tag:blogger.com,1999:blog-12333088.post8367916231341355950..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on January 27, 2010Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-12333088.post-72038205448316057042010-01-27T17:16:58.473-05:002010-01-27T17:16:58.473-05:00Carl
update on GOOG? has it broken support of 54...Carl<br /><br />update on GOOG? has it broken support of 545 or still holding in that general support range?<br /><br />thanks, adamUnknownhttps://www.blogger.com/profile/10475202366300320341noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-25243070849705033352010-01-27T15:55:29.639-05:002010-01-27T15:55:29.639-05:00Would be interesting if you would consider 1078.5 ...Would be interesting if you would consider 1078.5 that we hit today to complete the down leg you've been anticipating. If sits in the middle of the box you were expecting ES to touch the bottom of. It has since moved to the middle of the next box up, exceeding a bit your top of range today, although for not much time.<br /><br />Thanks for helping me see /ES movements in boxes, Carl. Been going through your previous posts and gathering a list of indicators you use to foresee markets. And so far, I am pretty much blown away by the accuracy AND the risk management of blog trades.<br /><br />Thanks again!<br />PAUnknownhttps://www.blogger.com/profile/08381134307149405914noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-11125120443089116892010-01-27T15:11:19.838-05:002010-01-27T15:11:19.838-05:00reached a temporary bottom at 1083(significant sup...reached a temporary bottom at 1083(significant support) to finishe Wave I circle. I fully expect a retracement up to the 50 DMA in the ensuing week to complete Wave II circle before the Wave III process begins down. Wave III should be even more hard selling than Wave I circle. Targets - 1120 for Wave II circle and 1020 for Wave III circle. <br /><br />I expect to this pattern to occur over the next 30 days.<br /><br />The difference between mine and Carls' analysis I'm looking at much longer-term indicators such as the 30 day advance/decline, the rolling over of the weekly MACD and the rolling over the weekly Slow Stochastics, and you can draw a clear line from the 2007 and 2008highs to 1150. During all of the other previous dips and run-ups, each of these intermediate indicators were still going up; however, during this last go dip, they all turned down. <br /><br />And when I combine basic Elliott Waves, the music is on the wall that Wave B from March 2009 is done and Wave C down has just began.Unknownhttps://www.blogger.com/profile/04586265457583579477noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-1338629056394509992010-01-27T14:49:51.236-05:002010-01-27T14:49:51.236-05:00Outstanding predictions on market movement in the ...Outstanding predictions on market movement in the last months. <br /><br />Impressive work.DMA Traderhttps://www.blogger.com/profile/00884045929885642935noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-82679836972731413742010-01-27T12:15:56.069-05:002010-01-27T12:15:56.069-05:00So far, the current sell-off does not look much di...So far, the current sell-off does not look much different from the sell-offs in July and November.<br /><br />However, recovery from the current sell-off may reveal more about the longer-term future of this market.<br /><br />It is quite possible that the long wave up, 3 or 5, will get extended. If so, this could prove that the rally from March 2009 is more than a bear market rally. Maybe, we will have to coin a new term for it, like "FED printing gone wild rally." In that case, "there is no tomorrow" anyways.Anonymousnoreply@blogger.com