uempel wrote:Just out of curiosity - how many guys are shorting 1494?
I went short eod yesterday
I'd love to go short - but the only valid back-up that I see at the moment is resistance, tons of resistance.. Most of my other indicators are in buy mode...
Bought SPXU after market yesterday. Covered in the morning.
Bought back again at 32.65 - just little portion - less than 20%.
You are master here - Uempel.
No, no, I'm as helpless as everybody else. Small bullish position, but I'm not really convinced, don''t know when the market wants to correct the overbought status. 1494, 1510, 1525?
TraderGirl wrote:Dow sitting at 78% fib ext from Sept high/Nov Low
Also, near 61% fib ext from Oct 2011 low to April 2012 high...around 13,855...
Merriman bearish the from 24th -30th
Also Merriman....With the failure of last week’s Venus translation to correspond to a major market reversal, our attention now shifts to next week’s full moon of January 26 (a Saturday). This is actually in the midst of multiple important planetary signatures involving Jupiter. On January 25, the Sun will form a harmonious trine to the big guy (Jupiter). On January 30, the largest planet of our solar system will turn from retrograde to direct motion. On the same day, the Sun will form a square aspect to Saturn, which symbolically annoys the big guy. Jupiter’s nature is to expand and be jovial, optimistic, without many cares in the world. Saturn, however, is the party-crasher. Suddenly there are concerns as worries – and not hopes – begin to grow.
But that’s not the only cosmic contradiction (as if the world needs more contradictions right now). From January 24-30, transiting Mars will form both a powerful square and trine to key components of the New York Stock Exchange chart (born May 17, 1792). It is not uncommon for the DJIA to have at least one triple digit decline around this time.
I have read that as well regarding Mars square causing triple digit decline on his main page. Mine is from Sunday's weekly report...so at this point...it's hard to tell which aspect will take over, which is why he described both scenario's in his weekly report...
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Here’s more on the “Dow Theory” signal we’ve been yapping about
Hulbert calls the Dow-Theorists’ rivalry an intramural sport
I say get your “Theory” straight already………they are about as ambiguous as the EW-counters http://www.marketwatch.com/story/the-do ... hare_tweet
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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TraderGirl wrote:XIV...no idea when it will top out...but sitting around 61% fib extension...
I am watching this channel, but looks like XIV is heading to 28 area...I shorted she yesterday at 22 but will have to cover iafter pullback likely to 21 then will wait till 28 for another shot
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My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Al_Dente wrote:Here’s more on the “Dow Theory” signal we’ve been yapping about
Hulbert calls the Dow-Theorists’ rivalry an intramural sport
I say get your “Theory” straight already………they are about as ambiguous as the EW-counters http://www.marketwatch.com/story/the-do ... hare_tweet
My simple chart can tell better story than these what so called Theorist.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Guys, I know it's boring everyday, but considering I'm working hard here everyday, so please take a little time to vote for me, thank. https://stockcharts.com/public/1684859/tenpp
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Good calls once again, Cobra.
I just voted. Thanks for the reminder.
Charts posted are not recommendations. They are just a sharing of information.
TraderGirl wrote:XIV...no idea when it will top out...but sitting around 61% fib extension...
I am watching this channel, but looks like XIV is heading to 28 area...I shorted she yesterday at 22 but will have to cover iafter pullback likely to 21 then will wait till 28 for another shot
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Nice Channel Keizai...this channel says resistance at $23...