tag:blogger.com,1999:blog-12333088.post7885287404963176326..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on May 31, 2011Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-12333088.post-47688625527096142702011-06-01T13:36:45.326-04:002011-06-01T13:36:45.326-04:00"My Chart List" not available, need pass..."My Chart List" not available, need password. thxbobhttps://www.blogger.com/profile/06280759596530900807noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-77467980728384121522011-05-31T16:09:02.928-04:002011-05-31T16:09:02.928-04:00Uncanny range guesstimate, Carl!-- as usual.Uncanny range guesstimate, Carl!-- as usual.George Rahalhttps://www.blogger.com/profile/02498325227481537656noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-62228880939012351872011-05-31T14:35:33.237-04:002011-05-31T14:35:33.237-04:00Short term may be June 3 top then a Hurst 5 week l...Short term may be June 3 top then a Hurst 5 week low July 1.<br /><br />That thing you feel dragging on this market is the 5 week low due late June/early July which likely needs to complete first for any big big rally.chartbloghttps://www.blogger.com/profile/11082012490977242976noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-50060140498644817572011-05-31T14:10:06.760-04:002011-05-31T14:10:06.760-04:00Hi Carl
my bias is upwards into june 15 17th . tha...Hi Carl<br />my bias is upwards into june 15 17th . that said todays test of 12575 resistance is a bit of a warning <br />the move above 12433 is bullish and that as it stands points upwards as long as 12433 holds. the warning is if the market fails to get above 12604 on a closing basis into june 15-17th . a failure to close above that level <br />keeps a short term bearish pattern <br />in place from june 15 into july 1 .<br />bottom line : i have a bullish bias into mid june and id like to see a close above 12604-12622 or ill have to take a larger then normal bearish stance once we get into this short term cycle high due june 15 . as it stands today the market is telling me that the trend is up but we are not yet out of the woods as far as the bearish case is concerned . in fact this is so far tracing out almost exactly as expected , only a close above 12604-12622 would invalidate the bearish case . ( june 15 17th a short term cycle high is due )<br />joeAdsensehttps://www.blogger.com/profile/08031892140855200123noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-91906913293382366832011-05-31T10:27:23.358-04:002011-05-31T10:27:23.358-04:00We top today and go down from here.We top today and go down from here.Billhttps://www.blogger.com/profile/13088510555893394549noreply@blogger.com