tag:blogger.com,1999:blog-12333088.post5854359007608561198..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on August 13, 8:20 am ETCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-12333088.post-79475950756634174052008-08-13T22:14:00.000-04:002008-08-13T22:14:00.000-04:00Carl,Also wanted to point out the following..Note ...Carl,<BR/><BR/>Also wanted to point out the following..Note the ascending triangle on the daily s&p since July 14th...We broke above that level on monday, and subsequently corrected back down to the trend line and bounced off that line today at 1275ish...if we move decisively (and above the 50ma)thru that triangle we may find some support at 1300, and continue to move higher, find over head resistance at the 100 day MA(1336ish)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-21083123631333204012008-08-13T22:05:00.000-04:002008-08-13T22:05:00.000-04:00Carl,If we reach the 1325 level, where do you thin...Carl,<BR/><BR/>If we reach the 1325 level, where do you think the market will go next...simply higher or will it correct down to 1275 level? I noticed the other day (Monday) the market reached intrady roughly 1314 and then moved lower for the next two days...one of the frequent posters (PM) stated that 1317 was the next reaction point...and that seems to be what happened. So do you think we go up to 1325 and small correction then we move higher, or we break thru and move higher and find support at 1300 - 1310. I suspect that we will climb to 1350ish reach an overbought market and move lower 100 points or so..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-56846436263800498712008-08-13T20:06:00.000-04:002008-08-13T20:06:00.000-04:00Dear 6:09 pm:I didn't "get" you, the market did. T...Dear 6:09 pm:<BR/><BR/>I didn't "get" you, the market did. There is nothing personal about about what the market does or does not do.Carl Futiahttps://www.blogger.com/profile/01624989905417650273noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-84679744823654796842008-08-13T19:09:00.000-04:002008-08-13T19:09:00.000-04:00ok futia you got me. I was the one posting bearish...ok futia you got me. I was the one posting bearish comments 1 week ago., I think I made it like 16 out of 17 or something. It's obvious the recent advance has staying power so i went long the spy @129.60 ditched at 130.62 and reloaded @128.95. 1325 should be a no brainer I think we even may do the 1360 thing. I am still not so sure about this market 2-3 months out but like I said you got me. You were rightAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-83836995033024543542008-08-13T10:42:00.000-04:002008-08-13T10:42:00.000-04:00this is the question if 1270-75 will hold .... if ...this is the question if 1270-75 will hold .... if not than I think we will drop all way down in the low 1200sAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-68363154087770028422008-08-13T10:22:00.000-04:002008-08-13T10:22:00.000-04:00Thanks for your insight Carl! This pullback is a ...Thanks for your insight Carl! This pullback is a great buying opportunity! The recent weak news about the financials could hopefully get us an emergency rate cut to get things going. Best of luck!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-90722033434827421722008-08-13T10:14:00.000-04:002008-08-13T10:14:00.000-04:00Carl,The Qs are indeed encountering resistance aro...Carl,<BR/>The Qs are indeed encountering resistance around 47.5, which they will have to break if the SP is to advance to 1325. Apple seems to be carrying the Qs on it's back for this run last week. I wonder how long it can last.Winhttps://www.blogger.com/profile/04040943114916173740noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-46945380826781842472008-08-13T09:58:00.000-04:002008-08-13T09:58:00.000-04:00I think EURUSD is headed for 1.46 and 1.44 in the ...I think EURUSD is headed for 1.46 and 1.44 in the longer run but i think an interim reversal starting tomorrow is likely and rather sharp. I do not expect prices to close below 1.48 on a daily basis before a rally has occured. Crude oil is headed for 96 while 144 is strong resistance, in my opinion. I think gold has topped out and is headed down from 987 onward for 697 USD. Good trading all !MCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-88315231975174894152008-08-13T09:54:00.000-04:002008-08-13T09:54:00.000-04:00Hi Carl,Is it possible to have (hourly/Daily/Weekl...Hi Carl,<BR/>Is it possible to have (hourly/Daily/Weekly) charts for QQQ (or Nasdaq100), Gold, Silver and Oil similar to those published for ES.<BR/>Thanks<BR/>MarioUnknownhttps://www.blogger.com/profile/06722502549354711126noreply@blogger.com