Another date to watch later in February is around the 27th or 28th. That may be a lower high to test the red fibonacci arc with the bottom to fall out soon afterwards.
Daily Chart
Tuesday, February 7, 2012
$SPX - Eye of the Hurricane - Updated
During the Aug-Oct period in 2011 the turquoise fibonacci arc timing resulted in turns in the market. Feb 8th is an important turn date in the timing model. A decline to test the orange neckline is anticipated next.
Another date to watch later in February is around the 27th or 28th. That may be a lower high to test the red fibonacci arc with the bottom to fall out soon afterwards.
Daily Chart
Another date to watch later in February is around the 27th or 28th. That may be a lower high to test the red fibonacci arc with the bottom to fall out soon afterwards.
Daily Chart
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Since today is the turn date, I'll give some leeway in terms of stops.
ReplyDeleteI'm positioned! Well, took half a position in HSD in case the market rally's. I'll wait for direction before taking the other half position. HVU is also back on my radar, but that is a strange one. Its not one you want to go against the tide with, better to see it change direction first, and it appears to be happening now.
ReplyDeleteHope you're right!
ReplyDeleteTVIX trading at the upper white bullish wedge line. TVIX outperforming the VIX today.
ReplyDeleteNice call so far today. I just hope it has some follow through. The Europe news is definitely helping.
ReplyDeleteLet's watch for follow through, but this reversal is looking real. Silver/Gold slumping as well.
ReplyDeleteAfter many years of studying these things, it seems very apparent that the 'news' and the market are one and the same thing generally speaking (except for natural disasters etc). Both are driven by public sentiment impulses that occur at various degrees and in varying directions. I think SC will agree that the cycle (wave) analysis mostly happens whatever the 'news' seems to be. The current global issues have never really gone away for months now, but public sentiment has dictated the market moves (recently very optimistic). If indeed we have topped, (and I think we are there or very close), it is because the cycles in sentiment are unfolding and it can always be made to fit a pattern as evidenced by SC's cycle analysis which has been extremely reliable overall.
ReplyDeleteYes, exactly. The market is just a reflection of the sentiments. The turns are marked by extremes in sentiments. The cycles are simply a way to map out the sentiments going forward. Ultimately people act the same way in the same situation. Fear is a more powerful emotion than greed. That is why markets decline faster than rise.
ReplyDeleteEur/usd back up. Market right back up. Same stuff every day. I'm sure we'll get a 3pm rally too. One of these days the bottom is just going to fall out. Just don't see it being today.
ReplyDeleteTops are processes and major tops can be very choppy processes. Watch for persistent moves through trend areas and moving averages rolling over at the various degrees on at least several indicators. The more you 'focus out', sometimes gives a better perspective.
ReplyDeleteNo short are allowed, its a bull market
ReplyDeleteTURN! TURN! :)
ReplyDeleteEverybody waiting for Greece decision, it is amazing how market is holding....question...what if Greece deal go through? will market go higher or sell on news will occur?
ReplyDeleteInteresting to see....
Still in "buy every pullback" mode. This market is just loony.
ReplyDeleteGreece = Sell the news event.
Oh for gods sakes.. COME ON
ReplyDeletemore people thinks it is going to crash more longer it will continue...LOL...this is turning out to be very interesting...
ReplyDeleteLOL well the longer we rally, the more I and many others I know will think a sell-off is imminent. Does this mean the rally will continue forever? :)
DeleteAt least TVIX is up. About the only good thing I can say for today. Might be a sign something is turning here.
ReplyDeleteSc
ReplyDeleteYou had stops at 1351 which was hit today...........
"Since today is the turn date, I'll give some leeway in terms of stops."
Where is your stop now? Tx, jon
In terms of the pattern of geometry as shown on the weekend, I figured it should be accurate to within about 5 SPX points. I don't have a hard stop in, but around 1351 is still acceptable with that geometric pattern. Because of the turn date today it was not a good idea to have a tight stop in place.
DeleteWe'll see how it looks tomorrow, but 1351 is about the threshold with that math. I'll give it only a couple points of leeway beyone that number.
