You already know what I think. That the short term has apparently flipped, but the Intermediate term is still Up and that once that Intermediate trend flips, if it does, then it's hard down.
Thanks Allan, appreciate your confirmation of what I think you think :) I'm still learning. Got in way too early in to the short position and got burn pretty hard. I also don't have the platforms you use. I am looking at the BWT, but have not received a call back from them. I can only trade early morning before going to work, occassionally during the day at work, as long as its not excessive :)
From my calculation on price and time ratios, the TOP have been made today. Starting from today, we should see a 2 month down trend.
3/6 - 6/11, gained 290 points in 97 day for wave A. 7/8 - 9/17, gained 205 points in 69 days for wave C. A/C = 1.414 (sqrt of 2) in price ratio, and 1.4 (close to sqrt of 2) in time ratio. So from the geometry view, the rally top has been made.
From the high of Oct. 11, 2007 to March 6, 2009 is 512 calendar days days. .382 x 512 is 195.5. Add 196 to Mar. 6 and you get Sept. 18 (today if 195).
Sept. 18 is also the new moon (Rosh Hashanah) with some other astrological conjunctions coming into play. Remember the Jewish traders' mantra, "Sell Rosh Hashanah, buy Yom Kippur" (worked perfect last year).
Also I believe the SPX is at the 50% retracement mark and the 100 day EMA.
Isn't tomorrow quad witching?
So combining this with the above, either today or tomorrow! If not, one of these days we will be right.
5 comments:
Allan - yes, its broken. Curious, do you think the uptrend will continue or do you think its down hill from here on out?
You already know what I think. That the short term has apparently flipped, but the Intermediate term is still Up and that once that Intermediate trend flips, if it does, then it's hard down.
Thanks Allan, appreciate your confirmation of what I think you think :) I'm still learning. Got in way too early in to the short position and got burn pretty hard. I also don't have the platforms you use. I am looking at the BWT, but have not received a call back from them. I can only trade early morning before going to work, occassionally during the day at work, as long as its not excessive :)
Regards,
R
Thanks Allan.
From my calculation on price and time ratios, the TOP have been made today. Starting from today, we should see a 2 month down trend.
3/6 - 6/11, gained 290 points in 97 day for wave A.
7/8 - 9/17, gained 205 points in 69 days for wave C.
A/C = 1.414 (sqrt of 2) in price ratio, and 1.4 (close to sqrt of 2) in time ratio. So from the geometry view, the rally top has been made.
Just need confirmation for next few trading days.
Rich
From the high of Oct. 11, 2007 to March 6, 2009 is 512 calendar days days. .382 x 512 is 195.5. Add 196 to Mar. 6 and you get Sept. 18 (today if 195).
Sept. 18 is also the new moon (Rosh Hashanah) with some other astrological conjunctions coming into play. Remember the Jewish traders' mantra, "Sell Rosh Hashanah, buy Yom Kippur" (worked perfect last year).
Also I believe the SPX is at the 50% retracement mark and the 100 day EMA.
Isn't tomorrow quad witching?
So combining this with the above, either today or tomorrow! If not, one of these days we will be right.
- cramar
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