TD91
Yes, I would love to put it all together.
I have long thought a few with various disciplines combined could be a potent force. Too much for any one individual.
A link below to some sentiment stats and they seem hard to ignore.
The question is whether we are a tired and toppy market or whether this is the excess that is early in a long bull!
The two dates mentioned in the article are interesting. Yes, 2005 and 2005 were in the context of a longer bull.
The Nov 18 2004 saw some hesitation then some decent upside before a better correction.
The Jul 12 2005 saw a decent correction.
I chose Dec 14/15 here as 8 months or 240 degrees from out April high but was always aware that Xmas was 4 months and 120 degrees from SPX low and 8 months and 240 degrees from the April high.
And then I have the triple whammy for 1/1/2011. That date is Saturday and the triple major bear has the first trading day of 3/1/2011 as important.
So I guess we can allow a first trading day up in the new year and then see what happens.
If we hold up into the start of 2011, it does give some serious support but allows a couple of weeks only downside perhaps.
For the bearish case I would prefer a weak finish into year end and just a Jan 3 spike. Bullish is perhaps continuing higher into year end and then a couple of weeks down.
http://tradersnarrative.wordpress.com/
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