jonerica wrote:Funds have vested interest to close the year positive... above 1258 will do it. We should see a low made on 3rd Jan, possibly gapping down. A bounce to 5th Jan, and a major low made 17th Jan.
Current time cycles are pressuring a movement lower with the Hurst
cycle due next week, the 10 TD low on 10th Jan, full moon on 9th Jan and
major cycle low on 17th Jan, coinciding with the 55 TD from 28th Oct
peak. Plus, the daily indicators are overbought and looks to cross down
anytime. They are nowhere near a bottom yet.
resistance. not sure if there's another leg down or not.
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or bullshit, which is how i felt about the market this year.
regardless - wish you all the best of luck for this coming year.
until next year...
Aloha
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ddd wrote:Range Bar Charts - above 20MA band, no short yet. Watching for whether the a-b-c adjustment is done or not.
Your TDameritrade account number is on public display.
Doh! B careful peepz.
BTW- something to note on VIX futures... looks like Italian debt rollover is 'expected' to go without a hitch. Maybe it will. Or maybe VIX futures expiring on those months is trading at a big discount. You tell me- we gonna have smooth rollover of a seriously big chunk of Italy's debt early next year?
IBM is weakest in the DOW, and has been most of the day
Did somebody here have stats on DOW weighting, like IBM was 12% or 19% or something of the DOW?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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::::::::::::::::::::::::: HAPPY NEW YEAR 2012 :::::::::::::::::::::::::
::::::::::::::::::::::::: HAPPY NEW YEAR 2012 :::::::::::::::::::::::::
Fly high for all Longs
Deep under the bottom of sea for Shorts