Talk is now circulating in financial quarters of a new “mini-bubble” in the making. Apparently the unbounded rise in the stock market is reviving fears of another collapse like the one suffered last year.
Another reason that the “hated rally” has sparked fears is that we’re about a year removed from ... Read More
chanakya
07
Sep2009
Last week, we said that 8/27-28 was a down series with a target of 991 for ESU9. We hit 991 on 9/2/09 and retested it on 9/4/09 at the 1000 level before taking off on rest of the Friday.
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- We also said that the the above down time series ... Read More
September 7, 2009chanakya
02
Sep2009
This is from the T&C Live Chat Room on 8/27/09 at 2:47PM EST when Gold was on the 945-950 bar.
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chanakya wrote:14:47:11 ‹chanakya› don't track gold that much but...it is about to break out to the upside from a year long wedge. measuring (not exact) close to $175, add to 950-960 ... Read More
September 2, 2009chanakya
30
Aug2009
1039 is a valid target for the TOP and that we must hold 1016 for the 1053, 1063, and 1077 targets to be possible this week. Despite the rally this week, the blue Tick line is dropping suggesting that the Full Moon of Sept 4th will be a low.
Back in 2003, ... Read More
August 30, 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.
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- 8/27-28 was a perfect hit low, into new highs ... Read More
August 30, 2009chanakya
22
Aug2009
Here we are again approaching another 10-year cycle peak. The last such peak was in 1999 while the most recent 10-year cycle bottom was in 2004. We wrote extensively on both episodes at the time and the 10-year cycle is one of our favorites. It’s what ... Read More
August 22, 2009chanakya
22
Aug2009
Given the relative weakness in the blue chips, we might see them play catch-up to the broad market and continue higher into a Halloween turning point. This is the alternative scenario (an alternative to a 9th September high).
Under this scenario, we would see a peak above 10,000 on the Dow in ... Read More
August 22, 2009chanakya
14
Aug2009
We seem to be completing 4 Callipic round trips (4 * 19 days, 1 Callipic = 4 * 19 or 4 Metonics), that roughly traces back to the original 2008 crash point - an obvious retrace should follow. Did this as a validation for what I was seeing in Smartp ... Read More
August 14, 2009chanakya
13
Aug2009
When Price, Time and Cycles meet, they give a 90-95% chance of an important Change in Trend (CIT).
8/13-17/09 should be an important swing High. Here is why.
Price: There are 3 Price targets. The broken wedge TL Resistances (back-kiss) on 8/13 are at 1020 and 1028-32 SPX, the latter is also ... Read More
August 13, 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