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Mike Burke of Investors Intelligence wrote quite a bit about "fence-sitters", "Neutral postures", "correction warning" and other 'tweener states.fehro wrote:only thing going up is fence sitters…
Using SPX as a proxy.. as I prefer.. SPX 2466.64 (2008 666.79) not sure.. NDX/COMPQ lag.. no new ATH on them.. the 9 year rally is toast. Tag that level and reverse.. and hit the lower pink at Jackson Hole in AUG.. with no new ATH NDX/COMPQ .. all hell breaks loose in the fall .. sharp drop. fwiwQED wrote:Fehro, your best guess:
On the /ES ... which do we see first: 2,400 or 2,500?
Thanks!
Small crapers want gap closure or do they keep running downTrades with cats wrote:Smalls are into the Yellen gap.
Would be super ironic if they closed the gap while she is testifying to the senate.
Or Today? top?fehro wrote:Using SPX as a proxy.. as I prefer.. SPX 2466.64 (2008 666.79) not sure.. NDX/COMPQ lag.. no new ATH on them.. the 9 year rally is toast. Tag that level and reverse.. and hit the lower pink at Jackson Hole in AUG.. with no new ATH NDX/COMPQ .. all hell breaks loose in the fall .. sharp drop. fwiwQED wrote:Fehro, your best guess:
On the /ES ... which do we see first: 2,400 or 2,500?
Thanks!
2yr target tagged -ish
she saw my chart.Trades with cats wrote:What did she say ?