04/14/2012 Weekend Discussion

[SWalsh]

Not good looking for bulls, see my blog on my view. the major top is here or close but that is all about time frame. vix bottoming zone and a pull back to 61.8% is not a crazy idea. I am eyeing 133 for now

I'm not at all bullish on this manipulated mkt. I have been told that Prechter thinks it's manipulated, but adhering to Elliott Waves in its manipulation. Coming from someone who shorted at no better than 1050 that's not worth much.

I see a lot of classical TA saying we have a top in. Here's where it could chew people up for weeks before it drops. This triangle possibility is only invalidated with breaking 1338.5. What could cause this formation? The money quietly appearing that they said wasn't being put out there and remembering a time-tested saying: "Nothing is official until it is denied"