tag:blogger.com,1999:blog-7085633745029925627.post8004309239397384528..comments2024-02-12T18:38:15.465-05:00Comments on Shanky's Technical Analysis and Market Commentary: Rising Wedges Everywhere!Shankyhttp://www.blogger.com/profile/07202827468828896685noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7085633745029925627.post-39892248314530213352009-07-29T07:23:35.986-04:002009-07-29T07:23:35.986-04:00The divergences are on all time frames suggesting ...The divergences are on all time frames suggesting that a turn is real close. Hard to see how a higher push can materialize especially now that bullish percent RSIs are back over 70.<br /><br />Bulls might not get their 1000+ wish, as this market rewards no one.Schweizerhttps://www.blogger.com/profile/01587683787195196616noreply@blogger.comtag:blogger.com,1999:blog-7085633745029925627.post-46367136714441135152009-07-28T19:59:01.624-04:002009-07-28T19:59:01.624-04:00Good analysis, I am also expecting the pop around ...Good analysis, I am also expecting the pop around 914 area back up before the huge drop around end of August when the OH MY GOD THEY SUCK back to school retail sales come in confirming the consumer has left the building and ain't coming back to re-inflate the bubbles. Great job Shanky...<br /><br />-SilenceAnonymoushttps://www.blogger.com/profile/12349380417426341388noreply@blogger.comtag:blogger.com,1999:blog-7085633745029925627.post-70305284502169349872009-07-28T18:01:19.421-04:002009-07-28T18:01:19.421-04:00S135 - Sorry My Call P3 Update - -http://shankyste...S135 - Sorry My Call P3 Update - -http://shankystechblog.blogspot.com/2009/07/my-call-p3-update.html<br /><br />Anon - ending 1 of C of P2 here, meaning we got 2 down - 3 up - 4 down and 5 will either go up or be a flat to the top of P2. Target 1121 SPX. Then BOOM. I wanted to stretch this out till October, but might not make it. But in reality it could go boom anytime. Kenny has us going boom from here I believe.Shankyhttps://www.blogger.com/profile/07202827468828896685noreply@blogger.comtag:blogger.com,1999:blog-7085633745029925627.post-72598900524207768432009-07-28T17:37:03.299-04:002009-07-28T17:37:03.299-04:00Shanky,
Congrats! Just to be sure after reading y...Shanky,<br /><br />Congrats! Just to be sure after reading your analysis, you are calling an intermediate top and that C1 has completed? By the way, keep up the great work, you provide a great service!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7085633745029925627.post-78976575520604318452009-07-28T16:58:03.182-04:002009-07-28T16:58:03.182-04:00What State of the Charts post? Aint one.What State of the Charts post? Aint one.Schweizerhttps://www.blogger.com/profile/01587683787195196616noreply@blogger.comtag:blogger.com,1999:blog-7085633745029925627.post-17095073146433932302009-07-28T13:28:19.641-04:002009-07-28T13:28:19.641-04:00Shankster--Thank you. As you were writing I was l...Shankster--Thank you. As you were writing I was looking at your stockcharts where I saw the fibs plugged in. If you believe we are done with B,why would you ingnore the fibs? We've got gaps to fill!flyfarhttps://www.blogger.com/profile/11039632205746877669noreply@blogger.comtag:blogger.com,1999:blog-7085633745029925627.post-59054471459429815802009-07-28T13:19:33.153-04:002009-07-28T13:19:33.153-04:00FF- On SPX 914 is 61.8% retrace of this last run u...FF- On SPX 914 is 61.8% retrace of this last run up. 861 is 38%, 824 is 50% and 786 is 61.8% of the whole move off of the bottom. I believe B has completed, so I'm going to ignore the fibs of the whole move unless I am wrong of course. <br /><br />Thanks for your comment.Shankyhttps://www.blogger.com/profile/07202827468828896685noreply@blogger.comtag:blogger.com,1999:blog-7085633745029925627.post-50775724708629398042009-07-28T13:12:34.240-04:002009-07-28T13:12:34.240-04:00Shankster--Congrats on view plateau. What would b...Shankster--Congrats on view plateau. What would be the fib retracement to 910-920 SNP level before any move to new highs? I concur that we are long overdue for a meaningful correction and consolidation before any further upside move, and only hope it comes pass. Thanks<br /><br />PS-I generally keep an eye on GS as a leading SNP market indicator, and as I write they are at the LOD.flyfarhttps://www.blogger.com/profile/11039632205746877669noreply@blogger.com