Where are we? again?

Dear Readers, in continuation of yesterdays question, please See the pressure charts for today. Our feeling of what they would like was very nearly perfect yesterday. So, what can we add... Not a lot. For a market to be a really a good buy opportunity it must create the buyPressure and to do so it must sell off... Period. Anything else is just more sucking of bozos going on. In accordance to our near term bullishness on Stocks into Later April at least, we think that Energy+EnergyStocks will participate some way into that Metals perhaps the same, but I am nervous about the possible drop of all of these if Inflation numbers do not come out supporting the inflation assets ( GOLD/ENERGY), so watch PPI carefully today. Currencies, what can we say, should we repeat... $dollar down into May, but watch the DOLLARBEAR it is waking up and once fully awake she will become a DOLLARBULL. Yes my friends for a while the sun will shine on $Dollar beginning May 2007 into Sep 2007. Interest rates have been rising lately and favorable PPI numbers could temporarily stop that process, as well, as exacerbate the $Dollar decline. All EYES on PPI today. Good Trading

Where are we?

Dear Readers, Considering today's action in the markets here is what we see. This rally, provided lasts to the end, will create a lower buy pressure and another opportunity at a stronger sell-off. You know the deal by now. Low buy pressure has only one cure, high buy pressure and that only comes via market decline. Market now seems to be setting up one of those sell-off's again. That could take a day or week, just watch the pressures. Good Trading

Limits

Dear Readers, Limits For Today.

QQQQ 43.80 - 44.37
(44.47 maybe the top for today)Market has higher numbers in mind 44.61, 44.77
GLD 66.80 - 67.32
GOLD/SILVER honor the cycles. They are down into 4/12. More downside potential exists into the end of April, but so does the upside, Play by short term rules, cause the sideways moves itno June are entirely possible.
USO 49.96 - 50.92 ( Unclear For Now)
GG 25.52 - 25.90
Please Notice, the carry-trade currencies CHF and JPY appear on the move(higher, again). They have the power to break all markets. Be careful now.

Jim Taylor, JD said...
Short DOW at 12544 112 squared.
Boris... 12544 timed 44.61 QQQQ ...Boris
NAZ resistance +19.5
S&P " +6.5
Last Spike up due at 11:22:30 PDT
Jim




Good Trading

Buy Pressure Slowly Rising

Dear Readers...

Fed Minutes

Dear Readers, Here we are, citizens across this nation are turning the keys for their homes in and MoTown is more like a GhostTown and Bernanke says we must stay firm. Do you wonder why?... Wonder no more, look at the $Dollar. Look at our predictions on Currencies. Yes my Dear Readers, Fed is trying to defend the sick $Dollar. Good Luck and Good Trading.

Limits

Dear Readers, Limits For Today.

QQQQ 44.28(44.16,43.97) - 44.84
You All See, hard to tell between QQQQ/SLV charts...? Well, this tells us that no matater how bearish we are on anything, things will perk up until the Stock market and liquidity breaks ( in May hopefully )
GLD 67.02 - 67.67
USO 49.96 - 50.92
GG 25.89 - 26.39
Jim Taylor, JD said...
Next Wave Down engaged.
1444 Resistance
Projected LOW: 1436
Friday's Low 12321 = 111 squared.
Jim
4/11/2007 10:52 AM


Good Trading

More Of The Same

Dear Readers, Little has changed from latest comments about the markets. Just reread last two daily comments and you have all you need to know. Things are developing as suggested, except the Metals seem to persist in their "little" up move. We believe the cycles will take over and they start going to trend lower today/tomorrow. We are not shorting this market, due to intermediate longer term bullish outlook, so we could not care less if they play a bit more on the upside. Now, you should be teaching me how to read my pressure graphs. Yes... Until the buy-pressure starts going up and crosses the CYAN ( avrg-buy-pressure) line, we should sit tight and let this market fool/suck others higher. We are waiting End-APRIL/Start-May for our moves. Good Trading.