SPX 500 *1930 - *1950 - *1975 next
...surprise surprise no TOP in sight just yet
Kind Regards
... have to add *2000 as well - nice round number
... and also agree with Belgarion re: not going end well, we have a global economic recovery in front of us before that
...well Belgarion, of course no one can be sure of numbers but at this stage, there are few signs indicating a weakening up-trend. During the recent 30 point move down
-option inflowing liquidity weakened but remained in positive territory
-institutions remained in accumulation only lesser during the dive
...looks Iike the Fed has hit the 'pause' button today
...if that continues, we'll be in a correction at least down to *1920
Good - finally an opportunity to deploy "some" more cash
...some people suggest that the VIX LOW *10.36_20 june 2014, the lowest VIX since 2006/2007, marked THE LOW for the current bull run. Consequently, an increase in volatility is expected.
The ensuing force will entirely depend on the strong *1940 support level. The up-tick will be a graduate process initially
So far as the Option and Cash inflowing liquidity goes -no sign of trouble-
However, there is a negative divergence developing between the NYA and inflowing Cash liquidity
...its a good idea to cover potential downside and a spiking VIX and would remember markets tend to be very bullish up to the 4 july 2014
Notice how every 5 years or so 20%-25% of previous 5 years profits are written (impairments, disasters and all that sort of stuff) of causing huge earnings decline. GFC an exception .... in some cases life time of earnings written off.
Apparently the only net buyer of stocks are the companies themselves. Drives the price up so bigger pay packets for managers. Highest level of buying since 2007 .....does that sound alarm bels?
It's all just one big game eh ..... corporatacy at its worst .....when is the next Occupy gathering? Must go
Originally Posted by ananda77
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