Edited by .Blizzard, 09 May 2007 - 02:10 PM.
Where is the pain?
Started by
.Blizzard
, May 09 2007 02:00 PM
5 replies to this topic
#1
Posted 09 May 2007 - 02:00 PM
with more confidence.....at this point the seasonality will do the rest
100% from 1498.5
My hard stop is at 1527 and it can't be reached for sure ( )
Expecting a large, severe decline till late June early July
Guys, fasten your seat belts, because it's going to be a very bumpy ride
Let's see how the bulls really burned their money
Do you remenber my old post....the market turns on May 10
Well I was a bit early anticipating my short entry.....but now the time has arrived
#2
Posted 09 May 2007 - 02:11 PM
1527 - What is that stop based on ?
#3
Posted 09 May 2007 - 02:17 PM
1527 - What is that stop based on ?
161.8 fib extension from 2/22 high and 3/14 low
#4
Posted 09 May 2007 - 02:54 PM
1527 - What is that stop based on ?
161.8 fib extension from 2/22 high and 3/14 low
1527 and I am gone. 1566 should be the next natural target
Above 1527 and this thing can't be shorted till mid/late June (inverted cycle)
.....but I am still confident that we are approaching the market turn
#5
Posted 09 May 2007 - 06:35 PM
Can't remember who posted this chart, but here is an update.
If new highs don't turn up here the downside could pile up
quick.
I might have to add to hedge here.
If new highs don't turn up here the downside could pile up
quick.
I might have to add to hedge here.
#6
Posted 09 May 2007 - 06:51 PM
Price volume is telling me there is a negative divergence between the two...it also says we are going to move higher.
Until we get more downside pressure with volume we are going higher.