that the USA doesn't build anything anymore. The USA does indeed
build a whole lot of stuff, just not the 90+% it used to build. I
don't recall the actual number shown recently but it was still over
50%.
in reference to today's market is that the market is due one
heck of a sell off NOW before the next leg up to SPY 125....lots of
massive moves and volatility straight ahead with the bias to the
upside for a couple months.v
macd 8 ema crossed then whipsawed as it can do from time to
time. However it has turned back down to a sell again today...right
in line with the SPY system....seems like a good confirmation to
me!
the most common retracement for a B wave is any where
between 50%-78.6%. That being said, that range is still only
good 75% of the time meaning that 25% of the time it is shallower
or even deeper.
Suggesting caution as the SPX may be in a larger declining
bullish wedge than thought.
McHugh said,
"Wave iv may have been a truncated Flat 3-3-5 pattern,
topping September 1st, which means wave v-down is forming a
Declining Bullish Wedge, the rally the past two days being wave
d-up. Next would be wave e-down which could be a plunge."
Another source suggests something similar if not actually a
wedge:
"The alternative count I have placed back on the chart is the
count we have been mulling about for the last two weeks, wherein we
would have a larger 3 wave move down for the 3
rdwave, and this would now be considered the 4
thwave up. The reason this becomes a very strong
possibility is because we can easily count it as a 3 wave move
wherein the a-wave is equal to the c-wave, and it also comes up
exactly to the top of the declining channel.
This would be a VERY bearish scenario if it plays out, and could
take us into the 1010 region by ... end of month..."
But I wanna know how can i get paid for saying the market can go
up OR it might go down?
Saw this posted on another {free} blog:
"Wave iv may have been a truncated Flat 3-3-5 pattern, topping
September 1st, which means wave v-down is forming a Declining
Bullish Wedge, the rally the past two days being wave d-up. Next
would be wave e-down which could be a plunge.
Once v-down finishes, a multi-month rally should unfold. Wave
v-down should bottom this month, by mid to late October, 2011. The
alternate possibility is wave v-down bottomed yesterday, Tuesday,
however for that to be the case we need to see prices break out
decisively above the upper boundary of the declining trend-channel
from September 1st, 2011, above 11,250 in the Dow and above 1,165
in the S&P 500 for confirmation."
ok so much for this going like the 29-30...Looks like we got us
a blast off the bottom. and the signal caught it early enough, IF
one would act on it.
Kinda surprised we didnt get a SPY system buy yesterday as it
seems it can get us in usually the day before the bottom, or maybe
that is just the way I like to think of it?
as an early warning signal, it shifted to a buy earlier today,
as the histogram went above the 8ema....however as I believe this
is a wave 4, I am willing to look for the lower low and a possible
whipsaw on this indicator before the week is out...however it has
me alerted a bottom is in or very near at hand....
Look at how it acted Sept 29-30. that is what I think may
happen here...only to the downside
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The community is delayed by three days for non registered users.
Market at tipping point?
Posted by perthx on 26th of Oct 2011 at 12:40 pm
http://www.safehaven.com/article/23065/technical-tipping-point-near-at-hand
fwiw, Ben Stein has become a hack, imo. Saw him arguing FOR Obama policies on Fox the other week...are you kidding me?
outdated in only minutes
SPX 5 with Fibs
Posted by perthx on 18th of Oct 2011 at 09:57 am
when the market wants to mess, it does so!!
you make me feel stupid
3rd time the charm?
Posted by perthx on 14th of Oct 2011 at 04:16 pm
because 90% of the time after studying your charts I still have no idea what you are trying to convey.
common misconception
Posted by perthx on 14th of Oct 2011 at 11:32 am
that the USA doesn't build anything anymore. The USA does indeed build a whole lot of stuff, just not the 90+% it used to build. I don't recall the actual number shown recently but it was still over 50%.
But doesn't much change the point you make.
well the way I see 2008
One of the members pointed out the similarity to 2008 ...
Posted by perthx on 10th of Oct 2011 at 03:28 pm
in reference to today's market is that the market is due one heck of a sell off NOW before the next leg up to SPY 125....lots of massive moves and volatility straight ahead with the bias to the upside for a couple months.v
macd 8 ema crossed then
8 ema crossover
Posted by perthx on 10th of Oct 2011 at 03:25 pm
macd 8 ema crossed then whipsawed as it can do from time to time. However it has turned back down to a sell again today...right in line with the SPY system....seems like a good confirmation to me!
if a B wave is next...
