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SPX SSO sold my SSO 53.78 and bot SDS 43.26.
SPX SSO sold my SSO 53.78 and bot SDS 43.26.
$SPX $SSO with expectations of a high near 4300, I plan to exit my long SSO, bot 49.48, at 57.59 if seen prior to failure. But expect to sell by midweek.
$SPX $SSO with expectations of a high near 4300, I plan to exit my long SSO, bot 49.48, at 57.59 if seen prior to failure. But expect to sell by midweek.
Go to Twitter and look up Cyclefan, David F, and Sentient (...computer or trading or something). Also, buy Hurst's book. The approach is simple and stockcharts has all the tools. But you have to do the work and prove to yourself that the cycles exist and the wavelengths are what they are. Also google kondriatev cycle for extensive study from Stanford? re economic cycles.
Long SSO 49.48 with stop 46.98
$SPX we are at week 10 of the first 10.75wk cycle in 2nd 21wk cycle. The next 10wk cycle will end the 43wk cycle and is normally dramatic at the end. Look for rally high approx 3 weeks from the low and sell heavily
$SPX we are at week 10 of the first 10.75wk cycle in 2nd 21wk cycle. The next 10wk cycle will end the 43wk cycle and is normally dramatic at the end. Look for rally high approx 3 weeks from the low and sell heavily
$SPX assuming a weekly harmonic cyclic set of 43/21.5/10.75, we have completed 7weeks down from the last high and the next high is due in 3-4 weeks. The estimated channel high would be approx 4300 then. Go short from that area then. Place stop on existing shorts at 3977.
Absolutely right!!
GLD DXY Assuming gold has similar cycles as the dollar, there should be support at 169-171. My preferred scenario is the decline of the dollar and rally of gold/basic materials as a result.
$DXY has a 2yr cycle which generated and achieved the target of 102-103. A decline in the dollar would spark big moves in all hard assets. Looking at gold , silver, bitcoin, and uranium.
And Biden thinks fiscal responsibility=deficits of trillion or lore!! Not in my world.....
My apologies for the multiple posts.
$SPX 36day cycle would imply another two weeks of strength. 36dma is almost flat, so high could be 4500+. Take big shorts on overbought sell signal.
$SPX 36day cycle would imply another two weeks of strength. 36dma is almost flat, so high could be 4500+. Take big shorts on overbought sell signal.
$SPX 36day cycle would imply another two weeks of strength. 36dma is almost flat, so high could be 4500+. Take big shorts on overbought sell signal.
Dow deva: this is the one
Test
We lucked out. The property had state highways on three sides and the realtor divided it such that each parcel touched a road. Thus, each parcel in the subdivision could be sold without putting in sewers, roads, or drainage. We have sold 10 of 12 parcels so far, to professionals looking to move out of Houston. Most have built large homes with a few horses for kids and grandkids.
Northwest of Houston 70miles
Would cover shorts here spx 4230 and sell next big rally.
Thanks. Domestic issues have limited internet use and investments. Issue was too much to do and time needed to go elsewhere. We have liquidated 800 horses, 100 cattle, and 300 acres. Still have employees and 150 goats, but have plans to eliminate them. Too much for a 75yr old couple.
IMHO the sign of the top occurred when the 43week channel was broken 2 months ago. Lows are due: 6.5yr in Aug22, and 3.3yr in spring23. Low probably to occur early next year. Meanwhile sell big rallies and stay short. Valuation target 2000-2200 SPX.
Oddlot
IMHO the sign of the top occurred when the 43week channel was broken 2 months ago. Lows are due: 6.5yr in Aug22, and 3.3yr in spring23. Low probably to occur early next year. Meanwhile sell big rallies and stay short. Valuation target 2000-2200 SPX.
Oddlot
Do you have a suggested public source for financial data on Canadian mining stocks?
Sold both units recently 3082, looking for top in 36day cycle now and low in 2 weeks. Channel boundary then 2975-3000.
GLD CCJ: Stopped out of GLD 137.60. Bot CCJ 9.65 with stop 7.65. This is a LT hold and first of many additions, if goes as planned.
GLD and CCJ both appear to h as be started uptrends. GLD is a continuation, CCJ is the start of a LT trend. Buy CCJ 9.65 on pullback, stop ui.65
GLD long Friday on stop. Long at 142.80, stop 137.77.
SPX added at 3032.3, now long 2x3021.3. Obj 3080+ initially.
$SPX entered long 1 unit on the close at 3010.30. Thought I had posted, but not. OldSchool rule is buy second consecutive close over trendline. TL in question is close-only across the two major highs and crossed at approx 3000. Risk to 2978.
Order to enter on stop on ATH at 3032.3 is reduced to one additional unit. Obj 3080-3130 on a hope and a prayer.
Pullback in gold may be ending. Buy on stop GLD 142.20. risking to 138.40
SPX stopped out 3015.6. Awaiting breakout or oversold condition.
Re rule #3: I use a version of it with swing obj and leg counts. If the leg is 100%, take profits when price reaches 80%. The "greater fool" has to have some reason to take the risk. But usually I make mine, and he does not.
The fed can keep the mkt up if they spend enough money, which they have no problem printing. The only problem is the effect all the extra liquidity will have on other things. Inflation is under control, but prices go up while you sleep. Eventually, the alarm will ring and someone, besides me, will get worried.
Still short. Stops on SPX 3015.6. Buy stops to enter 2 units at 3032.3. Fight it, or go with the flow. If I can get 2940 area, will lighten up and lower all stops. The mkt will do what it wants, not what we want....
$SPX wondering... in the tulipbulb mania, was it more painful to feel foolish while watching it go up without you, or watching your declining equity during the return of sanity with you??
Move stops on shorts to 3015.6, and enter 2 units long on stops at 3032.3, risking 2998
Error!! The FLD36 was breached last week near 2990 giving obj approx 3080. 36day low due mid Nov is now questionable.
A TL connecting high closes last 6 months or so crossed at 3000 area yesterday, and was broken. OldSchool says 2nd close over TL is valid action signal. This would imply that the 43week low we have been seeking, and expecting mid Nov may have already happened.
ATH plus a margin would strongly suggest an impulse to 3080 or higher.
The news and commentary goes one way, and the mkt goes the opposite. I hope the mkt takes big drop before going higher.
SPX Expecting 36day low to occur with other lows, at nest bottom. Targeting Nov18, a week after the nest of other lows. The top of this 36day is likely done, and low Monday will give weak bounce, followed by DOWN into mid Nov.
There is always a chance, however unlikely it might be. IMHO a break of 2825-2800 would indicate a move MUCH below 2700, and therefore one has to play for a bottom 2825-2850, if that low. I am really ready for an oversold reversal, and afraid it might not happen.