Just getting ready.

kaboom .. this is what they were doing whole week :)
I have 5th January or 12th January for a bottom of this move. Time for high was 26th - 27th December. Lets see how it works. For those astro funs today is important Bradley date.
Now we should see some buying starting in block trades as they will slowly cover short positions into selloff.
Goldman and others just cannot be wrong with amount of money they have. Just averaging down and up and covering slowly for profits.
This game is for them.

interesting tomo....can you show your work here? tia

We saw nice sell-off

Maybe I'm wrong but I think they will probably keep it between the top of previous move and current level until end of year.

possible sirios ... I am not expecting much more than 1210 - 1217 on Spx. Before we move up again.

This was posted six days ago. Took its time getting there. It hit 64.50 today and then the big selloff. But, it hit 64.00 yesterday, sold down almost ten, then took another run at it. That was some fun from a trading perspective. But, it did sell off the area I posted that far back.

Posted-12/22/2011 : 13:39:02

Originally posted by jimkane

I'm watching 54.50-56.00 next (this is a super key price flow area), then 65-66...

@Tomo: If they really start trend down (I'm still not sure if they did) I will expect much lower then 1210. I see big effort which they did to prepare what they probably want to do and I'm expecting quite long bear market. It may include bankruptcy few European countries. In my opinion how long it can be depend on if Germany will start print Euro.

Sirios I agree with you with Europe. Beeing honest I hope it will collapse and European Union will be dead. I am pretty sure that Germans will start to print Deutche Mark sooner than later as soon as they feel problem is much bigger. That is in my opinion reason they did not want Euro Bonds (because they want an alternative with their own currency).
But still ... problems with Europe still may bring nice bull move into April. And that is what I think will happen. But longer term ... yes bear market is alive.

Regards.

Ok have to add as I think I misunderstood sirios. You do not obviously think German will print Mark but Euros. Here I disagree :)

Nice Kane TD ABCD in preopen.

Al Kamego

Wow, no posts since yesterday morning...

The power of the number of "24" and its multiples are very helpful in spotting support, resistance and the termination of trend.

thanks jim...