27 replies to this topic

[andr99]

 

relax 12SPX.....we will go on listening to market top calls for the next year and a half....then when the top calls are over and the last bear has turned bullish, the market will be ready to drop. I have noticed that in the past and it will repeat in the future.

Amen, LOL

 

 

amen.....and so be it, to make it complete. When you do something you have to do it well.  

[q4wer]

awesome,  blu.

[12SPX]

***Let me take a stab at calling a LOW…. I’m projecting a low August 11/14th. That’s a Friday/Monday. I don’t make predictions for the extent of drop like BLUSTAR does. There’s no way of predicting a 10% or 15% drop. Heck, if you’re in a leveraged instrument, even a 5-6% drop (more realistic drop after this big run) will be profitable.
For the record, I was (and still am) long $HDGE & $SDS) coming into today. I also held $QID but exited that midday today. I am not extremely bearish but I am of the belief that we are topping in here. Look for a turn Aug 11/14th.

There you go, now there's a call, as long as you don't flip lol!!  Right or wrong as long as you stick with it I'm cool with that and a -5% drop does make sense.  I'm in agreement as this will be a positive end to this expiration cycle today indicating that August could be very volatile.  Will be interesting to calculate my numbers tonight....

[blustar]

I have had to study hard what is going on this morning. This is what I think may be going on...

 

There is the possibility of a double bottom occurring on Monday July 24 based on the 10/40 TD cycle. The astros are fairly negative this weekend and my indicators are acting squirrelly. The Monday after OPEX is often times down, too. We may get strength toward day's end today though.

 

Still looking for a top late Thursday next week on the SPX...

 

Astros and waves/cycles are pointing to an ideal A Wave low on August 7 down to the 3764/3809 range target, B up on August 10, C down into August 22.

 

 

Brad Gudgeon

Editor,

BluStar Market Insights

[cycletimer]

 

***Let me take a stab at calling a LOW…. I’m projecting a low August 11/14th. That’s a Friday/Monday. I don’t make predictions for the extent of drop like BLUSTAR does. There’s no way of predicting a 10% or 15% drop. Heck, if you’re in a leveraged instrument, even a 5-6% drop (more realistic drop after this big run) will be profitable.
For the record, I was (and still am) long $HDGE & $SDS) coming into today. I also held $QID but exited that midday today. I am not extremely bearish but I am of the belief that we are topping in here. Look for a turn Aug 11/14th.

There you go, now there's a call, as long as you don't flip lol!!  Right or wrong as long as you stick with it I'm cool with that and a -5% drop does make sense.  I'm in agreement as this will be a positive end to this expiration cycle today indicating that August could be very volatile.  Will be interesting to calculate my numbers tonight....

 

Thanks, I’ll stick to it. He says his indicators are acting up and getting squirrelly.  In his defense, I think he suffers from information overload. Blustar focuses on too many things and “Astros” are not something I feel are truly accurate nor even translatable. That’s like trying to predict the future via the Book of Revelations. 
the Bradley indicator is based on Astros and the creator of this indicator really knew his stuff.  I like using traditional indicators which are RSI to locate extreme overbought/oversold conditions. The RSI has proven its reliability time after time. Stochastic are also worthy of my attention. Again, they simply filter what I’m seeing in the cycles, time sequence.

[blustar]

The Book of Revelation (it is Revelation NOT Revelations) is pretty easy once you take the historical context into consideration. The Image of the Beast is the UN, the Beast from the Earth is the Anglo-American Alliance and the 8th head of the Sea Beast is the Shadow Gov't or Banking Cartel. As far as the stock market I was looking for a top Monday and the DJI and NYSE are making a new recovery high. We have a bi-furcated market. I still see a top this week and a crash coming into August.

[blustar]

Getting VST NEG D's here today and what looks like irregular wave action on the DJI. Tuesday should be down this week.

[blustar]

Perhaps we see SPX 4500 Tuesday