Tag: Chanakya

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

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

09

Jul2009
Despite a 40% market recovery and an abatement of the credit crisis, a climate of high fear abounds among market participants.  Investor sentiment polls continue to show an excess of bears over bulls as few believe that a recovery can be sustained. If anything, fear has been ... Read More
July 9, 2009chanakya

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