tag:blogger.com,1999:blog-12333088.post5524849472794976068..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on January 19, 2010Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-12333088.post-16293185409912494632010-01-19T15:17:54.696-05:002010-01-19T15:17:54.696-05:00We're pretty much seeing things the same. I ha...We're pretty much seeing things the same. I have 1214 as SPX range. and have liked $55 oil for a long time. Thanks for you great work.Shankyhttps://www.blogger.com/profile/07202827468828896685noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-15356510866710099982010-01-19T10:51:54.718-05:002010-01-19T10:51:54.718-05:00Thanks, PM. Actually, there is support at both th...Thanks, PM. Actually, there is support at both those points on a standard chart. What I meant to say was that I wasn't looking at those with any special significance; now I will. Thank you again.<br /><br />Carl, the strong tape today suggests that we may go up to new highs before we break.Winhttps://www.blogger.com/profile/04040943114916173740noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-36370035412332580482010-01-19T10:30:43.227-05:002010-01-19T10:30:43.227-05:00Win,
You're most welcome. You may not see an...Win,<br /><br />You're most welcome. You may not see any obvious support points at those prices on a standard chart, these price points are based on a mathematical formula with no regard to the actual visual chart. But, they definitely exist and are there and will trigger heavy buying if the market touches those prices.<br /><br />My best regards,<br /><br />PMPMhttps://www.blogger.com/profile/00075052726630126469noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-32814157505429630592010-01-19T10:27:36.049-05:002010-01-19T10:27:36.049-05:00strong market this morning. I break above Thursda...strong market this morning. I break above Thursday's highs means we're headed up. That is a big 'if' here. Right now the S&P is roughly right at the bottom of the old support line from December 2009, which now serves as resistance.Unknownhttps://www.blogger.com/profile/04586265457583579477noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-68929201161234124412010-01-19T10:15:12.419-05:002010-01-19T10:15:12.419-05:00looks like carl (even carl!) could be too bearish ...looks like carl (even carl!) could be too bearish here..UP UP UP & AWAYandihttps://www.blogger.com/profile/01602176400384456285noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-25362997876555123962010-01-19T09:33:44.128-05:002010-01-19T09:33:44.128-05:00Thanks, PM. This is helpful. I wasn't lookin...Thanks, PM. This is helpful. I wasn't looking at those support points, but I will now.Winhttps://www.blogger.com/profile/04040943114916173740noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-33519619698402310632010-01-19T09:11:38.433-05:002010-01-19T09:11:38.433-05:00Hi Carl,
A close today below 1129.70 will give me...Hi Carl,<br /><br />A close today below 1129.70 will give me a confirmed sell signal. If so, then the first initial support price would be 1118.20 (give or take a few ticks) and then 1089.60 (give or take a few ticks) presuming the market actually gets down to those prices. These are not targets, these are support points where a highly spirited and trade-able rally would occur ONLY IF the market does reach those price points, according to my model.<br /><br />Thanks.<br /><br />Kindest regards,<br /><br />PMPMhttps://www.blogger.com/profile/00075052726630126469noreply@blogger.com