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
chanakya
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
08
Aug2009
OEX traders have a tendency to call tops with accuracy when they are pouring about twice as much money into calls as puts, which is the case right now:OEX $-weighted put/call @ Fri Aug 7 16:30:00 2009: 0.49 (calls: $15,450,700; puts: $7,602,179).QQQ $-weighted put/call @ Fri Aug 7 16:20:00 2009: 1.31 (calls: $5,731,420; puts: $7,532,570).Dollar volume ... Read More
August 8, 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
07
Aug2009
Unemployment numbers was bullish for the markets.
The Bears are getting seriously whipped.
The Master Cycle (MC) was suggesting that after a short term 8/5 Low, the next day should Gap up, that day is today, as 8/6 was the Low (+1 TD).
The MC suggests we will close off our Highs today, ... Read More
August 7, 2009chanakya
03
Aug2009
Well folks, good to be back! And I am glad I wasn't around the last 2 weeks or so, for Smartp has been off by -25ES points and the 7/23 CIT was like antlers on a donkey So right now the model is under price duress - something that happens ... Read More
August 3, 2009chanakya
03
Aug2009
The weekly NDX continuous Chart has a Cluster of TL and 50% Resistance at1635-45.
If the markets can overcome this 1645 area, it would be very bullish longer Term, but for now it is a Brick wall MOB resistance.
The red DTL comes in at the 1645 area and is from the All ... Read More
August 3, 2009chanakya
02
Aug2009
When the books have been written on 2009, the prevailing story will undoubtedly be one of lost opportunity. Countless numbers of investors caught up in the tangled web of pessimistic headlines failed to pull the trigger on what is turning out to be one of the best ... Read More
August 2, 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
27
Jul2009
One of the most talked about themes of the past few weeks was the supposedly bearish “head and shoulders” pattern in the daily chart of the S&P 500 Index. The financial press drew investors’ attention to this pattern in the most alarmist tones they could muster. ... Read More
July 27, 2009chanakya