Sunday, October 28, 2012

If you go back to my archives for early July 2012, you'll see how I made price predictions from planetary alignments and how those turned out.

Well I'm at it again with these charts.  The wide horizontal lines are the price projections, and the wide vertical lines are the days when price should be in one of the outlined areas.

This one shows the possible places I have for price on Nov 6


This one shows the Nov 9



I think we're due for some alternation here.  Notice how the last full cycle was down two for two cycles and up for one.  We just had two cycles down, I think we're due for one up again.  So in the charts above, i think we're headed for the upper lines.




Here's a proposed channel:




"The stock market is now 19 weeks into its intermediate cycle, which generally lasts 18-22 weeks. So we are well into the timing band for that major bottom".  I buy that.  I picked it up from this blog:


If any of these lines break, I may change my position:


i still have concerns about these sectors, so i'm ready to short if the trade doesn't work out.




Thursday, October 25, 2012

I was a little disappointed in the last prediction (I made it the red vertical line below).




The rules I use are that the vertical lines will occur on either the last day of the previous cycle or the first day of the next cycle.

So looking at it here, it's clearly a failure.  However, if we look at it using 30 minute, we get a different view.


From this view, it appears the prediction worked perfectly.  Although a lower low occurred the next day, it's clearly engaged in a different behavior.  And the day in question was the transitional day between the cycles.

Tuesday, October 23, 2012

60min



The cycle is due today.

Overnight gapped me for a loss, but I was able to quickly get short and ride it to the bottom to get even, then go long at the bottom, but followed it up too closely with a stop, so only a small profit.

The next cycle is Fri-Mon, but most astro events are happening Sun-Mon including a full moon on Monday.

I can't see getting back in with another long position from here.  I don't like the way these charts look and I think upside potential from here is limited.  In those cases with trend lines, I think price will simply revisit the trend line before heading down and it isn't far to the trendline.

Risk / reward for a long position doesn't look good to me right here.  I'm sitting in cash.

I would like nothing more this cycle to fail and we just keep going down.  However, I will be patient.  If we do rise for a few days, the gun should be loaded for another impulse down next week.









Hanging tough and taking the pain on my long position.

But if 1411 on S&P futures breaks, I'm flipping to short.

Watching this chart like a hawk.


Monday, October 22, 2012

I'm bullish for the rest of the week and looking to get out Friday.  However, I only have a moderate long position and I'll remain vigilant and ready for heavy reverse if the bottom trend line is broken.

S&P hit expected bottom:


Cycle is due:


Global S&P not looking quite ready to drop.


S&P sectors via SPDRs.  
Financials and energy not looking ready to fall.

It seems like these would show more of a definite topping process if we were going to fall through the floor.

Flag

Flag


Large pennant, or symmetrical triangle 


Channel


If all of these tried to make a move up and that ended up being very weak, then I'd say they're ready to fall.  To me it all just doesn't seem quite exhausted yet.  We'll see.

Saturday, October 20, 2012

So far so good on these calendar predictions.  Again, the yellow/white lines will often hit on the last day of a leg or the first day of the next leg.



For the next turn, I couldn't quite narrow it down as to whether Monday, Tues, or Wed would be the first day up.   I looked at the $SPX chart and couldn't quite decide whether the this leg would end at the 50ma (i.e. low came in Friday) or at the yellow downward sloping trend line (ending around 1420).




I decided by looking at the SPDR ETFs representing most of the S&P sectors.  I think most of these charts are going to try to hit their blue trend trend lines, which would mean at least one more day bearish candle.


Whether the first bull candle occurs on Tues or Wed depends on how Monday goes.

Of course there's the possibility that I'm completely wrong and price just blasts down through all of this stuff like it doesn't exist.  If that happens, I will totally jump on the bear train.