12 replies to this topic

[SemiBizz]

The gap will be filled soon... Gann Turn 1/6...

 

Correction long overdue will come.

[thoughtpwr]

If we are in a trading range, which is probable given our revisiting of the SPY 255 level, we should expect that even on moves to the top of the range, its likely we quickly get pulled back to 255. This continues for three cycles on individual stocks until we breakout one way or the other. Many of the weaker stocks have done that, but the stronger stocks have not completed this cycle or triple top.

[thoughtpwr]

One thing that the rise in this market is telling me is the strength isn't very broad, since I am still making money in my shorts the last two days as the market is up over 1.4% and in many instances I would have been chased from my shorts by now. We are in the last throws of the up move or have not quite finished the down move before matching the old high. The rally in gold is helping me as well, which has outlasted the moon cycle that terminated on 12/29 (supposedly a high) and a low is due 1/14.