5 replies to this topic

[LarryT]

1363, top of the DEAD ZONE in sight

http://www.youtube.c...8...ted&search=

We may get a short term bottom at ES 1371 +/- 3 pts.

[emkay]

21 MONTH SMA FOR SPX IS AT 1367.25. MAY FIND SUPPORT HERE.

[relax]

Hi larry, this week had an up bias - could this week's action neutralize next week's negative bias? german dax is at big support here at 7.200 - maybe 100 more down, but that is it IMO so support here seems plausible what is your forecast for the rest of the year - of course it's tough to call, but just a rough forecast Thanks - great you're posting here!

[LarryT]

Hi larry,

this week had an up bias - could this week's action neutralize next week's negative bias?

german dax is at big support here at 7.200 - maybe 100 more down, but that is it IMO

so support here seems plausible

what is your forecast for the rest of the year - of course it's tough to call, but just a rough forecast

Thanks - great you're posting here!

We still have time remaining in the up bias until Monday so until then its an open possibility. ES support at 1371 +/- 3 pts has been tested and we may get a run at 1425 from here. The year, down into late Aug-early Sep, rally into November - Dec. Third quarter projected low 1398 has been "peeked" below today so until I get Septembers projections Fibonacci wave projections are the next best guide and we are within plus or minus slippage of a low. Be aware the market can simply crash from here so anything is possible to the downside now.

Larry

[relax]

exactly anything can happen! cheers

[pabletto]

1363, top of the DEAD ZONE in sight

http://www.youtube.c...8...ted&search=

We may get a short term bottom at ES 1371 +/- 3 pts.

thanks