Lot of financial data coming out next week, lots of bad news. I had expected a suckers rally to 10,000, but looking at the charts I see a triple bottom reversal formation so now i am not so sure. We've definitely entered bear territory.

 

I think we'll see it get high before going low and then tumbling into a triple reverse swap of medium, then perhaps upper average to lower middle and back again. My pie graph shows lots of impervious decepticons coming from the north and invading Poland by spring, then back to the east with the Vikings. Time will tell.

 

I expect 9k by march. 7k occasionally in the interim. uhhh... I guess I can't vote for either then.

 

My tea leaves are pointing to a nude descending a staircase by Marcel Duchamp. The Dada movement is long dead of course, but here we have the Doodoo movement, with the bad news coming in a torrent that shows only a propensity to wax rather than wane, and there's nothing poetic about it.

 

I think technically we are set up for this 5700 bottom that is outlined on this image. Like I say I had figured we would see a suckers rally into the 10,000 range prior to a floor that I honestly expect to be around 5000, actually I will sell some gold when gold and the DJIA are equal LOL.



If we don't get the suckers rally here soon, which I am now as I said not convinced we will I think it will be a VERY long time before we see 10k+ again... VERY. I did not gamble on this rally because I wasn't confident, as I have stated I am completely out of the dow and only dealing in commodoties and I've done very well and expect to continue to do well, I will wait for that "blood in the streets" moment before I blink at the paper game again.



There was a huge sell off at 8250 which again indicates to me a potential top.

 

it was looking ok to start a gradual increase, but with all the bad news, 5700 looks like a good number lol

 

I was looking at some of the stocks I sold when I bailed out and what they are worth now.



brk.a - Sold @ 137,000 per share Worth 86,350 Today



GE - Sold @ $38.50 per share Worth $13.03 Today



SBUX Sold @ $17.25 per share Worth $9.17 Today (still lost $30k on this one)



Praxair Sold @ $89.90 per share Worth $59.63 today

 

OOH, one more day and someone voted for the upside! RALLY RALLY RALLY

 

Booo on naysayers! The rally will commence!

 

i still say down in flames!



900 billion of govt spending, is like going to the nicest steakhouse and getting a MCfishy meal