Bobby
your doing a lot of posting..does this mean anything??? is it a magazine type indicator???<G>...
ok here's my take.....we are in deep doo doo here...in no man's land...this is not good for da bulls...me included<G>..
but...i have this diabolical senario now...i became a bery short term BEAR!!!....
i am in total cash..as i write this, i shorted CLRS yesterday, for 3 points but shoulda held, it looked weak..played WMT for 2 1/2 on the upside, those stodgy stocks i told Haim can't get out of their own way, still can't but the herd likes em' so, SO do I<VBG>...
as for this next week...Carpino has some lows coming in late in the week right to May 1st time frame...i'll be short everything Mon am...i likey this a lot...stuff falls down fast...hehehehehee...
i looked at the P&F NAZ chart...3450 is the BSL line, if we break that we are going below 3000...or at least testing the 3150-3250 area...if that holds and reverses back up, then we are set up for a monster move to the upside...because that will be the capitulation we have not seen...
as for other charts.. the INDU, we are coming down to test the 9700 area at the worst case senario...on the weekly chart we're at resistance from 3 time frames and should reverse from right here..if we test 9700 and reverse back up??? i become a raging bull again..
as of now, the SPX-OEX-COMPX-INDU etc etc etc...eliminating all the other crap like AD, HI LOWS ETC..meaningless drivel...are set to run lower from here...
i suspect we will test the crash lows..and if we hold and reverse??? that will establish the bottom we are all looking for,,,
the entire key to me, is the reversal...on all the P&F charts, we can not get buy signals unless we run down and then back up again...the needed move up to break new tops from here is almost impossible even for us major bulls<G>...
so we play the short side for a bit...selling resistance, and buying the lower dips for bounces off support..
thats my game plan...us bears have come OUT of the woods...
the Main Stoopid Spekulator hath spoken... |
