crank fest wednesday, page-32

Unfortunately Pisces, the use-by-date on that call has expired. I say unfortunately, as all the numbers lined up nicely, however they were short lived and the market has moved on higher. As a result, I am currently in no-mans land with the type of analysis that I do. That call suggested the markets would come off if it was going to happen, however it didnt, so we have to wait until the markets are ready, and it doesnt appear that that is the case just yet.

However, the SPX is coming up to some resistance based on time, however not on price, plus it seems destined to hit the 2009 trendline from below, around the 1440 level, if not higher. The Nasdaq is hard up against the 50% retrace from the 2000 bubble days, but time wise it doesnt look right. So when all else fails, I'll wait and see what the full moon does this weekend...