Q Extrm lowBuy,highSell Pressure

Dear Readers a quick observation shows that Q's are at a very low buy pressure and at a high sell pressure. Not only that, but the CYAN line ( average buy pressure ) is at the scary levels, from where the big drops have developed. So, there, SPX is in a little bit better place. What to make of this? Well, there is a Little potential for strong up move in Stocks, but if we have an up move it will be immediately followed by a down move as SPX joins the Q's in a Sell Configuration. Well, we can hope that the downturn is a bit mild and sets up the final move up into Late April, Early May for The top in the stock market. Stay tuned, should be exciting. GOLD/SILVER they have moved up yesterday to 62% retracement resistances. As stated cycle wise we need them to turn down today. If not there is something wrong in my current understanding of these markets. Currencies have followed the script and Dollar has been marginally stronger. Expect this to end early next week, with a Dollar (semi)collapse into May. Energy Lower into June, with a small/no upside left and Interest rates slowly higher.
Good Trading

Limits

Dear Readers today's limits

QQQQ 43.96 - 44.44
GLD 66.22 - 66.93
USO 51.16 - 52.62
GG 25.36 - 25.95
Good Trading

Market Is getting closer to overbought

The stock market is getting closer to the high sell pressure, not extreme though. So, it is still play the short term indicators game with an intermediate outline of higher stocks into early May. Gold/SILVER seem to be doing their best attempts to suck the bozos in, but I must admit that yesterdays break of 4 day high by Silver was a mind changer( I warned about that in earlier post), not in the sense that we shell see an immediate run up, but in the sense that perhaps these markets show more strength in coming decline phase than initially thought. The decline should start today tomorrow cycles allow that. Let us see if indeed it is a weak move down. Many of you remember that My initial GOLD move up high projection was a later March early April, well deceptively metals showed a week move into the end of March and somewhat more strength into the Early April. No problem, None of this changes anything else I have predicted, which is the weakness coming into the April 8 +-2 trading days.
Dollar is still showing some strength, as projected and Energy slowed down. Interest rates as expected have inched up slowly as well. Good Trading

Limits

Dear Readers today's limits

QQQQ 43.30 - 44.16
GLD 65.32 - 66.57 ( Lot of hot air, don't trust)
USO 52.19 - 54.23 ( used lot of hot air, fizzling)
GG 24.32 - 24.99
Good Trading

All Pressures Low

Dear Readers, All pressures seem to have dropped, which is to say that, while the sell pressure is not high the buying pressures are even lower... Think about that. Well, the interpretation, for a short time anyway, is that we are more likely be stuck for a while, until we break the trading range formed in last few days. I remain with my sentiment for stronger Dollar in a very short time April 8 +- 2 days. And that colors all other forecasts as stated in previous post. Watch the limits. You know, though that my intermediate outlook is favorable for stocks into Early May. Good Trading

Limits

Dear Readers today's limits

QQQQ 43.41 - 43.87
GLD 64.90 - 65.64
It is my best understanding that the "rebound" in GOLD, and especially in SIlver, should not be trusted. Going Down into APril 6-12. Only 4 day Silver high could change my mind. Timing of GOLD/SILVER high today 19:15 ET
USO 52.70 - 53.69
GG 23.68 - 24.30
===========Jim Taylor, JD said...
LOW's at 11:22:30 PDT
Jim
4/02/2007 8:55 AM

Jim Taylor, JD said...
Projected LOW's for the Week:

DOW 12176 (-178)
NAZ 2379.8 (-41)
NYSE 9159.9 (-101.4)
N100 1738.1 (-34.3)

Jim
4/02/2007 9:13 AM
============================
My Comment to JD's info. Nice to see these weekly numbers attempted. I do not work with the weekly numbers, only Intraday and IntraYear. If this week is low in Stocks it will correspond to the bearish outlook on GOLD/Silver, as well as, with our Yellow Brick Road outline of Early April Low and Early May high in Stocks. Thanks to Jim and enjoy the forecast.
Good Trading

Nothing Resolved, Still...

Dear Readers, Nothing has resolved in the markets again. They buy ans sell pressures are not as supportive for a rebound, but nor are they pointing to a decline. These are kind of times where the short term signals take over and guide the trading. Sometimes we must admit that GPS may not deliver at all times, in all conditions and we may need to use a simple magnetic compass to do the job. Well this is the kind of a time we have right now. Cycles are mixed, Forces are balanced and anything can happen, but remember this never stopped Chuck Noll, Steelers( my beloved team) Coach to use all the "other tools" he had. We have these tools, they are called short term indicators. Give them bigger weight at this time. By the way, we are not out of the ideas, it is just that it is hard to get the clear picture from them. For example, will energy move up on IRAN BS? How well will the GOLD follow older patterns and which one of them? ( Possible top on April 2, instead of bottom and then the bottom on 6-8?). Will currencies will show a bit of a weakness before dumping the Dollar even lower? If you put the gun on my head I would say yes,yes and yes to all these three questions, which would delay the stronger trends by few days. Meanwhile, believe it or not, I think Silver is ready to start tanking and now...
OK, Wonder with me, this maybe fun for a change. It is so boring to be correct ( profitable trough (: :) ), When all else fails look at the Yellow Brick Road in the posting "August Again?". According to it, we are in the bottoming period ( late March , Early April) and then move higher into Early May for Stocks. Everything else follows... Gold sideways lower, Dollar Lower, Energy as Gold and Interest rates hgher.Do you notice how much you can say when nothing you say makes sense?
Good Trading