Thursday, June 21, 2007

S&P's, Spiders, and QQQQ's

Here are hourly charts of the September S&P E-mini futures, the Spiders, and the QQQQ"s. I last commented on these markets here.
As you can see the markets have bounced off of the support levels cited in the last post and I think a rally to new bull market highs has begun. I still believe that we shall see a significant top in mid-July.


Anonymous said...

Great call. yesterday, we had a bunch of jokers ridiculing your projections - wonder where those d-bags are hiding today after the spot on call .... you called 47.10 low for Q and LOD is 47.08.

Continue on your good work !

Anonymous said...

hi carl:

great call on SPY.

wondering if you think 155.50 on SPY will be the high for this market..or do you expect higher high from there? if yeah, any projections? thanks


Gary said...

A guess is a guess. Sometimes they work and most times they don't. There is no such thing as a valid prediction in the stock market because no one can see the future. Just take a look at all the incorrect predictions that didn't work out. Up until yesterday Carl was predicting a straight shot up to $48+. That one didn't quite work out as planned. Use a little common sense folks. No one can consistently call the future.

Anonymous said...

TLT is selling off again. Any impact of it to the markets. Double bottom needed?

Anonymous said...

Hello Carl,
Thanks for great commentaries.
I agree that the main trend is up and we will be watching a good rally any day now, but I think Friday we will have a LOW or a retest at least.

pursuitist said...

Here's some front page NYT for contrarian analysis:

Anonymous said...

I have to ask you again Gary. What is your problem with Carl? Does he comment on your blog? What do you want to prove? Please read in the right pane click "index of odds and ends" and than "how to trade your forecasts". Maybe you can learn something too.

Anonymous said...

Nice Call.!!

.......'but I think Friday we will have a LOW or a retest at least'.