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26-01-2010, 12:27 AM
#201
Wall st set to bounce. Euro market in positive. Lets sleep on it and see in the morning.
Hope we all picked up some cheap stock these last few days. 
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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26-01-2010, 01:29 AM
#202
evilroyrule quote...
"..why is it all so quiet after today?.."
shhhh...we don't want to upset those 3 nearly identical black crows.
However with a Wall St bull market correction overdue (see my earlier posts) there is no surprise to me that this rare bearish candlestick formation popped up to begin a possible correction....so the warning bells have sounded.
Still hoping for a bounce today which would make the situation better with the bulls back in control I mentioned a kicker as a quick reversal back up but this is too much to ask for especially if the environment is in a corrective phase...... pre-trade is seeing the S&P at +0.83% at this moment.
Last edited by Hoop; 26-01-2010 at 01:31 AM.
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26-01-2010, 07:50 AM
#203
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26-01-2010, 04:42 PM
#204
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27-01-2010, 07:52 AM
#205
www.invetrics.com:- data point 26 January 2010
(may adjust at market Open)
www.stocktiming.com: -data point 26 January 2009-
cash -data point 22 January 2010
Trader Update -data point 26 January 2010:
...after yesterday's weak Close, the SPX 500 traded down to the *1084/*1090 range at the Open to find the stronger support needed for the current bounce
...the expected upside target features the *1115/*1119 range near term
...failure to break through the range on the upside would leave the market exposed to test the Nov 11 Low *1084/*1068 range
...on the other hand, based on heavily oversold short term indicators, the current extreme bearish sentiment could very well mark the end of the whole decline confirmed with a Close above the Jan 15 High *1151
The SPX 500 Hedge:
...tentatively indicating the *1084/*1090 Range support  as a starting point to a new rally leg with an initial upside target in the *1115/*1119 range
Long Term: THE BEAR
_no guarantees and trading strategies are just ideas_
Kind Regards
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27-01-2010, 10:07 AM
#206
Wall St and Euro market holding up.
So far so good.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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28-01-2010, 07:21 AM
#207
www.invetrics.com:- data point 27 January 2010
(may adjust at market Open)
www.stocktiming.com: -data point 27 January 2009-
cash -data point 22 January 2010
Trader Update -data point 27 January 2010:
...like yesterday, the SPX 500 opened lower *1085 above the Nov 11 range *1084/*1068and holding despite downside pressure;
-today's bullish divergence between the SPX 500/Russell2000
-short term intra-day indicators are extremely oversold and
-the institutional index of core holdings  still trades with a major support broken but the higher highs/higher lows trend still intact and needs to make a lower high to complete a possible H&S formation to confirm further downside
...as a result, the index seems to be ready for an imminent oversold bounce with an expected upside target in the *1115/*1119 range near term
...failure to break through the range on the upside would leave the market exposed to test the Nov 11 Low *1084/*1068 range
...on the other hand, based on heavily oversold short term indicators, the current extreme bearish sentiment could very well mark the end of the whole decline confirmed with a Close above the Jan 15 High *1151
Long Term: THE BEAR
_no guarantees and trading strategies are just ideas_
Kind Regards
Last edited by ananda77; 28-01-2010 at 07:49 AM.
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28-01-2010, 10:38 AM
#208
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28-01-2010, 07:28 PM
#209
Thanks, Phaedrus.
Puts the "great sell-off" of the last few days into perspective, doesn't it!
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29-01-2010, 06:32 AM
#210
www.invetrics.com:- data point 28 January 2010
(may adjust at market Open)
www.stocktiming.com: -data point 28 January 2009-
cash -data point 22 January 2010
Trader Update -data point 28 January 2010:
...the SPX 500 could not sustain yesterday's bounce and has dived to a new Low *1078 in early trading so far; the market features trend uncertainty as signalled by today's outside day so far;
...the next likely target would take the index down to the Nov 27 Low *1068
...due to extremely oversold conditions as outlined in yesterday's update, if *1078/*1068 is supported successfully, a stronger oversold bounce should challenge the Jan 26 High *1104
...failure to break through *1104 would set the stage for a deeper sell-off with the Nov 6 Low *1057 as an initial target and potential to reach out to the Nov 2 Low *1020 as a possible floor
Long Term: THE BEAR
_no guarantees and trading strategies are just ideas_
Kind Regards
Last edited by ananda77; 30-01-2010 at 07:20 AM.
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has broken below its Aug-Sept-Oct trendline support and considering the state of the VIX 
points to a more serious correction developing, but
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