For the past week I’ve been looking at the 1170 level on the
S&P 500 as support. Yesterday the market tapped on that level
once again and this morning is gapping up above it. It is possible
that the market will bounce off of it and get back above 1200. If
it does though I’d be very wary of such a rally and worry that it
would lead to a big-ger topping formation – which would mean an
even bigger correction later.
The best thing the market could do is to break the 1170 level.
That would make the correction pick up steam and flush out the weak
hands by bringing a panic bottom – which would lead to a stronger
and much more long lasting rally.
HalfPastHuman.com should get a credit for their right
prediction regarding the cycle high on nov 11 see my
post from oct27. The low according to jaywiz chart is
nov30
Nov 18th may be a major high for the long term, if
there is no longer accumulation from the hedge funds like we've
seen in previous weeks who seemed to have been supporting the
market.
Some of his calls were bad like us dollar, he also predicted few
month ago that market will go down and it went up instead,but his
call on gold was righ. He also shows that natural gas did not
finish going down.
Atilla was calling shorts when market was
rising.Many lost money with him because of
his inaccurate tops. Better do your own research. Some of
EW's mention that top of B in around 1230, but meanwhile we
can go down few points before up.
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I added Parabolic SAR 0.078,0.18
TBT & AIG
Posted by thermo on 4th of Jan 2011 at 03:23 pm
I added Parabolic SAR 0.078,0.18 for extra confirmation to your chart it is still shows up (thanks for chart),Helps to eliminate some whipsaws
When media ignores then the
$Indu5, neg divergence on MACD,RSI & STO
Posted by thermo on 23rd of Dec 2010 at 12:17 pm
When media ignores then the signal is more reliable, meaning careful with longs
Hi,just checked $XEU on 1min
Stockcharts question during Europe
Posted by thermo on 7th of Dec 2010 at 04:26 pm
Hi,just checked $XEU on 1min it stopped updating at 4pm , but I don't have the real time, only BATS
nice shooting star on daily
SPX Gap
Posted by thermo on 7th of Dec 2010 at 04:12 pm
nice shooting star on daily SPX
KorHarmonics indicator on MT4 showed bearish
gold
Posted by thermo on 7th of Dec 2010 at 03:38 pm
KorHarmonics indicator on MT4 showed bearish butterfly on Gold (the end was yesterday evening . well it worked out )
I mean in SPX
MRVL---
Posted by thermo on 7th of Dec 2010 at 03:32 pm
I mean in SPX
we will go down till
MRVL---
Posted by thermo on 7th of Dec 2010 at 03:30 pm
we will go down till end of the week
maybe my puts will work
wow
Posted by thermo on 7th of Dec 2010 at 03:01 pm
maybe my puts will work out
wow
Posted by thermo on 7th of Dec 2010 at 03:00 pm
From Mike Swanson
Posted by thermo on 1st of Dec 2010 at 07:09 pm
For the past week I’ve been looking at the 1170 level on the S&P 500 as support. Yesterday the market tapped on that level once again and this morning is gapping up above it. It is possible that the market will bounce off of it and get back above 1200. If it does though I’d be very wary of such a rally and worry that it would lead to a big-ger topping formation – which would mean an even bigger correction later.
The best thing the market could do is to break the 1170 level. That would make the correction pick up steam and flush out the weak hands by bringing a panic bottom – which would lead to a stronger and much more long lasting rally.
well I dipped in puts,
USO 60min shooting star
Posted by thermo on 1st of Dec 2010 at 03:17 pm
well I dipped in puts, The market max another 25points up. maybe tomorrow
next week probably down. Don't see Santa Claus rally yet
USO 60min shooting star
Posted by thermo on 1st of Dec 2010 at 02:36 pm
also negative divergence with RSI and MACD
uranium letter from mahendra
Posted by thermo on 26th of Nov 2010 at 01:02 am
http://www.mahendraprophecy.com/userfiles/files/uranium_letter_-_november_2010.pdf
http://wsf.typepad.com/wall-street-forecaster/2010/10/cycle-inversion.html
Today is a cycle day
Posted by thermo on 23rd of Nov 2010 at 09:54 pm
http://wsf.typepad.com/wall-street-forecaster/2010/10/cycle-inversion.html
Funny, that you repeat their
Today is a cycle day
Posted by thermo on 23rd of Nov 2010 at 03:48 pm
Funny, that you repeat their prediction that was mentioned in oct 27 and you never heard about them.
HalfPastHuman.com should get a credit for
Today is a cycle day
Posted by thermo on 23rd of Nov 2010 at 03:05 pm
HalfPastHuman.com should get a credit for their right prediction regarding the cycle high on nov 11 see my post from oct27. The low according to jaywiz chart is nov30
the same pattern could be developing that preceded the May drop.
Posted by thermo on 23rd of Nov 2010 at 01:36 pm
the same pattern could be developing that preceded the May drop.
http://www.stocktiming.com/Tuesday-DailyMarketUpdate.htm
Nov 18th may be a major high for the long term, if there is no longer accumulation from the hedge funds like we've seen in previous weeks who seemed to have been supporting the market.
Some of his calls were
Posted by thermo on 22nd of Nov 2010 at 08:03 pm
Some of his calls were bad like us dollar, he also predicted few month ago that market will go down and it went up instead,but his call on gold was righ. He also shows that natural gas did not finish going down.
Atilla was calling shorts when
spx going to 1350 - as noted on xtrends by atilla
Posted by thermo on 18th of Nov 2010 at 09:27 pm
Atilla was calling shorts when market was rising.Many lost money with him because of his inaccurate tops. Better do your own research. Some of EW's mention that top of B in around 1230, but meanwhile we can go down few points before up.
energy graph from Jaywhiz
Posted by thermo on 18th of Nov 2010 at 04:31 pm
http://4.bp.blogspot.com/_tOEUlOjbtCU/TOKEtLIH__I/AAAAAAAAB5c/MlMELmEk7e4/s1600/Nov%2B2010%2BEnergy.PNG