After the apparently success of its stimulus program, China’s remarkable economic recovery has many observers forecasting an even brighter future for the emerging powerhouse. China’s 2008-2009 economic rebound and rising appetite for commodities has made many bullish converts. A close look at some important indicators, however, calls that optimism into ... Read More
Tag: Timeandcycles
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
25
Oct2009
DJTA & Money Flow Divergence as below.
"bobcarver″
(T&C Forums – Knowledge Contributor)
–Bob Carver http://marketclues.blogspot.com http://thermopower.blogspot.com
October 25, 2009chanakya
22
Oct2009
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
October 22, 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
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
28
Sep2009
My guess was that major retracement tops seldom happen at a well known Fib level since it would be too easy as too many watch these levels.Checking the data confirmed my suspicions, since the three biggest drops and retracements of the Century all stopped between well-known Fib levels, and therefore ... Read More
September 28, 2009chanakya
27
Sep2009
Probably the biggest “X-factor” in the ongoing effort at reviving the global economy is China. China is seen by many as the world’s emerging industrial powerhouse and its relationship with the United States is considered to be crucial for its own development, as well as for ... Read More
September 27, 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