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I concur with Blasher and Fox..
2bit
http://www.investorvillage.com/smbd.asp?mb=6863&mn=4705&pt=msg&mid=6443624
Never-mind Man...
"Since 09Jan should be ridiculously higher than 02Jan"
A prayer in distress...
May God have mercy on longs...
still the 2bit-nothing
NM...give it up ...just short the sucker
loss of 2m jobs in last few months it is going to accelerate
VXO coming out of a falling wedge
financials, metal, oil all retreating
r6 on cme futures
do u have a doubt
2bit
I say the R3 take precedence, especially when you have an R3 on CME futures 6 to 1 yesterday. $CPCE can stay up there for a little while longer.....
2bit
R3 Dec 31 2008
S&P 500 OPTIONS 23407
S&P 500 CALL 4194
S&P 500 PUT 19213
da 2bit
3.3 Billions Auto bail out from Canada.....
Rally Monday??
da 2bit
Futures getting crushed ...anybody knows what happened?
2bit
hey Never-Mind Man,
Like to know what is the reason behind ur statement
"have some SERIOUS selling Thursday/Friday"
da 2bit or nothing
NM,,
Just this morning ur post #66419 said
"We expect the Q’s to close significantly Higher on 12Dec then 05Dec"
and this evening ur post #66538 said
"We expect the Q’s to close ridiculously Lower on 12Dec then 05Dec"
and of course ur previous statement on
"We expect the Q’s to close significantly Lower on 05Dec then 28Nov"
was far out....
It looks to me if you are just using pivots for forecasting, u'll be more wrong than right...not to pick on you..but
da 2bit
Foot, are they going to breakdown the inverse H&S too, or Not?
2bit
Hey TWO...loooooooks like it is going to be lower into Bradley turn date Friday now...
2bit
Smart, another Obama rhetoric that won't last, will have to see some action...told u so
2bit
NM Some tiles must have fallen off from ur rocket LOL...
2bit
Smart, that is exactly what I meant....but until he delivers...there will be no more oracle for him...
2bit
Guys..you are making things too complicated...Bradley turn date can be +/- 7 days....consider we are already in and turning up that is....and of course it does not go up in a straight line.....think of it this way...congress is bailing out everyone who cries wolf...the economy/market cannot tank...
2bit
Has anybody noticed that every time Obama made news, the market rallied but faded away afterwards, is that what he calls the "audacity of hope" or just simply "BS"... the herd mentality is dying for anything to cast a bottom and they are so fearful to be left behind....wonder what will happen if Obama's oracle fades away....
2bit
Hey Rain,
Where did you see it,was it CME last Friday Dec5?
2bit
It seems a stretch to say that of a bullish descending wedge, though it may be forming but the constriction of the tip has yet to realise.....
2bit
Foot,
Are you anticipating a failed inverse H&S??
http://www.investorvillage.com/smbd.asp?mb=6800&mn=1370&pt=msg&mid=6241762
2bit
Hey Two,
If Bradley Dec12 is a high then Mr Bill was right ...we will be in deep shit first 1/2 next year till July...
da 2bit
and giving it to GM...
According to Marty Chenard, GM is only worth 3B and is asking Congress for 18B, 6X, the tax payers' money of course ....financial insanity....
u'll see blood in the street today but on the other hand it could rebound for the street anticipates a deep interest rate cut if the NFP no is too bad.....I have seen it before...will see...
2bit
Yuk.. 533K vs 335K job loss..
2bit
Beware of a failed inverse H&S
http://www.investorvillage.com/smbd.asp?mb=6863&mn=4405&pt=msg&mid=6233164
Hmm, Foot and NM,
u too look at the same chart and come up with two different scenarios....interesting....
da 2bit
T Theory also predicts today Dec3rd being a top....will see
da 2bit
Mr. Bill,
Good point, but here's the deal....in trading you look at what happened before ....prior to Dec14 was all down and for it to turn it has to go up and same applies to July14 2009, for it to turn it has to go down. That's what a turn is, is it not?
da 2bit
Bradley 2009 is out
Wow rally till next summer? but if Dec14 2008 is the low point, that means Nov low will be taken out? that will scare the pants out of lots of people...
2bit
Good call BJ.
Let us know if any more is coming...3xP2C
2bit
BJ,
Thanks for the head's up. I agree with you that CME futures option P2C is most reliable. Today's 3xP2C in DJX may just be today for the 200+ Dow point down. The DD of last week I thought was dissipated in the 200+ Dow point rise on Friday. In any case, the DD is equivalent to Bobothetrader's VIX&more on double 10% consecutive jumps in VIX and that has been historically a bullish development in the weeks to come...
2bit
What a double deuce....
If nothing else, Dow 9500 and if any luck 9800...
2bit
Two, in addition, you can see it is forming the right shoulder of an inverse H&S....shorts will be decaped...
2bit
Today could be a cycle low day and there is no major economic news until next Thursday. It is conceivable that the Dow will rally back to 9500 if this rally has leg.
2bit
PT, BJ et al,
Employment job no in line (-250K). This is a tough one to trade.
Scamman also said if DD/R3 happen at the same time, give DD the benefit of doubt.
I say just watch the VIX and the Yen.
2bit
PT, Scamman had said "if Equity P/C ratio closes higher than 1,we should get a cycle bottom within 1-3 trading sessions". It was 1.01 last night, watch for lower highs.
2 bit
Yes PT,
Thanks for first pointing it out. R3 in a bear market is especially nasty.I think BJ spotted another one last night.
Like I said before,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33337903
Now we have to deal with a double deuce. If the employment number is not too out of bound I think it is priced in,
If this 618 retrace holds then it will go higher from here on.
Please alert us next time you see an R3
da 2bit
Bob and PT, is it R3 werking or not....
da 2bit
Today is like July 23rd, if history repeats itself, then it should start pulling back to Dow 8800 area, in the next few days??
da 2bit
NM, wish Scamman was here to defend himself...what can I say...but what goes up must come down...
da 2bit
I thought you mean intraday also...looking at the reaction the next day it sure seemed like it ... now furures up big this morning....kind of wonder the effect of R3...may be it is clouded by th election...
2bit
Oman,
Officially Newfoundland is free of Federal subsidy starting this month because of oil revenue...so therefore no more Newfi jokes...and have you heard of this one...
"a Newfoundlander went to a bank and was asked to identify himself..the guy took out a mirror, looked at it and said "yeah I can identify myself..""
da 2bit