Market Outlook

luisHK · Dec 7, 2011

Quote from Sharp2be:

A barbituric acid derivative that acts as a nonselective central nervous system depressant. It promotes binding to inhibitory gamma-aminobutyric acid subtype receptors, and modulates chloride currents through receptor channels. It also inhibits glutamate induced depolarizations.
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That sounds bearish

newwurldmn · Dec 7, 2011

Quote from luisHK:

Rally mode is back on btw, the market outlook deserves an uddated outlook !
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You forgot to link to a stupid and pointless blog.

luisHK · Dec 7, 2011

Quote from newwurldmn:

You forgot to link to a stupid and pointless blog.
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My bad - yet one should not try and steal the most discerning readers out there from tricycle boy's blog

EliteThink · Dec 7, 2011

Quote from dan1979:

On the weekly charts, the S&P 500 formed a bearish head and shoulder pattern around May 2011, the break below whose neck-line took the market all the way down to 1100. The head was at around 1370 and the neck-line was at around 1250. So the pattern target has been achieved. At present, on the weekly charts, the level of 1150 is crucial, the break below which should see increased selling.

On the daily charts, the S&P 500 has good resistance around the 1270-1280 level, and the break-out from that zone should take the index to 1300 level. On the daily charts also, the last pivot low was at 1158. So a break-down below this level, with good volumes, should be negative in the interim.
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if only OP could articulate as well.

bone · Dec 7, 2011

Quote from dan1979:

On the weekly charts, the S&P 500 formed a bearish head and shoulder pattern around May 2011, the break below whose neck-line took the market all the way down to 1100. The head was at around 1370 and the neck-line was at around 1250. So the pattern target has been achieved. At present, on the weekly charts, the level of 1150 is crucial, the break below which should see increased selling.

On the daily charts, the S&P 500 has good resistance around the 1270-1280 level, and the break-out from that zone should take the index to 1300 level. On the daily charts also, the last pivot low was at 1158. So a break-down below this level, with good volumes, should be negative in the interim.
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Please take over this thread. It's yours.

N54_Fan · Dec 7, 2011

Quote from dan1979:

On the weekly charts, the S&P 500 formed a bearish head and shoulder pattern around May 2011, the break below whose neck-line took the market all the way down to 1100. The head was at around 1370 and the neck-line was at around 1250. So the pattern target has been achieved. At present, on the weekly charts, the level of 1150 is crucial, the break below which should see increased selling.

On the daily charts, the S&P 500 has good resistance around the 1270-1280 level, and the break-out from that zone should take the index to 1300 level. On the daily charts also, the last pivot low was at 1158. So a break-down below this level, with good volumes, should be negative in the interim.
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Well said....I agree 100%.

GrandSupercycle · Dec 7, 2011

Massive equity buy suppport yet again. As mentioned previously, the longer this goes on the worse the next crash will be.

http://www.spreadprofessor.com how are your 'disciples' ?

Bone, I'm still waiting for your response...

17 Nov 2011
Bone, I'm still waiting for a response.
BTW I do not have 'disciples' as you put it.
Is that how you view your paying customers ?

Bone,
Why are you talking about Ellliott Wave ?
As mentioned previously, I do not trade with EW and never have.
Hope that clears up your confusion.

Bone erroneously states:
"Well, relying upon cyclical studies and wave count analysis in particular like Ellliott Wave will certainly amplify this anxiety. Too vague to be useful, and the constant and ongoing revisions can make it an untenable and psychosis-inducing exercise. How can two completely opposed biases regarding the S&P 500, published in the same day, inspire confidence ?"
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Lucrum · Dec 7, 2011

Quote from GrandSupercycle:

Massive equity buy suppport yet again. As mentioned previously...
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You cannot make this shit up. LOL!

Uh, which previously mentioned time was that anyway Grand Poo Pah?
I mean you change your outlook about every 10 minutes.

bone · Dec 7, 2011

Quote from GrandSupercycle:

Massive equity buy suppport yet again. As mentioned previously, the longer this goes on the worse the next crash will be.
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I was incorrect, you are are too vague and non-committal for even Elliott Wave cycles.

iceman1 · Dec 7, 2011

Quote from GrandSupercycle:

The longer this goes on the worse the next crash will be.
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what a loser

you have been wrong, and yet you are so delusional that you continue to post some rationalizing b.s. rather than say "guess I was too early in calling for xmas rally ending"!