Posted by dodgerdog on 19th of Mar 2009 at 09:06 pm
It sure does and I'm expecting a big move in the next two days
(I lean to the upside since it would likely fool the masses) but
will respect the the message of the market. We have gaps overhead
to fill which may suck the indexes higher if the break is to the
upside. I can draw the SPX pattern as a bullish flag (penant) or a
bearish descending triangle pattern. Simply put, respect the
direction it breaks.
This is the first time I've heard you vacillate. Don't lose
faith in your analysis. The onus of substance for a rally is on the
Bulls. The financials led this market rally and today they faded to
yesterdays levels. Meaning: no confidence in a sustained up market
advance. The Fed are grasping desperately for measures to establish
equilibrium and I believe the market will digest these measures as
futile in the short run and disastrous in the long term. I continue
to short the uptakes. Don't be mind faked by the press or the
administration. Keep up your excellent analysis!
Posted by xwallstx on 19th of Mar 2009 at 10:03 pm
my two cents. these are rigged markets and in rigged markets
technical analysis is not going to work, divergence is not going to
play out etc. this is a fed rigged and triple witching rigged
short squeeze. good luck to all and get short going into next
week.
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Any worrying bullish flags on
Posted by perthx on 19th of Mar 2009 at 04:08 pm
Any worrying bullish flags on the 60 min SPX chart?
WOW, Today's SPY action looks
Posted by perthx on 19th of Mar 2009 at 04:19 pm
WOW, Today's SPY action looks a lot March 9th's on the hourly chart. Similar pattern on the SPX.
It sure does and I'm
Posted by dodgerdog on 19th of Mar 2009 at 09:06 pm
It sure does and I'm expecting a big move in the next two days (I lean to the upside since it would likely fool the masses) but will respect the the message of the market. We have gaps overhead to fill which may suck the indexes higher if the break is to the upside. I can draw the SPX pattern as a bullish flag (penant) or a bearish descending triangle pattern. Simply put, respect the direction it breaks.
Topsy/Turvey
Posted by geotex on 19th of Mar 2009 at 09:56 pm
Matt,
This is the first time I've heard you vacillate. Don't lose faith in your analysis. The onus of substance for a rally is on the Bulls. The financials led this market rally and today they faded to yesterdays levels. Meaning: no confidence in a sustained up market advance. The Fed are grasping desperately for measures to establish equilibrium and I believe the market will digest these measures as futile in the short run and disastrous in the long term. I continue to short the uptakes. Don't be mind faked by the press or the administration. Keep up your excellent analysis!
my two cents. these are
Posted by xwallstx on 19th of Mar 2009 at 10:03 pm
my two cents. these are rigged markets and in rigged markets technical analysis is not going to work, divergence is not going to play out etc. this is a fed rigged and triple witching rigged short squeeze. good luck to all and get short going into next week.