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Some people need to graduate from their ABC's and 123's
thats funny stuff!!!
Wow thats a perfect description of the drama queen... and for the record; meant no offense to Snoot and s-waver
SPX Cycles Rule!!!
... e-wavers can kiss a$$...
contrarian indicator
ha ha ha ha...
northam - FB
please send invite to torqputty@yahoo.com
re; It is classified as a secret group
cool, will be joining soon
re; things are looking more Bearish right now
I have one Buy (go long) IWM on the hourly chart (hourly Stoch) And most of my Long-term Signals (daily Stoch) have gone into Overbought
Current Position; cash
northam, pending any negative surprises; I think its safe to say that the remainder of this year will see Upside. I think the bulls will win the current Hourly bull/bear battles and drive the daily Stoch into Overbought territory… that’s my opinion; based mostly on the daily Stoch
northam
just a note; I notice that when buy blocker activity increases that the ‘meat’ of the current run is coming to an end.
Put/Call at extreme 0.90
I notice that when Put/Call is at or near extremes that a significant 'push' is coming. So, Im looking for an extension of this rally or a new sell off. Im thinking 'extension of rally' based on negative sentiment. Seems to me the bears were caught short and they are in disbelief.
Agree with RCKS the euro problems are not gone but the Chinese are on-board (thats good), It buys more time and should give the economy breathing room to the upside.
re; SPX 60 min is now in an extended Phase 2,
on my 60 min chart the SPX could extend to 1230-ish
re; SPX Cycles Reports
I think we should see upside changes to the report after todays action
My longterm chart shows one of two signals to go long
re; nice bounce bbgold - eom
Have a great ThanksGiving - I'll be out with my bow-arrow the day after. hoping to tag a white tail deer...
SPX 60 min is waay oversold but the slide has eased (SPY & QQQ) So i am hanging onto long positions for the short term.
Longterm; Overall I think there is still downside pressure (SMH still has room to downside) but the daily Stochs are oversold or near oversold - I think were close to a Buy
WoW - the market does not have a holiday spirit..
>>> If the 60 min & Daily can go into the next Phase 2 at the same time, it could give the Weekly & Monthly a big boost to the upside.
cool
I was looking to a bloody Friday today but it did not materialize. So now I think there is a possibility that price will hold support here SPX 1220... we'll see
Nice
I thought your were not gonna day trade...?
Downside pressure and fear is dominate
I think the dominate signal is 'downside pressure' and 'fear'. - Most of my long term T/A are showing “stay out”… but a couple of areas that may hold the drop is support at SPX 1220 plus the weekly phase has not turn down. At this juncture I think the day traders are the ones making money until SPX 1220 is proven. In any case; Longterm Im staying out and I don’t have the luxury to be at the monitor to day trade.
re; northam SPXU position
I was thinking you should capitalize during the ‘Buy Blocker’ time frames by buying SPXU. I believe if you go back to your recent buyblocker posts and the posts from the middle of September; you may find many SPXU opportunities. I notice that buyblockers get very Active when we’re range bound.
good short
re; SPX Triangle
once price moves out of the triangle then i assume the 60min phase is no longer in the driver seat. And since its breaking to the downside, it aligns with Daily Phase 1
Chart; SPX Triangle
we're still inside the triangle and the 60min Phase is driving
http://imageshack.us/photo/my-images/600/1115201182652am.jpg/
got it - an unconfirmed Daily Phase 1 at this point
re; Daily Phase projected low is 1199.21
the daily phase 1 is in alignment with overbought stoch - so I am initiating an option call on SQQQ
RE; Trading SPX Cycles
The best part regarding SPX Cycles is that it tells You exactly what the market is doing (reasonably). No fluff and no predictions (predictions are for dummies). Then its up to the individual trader to analyze the side of risk and make their bet. For me; SPX Cycles cut out the bull-$hit, cut out the noise.... so Now im aligning confidence in the Stochs, the channels and making the trade...
re; break out?
thats the key everyone wants to know....
However, I think our answer is in the price of the Daily and Weekly Phases UTL. To be more specific; If the 60min phase 2 pushes the Daily Phase 2 above the UTL then the break will be to the top (vice-verse for downside). Like you stated earlier "60 min is driving the train"... and still is, at the end of this day.
todays virtual trades (buy & sell) were made inside the trading day. I made a little over $100 QID Options. Once we get those daily prices confirmed (above/below UTL) then Im making bigger bets and keeping them longer.
re; The SPX 60 min
Looks to me; the SPX 60 low projection of 1236.6 is within (inside) the triangle forming from end of October. And that the 60min phases will get tighter til SPX breaks-out.
bbgold thanks,
I just refreshed the screen and the value is still at 0.00. Im just going to keep the option and see what happens - but this will be a question i have for my broker.
bbgold; option question
I purchased the SSO option below for .20 cents each on 11/3/11 (virtual trade) then this morning the position value shows 0.00 and I did not initiate a Sell --- What coulda happen? I believe there was low volume (400) at the time of the purchase.
SSO Nov11 52 Call PROSHARES ULTRA S&P 500
11/03/2011 Buy To Open 100 SSO Nov11 52 Call $0.20 ($2,151.95)
DOW Charts
Here are a couple of DOW charts showing where I think price will be going in the next few days. You can use SPX with same results. The second chart DOW 1YR could be the dominate direction for the next month.
My call is based on hourly and daily stochs were extended (overbought) and that price is at or near upper trendlines. I will be looking to see if this chart aligns with SPX cycles.
re; posted reports
looks good northam -
northam Buy Blockers
I assume the purpose of buy blockers are put in place to help prevent a second purchase (in-case of trend change). But Is there a way to capitalize during the Hourly buy blocker time frame.? Example; add to long position when price hits support or sell short when price returns to resistance (so long as buy/sell action is done inside the daily phase)
No problem - thats a reasonable request, But don’t blame northam... he only came to my defense - Im the one you’re beefing with - Im the one that doesnt think highly of your discussions...
SPX Cycles is the real deal…
Its about consistent and reliable reading of the market. It is not about talking smack, not about guessing, not about people bashing and not about politics (political talk is a sure sign of weak market analysis) - And SPX Cycles definitely is not about protecting ones ego.
In SPX Cycles the context is clear; discussion is on the market and data supporting SPX Cycles - and when the market bias turns from bull to bear, SPX cycles also turns. We don’t have to wait for the guru to decide if it’s warm or cold before making his call. SPX cycles limits the guessing.
re; So lets see your portfolio and some testimonials...
EXACTLY... how many folks actually show their portfolios...