Still Tracking Very Well

I'm surprised at how well, but the point seems to be that you can fine tune yourself right out of a great projection.

http://www.timingpointprojector.com/

No projected lows were taken out, so a trend trader would be long from 09-08-09.

From here, it's reasonable to look for a down-up-down move, but we'll have to see. Still looking higher overall.

Mark

Major indices have also been tracking very closely to a constant 21-day rate-of-change of 2.5-2.7 percent for some time.

Major indices have also been tracking very closely to a constant 21-day rate-of-change of 2.5-2.7 percent for some time.

Yes it seems to reflect the dollar-cost-averaging nature of the Fed money into the spx...something like 100 billion from the Fed is currently roughly equivalent to that monthly increase in the spx during this up phase...which is pretty low by historical standards and reflects the other deflationary forces also at work. In the old days the market would have run like a scalded dog if it ever had these type of injections.

Edited by entre, 21 October 2009 - 10:55 AM.

I'm surprised at how well, but the point seems to be that you can fine tune yourself right out of a great projection.

Mark, do you really expect a re-acceleration from here to the upside?!?

I keep EXPECTING an inversion. I keep SEEING it track. Mark

I keep EXPECTING an inversion. I keep SEEING it track.



Mark

Maybe if we do not break below 1040 it may run to 1200-1220 in winter, but I think this 1080 gap will be closed by early November, I do not think we jumped the creek from the crash gap and an island reversal might as well be brewing underneath...

EDIT: All I am seeing here is we are tracking the first iteration in the blow off #2 scenario very well, I guess we all keep milking the same cow!

EDIT: Especially given how the leadership looks like sheesh...

Edited by arbman, 21 October 2009 - 11:39 AM.

I'm surprised at how well, but the point seems to be that you can fine tune yourself right out of a great projection.

http://www.timingpointprojector.com/

No projected lows were taken out, so a trend trader would be long from 09-08-09.

From here, it's reasonable to look for a down-up-down move, but we'll have to see. Still looking higher overall.

Mark

Bet it inverts right at the big dark blue down bar. and keeps on dropping. Dollar is due for a rocker blast higher any day.