Crossover Update 6-12-10

Below is a chart of the snp crossover technique as I see it. You can see the 1,050 downside target was met with no further downside targets indicated at this time. We will be keeping an eye on any future targets as they develop.

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.

Weekend Update 6-6-10

Before I head to the airport for a flight to Texas I thought I'd throw this chart out there. It appears the boys had a little fun with the investing folks last fryday....a not too uncommon happening especially on the last day of the week. I'm looking for a reversal up on Monday and an inverted tide trend next week. I expect we'll have my 1,050 snp futures target hit sometime monday (probably monday evening). We'll see. And no, I'll have nothing to do with oil leaks in the Gulf next week....its the business of building a railroad lift span bridge to Galveston that has my attention.