Short Term Trading Member Forum

[dindindon]

Near term outlook

since I am new here, I will just put outlooks (on a irregular basis) here for some period of time. afterwards, slowly, I will put entry/exit level & time window. I know most of the readers will take care their buy/sell plan by themselves, just a precaution that the information I post here is for your entertainment only, in addition, I am trying to keep my brain cell active so I may defer the Alzheimer's disease

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05/02/11 1370.58
07/01/11 1010.91
10/27/11 1292.66

Last Thursday the Index took the advantage of the 'Gap-UP' technology, gapped over the strong resistance 1258-1268, breached the 0.5 retracement in between 1371 & 1011. 0.618 @1233. The wave resistance & 0.786 resistance lies at 1300 & 1307 respectively; The important supports are 1241 & 1208.

We have FOMC meeting on November 1-2, let's see what kind shenanigan Bernanke will deliver.

Market Turning Points
By: Andre Gratian | Sun, Oct 30, 2011
http://www.safehaven.com/article/23127/market-turning-points

In summary:
my proprietary time speculator suggests 11/15 will be low, 11/16 will be high, 12/20 is a low, 12/27 is a high. Volatile session may present due to the high/low date conflict, especially in November. the dates may become immaterial, one of it may transpire eventually, I don't know, who else knows for sure.

event windows +/-
High
11/16/11
11/30/11
12/13/11
12/27/11
Low
11/15/11
12/20/11

Since I have made my summary, so the following long quote is considered "fair of use" for 'academic study and comparsion'; I break Bill’s long paragraph into logical small section, as usual, his writing contains ambiguity. Not a coincidence, my time speculator does match the outlook Bill perceived

MMA Weekly Comments for the Week Beginning October 31, 2011

Written by Raymond Merriman
Review and Preview

http://www.mmacycles.com/weekly-preview/mma-comments-for-the-week/mma-weekly-comments-for-the-week-beginning-october-31,-2011/

"Yet there are reasons based on Financial Astrology that suggest prices will go higher before taking out those lows of three weeks ago. Geocentric Mercury and Venus start their multi-week treks through the land of Zeus (Sagittarius) on November 2. And Jupiter is still within the 0-7° sector of Taurus, the region which we have continually identified in this column as coinciding with long-term stock market peaks, as shown by studies going back to the 1870’s. That sector is highlighted from October 7, 2011 through March 7, 2012. We expect another long-term cycle high then, just as we observed (and forecasted as long ago as November 2010) for May 2-July 22, 2011, which still stands as the three-year high in U.S. stocks.

But that is being challenged now as Jupiter returns to early Taurus, just as we said it would. When will this crest finally be attained? Well, my guess is that we have to get closer to the point when Jupiter turns stationary direct at 0° Taurus, which takes place December 25, 2011.

Still, this is Halloween and a geocosmic critical reversal zone and prices have had a great Jupiterian lift for the past three weeks, so I don’t expect the market to go straight up into the holiday season. We may just be at the top of another peak on this roller coaster ride, readying for the next dizzying dive down before another peak that follows.

It is, after all, the season of tricks and treats. The last three weeks have been the treats. But here comes another trick."