Comments on: Weekly Updates ~ 02/06/2010

By: beachnic

beachnic — Mon, 08 Feb 2010 21:41:27 +0000

Eliot wave update end of day:

http://danericselliottwaves.blogspot.com/2010/02/elliott-wave-update-8-february.html

By: Goingtoretireoneday

Goingtoretireoneday — Mon, 08 Feb 2010 06:40:57 +0000

I think we go down 1% or more Monday. Much volatility throughout, but very confident of a close in the red in all indices.

By: Fritz

Fritz — Mon, 08 Feb 2010 04:25:50 +0000

September 11 2001, March 11 2004, and July 7 2005 were all inside jobs, but I won’t get into that here.

I’ve also mentioned Ides of March, 956 will be reached before that.

By: dfittsm20

dfittsm20 — Mon, 08 Feb 2010 04:16:50 +0000

I’m looking at Kitco and gold in the asian markets hasn’t gone below 1063 today and is now 1066 – where do you see 1052?

By: zee

zee — Mon, 08 Feb 2010 04:14:46 +0000

Double standard? ? ?…

Futures are saved: PPT/FED/Timmy/All Mighty comes in to save the day.
Futures fall: Everyone is happy.

By: Unersaettlich

Unersaettlich — Mon, 08 Feb 2010 04:09:05 +0000

VALUE CHG %CHG
Dow 9,953.00 +12.00 +0.12%
S&P 1,060.60 +0.80 +0.08%
NAZ 1,746.25 +1.25 +0.07%

By: Lochne

Lochne — Mon, 08 Feb 2010 03:51:07 +0000

You need to discount the prior fair value of -35 based on how much they cooked
the numbers friday into the close.
Complex manipulations.

Gold is a good indicator, lower gold, look out market. gold down at 1052
as per kitco.com
Huge outflows from GLD and the gold funds that spring up daily LOL.

By: mind the gap

mind the gap — Mon, 08 Feb 2010 03:34:41 +0000

There goes Timmy boy buying futures again. So far it looks like Monday will be green, AGAIN.
Dow +14.

By: mind the gap

mind the gap — Mon, 08 Feb 2010 02:46:30 +0000

I think even if Monday closes in the red it will start with a gap up at least to get those “regulars” to buy in and then tank it. I don’t think of it any different than any other day. If this was a Tuesday I would play it the same. Friday was a reversal day so the chances of a gap up the next day are high. Whether we close green or red is another story. As a trader I don’t anybody should rely 100% on which days are green most of the time as a sole indicator.

By: mind the gap

mind the gap — Mon, 08 Feb 2010 02:43:19 +0000

That’s some crazy stuff Fritz. Proguing parlement is already suspicious to most people. I just hope the Olympics go over well and what happened in New York isn’t repeated anywhere else. At least if the terrorists did that without the knowledge of the government, that would be a different issue.

I noticed Friday your SPX target is 956, do you have any date for that target?