33 replies to this topic

[zoropb]

We likely hit some kind of low tomorrow 1122 SPX-1114 then up again to perhaps 1142+-2 area. The sickest thing I could think of is 1119+-2 first hour and a half. Been shorting the pops in and out doing very nicely also got the core 25% to 1124.50 today the rest above and dumped all 1 min from close will likely add 10% to 20% if after hours hit 1122.50 (10%) or above other 10% and dump most in am lower. If I am correct that is Since I think we have at least another high. I will try the core again higher up. They way it is setting up is for a January high 1156-1176. fwiw Z

Edited by zoropb, 29 December 2009 - 04:58 PM.

[arbman]

If this is your prediction, then do you expect a very sharp 3-4 week sell off at the end of January to perhaps back to 1100 or lower? TIA

[zoropb]

If this is your prediction, then do you expect a very sharp 3-4 week sell off at the end of January to perhaps back to 1100 or lower? TIA

I meant yes arbs the sell off after this 1142 should last 3-5 days and only retrace to tomorrows lows area. Then up again to 1156-1176 that drop should last a min. of 3-4 weeks and drop to below 1050 min.

Edited by zoropb, 29 December 2009 - 05:08 PM.

[zoropb]

arbs I was watching the screen for the entry here. Again I apologize to everyone for my x- spellings and scrambled sentences sometimes between my languages and multi-tasking it's not easy. I do not mean to butcher the language.

[arbman]

If this is your prediction, then do you expect a very sharp 3-4 week sell off at the end of January to perhaps back to 1100 or lower? TIA

I meant yes arbs the sell off after this 1142 should last 3-5 days and only retrace to tomorrows lows area. Then up again to 1156-1176 that drop should last a min. of 3-4 weeks and drop to below 1050 min.

I see, I don't think these will happen.

However the first week of January should answer all these rather quickly. You are describing another Feb 2007 scenario for later January, I am rather looking for May 2006...

BTW, no need to apologize about typos, I am just as bad.

[zoropb]

If this is your prediction, then do you expect a very sharp 3-4 week sell off at the end of January to perhaps back to 1100 or lower? TIA

I meant yes arbs the sell off after this 1142 should last 3-5 days and only retrace to tomorrows lows area. Then up again to 1156-1176 that drop should last a min. of 3-4 weeks and drop to below 1050 min.

I see, I don't think these will happen.

However the first week of January should answer all these rather quickly. You are describing another Feb 2007 scenario for later January, I am rather looking for May 2006...

BTW, no need to apologize about typos, I am just as bad.

Nah your like TOLSTOY compared to my writing arbs.

I never look in the rear view mirror as the market almost always has a way of kicking your butt when you feel comfy in a fractal.

I stare at the charts arbs.

Edited by zoropb, 29 December 2009 - 05:37 PM.

[zoropb]

Hey arbs the odds favor the shorts from 1120 SPX at 2 to 1 so no mater what happens in the next month he who stays at the party to "Long" up here will be hurting if they hold for that correction. At 1142 it is 4 to 1

[IYB]

We likely hit some kind of low tomorrow 1122 SPX-1114 then up again to perhaps 1142+-2 area.

Hi ho Z. The 1142 area- when? are you talking Thursday....or next week? TIA Bud, D

[zoropb]

We likely hit some kind of low tomorrow 1122 SPX-1114 then up again to perhaps 1142+-2 area.

Hi ho Z. The 1142 area- when? are you talking Thursday....or next week? TIA Bud, D

D around Jan 6-8

[jjc]

If this is your prediction, then do you expect a very sharp 3-4 week sell off at the end of January to perhaps back to 1100 or lower? TIA

I meant yes arbs the sell off after this 1142 should last 3-5 days and only retrace to tomorrows lows area. Then up again to 1156-1176 that drop should last a min. of 3-4 weeks and drop to below 1050 min.

The problem is, as I see it, once the bottom trendline is broken we are due the proper retracement.