tag:blogger.com,1999:blog-547276048038789798.post1034583455370220290..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Charts 03-07: Bearishchristiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-547276048038789798.post-16625578227965797632014-03-10T15:24:31.164-07:002014-03-10T15:24:31.164-07:00cg,
what's the latest degree of confidence s&a...cg,<br />what's the latest degree of confidence s&p's going to your target 1636 in early april? from the latest tape i can't imagine it being very high. no? thx<br />tbT.Berryhttps://www.blogger.com/profile/06984133082818670078noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-60993394803004292092014-03-10T15:13:23.043-07:002014-03-10T15:13:23.043-07:00Yes, PD. Here in the America we have this thing c...Yes, PD. Here in the America we have this thing called "Spidey sense", after one of our national heroes, the great Spider-Man.<br /><br />29 trading days from the Feb 5th low is actually Tuesday, 3/18. I've got an upper trendline (easy enough to see it) that gets to 1900 on the SPX about then.<br /><br />Sit and wait. Look at the tape today, classic buy-the-dip shape, but not for much. 23 handles just is not worth the worry from here; better to sit, wait, and count waves where we can.<br /><br />See the daily Bollingers coming in on VIX and UVXY? It would be nice to see them tighten up and then explode in a big move. UVXY's not even worth shorting from here.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-47632351087644518322014-03-10T15:07:34.888-07:002014-03-10T15:07:34.888-07:00Well, your exit this morning, would make for a for...Well, your exit this morning, would make for a fortunate exit.<br /><br />I can't be trying to trade this minor retraces though, I got next to zero tolerance for it still.<br />-<br /><br />I'm more than content until next Wednesday afternoon.<br /><br />Best re-short level..is probably 1895/1905..somewhere around there.<br />-Trading Sunsethttps://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-52427144647926939232014-03-10T10:39:38.594-07:002014-03-10T10:39:38.594-07:00Exited shorts (green) this morning once it was cle...Exited shorts (green) this morning once it was clear we weren't seeing any follow-through on this decline.<br /><br />Look back @ the original leg up from the June, 2013, lows. It ran for 29 days.<br /><br />Simple time equivalence would take us from the Feb 5th lows all the way until the 3/19 FOMC. This suggests that nothing else matters except the next taper decision.<br /><br />The tape may be tedious until then.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.com