tag:blogger.com,1999:blog-8765832528826242391.post5084897372107590711..comments2024-03-27T08:45:49.016-07:00Comments on Cyclical Market Analysis: SPY - Support LinesSChttp://www.blogger.com/profile/09474760275693948933noreply@blogger.comBlogger125125tag:blogger.com,1999:blog-8765832528826242391.post-10046425891730880652011-08-11T04:50:31.571-07:002011-08-11T04:50:31.571-07:00Doesn't look like SP is bouncing to me....
Wh...Doesn't look like SP is bouncing to me....<br /><br />What do you think of this mornings action SC?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-91345887537119666492011-08-10T22:04:25.966-07:002011-08-10T22:04:25.966-07:00How big is big?How big is big?ckoreyhttps://www.blogger.com/profile/01163819664255449052noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-57544606829271707202011-08-10T21:55:08.059-07:002011-08-10T21:55:08.059-07:00Thank you ZigZag, excellent chart!
We should boun...Thank you ZigZag, excellent chart!<br /><br />We should bounce big right here Muzz.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-68080479852399359552011-08-10T21:42:17.021-07:002011-08-10T21:42:17.021-07:00Hi SC I went a small long position on the close as...Hi SC I went a small long position on the close as well as I feel that 3rd wave maybe complete or close to it. With this next bounce up do you see the target around 1200 to 1250 before the next wave 5 down to new lows say 1040 to 1080 range to complete this correction. Then the start of the next rally to new highs. Is this how you see it or have you a different take on it? Look forward to your next charts and analysis.<br />Thanks SCMuzzhttps://www.blogger.com/profile/10089965117242010751noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-60518039409040253282011-08-10T21:24:36.675-07:002011-08-10T21:24:36.675-07:00Hi SC, Your August 9-10 cycle date is what I hav...Hi SC, Your August 9-10 cycle date is what I have been seeing too. http://tinyurl.com/3rt3qf6ZigZaghttps://www.blogger.com/profile/01342081086588921653noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-44074968627247363532011-08-10T16:55:11.300-07:002011-08-10T16:55:11.300-07:00First InvestBB I do not follow anyone, EWI, or any...First InvestBB I do not follow anyone, EWI, or any other EW analyst, I do my own EW analysis. I am a day trader and post real time ES levels, direction, and calls on http://chatroll.com/es-trading. As for my chart, I was watching this EW5 develop, the EW5 top being put in with divergence and the subsequent double ABCs. Single ABCs are continuation; doubles are reversal of direction. Many were calling for 1430 to 50 at this time. Some called for 1600. <br />One cannot deny the steepness of this fall, this should mean something to analysts. IMO this is nothing to fool around with on the bullish side, today's action spotlighted this thought. Fed. intervention is starting to unravel. And on the purely TA side, take a look at the 20/50 MAs on the DAY & WEEK. And compare the length of the MONTHLY impulsive candle --it is a big one -- with what happened in 2008 and look at what happened after that 2008 candle. I think someone said on this site that down moves do not end with this type of massive candle. I think the selling is is far from over. Based on the MONTH, tgt 943 by April 2012. Also there is a two up day and short rule in bear markets, this up lasted a sole one day. That is notable. And bear market short covering rallies are vicious, as shown yesterday. But it all evaporated today. More down to come.katzo7https://www.blogger.com/profile/07023094672090810752noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-6621876571168059362011-08-10T16:54:37.349-07:002011-08-10T16:54:37.349-07:00BB & Bluemoon, I read it differently - he is s...BB & Bluemoon, I read it differently - he is saying that wave 3 terminated at the recent lows and we are in a wave 4 up. Usually wave 4 retraces 38-62% of wave 3, so that implies 1190-1250 or so as a target. It is possible, but it would be unusual, for wave 4 to have terminated already at the most recent 1170s high in ES. On the other hand, his chart also implies there is more downside to come after 4 completes.Spudthorpehttps://www.blogger.com/profile/14053052022741919186noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-19528521929819915992011-08-10T16:39:24.440-07:002011-08-10T16:39:24.440-07:00BB, I think it says what used to be support is res...BB, I think it says what used to be support is resistance and markets are about to tank further down.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-25392483746631416842011-08-10T16:26:00.274-07:002011-08-10T16:26:00.274-07:00Hi Katzo7, can you please explain a bit on that pi...Hi Katzo7, can you please explain a bit on that picture? what it all means to us newbie.<br /><br />Thanks!Santahttps://www.blogger.com/profile/12676163183934734551noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-41358334518378679692011-08-10T16:22:23.096-07:002011-08-10T16:22:23.096-07:00SC, wipe off your Cristal ball! Are you sure you h...SC, wipe off your Cristal ball! Are you sure you holding it right? We are getting nervous here ..<br /><br />In april gold silver ratio reached 1:30, historical low ratio is ~1:17. With gold at 1800+$, 60$ silver is just a matter of time, if it goes for 1:17 - thats 100$+/oz silver. Everybody should pick up some calls on SLV as an insurance in case silver decides to repeat its april's parabolic performance act and blow the roof off. seriously.<br /><br />If confidence in fiat and market tanks futher gold could be trading at 2500 and silver at 100. very soon. I do not see Washington or any other government fixing things any time soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-489801540797980322011-08-10T16:10:04.163-07:002011-08-10T16:10:04.163-07:00Bear trap? Rally? Pictures speak louder than words...Bear trap? Rally? Pictures speak louder than words.<br /><br />http://www.screencast.com/users/katzo7/folders/Jing/media/92358901-6901-4266-923b-8e0c8a32cd72katzo7https://www.blogger.com/profile/07023094672090810752noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-54882671002219043442011-08-10T16:07:19.755-07:002011-08-10T16:07:19.755-07:0018$ silver? 1300$ gold?
