1279 1277 1273 1268 spx 1289 1291 1294 1299
10:12 ET, well, was this all ANTIDOLLAR could do for today? Could be, could very well be. Remember though, this week maybe the first time in few weeks where AntiDollar has a fighting chance for starting formation of bottom. Not the bottom but bottom.
11:32 ET, this move in stock market, especially the depth of the move lower, was not really expected today , even as I said the 26+-2 days which covers today. It was more hope that 26-27 will do the job. It still could. But this underscores the fact that when "in No mans Land" ( According to Dear John) you try to stay out of it. I say "when in doubt but out".
11:39 ET, At this time it seems to be all YEN in play and if it stops at 4th it could help the stock market start rally.
12:42 ET, YEN is approached the fifthDLAP from the lower side(HUH). If it can penetrate into the APS it could again restart the stock market. If it fails around 109.17 then we could see a really bad day in the stock market today.
heading higher( lower in quote) again. Stock market could tank today. This is EE
12:45 ET, YEN breaks fifth upside from bottom.
12:48 ET, Yen Approach the fourth 109.30, market not reacting yet.
12:51 ET, SILVER , GOLD unable to get any traction here and while the USO is up a bit the stocks look lethargic.
12:54 ET, YEN rejected at fourth and RIE my Dear Friends. If it breaks 1259, and then 1947, all pretence of "all is fine" will melt in no time. And bearish alternative into 16th of September will turn out into a slow moving nightmare.
If/when 1259 break , need to start looking for entry points. Does not have to be today. It could be tomorrow, does not matter.
13:05 ET, Notice though that Dollar is , coming back, slowly but surely? That would be more in line with my first/preferred scenario as discussed with Dear James.
13:07 ET, YEN getting screwed breaks fourth, approaching thirdDLAP, what a fake this could be!
13:10 ET, YEN could go to first DLAP from below , that is where the important moving averages cross too. Is 109.55 coming up?
Stock Market is not very responsive at this point though it stopped looking suicidal
Do we see the GHOST OF THE PAST, FAKE OF THE YEAR, EVERYBODY REMEMBERS THAT? just search here in the search Box. This could be the third FAKE OF THE YEAR. We name them for three STOOGES, Bernanke, Paulsen, Cox
14:08 ET, unless we recover towards the end of the day the pattern here would have nailed another disaster in making for the markets.
14:25 ET, Dear INVESTOR, I will , absent the recovery in the stock indices towards the close, lighten up by 5-10% on the stock Portfolio portion of the Assets. The only time then I would purchase it back will be either as announced or when the market goes back up above today's high, after the close of today.
15:08 ET, barring the miracle, this market exhibits all the signs of one going for suicide. Market had all the reasons to go higher today. PCRATIO was fine and looking down and Sell Pressure was not high and the Momentum was indicating that the 50% retrace and 100% ABC projection of the base of July 16th will produce higher high around 1333. Yet the market chose the obvious ( only if we look at the intermediate pressure chart) to go down as prescribed by the elevated AverageBuyPressure Oscillator. Sooner or later that pressure curve must come down to the natural buy zone. Market chose SOONER.