tag:blogger.com,1999:blog-4878316162397365683.post4891532343290096914..comments2023-11-06T06:01:49.605-05:00Comments on Principle Analysis: an Elliott Wave Blog for Forex Signals, Futures Signals and Stock Signals: Stocks Make New Highs; Euro Rallying in Double Zig-ZagUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4878316162397365683.post-42963187730508579892012-08-22T10:19:02.354-04:002012-08-22T10:19:02.354-04:00Lol, "The Beard", haven't heard that...Lol, "The Beard", haven't heard that one yet, lol. A Goldman Sachs analyst projected the same market action through the rest of the year. A friend sent me the article: http://finance.yahoo.com/news/goldman-sachs-dump-stocks-fiscal-141901421.html;_ylc=X3oDMTNuc2xuY3NtBF9TAzExODMzMDAyMjYEYWN0A21haWxfY2IEY3QDYQRpbnRsA3VzBGxhbmcDZW4tVVMEcGtnAzVlMjQwYjFiLTJmNzgtMzEwMC1iMDNjLTk1ZTBhZjcwYzBhMARzZWMDbWl0X3NoYXJlBHNsawNtYWlsBHRlc3QD;_ylv=3PrincipleAnalysis_Blogspot_Comhttp://principleanalysis.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-27883879474011320442012-08-21T19:46:24.868-04:002012-08-21T19:46:24.868-04:00I think the selling we saw at SPX1424 was a good t...I think the selling we saw at SPX1424 was a good tell for failure to launch. I've been wrong all along as I thought we would turn down at the DOW pivot of 12,750, but the FED had other ideas as you alliterated quite well.... BUT, the reversal was pretty impressive, the VIX got above 15, and as we get closer to "The Beard" announcing no QE3, ECB is still a clusternut, I am still.....calling for a drop to DOW 12,100-12,350 by September expiration. I will add folks way smarter than me at Nomura Securities warned of a turn at 7:30AM EST today, and are calling for a very sharp drop all the way to the November elections, AND it was the same analyst who called the recent rally, so it's not some perma-bear or doomsdayer. And there was that huge butterfly put spread initiated days ago. Just sayin'.......vinniesjnoreply@blogger.com