Wednesday, February 29, 2012

FIBO Target Reached.

the 1376 area has been reached: Oct 4 ~ Oct 27  =  Nov 25 ~Feb 29

The next two weeks will be interesting.

Wednesday, February 22, 2012

General Comment

Something very significant is going to affect many markets between March 11th and 15th.

SPDR GOLD TRUST: Breaking Out


Tuesday, February 21, 2012

Friday, February 17, 2012

Wednesday, February 15, 2012

Monday, February 13, 2012

Sweet Spot: 1370-1380

Dow Transportation Index

Russell 3000 Growth

Sunday, February 12, 2012

Classic Intermediate Cycle Highs?

S&P 500
  • Swing Pivot @ 1300
  • RSI divergence
  • ADX 'hook' (2nd)

GOLD
  • RSI divergence
  • ADX 'hook'
  • potential intermediate cycle high being formed
  • Support 1650 & 1600
  • Prices finding resistance at the December highs.

Saturday, February 11, 2012

Thursday, February 9, 2012

Keep an Eye on the Transports & VIX

CBOE VIX
  • Wedge apex near low support level
  • A break to the upside would suggest a decline in the S&P 500

S&P 500
  • RSI divergence
  • ADX secondary signal?
  • Diagonal Support at Vesica Piscis (purple). A close below this support would suggest lower prices.
  • A close below 1306 would confirm intermediate cycle high.

Fibonacci Ratios 
  • this chart was posted in mid-January showing harmonics at the 1351.93~1352.11 level and 1376.55
  • Thursday's close 1351.95

Thursday, February 2, 2012

Some Interesting Charts

Dow Transports 
  • intermediate cycle top in the process of being formed
  • major support at diagonal time-price square
S&P 500
  • intermediate cycle high being formed
  • sell at break of vesica piscis trendline (any close < 1306)

US $  
  • market is very oversold
  • the structure of the expected bounce will tell much about the long term and intermediate cycle status.

10 year T-Note 
  • short opportunity of a generation is approaching
  • monitor T-Notes for spectacular selling opportunity.