For those who follow him an interesting view of SOX
Every even year, without exception, the semiconductors
put in a two year cycle low. These lows typically lead to a
50%+ gain, in the SOX index, over the next six to seventeen months.
The only exception was during the 2000-2002 bear market. Then the
SOX rallied for two months, rolled over, and re-joined the
general bear market. In June of this year we identified the
two year cycle low, and the SOX index started to surge. After two
months, however, it lost upside monentum and has remained in a
trading range for the past four months. The last time the SOX
displayed this kind of activity, after a two year cycle low, was
during a bear market. This overview suggests we are entering a bear
market.
I stayed long most of the year using about 15 percent of
my earnings on hedges and buying puts. I usually read
the other Elliot Wave once or twice a week. I am about
80 percent in cash right now. I am also
short 1500 APril SPX calls which I got
about 20.00 bucks for . Let the market come and get
me while I take the cash.
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OEW: an Objective approach to the Elliott Wave Theory
Posted by rbreese on 29th of Dec 2012 at 10:45 am
For those who follow him an interesting view of SOX Every even year, without exception, the semiconductors put in a two year cycle low. These lows typically lead to a 50%+ gain, in the SOX index, over the next six to seventeen months. The only exception was during the 2000-2002 bear market. Then the SOX rallied for two months, rolled over, and re-joined the general bear market. In June of this year we identified the two year cycle low, and the SOX index started to surge. After two months, however, it lost upside monentum and has remained in a trading range for the past four months. The last time the SOX displayed this kind of activity, after a two year cycle low, was during a bear market. This overview suggests we are entering a bear market.
is this Tony Caldaro? I
Posted by kalinm on 29th of Dec 2012 at 03:17 pm
is this Tony Caldaro? I think it is. He has been a bull on this market until just about two weeks ago.
kalinm He turned to
Posted by rbreese on 29th of Dec 2012 at 03:20 pm
kalinm He turned to 50/50 bull has ended until this week and now he is even more cautious.
Every even year, without exception,
Posted by randy on 29th of Dec 2012 at 11:47 am
Every even year, without exception, (except for the year it did not). You can't make this stuff up, it is to funny.
'too funny' actually.
Posted by jc68 on 29th of Dec 2012 at 05:30 pm
'too funny' actually.
OEW is actually pretty good.
Posted by zach06 on 30th of Dec 2012 at 06:26 pm
I stayed long most of the year using about 15 percent of my earnings on hedges and buying puts. I usually read the other Elliot Wave once or twice a week. I am about 80 percent in cash right now. I am also short 1500 APril SPX calls which I got about 20.00 bucks for . Let the market come and get me while I take the cash.