Daily S&P 500 INDEX TRACKER

[winner69]

You know that Greece is going to end up in tears when the Greeks themselves are taking money out govt guaranteed deposits and moving them to other parts of the world

Even the locals that know that band aids won't fix the bleeding and the inevitable collapse .... wow default by one Euro country will lead to ........

[ananda77]

You know that Greece is going to end up in tears when the Greeks themselves are taking money out govt guaranteed deposits and moving them to other parts of the world

Even the locals that know that band aids won't fix the bleeding and the inevitable collapse .... wow default by one Euro country will lead to ........

...the world witnesses an unprecedented, ongoing case of governments printing money (and the ECB is no exeption) until the inevitable collapse of the whole current financial, economic, and social system; therefore, if anyone holds CASH will get poorer over time; equity markets will correct but the bull market will keep going for another two to three years, an estimate based on the continuous narrowing of the timespan between recent recessions

...therefore would not be too worried to have missed a few downticks in the market...

Kind Regards

[ananda77]

www.stocktiming.com: -data point 28April 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'/closing well below support; institutions are now likely committed to confirm the break-down by challenging the support line in what could potentially be the final thrust before a deeper correction takes place

Trader Update -data point 28 April 2010:

...todays market internals actually support and signal a cautious attempt of a recovery from around the intraday channel floor in the *1183 range which appears to be the start of a 'Game On' challenge to tackle the next challenges ahead:
-the immediate view shows the *1224/*1228 level, with a medium term *1240 and ultimate *1279/*1302 to boot for later in 2010

...it pays to keep in mind:

-yesterday's sell-off has done very little to clear the extreme over-extended market conditions in the longer-term time frames

-institutions, the drivers of this bull market, have been selling into strength during April (institutional selling surged and resumed its uptrend) but are still overall more bullish than the broader market and need a couple of days to finally make up their minds

-one swallow does not make a summer

Long Term: THE BEAR

Kind Regards

[ananda77]

www.stocktiming.com: -data point 29April 2009-

...Institutional Core Holding ..testing primary support in likely 'confirmation mode'/closing below primary support; institutions are now likely committed to confirm the break-down by challenging the support line in what could potentially be the final thrust before a deeper correction takes place

Trader Update -data point 29April 2010:

…todays zappy off the March April 19 Low *1183 strengthens the view that the SPX 500 index is ready to challenge the *1222/*1228 level, with potential to reach out into the current medium term *1244 -(and ultimate *1279/*1302 for later in 2010) target zone

...institutional selling receding going into light accumulation (chart not shown) with NYSE uptick buying power and New Highs subdued

50% portfolio protection active; increasing to 75% into intermediate SPX 500 target *1230 (+) zone

Long Term: THE BEAR

Kind Regards

[ananda77]

www.stocktiming.com: -data point 30April 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'/moved up and still closing below primary support;

Trader Update -data point 30April 2010:

...the SPX 500 in No-Mans-Land with deteriorating internals warning of substantial profit takung and further downside but the index still in weekly positive territory so far making this drive down corrective

...a close above the April 28 High *1195 would induce confidence into the market that the Index still follows the *1224/*1228/*1244 game plan

...on th flip side, falling below the April 27 Low *1182 could be the start to take the April 8 Low *1175 out signalling a deeper correction is already taking hold

!!!Beware of a distorted Friday Close with a corrective rebound on a Monday if the world is still turning!!! -No-Mans-Land Territoty

...institutional selling receding going into light accumulation (chart not shown) within an up-trend still in play

50% portfolio protection active; increasing to 75% into intermediate SPX 500 target *1230 (+) zone

Long Term: THE BEAR

Kind Regards

[ananda77]

www.stocktiming.com: -data point 3 May 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'/closing below primary support and testing short term support line

Trader Update -data point 3 May 2010:

...the SPX 500 in moderate rebound mode to a intraday High *1205 so far, up from April 30 Low *1186 that leaves the April 27 Low *1182 in place for now; currently, the index stalls at the broken trendline support *1205

-its all sweet, was it not for the anaemic NYSE uptick buying power which categorizes this rebound as tentative and
-furthermore, the fact that a pre-mature return to bullishness will leave all the major indexes in their over-extended state, hardly a convincing argument for MR JOE to buy into the market now
-as a result, this market still remains without the third major player, while institutions are battleing it out on extremely low CASH-reserves

...back to price, action above trendline support *1205 on a Close basis would induce confidence into the market that the Index still follows the *1224/*1228/*1244 game plan and

...on the flip side, falling below the April 27 Low *1182 could be the start to take the April 8 Low *1175 out signalling a deeper correction is already taking hold

...institutional selling higher going into light distribution (chart not shown)

50% portfolio protection active; increasing to 75% into intermediate SPX 500 target *1230 (+) zone

Long Term: THE BEAR

Kind Regards

[ananda77]

www.stocktiming.com: -data point 4 May 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'/closing below primary support testing short term support line

Trader Update -data point 4 May 2010:

...the overextended SPX 500 plunged below April 8 Low *1175 but appears to be stabilizing just above key support range featuring the March 31 Low *1166, channel point *1164 and the March 26 Low *1161 ...all nicely garnished with Doom and Gloom newspaper writing...

...short term upward moves are likely to be limited in the trendline congestion range *1191/*1200 with additional tests of the key support likely until Fridays European bailout vote.

...the market will confirm the plunge with additional downside featuring the lower channel support current *1124 initially if key support eats dirt

...on the flipside, a successful defense of key support will set the index action up to pursue the *1224/*1228/*1244 targets

...institutional selling receded within continuous up-trend, going into light accumulation (chart not shown)

Long Term: THE BEAR

Kind Regards

[beacon]

Aussies are crazy as ever. While Rudd seems to still have some sense of timing (with his mining tax), Glen seems to have lost the plot altogether. Hope RBNZ is more circumspect, while National seems not wanting to learn anything from the Aussies (funny how they keep talking about catchup, yet seem hellbent on doing the opposite by squeezing the property market) ...

Crunch week or two for european markets ...

[Hoop]

Hi Hoop,

...would you be happy with some juicy pullbacks along the way??

Kind Regards

Yeah why not ... a bit in it for everybody ..keeps everyone happy then doesn't it?

A pull back to test the 1150 support juicy enough for the bear investors Ananda ?

Those posts were on the 16 April 2010

Big day loss followed by big day gain and today the
Teddy bear picnic is back on again ... close at 1174 down -29.
Everything seems to going according to plan ...a bit for everybody.
I have posted warning flags before this mining tax announcement for the ASX

[arco]

Just a reminder to all that the indices are free for all to view over on the blog. No membership required.

We managed to nail the DJIA/YM over the last few days. Very good move from this trade with a maximum move of 340 points which equates to up to maximum of $US1700 on one mini contract. The DJIA full contract is $10 per index point - so up to $3400 on a full size contract

CHART RESULT





CHART POSTED 29/4