30 Comments on "Friday April 1, 2016, Rounded Top"


  1. You wanna move the tickers and the poll to the right as a menu.

    Rounded top forming, I think that’s pretty much the last thing bears can cling on before we move higher. Next week very important.

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    1. Thanks I’ll consider that!

      Well, to be fair there are a few other things. Like the number of up weeks in a row, The low $VIX which has recaptured its BB, End of Quarter/New Quarter rotating is finishing, etc. Japan and even Europe already going down. Our time will come!

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  2. Hi Storm,

    My compliments the site looks very nice,
    The way the CB bank is playing the market is so transparent but people buy it
    Like Yellen this week very dovish especially with those labour numbers on fools day a litle sell of and of to the races again.
    So the chinese monkey can play the market like a violin like strauss did.
    For now I m still bullish and I will not be surprised if the market is going to see a new record next week or so, after the new moon near OPEX the market will make a correction but later on will fool us again this is a smart ass monkey year believe me or not.
    Anyway good luck and have a nice weekend

    https://www.youtube.com/watch?v=tZQ0hfZWhLU

    John..
    (Holland)

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    1. Thanks for sharing your viewpoints. Looking at Japan and Europe it looks like they have topped.

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  3. Great idea having invest.com at the top. Saves me from having a separate page open. Looking good so far Storm, with your new blog. All the best.

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    1. Thanks very much. I very much want to build a site that can become your market portal. If you ever think of something that would benefit you, please pass it on!

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      1. I would like to get Amb, and Joe over from another EW site which I will not mention. Hopefully they are visiting once and a while here and will chirp in.Both of them are top notch traders.

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        1. I’d like that as well, perhaps you can do some persuading, or just pass on my site to them.

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    2. Great idea having the bull/Bear Poll.

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      1. I thought having polls would be fun. There will be more poll subjects in the future!

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  4. Man, this has been one relentless uptrend Storm! hope your signals can turn to SELL next week. hope we can get a Major 1/B top soon and get a Major 2/C decline. have a nice weekend. underwater but still hoping to make enough coin to pay for your service. take care now. wonder if SPX will bust the negative divergences on the hourly and daily chart next week (hope not).

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    1. She should roll over like Japan and Europe are. Check the divergence between oil and SPX.

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  5. if this rally doesnt roll over in the next 1-2 weeks then it will probably go much longer and perhaps this is the beginning of a new secular bull rally although i am still skeptical of that but i keep an open mind. there will be a lot of technical indicators which are turning above 2060 and will start gaining steam over 2100 so they will be forced to buy as well as hedge funds and mutual funds who face career risk if they dont chase and start buying regardless of fundamentals as they dont want to underperform the indices too much. just my 2 cents. i am still a longer term bear (a wounded bear one currently) but have been dead wrong the past 2 weeks as i thought this rally would fizzle out after about a month or so.

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    1. This what wave 2s do, get everyone thinking the earlier trend (read bull market) is still in tact. I’m confident we are going to turn here.

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  6. What do you make of the last few days? It looked like we were trying to roll after the lunar eclipse but then they pushed us higher. My Demark expert says the reference close is at 2028 which is 1.8% below us. The Range on the S&P is now .8%. So he thinks we could drift higher for a few weeks. Do you think we turn soon?

    Best

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    1. Based on Germany, Japan, VIX and Oil I would be very surprised if next week is higher.

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      1. Yes the VIX has been destroyed. Just like may of 2008. That rally was longer. But the VIX is in the kill zone. 22% below the trend line. In other bears this is what the VIX does at this stage of all bears. The range of VIX below trend line has been 17-28%. So max historical would be 12 on VIX. The VIX got a weekly and a daily buy signal on Wednesday.

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        1. I just recently heard a saying about the VIX: “When the VIX is low, it’s time to go. When the VIX is high, it’s time to buy.”

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  7. I only get the comments section when I click on the Friday post.

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    1. Comments are turned on for March 21 and April 1 posts. Please try again!

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      1. Now I have the Friday post and Saturday update, with comments. Thanks.

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  8. Cannot access any content by author – only comments. Have logged in and out again, but nothing.

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    1. Give it another shot

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  9. Unable to read content.

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    1. please try again and report back!

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  10. can’t read

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    1. please try again and report back!

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  11. Randy passed this on to me the other day, he had troubling uploading it himself. At any rate I hope Randy adds his comments to this post, below.

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  12. Storm, look forward to your updates later on this evening. I’m in the west coast so 2am Eastern is not that late for me. Hope your signals switched back to sell today. Take care.

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    1. You should be happy with the update!

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