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, April 6, 2011
Kicking and screaming higher!
The ISEE is neutral
Stock above 50 dma are considered on a buy but getting over bought
The up vol % has been 50% ,58%, 61% so neutral also.
What is bearish the vix. It has been a good time to buy longer term puts of think more bearish with it under 17 of late.
Sunday, April 3, 2011
Trend is UP until.
As far as my model I think i said it but it went to VST buy on 3-24 crossing both 1298.33 and 1304.28 on that same day. On 3-29 it confirmed a up CIT was happening.
Today and yesterday we started to look weak but not close enough to a sell, for Monday 1321 could kick it off but not going to happen. When we hit 1344 and plunged the next day I felt it was not a high because it didn't follow the pattern I have worked on in the archives.
IE: you hit a high then pullback next day but 3 day you do a fakeout rally not topping but scary.
Subscribe to:
Posts (Atom)