Thursday, December 1, 2011

12-02-2011 outlook

Not a lot of movement today.  I suppose we could get news out of Europe over night.  We know in the morning we get Nov employment numbers.   Unless a huge surprise probably not a big market mover,  So not much of a change from today.

 The 22.5TD cycles and its component cycles should bottom tomorrow. If we get a 2-3% dip it would be a long buying opportunity.  On the other hand if we get a 2-3% rise might justify buying a short ETF like RWM for a short trade because in my opinion the market will be out of sync with the cycles.

My interpretation of the SPX swing cycles:


GL traders.  Have a good day and weekend.

5 comments:

  1. Per Phil's Stock World:

    "Now the ECB is lending the IMF about $200Bn, which the IMF can lever up to lend Eurozone countries another $500Bn and that’s before the Fed and the BOJ and all the other partners in World Crime get together and pump even more money in. Nothing gives the old Futures a shot in the arm like MORE FREE MONEY and, interestingly enough, the ECB handing out cash Boosts the Euro, now over the $1.35 line."

    So, this would imply even more money may enter the system. Could be tricky trying to short. Looks like the job's number was OK.

    Let's see what happens.

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  2. looking good,

    UPDATE
    http://markethighsandlows.wordpress.com/2011/12/02/12-2-2011-update/

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  3. Scotty - nice site, if it is OK I will add it to my list.

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  4. Inlet, what me worry ?

    Sideways move coming to an end ?

    http://markethighsandlows.wordpress.com/

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  5. Saturday Update
    http://markethighsandlows.wordpress.com/

    ReplyDelete