Monday, August 10, 2015

Lower maybe lost

Looking at Europe and the US futures tonight I see strength.
Is it because Abby Joesph Cohen was on an looks for Spx  2150 in months,or Birinyi Assoc.  looking for Spx 3100 by 2017.
I read where the market is O.S.but AAII bulls +3.2 and bears drop -9.0.
I had felt Spx 2044 was coming this drop, and still possible since indicators  turned down Friday.
Last several lows have come at 3 TD momentum of 416x and we are at 4177 but even with low cash in the funds we get these silly rallies.
I have just about run out of cycle time for a low.
By Wednesday a rally is coming.

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