Thursday, October 21, 2010
Market update
Short term positive divergences are taking shape in the 3 majors, these are in my opinion front runners of tomorrow's POMO day. The market has now detached from the FX pairs that have been guiding it all today as the Euro is sliding while the market is up. Again, they are at this point rather small positive divergences, probably as I suggested, retail front running POMO tomorrow.
2 comments:
DAMN! Market is still not going DOWN! When BRANDT?! WHEN????
Well, Brandt thought that the SPY broke on the 23rd of September. Now we are 45 points higher, and he now thinks the SPY broke a couple of days ago when we had that down day to SPY $160-ish...
... trouble is today we saw the DOW go above 11,200 and the SPY at new highs for this 'bounce'.
What to say? Well, i guess if you make enough calls, you're bound to get some right, it's more a case of getting more calls right than wrong and to specify reasonable time-frames in which these calls will come good, and i think 3C is very poor on that front, especially of late.
October is nearly out, and it's been almost as painful as September was, and we're still waiting for that big downward turn that 3C/Brandt has promised...
... and here we are again, tomorrow and another week will be over.
Need to see some results here.
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