Big Up Day Coming

Still holding long on DOW and Hang Seng. Expect Jan highs to be tested if not even busted. This was a difficult swing trade but still determined to hold it through.

I think it will be a religious day tomorrow for bulls, some bears will find themselves finding a new faith! Although their faith will be quickly betrayed, me thinks!

HSI has a failing reverse head and shoulder pattern, if it is a leading sign, we are heading to the down side. But it could be reversed tonight. watch out carefully. speaking of religious, rocketman has a top date for today. I think that it is about time. I have another indicator, which says that we are around the top now. This indicator implied that tomorrow might not fall, but the upside won't be higher than today's high, if it does fall, it is just the rule as usual.

Edited by q4wer, 04 March 2010 - 06:54 PM.

HSI has a failing reverse head and shoulder pattern, if it is a leading sign, we are heading to the down side. But it could be reversed tonight. watch out carefully.

speaking of religious, rocketman has a top date for today. I think that it is about time.

I have another indicator, which says that we are around the top now. This indicator implied that tomorrow might not fall, but the upside won't be higher than today's high, if it does fall, it is just the rule as usual.

I have a different view. HSI rejected by 50 days MA yesterday but support by 200 days MA. So far have shown higher highs and higher lows. It has to break the 50 days MA to the upside otherwise kaboom!

Rocketman's top is for tomorrow I suppose. I agree with him, tomorrow is the 19th day of the very currently dominant and seasonal 30 day harmonics. The cyclical path expects a reversal or consolidation till the middle of the month... In my measures the cycle lows that were supposed to come for 64-68 wks will complete the last lows around March 12th... The major focal was March 5th tomorrow, but I think the lows came early and we got a decent sell off at the end of February, so the major cycle has basically either bottomed or a little more volatility left ahead next week... So this rally is probably still within the bounds of bottoming. But I do not expect new lows, perhaps a deep retracement... The H&S pattern in the hourly charts failed, next the I H&S on daily charts to fail, probably not, but it may not resolve as fast as some would hope to cash out!

Edited by arbman, 04 March 2010 - 07:03 PM.

I think it will be a religious day tomorrow for bulls, some bears will find themselves finding a new faith!

Although their faith will be quickly betrayed, me thinks!

AMEN. I always thought that ******* is with the Bulls!

arbman, here is the link for Rocketman: http://timeandcycles.blogspot.com/ he means that today is the top, and low is ahead

His March low of 2009 was very impressive, hopefully he is right this time. Also 3/1 bradley date is not far, today may serve as a bradley turn too.

Edited by q4wer, 04 March 2010 - 07:07 PM.

my thinking is this: Tomorrow the UE number is iffy, bulls come in and rush out the bear stops and then the real game starts.

my thinking is this: Tomorrow the UE number is iffy, bulls come in and rush out the bear stops and then the real game starts.

Nikkei very strong at the moment. Probably a 300 points day. That is usually start a of trend which last a few days.

Nikkei very strong at the moment. Probably a 300 points day. That is usually start a of trend which last a few days.

There will come a time that the market will not be able to ignore Euro's inability to bounce for so long... Perhaps next week... I don't think it is bottoming all that well actually... It does feel like it wants to make another low, or 4-5 more...

If the 1996 pattern happens, Euro will not recover for a long time, we are talking about months. Then, Fed will find itself inflating away forever as the worldwide demand in USD will increase (relatively speaking)... It could mean a pretty significant US Equity rally perhaps unless the banks pull another mortgage crisis of some sort due to the commercials as the rates are headed higher...

Edited by arbman, 04 March 2010 - 07:24 PM.