we are screwed. lol.18$ silver? 1300$ gold?<br /><br />we are screwed. lol.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-13160529897616809822011-08-10T13:45:19.664-07:002011-08-10T13:45:19.664-07:00new for all:
http://data.cnbc.com/quotes/AA,AXP,B...new for all:<br /><br />http://data.cnbc.com/quotes/AA,AXP,BA,BAC,CAT,CSCO,CVX,DD,DIS,GE,HD,HPQ,IBM,INTC,JNJ,JPM,KO,KFT,MCD,MMM,MRK,MSFT,PFE,PG,T,TRV,UTX,VZ,WMT,XOM<br /><br /><br />interesting extended hour trading on the DOW from link above, almost all of the freaking equity is positive. interesting...Santahttps://www.blogger.com/profile/12676163183934734551noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-75699361323347744292011-08-10T13:28:52.152-07:002011-08-10T13:28:52.152-07:00The Dow made a new closing low; not confirmed by t...The Dow made a new closing low; not confirmed by the S&P, Russell or any of the other broad market indices, many times this happens at inflection points.PKhttps://www.blogger.com/profile/14438886077350225173noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-57983520728933896172011-08-10T13:11:45.119-07:002011-08-10T13:11:45.119-07:00That is my opinion as well PK.That is my opinion as well PK.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-57365312627981703402011-08-10T13:07:56.755-07:002011-08-10T13:07:56.755-07:00It's possible any weakness is limited to the o...It's possible any weakness is limited to the overnight market and gap higher in the AMPKhttps://www.blogger.com/profile/14438886077350225173noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-33427698540487062692011-08-10T13:07:51.252-07:002011-08-10T13:07:51.252-07:00For the most part I only mention my major trades. ...For the most part I only mention my major trades. I believe my most recent statement was that I was long with cash to add.<br /><br />We did see a ton of weakness into the close as mentioned earlier in the day. Feeling good about how things went today, and looking forward to tomorrow.<br /><br />Of course it boils down to probabilities, and I'm no magician.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-50450865301004134382011-08-10T12:57:16.617-07:002011-08-10T12:57:16.617-07:00wow tumble to -50points. dang.wow tumble to -50points. dang.Santahttps://www.blogger.com/profile/12676163183934734551noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-86923553027478194572011-08-10T12:56:30.498-07:002011-08-10T12:56:30.498-07:00Went long.Went long.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-78414125377836927292011-08-10T12:55:28.036-07:002011-08-10T12:55:28.036-07:00SC I think the SPX may drop down to test 1010 low ...SC I think the SPX may drop down to test 1010 low from July 2010 or maybe only down to 1040 - 1080 area. Before a more substantial bounce does occur but there has been huge technical damage done in the markets and this may change this a little in terms of how far the rally can take us. How do you see this playing out, would you look at adding to long positions here or wait to see more action over the next few days? Look forward to your new charts & analysisMuzzhttps://www.blogger.com/profile/10089965117242010751noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-6635759497911016982011-08-10T12:52:36.077-07:002011-08-10T12:52:36.077-07:00SC, you said that you went long last week and earl...SC, you said that you went long last week and earlier this week. Now you said you might go long before the close. When did you sell your previous longs? You never mentioned that at all.fartninja33https://www.blogger.com/profile/15718266926887561917noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-68541873784107364362011-08-10T12:48:40.632-07:002011-08-10T12:48:40.632-07:00went long 50%. see how it goes tomorrow. thanks SC...went long 50%. see how it goes tomorrow. thanks SCSantahttps://www.blogger.com/profile/12676163183934734551noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-41803753539417728002011-08-10T12:44:20.310-07:002011-08-10T12:44:20.310-07:00I probably will go long before the close as I thin...I probably will go long before the close as I think the indications are positive for tomorrow.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-5391802404450535202011-08-10T12:34:37.191-07:002011-08-10T12:34:37.191-07:00Looks like a very weak weak close. holding overnig...Looks like a very weak weak close. holding overnight, SC? Do you expect a jump tomorrow or continue dropping?<br /><br /><br />Thanks!Santahttps://www.blogger.com/profile/12676163183934734551noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-34652657399261381422011-08-10T12:21:30.155-07:002011-08-10T12:21:30.155-07:00I'm going wait until nearer to the close and s...I'm going wait until nearer to the close and see. So far as expected weakness into the close.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.com