e(asy)-waving to the next Price target: spx 1007

(you can use the chart Iblayz posted earlier for easy reference.) let's start with the spx741 low on 11/21: waveAor1 = 203 pts (11/21->1/7, 741->944) wave2orB = 140 pts (1/7->1/20, 944->804) wave3orC = 203 pts (1/20->?, 804-1007) A=C and stops at an important zero degree line as shown on the chart at the previous (pre-election day) spx1007. this should happen quickly, as i expect waveC to be a fiver and we are just finishing wave2 of that fiver. comments? confirmations?

Edited by humble1, 31 January 2009 - 04:31 AM.

(you can use the chart Iblayz posted earlier for easy reference.)

let's start with the spx741 low on 11/21:

waveAor1 = 203 pts (11/21->1/7, 741->944)

wave2orB = 140 pts (1/7->1/20, 944->804)

wave3orC = 203 pts (1/20->?, 804-1007)

A=C and stops at an important zero degree line as shown on the chart at the previous (pre-election day) spx1007.

this should happen quickly, as i expect waveC to be a fiver and we are just finishing wave2 of that fiver.

comments? confirmations?

From Merriman - worth noting!

The Mercury retrograde period ends this weekend, February 1. However, it may take all of this week before markets return to more normal technical conditions, especially given that the Employment and Payroll reports will come out Friday, February 5.

From January 22 through February 5, Venus will first conjunct Uranus (January 22), then form an opposition to Saturn (January 24), and finally a square to Pluto (February 5)…. Thus these markets either reverse in this time band (January 23-26), or else they break down and enter a “panic” phase, which has been the pattern with these translation periods in about 80% of cases in the past year.”

This week is important. Will the lows of January 23-26 hold? Or will they break and be followed by yet another panic?

http://www.stariq.com/MarketWeek.HTM

Bottom line, if we break last week's low - we should enter panic phase - however on the otherhand, Mercury retrograde screws up bears and bulls - also, 2nd passage of Saturn-Uranus. Your guess is as good as mine...LOL!..But I'm managing my risk and taking this week off unless we break those lows and then it will get my attention again. I guess I just don't like how it feels to get b*tch slapped! LOL!

Warmest regards, Dan..
Irene

tm: what jumps out at me is that mercury goes direct on 2/1 sunday. so, monday should be unusually important as an indicator of the direction for days and weeks, because the frenetic little fellow will be trending. thanks for the info! H1 p.s. worth noting: 11/21->1/7 = lucas 47 cds the 1.618 Time Extension hits Astro 2/5 ... hmmmm. conclusion: Astro 2/5 will be a key turn date; note that kimston (and others?) have noted 2/5 here NOT using Astro .... hmmmm and hmmm . p.p.s. for my dear friend IYB: how would i tie a trade to this gobbledygoock? someone out of the market could buy OR sell 2/5 for a VST trade, depending on which way the market traded INTO it, using their preferred trading style and stop loss. ™

Edited by humble1, 31 January 2009 - 08:39 AM.

The value of your March call options are better tell of this market direction....Just my 2 cents....