4 replies to this topic

[cycletimer]

PAY ATTENTION!
Cycle dates in upcoming weeks, look for significant pivots: Aug 14th (intraday HIGH?), Aug 19th (opening LOW, another Black Monday?). these are cycle dates, the turns in parentheses are probabilities.Aug 14th is CPI and a big directional turn will either be on the close of the 13th or within first hour of 14th (High?)

[cycletimer]

CYCLES UPDATE: in my opinion, Tomorrow 8/14 marks the weekly HIGH, probably with the first one to one and a half hours of trading, then reverses. The LOW in August will be between the 19th and the 22nd, based on my closely calculated cycles. You can’t pick the bottom, but you can get awfully close, pay c
One attention to any way oversold RSI in conjunction with a huge spike in the VIX….or, once you tripled and/or quadrupled your put option profits, cash them in and stand aside!

Geo-political events will trigger a massive selloff. Iran? Russia? Chine/Taiwan?

[Douglas]

cycletimer, my system is calling for a turn tomorrow, August 15th, but I do have several interesting cycles that are calling for an event on August 14th.  The most interesting is my 3rd/C wave finder cycle shown below.  The exact resolution of this cycle is today calling for a 3rd or C wave either up or down on Wednesday August 14th, however, this cycle has in the past resolved  +/- 1 days which covers August 13th thru the 15th, so the pretty big 400 point range on Tuesday the 13th may satisfy it (see EWave count below the cycle plot) or maybe we will see an even bigger range move on Wednesday or Thursday.  I'm not sure exactly where it will resolve this time, but maybe the 14th.  A surprise hot or very cool CPI number could easily be the driver of a big move.  I'll have my popcorn and drinkie ready to watch the CPI report and the market's response.

 

 

 

The count below does show a "c" wave is forming so the cycle is working, but it is not clear at all if the "c" wave is done or has more on the upside.  If the market gets smashed on Wednesday the 14th, that would also be a "C" wave just of one higher degree.  Either way the cycle is on target.  Nice how that works out, isn't it.

 

Regards,

Douglas

 

[cycletimer]

Our cycles haven't turned the market down. My put options are down a whopping 70%!  I plan to add at the close today, along with the sale of some call credit spreads.  I'm still confident of a large turn next week, LOW?

[12SPX]

Selling puts still way out of the money such as the 4500 put for $56 was amazing this past cycle and I've already been selling calls for the September cycle as I go by the traditional 3rd Friday expiration's still that I have been doing since 1988.  I to think volatility is here to stay for awhile so next week will be interesting.