Let me ask you folks a simple question
#1
Posted 09 May 2010 - 12:04 PM
#2
Posted 09 May 2010 - 12:14 PM
#3
Posted 09 May 2010 - 12:28 PM
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#4
Posted 09 May 2010 - 12:37 PM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
Posted 09 May 2010 - 12:50 PM
Monday can be up though.
Government Mondays...
EU Races to Ready Emergency Fund, Fight Off 'Wolfpack' Before Asia Opens...
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#6
Posted 09 May 2010 - 01:02 PM
looks like its time to do so again. Note that we got the
signal following a price shock.
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=2&mn=2&dy=0&i=p20047759396&a=199848247&r=4903.png
#7
Posted 09 May 2010 - 01:05 PM
Edited by redfoliage2, 09 May 2010 - 01:08 PM.
#8
Posted 09 May 2010 - 01:09 PM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#9
Posted 09 May 2010 - 01:16 PM
I expected a 10% correction before this sharp down and I think it has been accomplished.
Yes or no ?
#10
Posted 09 May 2010 - 01:54 PM
I said this. I told ya so. I predicted this. Yes, congrats to all who said, told and predicted. That's past.
The funny thing is this is a bull market and nobody tries to predict the bottoms which they should. But everyone tries to nail the top of the bull market. There were at least 50+ top calls in this mini rally from Feb 10 on traders-talk alone. There were hardly any posts which called for a bottom in February. Most called for a countertrend rally to SPX 1090 or SPX 1120. The situation is similar now. Most are expecting another low. I gather there are many technicians on this board who can predict the markets from what i read. If so, here's a simple question.
Will SPX make a new recovery high before taking out last week's crash low ?
I need a unequivocal yes or no. You may provide the reasons, which would be a added bonus.
End of April was the TOP of the countertrend rally since 2009. It could have been January but it wasn' t. In February I had two possibilities 1) a bounce from February low to slightly below January high 2) a rebound going slightly above the January high. I was wrong because the rebound went much higher than the high of January. It was anyway the last bullish fraud as it is now being demonstrated.
forever and only a V-E-N-E-T-K-E-N - langbard