This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Well, if the 1850/25 zone is hit in Feb, then a giant H/S.... indeed
Target downside for late spring would be the 1650/1575 zone...which would be pretty shocking.
Hell, that'd even offer a hit of the lower monthly bollinger... which would be suggestive that we've seen the end of the wave from 2009.
So... lets see how this wave goes.
*I will note.... unlike October - a clear bear failure... the bears have achieved a bearish monthly closing.
So.. from a pure technical perspective.. the situation IS different, and finally, after THREE years... momentum is actually swinging to the bears. -
Right now, a primary concern is the looming ECB QE-pomo program. Bears have a window... they need to whack this nonsense at least to 1920/00 within 2 weeks.
I can't help but believe this stock market is leveraged to oil. live chart http://www.cx-portal.com/wti/oil_en.html nitram
ReplyDeletethanks Nitram
DeleteHey CR, that outlook now looks quite likely.
ReplyDeleteThe more interesting issue is .... what happens from 1900 though?
A mere bounce to put in a lower high 2000/2050... or.... new highs into the spring?
Have a good weekend
Hi PD.....something like this maybe ?
ReplyDeletehttp://a.disquscdn.com/uploads/mediaembed/images/1681/884/original.jpg
Well, if the 1850/25 zone is hit in Feb, then a giant H/S.... indeed
ReplyDeleteTarget downside for late spring would be the 1650/1575 zone...which would be pretty shocking.
Hell, that'd even offer a hit of the lower monthly bollinger... which would be suggestive that we've seen the end of the wave from 2009.
So... lets see how this wave goes.
*I will note.... unlike October - a clear bear failure... the bears have achieved a bearish monthly closing.
So.. from a pure technical perspective.. the situation IS different, and finally, after THREE years... momentum is actually swinging to the bears.
-
Right now, a primary concern is the looming ECB QE-pomo program. Bears have a window... they need to whack this nonsense at least to 1920/00 within 2 weeks.