One chart and a couple of YouTube videos today.
Still waiting for "End of Trend" warning signal on the 45 or 81 minute Emini chart to confirm a bottom. We had Exhaustion Buying and Professionals selling into today's high at 1,169. So I'm expecting weakness tomorrow until the cycle kicks in on the 81 minute Emini chart.
Still Waiting for "End of Trend" Warning Signal (Emini 81 minute)
Here's the latest Harry S. Dent video. His view is one more rally into June/July and then "bombs away".
Harry S. Dent 11 May 2010 (9:15)
And here's Bob Janjuah, Strategist with Royal Bank of Scotland, on Bloomberg. Euro to parity, bonds eventually collapsing, S&P fair value 850, etc.
Bob Janjuah 11 May 2010 (10:51)
I'm off to buy canned goods and more ammo. Good luck with your Emini trading.
From Tom W. "I have been trying to stop drinking … but these videos were too much!!! Add it to the oil spill … and I need my meds again!"
From Ralph R. "I Googled ‘dow 40,000 dent’ and I am looking at Dent's prediction in 2004 of the ‘new millionaire economy’. He predicted Dow 40,000 in 2009. In the late 90s, he had a book called ‘The Great Boom Ahead’. He is a reincarnate of Joe Granville and will say whatever sells! You have one of the best sites on the web. Please think twice about using this man as a reference."
