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Wednesday, October 10, 2012

$SPX - Gradual Decline Phase

There will likely be a few sharp bounces along the way, but overall SPX is anticipated to form a gradual decline lower to the green target area.  It is estimated that this decline phase takes 3 weeks to complete.

The process should be choppy with another moderate spike up during the first half of November (once the downside target area is reached).  The spike may take SPX to a marginal new high for 2012.  A final November spike would complete a broadening top formation. 

The bigger picture is much more important, and those charts are coming. 

60min Chart
 
Short Term:

UVXY is at midfork resistance and should flatten out for a few days, then drop down again early next week. 

SPX may be relatively quiet for the rest of the week, then have a decent bounce early next week.

30min Chart














24 comments:

  1. "The spike may take SPX to a marginal new high for 2012"

    So what happen to the September new LOWS? You missed the run up ALL year, now ZIG is bearish& you are bullish for a moderate new high? LOL!

    ReplyDelete
    Replies
    1. Looks and sounds like you need to quit being so rude and do your own research instead of criticizing others'.

      Delete
  2. SC....you're missing the boat on the big move! the wave that we're currently in is the biggest decline for the year and you're missing it...

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  3. Still too early for the big wave yet.

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  4. SPX probably bottomed for now, a few more points possible downside in a few days. Then set for a decent bounce.

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  5. In terms of price action the Sept 30th analysis worked quite well for SPX.

    http://cyclicalmarketanalysis.blogspot.ca/2012/09/spx-spike-up-next.html

    ReplyDelete
  6. ARMS index yesterday was .77 MKT SAYS HO-HUM
    Today's ARMS = 1.51 STILL NO Stampede out the door- and NO BUY SIGNALS either
    DID anyone SEE the DAILY EKG TODAY?
    Check it later when I will show it.

    WHO CALLED lower this week ?
    Zigy- good for him
    Jay

    ReplyDelete
    Replies
    1. Jay ........GO AWAY!

      You have 3 or 4 of them and then you just post the one that is the sensation for the time period! We get it ..........SKOKIN MIRRORS! THis is not your site! You had to QUIT posting it LIVE because of it.........AND you have been calling for a down move for MONTHS............hahahahaahahhahahaha! GET REAL!

      Delete
    2. Jay, whatever happens to 10-10-12 being a STRONG MARKET DAY?

      Delete
  7. This comment has been removed by the author.

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  8. New high for SPX is a very high probability in Nov. Only minor downside this month.

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  9. UVXY still 2 weeks from hitting bottom in my analysis. That is why I am waiting.

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  10. 2 more weeks.. been waiting for that VIX spike since July

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  11. My analysis is on a much larger scale for VIX. It's a 5 year cycle that is coming due for VIX.

    ReplyDelete
    Replies
    1. 2002, 2007, 2012. Big, bad, and ugly...

      Delete
  12. If you jumped in UVXY in July, don't worry this spike in Oct...Sorry I mean November, (or maybe December) will make you break even...

    so have patience

    ReplyDelete
  13. CHARLIE
    IT IS NOT YOUR RIGHT TO TELL ANYONE WHERE THEY CAN VISIT OR COMMENT

    YOUR the REASON I STOPPED Public comments.
    CRAP NOTES AND EMAILS like that one should be erased by the moderator

    IVE GOT OVER 200 CLIENTS who KNOW that Jaywiz is not smoke N Mirrors - AND THEY ARE ALL EXPERIENCED TRADERS -

    Jay






    ReplyDelete
    Replies
    1. Wiz

      AND it 's not your place to come on and hussle and blow smoke! JUST POST YOUR STATEMENT WITH %80 RESULTS AND WE ARE DONE!!!!! Oh you didn't mean OBJECTIVE RESULTS........WE SEE! YOU MEAN SUBJECTEIVE IN SERTING 3 or 4 DIFFERENT GRAPHS DEPENDING HOW YOU FEEL! WE GET.............CHING! OPEN YOUR COMMENTS AND WE WILL SEE!

      Delete
    2. Wiz...

      As we said at SC does his own work.......no matter what! You might try that and worry less about the "slight of hand"!

      Delete
  14. Charlie
    I GUESS YOUR JUST PERFECT

    If You dont understand something DONT KNOCK it down- YOUR EXTREME prejudice is obvious

    Im sure NO ONE ELSE CARES TO READ YOUR RANTS

    Folks -TELL HIM to KNOCK IT OFF
    So that we can get down to REAL Business
    and not POPPYCOCK statements

    Later
    Jay


    ReplyDelete
    Replies
    1. Jay, what we are after is some grown up discussions here. You throw out MELTDOWN COMING, 10-10-12 being A STRONG MARKET DAY, 11th & 12th October being DISTURBING DAYS. When nothing happens you just claim 80% correct record. WTF?

      If your resources are that good & 'scientific', where's the MELTDOWN? STRONG MARKET DAY? DISTURBING DAYS?

      We all know you use those bombastic headlines to get people's attention and, hopefully, get them to part with their money in your direction.

      Grow up.

      Delete