SPY cycle target 141.1-141.7; based on the change of direction for 10.5 day SMA. Keyed to 21 day cycle. Full moon is Sunday, and day 21 from last low is Wednesday, so a low is expected by mid week. Pnf target of 140-141 and this cyclic target suggest middle (141.0) is a good nominal target.
Oddlot

Smokey: thanks. As an aside, 140 SPY is either concrete support, or a trapdoor to MUCH lower prices. Will cover under 141, and maybe go long. Somewhere under 140 I reverse for a LT decline as synchronized global slowdown flushes the toilet. Good luck, and dont hold them too long.
Oddlot

SPY SDS remainder of unit added SDS 13.53

SPY get your shorts while they are fresh. Range from 146.67 to 142.95 has the .618 fib at 145.25; last is 144.81, high 144.96.
Oddlot

SPY SDS added 1/2 unit.SDS 13.52

SPY SDS added 1/2 unit.SDS 13.52

SPY holding shorts from 146 and 144.5 areas, obj 140-141. Looking for bounce to 144.5-145.0; plan is to add 1/2 unit in that area, and remainder on failure (CCI sell geared to 5day cycle).
Oddlot

SPY imho obj is 140-141

SDS doubled position at.13.55 as mkt hit new lows

Smokey re SKF: quick look at.XLF and SKF says XLF target was 16.40, which is done. SKF has buy signals a day or two old on CCI. So buying a pullback is reasonable with caveats. One is strong downtrend in SKF, which is common in leveraged etfs. Another is the pattern in 1min OBV, which shows relentless selling as SKF moved higher. So, wait for a pullback and reassess.
Oddlot

HD: there will be LT trends (up, in your view) upon which cycles are superimposed that create moves to extremes around the trend (channel?). TA can and should be used to play the turns at the extremes; the risk of being wrong is always present, so stops are always needed, and in strong trends only one side of the mkt is worth the risk.

Ben has said what he plans, the mkt will adjust, and life goes on. Ben will suffer from diminishing returns from each additional trillion. Meanwhile, fiat money will lose value and tangible items will be worth more. So my vote is for continued trading of stockson both sides, and increased allocation to PMs on long side only on pullbacks.

Good trades.
Oddlot

Thanks for kind words, but my comment has nothing to do with my other posts. While the "OT" comments can be entertaining and educational, most of them have no way to be implemented for a profit either now or in the future. Nuff said.

Re your reluctance to short, at least consider protecting your assets from a devastating decline. I watch several "super-gurus" via media, and they are uniformly fearful of the next two years.
Felix Zulauf, Charles Nenner, James Rogers, Arch Crawford, Jeremy Grantham are well known. They are smart enough to not say exactly when, but to warn of significant danger. Applying TA for trend reversals only requires patience and committment to act, especially if you have confidence in the eventual direction.

Zulauf says be out, if not short, by end of Sept. Crawford says the conditions are equal to those in which all major crashes have occurred. Grantham is afraid of too many people, resource constraints, and inflation (very long term thinker). Nenner calls for Dow decline to 5000 within several years. Rogers has been very vocal re long commodities and certain currencies while short everything else not related to ag and food production.

Personally, LT is a channel around the centered 4.5 yr moving average. The average is headed lower, and price is above the extreme channel. So if I am long it is very short term, and if short it is with the hopes of a major downmove with changes in trend indicators that bring in lots of company.

I wish you well and hope that you hold your portfolio risk to a moderate level.

Oddlot

FXE target now 124.50 on decline. Should help bring down SPY and GLD.

***Question*** is this board a forum for stocks and trading, or is it a political forum? I am just as frustrated and angry as the next guy, but who I plan to vote for does not influence my trades. Perhaps, the other way around, with the stock environment influencing my vote.

If possible, more trading/investing rationale and less why candidate A or B should be elected. Anyone who is persuaded by a board comment is a very shallow thinker.

Oddlot

SPY holding bearish position in SDS taken several days ago with SPY approx 146. Numerous cyclic indicators are in position for a top. The 26 week cycle has a high about 25 weeks back. The 21 day cycle is just past its point. CCI(20) gave sell signal, relative to the 65 day cycle, and various stochrsi time frames have given sells.

The recent low of 144.80 area is the last indicator remaining, as the last 5-7 day cyclic low. Failure there will also trigger various pnf targets 143-141.

Supporting evidence can be found in USD which has found support and should rally, and gold should sag towards GLD 158-161, where it should be bought if available.

Good trades,
Oddlot

SPY SDS SSO position flipped to bearish when SPY hit 146.13. Long SDS 13.42
Oddlot

Smokey, no I dont really have an ulcer but thanks. Just a reference to the high anxiety level from longs when I "am sure" we will be lower next year. However, fading my emotions is usually correct.
Oddlot

SPY et al: long SSO at 63.25. Stop based on SPY 146.13. OBV is strong, LT trends remain up, and being long feeds my ulcer, so it has to be the right thing to do.
Oddlot

HD: I expect/hope Romney wins. USA traditionally is home to energetic people with aspirations to become rich. If they succeed, a vote for Obama is against their life dreams. If they understood where his growing deficits will take us, they would choose No-Obama, and VOTE!!!

Oddlot

Your cryptic note needs clarification, but I agree that many posted charts show no conclusion or rationale for action if some predetermined event occurs. IMHO a chart should identify a partial setup, and note the price/events necessary to complete the setup, and then the probable action a trader should take at that time.

Keep up the good work.
Oddlot

SPY SDS initiate bear position in SDS if SPY hits 146.13.
Oddlot

SDS closed all at 13.78.
Oddlot

SDS closed all at 13.78.
Oddlot

SDS added second unit at 13.82.
Oddlot

SDS second bearish unit added 13.82.
Oddlot

SPY SDS holding SDS with slight loss. Will double position if SPY hits 143.87.
Oddlot

SPY SDS holding SDS, slight loss. Will double position if SPY trades 143.87 or lower.
Oddlot

GLD if there was any question, gold is in a new LT uptrend. My position is flat, having closed everything in the 164 area GLD. Awaiting a pullback to 159-161, if I live that long.
Oddlot

GLD if there was any question, gold is in a new LT uptrend. My position is flat, having closed everything in the 164 area GLD. Awaiting a pullback to 159-161, if I live that long.
Oddlot

SPY SDS added full unit SDS at 13.88

SPY SDS long full unit SDS at 13.88

Everyone else, except judges, are replaceable. Pres cant request his resignation??

SDS bought some SDS 14.36, other orders 14.27

SPY SDS trying to buy SDS at the equiv of SPY 141.40 and 141.75

SPY this is a high risk period due to the various meetings, but my guess would be that a rally to SPY 141-142 in the next two days would be a good short.

SPY this is a high risk period due to the various meetings, but my guess would be that a rally to SPY 141-142 in the next two days would be a good short.

GLD DGP closed DGP at 53.93 with GLD at 164.30. Price is near top of several channels and I am willing to wait for a selloff.

Oddlot

GLD DGP closed DGP at53.93 with GLD at 164.30. Price is near top of several channels and I am willing to wait for a selloff.

Oddlot

SPY SSO closed SSO at 57.77 (SPY at 140.38). Problem is the fact that CCI for cycles 13/26/39 weeks have all given sell signals in that last several days, and the 1min OBV has also given sell signals. Have more work to do before deciding to short.

Oddlot

SPY SSO closed SSO at 57.77 (SPY at 140.38). Problem is the fact that CCI for cycles 13/26/39 weeks have all given sell signals in that last several days, and the 1min OBV has also given sell signals. Have more work to do before deciding to short.

Oddlot