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Rolling over but no sell signal
http://stockcharts.com/h-sc/ui?s=$NYMO:SDS&p=D&yr=1&mn=3&dy=0&id=p20712944472&a=230442811&listNum=7
$NYMO:SDS Experimental chart
http://stockcharts.com/h-sc/ui?s=$NYMO:SDS&p=D&yr=1&mn=3&dy=0&id=p20712944472&listNum=7&a=230442811
$TRAN broadening top completed: Down time.
http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=1&mn=3&dy=0&id=p56737892515&listNum=7&a=230119513
At the risk of disappointing the prurient,
this is not a topless market. Today's reversal is a sign.
Risking a direction call...
Assuming Ben Buz Lightyear Bernanke doesn't goose the market Friday, I'm looking for a quick 50 point drop in the S&P 500. Otherwise, an inverse head and shoulders forming sends the market higher to 1400. Selling volume increased during the day today and the market stopped on the edge of the precipice. To the universe and beyond. Or to the basement with the other unused toys.
The gov't is kiting checks on its own wind. All the market is is "dust in the wind". Eventually, dust returns to dust.
Thanks. It's a good idea to use the bull/bear etfs for the etf you're trading in rather than the vix. I'm watching $NYADV:EDZ and $NYDNV:EDC for trading in EDC EDZ for example.
SPDPRO...nothing is perfect and the vix is volatile.
Substituting SDS for the VIX seems to work as well.
Note signals:
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p41669381677&listNum=7&a=229458107
Knickle: I'm geting better at
keeping my bias out of my conclusions and letting price action rule regarding "predictions". I think that looking at this chart it is clear that a drop is/was imminent. Note especially the role $NYADV:$Vix plays as a signal of direction. The 1284 mid-channel and 1249 bottom channel lines now seem to be a realistic target as determined by price action.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p19324091772&a=228728808&listNum=7
Sleepy market nears bed's edge. Falls floor soon.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p19324091772&a=228728808&listNum=7
Other than looking like a spider web
spun by a spider on LSD, I find this interesting.
Presenting the "Fib'n Fan" chart:
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p22908660641&listNum=7&a=229080430
Long-term SPX daily with FIB fan and other lines
(sub SPY as indicator)
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=3&dy=0&id=p52504544798&listNum=7&a=228605092
Shorten to 3 months to see current action/position
Looks ready to drop
Stage 2 rally looks near completion
Ignore the "junk" on this chart and just look at the SPX price section.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p95044567752&listNum=7&a=227623482
Sp far this year we have had:
the end of stage 2 rally
stage 3 topping zone
the start of stage 4 decline
Wave 1 of the stage 4 decline completed at 1249.
Wave 2 up containing an a,b,c move has now topped (or appears to have topped) today.
What now follows is wave 3 drop to the 1220's
What would change my opinion is a blast upwards from here indicating that an inverse head and shoulders has formed and the market heads to 1400. Unlikely.
Bear fund ready to pop
Looks like 3rd surge (of 1,2,3,4,5 structure) near
http://stockcharts.com/h-sc/ui?s=BGZ&p=60&yr=0&mn=2&dy=0&id=p33957445591&listNum=7&a=228748186
Daily Flypaper Channel: Buy above, sell below
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=6&dy=0&id=p91843002541&listNum=7&a=228736297
Watch for breaks above/below the Keltner “flypaper channel”
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p25084156058&listNum=7&a=228728808
http://stockcharts.com/h-sc/ui?s=$VIX&p=60&yr=0&mn=2&dy=0&id=p91476482750&listNum=7&a=228729838
EDC & EDZ offer hints of SPX moves
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=1&dy=0&id=p94931600899&listNum=7&a=228470611
Wait for a pullback to trend line to go long.
