There has been plenty of top calling from many respected analysts and Traders as many recognizes the RSI bearish divergence and rising wedge patterns.Yet the market seems to defy gravity once again and keeps making new yearly highs.I have mentioned a couple of months ago, that the Master cycle suggests, ... Read More
Tag: Time and cycles
28
Sep2009
My guess was that major retracement tops seldom happen at a well known Fib level since it would be too easy as too many watch these levels.Checking the data confirmed my suspicions, since the three biggest drops and retracements of the Century all stopped between well-known Fib levels, and therefore ... Read More
September 28, 2009chanakya
13
Sep2009
LAST WEEK'S REVIEW
- CIT wise the momentum was up and it proved accurate
- Price projection wise the expectation was to reach 1054.5 and the actual was 1048.18
PREFERRED SCENARIO
- Generally speaking a tepid week with an upward bias. Remember once again those bearish on markets were fried for the ESU9 contract ... Read More
September 13, 2009chanakya
30
Aug2009
Based on the EWT count below, I am viewing 8/31-9/4 down series as an important tell for market direction as the July 12th wave seems to have ended on Friday, 8/28/09 or will end at market open on Monday, 8/31/09.
Preferred View
- 8/27-28 was a perfect hit low, into new highs ... Read More
August 30, 2009chanakya
12
Aug2009
I am on vacation, but thought this was important enough to post now.
The MC was expecting a higher Low on 8/11 with the 8/6 Low, we got that, although it was more like a retest Low.
Today and tomorrow, 8/12 and 8/13 are expected to be solid days UP. 8/13 is ... Read More
August 12, 2009chanakya
11
Aug2009
Most of the details I have already posted on the blog.http://jaywiz.blogspot.comAstro55-110-81 tr days TOMORROWAug11thElliott wave progression off the spx 1018 topUsing the 40 pt rule of thumb1018 = 148 pt gain1018- 40 = 978 first support zone you can do the math is that is broken this weekBUT NEXT is even ... Read More
August 11, 2009chanakya
09
Aug2009
Recap from 8/3/09 Post:
"After the current merry go around between 970-1005 is over (a potential spike on 8/6th (1015-1018)?) – the scenario is increasingly bearish for SPX – I think I can count close to 5 waves up since July Blow-off sans a minor ivth and vth."
- I was off ... Read More
August 9, 2009chanakya
07
Aug2009
SPX 667-1018 is on Cardinal Cross. 1018 is 0.382 of 1576-666 range.
The turquoise colored boxes run north/south and east/west thru thru the center of the square. These are called the CardinalCrosses. The green colored boxes run on diagonals thru the center and are called the Ordinal Crosses. These are classic points of ... Read More
August 7, 2009chanakya
28
Jul2009
The weekly SPX closed on its Highs last week. It has double Channel Resistance at 985 SPX. An Inverse H&S Bottom was triggered with the move above 960 SPX and suggests much higher prices. The regular 35 week cycle was due in the past week. We should be close to ... Read More
July 28, 2009chanakya
29
Jun2009
by RajaCar » Mon Jun 29, 2009 1:28 pm
http://timeandcycles.blogspot.com/
The Master Cycle (MC) is a Vedic based series of Cycle predicting Highs and Lows.
There are currently 2 series I am watching:
1. Major Cycle: 5/8H, 5/21L, 6/2H, 6/11L, 6/17L, 6/25L, strong rally in July to new Highs...
Actual: 5/8H, 5/21L, 6/2H, 6/11H=Inversion!, ... Read More
June 29, 2009chanakya