A possible tradable bottom in a week or so
#1
Posted 13 March 2007 - 05:48 PM
#2
Posted 13 March 2007 - 06:06 PM
#3
Posted 13 March 2007 - 06:12 PM
we are close in terms of time not distance...
I will let you know when we hit the exact bottom within minutes ...
SPX 1290, Qs=36.9 is what I am looking for. How about you?
I also think we are close in time, because we need to reach Qs=32 by early May for Bernanke to cut rates. Time is running out.
Edited by greenie, 13 March 2007 - 06:13 PM.
It's the illiquidity, stupid !
#4
Posted 13 March 2007 - 06:28 PM
I'll be looking for you.
[attachment=5383:attachment]
Well, if you know where I think it might be, you really wouldnt care it for now
Get a telescope because that is the only way I can show you something that distant.
We have much more to go on the downside... more than most cant conceive of at the moment.
And here comes the boldest part of the prediction. We will get there in a week or so.
Edited by xD&Cox, 13 March 2007 - 06:28 PM.
#5
Posted 13 March 2007 - 06:28 PM
#6
Posted 13 March 2007 - 06:36 PM
we are close in terms of time not distance...
I will let you know when we hit the exact bottom within minutes ...
SPX 1290, Qs=36.9 is what I am looking for. How about you?
I also think we are close in time, because we need to reach Qs=32 by early May for Bernanke to cut rates. Time is running out.
I truly dont know the price level, all I know we are going down fast now...
I will only know when we get there, within hours.
It never missed so far..that indicator and its derivatives from the summer lows...started flashing...
My take is that the major indices all need to test and penetrate their respective 200 dma prior to a tradeable bounce. We're roughly half-way there.
I believe it is going much lower... However I understand sentiment getting bearish and equity P/C flying so we may bump a few stone on the way down.
#7
Posted 13 March 2007 - 06:48 PM
Edited by paulstan, 13 March 2007 - 06:49 PM.
#8
Posted 13 March 2007 - 06:49 PM
Be Sure to Perform Your Own Due Diligence
#9
Posted 13 March 2007 - 06:51 PM
My take is that the major indices all need to test and penetrate their respective 200 dma prior to a tradeable bounce. We're roughly half-way there.
That seems the most logical and obvious but most unlikely given the current internals the bear is feeding on...
Especially Nasdaq Composite may go through it like a hot knife through butter
#10
Posted 13 March 2007 - 06:53 PM
Edited by Teaparty, 13 March 2007 - 06:53 PM.