There has been plenty of top calling from many respected analysts and Traders as many recognizes the RSI bearish divergence and rising wedge patterns.Yet the market seems to defy gravity once again and keeps making new yearly highs.I have mentioned a couple of months ago, that the Master cycle suggests, ... Read More
Category: Ian Thijm
08
Oct2009
From last night's email: "We made a triangle wave 4 today (10/7), which should be followed tomorrow by a swift 5th wave higher tomorrow, triangle target is 1069-70 SPX"
The perfect target at 1070.67 SPX was achieved right at the Apex of the triangle with 5 waves up complete. After a brief corrections, ... Read More
October 8, 2009chanakya
20
Sep2009
The September Month is seasonally normally the weakest month, but the market ignored this so far as we have been straight Up (SU) since the 9/2-3 Master Cycle (MC) Lows.
The trend every month since Jan 09 into August 09, was to expect a High or Low between the 6th and ... Read More
September 20, 2009chanakya
13
Sep2009
The Gold continuous daily chart closed right at TL resistance at 1006. It has not really broken out yet as we would first need to clear the 3/17/08 ATH at1017.50 Resistance, but the daily, weekly and monthly trends remains up. We then have LTmonthly resistance at 1028 and channel resistance at 1075-85. We closed ... Read More
September 13, 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
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
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
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