tag:blogger.com,1999:blog-8765832528826242391.post841422260584433267..comments2024-03-27T08:45:49.016-07:00Comments on Cyclical Market Analysis: $SPX - Target Raised to 1340SChttp://www.blogger.com/profile/09474760275693948933noreply@blogger.comBlogger44125tag:blogger.com,1999:blog-8765832528826242391.post-50925802562300220432012-01-28T19:11:50.445-08:002012-01-28T19:11:50.445-08:00The patterns and cycles that I use are pointing hi...The patterns and cycles that I use are pointing higher, and this year should be positive. Election year and tons of money in bonds suggest it will move into equities soon. Things are overbought now, plus we hit the mid January cycle peak, so I'm waiting for new low cycle to form before buying again.ZigZaghttps://www.blogger.com/profile/01342081086588921653noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-58829541997654397692012-01-27T18:21:53.700-08:002012-01-27T18:21:53.700-08:00Zigzag, so far you are all right, May I ask why yo...Zigzag, so far you are all right, May I ask why you are so confident there is no major correction this year with bad news around?Stevenhttps://www.blogger.com/profile/00591468588082024006noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-49768698193977885812012-01-26T02:23:33.942-08:002012-01-26T02:23:33.942-08:00I agree. A major part of market participation is b...I agree. A major part of market participation is being able to reverse(cover) your position.<br />I probably sounded like I was taking a pot shot at SC, I wasn't. It was a legitimate question.<br /><br />HOWEVER, when you put yourself out there for all to see, you have to be able to take some heat and I am sure that SC is up to it.beetlejuicehttps://www.blogger.com/profile/17317530269578300545noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-50359857973454726912012-01-25T19:53:40.594-08:002012-01-25T19:53:40.594-08:00Anything is possible, and we could keep going unti...Anything is possible, and we could keep going until early February, but I won't be buying it here just yet. We should see a healthy sell off before the next up move to the mid March cycle. I don't see a major correction this year.ZigZaghttps://www.blogger.com/profile/01342081086588921653noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-40890751091271662082012-01-25T19:40:58.183-08:002012-01-25T19:40:58.183-08:00This chart is showing equal distances in time from...This chart is showing equal distances in time from key highs and lows that have aligned to where we are now..We're at a point in time where things could possibly reverse course for a bit. Other indicators I follow are overbought as well.ZigZaghttps://www.blogger.com/profile/01342081086588921653noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-85417574495851932872012-01-25T18:11:32.763-08:002012-01-25T18:11:32.763-08:00no one has a crystal ball however it isok to revis...no one has a crystal ball however it isok to revise your targets. particularly now that SC is posting his trades, this morning he covered and went long, then sold. lets see this play out some. i think he has coveyed such confidence and thus is due some criticism, but larger picture if the s&p drops to 1044,it wont matter if you shorted at 1240 or 1340. Now, i think SC can do a better job of concurrently showing the larger picture cycle followed by shorter cycles, but he has made an effort to do so and the full disclosure of his trades before he makes them should make a difference going forward.SS76https://www.blogger.com/profile/05254142166449670930noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-78035273103380135482012-01-25T18:01:50.585-08:002012-01-25T18:01:50.585-08:00so short term top early feb, drop mid feb, cycle h...so short term top early feb, drop mid feb, cycle high march. right? Do you see a major correction?SS76https://www.blogger.com/profile/05254142166449670930noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-6394914745767746762012-01-25T17:54:07.357-08:002012-01-25T17:54:07.357-08:00This comment has been removed by the author.SS76https://www.blogger.com/profile/05254142166449670930noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-51112866516059260612012-01-25T17:08:08.701-08:002012-01-25T17:08:08.701-08:00mick
Your point is well taken! jonmick <br /><br />Your point is well taken! jonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-32159433172626607252012-01-25T17:06:30.468-08:002012-01-25T17:06:30.468-08:00SC
No offense but your statements, after catching...SC<br /><br />No offense but your statements, after catching up with your posts from November are off base! They make no sense! I can see Zig is the voice of reason here! Making any excuses for not being even close is crazy! jonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-92003789515725817022012-01-25T16:55:01.481-08:002012-01-25T16:55:01.481-08:00I'm still not a buyer here...
