4 replies to this topic

[blustar]

Tomorrow is day 57 from the last 10 week cycle making this a very strange market. My thinking last was that we needed to make a new low on the SPX and then I changed my mind based on the indicators I keep. As it turned out the e-wave analysis was correct. Also, the current e-wave analysis has us rallying hard from Wed to Fri and a target of SPX 1524 or about a one hundred point rally coming. 4Q target 49.70.

I jumped in too soon like I did last week, but still made money last week, a nice option double. This week I may end up making a lot more.

The current e-wave analysis looks for a huge wave 'y' of B of "Z" rally. Bear flag rally w-x-y and we are completing x if my analysis is correct. That implies a bigger irregular flat and after the huge rally more down side and hard downside coming as we enter wave C of "Z" with a target into the low to mid 1300 by, well, Frac Man has been hitting it so nicely, so I'm saying by the day after Labor Day if we follow the 9 year pattern.

[ogm]

Tomorrow is day 57 from the last 10 week cycle making this a very strange market. My thinking last was that we needed to make a new low on the SPX and then I changed my mind based on the indicators I keep. As it turned out the e-wave analysis was correct. Also, the current e-wave analysis has us rallying hard from Wed to Fri and a target of SPX 1524 or about a one hundred point rally coming. 4Q target 49.70.

I jumped in too soon like I did last week, but still made money last week, a nice option double. This week I may end up making a lot more.

The current e-wave analysis looks for a huge wave 'y' of B of "Z" rally. Bear flag rally w-x-y and we are completing x if my analysis is correct. That implies a bigger irregular flat and after the huge rally more down side and hard downside coming as we enter wave C of "Z" with a target into the low to mid 1300 by, well, Frac Man has been hitting it so nicely, so I'm saying by the day after Labor Day if we follow the 9 year pattern.

I honestly think that tomorrow is the kind of day when first curbs kick in and then trading is halted alltoghether.
After that, maybe we'll rally. But I think we'll sell right into OPEX first.

I hope I'm wrong

[IndexTrader]

I don't think there's any way in hell we rally 100 SPX points in the next couple of days. But hey, that's what makes a market. IT

[Russ]

Here's a goody...

[arbman]

I don't think there's any way in hell we rally 100 SPX points in the next couple of days. But hey, that's what makes a market.

IT

Unless the Fed cuts before the open!