martinex
Short

False B/O ?

INDEX:SPX   S&P 500 Index
267 9 3
It's time for 15-20% pull back ...

DJIA             is lagging with Doubble Top !

Good Luck !
salvatori.marco
2 years ago
15 20% pull back with strong macro-indicator?!?! noooo
Reply
toe299
2 years ago
yes these longs are getting pumped and now dumped
Reply
moemia
2 years ago
20%? From around 2000 to 1600? I say do your fucking homework son!
Reply
martinex
2 years ago
FED is behind us ... $BABA is behind us ... what will follow ?

snapshot


Good Luck !
Reply
martinex martinex
2 years ago
few more days ... end of Quarter and here we are :
snapshot


in addition something Long view :
snapshot
Reply
martinex
2 years ago
Another week has passed so we can look on the chart ... this time YTD performance
snapshot
- if we look at the same period in Russel 2000 and DOW we can clearly see that DOW is the second from grand four which has passed the 'zero' line this year. Not a good sing for the future imo - more weakness will come now in the name of market wisdom : Sell the loosers , Hold the winners. Time to the same action in positive markets which are S&P and NQ as the ones which will be used to cover the losses in the loosers.
Reply
martinex martinex
2 years ago
Last week - as I was expecting - began with more downside pressure on the markets , after the week end came we can assume that the some kind of wave 3 has found it's bottom or maybe it was just a part of wave 3 ... the pullback we saw/see is not the end of the selling imo - just some breather and more will come. Previous lows are now a resistance. Just a quick reminder of 2014 performance :
snapshot
Reply
martinex
2 years ago
The FAST and FURIOUS move upside we saw last weeks I can only hint is the correction irregular as wave B ( after wave A post $BABA )
snapshot
- wave 2 is too far ( above wave 1 - so the label is not pending )
the Doubble Top is also possible

http://1.bp.blogspot.com/_F9F6y3DEr0E/TIEUnt0nQeI/AAAAAAAAIGE/IgCnE3Ttq2c/s400/Expanding+ABC.JPG

Will it be the case ... time will tell - soon
Reply
martinex martinex
2 years ago
Current situation refering to the comment above looks like this :
snapshot


Time to make some decissions.
Reply
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