Most of you seem to think we are going lower

For if the sp cash goes above 1296 . well above 1309 it takes off and most likey will not look back . As for aapl been buying may 355 today . so I am long 200% sp sept 130 hon june 60 and aapl may 355 calls and started buying gs calls still long japan calls from 8300 and puts on vxx as well as long calls on copper for the last four days . FOR THE RECORD IWILL NOT PLACE ANY STOPS .A FEW WEEKS BACK I wrote you would see 1260 before 1360 , based on my fib and sprial work for oil gold silver and stock .Well based of these same cycles we will see 1423 to 1455 before we see 1200 . enjoy your weekend and I hope someone quess as how I came up with the target on VIX AT 31.37 HIGH WAS 31.26 Best Of Trades !! the top isnt in !!!! simple 10 LOT IS 50% I AM LONG 60 spy 130 sept call ang 6.40 june 60 hon call at 1.12 40 lot gs 20 lot at 8.20 japan etf at 9.2 10 lot and aapl calls for 355 20 lot . the reason no stop I dont use margin if I get jammed I Calendar spread on the trade with 30 days if need be , but there is little to keep the market from going to where it is intended to go , which is at least into 1423 to 1455 based on e wave and cycle work , what I have been seeing of the some is that you think the market has just started a bear market , what I had forcasted was a bear phase aka mini crash into this time window , and has I see the historical models I keep are into the levels of major advances from 176 to 300 sp pt moves up remember bull markets end with the highest level of bullish based on nonconfirmation on a/d live as well as 20 to 35 days of high call buying the level of margin has dropped back to nowhere near top , most of what I do is complex for most traders as to how I project time and price as well as fib and spiral turns . I am still looking for someone here on this board to tell me how did I come up with vix target 31.36 high 31.26 or the aapl tagets of 363 and 326 . it is simple for e wave people . As for the U.S MARKET WE held up in terms of price rather well next to the rest of the world . As for the yen it top and possible long term as for gold silver and oil cycles are in the window of its top but can build a top phase before they crash back into lows 2 yrs back the low in metals will not be till summer of 2013 oil will be back under 59 to 47 before year end and the dow and sp will be back near 640 yes 640 in spring 2013 . good week end and come on guys the vix its right in front of you

Edited by Wavetimer, 18 March 2011 - 11:19 PM.

For if the sp cash goes above 1296 . well above 1309 it takes off and most likey will not look back . As for aapl been buying may 355 today . so I am long 200% sp sept 130 hon june 60 and aapl may 355 calls and started buying gs calls still long japan calls from 8300 and puts on vxx as well as long calls on copper for the last four days . FOR THE RECORD IWILL NOT PLACE ANY STOPS .A FEW WEEKS BACK I wrote you would see 1260 before 1360 , based on my fob and sprial work for oil gold silver and stock .Well based of these same cycles we will see 1423 to 1455 before we see 1200 . enjoy your weekend and I hope someone quess as how I came up with the target on VIX AT 31.37 HIGH WAS 31.26 Best Of Trades !! the top isnt in !!!!

What does it mean to be 200-300% long options? Why were you starting your long operations at 1315 when you thought 1260 would be seen before 1360? When you say no stops with a 300% position are you saying you are willing to lose your whole account on this trade? BTW, I do believe the primary trend is on your side so good luck

Something happened this week that might alter your outlook. Stocks and commodities will be reacting to it. I suggest you take a thorough look under the hood of the currency crosses. In particular... $Yen and US$/CHF. Until I assess those, and that process will start tomorrow after all the markets close... I am officially neutral. In the final analysis, the currencies are going to determine the future of the things you buy with it. Not the other way around.

I think there is HUGE pressure on the bulls to perform for the next 9 trading days which will mark the end of the quarter and quarterly closing candlestick... They HAVE to close above 1294 during the next 9 trading days other wise you can stick a fork in it IMO. if they close the month near 1257 then there will be a massive quarterly gravestone doji which will end up killing the bull...

Edited by tradesurfer, 18 March 2011 - 05:33 PM.

Oh, we are going lower. And as for a stop, I haven't needed one-but it would have been quite prudent of you to take your own advise=you are underwater, on margin......sigh

Only a complex wave can screw all of us up so much... So I think we head lower, not below the last low for b down, then higher to finish wave c up of 4 to 130x Then we go lower to a lower low... # of puts piled on today suggests gap up on monday FWIW.

Apple is toast here...

It failed to touch it's upper BB on last rally.
There is a double top confirmed by a $340 breakdown which occurred on volume.
The channel has been busted
By the looks of the inside days, I would say it's consolidating for another thrust downward to $320-$325
Did I mention it underperformed the Q's today?

At least it's oversold, but now it's in a downtrend, so there isn't much reason to add longs here... Don't forget the lingering health concerns of Steve jobs

Don't worry though, Spring sunshine is just around the corner.

Edited by orange, 18 March 2011 - 06:00 PM.

I think there is HUGE pressure on the bulls to perform for the next 9 trading days which will mark the end of the quarter and quarterly closing candlestick...

They HAVE to close above 1294 during the next 9 trading days other wise you can stick a fork in it IMO.

if they close the month near 1257 then there will be a massive quarterly gravestone doji which will end up killing the bull...

Bull market corrections are sharp but don't last long. We have new highs coming after this.
I'll take a 25% drawdown on my 401k and expect to get most if not all of it back before
the bull is done.

Apple is toast here...

It failed to touch it's upper BB on last rally.
There is a double top confirmed by a $340 breakdown which occurred on volume.
The channel has been busted
By the looks of the inside days, I would say it's consolidating for another thrust downward to $320-$325
Did I mention it underperformed the Q's today?

At least it's oversold, but now it's in a downtrend, so there isn't much reason to add longs here... Don't forget the lingering health concerns of Steve jobs

Don't worry though, Spring sunshine is just around the corner.

Everything you say make a lot of technical sense (and thanks for the observations), but if the market can find a bottom here, I suspect AAPL goes into a high-level trading range from maybe 325 or so (see your CCI, oversold and having trouble pushing it any lower) back on up to the highs. And if the Verizon IPhone is as big as previous IPhone rollouts and the latest IPad comes in big, and if a rising market kicks in...well, it could very well be less toast and more jam in the end.

That's all just a guess on my part at this point so take it or leave it.

P.S. And yes, Steve Jobs' health is always a worry.

Good luck to you.

Bull market corrections are sharp but don't last long.

That has been my observation also for many years of watching the markets.
However this market recently had sharp corrections and sharp rallies. So it feels like
a indecisive market.