Replies to post #21770 on The New CS Board

[dindindon]

some pundits are calling for 2130 before april

etalors:

2130.46 is 1.500 of length 1370.58-666.79 on top of 1074.77. The noteworthy comment is whether the Fib ratio 1.500 is popular or not, 1.618 (more 'popular') projects to 2213.50. This is where the bullish call roots.

It is hard to perceive at this moment. Even though April is another cycle cluster, i don't know the polarity. Eric Hadik mentioned this time window many times in his free reports but gives no further details. Here is one example:

INSIIDE Track Trading, The Weekly Re-Lay
http://www.consensus-inc.net/category/contributor/insiide-track-trading
April 2015 = Key to Potential for 1-2 Year Bear Market.

i still think the bounce-off from 1972.24 is a capitulatory advance. It will take time to digest the overhead for the next assault

dindindon Friday, 12/19/14 02:17:06 PM link

12/19 capitulatory advance

at this writing, the bounce-off from the low 1972.24 looks more like a capitulatory advance.

near term:
resistance
Zone 1
2065, 2070 (important), 2080, 2085.

Zone 2
2100, (2115, 2130, Low odds)

DecisionPoint Chart Gallery

Market Trend Charts
http://stockcharts.com/freecharts/dpgallery.html

This daily chart should be reviewed every day. If the 20-day EMA (green) is above the 50-day EMA (purple), the intermediate-term trend is bullish. If the 50-day EMA (purple) is above the 200-day EMA (blue), the long-term trend is bullish. Changes in the PMO's direction may signal an upcoming short-term trend change. When the PMO crosses its red signal line it is even stronger evidence of a significant change in trend.

chart courtesy stockcharts.com DecisionPoint

[jumanji0881]

There are still lots of bulls. Things are fragile and yet some think the US economy will have a strong recovery despite the global weakness. I'll add to shorts if we can rally sufficiently. It sounds like this guy has been watching Chauncey Gardiner in the movie Being There: "In the Spring, there will be growth"

It’s Always Darkest Before the Dawn – Significant Market Bottom Likely in the Spring : http://www.financialsense.com/contributors/chris-puplava/always-darkest-before-dawn
Excerpt:
Monetary policy acts with a lag and in the months ahead we are likely to see its effects as global growth should pick up with the added tailwinds from falling commodity prices and inflation. Based on the performance of early to late cyclicals we could see a bottom in global growth beginning in February and March, which could lead to a strong rally in risk assets.