Any corrections here...

will more than likely hold above the recent 20-week lows i.e 12/09 lows at SPX 1085. As i posted a couple of days back, the 20-week cycle top is due end of Jan, which should kick start the correction into the 9 month lows in March. The higher we top here, the higher those 9 month lows will occur. The logic is simple. It is very unlikely that a new downtrend will start without a negatively diverging A/D line. Breaking below prior 20 week lows will kick start a new downtrend. In other words, the recent 20 week lows should not be broken based on the current A/D line configuration, if history is any guide. So it will be many more months before any IT top will A/D divergence can occur. I don't have any price or time targets, but will dynamically deal with it as it comes. ST i expect SPX 1165 to be tagged within a week. The big kahuna declines that the bears are talking about may not come for a while. We shall see....

Edited by NAV, 14 January 2010 - 12:22 PM.

Also, i will not be posting my trades here for a while. In this low volatile enviroment, i do just too many trades. Will just post some important swing turns. Good trading all !

Edited by NAV, 14 January 2010 - 12:30 PM.

Also, i will not be posting my trades here for a while. In this low volatile enviroment, i do just too many trades. Will just post some important swing turns. Good trading all !

Thanks NAV...ahh, yes...most are being reduced to scalping, its pretty much all there is. Soon we will all be HFT for pennies! Good scalping!

Also, i will not be posting my trades here for a while. In this low volatile enviroment, i do just too many trades. Will just post some important swing turns. Good trading all !

Thanks NAV...ahh, yes...most are being reduced to scalping, its pretty much all there is. Soon we will all be HFT for pennies! Good scalping!

Also, i will not be posting my trades here for a while. In this low volatile enviroment, i do just too many trades. Will just post some important swing turns. Good trading all !

awwww...C'mon MAAN!

I got wave one up from the march 8 low of 666 to 954 in june

wave two stopped at 868 in july

wave three which is still in progress and currently at 1146

the next sell off would be wave 4

and then the final assault would be wave 5 that sets up the divergences

what do you think of that count...

does my count hold water....mrs Vito?

count like most other TA look awesome after the fact...

Also, i will not be posting my trades here for a while. In this low volatile enviroment, i do just too many trades. Will just post some important swing turns. Good trading all !

Thanks NAV...ahh, yes...most are being reduced to scalping, its pretty much all there is. Soon we will all be HFT for pennies! Good scalping!

For me it is now called VLFT.

Also, i will not be posting my trades here for a while. In this low volatile enviroment, i do just too many trades. Will just post some important swing turns. Good trading all !

awwww...C'mon MAAN!

I got wave one up from the march 8 low of 666 to 954 in june

wave two stopped at 868 in july

wave three which is still in progress and currently at 1146

the next sell off would be wave 4

and then the final assault would be wave 5 that sets up the divergences

what do you think of that count...

does my count hold water....mrs Vito?

Instead of calling your count as 1-2-3-4-5, let's call it (a-b-c)-X-(a-b-c)-X-(a-b-c), which would satisy the non-impulsive nature of this rally, although structurally what you are counting and my count would look the same. The decline into July lows was 77 points. Assuming we rally to 1165 and selloff 77 points in what you label as wave 4 (my wave X), we should still hold around SPX 1188, above the dubai panic lows. Then your wave 5 (my a-b-c) to setup the divergence. Yes, makes sense.

Edited by NAV, 14 January 2010 - 01:31 PM.

Also, i will not be posting my trades here for a while. In this low volatile enviroment, i do just too many trades. Will just post some important swing turns. Good trading all !

awwww...C'mon MAAN!

I got wave one up from the march 8 low of 666 to 954 in june

wave two stopped at 868 in july

wave three which is still in progress and currently at 1146

the next sell off would be wave 4

and then the final assault would be wave 5 that sets up the divergences

what do you think of that count...

does my count hold water....mrs Vito?

Instead of calling your count as 1-2-3-4-5, let's call it (a-b-c)-X-(a-b-c)-X-(a-b-c), which would satisy the non-impulsive nature of this rally, although structurally what you are counting and my count would look the same. The decline into July lows was 77 points. Assuming we rally to 1165 and selloff 77 points in what you label as wave 4 (my wave X), we should still hold around SPX 1188, above the dubai panic lows. Then your wave 5 (my a-b-c) to setup the divergence. Yes, makes sense.

BTW, forgot to add that SPX 1165 is the measured move objective given by the recent horizontal channel breakout. It also happens to be the wave A = wave C objective from the Nov lows. A clear move above 1165 would mean the market is headed to the SPX 1220+ levels i.e the wave A * 1.618 objective. Given all the confident bearish bets that we are seeing, it's woudn't be a surprise if it occurs. So essentially, your wave 4 could potentially start from SPX 1165 or 1220+ levels. Above 1165, it would be a blowoff move. Folks have been calling the choppy crap so far as blowoff. They will see the real one, in case we move above 1165.

with key earnings and expo tomorrow, the question is, will SPX be at your 1165 tomorrow...or 1130? one should happen.