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.
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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
Tag: www.timeandcycles.com
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
22
Aug2009
Here we are again approaching another 10-year cycle peak. The last such peak was in 1999 while the most recent 10-year cycle bottom was in 2004. We wrote extensively on both episodes at the time and the 10-year cycle is one of our favorites. It’s what ... Read More
August 22, 2009chanakya
22
Aug2009
Given the relative weakness in the blue chips, we might see them play catch-up to the broad market and continue higher into a Halloween turning point. This is the alternative scenario (an alternative to a 9th September high).
Under this scenario, we would see a peak above 10,000 on the Dow in ... Read More
August 22, 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
12
Aug2009
I am on vacation, but thought this was important enough to post now.
The MC was expecting a higher Low on 8/11 with the 8/6 Low, we got that, although it was more like a retest Low.
Today and tomorrow, 8/12 and 8/13 are expected to be solid days UP. 8/13 is ... Read More
August 12, 2009chanakya
11
Aug2009
Most of the details I have already posted on the blog.http://jaywiz.blogspot.comAstro55-110-81 tr days TOMORROWAug11thElliott wave progression off the spx 1018 topUsing the 40 pt rule of thumb1018 = 148 pt gain1018- 40 = 978 first support zone you can do the math is that is broken this weekBUT NEXT is even ... Read More
August 11, 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
07
Aug2009
SPX 667-1018 is on Cardinal Cross. 1018 is 0.382 of 1576-666 range.
The turquoise colored boxes run north/south and east/west thru thru the center of the square. These are called the CardinalCrosses. The green colored boxes run on diagonals thru the center and are called the Ordinal Crosses. These are classic points of ... Read More
August 7, 2009chanakya
07
Aug2009
Unemployment numbers was bullish for the markets.
The Bears are getting seriously whipped.
The Master Cycle (MC) was suggesting that after a short term 8/5 Low, the next day should Gap up, that day is today, as 8/6 was the Low (+1 TD).
The MC suggests we will close off our Highs today, ... Read More
August 7, 2009chanakya