I think we are about to go parabolic...

look at the expanding new highs vs new lows on the spx the ted spread dropped 4% technology is leading housing sector hgx is up 3% front page of san diego times reporting home sales/ price on the rise GS up 4%

i have simiar feelings..market is in blow off..watch for fireworks..remembering how OIL had a huge parabolic move in 2008...this market will end like that....in tears...

yes, it looks like parabolic is next stage

you only have to watch RTH (retail) and marvel...and benny is nervous about consumer spending

Edited by andiron, 14 April 2010 - 12:24 PM.

then again, if the parabola has already been forming ... and the x-squared term is negative ... maybe we are at the point where the first derivative equals zero ... that is, at the maximum

OK folks...let's slow down a little here.

With the MCSUM as high as it is, the odds of our going parabolic - that is - where we see high percentage moves in a short amount of time - is quite low.

HOWEVER, with the MCSUM as high as it is, the trend does become undeniable in its scope. This means that we can remain at extremes for long periods of time, with daily surprises coming in the direction of these same imbalances between traders (heavy on the buy side, heavy on the sell side).

The price objective has been, and continues to be, 1225 + or - 3 points. Just the very mention of the word parabolic, as it would be for crashes, is more consistent to our being close to some kind of exhaustion, but necessarily one that would resemble a spike (stocks tend to have rounding tops and spike bottoms - just the opposite for commodities). Let's see how things look when we reach this near term objective, in which I personally consider, highly important to the longer term expectation of whether we'll be able to test the all time price highs or not during this sequence from March 09 lows...and maybe beyond.

Fib

OK folks...let's slow down a little here.

With the MCSUM as high as it is, the odds of our going parabolic - that is - where we see high percentage moves in a short amount of time - is quite low.

HOWEVER, with the MCSUM as high as it is, the trend does become undeniable in its scope. This means that we can remain at extremes for long periods of time, with daily surprises coming in the direction of these same imbalances between traders (heavy on the buy side, heavy on the sell side).

The price objective has been, and continues to be, 1225 + or - 3 points. Just the very mention of the word parabolic, as it would be for crashes, is more consistent to our being close to some kind of exhaustion, but necessarily one that would resemble a spike (stocks tend to have rounding tops and spike bottoms - just the opposite for commodities). Let's see how things look when we reach this near term objective, in which I personally consider, highly important to the longer term expectation of whether we'll be able to test the all time price highs or not during this sequence from March 09 lows...and maybe beyond.

Fib

Fib. i expect the all time highs to be tested/exceeded on SPX. my forecast is for a test of the old highs by the end of 2011 into early 2012.

look at the expanding new highs vs new lows on the spx

the ted spread dropped 4%

technology is leading

housing sector hgx is up 3%


front page of san diego times reporting home sales/ price on the rise

GS up 4%

Im definitely cheering for a parabolic upside move. I think a risk on trade with emerging markets going 5% plus above the highs of this rally since the march 09 lows, the Euro and Pound staging a nice rebound and oil heading towards 90's with the market following along nicely is definitely not out of the question. This market has seen good breadth corrections while price has gone sideways. I think this sideways market action is showing us how strong this market really is.

"The price objective has been, and continues to be, 1225 + or - 3 points." Agreed.

What happened to "you know who"? Haven't heard from him here in a long time. Is he well? I'm asking because he called this, if I recall correctly, early last year. He was right... something about a 5 of a 5 or a 3 of a 3? Anyone know where he can be found?