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Wednesday, January 18, 2012

SPY - Timing Cycle Convergence

There was increased volatility around the last set of timing cycles shown last week.  A larger set is coming due on Jan 23-24th. 

The turquoise fork line was tested yesterday, and that may hold as support for now. 

2hour Chart
Posted by at

34 comments:

  1. ZigZagJanuary 18, 2012 at 11:35 AM

    I have a cycle peak on the daily for today, but it's very possible this gets extended to SC's 23-24 date.

    http://tinyurl.com/83s4rew

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    Replies
    1. ZigZagJanuary 18, 2012 at 8:55 PM

      Here's what I was looking at on the daily chart for possible short term peak.

      http://tinyurl.com/6nmfh9o

      Delete
    2. TimerJanuary 19, 2012 at 6:04 PM

      ZZ, is this the projection for 2012 ?

      Delete
    3. ZigZagJanuary 19, 2012 at 6:16 PM

      Hi Timer..The market will likely resemble something similar to this in price. I use it mostly for time..

      Delete
  2. SCJanuary 18, 2012 at 11:46 AM

    Thanks ZZ, interesting.

    I'm working on another timing chart as well, coming soon.

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  3. MeteoJanuary 18, 2012 at 1:10 PM

    Hy Sc , 1241 top , 1269 top ,1289 top and 1308 / 1312 ( today ) top . The next top ? please. Thanks

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  4. SamiJanuary 18, 2012 at 1:13 PM

    SC how much more upside you think we got here?

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  5. SCJanuary 18, 2012 at 1:36 PM

    We are right at the target range now. This resistance may take some testing, but should prove to be solid. I have another chart coming next that is interesting for timing and price levels.

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  6. SantaJanuary 18, 2012 at 2:18 PM

    Hi SC

    Are you in any position now? long or short or cash with s&p?


    Thanks!

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    Replies
    1. SCJanuary 18, 2012 at 7:29 PM

      Not yet, but planning to build up an S&P short position.

      Delete
    2. SS76January 19, 2012 at 4:33 AM

      pre market we are at 1311, you anticipated a sharp drop from here. When does this happen and where does the drop take us?

      Delete
    3. SCJanuary 19, 2012 at 6:04 AM

      Yes, we are right at the target zone now. My cycle analysis looks weaker later today. So we could see some selling off this level later today.

      The market is coming into the time zone for a turn as well Monday.

      I have a chart coming with next timing and targets.

      Delete
  7. sammyJanuary 18, 2012 at 2:47 PM

    SC
    Market Map
    Published tonight
    http://markethighsandlows.wordpress.com/

    ReplyDelete
  8. ZigZagJanuary 19, 2012 at 7:03 AM

    Watch $XII today. If it can't close at a new high it might signal a short term peak.

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  9. ckoreyJanuary 19, 2012 at 7:52 AM

    cashed out of longs just now.............as predicted...........up into this range in time and price.

    will be looking to buy the dip.

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  10. ckoreyJanuary 19, 2012 at 7:54 AM

    there will be corrections in this market but I ask again.................where's the crash?

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    Replies
    1. MikeJanuary 19, 2012 at 8:21 AM

      Where's even the corrections? This is getting annoying

      Delete
    2. ckoreyJanuary 19, 2012 at 9:15 AM

      not many in a bull market

      Delete
  11. StockboomJanuary 19, 2012 at 8:56 AM

    SC, how far silver can go from here?

    Anyone long?

    Thanks

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  12. StockboomJanuary 19, 2012 at 8:58 AM

    looks like S & P is heading for 1325....

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  13. SCJanuary 19, 2012 at 9:30 AM

    We'll see about Silver - it may try for $31.50 or so.

    VIX hitting a new low today per my weekend analysis. The white line comes in at 19 so it is getting close.

    NDX has been on a roll the last few days.

    ReplyDelete
  14. ZigZagJanuary 19, 2012 at 9:42 AM

    INDU maybe short term peak here. Just waiting for better area to add to my longs. I'm very bullish on the year.

    http://tinyurl.com/7t6ko4q

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  15. AfshaikhJanuary 19, 2012 at 9:57 AM

    I'm short at 1313, looking to add it it reaches 1325.

    Target is at least 1300, or 1275-1280 short term

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  16. SamiJanuary 19, 2012 at 10:58 AM

    SC.. you think we're topping out here?

    Whats your downside target ?

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    1. SCJanuary 19, 2012 at 11:59 AM

      It's getting frothy up here Sami! I'd still like to see more though because we are not quite into my time window yet. Very close though.

      Hold that thought on the downside targets. Working on that chart now.

      Delete
  17. AMJanuary 19, 2012 at 12:09 PM

    SC, you see this as a correction on the way to higher highs this summer with lots of volatility on the way?

    Atilla D. posted his view in late december, canceling his bear prognosis and suggesting broadening top formation pattern into late 2012 on the back of the european printing presses. Your thoughts on this?

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  18. SCJanuary 19, 2012 at 12:48 PM

    What I am seeing is weakness in the first half.

    ReplyDelete
  19. sammyJanuary 19, 2012 at 1:49 PM

    SC,
    Natural Gas Buy ?
    In depth article here
    www.markethighsandlows.wordpress.com/

    ReplyDelete
  20. SamiJanuary 19, 2012 at 5:08 PM

    SC... whats the top target you have ?
    price wise
    for this wave up

    ReplyDelete
  21. TimerJanuary 19, 2012 at 6:00 PM

    zig zag, do you a blog site ? I will like to know more about your views of the markets.

    ReplyDelete
    Replies
    1. ZigZagJanuary 19, 2012 at 7:03 PM

      I'm working on putting one together. I really need one, even if it's just for a place to link up all my charts.

      Delete
    2. katzo7January 22, 2012 at 1:32 AM

      I vote for that. Found you !

      Delete
    3. ZigZagJanuary 22, 2012 at 9:59 AM

      Hi katzo :-)

      Delete
  22. ZigZagJanuary 19, 2012 at 7:14 PM

    SPX Weekly line chart with multiple cycle alignments for possible short term pullback.

    http://tinyurl.com/6t6jqp5

    ReplyDelete

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