Replies to post #53807 on Traders Cooperative

[ItsAllCyclical]

Great. I've got jury duty that day. Thanks a lot.

[smagli]

OPIE , I am thinking more like the 12th as thats the day we get an update on the stimulus package.I believe I read that. My gut says we could have some shock and awe this week or we could get anemic capitulation , a rally and then a drop to below 6200 dow.My personal radar is buzzing so I know a turn is close.Should be interesting. Have had several calls this weekend asking what to do by associates . I asked if they heeded my previous observations . Gave me the wrong anwer, so sad. Lots of money gone to money heaven.

[gtober]

Hey OP. If we do turn upwards soon, it could form an inverse H&S on both of the summation indexes. As well, those summations are forming the exact same type of bullish divergences with the indexes as they did on the 2001 bottom. So, while we may not have hit bottom yet (and I hope we haven't so I can buy a bit more in my target area) we are getting close.

Also, look at the very nice descending wedge that the $CRB is in. And, tonight oil is up, up and away.

http://stockcharts.com/h-sc/ui?c=$CRB,uu[f,a]dhclyyay[dd][pc10!c20!c50!c200!b200!d20,2!f][vc60][ilb6,6!lp13,8,3!la12,26,9!ll21!lc20][J42550431,Y]&listnum=1&listNum=1