Just offering my view that EWI, McHugh, Allan might get whipsawed from a low Tues/Wed moving higher possibly up to 1160 by end of month, 1/25-1/28 then the move down starts 1st week of Feb. The down move also may not be _the_ W3 EWI are looking for. Study sell offs. They all start with a round top, even going into 9/11.
When EWI/McHugh go full short, GS, JPM salivate over easy short squeezes, probably next week and beyond. This won't just drop from a top, not with mega trading desks who can extract profits from buying 3 day sell offs rolling the short retailers. Look for moves in 3 days and 30 pts.
Until the funds stop buying we won't be going down by much. http://www.stocktiming.com/Thursday-DailyMarketUpdate.htm
Just suggesting you keep your stops tight and take your short profits fast. W3 is still a ways away JMO.
6 comments:
ObamaDare?
-Mike
Allan, are you still recommending TGB even though Cramer gave it a Buy on today's Lightning Round?
.
Alizée - Jen ai marre
Alizée - I'm Fed Up
Put/Call Ratio vs. SP500
Just offering my view that EWI, McHugh, Allan might get whipsawed from a low Tues/Wed moving higher possibly up to 1160 by end of month, 1/25-1/28 then the move down starts 1st week of Feb. The down move also may not be _the_ W3 EWI are looking for. Study sell offs. They all start with a round top, even going into 9/11.
When EWI/McHugh go full short, GS, JPM salivate over easy short squeezes, probably next week and beyond. This won't just drop from a top, not with mega trading desks who can extract profits from buying 3 day sell offs rolling the short retailers. Look for moves in 3 days and 30 pts.
Until the funds stop buying we won't be going down by much. http://www.stocktiming.com/Thursday-DailyMarketUpdate.htm
Just suggesting you keep your stops tight and take your short profits fast. W3 is still a ways away JMO.
GLTA Curt
Here's good analysis for likely timing of a top of what ever degree.
http://quicktakespro.blogspot.com/2010/01/rally-will-end-feb-15.html
curt
Alan, wondering why you don't use the Globex session for the S&P? For the Vortex it seems more exact.
Thank you again for all your work.
sk
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