http://tinyurl....I'm still not a buyer here...<br /><br />http://tinyurl.com/86a6g24ZigZaghttps://www.blogger.com/profile/01342081086588921653noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-81455427693171412322012-01-25T14:53:09.354-08:002012-01-25T14:53:09.354-08:00Yes, but so what. If I had told you that the mkt ...Yes, but so what. If I had told you that the mkt would crash in July 2008, or in June 2011, 2 months before it happened would that really be such a bad call?SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-31295365607767686012012-01-25T14:45:13.232-08:002012-01-25T14:45:13.232-08:00you realized you have been wrong whole time with c...you realized you have been wrong whole time with countless crash calls for past 2 months.. so you pushed it out farther.<br /><br /><br />December crash oops I mean January crash... ummm February crash at 1340ish ... no wait make that March at 1377 I mean it this time really !!!mickhttps://www.blogger.com/profile/13800576410993483401noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-41385793239793699802012-01-25T14:12:22.425-08:002012-01-25T14:12:22.425-08:00It's coming Beetle. Same plan. I realized th...It's coming Beetle. Same plan. I realized the bears had to face one final squeeze to 1340 before it happens.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-41662106007443495882012-01-25T14:01:30.880-08:002012-01-25T14:01:30.880-08:00SC where's your crash?SC where's your crash?beetlejuicehttps://www.blogger.com/profile/17317530269578300545noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-22399210340925876972012-01-25T13:24:19.405-08:002012-01-25T13:24:19.405-08:00dollar index is breaking down, we are at the same ...dollar index is breaking down, we are at the same point on the index as a year ago. It looks like it is heading to the trending up resistance at 75 if 78 is taken out. <br /><br />we all remember what happened with the metals and equities going into the spring last year.AMhttps://www.blogger.com/profile/16653995150217130058noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-19590835226284508322012-01-25T13:11:44.233-08:002012-01-25T13:11:44.233-08:00That is true. I knew Silver would rise from my pa...That is true. I knew Silver would rise from my pattern, but was mistaken about the fear trade being the reasoning.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-22365801213280809992012-01-25T13:06:30.080-08:002012-01-25T13:06:30.080-08:00Also, the fear trade in gold/silver you were speak...Also, the fear trade in gold/silver you were speaking of is not here. They are simply tracking the dollar and the markets, both are dragged by inflationary expectations along with the equities higher.AMhttps://www.blogger.com/profile/16653995150217130058noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-69430916804483538102012-01-25T13:06:21.720-08:002012-01-25T13:06:21.720-08:00Jobs data may support a continuation of the rally ...Jobs data may support a continuation of the rally tomorrow SC, although market is overbought.SS76https://www.blogger.com/profile/05254142166449670930noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-66991651832556794652012-01-25T12:54:02.429-08:002012-01-25T12:54:02.429-08:00I agree, Silver is heading higher, but I do think ...I agree, Silver is heading higher, but I do think it'll pullback from that line short term.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-53148976031865047082012-01-25T12:51:25.429-08:002012-01-25T12:51:25.429-08:00SC, that pink line, is just .. a line. Silver is s...SC, that pink line, is just .. a line. Silver is shooting for down trending resistance at ~36 on the futures.AMhttps://www.blogger.com/profile/16653995150217130058noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-14822020091069037582012-01-25T12:48:33.019-08:002012-01-25T12:48:33.019-08:00Took profit and went short 1328.Took profit and went short 1328.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-54609988634111104592012-01-25T12:18:43.265-08:002012-01-25T12:18:43.265-08:00I will likely take profit on my longs if we see SP...I will likely take profit on my longs if we see SPX 1326. Then, a pullback to 1314-16. Will go long again there.<br /><br />Yes choppy rise to 1340. I'm going to look closer at the plan for what/when comes next after that. Stay tuned.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-23798935785696722382012-01-25T12:11:17.317-08:002012-01-25T12:11:17.317-08:00For the next 4 days basically see a choppy ride up...For the next 4 days basically see a choppy ride up to 1340 then? Pull back after that to what? and then another peak around Feb 8?SS76https://www.blogger.com/profile/05254142166449670930noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-8604207245174276812012-01-25T12:11:02.731-08:002012-01-25T12:11:02.731-08:00Silver is hitting the pink line I mentioned a few ...Silver is hitting the pink line I mentioned a few days ago:<br /><br />SLV stopped at the area shown and is hitting some resistance there. However, because everything has been stronger today I do wonder if SLV could reach that pink line just over $32. That may be a better estimate of where it reverses.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.com