12 replies to this topic

[blustar]

Here's The Chart

[andiron]

no way jose

[opinionated]

Thanks for sharing your thoughts, and your work. I must say it seems a bit extreme but hey anthing is possible. And we are due... but I'll let the day to day internals say how far it go's. My cycle date is the beginning of next week at the latest. And actually I will not feel good holding short after friday. Right now Im trying to find the bounce, then enter short again for a friday bottom. This morning looks like maybe its now but that does not fit in until late this afternoon. Around 1805es would be a number I will be looking at close. best O

[blustar]

Thanks for sharing your thoughts, and your work. I must say it seems a bit extreme but hey anthing is possible. And we are due... but I'll let the day to day internals say how far it go's. My cycle date is the beginning of next week at the latest. And actually I will not feel good holding short after friday.

Right now Im trying to find the bounce, then enter short again for a friday bottom. This morning looks like maybe its now but that does not fit in until late this afternoon. Around 1805es would be a number I will be looking at close.

best

O

The 13.7 mo cycle low in the past few years has been harder down than this one from top to bottom and it is not to be ignored. As far as an opening today, +5 would just about do it and it is gaping against the ST trend, which is now down. The last one (13.7 mo lo) went down 8.9%, but then again took a couple of months to do it. We have had horrible internals, MOM and OBV failures on the FED rally. A Z wave is the same as C and we are now in the third of the third so to speak or c of C...c of Z... same thing... and wave 2 of that wave.... these types of formations and cycles always launch higher and I expect that rally to be fast and furious into about Jan 30-31 based on the astro and e-wave formation. The astro has a reversal of Jan 16 +/- and also on Jan 31 +/- which is also a New Moon area, ideally the full moon bottom should be Friday based on the 29.5 calendar day cycle from the low on Dec 18. An 8-9 TD rally should ensue and make new highs, again unconfirmed by technicals later this month.

[SemiBizz]

Easy there.... One step at a time here. First step is the 12/20 Volume low of 1810. Let's see that first, then step by step. I outlined them earlier...

[MDurkin]

Here's The Chart

I was wondering about that pesky gap.

[blustar]

The SPX just about retraced 50% of the down move in what I believe to be a Wave 2 rally. We have wave 3, 4 and 5 coming. In c of C (or Z) wave crashes, usually wave 5 is the worst.

I have also worked up a weekly chart where a move to 1697/98 SPX is possible by this Friday.

See Weekly Chart (2nd chart on page)

[opinionated]

50% of the down move would be 1826 es

[blustar]

50% of the down move would be 1826 es

About 1829/30 cash

[blustar]

I have a worst case scenario of 1629/30 by Friday, but will share that later.