Market Diary

Who ever bought today in a TRAP right now.. will lead more selling tomorrow.. GAS on FIRE !!! Ka Ching on FAZ

As we expected retested 800 level and ready to go down for a last dip in this bear market ..

New moon started on March 26 th and next Full moon is on April 9 th

Next expecting turn period is April-7 th to 9th

As we expected last Friday, S&P went down this morning. Tomorrow will sideways to UP day, most probably S&P will retest 800 level and make sure 800 level is intact before going down!!

I Think S&P will retest 800 tomorrow

Today very good day for Bears, In spy 76 is the major support, If we break with in two days it will re test 67 area. either 76 or 67 .. :)

Today opened low and stood low. I think this is the start of last leg down of our bear market. Hopefully it will end mid of April and go Upper Ups..

I see Drys will come back

My Multi Monitor setup only for Piviots and Breadth

MOS has GAP resistance as well..

Thats how Market make -(c) http://evilspeculator.com/

The market continued its rally this week. It had a hard break downWednesday,but rebounded, followed by a gritching higher day today. This looks like adistribution area. My SP3XGO forecast says down into April 9th. I have attached my current SP3XGO chart, as a one time only free bonus.Feel free to forward this email anywhere you want. - Dr. Al Larson

Today I thought it will be sideways day.. But it ripped UP. When it close yesterday it nailed to blue line in the chart (false alrm) market still following the red line. If so about 1 PM CST from tomorrow, market will go down and down.. until Mid of April..

As GS is the leading indicator of the financials, you can see GS is down right now.. Be careful if you are long ..

Here is the Lower low statistics

Tomorrow will be sideways to down .. market will try to hold up 800 level

Very good example of News driven market. As expected, morning news market liked it and noon news didn't and closed UP 7.63. My expectation was 8-10 if it is UP.. Not bad But I am not making any money.. my portfolio is negative delta..

Look all indicators on ES ..

http://www.youtube.com/watch?v=vVkFb26u9g8

Tomorrow expecting start with 5-6 point down and expecting about 15 point down day.. If market get picked UP with some news around 10 AM CST instead of down it will be 8-10 point UP ============================= Tomorrow Enery Crossing over day ===========================

PIVIOT SCRIPT IS UPLOADED TO http://fazdane.blogspot.com

It is critical to hold of on 800 level. else it will fall like anything !!

This article came in Barrons last week.

As far as we are UP about 54 points today, tomorrow will be a down to sideways day, (if we can hold). I expected only 15 point UP day today.. It went too far.. (S&P following redline in the chart)

Will S&P 500 reach 838 ? Probably Yes..

Look at how it reached at the resistance !

SP 500 March 26 th to April 14 th will be down forecasted Until then (March 23 ,24 & 25) will be up to sideways..

I see Monday will start UP from 775 and end towards 783. Now S&P 768 about 15 point UP move.. it will tally out the Friday's move.. Let us see..

Time to load Gold in to your portfolio. Due to heavy overtime in treasury printing press you can expect worth less green paper.. By the Way: Busines Opportunity - There are high demand in Green ink and heavy duty paper right now..:)

If ES is down to 753 it will fall into the down trend channel

#================== # Floor Trader Pivots# FazDane# Last Update 17 Mar 2009 # Shadow Trader Uses the Floor Trader Pivots# PIVOT = (High + Close + Low)/3# R3 = High + 2(Pivot - Low)# R2 = Pivot + (R1 - S1)# R1 = (2*Pivot) - Low# S1 = (2*Pivot) - High# S2 = Pivot - (R1 - S1)# S3 = Low - 2(Hi - Pivot) input showOnlyToday = NO;input Market_Open_Time = 0930;input Market_Close_Time = 1600; def day = getDay();def lastDay = getLastDay();def isToday = if(day == lastDay, 1, 0);def shouldPlot = if(showOnlyToday and isToday, 1, if(!showOnlyToday, 1, 0)); def pastOpen = if((secondsTillTime(Market_Open_Time) > 0), 0, 1);def pastClose = if((secondsTillTime(Market_Close_Time) > 0), 0, 1);def marketOpen = if(pastOpen and !pastClose, 1, 0);def firstBar = if (day[1] != day, 1, 0); def closingBell = if secondsTillTime(Market_Close_Time)[1] > 0 and secondsTillTime(Market_Close_Time) 0) then 1 else 0; rec regHoursHigh = if(high > regHoursHigh[1] and marketOpen, high, if(m...

There is a reverse H&S Pattern forming in POT!! It is very tough to be a valid pattern because if market is going down.. POT cannot hold off. It will dip with the market.. If any case market is going up with any news POT will go towards 97.50 level else it will be down to 60 and become a double bottom pattern. If you look at a high level there is a valid H&S pattern. It is a strong one which we cannot ignore head formed on Feb 9 th, left shoulder on Jan 12 th and right shoulder on March 2 nd , If POT breaks 60s level this H&S will activate and look into 40 s!!!

It seems to be like AAPL will dip into the 75-80 level . It is running a 100-75 channel right now. If it break 75 it will be valid H&S Pattern.. wait and see

Everybody is predicting Market will go UP !! right now. Before last week all market analyst were saying DOW will hit 5000-5500 range bound and S&P 500 will be on 500-550 when S&P 500 was 680 level. One day morning CITI group made profit and bernakee sees the future and market is going UP and now is in over bought status.. Now what .. I think next week will get some bad news.... maket will go to south..!!! wait and see

Spider going down to 73 level