Monday marks an 8 day cycle top near 1450 and the next move should take us back to 1400 by Tuesday. Thursday or Friday this week has a target of 1530 with 1210 by August 31. October 9th should see a retest near 1188, with a 10-11% counter trend move into near Sept OPEX.
Confessions of a Former Bull
Started by
blustar
, Aug 20 2007 06:57 AM
2 replies to this topic
#1
blustar
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blustar
Posted 20 August 2007 - 06:57 AM
The normal 48-56 day cycle went to 58 days last week, which means we are in a full fledged bear. I was looking for about a one hundred point rally in 2 days and we got 80 but from a lot lower levels. The wave 'w' irr flat proved itself to the down side and I should have not ignored it to my own shame.
Monday marks an 8 day cycle top near 1450 and the next move should take us back to 1400 by Tuesday. Thursday or Friday this week has a target of 1530 with 1210 by August 31. October 9th should see a retest near 1188, with a 10-11% counter trend move into near Sept OPEX.
Monday marks an 8 day cycle top near 1450 and the next move should take us back to 1400 by Tuesday. Thursday or Friday this week has a target of 1530 with 1210 by August 31. October 9th should see a retest near 1188, with a 10-11% counter trend move into near Sept OPEX.
#2
S.I.M.O.N.
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SIMONForecast
Posted 20 August 2007 - 10:28 AM
did you mean sept 9th/10th?October 9th should see a retest near 1188, with a 10-11% counter trend move into near Sept OPEX.
very interesting forecast
i don't about your price levels, but my work also suggests a decline starting later this week and going into
sept 7th-13th timeframe.
*previously known as pnfwave
#3
youmast
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Posted 20 August 2007 - 12:09 PM
to 1400 by Tuesday. Thursday or Friday this week has a target of 1530 with 1210 by August 31.
You mean 10% up from Tue to Fri this week.... and 20% down over next week? Are you buying straddles on such prediction? Even if they cost 50+ spx point each side, they could make tons of money. That's easy..... double your money on calls first.... then triple your money on puts...
Or I missed something, huh?
