You nailed it.My parameters have changed as of today. What would normally mark a high is now giving me signals that the markets may blow through tomorrow......
Nice Call Arb
Started by
IYB
, Mar 06 2010 01:46 AM
3 replies to this topic
#1
IYB
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Posted 06 March 2010 - 01:46 AM
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#2
arbman
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Posted 06 March 2010 - 03:20 AM
Thanks D, but was it all that hard to see that it was coming? We had a consolidation where the breadth momentum continued to rush higher and people were trying to sell short on Thursday morning, all the ingredients for a sharp short squeeze. The market started to rally minutes after my post and never looked back, typical when the operators decide to take no prisoners. Today was a religious day for bulls, a lot of recognition at the close, I think Monday morning may complete the "process"...
#3
typicalbear
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Posted 06 March 2010 - 08:03 AM
As expected, and posted in early Feb, we have an anniversary high in the early March time frame. This is in contrast to the consensus for a cycle low around 1020. Now, I'm looking forward to a push higher, without any serious corrections, into the early June time frame. This will spoil the party for the "sell in May" crowd and all those expecting a May top.
#4
arbman
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Posted 06 March 2010 - 02:21 PM
Yes TB, If the 64-66 week cycle is in force and it is left translated, you would still expect it to carry the markets higher for 1/3 to 1/2 of the way. This is anywhere from 22-32 weeks of up trend, it vaguely places a possibility of a top around the middle of July through early September...
