Thursday, February 28, 2013

Closing Reversal !!!!

A rally back into the sell zone and then a closing reversal....ideal!!!!  A close below 1485 will likely be the beginning of a relatively large decline in the days/weeks ahead. Money/trade management is where one's focus should be now.

SPEED TRADE INSANITY

Sunday, February 24, 2013

S&P Short Set-Up

S&P 500


NASDAQ

US $


Thursday, February 21, 2013

Tuesday, February 19, 2013

Transports & S&P 500

Long Term Transports 

  •  all time highs
  • breaking above circle and parallelogram 
  • appears headed to 6700

S&P 500 Daily

  • market becoming quite over-extended
  • cycle harmonics Feb 26-March 1, 2013 (AB = CD) (geometric harmonics)
  • RSI and DMI(14) forming a bear set-up
  • overdue correction on the horizon
  • 1495 = Major Pivot Support



Monday, February 18, 2013

YEN Long Term

25 year YEN 

  • Base: AB decline
  • BE = 2(AB)
  • E = Time-Price Harmonic
  • Support @ FG & HI

Gold


  •  based on AB advance.
  • AC = 1/2AB
  • harmonic support during AB was at 'ab' which is the 1:8 harmonic. bF = aY = 1/8AB (blue stars)
  • major support at XG (broken) 1:4 harmonic  (GF = 1/4 AB) (red star)
  • resistance at BH (90* to Square AB diagonal (2BD))
  • next support @ H (1500)  resistance @ G (2000) 
  • diagonal support at YH
  • the break of DG suggests lower prices--perhaps to YH-- unless there is a return above BH in the immediate future


Thursday, February 14, 2013

Exhaustion?

The S&P appears to be ready for a 'correction' since it has now overbalanced in both terms of price and time. 

Conventional technical charts indicate that the market is in a classic over-bought condition.