The wave of the Red Sea is coming down.

Monday, April 06, 2009 10:28:29 AM

Finally, we are getting a pull back.

Sell, sell, sell -- the wave of the Red Sea is coming down.


Monday, April 06, 2009 8:59:52 AM
Markets are pulling back after reaching the SPX 850 target. Since the March 6, 2009 bottom at SPX 666.79, markets were absolutely skyrocketing relentlessly without any decent pull back which was showing strong trend following up price momentum with negative divergences.

Many bears were running tails tucked in and are slaughtered ruthlessly, and with the bull rocket bomb reined on bears lately, we don't have many bears left.

Markets retrieved from the resistances.
$COMPX 1625 +/-
$INDU 8075 +/-
$INX 850 +/-
Qs megaphone formation is completed at 32.50 +/-.

SPX 850

SPX 834.38 ~ Reached target 850+/- R and with the Bernanke, G20, FASB, and OB Madoff printing scheme, markets will pump and dump at will drive the world financial markets like their little cash registers. With the big Bernanke/G20 money Madoff scheme, markets will blow off up or down. Markets are snoozing with low VIX. Big Madoff show in March -- will it continue to April?

I recommend to take profit and sell. A pull back is due.
http://www.youtube.com/watch?v=uehqZlkUb3g

Markets retrieved from the resistances.
$COMPX 1625 +/-
$INDU 8075 +/-
$INX 850 +/-

Best 15-day rally in 70 years

Best Rally: Markets rallied from SPX 666.79 on 3/6/2009 to SPX 832.98 on 3/24/2009. H/L 166.19 points, 25%

The market rally of 25% H/L and 20% gain is its best 15-day rally in 70 years.



Economic data



CONSOLIDATION: After the market rally of 25% H/L and 20% gain is its best 15-day rally in 70 years, markets will consolidate retracing 30%-50% for the bullish case to SPX 755 +/-, DOW 7225 +/-, Nasdaq 1425 +/-, and Qs 28.60 +/-. However, we have the EOQ mark-up and G20 meeting during the next week going into the Q1 earning report in April; hence, volatility will continue as VIX and CPC volatility reading is very low signaling higher volatility during the earning reports. For those who missed the rally from 3/6/2009, waiting for a pull back is better than chasing the markets at this time. Of course, the EOQ positioning is the game which fund managers play.
http://trend-signals.blogspot.com/2009/03/best-15-day-rally-in-70-years.html

Market Pivots
Qs 32 +/-
SPX 830 +/-
DOW 8000 +/-
Nasdaq 1600 +/-

Breaking above SPX 830 +/-, markets will trade to SPX 1000 +/-.


14772

Markets trading near SPX 850 target

Markets are now trading near at SPX 850 target. Breaking above it, the next target is SPX 1000 +/-.

$COMPX 1587.00
$INDU 7931.33
$INX 832.98


Markets have not violated the bearish scenario, yet. However, markets are showing bullish sentiment which is showing less likely the bearish scenario.

___________________________________________________

Wednesday, March 11, 2009 11:11:42 AM

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36204303

Markets are trading at pivotal resistances: Intraday HOD so far SPX 731.92, SPY 73.75, Qs 27.99 -- consolidating near at R1 which was the case yesterday. A follow-through day with the rally yesterday would provide some positive sentiment as markets are oversold and now daily/weekly indicators are showing a sign of price improvement with internal positive divergences -- targets to RST formation wave upside, Qs 34 +/- and SPX 850 +/- -- with the impulse wave, so far, in progress.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36114307

Posted by: *~1Best~* Date: Friday, March 06, 2009 5:10:03 PM

MARKET BOTTOM: SPX 683.38 0.83 0.12%

SPX 666.79

Market Bottom 666

MARKET BOTTOM: SPX 683.38 0.83 0.12%

SPX 666.79



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42920099


Dow Ekes Out a Gain After Late Rebound

| 06 Mar 2009 | 04:18 PM ET

Stocks staged a late-day rally Friday, pushing the Dow to a positive close, after a report that a major UK bank has reached an asset-protection deal with the government.

Stocks got a quick pop at the open an on-target payrolls report but then slid downhill for the rest of the session, taking more safety stocks with it, until this rally in the final half hour of trading.

The Dow Jones Industrial Average ended up 0.5 percent at about 6,620, clawing back from a 12-year low below 6,500 intraday.


URL: http://www.cnbc.com/id/29551675/