tag:blogger.com,1999:blog-547276048038789798.post5153662537052918977..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Let's go visit the 200 DMA!christiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-547276048038789798.post-90768991035297139872014-04-01T06:39:08.183-07:002014-04-01T06:39:08.183-07:00Very exciting now -- can we make the top trendline...Very exciting now -- can we make the top trendline up at 1917 by Friday?christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-22820425877338426372014-03-28T09:19:18.124-07:002014-03-28T09:19:18.124-07:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/10989588178668619291noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-91026519604903687622014-03-28T09:13:10.478-07:002014-03-28T09:13:10.478-07:00...awaiting the dying the part.
--
...awaiting the dying the part.<br /><br />--<br />Trading Sunsethttps://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-71783460965161010362014-03-28T08:43:03.088-07:002014-03-28T08:43:03.088-07:00If we reverse again today, it will be truly viciou...If we reverse again today, it will be truly vicious ... AND ... believe it or not, I actually have a <a rel="nofollow">clean count</a> and a firm logical explanation for why the tape has done this.<br /><br />No, really, you'll see. But only if the market rolls over and dies.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-72943252310660613622014-03-28T05:46:36.879-07:002014-03-28T05:46:36.879-07:00I will add to PDs comment. The fails that I am see...I will add to PDs comment. The fails that I am seeing are on the daily candles for individual stocks in the S&P 1500. The transports are but one group. At the strong end you're getting these "trapping" candles with closes below "breakout" levels. At the weak end you're seeing nothing but follow-through. There were some (and I mean a tiny few) names yesterday, mostly in the biotech and alternative energy complex, that had bullish candles on the day. Something to watch.Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-92175491580588157142014-03-27T19:20:59.337-07:002014-03-27T19:20:59.337-07:00think we definitely hit bicycles 2200+ but not til...think we definitely hit bicycles 2200+ but not till 2015 (by q2 or q3). can't see anything below 1650 for quite a few years if ever again. T.Berryhttps://www.blogger.com/profile/06984133082818670078noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-48843741198136376892014-03-27T18:34:04.619-07:002014-03-27T18:34:04.619-07:00I will add, I am trying to trade on price action/t...I will add, I am trying to trade on price action/trend, rather than counts or even formation.<br /><br />--<br />The recent few weeks have been a real chop fest..but surely the bull maniacs have had their 'share of chances' ?<br /><br />Hell, I been watching the Transports..day after day..trying to break a new high..but failing.<br /><br />Yesterday was the day'13 or so, and the daily net decline of -1.7% or so was more than enough to clarify things.<br /><br />Now its a case of having some patience, and trying to have a good exit.<br />-<br /><br />As for those currencies, I do see a lot of people mentioning the USD/Yen lately, but really, its not at all my area.<br /><br />All I know is that the barring a break <DXY 70, the 'dollar doomers' should remain mute.<br />-<br /><br />Good wishes for Friday...Trading Sunsethttps://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-58661535801341075572014-03-27T15:41:12.663-07:002014-03-27T15:41:12.663-07:00The chart had room for today to be a stall day, or...The chart had room for today to be a stall day, or wave ii of 3. <br /><br />So the gap down I mentioned last night would need to come tonight, presumably on news from the East.<br /><br />Here are two inverse H&S on the JPY (where up == Yen appreciation and carry-trade squeeze):<br /><br /><a href="http://finviz.com/futures_charts.ashx?t=6J&p=m5" rel="nofollow">short-term</a><br /><br /><a href="http://finviz.com/futures_charts.ashx?t=6J&p=d1" rel="nofollow">long-term (since Feb)</a><br />christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-35846887975833915802014-03-27T14:33:07.403-07:002014-03-27T14:33:07.403-07:00I can go with that outlook, although it sure is th...I can go with that outlook, although it sure is the 'best bearish case' possible.<br /><br />The 1770/50 zone would indeed offer a great bounce level...and I'd also look to the 1850s level to get stuck.<br /><br />However, I don't see downside beyond 1625/1575 this year.<br /><br />What do you think the Fed will do, when the cheerleaders on TV are screaming for 'action'?<br /><br />The QE will be ramped..and the market will likely soar..to new highs... in 2015.<br /><br />Oscar Carboni has a target of sp'2100s..this year, although I think that is no longer viable..if the Fed keep cutting QE.<br />-<br /><br />Regardless...each day forward..and the bulls are weaker.Trading Sunsethttps://www.blogger.com/profile/13291647197167518399noreply@blogger.com