Watch the potential ES wedge break to the downside next time around.
If it occurs, it would target 1144 ES in May 2010.
Good luck!
Category: Chanakya
27
Apr2010
chanakya wrote:If the proposed count plays out per anticipation, we are looking at 1105+ by year end and further gains into April 27th, 2010.
This completes the August 2009 forecast
- Interestingly 2009 closed at 1115~
- And to the subs I had given a target of 1200-1300 at that point for April ... Read More
April 27, 2010chanakya
11
Apr2010
- Markets are still moving up on Dailies
- Monday close if down into Friday closing level is a BUY or generally dips into or about Friday's price range are a BUY for this week. 1183 negates this analysis.
- Momentum high occurs on 4/14/10. Potential intra-week maxima is 1223+
- Being OEX, ... Read More
April 11, 2010chanakya
14
Mar2010
Last Week- Markets were up 0.99%This Week- The BULL% drops to the lowest reading in 7 months- And the NEUTRAL% floats higher to highest readings last seen in November 2009 (which was a significant bottom)- BEAR% getting are emboldened with these highs and are coming in at 60% (last few ... Read More
March 14, 2010chanakya
07
Mar2010
Last Week- Markets were up 3.1%This Week- BULL% stands pat at 33%- BEAR% getting scared and declined a tad to 50%- And amidst a rising trend, the BEAR% decided to wait for short entries and moved to NEUTRAL% camp that nearly doubled from last week- Perhaps a pause in up ... Read More
March 7, 2010chanakya
28
Feb2010
Last Week- Markets were down -0.42%This Week- BULL% and NEUTRAL% fell, and the gains went to BEAR%, emboldening BEAR% to the levels seen at the January top during the week of 1/18/10- Bearish week?
February 28, 2010chanakya
28
Feb2010
- February was up +2.9% consistent with increasing longer term BULL%, the strongest gains since November 2009- BULL% still sits at new highs since September 2009 lows- BEAR% gave up a bit and move to the NEUTRAL% camp for the month of March 2010
February 28, 2010chanakya
21
Feb2010
Last Week- Markets were up 3.13%This Week- BULL% fell slightly, with NEUTRAL% holding steady, the gains went to BEAR%- No specific call, except that the numbers are so close to last week, we may have a repeat action with a Bearish bias in the first part of the week, and ... Read More
February 21, 2010chanakya
15
Feb2010
Last Week
- Markets were up 0.87% holding 2/5/10 lows but with multiple retests
This Week
- BULL% rising steadily
- NEUTRAL% went to BULL% as well with BEAR% holding constant at 37-38%
- BULL% is moving to new highs in 6 months, while the markets are sitting near the 2/5/10 lows - is a ... Read More
February 15, 2010chanakya
06
Feb2010
Last Week
- Markets were down, net -0.72% in a wild week with 3 way action typically associated with trend reversals. We scooted higher over 1100, cascaded down to 1044, and finished essentially unchanged from last week, with a Bullish Hammer reversal on Friday.
This Week
- This wild action probably made 24% ... Read More
February 6, 2010chanakya