Dear Readers, Limits for today.
QQQQ 43.18 - 43.84
GLD 65.38 - 65.55
USO 48.23 - 48.63
GG 24.02 - 24.34
These limits look not too wide, which means that they will, most likely, be blown out by actual market volatility.
QQQQ 44.43 could stop it if not 44.75 . We must expect resitance at these points.
The Turn around time is tomorrow 12:15EDT and watch the limits then.
GOLD may have stopped at 50% retrace of FEBhigh MARlow Retracement 664(April Futures).Good
Trading
22 comments:
Spike up to 11:22:30 PDT; then DOWN.
Jim
So much for the market going down... it sure is hard to make money being short.
Dear John,
We did not say maket going down today. In fact, if you read the statment, we expected a positive reaction likely to the announcment. So there. One has to have a flexible mind or things will not work in the market for them. Good Trading
Boris, this should really pump up the sell pressure ?
NAZ Resistance: 2450.25 49.5 squared.
Jim
Dear Sqroot, definitely. BUt remeber, stronger it ( sell pressure ) is longer (1-4 days) it takes to dissipate it and create the sell conditions.
Good Trading
Oh I know you said the market would probably react positively...it's me...I have a hard time covering when I think the market is WAY overbought...
This is a very good site...I should have listened more carefully.
Now it's time for the sell pressure to increase.
Dear John,
We are not assuming we know anything, we could be wrong as anybody else. That is the reason we carefully listen to the Pressure Gages, they require some time to get used to, but rules really simple and knowing how to interpret them could provide everybody with the sixth sense about the markets. For the rules please search my article at the www.safehaven.com, one of them has the simple rules for this indicator.
Good Trading
This had to happen, everyone has been on the same side of the boat. You usually get dunked when that happens. Sounds like you and I are soaking WET, John!
Hi sqroot...drenched and cold. Time for a martini or two...or three
LOL, like they say in the Westerns - gimme a shot of rotgut, leave the bottle.
Boris,
if you have time could you say
what is your near time (5-10 days) forecast for USD/YEN and EUR/CHF? Thanks
Hi Boris,
What are your thoughts on the dollar here? It seems to me everyone is overextended on the short side. Do you see a rally coming soon? Enjoy the site. Damien
Dear Curaki and Damien, Good To hear from you guys. My views on $dollar have not changed at all. I maintained that we are going lower into the May ( will refine as we go ). That has been case in my last article "August Agian" at http://www.safehaven.com ( archives). So, nothing new, on and off down she ( $) goes into May. 82 and 80 are initial targets. Please remind me and I will see if it needs refining as we go. Thanks and Good Trading.
Gann Cluster at close:
DOW 12447.5 111.5 squared= 12432.25
NYSE 9317.7 96.5 " = 9312.25
N100 1806.35 42.5 " = 1806.25
NAZ 2455.9 49.5 " = 2450.25
S&P 1435.04 38 " = 1444
38.875 " = 1434.52
Next 2 Days should be DOWN.
Jim
Gann Cluster at close:
DOW 12447.5 111.5 squared= 12432.25
NYSE 9317.7 96.5 " = 9312.25
N100 1806.35 42.5 " = 1806.25
NAZ 2455.9 49.5 " = 2450.25
S&P 1435.04 38 " = 1444
37.875 " = 1434.52
Next 2 Days should be DOWN.
Jim
Boy JD, you are giving me hope. Don't know how much longer I can tread water. Thanks!
Dear Jim(JD).
Appreciate your participation on this site. Our readers should be greatful to have another view of the markets, and I am glad you provide, such. I do not know and can not prejudice the accuracy of your predictions, but the point is that everybody must make up their mind. You, I or anybody else can not be responsible about how people use the information. As it is every contributor gives his/her time and energy to provide information. People must learn how and when to make a profitable use of it. Dear JD thanks again. and Good Night All.
Time/Price Square chart for Yesterday:
DOW traced Cirxular ARC going Vertuca at high ok at NOON
Low in 18.2 HOURS or 12 42 PDT MONDAY
SP FUT stuch at 1444
LOW IN 19.2 HOURS
sorry for typos; lookong for glasses
Geometry of 3/21
DOW traced ARC going vertical at noon up 192 poimts forecasting LOW in 19.2 hours or 12 42 PDT MONDAY
Jim
LOW Mon 12 42 PDT
Jim
Low Monday 12 42 PDT
Jim
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