Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, April 4, 2008

15 days of the SPX

here is the Chart-Astrology I've been talking... Today is wave C day.....

The market has been waiting for the NFP day to assualt 1400 on the spx.... and it will depend on the number..... I'm not here to lose money... we should get a MACD divergence here. You can see the setup. just like before. If the NFP is positive, we may hit 1400. over 70K maybe a small rise. Under negative 50 k, and we have an intraday run.

Point is.... this could be the place to start being attentive and looking for Rallies to start short positions. We could see a Rally, in a 5 wave move.... we have had wave's 1 and 2 of a small rally which have been in an AB form.... we are ready for (Wave C) AKA (Waves 3-5).

Maybe the talking points will be.... Well without job loss no more cuts, and we get the punchbowl taken away.

Danger: the Macro wave I have drawn as 'C' from the past 4 days. Could be just larger, and we could still be in the Micro wave 'A' from that move..... I do suspect that we have had micro wave B....

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