Griffin Account Talk

[Griffin]

Where will the S&P find support? - four key levels
1510 (top red line) bottom of closing price of long term channel
1500, (bottom red line) bottom of intraday price of long term channel
1495 (top blue line) bottom of closing price for the near term channel
and
1485 (bottom blue line) bottom of intraday price for the near term channel.

If the market finds support on a red line, (as it is now) we could be looking a significant multi day rally in the very near future. On the other hand, if the market touches down to the blue line, I will stick to my dead cat bounce model.

View attachment 1749

 

[FundSurfer]

You do find intersting Avitars. What is this avitar of? I'm guessing a pipe/bong type thing?

 

[Show-me]

Yoda?

 

[fedgolfer]

Mama Smurf's substitute for Papa Smurf?

 

[FundSurfer]

Mama Smurf's substitute for Papa Smurf?

LOL!!!

 

[Ed_the_Fed]

Griffin,

I like your chart. I would love to see a breakout above the June 1st 1540 high which was already retested once June 15th. July 9th came close but not quite to the retest level. If your redline support holds and we see a breakout through 1540, we might have a nice little run up.

 

[Griffin]

FS/Show-me - you are correct, I'm certain I do not want to comment about the smurfs :laugh:, funny though.

My chart kind of leaves the impression that Ed mentioned, and could even construe a run to somewhere around 1580. That and some of the other prediction I've made lately, are at the heart of the joke behind my new avatar/signature.

I am hoping for a nice run.

 

[fedgolfer]

Grif, you put your mouth on that thing?!

Nice call on the C Dump the schwag/skunk, get the Northern Lights or Red Hair Sensemelia.

 

[Griffin]

fedgolfer,

At this stage of my life, all illicit substances are strictly off limits. However, the day I retire, I will begin treating my glaucoma, wether I have it or not.

 

[Birchtree]

Looks like we had a nice thow over of the overhead resistance line on the SPX. I remember a day back in I think it was 2003 when the SPX went up 70 points - get ready.

 

[Griffin]

I'll dream your dream if you dream mine - Imagine a well-timed play on the profit taking that would then ensue

Looks like we had a nice thow over of the overhead resistance line on the SPX. I remember a day back in I think it was 2003 when the SPX went up 70 points - get ready.

 

[Griffin]

Just did a quick lap around the board, and I noticed:

The board is in a state of euphoria - that means the market can't be more then a day or two behind.....

which means it's probably time to sell.

Disclaimer - I had nothing to do with today's C-fund move. If you want to congratulate someone, go to 12%'s thread and join the party, and don't forget to pay a little homage to the original analysis.

Happy trades all - and may your profit taking be profitable.

 

[Birchtree]

I'll let others display their feathers and crow. I don't even want to think about the manure I gathered up today.

 

[Griffin]

And yet, you alluded to it ten times today , twice here :suspicious:

I'll let others display their feathers and crow. I don't even want to think about the manure I gathered up today.

 

[Griffin]

Watching the pre-market is like standing on Cocoa Beach outside Kennedy Space Center during a countdown to liftoff, which by the way is awesome to do, especially if you catch a night launch!

 

[Dodge_Em]

Your profile picture caught my attention.

It looks like a .... Yoda Bong? :laugh:

 

[kar_crazy]

Your profile picture caught my attention.

It looks like a .... Yoda Bong? :laugh:

that does bring back old memories about twenty five years ago man i am getting older:blink:

 

[dell]

Griffin: I got to see a night launch once from Cocoa Beach. You see rocket headed spaceward and then, after a short time you hear it. Tehn, and most incredible of all, you feel it as the beach begins to vibrate. Truly awesome.

Dell

 

[Griffin]

Griffin: I got to see a night launch once from Cocoa Beach. You see rocket headed spaceward and then, after a short time you hear it. Tehn, and most incredible of all, you feel it as the beach begins to vibrate. Truly awesome.

Dell

Yeah man - been there - I actually got to see the very first night launch of the space shuttle - it's burned into my memory (pun intended).

 

[Griffin]

This week really kicks of earnings season, we have all the major inflation index reports and we wrap up the week with the FOMC. That makes for a potentially very volatile week. I moved over to the F-fund, but it was really a coin toss for the G. I'm looking to play the whip this week, I don't want to ride this week out in stocks.