That's your best best I think. Even then it might be just be point 3 of a 1,2,3,4,5 move down. Points 3 and 5 might be a double bottom from which is launched a big rally. This is subject to revision if the top trend line is taken out, but it stopped today's advance. Since I operate in a "fundamentals free zone" this is my best guess, "undervalued" or not. "Black swan" events seem to prevail these days.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p90005670342&listNum=7&a=228605092
Possible pop to 1296 Monday then drop
to 1230's during the week as Obama gets Chile reception, unless Luftwafi Gadhafi provides an extraordinarily negative event over the weekend.
Daily SPX chart with long-term down targets
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p32455699312&listNum=7&a=228400078
Looking for down week next week
Daily chart with long-term down targets
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p32455699312&listNum=7&a=228400078
Looking for down week next week.
Spx 1278.88 channel top; 1287.84 MA top area.
Note $NYADV:$CPCE on this and other charts, especially over or under 1000 and 2000
http://stockcharts.com/h-sc/ui?s=$SPX&p=10&yr=0&mn=0&dy=20&id=p11908334181&a=228300338&listNum=7
Target Chart: Ultimate low in low 1100's
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=6&dy=0&id=p58098951451&listNum=7&a=228268859
Agreed. Waves are incidental/subordinate to chart info.
SPX Charts
http://stockcharts.com/h-sc/ui?s=$SPX&p=15&yr=0&mn=0&dy=5&id=p54792355452&a=228172141&listNum=7
http://stockcharts.com/h-sc/ui?s=$SPX&p=30&yr=0&mn=1&dy=0&id=p82202543669&listNum=7&a=228172155
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=1&dy=0&id=p89790588474&a=228139552&listNum=7
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=6&dy=0&id=p44289720012&a=227827850&listNum=7
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=5&mn=0&dy=0&id=p00195886910&a=227773943&listNum=7
Same move here. I expect bounce 2-3 days maybe.
My read is that after finishing a Stage 3 top, we now have finished or are close to finishing 5 waves down of Wave 1 down after the Stage 3 top. The bounce will be Wave 2. Then comes A BIG wave 3 down.
Fat-fingered Gapula strikes again. Note:
BB (100,.05)line on this chart at 1258.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=6&dy=0&id=p44289720012&a=227827850&listNum=7
DAILY CHART ON RED WARNING!!!
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=6&dy=0&id=p61888598153&listNum=7&a=227827850
Current weekly status green with yellow alert
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=5&mn=0&dy=0&id=p00195886910&listNum=7&a=227773943
Silver bullets...check, wooden stake...check, garlic...check, cross medallion...check, holy water...check, bear etf's position...check, OK, you fat-fingered Count Gapula, bring it on!!!
Count Gapula strikes again. Buying garlic futures.
Vix looks ready to pop up
This 60 min chart looks like ready to rise at the open at least. I like the Wms %R 36 as an indicator on the 60 min for this and other indicators other than VIX.
http://stockcharts.com/h-sc/ui?s=$VIX&p=60&yr=0&mn=2&dy=0&id=p14844996610&a=227607200&listNum=7
Sidewinder rattlesnake formation slithering towards venomous conclusion.
Soon.
http://www.dailyfinance.com/story/investing/nine-reasons-why-investors-are-nervous-now/19867102/?icid=maing|main5|dl5|sec1_lnk3|48860
My trend indicator is right on the brink of a sell signal probably of the degree of last May. It's time for "fat fingers".
Expectations prior to protests in Saudi Arabia:
I expect a small bounce Monday probably not passing Friday's high. Revision may be necessary with higher high. Trouble looming: protests scheduled in Saudi Arabia on Friday. Market turmoil possible. Markets may anticipate.
1321.15 Thank you, thank you very much
Time to "Call the Close": 1322?
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=1153025,7&cmd=show,IDAY[Y]&disp=E
ABC up in 5 waves?
If so, just finished 4 and starting 5 to end day going up.
Here's a 10 min chart useful for template.
http://stockcharts.com/h-sc/ui?s=$SPX&p=10&yr=0&mn=0&dy=10&id=p78771350993&a=226820224&listNum=7