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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: POKERSAM who wrote (69991)3/31/2015 4:37:27 PM
From: GROUND ZERO™1 Recommendation

Recommended By
Hawkmoon

  Read Replies (2) | Respond to of 218247
 
End of quarter window dressing is finally done, so now this market can show us what it's really made of... so, if you want to see some selling, then wait until tomorrow... this market looks like it's setting up for a nasty spill... but, who knows, maybe it's just me...<g>

GZ



To: POKERSAM who wrote (69991)3/31/2015 6:46:36 PM
From: FCom777  Read Replies (1) | Respond to of 218247
 
Thank you for the acknowledgement !

There is a reason why bulls are hard to kill ... they have been largely correct ! We aren't that far from the highs.

Think we have a real good chance of getting a significant correction here ... I'm thinking perhaps sub 1800 SP ... but once (if) that happens - we could be back testing highs a couple months later ...

The most important chart is here:

research.stlouisfed.org

What's the chance that the monetary base actually contracts? It's been a chop for the last few months - arresting the ridiculous increase - my guess is that it doesn't break lower - don't think FED has any choice but to keep on expanding - they can only slow - so it should break out of the congestion higher - but if they do decide to contract we could find ourselves in a much deeper bear market. Chart looks like it can go either way ...