tag:blogger.com,1999:blog-12333088.post8204610436851214062..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on July 18, 8:20 am ETCarl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-12333088.post-91287047718237594222008-07-19T22:25:00.000-04:002008-07-19T22:25:00.000-04:00Reported by The Big Picture;WSJ: Jitters Ease as C...Reported by The Big Picture;<BR/><BR/>WSJ: Jitters Ease as Citi, Rivals Show Signs of Bottoming Out<BR/><BR/>NYT: Hope, and Hints, That Financial Stocks Have Finally Touched Bottom <BR/><BR/>Barron's: Buy Banks -Selectively (cover story)<BR/><BR/>As per "Crystallizing Events", this elevator is going down.<BR/><BR/>Thanks for your Blog, Carl.<BR/>KimoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-6369462766636601282008-07-18T18:36:00.000-04:002008-07-18T18:36:00.000-04:00Hello CarlFutia,I must admit that based for pasted...Hello CarlFutia,<BR/><BR/>I must admit that based for pasted year you are very, very good with yout work, but I guarantee for you that you are not going to see QQQQ 55 or higher before we actually take one impulse more down.<BR/><BR/>47 - 47.50 area is decent target now for reactionary wave, 50 absolutely maxium and unlikely.<BR/><BR/>Regards,<BR/><BR/>JustChartsAbelhttps://www.blogger.com/profile/03381691809682260482noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-79982949229362731362008-07-18T16:15:00.000-04:002008-07-18T16:15:00.000-04:00Hi Carl,Well, Halleluiah and Yippee!!! Okay, I su...Hi Carl,<BR/><BR/>Well, Halleluiah and Yippee!!! Okay, I suppose it’s safe to look now. Since we did close above 1242.40, we finally have a confirmed buy signal, according to my timing model. I would imagine that there will be many who will refuse to believe the coming rally and will take new short positions only to be squeezed out as the market continues to rally. This will fuel the rally even higher. Although there is no guarantee that we’ll get close, but IF we see the market rally to 1317.70, give or take a handful of points, we can expect to see heavy selling appear once again.<BR/><BR/>By the way, in my early morning post to your blog I said I reinstated my long position at 1255.00, but just to set the record straight, it was actually 1245.00, but why quibble over ten points. Hey, not that anyone would question this, but if anyone checked the time I submitted the post to your blog the 1245.00 makes better sense, since 1255.00 was not even traded for another two hours.<BR/><BR/>You have a great blog, I enjoy reading your comments and everyone else’s two cents.<BR/><BR/>Thank you.<BR/><BR/>Kindest regards,<BR/><BR/>PMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-88466808139974300792008-07-18T14:16:00.000-04:002008-07-18T14:16:00.000-04:00I`m long dji to 11600 without sl and TP:)I`m long dji to 11600 without sl and TP:)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-13074326286867533712008-07-18T09:55:00.000-04:002008-07-18T09:55:00.000-04:00If oil breaks a $100, game is over, then $60 is th...If oil breaks a $100, game is over, then $60 is the next stop. Oil is headed for $120 firstly, if we break $120, then it's $110, possibly $100. If $120 holds, do not be surprised to see oil approach $160.<BR/><BR/>Just my two cents worth.<BR/><BR/>Rick M.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-33461048957046921542008-07-18T09:06:00.000-04:002008-07-18T09:06:00.000-04:00I must admit you took a lot of abuse for sticking ...I must admit you took a lot of abuse for sticking to your call for higher prices.. <BR/><BR/>although it did not go exactly to plan the oversold nature of the indicies was unsustainable, hence the high probability of a counter-rally..<BR/><BR/>i agree with your call for possibly 1275 and then a pullback..<BR/><BR/>i think others should take a leaf out of your book and present some analysis rather than just shooting down your targets!<BR/><BR/>Well Done and Keep up the Great Blog!<BR/><BR/>gb, UKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-69174288444619951092008-07-18T08:46:00.000-04:002008-07-18T08:46:00.000-04:00A bearish diamond pattern is visible in the eurusd...A bearish diamond pattern is visible in the eurusd 60min. chart. A clear breakout on the downside, should accelerate prices down to 1.5750. However, my first target is 1.5600. Crude oil is headed for 121 firstly and 96 after, while 144 is strong resistance, in my opinion. I think gold has topped out and is headed down from 987 onward and heading for 697 USD. Good trading all and w-end to follow !MCAnonymousnoreply@blogger.com