NZSX50 - Good News!

[wbosher]

Hmmm, might have trouble explaining the "we're homeless, honey" part to the wife.

[Hoop]

wbosher Hmmm, might have trouble explaining the "we're homeless, honey" part to the wife.

no trouble!! ...after uttering those 3 words there's a great chance she won't be your wife anymore.

Life is all to do with mathematical probabilities

[pedro.nz]

Ah, but how many of you have actually checked to see if 19/12/2011 is a trading day

[dumbass]

Just putting a balanced perspective on things , i see a new high around 961.234 on the SP 500 and then a downleg next thursday.
It will then be referred too in future economic's texts as 'Turd Thursday',the day the markets crashed.

[Corporate]

Just putting a balanced perspective on things , i see a new high around 961.234 on the SP 500 and then a downleg next thursday.
It will then be referred too in future economic's texts as 'Turd Thursday',the day the markets crashed.

Dumbass - can you explain how you come up with your prediction of 'Turd Thursday'?

[dumbass]

it was the only day of the week that rhymed with turd apart from tuesday.

[Xerof]

Wave 5 of 5 of C

Is that the end of a Wave 2 on your count DA?

[dumbass]

i've got it pegged as a wave B.

[dumbass]

Dumbass - can you explain how you come up with your prediction of 'Turd Thursday'?

here goes in a brief summary

Since the March low the market has rallied for three months and has gained 43% during this period. I also noted that there would be claims of a new bull market, bullish sentiment would reach bull market levels, and the Nasdaq (+47%) would likely lead. The market is now approaching those targets as the SP 500 hit 958 on friday. With most of the gains already in the books it's time to start looking for signs of an end to this uptrend. When Primary wave B does conclude, a declining Primary wave C will take the market back to the March lows, or even lower. This bear market is not over yet.
Long term pivots have halted every uptrend of this entire bear market. Should this market get significantly above 961, the next long term pivot is not until SPX 1041. Another characteristic of this bear market is that every uptrend but one ended on a negative RSI divergence on the weekly charts. We now have a negative RSI divergence in place. In fact, there are also negative RSI divergences on every time frame.











Below friday's close at SP500 940, there are two levels of importance: SP 912 and SP 876. A decline below SP 912 would likely indicate that the uptrend has ended. A decline below SPX 876 would nearly assure it.

my feeling is we could have a blow off top around 1014- 1040 if this 5th wave extends but certainly top could be very close.

[Phaedrus]

Today the NZSX50 formed a "Golden Cross". This is a Bullish event, formed when a 50 day moving average crosses above a 200 day moving average. Statistically, these are typically followed by a 19.2% pa rise as plotted below. This puts us right on target for our 19/12/2011 date to regain the highs of 2007.
Nice confirmation eh?