Multi-Month Rally Dead Ahead?

There is now bullish price time divergence on the daily time frame. A close on the day in the ESH above yesterday’s high at 715.25 will be an outside day closing higher than the previous day’s high and this will be a buysignal…pull the trigger. (Tim Zabroskie)

I think we close at the high today too. The market is pulling in more fearless bears here. No fear. Short and move any move just short. We going much higher.

Amazing what 1 green day off the 12 year lows can do to the expectations

Amazing what 1 green day off the 12 year lows can do to the expectations

The market has to turn somewhere, ogm. "One green day" will, by definition, mark the beginning of any rally, big or small - if not now, then some other time...

Amazing what 1 green day off the 12 year lows can do to the expectations

The market has to turn somewhere, ogm. "One green day" will, by definition, mark the beginning of any rally, big or small - if not now, then some other time...

Market "HAS TO" .... insert your desired action here....


Does it really ? Are you sure ?

If everyone on CNBC was not short I would agree with you OGM , but turn on the tv and everyone is saying we have to test 600, this week, next week, It is not possible to go higher here its to negative. That is not how a bottom is made, it is made the way it was made in November where no one saw it coming, it will happen eventually, yes but not now, Probably in May, after we rally for a month or so and then trade sideways.

Amazing what 1 green day off the 12 year lows can do to the expectations

The market has to turn somewhere, ogm. "One green day" will, by definition, mark the beginning of any rally, big or small - if not now, then some other time...

Market "HAS TO" .... insert your desired action here....


Does it really ? Are you sure ?

When EVERYONE is negative you know its time to buy.


"Buy when there is blood in the streets, even if the blood is your own"

Edited by trioderob, 04 March 2009 - 02:28 PM.

To answer your question....YES, and NO, not immediately. Yes, we are about to embark on a multi-week rally, not multi-month. We still have some downside to hit...like 6200, 5200 and ultimiately 4200 DOW. Will these levels be hit in 2009? Not all of them, 2010 will mark a very important low...but who cares? We need to make money here and NOW not next year.....having said that, we'll make a lower low this month (minimum targeting 655 SPX) then sail onward and upward into April and possible July. Two highs scheduled from here (based on cycles)...April and July

Amazing what 1 green day off the 12 year lows can do to the expectations

The market has to turn somewhere, ogm. "One green day" will, by definition, mark the beginning of any rally, big or small - if not now, then some other time...

Market "HAS TO" .... insert your desired action here....


Does it really ? Are you sure ?

Yes, I am absolutely certain. Birds have to fly, dogs have to bark... and markets have to turn eventually. (Of course GE is another matter...)