April 10 Post

Some Projections: These are still in place- Only way they get negated is if we hit new highs- Please note carefully that the past two years the market has peaked in April. April 10 Post: If we dont make new highs to negate the projections set up I will be looking for the following numbers to be hit in the following markets: OIL: 95.25 GOLD: 1504. These are longer time frame projections and I am still sticking to my analysis that in a longer time frame we are still in a bear market that will end sometime in 2016 so we go a long way to go. We are still trading around the all important 1270 level, it still needs to be resolved!!!

RAX

WOW new highs- that one was beautiful

GAMES

Games as usual- we ended the week at exactly 1370- BINGO- now over the long weekend the bulls and bears will do battle of were the think we should go :) nothing like technicals !!!!!

Bloomberg must be reading my Blog

spoke about the 1370 area monday- I guess bloomberg a few days late !!! http://www.bloomberg.com/news/2012-04-12/why-1370-matters-for-the-s-p-500.html

Broken

50 DMA broken and we have skid much lower. Making new lows after 1pm is a bad sign for the close barring the protection team coming in and saving us from more selling.

50 DMA

Here comes the 50 DMA. Test and hold? or Test and close above ? or Test and close below? Anyone guess?

Some Projections

If we dont make new highs to negate the projections set up I will be looking for the following numbers to be hit in the following markets: OIL: 95.25 GOLD: 1504. These are longer time frame projections and I am still sticking to my analysis that in a longer time frame we are still in a bear market that will end sometime in 2016 so we go a long way to go.