Short Term Outlook

[James48843]

SHORT TERM OUTLOOK:

We're hosed. ​

 

[James48843]

Short term outlook - I expect S&P to fall to 1380 range.

As I said back on 11/09- I think we're hosed.

 

[nnuut]

Short term outlook - I expect S&P to fall to 1380 range.

As I said back on 11/09- I think we're hosed.

That's about where I have been thinking! Hope not, but~!

 

[Bullitt]

The Baltic Dry Shipping Index is an index that basically measures the world wide economy. In a nut shell, if shippers are busy then the economy is busy. Measuring the strength of the economy going forward is fruitless and therefore, this is just another tool off the belt.

Bad News: Looks like the bubble is correcting
Good News: We're almost back to support

http://bigpicture.typepad.com/comments/2008/01/baltic-dry-ship.html

 

[owusuboamahy]

Not sure what funds to put my money in the short run

 

[fly_caster]

Re: Posting Articles and Copyrighted Materials

Buying in again at a loss (-1.21% in the S fund yesterday). This is the 3rd month in a row we have started in the hole. Next week looks to be a possible disaster.

 

[Frixxxx]

Futures

Futures are down (-69.00@post):blink:

 

[Frixxxx]

-111.00 Now

 

[RealMoneyIssues]

-111.00 Now

Saw that... my SPXU shares appreciate that, but I have seen the market open neutral after a -100+ futures the night before so who knows...

 

[burrocrat]

http://www.foxnews.com/politics/201...-talks-with-deadline-looming/?intcmp=obinsite

View attachment 14631

Or, from a different persepective...

they sure got some shiny tables at them debt talks there, hyuu, wonder when them fellers is gonna start workin?

 

[nnuut]

Notice how Obamie and Harry Reid don't like to drink TEA! :laugh:

 

[Scout333]

Thought this was a tea party gatherin'!

 

[malyla]

Really good point about needing an inverse head and shoulders pattern to begin the uptrend. How do you start the left shoulder when the arm is a solid 50pt trunk? (where will the neck line end up at?)

http://www.trivisonno.com/mcclellan-oscillator-makes-record-low

Also, says we need to go lower to build the inverse head.

 

[JTH]

Really good point about needing an inverse head and shoulders pattern to begin the uptrend. How do you start the left shoulder when the arm is a solid 50pt trunk? (where will the neck line end up at?)

http://www.trivisonno.com/mcclellan-oscillator-makes-record-low

Also, says we need to go lower to build the inverse head.

Hey we just need a higher high and higher low to start an uptrend right? I'm not going to wait 2 years for an inverse H&S to materialize, I'm just no that patient.

View attachment 14965

 

[malyla]

Hey we just need a higher high and higher low to start an uptrend right? I'm not going to wait 2 years for an inverse H&S to materialize, I'm just no that patient.

View attachment 14965

It would be VERY EEERRIE... if that is the pattern that occurs. How did you come up with that neckline?

 

[burrocrat]

It would be VERY EEERRIE... if that is the pattern that occurs. How did you come up with that neckline?

I thought the same thing when I saw it too, instantly reached to save the image before I realized I was doing it, so I did. I'm going to check back on that regularly, it just stands out for some reason.

That's chart I can understand with out having to do the blurry 3-D vision thing.

 

[JTH]

It would be VERY EEERRIE... if that is the pattern that occurs. How did you come up with that neckline?

The Neckline is based from the May to July tops. Making the assumption this recent drop is the left shoulder's peak, factoring in time, rules of the pattern, then confirming with longer term Fibonacci levels. If I was a computer this would be one of my projections.

Monthly Chart:

View attachment 14966

 

[burrocrat]

Serious question. If you was a computer, what would be the cost of a loaf of bread or a gallon of milk 2 years from now with the S&P at 1600?

I have no idea, but that would be one hell of an indicator.

The Neckline is based from the May to July tops. Making the assumption this recent drop is the left shoulder's peak, factoring in time, rules of the pattern, then confirming with longer term Fibonacci levels. If I was a computer this would be one of my projections.

Monthly Chart:

View attachment 14966

 

[malyla]

The Neckline is based from the May to July tops. Making the assumption this recent drop is the left shoulder's peak, factoring in time, rules of the pattern, then confirming with longer term Fibonacci levels. If I was a computer this would be one of my projections.

Monthly Chart:

View attachment 14966

Well hell...
JTH, I respect your analysis and if you are not messing with us, this explains a lot. Is the FED using this same software when putting a date on the low interest rates?

 

[JTH]

Well hell...
JTH, I respect your analysis and if you are not messing with us, this explains a lot. Is the FED using this same software when putting a date on the low interest rates?

I try to have low exceptions for the charts I draw. For me it's not about predicting price, but accepting what price does then choosing the right reaction.