Markets have been climbing the proverbial wall of worry ever since the lows of March 2009.
On every rise, Bears jump in to declare an imminent crash ahead and right then the market moves up linearly. The pattern being followed for past 8 months has been one of underlying Bull strength.
1st ... Read More
Category: Chanakya
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
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.
Preferred View
- 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.
"
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
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
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
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
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
19
Jul2009
The Analog has been holding up pretty well for months now, and that is surprising, because they say that as the sum total of collective knowledge of market participants approaches 1=TRUTH (from 0 = an Unknown), then it is no longer an "unknown" but a "known". Hence, theoretically it should ... Read More
July 19, 2009chanakya
13
Jul2009
Well, sometimes we tend to ignore the simplest answers that are right in front of our eyes! Analog once again beat a lot of the technical analysis out there. It had 7/10 (Friday) as the low. And if one acted on that, you were looking at 2.5%gains on SPX. Smartp ... Read More
July 13, 2009chanakya