so we got it right again? the rally failed, thus market needs a huge amount of help, just look at how beaten up the all important NYSE level that broke down... it has that feel similar to a worried father whose toddler was swinging from the monkey bars
we don't predict... we go by what the market tells us... we do render a 12-18-month-outlook but that's something you personally would be interested in reading, but we will post it for others soon as we can calm the markets for a few hours
yes, but maybe bump it up a .25 just for moving avg travel, it's rounded off not exact number, just a general guideline to show you the mess is over
do you remember the friendly neighborhood volatility index?... you recall that important level that it broke out over to cause the recent destructions?... well that same level is back in play but due to what we call rolling weekly numbers we only raised it slightly... that new neutral-zone is now which was the high of DEC 8th that broke out to upside the next day, view the 1-month bar chart to clearly see that... so... if it gets under that level and sustains it for a little time without a visit re-fail then it's back to the Long index we go... dashing thru the snow... jingle bells time... santa rally with lots of presents
chips failed at open but recover quickly, that doesn't help market to upside but only saves it from more downside... banks/finance index is now over the neutral-zone and has helped markets considerably... if you remember we said on the close the index was right on the fence... now thus doesn't flip us to the Long index trade yet but it does support the market nicely with these 2 index showing so... but wait there's more... will post that shortly
afghan and iraq wasn't a war, you need to have the opposition firing back with a military, those wars as you call them are nothing more than cleaning up the crime stricken streets of chicago or the west bank, it's just thugs and doesn't represent a nation, nothing more than an armed cult guerrilla warfare where suicide is now deemed as success in an attack like japanese zeros...
but we almost can see your point martini, you are almost thinking outside the box... but since we grow tired of your senseless banter we will offer a solution to the mess that your industry created...
...the best way to deal with thugs is thru police locally while also applying political pressure... it has a 95% success rate... sure it takes more time, and yes it's a tough battle, but it works better than military attack which only angers them worse, so for that point you make we let you slide with no thumbs down
do you remember the broad market indicator level that it has to get over to save the Longs? it's quite a ways away from what it needs to be over to save the Lings souls... that is the one that separates the Bulls from the Bears market... also the commods level is so beaten down that it's not a factor to flip our market but if it gets legs it can help support the market, if it ever gets close to its neutral-zone then we will give you more specifics/details... but for now you what to watch
banks/financials, broad NYSE, commods, those 3 are your keys... banks are right on the neutral-zone, the others are bad, the bull market won't start until the keys are found again
we were not sold on the market rally just yet... we gots a fees indicators that's not likings the ways it sees this... sorry Longs you going to have to wait your Turn (no pun)... not to mention the few months bull run needs to share a little with the bears