sp and intel

..................aka the army and the general looser. Below is a picture of actual situation. In july intel's earnings led to the break up of the indexes that had been accumulating till then in a bullish W pattern. Yesterday's earnings of intel come with the indexes at resistance and intel close to it (arbitrary obviously). This happens while the vix two days ago closed outside its lower bollinger band which in the past years has always marked an important (arbitrary) reversal a few trading sessions later. BUUULLISSSSH is the word................until the butchers come out and begin their job BTW today intel imo will hit 24 and reverse soon after marking a shooting star

Edited by andr99, 14 April 2010 - 03:48 AM.

do you see that gap (absolute) at 26.5 on intc.....that will get filled first (arbitrary) before the gaps below..in filling that gap it minus well go to 28 which is major resistance....that gap is the absolute evidence i need to know that your 24 arbitrary price reversal will not hold.. on the spx the bottom of wave two down is around the 1250 area...go back a little farther and draw the horizontal from that area....the breath alone is telling you that we most likely will get there(arbitrary) this mkt is going to end in a "blow off" which will be a spike...its natural for the capitulation to facilitate a blow off when the plethora of sentiment indicators stop working ...like the ndx in 2000 besides intc...we will get a trifecta today with retail sales and jpm

Edited by atlasshrugged, 14 April 2010 - 04:06 AM.

do you see that gap (absolute) at 26.5 on intc.....that will get filled first (arbitrary) before the gaps below..in filling that gap it minus well go to 28 which is major resistance....that gap is the absolute evidence
i need to know that your 24 arbitrary price reversal will not hold..


on the spx the bottom of wave two down is around the 1250 area...go back a little farther and draw the horizontal from that area....the breath alone is telling you that we most likely will get there(arbitrary)


this mkt is going to end in a "blow off" which will be a spike...its natural for the capitulation to facilitate a blow off when the plethora of sentiment indicators stop working ...like the ndx in 2000


besides intc...we will get a trifecta today with retail sales and jpm

well if you tell me the sp is going to 1250 because it 's the bottom of wave 2 ...................what else ? I know elliott's theory. It 's a theory just for those that don' t know what a scientific theory is. In elliott's theory there 's no way to distinguish to which greatness order a wave belong. This means that 1-2-3-4 could be instead (1)-(2)-1-2. You claim that sp is going to reach 1250 because it's wave 2 bottom.....................well..................let's wait and see. The same applies to my (arbitrary) lines ..................let's wait and see.

BTW At least you could recognize that intel has gone slightly down since 2003 while the nasdaq went in the same period from 1300 to 2900. Given that the army leads the generals.

absolutely the army leads the generals...its at the END of trends where the Generals are left standing holding the flag without their armies....so as traders of the indexes you have to recognize that its way to early to start shorting the indexes because the armies are still intact as deplicted by the AD LINE. also i want to mention that the naz composite has a gap at around 2570 or 100 points up from here....i am confident it will get filled....i am also confident that the gaps below our present price will get filled as well... i really expect an orgy of capitulation over the next month or so that will bring volume back in as the pros sell to the idiots jmho..arbitrary

Edited by atlasshrugged, 14 April 2010 - 04:36 AM.

absolutely the army leads the generals...its at the END of trends where the Generals are left standing holding the flag without their armies....so as traders of the indexes you have to recognize that its way to
early to start shorting the indexes because the armies are still intact as deplicted by the AD LINE.

also i want to mention that the naz composite has a gap at around 2570 or 100 points up from here....i am confident it will get filled....i am also confident that the gaps below our present price will get filled as well...

i really expect an orgy of capitulation over the next month or so that will bring volume back in as the pros sell to the idiots

jmho..arbitrary

well if the capitulation is next month..................to me that changes nothing. But what is clear to me is your bullish bias dictated by your 1250 wave 2 low. When I hear the word wave .........it makes me laugh. It's more esotheric than planets and alignaments. Never seen an unfilled gap that remains ........unfilled ? We will soon see if the pros are trapping the idiots at 1250 or..................... before.

BTW if they get to 1250............it's even better to me. My hat off to you if that happens.

Edited by andr99, 14 April 2010 - 04:46 AM.

forget "wave" 1250 area was the last solid SUPPORT before the crash......lets not argue over semantics... the only unfilled gaps are is the space between the ears of the legions of idiots who continually fight the trend so the spx going up 50 more points from here changes "nothing" ...that means that you arent short or dont have real money on the table...bottom line btw...jpm just reported thats the second horse...now for the trifecta...retail sales

forget "wave" 1250 area was the last solid SUPPORT before the crash......lets not argue over semantics...

the only unfilled gaps are is the space between the ears of the legions of idiots who continually fight the trend

so the spx going up 50 more points from here changes "nothing" ...that means that you arent short or dont have real money on the table...bottom line

btw...jpm just reported thats the second horse...now for the trifecta...retail sales

have you the property to understand nothing about what I say ? It changes nothing to me because I' m in but not as heavily as I can. I will be heavily in when I see a bounce from the first serious drop which so far hasn' t yet occurred. Hope to have filled the gap between your ears.

btw i havnt chosen a future price and decided to stay headstrong come hell or high water by staying long into that projected price...its merely a conjecture... i am simply following the trend although the ndx comp gap at 2600 is pretty likely to happen anyways right now i am right and your wrong...thats all that matters right now