Little did Greenspan know when he made his famous "Irrational Exuberance" speech at "The Annual Dinner and Francis Boyer Lecture of The American Enterprise Institute for Public Policy Research, Washington, D.C. on December 5, 1996", that the principles of Socioeconomics (as expounded by Robert Prechter) will eventually wipe this froth, and ... Read More
Category: Chanakya
03
Jul2009
It has been a sideways market in SPX, with entire June contained by 45-50 point range. Well, that all is about to change in July with high volatility, and bigger swings for second half of the year on Daily Charts as well.
So, how is the Analog doing now?
Broadly speaking, it ... Read More
July 3, 2009chanakya
21
Jun2009
So we got a little bit deeper retracement as the Analog was suggesting, so it may still be in force. The Analog's 6/15 high CIT (Change-in-Trend) was a solid hit and it suggests markets staying down till 6/25 before they take off again for one final wave to new highs ... Read More
June 21, 2009chanakya
14
Jun2009
The CIT of 6/8 from the Analog was still valid however, the relative price movement wasn't commensurate with the 2007 movement. So we maybe getting to a point where may have to abandon this Analog. Will watch.
If this is still on track Monday, 6/15 is a high and then down ... Read More
June 14, 2009chanakya
31
May2009
Analog Updated with current action - still looking on track!
- Up into June 3rd
- Quick fall into June 9th (revised from June 7th)
- Quicker rise into June 21st
- One needs to become cautious on the long side now as the March 6th rally is nearing end price wise. Time wise, ... Read More
May 31, 2009chanakya
17
May2009
Here is the updated Analog. Still on track.
- Low on Monday open
- Up into 5/20 - 905-910
- Lower low around 870.3 on Friday, 5/22
Overall markets seeking 940+ into June 4th-5th 2009
May 17, 2009chanakya
12
May2009
I am not the Analog expert but based on my memory I had been thinking that the cycles are looking like 2007 and then I put it to test in Excel and I did. Visually the correlation looks pretty tight.
So based on this Analog, seems like the markets will hang ... Read More
May 12, 2009chanakya