Trending the SP500 SPX using proprietary cycles. A mechanical program (excel formula's) and the use of Advanced Get (Elliot waves) to both visually show what my spread sheet offers and how Advanced Get understands it. I'm also using a MOON COUNT that has been working nicely! Use at your own risk to supplement your own work. Jerry
Wednesday, January 19, 2011
Update on bar count
The bar today was more bearish than expected. I have been saying to any one that would listen we will mount a rally Thursday. The way I see it. POP the open , HOD by 9:45ET, then down 10+ SPX points, mid day, to recover to close.
Today Vix went over 17, I said we would be lower if that happened. watch it.
Isee was too Bearish 86 = bullish 1 day
Trin 2.31 bearish = bullish 1 day
Upvolume 11% =Bullish 1 day
The trin,isee,upvol and you match up with 5-18, or 8-19. We mount an afternoon rally I would say it is shorted.
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