Chart Aftermath!!!

hmmz beautiful, 11258 is the offiicial killer!!!! one or 2 more down days we can happily pick up cheap stock!!

WoooHoooooooo

Take a breather and wait for the next earning season!!

Dow the upward bias has reach a climax?? 61.8% from bottom............11258

Russel 2000, ridiculous push, only 10% away from previous high......with so many small corporates saying financing still difficult u must be wondering how its stocks can be rocketing, beat blueys flat in terms of performance!!! OVER-EXTENDED

My call..........a 4-5% correction is abt here!! momentum is still the key to upward bias.......

Calm Before the Storm??

less words i guess, nothing much to say but machines are too good!!

charge!!!!

click to enlarge

hmmmz Vix Right again!!

sometimes u just gonna admire this VIX, its complexity really is of good deadly accuracy...............

what caused the sell down?? the mkt is way overboard, i think traders just use this GS fraud thing as an excuse to sell!!

Technically we are at impt cross rds, 10730 is the critical support, follow by 10500, if 10500 fails to hold, like challenage the 9850 pivotal  breakdown pt!!

today is of a day of fear, have fun........somestocks will still move agains trend

Witches of Dow still cranks out winship after a loss of 70pts.....this hocus pocus momentum is amazing.....its weeks since they had a 1% corrective mode.....vol thinning...breadth maintains....price holding in range...no signs of drop yet....
as we have discuss that Dow 11k and S&P 1200 have reach....many ask what NW? will the war machines keep on buying? is the world economy as what it is in 2006? or are we in a bubble? money supply still in abundance.....Do not bet against the machines....for your rage is their fuel....the more u short...the more they buy...

Ian is really seriously hoping for a correction so that we can actually have a good buy in opportunity........
from here where do we go?? chart wise there are many good chart setups for shorting.....so S&P inability to break pass the 1200, many will have sell their longs.......depending on the size and the interest.if 1200 is breach, it will trigger more buying again.........

Vix is showing me something out of the normal, in the day of a gigantic reversal from down 70 points to up 13, vix actually shows a firm 3% upside......vix indicators shows volatility coming.....chart below

in the upcoming earnings season....missing estimates will be punish.this qtr is all abt hits and misses....Long term bonds are holding prices......junk bonds are rallying! I think stocks valuation for NW are pricing in mega turn around...

Mkts looks sorely overbought............when can i send my Banshees out??

Objective set!! dow cleared the 11000 S&P nears 1200

last few blogs we set the above as the objective and witches of the Dow and the Durids have push indexes to where they should belong...........Earnings season in play now........

how the indexes will pan out? i think from here is consolidation mode........we should generally see a 5% correction and then later a upside push to nevernever land

cheers
will find the mood to update some charts later..........

"Men who stare at the RALLY!!"

so ladies and gentlemen, once again, we are at previous high...............Ian is wrong to be anticipating a larger correction........though i am rite on the pockets of correction..........

dow 10955 and S&P 1180, these two pts look to break or die this week..........should be anticipating a big move this week.............

As on this blog, i had emphasized that this is a long only mkt...........bear shitters will die in this mkt, the more u short, the Machines will rape the bears...........

still i hold my views on the correction, deep down i know it will come....but again like the last time, i got the timing wrong.......but its okie, its all abt learning.......for now i keep my banshees aside watch the mkt go berserk.......before I unlease the banshees!!

Cheerios

"Murder She wrote"

well well Machines are at it again!! buying they rulez, selling they control!! spectacular how good this machines are, absolutely fantastic............nowadays up is limited to 40, down is also limited to 40 so we are now in what we call the 40s!!!

everything is so well panned, good news is ram, bad news is restraint...........

from here witches will probably have 2 choices have a nice 150 correction to sit at 10730 or a 900 pts down to 10k which one do u prefer, u think abt it!!

cheerios will ve doing some after action reviews on S&P and Dow Charts that were posted in mid march.... this is an exercise to see where we were right and where we go wrong........
remember this blog is abt learning and sharing & of coz a display of the little talent and passion of what i am good at, "i am not arrogant, but that damn good!!" hahahahahaha