Friday, June 11, 2010

Hey You, Get Outta the Boat !!

why, you ask? Because I need room to load up the boat. Yup, we are heading higher, much higher and I suspect with some speed. So, monday and tuesday I'll be in a real shopping mood.....for stock that is. May even take some futures positions. Next stop spx 1,400. Evidence you might ask? First of all, I reference the larger timeframe tidal chart below. Secondly, we have an upturn tidal date coming up on tuesday. Third, Don Wolanchuk's clx material points to an upturn in stocks with his 30 day offsets looking really bullish, and last but certainly not least, of course Joanne's snp xover techniques shown below having reached the downside target of 1,050as I had called. Too many things lining up for a launch for me to remain bearish. All these techniques of looking at the markets are not the commonly used methods...and thats why I like them. You could also reference the usual and normal technical indicators that are pointing up as well, but I'll leave that to the gazillion other blogs out there to do that.



BTW, she agrees. And she is, THE authority.

2 comments:

Peter said...

I agree we can go up à while. Based on Bradley that is.
I cannot see (in the tidal chart) where you base your optimism on. Please elaborate.

mOOrso said...

Peter...see the chart in the post below entitled 'reason to be bullish'. That chart in particular says much higher prices to come. Also, I added some verbage to this post outlining some other reasons....and on top of it all, it just 'feels' higher to me in here where many are leaning the wrong way.