Blog Archive

Friday, April 18, 2014


My last target price was a good call, and as I said the pattern appeared to be corrective.  Support has held and both the gray upward fork as well as the large blue fork are still in force.  1923-1933 is the target price I'm looking for.
But don't get me wrong, the bears will rip this market to shreds one day soon.  I don't like speculating on fundamentals, but I have an idea that the International Monetary Fund may cause the reversal.

Tuesday, April 15, 2014


Looks corrective, but the blue handle could offer support.  See April 10

Friday, April 11, 2014


As I expected.  The question is will this support hold.

Thursday, April 10, 2014


That grey fork has been an alternative for quite awhile.  Today dipped through the blue band, so I'm expecting a test of that lower tine on the gray fork. 

The yellow fork is history but the past few weeks look more like a correction than a top... If the gray fork fails there is very little to stop the market until 1730 except for some weak support levels near 1796 and 1770 but there is nothing solid.

What do you think? Was 1892.50 the top, or do you think we will pass 1900+ within the next few months.
I put this chart up to show why I agree with PermaBear Doomster.

Tuesday, April 8, 2014


How am I doing? 

The "Blue Band of Interest" was initiated on my charts back on February 20.  This range has held many assaults.

My target posted March  18 was a bit wide, but notice the top and bottom of the target did result in turning points. The market was in the beginning of a correction which lead to my confusion, but if you look at April 4 the significance of my wide range becomes apparent.

Currently I am still Bullish as long as the Blue Band continues to lend support, with an expectation of 1923 - 1933. 

Friday, April 4, 2014


Until the lower blue range is broken my target will remain 1923-1933

Thursday, April 3, 2014


My original target of 1858-1886 was filled. The blue line of interest has continued to offer support. Until the market breaks 1823 (the blue line of interest) it will remain bullish - I have drawn a new target of 1923-1933.

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