tag:blogger.com,1999:blog-8765832528826242391.post3228385258780462872..comments2024-03-28T11:33:25.049-07:00Comments on Cyclical Market Analysis: $SPX - May Timing UpdateSChttp://www.blogger.com/profile/09474760275693948933noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8765832528826242391.post-67846773414978028052011-05-12T11:33:10.460-07:002011-05-12T11:33:10.460-07:00As expected we did see a solid bounce. It can pus...As expected we did see a solid bounce. It can push higher, but this should be the last bounce. <br /><br />Financials are weak (rifin). They were testing the April 18th lows this morning, and the bounce has only filled this morning's gap. Much weaker than SPX.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-10746508811598143492011-05-12T07:27:51.845-07:002011-05-12T07:27:51.845-07:00Thanks SC. The market looks heavy, but should get...Thanks SC. The market looks heavy, but should get one more push into the 1340'sThaiHawaiihttps://www.blogger.com/profile/05865806161734565968noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-61903691108834055052011-05-12T06:50:08.672-07:002011-05-12T06:50:08.672-07:00Thanks for the update SCThanks for the update SCBlakehttps://www.blogger.com/profile/08650600450661791461noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-50519871460611540202011-05-12T06:17:49.620-07:002011-05-12T06:17:49.620-07:00Thanks 928, nicely done. We could still bounce he...Thanks 928, nicely done. We could still bounce here, but as I've said the market has basically met minimum requirements already. <br /><br />I don't "trust" this market.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-30454759189336778402011-05-12T06:07:56.751-07:002011-05-12T06:07:56.751-07:00Yes, Thai the target is far down. The reasoning a...Yes, Thai the target is far down. The reasoning and calculations that I have done previously are still valid. I will likely tweak the target slightly though because the top came in a touch higher than my estimate. My targets have been typically conservative.<br /><br />I plan to show charts with target prices soon. In the past I have shown the target prices early, and reflecting back, I think it is better to be more patient and show those targets nearer to optimal timing. <br /><br />Most important is that there is a certain bottoming pattern that my cycles indicate.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-32145348963549067882011-05-12T05:51:28.491-07:002011-05-12T05:51:28.491-07:00Nice call on Rounded Top for yesterday (sold out o...Nice call on Rounded Top for yesterday (sold out on Tuesday and shorted yesterday).Attitude928https://www.blogger.com/profile/10592598982089128266noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-44335973751337635582011-05-12T03:20:30.782-07:002011-05-12T03:20:30.782-07:00What happened to 1206??What happened to 1206??ThaiHawaiihttps://www.blogger.com/profile/05865806161734565968noreply@blogger.com