K Wave Rider Posted February 10, 2012 Report Share Posted February 10, 2012 Am guessing this run is just about outta gas...Crapple has basically hit 500 target, and NYA exceeded 8K barrier briefly, but is now back below. NYA thus still in the sweet spot for possible vicious turn back down starting today. The key now will be for bears to reclaim the 200 day on NYA over the next few weeks, and then breach the 900 day again. If the 200 holds on back kiss, or we start to to trade sideways rather than make a beeline back down, then bear could be in real trouble longer term. INDU did something real similar in late 1973, with a big pop over the 200 day, after holding the 900 day over the summer of 73. Once the pop ran outta gas, it was all over for the next year. In any event, I think looking at short positions up in this area is not a bad risk for at least the next few weeks and perhaps longer. Link to comment Share on other sites More sharing options...
psyche doctor Posted February 10, 2012 Report Share Posted February 10, 2012 man, FSLR getting wacked. Now near 43.75 Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2012 Report Share Posted February 10, 2012 Although still hanging around the support line at 1339, the 5 day cycle projection now looks like 1333. http://bit.ly/ArS7y2 Link to comment Share on other sites More sharing options...
Jetlag Posted February 10, 2012 Report Share Posted February 10, 2012 K-wave shows up as the market tanks yet again Link to comment Share on other sites More sharing options...
K Wave Rider Posted February 10, 2012 Report Share Posted February 10, 2012 Crude failed at century mark one more time...bear gotta smash it now. If she take out 100 again, massive bull run in crude would likely follow...BIG pivot now set.... Link to comment Share on other sites More sharing options...
Trader Joe Posted February 10, 2012 Report Share Posted February 10, 2012 FSLR MoMo's from yesterday on BIG VOLUME taking it up the pooper with some huge losses today Run for the hills!!! Link to comment Share on other sites More sharing options...
K Wave Rider Posted February 10, 2012 Report Share Posted February 10, 2012 IBM tryin' to roll it over after divergent ugliness as SPX blew off.... Link to comment Share on other sites More sharing options...
Trader Joe Posted February 10, 2012 Report Share Posted February 10, 2012 Rut Rho My proprietary Trader Joe Index (TJI )is rolling over Hard Intermediate top could be in Next couple of weeks appear to be for "da bears" Link to comment Share on other sites More sharing options...
gameover Posted February 10, 2012 Report Share Posted February 10, 2012 INDU did something real similar in late 1973, with a big pop over the 200 day, after holding the 900 day over the summer of 73. Once the pop ran outta gas, it was all over for the next year. I've been watching this time period as well. I completely expect the same to happen now as it did from mid 1972 into early 1973. The monthly chart pattern looks identical. An all time occured in early 1973 and went into a 2 year free fall. Expecting a quick decline, then a run to Dow 15,400, then another bear market below the 2009 lows to around 5500-6000 Link to comment Share on other sites More sharing options...
Jetlag Posted February 10, 2012 Report Share Posted February 10, 2012 VIX tagged 16, can go to 22 or 25 well within the downtrend from August highs. Link to comment Share on other sites More sharing options...
K Wave Rider Posted February 10, 2012 Report Share Posted February 10, 2012 crapple windin' it up for possible last push towards 500, or she about to start breakin' hard down.... a breach of craaple 490 and NQ 2540 get the bear's motor fully cranked up...until then, could still be some death rattles... Link to comment Share on other sites More sharing options...
Grand Poopercycle Posted February 10, 2012 Report Share Posted February 10, 2012 5 up from November 25th done, now 'warning crack', then nu highs. But, heed Bill Shakes-'Beware the Ides of March'. Black Sabbath reuniting for tour this year : Summer Soundtrack= 'War Pigs', 'Children of the Grave'. Metallica is opening act, encores with 'Kill 'em All". That's on the European leg, but rumors hint of a surprise show in Persia. Link to comment Share on other sites More sharing options...
Goldmember Posted February 10, 2012 Report Share Posted February 10, 2012 My 134 and 135 SPY puts fixed themselves on an overall average, mainly due to cheap adds on the 135's yesterday and the day before. That brought my overall cost down and eked a wee profit. Very pleasant morning. Icing on the cake were TLT calls from yesterday. Nice profit on those. All in cash with a pleasant warm, happy feeling. How things change from one day to the next. Very nice! Link to comment Share on other sites More sharing options...
psyche doctor Posted February 10, 2012 Report Share Posted February 10, 2012 death rattles... Like trying to choke out a big guy with a really big neck. You think got the job done, but he starts gasping again. After several go at its and your grip is weakening, you just grap a big blunt object and deliver a good smack to the head. A disturbing analogy, but that's how it can be sometimes. Link to comment Share on other sites More sharing options...
psyche doctor Posted February 10, 2012 Report Share Posted February 10, 2012 crapple trying to hold above the previous day's close near 493. If it can give that up, could be some bear claw marks. Link to comment Share on other sites More sharing options...
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