The 40-year old virgin is running out of time. Tomorrow will be the last chance to ‘close the deal’ so to say, otherwise we’ll be most likely talking about a 50-year old virgin a month from now.
Let’s run through some medium and long term charts to make sure everyone is on point for this coming trading week:
Really long term outlook here. I have shown this chart in the past and what is now an established trend is that of diminishing volume during rallies and increasing volume during drops. Is that a new bull market? One could make the ‘wall of worry’ argument here but if that was the case we wouldn’t have almost [...]
I don’t have much time tonight as I’ve got to work on another project but wanted to put up a road map for Friday for you guys. So, without further ado here we go:
After today’s rip from hell I would be very surprised if there was no follow through sometime tomorrow – even if the boyz fake some weak tape in the morning. ES futures right now are hovering at 1100 – I’m sure the bulls will fight like hell to hold on to that level.
Soylent Red gives the monster Minor 3 wave scenario a bit more leeway. However at 1125 it’s time to say goodbye to that one.
Soylent Green maintains that we are at the onset of Minor 2 of [...]
I just figured out a something I believe is quite exciting (if you can call it that) on the daily Zero. Something I should have seen a long time ago, sorry. My only excuse is that my Zero charts mostly run on my 2nd TOS account and for some reason there has been daily data missing (thanks again TOS!). I just pulled it up on my other account and what I saw is surprising in terms of clarity. As in – we may now know how to recognize major market lows:
I don’t think this needs much explanation. I am seeing very distinct divergences at major market lows. We got one at the this year’s low, which was quickly reversed. Based on that chances for Minor 2 being [...]
Alright, you are not going to like this, and I have to apologize in advance for scaring the living daylights out of you. Maybe it is nothing but I see increasing and alarming evidence that needs to be presented so that everyone can prepare properly. Quite frankly, the hair in my neck was standing up when I saw today’s reading on the NYSE A/D ratio.
Now I have serious doubts that we are going to close at 11.3 x but I think we can reasonably expect a 7 or 8. BTW, you may recall why 8 is afraid of 7… Alright, not funny, I’m just trying to make the news a bit more palatable. Please make sure you are sitting when I show you the only other matching fractal [...]