Replies to post #617704 on Zeev's Turnips Patch-No Politics (ZEEV)

[EBAYaim]

Hmmmm...very fitting YOUR 1st message



.....MY LAST ( FOR AWHILE)......It does seem strange to me that a person would make thier very first message in response to one of mine.....Maybe you were a lurker.....Maybe it is an alias....Maybe it is something else.....Whatever it is.....Here is MY EXPLAIN: The GOLDEN RATIO indicates about 5555 for the DOW.....4555 is 1000 points lower because extreme events can be extreme......Some things can not be explained LOGICALLY.....so in the concept of simplicity

1- GOLD is going higher

2- SILVER is going even higher

3- DOW bottom is many months away

GOODBYE and K.I.S.S.

[*~1Best~*]

SPX 555

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36634247


The Caveat final count down: Even though markets rallied based on the Bernanke, Obama, and Geithner speeches, we still have potential bad news such as more bad news from the commercial R.E. fall-out and personal credit fall-out.

e.g. Commercial RE loan default and Moody downgrade jumbo loans http://www.cnbc.com/id/29774863/

Markets bottomed at SPX 666.79 for 2009 and NO SPX 555?

Did the Bernanke 60 min interview effectively eliminated bearish sentiment for the year?

The Obama and Geithner speeches also effectively eliminated the bear for the year?

Commercial R.E. loan defaults are skyrocketing.

AP reported "Delinquency rates on loans for hotels, offices, retail and industrial buildings have risen sharply in recent months and are likely to soar through the end of 2010 as companies lay off workers, downsize or shut their doors."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36603013

Commercial real estate loan defaults skyrocket
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36602801

VIX and VXN are trading below 200 dma suggesting that markets will continue the recent uptrend with the subdued volatility. However, the volatility closed above the contracting triangle trendline support going into the Q1 earning reports in April. Also, $CPC/CPCI/CPCE reading are extremely low below 2 year + low. With the commercial RE defaults and more economic and earning bad news, Markets have the excuse to sell-off trading down to SPX 555 target as a final wash off going into mid year.

The final count down 3-4-5 to SPX 555 during the April Q1 earning reports?