tag:blogger.com,1999:blog-8765832528826242391.post3713358675772323459..comments2024-03-28T11:33:25.049-07:00Comments on Cyclical Market Analysis: $SPX - Financials and Small Caps UnderperformingSChttp://www.blogger.com/profile/09474760275693948933noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-8765832528826242391.post-69293847000174503542011-10-11T13:43:22.365-07:002011-10-11T13:43:22.365-07:00Bingo, there is a reason for a drop in the mkts at...Bingo, there is a reason for a drop in the mkts at the end of week. A failed vote in Slovakia could sure rattle the mkts.... The drama begins. <br /><br />"There is an assumption that the EFSF, one way or the other, will be approved by the end of the week," Finance Minister Ivan Miklos, who supports the measure, told parliament before the vote. <br /><br />The leftist Smer party led by former Prime Minister Robert Fico has said it would be receptive — in exchange for major concessions including a cabinet reshuffle or early elections. <br /><br />The fourth ruling party, Freedom and Solidarity (SaS), said it would abstain from the ballot. It argued that, as one of the poorest members of the single currency club, Slovakia should not pay for the debts racked up by more affluent countries. <br /><br />"I consider the tying of the bailout ratification vote to a confidence vote in the government as blackmail," SaS leader Richard Sulik said. "These are things that severely damage Slovakia. Slovakia is not responsible for saving the world." <br /><br />Parliament can submit the ratification to repeated ballots once Radicova has struck a deal with the Smer party. <br /><br />"We are ready to talk to political parties seeking approval of the EFSF. But let's wait, this government is facing a test now," Fico told reporters. <br /><br />Voting Breakdown<br /><br />Radicova said last week she was personally committed to ratify the agreement by Oct. 14 ahead of a meeting of euro zone leaders originally planned for the weekend. That meeting has now been pushed back to Oct. 23." <br /><br />http://www.cnbc.com/id/44854607SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-16576510676692804722011-10-11T13:25:36.939-07:002011-10-11T13:25:36.939-07:00Up to 1205 i can live with and would qualify as &q...Up to 1205 i can live with and would qualify as "inching higher" but above that level, I dont think it would qualify as inching higher. I still think if we close the week on a strong note, the best the bears can hope for will be a retracement of the recent gains and nothing more for now.PKhttps://www.blogger.com/profile/14438886077350225173noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-41949863099221010672011-10-11T13:23:18.422-07:002011-10-11T13:23:18.422-07:00Minutes after the market close...
http://www.zeroh...Minutes after the market close...<br />http://www.zerohedge.com/news/slovakia-rejects-plan-expand-efsf-government-falls<br /><br />Hope everyone took advantage of the ramp on the RUT minutes earlier!justmy02https://www.blogger.com/profile/04463799092640793834noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-50516838908424054322011-10-11T13:16:44.332-07:002011-10-11T13:16:44.332-07:00I suspect a decent dip tomorrow morning. However,...I suspect a decent dip tomorrow morning. However, there is still the time tomorrow and part of Thursday to inch higher. It'll do it's best to shake out the bears, but as it inches higher I see the clock ticking. <br /><br />This will be a test of patience, but in the end I am satisfied it will be well worth it.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-38893318686812427562011-10-11T13:15:01.608-07:002011-10-11T13:15:01.608-07:00The calm before the storm?The calm before the storm?curiousmindhttps://www.blogger.com/profile/01666424655241738081noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-78448594529664419112011-10-11T13:05:37.245-07:002011-10-11T13:05:37.245-07:00nothing bearish about today's price actionnothing bearish about today's price actionPKhttps://www.blogger.com/profile/14438886077350225173noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-28286885939651133572011-10-11T12:50:10.038-07:002011-10-11T12:50:10.038-07:00Agreed.
Watching and waiting for now.
It comes d...Agreed.<br /><br />Watching and waiting for now.<br /><br />It comes down to if you believe the lows are in for the year at 1075.ckoreyhttps://www.blogger.com/profile/01163819664255449052noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-8389239287580115642011-10-11T12:26:53.133-07:002011-10-11T12:26:53.133-07:00ckorey,
It is true that extreme forecasts rar...ckorey,<br /><br /> It is true that extreme forecasts rarely play out. However, look at August, did anyone see the move from 1300+ to 1100 in less then a month? We are at treacherous time. a 60+ point downside in one day is no longer impossible. I guess we just have to wait and see how things unfold.curiousmindhttps://www.blogger.com/profile/01666424655241738081noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-85495984244775640122011-10-11T11:43:20.009-07:002011-10-11T11:43:20.009-07:00SC, TSI indicators tell me that the trend is up fo...SC, TSI indicators tell me that the trend is up for gold and silver as well.. you may be onto something here. I guess i have to close my shorts..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-39954220453778283832011-10-11T11:33:23.863-07:002011-10-11T11:33:23.863-07:00Curious,
Yes I do and like him very much.
