8 replies to this topic

[dcengr]

Should just head lower into the close.. its not a big drop, but it shows a gap can be maintained.. Says it'll happen tomorrow or monday. Tomorrow being opex, I dunno how that happens, but I'll keep updating the fractal's progress. This only applies to the DJI, not the NDX, which is apparently trying to go to da moon!

[ogm]

To be honest on longer term charts some DOW stocks are starting to show serious weakness, which I don't like. At the same time we have steady 40% trying to catch the mother of all generational tops with admirable persistence. And concerns about fundamentals of all kinds are simply overwhelming. So the market probably can't fall much

Edited by ogm, 18 October 2007 - 09:29 PM.

[gannman]

makes sense this market is el screwdo imo gann

[Drano]

Should just head lower into the close.. its not a big drop, but it shows a gap can be maintained..

Says it'll happen tomorrow or monday. Tomorrow being opex, I dunno how that happens, but I'll keep updating the fractal's progress.

This only applies to the DJI, not the NDX, which is apparently trying to go to da moon!

What about SPX? The "Max pain" number is around 1525, so a gap down tomorrow would be most helpful for those who wrote the calls.

[danzman]

I'm looking for a 3% drop from the highs, so a pullback would be welcome for adding to my long positions. If not, I'll wait Gann...what's screwed about the markets? Nothing new under the sun as they say. Business as usual, and the business of Wall Street is to screw and confuse the little guy...until the litle guy fades away or becomes a big fish in a sea of money. Drano...who cares about options? The big S&P contract is what controls the stock market. Follow the money and it'll SHOW YOU THE MONEY! D

Edited by danzman, 18 October 2007 - 10:58 PM.

[dcengr]

This is that big fractal I was mentioning on 10/12... that the bottom is in 70 trading days (minus whatever days its been). This fractal says there's a gap down and the market just keeps going down, no recoveries, no rallies, nothing. I am following it, and for disclosure purposes, I am currently short, and I am willing to ride this down as long as the downtrend line remains intact (which currently it is). If I had to explain it, my opinion is that this is the 4 year cycle low that many have been trying to top pick for the last year or so.. thus it can get pretty crazy. And yes I know all about seasonality and how bullish its gonna get very soon, and fed coming up and all that. Its crazy, I know. But a few other fractals I'm watching on emerging markets, india/china, etc are all saying the same thing, and sentiment data is matching too, for the moment. I'm just going to keep you all updated as it goes along. I'll post my regular chart stuff here and there, and perhaps if I feel nothing's going to stop this fractal from manifesting, I'll post in detail all the fractal charts that's leading me to believe this.. but at the moment I'm too paranoid about it to share it in public.

[dcengr]

Btw, I have this study that shows 70%+ chance of a 1.5% down day on Qs if the gap down is more than .50 at the open... So far, we ain't there yet, but ES and NQ aren't too healthy. If I see a .50 gap down, and it tries to bounce back to fill the gap, it might be a good time to short with tight stops..

[danzman]

This is that big fractal I was mentioning on 10/12... that the bottom is in 70 trading days (minus whatever days its been).

This fractal says there's a gap down and the market just keeps going down, no recoveries, no rallies, nothing. I am following it, and for disclosure purposes, I am currently short, and I am willing to ride this down as long as the downtrend line remains intact (which currently it is).

If I had to explain it, my opinion is that this is the 4 year cycle low that many have been trying to top pick for the last year or so.. thus it can get pretty crazy.

And yes I know all about seasonality and how bullish its gonna get very soon, and fed coming up and all that. Its crazy, I know.

But a few other fractals I'm watching on emerging markets, india/china, etc are all saying the same thing, and sentiment data is matching too, for the moment.

I'm just going to keep you all updated as it goes along. I'll post my regular chart stuff here and there, and perhaps if I feel nothing's going to stop this fractal from manifesting, I'll post in detail all the fractal charts that's leading me to believe this.. but at the moment I'm too paranoid about it to share it in public.

Fractal...what a joke. what are the odds? Sounds like Fib retracements....they don't work. I can prove that by the way. Good luck.

D

[dcengr]

This is that big fractal I was mentioning on 10/12... that the bottom is in 70 trading days (minus whatever days its been).

This fractal says there's a gap down and the market just keeps going down, no recoveries, no rallies, nothing. I am following it, and for disclosure purposes, I am currently short, and I am willing to ride this down as long as the downtrend line remains intact (which currently it is).

If I had to explain it, my opinion is that this is the 4 year cycle low that many have been trying to top pick for the last year or so.. thus it can get pretty crazy.

And yes I know all about seasonality and how bullish its gonna get very soon, and fed coming up and all that. Its crazy, I know.

But a few other fractals I'm watching on emerging markets, india/china, etc are all saying the same thing, and sentiment data is matching too, for the moment.

I'm just going to keep you all updated as it goes along. I'll post my regular chart stuff here and there, and perhaps if I feel nothing's going to stop this fractal from manifesting, I'll post in detail all the fractal charts that's leading me to believe this.. but at the moment I'm too paranoid about it to share it in public.

Fractal...what a joke. what are the odds? Sounds like Fib retracements....they don't work. I can prove that by the way. Good luck.

D

More like cycles.. do you believe in cycles?