It looks like Google ads took me seriously:

Posted Image

Edited by Rogerdodger, 22 August 2010 - 07:14 PM.


#27 SemiBizz

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Posted 22 August 2010 - 08:08 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.



Until they look up at the EURO and it's crashing when it should be rallying... :rolleyes:

There's your REAL worry.

B)


Very good call so far SB. Are you looking for serious weakness right here? Tnx, D


Already serious...

The other "locals" don't think too much of the Zero....

EUR/GBP at 60 day low tonight...

B)

Aloha...

Edited by SemiBizz, 22 August 2010 - 08:09 PM.

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#28 SemiBizz

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Posted 22 August 2010 - 08:22 PM

In fact if you look at the major crosses of the ZERO... the US$ is the only one that it is holding up against.... I suspect that could be stealth intervention. The ZERO is already at the 7/1 lows against the Swiss Franc and the Yen.

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#29 arbman

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Posted 22 August 2010 - 09:24 PM

Is it possible that you guys stop posting these funeral talks please?

#30 SemiBizz

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Posted 22 August 2010 - 10:19 PM

Is it possible that you guys stop posting these funeral talks please?


OK, this ought to cheer you up....

http://bigcharts.mar...&mocktick=1.gif

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics