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
Tag: SPX Analysis
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
01
Nov2009
As a follow up to my call 10 days ago, here is my forecast for the next few weeks:by fb1807 » October 20th, 2009, 6:12 pm "After the October 2nd low, it has become quite clear that the October 23rd iteraion of the 33 week cycle would be a high. This ... Read More
November 1, 2009chanakya
26
Oct2009
As mentioned in the last post, I was expecting an 10/26 High, which is being formed as we speak. The possible e-wave count is shown. From this high expect a sharp decline and then one more High on 10/30/09.
October 26, 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
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
First let's take a look at the Nasdaq Monthly. The Nasdaq has led the market higher since March of 2009. As you can see we have broken over the price of the all time monthly high volume high of October 2008. This bearish upthrust is setting up a nasty reversal ... Read More
September 20, 2009chanakya