signs of a big upday out of the weekend full moon

after an insignificant visit to the red zone, i like the calm, firming markets we see. that is not the signature of a market on the cusp of a collapse, as the increasingly aggressive bears insist. an upday out of the weekend full moon would be a POWERFULLY BULLISH indicator that a sharply higher impulse wave has begun, one which will last weeks. and i think we will get that upday today. the last half of last week we were immersed in horrid (and irrelevant) news, both on the financial channels and here. widespread earnings' warnings and dire job and economy forecasts wrapped around us and choked us like a sandstorm. i like to stay in touch, but finally i said "no mas" and turned off the news so that i could listen only to my guru, ms. market. i think i heard her say: "duh: all this horrid news. look at the chart! we are up 20% in less than two months with nasty news coming out every day. does THAT look like a bear market?" quote: "does THAT look like a bear market?" does it look like a bear to you?

after an insignificant visit to the red zone, i like the calm, firming markets we see. that is not the signature of a market on the cusp of a collapse, as the increasingly aggressive bears insist.

an upday out of the weekend full moon would be a POWERFULLY BULLISH indicator that a sharply higher impulse wave has begun, one which will last weeks. and i think we will get that upday today. the last half of last week we were immersed in horrid (and irrelevant) news, both on the financial channels and here.

widespread earnings' warnings and dire job and economy forecasts wrapped around us and choked us like a sandstorm. i like to stay in touch, but finally i said "no mas" and turned off the news so that i could listen only to my guru, ms. market. i think i heard her say: "duh: all this horrid news. look at the chart! we are up 20% in less than two months with nasty news coming out every day. does THAT look like a bear market?"

quote: "does THAT look like a bear market?"


does it look like a bear to you?

yes it does to me. Most probably we are at the final wave 5 down.....the end of the first leg of this bear market. Don t worry the final wave 5 will come to you....after that we can have the big rally you are expecting. Now, if we are not yet in wave 5, then it should come soon....after another down and up which will not exceed the previous highs at 944. Now, my guess is that either we are in wave 1 of the final wave 5 down and a fast rally which will fade quickly will come from around 820 OR the final leg e (if we are still in a triangle) will also come from 820.

Edited by nicolasillo, 12 January 2009 - 04:50 AM.

nico: your comments are appreciated and always presented in a civil manner. i understand your ewave count and your anticipation of a final 5th. my count is similar, FWIW, except that i view the 1576-741 action as an abc of a completed A of a larger developing C or perhaps ABCDE off of 1576. that implies a powerful B to the upside in progress. we will see what ms. market thinks of all of this ... ™

after an insignificant visit to the red zone, i like the calm, firming markets we see. that is not the signature of a market on the cusp of a collapse, as the increasingly aggressive bears insist.

an upday out of the weekend full moon would be a POWERFULLY BULLISH indicator that a sharply higher impulse wave has begun, one which will last weeks. and i think we will get that upday today. the last half of last week we were immersed in horrid (and irrelevant) news, both on the financial channels and here.

widespread earnings' warnings and dire job and economy forecasts wrapped around us and choked us like a sandstorm. i like to stay in touch, but finally i said "no mas" and turned off the news so that i could listen only to my guru, ms. market. i think i heard her say: "duh: all this horrid news. look at the chart! we are up 20% in less than two months with nasty news coming out every day. does THAT look like a bear market?"

quote: "does THAT look like a bear market?"


does it look like a bear to you?

Humble1, you are the most bullish person I have read.

Here is a count for you. From the November low we had an 18 day leading diagonal for "i". We then had a correction ending either Dec 22 or Dec 29 for the SPX. Dec 22 seems too short of a correction. But either way we then started "iii" of I or A. We finished "i" of "iii" last week and working on "ii" of "iii". We have 2 quiet days at the beginning of the week here and start up hard and fast on Wednesday. That is the most bullish count I can find. I have no idea if it is correct.

base of wedge ~815 later this week is my ff

hawkeyefan: now that is a count a bull can love. thanks and ... GO IOWA! ____________________________________________________ liberatorium: you support your case with impressive analysis and charts. please update as the story develops.

Edited by humble1, 12 January 2009 - 09:23 AM.

thx humble, also watching gold these days.. target a little below $600 for starters

I see a bounce transpiring from the 865-870 area where two major trendlines intersect, the falling downtrendline from the early October highs and the rising trendline for the flag pattern.

We just broke 880....looks like a bear.....

data: the t/l cross you mentioned looks powerful!