Markets been consolidated a bit Thursday and another BORING day was there. Statistics say that we have not been below MA(10) for the last 3 MONTHS, thats crazy and so manipulated, and its true. Markets IS manipulated more than never and more obvious than before. Ben Bernanke asset bubble is in place and you know what - its very similar to the dot.com bubble and you know the story after the move up.... this is no different , this bubble is just even bigger. So a more hard crash WILL come. I am not saying we will get it now - but overall we should see a crash this year, we might get the pullback/correction , then move higher again until March/April and then have a big drop. But again our signals have not got any sell signals and we may reach 1291 today before a big drop. Time will tell , but wait for markets to drop some more than just a few points. Wait for a day where the markets is down more than -1% or so to go short, cause the markets will rise until then.
Semiconductors may top at 35 ( huge fib retracement from monthly chart and lots of trendlines from past tops around there) Thats a few more points up from where we are now...
QQQQ 57.22 is a bif fib retracement resistance on monthly chart. QQQQ is now 56.575, very very close
Overall still believe the correction/pullback will come to 1150-1180 area. Take a look at the system , when the EMA(3) crosses BELOW MA(10) thats YOUR signal to go SHORT. Right now its still on BUY and havent been on sell since 1st December. A close right now below 1273 SPX will most likely trigger a SELL signal on the model, but we need to see a close BELOW that level.
Thats 100 points from here..
Take a look at the VIX, the bollinger bands is very tight now which shows a BIG move is comming soon....very soon....
Good luck to all
we are experiencing the biggest delusion ever...
ReplyDeleteYup - and we know how it will end up......this today, next week or so ? Time will tell us , but it wont be pretty.
ReplyDeleteYes, evnetually it will collapse....and the ferocity of it will surprise everyone.
ReplyDeleteThe difference with tech in 2000 is that now it's the whole market!
What will make this extremely painful is that in the last 6 months, litterally everybody has become involved in the stock maket again...
True Agnes 1938. Dosent look good, but until now they can keep pumping markets higher until they will crash it......so all in all , wait for the markets to decline. SPX below 1273 a close there would trigger a sell signal and short signal. Until then trend is still up...
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