5 min SPX comments
Posted by perthx on 10th of Oct 2011 at 03:23 pm
the most common retracement for a B wave is any where between 50%-78.6%. That being said, that range is still only good 75% of the time meaning that 25% of the time it is shallower or even deeper.
crossed under
8 ema crossover
Posted by perthx on 7th of Oct 2011 at 11:57 am
The mod macd just crossed under the 8 ema suggesting a significant pullback may be starting
talk about yer neg divergences
volume tick spike.... see if they can hold it ...
Posted by perthx on 6th of Oct 2011 at 03:46 pm
wowser
2 small dips under 80
5 min SPX
Posted by perthx on 6th of Oct 2011 at 03:45 pm
for that 60 period sto wow, talk about holding up....does this have any implications as to the strength of the decline when it finally comes?
watch that 8 ema vs histogram
8 ema crossover
Posted by perthx on 6th of Oct 2011 at 03:42 pm
the modified macd is close to giving a sell signal, as early as tomorrow morning!!
more than just McHugh now
Posted by perthx on 6th of Oct 2011 at 02:01 pm
Suggesting caution as the SPX may be in a larger declining bullish wedge than thought.
McHugh said,
"Wave iv may have been a truncated Flat 3-3-5 pattern, topping September 1st, which means wave v-down is forming a Declining Bullish Wedge, the rally the past two days being wave d-up. Next would be wave e-down which could be a plunge."
Another source suggests something similar if not actually a wedge:
"The alternative count I have placed back on the chart is the count we have been mulling about for the last two weeks, wherein we would have a larger 3 wave move down for the 3 rdwave, and this would now be considered the 4 thwave up. The reason this becomes a very strong possibility is because we can easily count it as a 3 wave move wherein the a-wave is equal to the c-wave, and it also comes up exactly to the top of the declining channel.
This would be a VERY bearish scenario if it plays out, and could take us into the 1010 region by ... end of month..."
and the 5 min 60 sto
SPX 5 Minute with Pivots
Posted by perthx on 6th of Oct 2011 at 09:43 am
keeps sliding along above 60...gonna break soon enough. been up there over a day now.
5000 protestor and
This is getting pretty big....
Posted by perthx on 6th of Oct 2011 at 09:36 am
mostly not from NYC, but from all over...once the cold weather really hits they will scatter like rats
McHugh is hillarious
Posted by perthx on 5th of Oct 2011 at 03:49 pm
But I wanna know how can i get paid for saying the market can go up OR it might go down?
Saw this posted on another {free} blog:
"Wave iv may have been a truncated Flat 3-3-5 pattern, topping September 1st, which means wave v-down is forming a Declining Bullish Wedge, the rally the past two days being wave d-up. Next would be wave e-down which could be a plunge.
Once v-down finishes, a multi-month rally should unfold. Wave v-down should bottom this month, by mid to late October, 2011. The alternate possibility is wave v-down bottomed yesterday, Tuesday, however for that to be the case we need to see prices break out decisively above the upper boundary of the declining trend-channel from September 1st, 2011, above 11,250 in the Dow and above 1,165 in the S&P 500 for confirmation."
the histogram went positive
8 ema crossover
Posted by perthx on 5th of Oct 2011 at 12:22 pm
so there ya go, confirmation. I am still worried about a lower low whipsawing this move.
markets getting ready to TUMBLE??
SPX 1 Possible Rising Wedge
Posted by perthx on 5th of Oct 2011 at 10:55 am
looking a LOT like that rising wedge is a wicked bear flag too. Or not, probably just going to go higher now to make a proper trend change look real.
yes , sorry
8 ema crossover
Posted by perthx on 5th of Oct 2011 at 09:35 am
I did mean August 29-30 where it looks like there was the slightest of whips.
whoosh
8 ema crossover
Posted by perthx on 4th of Oct 2011 at 09:37 pm
ok so much for this going like the 29-30...Looks like we got us a blast off the bottom. and the signal caught it early enough, IF one would act on it.
Kinda surprised we didnt get a SPY system buy yesterday as it seems it can get us in usually the day before the bottom, or maybe that is just the way I like to think of it?
8 ema crossover
Posted by perthx on 4th of Oct 2011 at 02:20 pm
as an early warning signal, it shifted to a buy earlier today, as the histogram went above the 8ema....however as I believe this is a wave 4, I am willing to look for the lower low and a possible whipsaw on this indicator before the week is out...however it has me alerted a bottom is in or very near at hand....
Look at how it acted Sept 29-30. that is what I think may happen here...only to the downside