Replies to post #30852 on ETF SWING & DAY TRADING

[2X-Be-Me]

Kovu, interesting analysis. By the way, from what I read the Fed is pumping incredibly massive amounts of M3 into the economy and trying to help Da Boyz curtail this decline. Speaking of Da Boyz, they're going to lose a bundle if they can't rally the market tomorrow. I have to think they will use the $billions provided by the Fed to do just that. May 20 is the Bradley turn date. The prevailing trend for the past four years has been bullish. So one would assume the Bradley turn would result in a new bearish trend. Right? I'm beginning to think the market manipulators are using reverse psychology on fund managers and investors in general. In other words, they're making it appear that the Bradley turn date will signal the resumption of the bull market after a very nasty mini-crash. We'll see. 2X

[KovuLK]

All re: defining moments


Previous 'defining moments' still in place.

Last weeks rise was a Fib 38% retracement of the previous several sessions fall, on the indexes I checked. Yesterday was a reversal of that. Therefore, bulls should beware. We are now back towards the 50ma and lower BB line, weekly basis. On this, bears should keep a stare. For neutrals, long above the 1700's high, short below these weekly lines, otherwise we don't give a good care. Will there be a daily momentum indicator divergence with price, this drop with last weeks drop?? That could make the ride like one at the fair.

Hmmm the smiles are definately gone from the CNBC-Europe program this morning. THAT may be a bottom signal. Remember that you heard it here first. Its a shame and a sham that NONE of their visiting advisors ever recommend any shorts or significantly to cash. Although, I will admit that if it were to happen it would happen between 4am and 6am EST on their program. These visitors are much more straight forward. However, the anchors insist on finding a "place to put your money", while the fatcats are putting YOUR money in THEIR pockets. Some times there is a bull market NO WHERE.

The only longs I have are MVP signal...and only half of that remains because of the daily 10ma failure yesterday.

Watch gold and silver.

IMHO

Thanks
kovu