HI JON
ReplyDeleteGO back one page and read my reply to YOU
I NEVER EVER BOASTED 80%-90% CORRECT market calls !!!
YOU HAVE MISREAD WHAT I WRITE ABOUT !!!
ONLY THE daily EKG has an 80% correlation to the NEXT DAY trading. NO, its NOT 100% because it is a NATURALLY Occurring phenomena, and I REPORT it in its natural state, UNALTERED to eliminate any bias I may have.
TAKE SOME TIME TO LOOK OVER the RECORD OF THE EKG.
JUST LIKE SC, I was inclined to look at FEB 3rd as the HIGH & TURN, but NOW WE see the SPX failing at 1350 ALL DAY today thus setting up the INEVITABLE
THIS WEEKS EKG is shown against the SPX SO Far.
TELL ME its NOT within an 80% correlation.
thnx
Jay
Jay
ReplyDeleteJay,
Let’s get real here …………you have boasted %80 to %90 with the EKG! I have gone back through your posts since you have been posting! There is no way you can make such a statement……………show us, as you boast "scientifically" how you came to that % or give it a rest in your boasting! Show us an exact formula or account statement by which you came to that percent or quit taking for granted traders are as stupid as you are taking us to be! Most of the time you are showing 2 EKG's with different results and than excuses when neither perform! If your EKG was that accurate you would have the same trading results, as it is what you are using for direction! SO to put this to rest just show your trading statements with %85 accuracy or give the trolling and to be kind, misleading statements a rest! jon
Sc
ReplyDeleteThanks! We shall see soon! best, jon
OK JON
ReplyDeleteWhatever you say
YOU have never even investigated the blog
I DO NOT MAKE MISLEADING STATEMENTS
AND YOUR TWISTING WHAT I WROTE
I DID NOT BOAST THAT it was scientifically proven.
IVE explained the EKG and its multiple components several times, but YOU Choose to pick out what you want to say you've read
About 6 months ago, I discovered 2 more components , one of which seems to have better correlations
ITS STILL A DISCOVERY IN PROCESS
I DONT MAKE UP THE EKG.
ALL YOU HAVE TO DO IS GO BACK EACH DAY FOR ABOUT 6 months and correlate each day with the SPX as ITS PLAINLY published comparing the SPX every day.
BTW, it doesnt take a rocket scientist to tally teh score for the last 6 months day by day.
It should only take about 3 hours
then YOU can prove how it doesn't correlate
UNTIL then, Its MY WORD that it does correlate, and that of my 200 VPN members
AND you keep bumping up the ante
Ive claimed an 80% correlation for the EKG to the next day SPX and your now saying its 85% & 90%
WHY NOT GO FOR BROKE -100%
YOU must have been in cahoots with that other cyber bully who I bumped off my blog.
ALL YOU WANT TO DO IS MAKE A LOT OF NOISE
Have you rad any of the testimonials from some of my clients
OH- Never mind, YOU"ll just claim I made it up.
SC, has JON ever contributed anything important. I dont see his reply or post to anyone but me.
IF YOU JUST WANT TO MAKE A LOT OF NOISE, HAVE FUN,
BY BY
Jay
ReplyDeleteLet's stop with the smoking mirrors .....my degree is in math and as you have stated in your blog, yours is in sales! I have read you blog and seen how you boast your results with no reality or science behind it EXCEPT your own manufactured results! I have gone back in your so called results and to state %85 is a joke! Like I asked, show your trades that back this up as the EKG is what you use for direction! DIDN'T THINK SO.................
YOUR VISUAL optimization is not scientific my friend!
For the record in going back no one was bumped off your blog.....you suddenly closed comments when you started your membership as you had so many complaints you could no longer allow comments! It seems they were asking the same questions...........surprise .....surprise! SO let's keep your smoke to a minimum! AND as expected when asked for proof of success you will go MIA from this site as you closed your comment section because ........bottom line you have NO proof except your own smoke! You are the stating your results and I am asking for "scientific proof" as you have stated your secret is scientific! Hiding behind the comment that anyone who asks for proof is a cyber bully is expected...........you must have learned that in sales 101!
