ROBIN HAS BEEN ABSOLUTELY SPOT ON IN HIS MARKET CALLS!!  “ANY CALLS BEYOND A FEW DAYS TO A WEEK ARE PURELY SPECULATION, HOWEVER, I HAVE BEEN ABLE TO ACCUATELY CALL THE SHORT TERM MARKET WITH A COMBINATION OF COMMON TECHNICAL INDICATORS USED IN AN UNCOMMON WAY.”  SO HOW DID ROBIN DO LAST WEEK!?

COMMENTS FROM LAST WEEK’S BLOG POSTED ON 4/11/2009:

DOW:  “THE DOW WILL CONTINUE HIGHER TO TEST THE DOUBLE TOP FROM JANUARY/FEBRUARY.  THE FIRST TEST WILL BE AT 8315 AND THEN 8405.  IF IT BREAKS THOSE LEVELS, IT WILL MOVE HIGHER TO CHALLENGE THE SWING HIGH AT 9088 FROM THE FIRST OF THE YEAR.”  

 What happened!?  We went higher as forecast, reaching a high of 8190 on Friday 4/17, closing at 8131.

SPX:  “THE SPX IS GOING HIGHER TO TEST THE DOUBLE TOP AT 877 FROM LATE JANUARY AND MID FEBRUARY.  FROM THERE, THE NEXT STOP IS THE DOUBLE TOP AT 918 FROM DECEMBER ’08.  I BELIEVE IT WILL EVENTUALLY HIT THE SWING HIGH AT 944 FROM EARLY JANUARY.”

What happened!?  Up we went to test the high at 876 on Friday 4/17 and settled at 870.

COMPQ:  “THE COMPQ SHOULD TEST 1666 THIS WEEK.  IF IT BREACHES THAT LEVEL, WE HAVE A STRAIGHT SHOT TO THE SWING HIGH OF 1786 FROM 11/4/08.”

What did it do!?  The COMPQ reached a high of 1682 on 4/17 and closed at 1673.

Monday formed a hanging man candle, which is bearish.  Profit taking was evident in the morning hours, but the indexes rebounded late to pare losses as the DOW finished down 25 points. 

As expected, Tuesday was bearish on economic news and some less than upbeat comments on the economy by President Obama.  The DOW closed down 138 points.

Wednesday morning, the trading was bearish based on poor manufacturing data.  However, better than expected earnings pushed the market higher in the afternoon to close up 109 points on the DOW.

Thursday saw a continuation of Wednesday’s triple digit gain as the markets battled off negative jobless claims numbers and declining housing starts to close 96 points higher in the DOW.

The week ended on the plus side in choppy trading as Google, GE and Citi all reported earnings.  Continuing speculation regarding GM’s possible bankruptcy added to the uncertainty as the DOW closed up 6 points.

Week over week, the DOW was up 48, the SPX gained 13 and the COMPQ  was better by 20.

LEARN HOW ROBIN TRADES THE MARKET!!  CLICK HERE.