Replies to post #252469 on SPDR S&P 500 (SPY)

[NetNeutral]

This is the best I can offer up for even though eye'm, well, PURDYMUCH Clue-Less :-)

First off, one has to know dare enemies and foes, Right!

Enemy: da-Boyz Club (Long or Short Play-r's)
Foes: Dip buyers, Shorts, and value investors(Long Play-r's)

That said, the Enemy of my Foes are, well, my Friends...


This picture works off the double down rule, and since eye have a proprietary system that tagged 266.51 as the Yearly Pivot, only then can I even calculate said levels and numbers below...

Bascally, Spy went up 7.50% for the year(286.58), Droped down and through the Pivot(266.51), erasing the entire Yearly Up-Age, and sits as 261.50! Going up to 286.58 and then down to the Pivot was 20.07 points! I have data that suggest that if you go Up a certain percent, 7.5% in this case, then down -7.5% has history, hence, we subtract 20.00 from 266.51 and get 246.51, simple enough, Right??

We've already tagged 252.92 so 246.51 isn't that much lower, could happen in a day with the 10.00 daily ranges we've been posting??

First wave down to 266.51, second wave down to 246.51, but it's the third wave that has me concerned???




This second chart is what eye like to call symmetry in motion and if you're right then price will work it's way up to the upper right hand corner of that Octagon and break-out?? I suspect that since we came into that Octagon from the upper-left that we'll exit lower-right??

The good news is that there is room to move up to 2712 +/- B4 the, well, Bottom falls out :-(

[NetNeutral]

For anyone interested this is a good read...

This Evil Speculator is not only good at what he does, he's from Europe which means he's an outsider looking in, sometimes a good view to consider??

http://evilspeculator.com/the_end_of_the_beginning/

[restripe]

Nice post. If you had to throw out a wild guess when this might happen what would it be? Thanks