We are starting to look like the Santa rally is upon us... we tried down several times and 2080 has proven excellent support. If we close near this high today or take it out the cup and handle formation targets 2120-2135.
In my opinion Fearless Forecast
Started by
opinionated
, Dec 01 2015 01:17 PM
6 replies to this topic
#2
SemiBizz
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Posted 01 December 2015 - 01:40 PM
I see it slightly differently... all they did in the last two weeks is hold prices up...
Today they got the monthly gaps in place... now they are trying to hold that for the next 2 wks into the silly F'ed meetings.
Bears got nuttin' until those gaps fill.
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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 http://parler.com/Volumedynamics
#3
clueless
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Posted 01 December 2015 - 02:14 PM
with volume this low, they can do anything. hard to see it as legitimate.
#4
opinionated
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Posted 01 December 2015 - 02:28 PM
Semi
Exactly... bear got nothing and had a lot of chances to challenge as the 2070-80 area was tested too but....
Exactly... bear got nothing and had a lot of chances to challenge as the 2070-80 area was tested too but....
Edited by opinionated, 01 December 2015 - 02:30 PM.
#5
opinionated
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Posted 01 December 2015 - 03:29 PM
#VX_F spread is -2.05 now // remember last month this spread nailed the #SPX low.....
#6
Iblayz
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Posted 01 December 2015 - 08:01 PM
New highs will be made but imo after the first of the year. Technical condition of the market did not support this. What the operators did today was simple. They continued their pattern of stealing money from the pension and 401k fund managers. For the life of me, I don't get why these seemingly smart people continue to allow the pigs to make them pay higher prices virtually every month. On the other hand SPX has to go back (and will) to the 2000 area because that 1998.5 futures low on the morning of 11/16 has not only NOT been tested but it was a new low for the move and the cash DID NOT got there........and didn't get real close.
#7
diogenes227
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Posted 01 December 2015 - 09:29 PM
We are starting to look like the Santa rally is upon us... we tried down several times and 2080 has proven excellent support. If we close near this high today or take it out the cup and handle formation targets 2120-2135.
Yup, appears so.
Today put in another low above a low on the NYMO with a rising NYSI so it appears we have a typical McClellan oscillator cycle unfolding. If so, we have just entered the third week from the NYMO low and typically tops form roughly in the seventh to tenth week, which puts us right into the glare of Rudolf with his nose so bright...
Maybe the Fed will mess things up mid-December but at this moment (just a guess) it appears more likely it'll provide the final push.
On a personal note, I'm kind of pleased this swing began once again with more than 40 sells on my nifty-50 list of stocks. Getting to be rather reliable. 
Good luck and good trading.
Edited by diogenes227, 01 December 2015 - 09:32 PM.
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