I am sure you will now go BYE BYE, as you state and continue your sales pitch where no one can hold you accountable! SO EITHER SHOW proof of your statements or quit blowing smoke..........we are not interested in your sales pitch..........show us the meat not the sizzle!!!! SORRY SC for this interruption .................jon
Beetlejuice, did you notice that model you linked earlier has raised correction low by like a couple of thousand points ..? i think initial drop it was fitting around 10750 DJI now sits up to 12100 or so since the index moved higher..
ReplyDeleteSo this is actually consistent with first mild correction. I'm very curious to see COT reports this coming friday!
DeleteThank you SC, All I can say is, these guys ( SC or Jay from other blog) do not Owe anything to ise that look at their blogs for free... If any day, I think they are not correct or not making sense... I just leave and do nto come back...they do not owe me or no body forced me to come...Thanks SC and Jay for your time, in this market even God can not predeict what is happening next moment
ReplyDeletejon lopez is right. jay has been pretty screwed throughout october 2011, not covering shorts when the market turned. even as the market moved higher, he was convinced the 'trap door' will open and vindicated his shorts. we knew how that turned out. this was the period when comments are suddenly not allowed. soon after he came up with new ekg. nice one jay. you can't fool all people all the time, dude.
ReplyDeleteThanks H2535
ReplyDeleteNO one can be right all the time
SO YOUR GOING TO BURY ME FOR ONE TIME PERIOD
there will be times that are good and some not so
SC has been top picking since last week as many other traders have also
I mentioned several times that the LARGER DOWN MOVE will not come until AFTER FEB 17th
AND your rightH2535 - IF you dont agree with a blogger, then dont read that blog
SC, Please accept my apology for those who take up space
and dont offer anything constructive for market analysis
I see that JON got short on spx 1341
was that MY fault too ??
NO, JON, IM NOT GONE- just saddened to read such things that you print about other people.
THE EKG is PUBLISHED EARLY daily and the SPX is published at days end to CORROBORATE what was delivered the day before to the VPN group - ITS ALL THERE TO SCROLL BACK IN TIME as far back as you want to go- DAYS that did NOT conform were duly noted as such. Thats why its an 80% correlation.
Why shouldn't I cut off NASTY UNTRUE COMMENTS- I Did NOT scrutinize those comments the way that SC does, and Im sure that IF you or others put that stuff here, he would not allow it to get posted.
MY LAST trade was GOLD short at 1760, and closed it on Monday as the price came off the low at 1710, but missed that bottom- was STILL a good trade-
later
Jay
WIZ
ReplyDeleteWe don't care if your right or wrong......quit changing the point....we care that you mislead with your statements and can not back up any results that you post...they are all optimized by your mind!
I was never short at 1341..........just another smokin mirror and never stated it!
GET real on your %80.....your not close and there is NO scientific proof! Just read cbear....you have been exposed .......so put up scientific results or blow your smoke down wind!
ONCE AGAIN either prove your %80 or quit mis leading people to milk the cow! jon
Jay, the difference between you & SC is that SC never charges any money for anyone to read his analysis. He puts up charts, and spits out what he thinks gonna happen. Sometimes it happens the way he thought it would, sometimes not.
ReplyDeleteYOU charge money for people to be in your VPN, and you pretend to have some 'scientific' mumbo jumbo given to you by the gods. But when you miss big time, you just pretend like it never happened. That's the difference between you & SC.
Hy SC , I SELL NOW TVIX +22%...... 19,96.... yOU AREN'T A braveheart.... .
ReplyDeletecbear
ReplyDeleteYou are both correct ............Jay is selling as salesman does.........all he cares about is payment and clicking on hsi site! I and many others challenged him as the VPN did not even come close to his BS! AND of course you already figured out his EKG is whatever he wants it to be when he talks of it! He can not a have an open forum as tooooo many VPN members went crazy...........just would like to warn anyone from getting tied up in the circle and his BS as he has one excuse after another just trying to hold it together! I was sn0000p1 on his site! gj
Thanks Cbear and GJ!
ReplyDelete