Market Outlook

Very bearish and getting worse too fast ,

 

thank you for info. However, these numbers also indicate support will likely hold.

 

Please elaborate..
I understand technically or atleast statistically we are at an Inflection point. 50% above and below 200DMA.
Its the speed we reached here is bothering me. but again. we can bounce even harder. No one knows the future.

 

Memories of what you posted on August 15th, 2010 on your blog :

" DOW and SP500 weekly charts Fri Aug 13 inclusive.

The indexes continue to be pulled in opposing directions by the
buyers and sellers – as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.

As mentioned earlier, weekly and monthly charts have been topping
and basically going sideways since early May 2010. This topping
process will cease and increased selling pressure and more bearish
consensus should result in a more pronounced downtrend
developing.

EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.

CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.

COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time – warning what’s ahead for the global
economy.

Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "

I'll repost this here and there to remind everyone of your history.

 

EURUSD downtrend and USD uptrend continues and more expected as dollar rally strengthens.

Key equity index downtrend on daily chart strengthens. Weekly is bearish/neutral and significant downside expected.

Ignore emotional pseudo trader trolls. Due to ignorance and denial they will continue buying all the way down as the market drops. Listen to these clowns at your peril.



June 8, 2011
'Key index weekly charts now give bearish signals – the
correction gathers momentum. Next S&P500 target is 1222
but that won’t hold. Unfortunately the March 2009 lows will
be breached'

June 15, 2011
'I now officially declare the USD rally open for business. And the opposite for Euro. Last 1.4230'

'Originally posted Feb 16, 2011 and my opinion has not changed.
When DOW/S&P500 correction gathers momentum, I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL'

http://stockmarket618.wordpress.com

 

Think the market will get a relief rally today, most are waiting for the SPX to break its lows from March and eventually see the SPX close below 1250, but I think they will be able to keep it propped up the rest of the week.

 

I urge all traders to exercise extreme caution on this thread. Listen to GrandSuperCycle at your peril.

Buddy, your failure to acknowledge your mistakes ( there are many ) over a 10 month period destroys your credibility as a trader. End of story. You can bitch and moan all you want, make spurious attacks on people who challenge you, but the facts remain. You aren't very good at forecasting markets.

This will be more clear by end of year when equity valuations push markets higher, in stark contrast to your theory that March 2009 lows are in question. This is a lame attempt from yourself to create a career for yourself with a "hero" call. Standard scam in this business.

 

We are officially at the cusp of Bear market

 

It's now official: Nine_Ender is an unbalanced internet stalker who needs professional help.


EURUSD and USD reverts to neutral as daily/weekly charts exert
their influence once again. As mentioned, when USD rally does
gain momentum it's likely to be a rapid and substantial move.

 

What does that mean?
Are we reaching the bottom now for equity?