TARGETS: Dollar,SPX,Oil,Gold,Silver

Should we continue lower...and higher on dollar.....my higher odds outcome currently is all this is +- Dollar...90.75 SPX.....680///// Feb 24 potential low. Oil.......32.10 Gold....680 silver....8.06 cool match up on SPX and Gold ). I still do not expect the rally that occurs from this potential low will be a new secular bull but chances are really really good for a 62% rally closing the gap left at 1096. I expect spectacular rallies in oil gold silver. I do not expect new highs in any of these mentioned. Lets see what happens, Z

interesting update i also have the feb date as a key turning point, followed by a 60 day strong move in the other direction interesting weeks ahead "Obama yesterday released a report by his economic advisers that forecasts his two-year stimulus proposal would generate as many as 4 million jobs" - from bloomberg now he's going for 4 million jobs, up from 3 million, maybe we will hear 10 million jobs, if your spx target gets hit ;-) was that a political comment? well if i ask that question, well then maybe it is, or isn't it, definitely something to think about

I vote Obama gets so many people hired that we have a negative unemployment rate. Them we can import some more illegal aliens. U.F.O.

interesting update

i also have the feb date as a key turning point, followed by a 60 day strong move in the other direction

interesting weeks ahead

"Obama yesterday released a report by his economic advisers that forecasts his two-year stimulus proposal would generate as many as 4 million jobs" - from bloomberg

now he's going for 4 million jobs, up from 3 million, maybe we will hear 10 million jobs, if your spx target gets hit ;-)

was that a political comment? well if i ask that question, well then maybe it is, or isn't it, definitely something to think about

gold could turn around @ 650+- instead of the 680.

yeah Re several dates Feb 5th 12-13 and 23-24 lets see what happens. I am not going to post much weekly stuff the way this crazy market is but i will keep longer term as long as nothing has changed the longer outcome. Accept for my trade post fwiw.

I still think we take out the SPX 856.28 this week though.

Z

Z, Im thinking lower this week as well, Not that thats much of a TA opinion. Im wondering if we get a watershed decline towards 800 spx or a fake out tradable bounce 850 or so to suck in some bulls then roll over to head lower. Honestly I found myself trapped short last week during the rally and looking at a break even around 850. What stab would you give at a close thursday? Just your guess of course

Z,

Im thinking lower this week as well, Not that thats much of a TA opinion. Im wondering if we get a watershed decline towards 800 spx or a fake out tradable bounce 850 or so to suck in some bulls then roll over to head lower. Honestly I found myself trapped short last week during the rally and looking at a break even around 850. What stab would you give at a close thursday? Just your guess of course

O. the weeklies have been faking me a little and calling something for a specific day well that is really tuff except for a target zone. Sounds like your in option trouble.

What I feel good about is 856.28 is out of there this week and a trip to 852-847 may be in the cards. By next Tuesday we could visit the 836-842 area but one day at a time.

If 917 gets taken out and the bull is back.

Z

Z,

Im thinking lower this week as well, Not that thats much of a TA opinion. Im wondering if we get a watershed decline towards 800 spx or a fake out tradable bounce 850 or so to suck in some bulls then roll over to head lower. Honestly I found myself trapped short last week during the rally and looking at a break even around 850. What stab would you give at a close thursday? Just your guess of course

For what its worth, 833/35 by early Thursday and then a 974 top on Friday, 2 huge up days. Next top due Jan 22 near 1007. Next low due Jan 29.

Thanks Z, Ya you hit that right. Thx for sharing your thoughts... ................................................................................ ................................................................................ . ................................................................. And ditto to you blu, 833 seems doable, But Brother a hundred an 40 point rally by opex! Shew... what a ride if your correct.

Edited by opinionated, 11 January 2009 - 03:09 PM.

If one can like this pattern for a bear flag/pennant, then one can can target 647.77. (But there he goes again.)

If one can like this pattern for a bear flag/pennant, then one can can target 647.77. (But there he goes again.)

Yep S, I got 622+- also just saying 680 is very likely should we be traveling south. One can say 585-720 is the range but it won't stay there very long.

If this be the case this month's lows should reach 788-802.

Again if 917 gets taken out upside porky put the lipstick back on and I will be trading long more often.

Z