21 replies to this topic

[blustar]

I made a goof on my dates thinking next Monday was prez day, ok, I have the bisector low due on Feb 14 and they usually run 7 TD's from the low and that would be WED not today...hmmm may have to rethink the dates and see if WED is the low.

[blustar]

This bear flag that is being put in on the 5 and 10 min chart (molecular/atomic level) gives me more reason to believe we don't bottom until tomorrow. That could put the wave one rally terminus out until Monday next week for the top, even though the ideal Gann combo top is due Friday.

[SemiBizz]

This is a parade of clowns today... Leadership stocks sucking wind big time...

[blustar]

Yep, confirmed it , the low is not until Wed Feb 5 near SPY 173.60

New Chart

[blustar]

This is a parade of clowns today...

Leadership stocks sucking wind big time...

That is because today's rally is part of a w-x-y 'b' wave bearish flat buying orgy, the public is buying this today and we have one more throw down left, but for all intents and purposes we are there. SPY 173.60 is where I'm keying on for tomorrow. This should set up a nice set of divergences, especially on the hourly and 2 hr charts. The 4 hr is already diverging on the stoch, but the daily is not.

[SemiBizz]

Yep, confirmed it , the low is not until Wed Feb 5 near SPY 173.60

New Chart

I'm looking for 165 on that dog.

169 test first.

[blustar]

Yep, confirmed it , the low is not until Wed Feb 5 near SPY 173.60

New Chart

I'm looking for 165 on that dog.

169 test first.

My wave/cycle system is saying we are almost at a ST bottom and a nice rally is almost on the way. SPY 175/60 test Wed, SPY 179.20 by Fri, SPY 180.60 by Monday and even higher into late Feb (around OPEX) and early March to the upper 189.00 + area. I don't see the SPY 169.00 area being tested until the Spring Equinox and then higher prices from that test into April. By the June lows I believe we the upper 1400's tested

[blustar]

I meant SPY 173.60 test for Wed

[SemiBizz]

GS is holding that 10% decline. I think market is going to follow it. That will put SPX at 1665. Until GS breaks back over 167, I am a BEAR.

[einscodek]

I think most longs are underestimating the potential of this decline.. Though its only broken one of my watch levels, its a parabolic one and it may be much more serious than most yall think.. Dont let the algos steal yer money