Last Week- Uncertainty had risen sharply in both camps at the highest reading of 35%. No wonder markets came in flat at -0.2% on a weekly basisThis Week- This week, the uncertainty has disappeared with % loss from Neutrals clearly going to Bear camp, plus some more- The Bear % ... Read More
Tag: Chanakya
15
Nov2009
Last Week
- Bears got bolder last week and were beaten down pretty quick with Monday's persistent rise with GSPC rising 2.3% for the week
This Week
- Bulls declined
- Bears declined
- Neutrals have risen to the highest level in a couple of months. Rise in uncertainty after market rise from 11/2/09 - ... Read More
November 15, 2009chanakya
11
Nov2009
Wow this happened faster than anticipated! Almost there! The call was issued on August 27th, 2009.
This is a measured move, and should surely provide resistance for a decent sell off in the coming weeks or at least a pause.
November 11, 2009chanakya
08
Nov2009
Last Week
- Bull % series had a positive crossover Bear% since the beginning of the week of 9/28/09, and the result was a 3.0% gains in SPX
This Week
- Neutrals jumped to the Bear band wagon with a slight decline in Bull%
- Bear % is once again rising, however the Bull% ... Read More
November 8, 2009chanakya
05
Nov2009
The Perfect Kiss that market was looking for!
The Smartp Intra-week Neural to Subs had this as a Setup #3 for the week:
SETUP #3
FOMC Decision
3-4 pm EST LOW CIT
BUY 1037-1039 zone
if achieved post FOMC
Overnight low was 1039. Post FOMC low was 1042. ESZ9 1050-52 is good support on declines now.
Chanakya/Smartp
Smartpredictor.com
Timeandcycles.com
Smartp on ... Read More
November 5, 2009chanakya
04
Nov2009
- The markets are done correcting Price wise with the lows of 11/2/09.- The rhythm of "last week of the month" highs and "first week of the month" lows is still intact and it has delivered us 11/2/09 lows- Base formation is complete and we have broken through the Bear ... Read More
November 4, 2009chanakya
25
Oct2009
On 9/14/09, in Market's Elephantine Memory, I had identified 2 significant resistance points 1060.8 (2004 low that launched a 3 year Bull into 2007) and 1105-1132 zone that in essence was the "market failure point". When markets bottomed in March 2009, I expected markets to reach the "market failure point" - ... Read More
October 25, 2009chanakya
19
Oct2009
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
October 19, 2009chanakya
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
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