Hello Gang
I have not published in a while as it has been better to sit on your hands and watch. As I've stated some cycle influences are due to exert force beginning 2/20 through March with a conclusion around 4/10 which is 540 degrees in time from the alltime high. I believe the market will find its low or #3 on the chart in that time. We have had no volume on this down move and would not be surprised to see one last attempt back to the 270 degree range 825 or 836 breakdown before we pick up speed to the downside. Interesting to note many REITS posted outside days today and look like a good bounce.
Interesting prices to file
1080 degrees down on C is $2.11
1080 down on BAC is 1.85
Posts
There's a big open interest on the April strike 400 puts on the big S&P contract that agree with your #3 and your timeframe :)
ReplyDeleteI run the Phoenix2 account at marketguru. Still couldn't get my mother-in-law to let go of her BAC :( Oh, well, I guess that's what family is for, loving and caring for you even when you don't act the smartest.
If I'm reading your chart correctly, you're saying that the s&p is going to 500 or lower between now and April? Yikes!!
ReplyDeleteYour posts are xtrends are always a great read. Hope to see you over there regularly.
I'm pimaCanyon on xtrends.