Post by jeffolie on Sept 10, 2013 11:54:52 GMT -6
The PUSH TO PEAK 2
POLITICS MATTERS
No doubt exists that the POLITICS MATTERS overwhelmed the technical tools, signals to gather off the intraday lows of S&P 500 index 1627 ... this started as a mere bounce and now with the Kerry remark run with the Syrian OK, the avoiding an attack accelerated the bounce into The PUSH TO PEAK 2
The TECHNICAL TOOLS
the intraday lows of S&P 500 index 1627 ... this started as a mere bounce featuring mixed directional views because the PUT/CALL ratio indicated topping while the various BREATH tools indicated a turn from a low towards an high move ... the VIX failed to reach 18.25+ intraday while reaching just upto 17.81
The driver remains the relatively strong NASDAQ with leadership in Apple, Google, Disc Drive stocks, SOX index components ...
my jeffolie Technical market view: the topping will be evident in the tech, NASDAQ but not so much in the DOW ... already the NASDAQ is hitting new 52 week highs ... thus observing the topping will be done by indicators in this index such as a week+ with an RSI over 70, with the NASDAQ advances vs declines, Hi vs Lo's, McCelland Oscillator, CCI ... while the S&P 500 index most likely will fill the gap created when declining starting at about 1686 to 1680 and reaching 1690+ plus possibly gaining new highs but not requiring new S&P 500 Index highs
my jeffolie POLITICS MATTERS view: the peak of the 'New Gilded Age' approaches as Obama's creditability, reputation tops with avoiding an attack in Syria but boosting his confidence and 'ego' to approach Iran with similar threats to avoid attacking Iran's building nuke bombs in my labeled Danger Zone lasting into the end of Spring 2014 ... following the peak of the 'New Gilded Age' will feature a horrible bear market in stocks leading to a Crisis of Confidence in the American politics and economy creating a new depression as the Greater Depression
simplistic view: Peak 2 approaching
POLITICS MATTERS
No doubt exists that the POLITICS MATTERS overwhelmed the technical tools, signals to gather off the intraday lows of S&P 500 index 1627 ... this started as a mere bounce and now with the Kerry remark run with the Syrian OK, the avoiding an attack accelerated the bounce into The PUSH TO PEAK 2
The TECHNICAL TOOLS
the intraday lows of S&P 500 index 1627 ... this started as a mere bounce featuring mixed directional views because the PUT/CALL ratio indicated topping while the various BREATH tools indicated a turn from a low towards an high move ... the VIX failed to reach 18.25+ intraday while reaching just upto 17.81
The driver remains the relatively strong NASDAQ with leadership in Apple, Google, Disc Drive stocks, SOX index components ...
my jeffolie Technical market view: the topping will be evident in the tech, NASDAQ but not so much in the DOW ... already the NASDAQ is hitting new 52 week highs ... thus observing the topping will be done by indicators in this index such as a week+ with an RSI over 70, with the NASDAQ advances vs declines, Hi vs Lo's, McCelland Oscillator, CCI ... while the S&P 500 index most likely will fill the gap created when declining starting at about 1686 to 1680 and reaching 1690+ plus possibly gaining new highs but not requiring new S&P 500 Index highs
my jeffolie POLITICS MATTERS view: the peak of the 'New Gilded Age' approaches as Obama's creditability, reputation tops with avoiding an attack in Syria but boosting his confidence and 'ego' to approach Iran with similar threats to avoid attacking Iran's building nuke bombs in my labeled Danger Zone lasting into the end of Spring 2014 ... following the peak of the 'New Gilded Age' will feature a horrible bear market in stocks leading to a Crisis of Confidence in the American politics and economy creating a new depression as the Greater Depression
simplistic view: Peak 2 approaching