Morning Audibles 3.9.10

I was going to put up a "red carpet" foto of Demi Moore in her Versace Oscars dress (if the futures were pointing positive), but since ANOTHER Italian, (Fibonacci), has intervened, I think I'll go with him...


Today is:


- 1 year since the March 6/9 lows from last year
- "21" days since the 1040 low point that the market has rallied from
- "34" days since 1150 in January
- "233" trading hours since the same level was reached


I had to laugh, because CNBC came out with this comment: 

"The bull market turns one on Tuesday having surged almost 70 percent from its 12-year closing low on March 9, 2009.  History shows that by simply passing that 12-month threshold, it will make it that much more rare for the advance to suddenly end." - CNBC

So there you have it... "History shows it"... Remember, TO THEM, a month ago they applied the same rationale to the "Super Bowl Indicator" (which has a 83% correlation), and before that to the "January Effect" (both of which actually ended up pointing to a DOWN MARKET), but in their world, if something doesn't make a BULL case, then it's on to the next "Historical Index".

I'm going to add to this topic thread as the day progresses... Myself, and Amen Ra, if you remember, had been debating about the "time expiry" of what I've mentioned above last week... We eventually settled on the 14:30 (thereabouts) this afternoon timeframe (due to 30 min. candles getting credited for 60 min. candles at the end of days & two holidays)... In the end, if this day turns out to be just as uneventful as yesterday, well then I might just have to get to talking about OTHER THINGS... At this point "March Madness" couldn't come soon enough because "March Dullness" is too difficult to BEAR (pun intended). 


Oh what the hell too... Here's Demi Moore

 Get your minds off of trying to picture karen in Demi's dress and look at this chart...

SPX - I suppose this trajectory looks natural to some...