Market Bottom

Look, we either crash on monday over a Wamu failure or we bounce.

Bond yields will not get this low again,,,I think.. (unless FDIC has problems)

Anyway, here's your magic BUY INDICATOR. If it fails, consider the market,,,,done.

The Stock Market will Rally Hard?

Back in June I predicted the Market was going to go LIMP.


When the Cock and Balls hit 117, we jerked upwards quickly. I want to strongly advise all shorts that this is OPEX week, and when the Cock and Balls get this low, they tend to jolt up, and OPEX week works like Viagra, so the move will be violent.

SPY could bounce to 128 by Friday....

Market Breadth Charts

Daily Advance Decline
NYSE

NASDAQ
Advance Decline Weekly
NYSE
NASDAQ
There is a huge difference between NYSE and NASDAQ A/D line, but remember the NASDAQ exchange has many more stocks. Assuming NYSE A/D line needs to fall below the 2006 lows just because the NASDAQ A/D line is already past its 2006 lows is probably bad reasoning.

AMEX
Weekly Advancing Issues
NYSE
NASDAQ
AMEX
Weekly New Highs/Lows
NYSE

NASDAQ

AMEX

Go to StockCharts.com for THESE CHARTS

Market outlook for march 19 2007

It's Sunday night and the US futures are up big, about 6pts on ES, 4.5pts on ER2, and 42pts on YM. Why? JPY and US bonds sold off to reaction to China's interest rate hike and the Asian market is trading up. The chart for the last month tells a different story of where things look like they are headed.

The market looks setup for a selloff. Vix and bonds on support, JPY has a bull flag, and tommorow is the day after option expiration. I will wait for my signals, but things don't look good for the bulls.

I'm a little scared of this next week, but I think I have to face my fears to become a better trader. Good luck to all those trading next week, unless of course, your the one taking the bet against me.