In the final hours or even minutes of 2010 trading the bulls proved one more time who was really in power last year:

Here's the thing. Let's look at ol' Byron's predictions from last year. 0 for 10. Not even close on any of them. Not only that, not one single word about Europe and its bailouts, potential defaults, and so on. And I consider Europe the most important factor right now. No mention, either, of issues with state and local governments. Nah, those aren't even worth a mention for 2010. So, when you hear what he has to say for the upcoming year, other than maybe as a strong contrarian indicator, why would anyone listen to any of these a#%-clowns??? It galls me to think how many tens, maybe even hundreds of millions he has made spewing this worthless garbage. And they line up to pay him, and always will...

http://www.zerohedge.com/article/byron-wiens-prediction-track-record-zero-out-ten

Originally posted by jimkane

Well, Byron Wien was quoted on TV a little while ago, saying he sees 1,600 no problem this year...

This strong move off .886 of the ABCD doesn't bode well for gold bulls, but at least a bounce should happen somewhere here:

The green line of yesterday's setup in Crude was reached pretty quickly:

Bullish ABCD in Bonds played out already, now it should aim for the higher lines:

worked out nicely

The decline in ES is becoming serious - small W3 off the top is now confirmed:





Is this 3rd of January thing going to become a self-fulfilling prophecy?

those of us who trade a stack of charts.... were forwarned by the geometry itself.

traders have to wonder if this is not just the setting up of the first pivot of a larget corrective set....and can not help but notice the financials reaction after an abcd into kane zone...

are the financials late to the party.... or are they about to break out?

Thanks again - this is very valuable information for me