I1 peaks on 4/18 or 4/19, a double top with 19th preferred. I count wave (iv) still in progress since 4/1. DJI has to fall to 12,220 to register a sell against it's critical M/A.
Friday, April 8, 2011
4/8 Daily Commentary
I'm long 4% SSO. The stock market fell off on shutdown fears. Fed governor Fisher also voiced dissent with continuation of QE2. A sudden end to QE2 would be a thunderclap for the stock market.
I1 peaks on 4/18 or 4/19, a double top with 19th preferred. I count wave (iv) still in progress since 4/1. DJI has to fall to 12,220 to register a sell against it's critical M/A.
The Tea Party held it's ground. Let's hope the American people are smart enough to avoid the knee-jerk backlash. (Yeah, right.)
I1 peaks on 4/18 or 4/19, a double top with 19th preferred. I count wave (iv) still in progress since 4/1. DJI has to fall to 12,220 to register a sell against it's critical M/A.
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"Let's hope the American people are smart enough to avoid the knee-jerk backlash. (Yeah, right.)"
ReplyDeleteha ha. we think alike. The future does not look good for the American people. It is completely their own fault; no one elses.