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
Tag: Smartpredictor
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
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
08
Aug2009
OEX traders have a tendency to call tops with accuracy when they are pouring about twice as much money into calls as puts, which is the case right now:OEX $-weighted put/call @ Fri Aug 7 16:30:00 2009: 0.49 (calls: $15,450,700; puts: $7,602,179).QQQ $-weighted put/call @ Fri Aug 7 16:20:00 2009: 1.31 (calls: $5,731,420; puts: $7,532,570).Dollar volume ... Read More
August 8, 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