Keep i...Curious,<br /><br />Yes I do and like him very much.<br /><br />Keep in mind these are EXTREME forecasts that rarely play out (or at least not in the timeframe they are looking for).<br /><br />I'm looking more for a move to 1140 or so but am open to anything.ckoreyhttps://www.blogger.com/profile/01163819664255449052noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-19690342152982935502011-10-11T11:18:02.607-07:002011-10-11T11:18:02.607-07:00ckorey,
I see you also read pebble writer. It se...ckorey, <br /><br />I see you also read pebble writer. It seems that SC's analysis converge with his analysis with very similar date and target. I think it's time to put on some shorts and buckle our seatbelts. The ride is going to be epic.curiousmindhttps://www.blogger.com/profile/01666424655241738081noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-47197851510133775462011-10-11T11:08:30.115-07:002011-10-11T11:08:30.115-07:00That is what I am considering for Gold - a spike. ...That is what I am considering for Gold - a spike. Even more interesting is what would come after that. Gold is very interesting, and I'll show the chart for how that may look. <br /><br />The main point for S&P is that I am expecting a dive to commence on Oct 13-14th with an estimated target of 1044. Which day it bottoms I am not sure.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-70220944741626912812011-10-11T10:55:57.422-07:002011-10-11T10:55:57.422-07:00SC,
Am i reading your chart correctly...............SC,<br /><br />Am i reading your chart correctly................You see 1030 by the 17th?<br /><br />Thanks.ckoreyhttps://www.blogger.com/profile/01163819664255449052noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-28922819121249658982011-10-11T10:47:06.836-07:002011-10-11T10:47:06.836-07:00SC, whats bothering me is how metals would react t...SC, whats bothering me is how metals would react to the big plunge #2 if it was to occur again. Gold did something new in past 2 months, as markets tanked - it spiked. Will the trend continue .. or are we at the point of no return?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-10861338594068638682011-10-11T10:24:04.609-07:002011-10-11T10:24:04.609-07:00Added to my TZA with a larger position this mornin...Added to my TZA with a larger position this morning. Average now sits at low $41's. I said yesterday it might be a little early but will add later this week. Today the 30 min and 60 min have turned to a buy in TZA. Tomorrow or Thursday at the latest the 120 min should turn to a buy. I will be be adding more tomorrow.<br /><br />I am addding as we go from yesterday until the anticipated drop later this week. I never try to get the exact top, as I may miss out on the biggest move if you try to do so. I just acumulate close to tops and bottoms.<br /><br />I am happy to add TZA at low 41's and if markets go a little higher until for a couple more days I can buy more TZA a little cheaper.<br /><br />Markets looking a little tired here.fartninja33https://www.blogger.com/profile/15718266926887561917noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-86244518904123863162011-10-11T09:53:07.998-07:002011-10-11T09:53:07.998-07:00SC, interesting timing: http://img853.imageshack.u...SC, interesting timing: http://img853.imageshack.us/img853/4255/actor08oct1008471881743.jpg<br /><br />Could there be an extra week before negative news?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-82321048219600703732011-10-11T09:47:03.996-07:002011-10-11T09:47:03.996-07:00This was his tweet from yesterday:
"One more...This was his tweet from yesterday:<br /><br />"One more plunge coming... this will very likely be the biggest one since the summer crash, and will wipe out a number of large hedgehogs"SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-27887111955041136672011-10-11T09:45:04.457-07:002011-10-11T09:45:04.457-07:00Hi SC,
Where did you read Attilla's comments ?...Hi SC,<br />Where did you read Attilla's comments ? xtrenders site has gone private , it seems.sudhakarchttps://www.blogger.com/profile/16122779078292469601noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-29459526848214666652011-10-11T09:39:25.551-07:002011-10-11T09:39:25.551-07:00SC - have followed Atilla for several years, he ha...SC - have followed Atilla for several years, he has been very accurate in his calls - very impressive track record!!DD_Inghttps://www.blogger.com/profile/03153523219237030263noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-28617864039234850962011-10-11T09:21:16.130-07:002011-10-11T09:21:16.130-07:00Once I am satisfied that the bottom is close or in...Once I am satisfied that the bottom is close or in, then yes, I will go long. After the mkt bottoms I am expecting a huge sustained rally.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-26431020051773527232011-10-11T09:16:36.097-07:002011-10-11T09:16:36.097-07:00Sc that still didnt clarify my question; are you p...Sc that still didnt clarify my question; are you planning to go long after that dip or going short expecting further downStockboomhttps://www.blogger.com/profile/02858305761023998639noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-48895387657945549642011-10-11T09:02:50.046-07:002011-10-11T09:02:50.046-07:00Mkt is looking seriously fatigued right now.
Go...Mkt is looking seriously fatigued right now. <br /><br />Gold and Silver should be very volatile during that time period as well. I'm working on how the PM's should behave during that period, and will have comments for them soon.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-3555844714792775752011-10-11T08:56:52.032-07:002011-10-11T08:56:52.032-07:00I think Sol is more the technical guy, but I'm...I think Sol is more the technical guy, but I'm not really sure how they operate. <br /><br />Let me check that out Bluemoon and see if it is similar to my own work.<br /><br />I'm expecting a dive into the 13th to 17th of Oct from the current level. The selloff should be intense during that time period from my cycle work.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-36514428800004025662011-10-11T08:38:58.229-07:002011-10-11T08:38:58.229-07:00SC ok you said in your earlier said you expecting...SC ok you said in your earlier said you expecting market to bottom this friday and .ow you saying you planning to short snp between 13 and 17th october? i am confused can you please clarify? also please clarify your silver expectations thanksStockboomhttps://www.blogger.com/profile/02858305761023998639noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-65292719664992886812011-10-11T08:36:32.366-07:002011-10-11T08:36:32.366-07:00SC, thanks for the clarification. Does Atilla have...SC, thanks for the clarification. Does Atilla have a blog?<br /><br />Are you talking about 60-year commodity cycle? These folks had a video about it in the spring/early summer: http://www.gannglobal.com/webinar/2011/05/12-video-01.phpAnonymousnoreply@blogger.com