November 16, 2010

Morning Post, SPX, S&P 500, e-mini

Is the dollar about maxed out?
AUD/JPY maxed out?


Morning. Falling away. Thanks Ireland!

Folks, bottom line is that things have been miserable and on life support for well over a year now. the period of extend and pretend s coming to an end. Figuring this mess out now is becoming increasingly difficult. I'm still in the POMO to raise all boats one last time camp and that the markets will be headed up into Xmas.

Near term we're on a good count. My 15m chart and the call from Friday where I gave the measurements of the moves is working pretty well right now. So it looks like fall to 87 then up to near 97 then down to 77. The hard part is all that has to happen before Thursday because I am speculating that the markets will need to be "happy" going into Thursday's GM IPO. 

GL!

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3186525&cmd=show[s158843170]&disp=P
blog comments powered by Disqus