1200 first? update 9-8-11

Where are we ?? My guess!

We will try this again using % and months. On the chart I have the ATH + months to correction point 1270 Spx or 19%
Then we have the 2011 high 1370 so far a 17% drop.
If ATH =1576-1270 306 points then 1370 -306 would equal 1064 Spx .
History may come close or not.
Remain short this should run to Aug 2012 to 2013

Now vs June July 2008

Click charts to enlarge

We do have the June July 2008 look. If that is the case then we should bounce around for the next 15/20 TD's before we plunge again. Target could be 1192 to 1222 Spx.

On this chart you see 5 years of support resistance in this area.


When things get bad a back based review helps ( 5years)

Wave 3 still in progress

We didn't get much of a bounce.
I'm on vacation. Holding my bearish etf's.
Looking: 1065 1075 spx

New Target for Wed-Thursday

Looking up for Wed Thursday target 1266, possible 1289 spx JO

But remain net short with bearish ETF's

Targets for Monday or Tuesday

On the chart below I have targets of Spx 1247.07 to 1269.04 for Monday or Tuesday.Those numbers come from 7% lower than the 5-1H or the 7-7H
I prefer 1247.07 or less for a perfect low.
That would include a trin of 2.50 or higher. A lower HIGH,LOW,ClOSE of day before.
click chart to enlarge.

Possible Action

High very close within next 6TD's

The 1355 never came as the green trend line became resistance. Now we will be looking for the
perfect low under 1300 some where.




I'm looking a high within the next 6 TD. We are close to a high with spread sheet numbers.
I would like to see the vix a little lower, the SPX above 1355 and a burn out on upvolume (92%?) with a tick over 1000+. The end of month has many 30 degree cycles of high and lows.

I have rented an excavator to dig trenches for a new deck, so busy measuring and buying the 12"sono tube and base. Town rules! As pictured.

Daily & We maybe trending higher weekly

Spx for Monday 18^th

Friday we hit 1316.70 resistances closing under it.

Monday we have proprietary S/R cash (gspc or spx) 1312.16 and if we go under it a drop could come fast.

What’s Bullish

1-My charts look bullish.

2- Inside day = bullish to me

3-Vix negative = bullish

4- I had a major oversold condition 4 days ago even as we work lower it creates a bullish divergence.

5-I have a 2 day sell on my trend model =VST bullish but alert.

6 -OB/OS Indicator says bottom.

6a- T/Bottom indicator is 80 pts from top.

6b - % vol is bullish my indicator.

7- Advanced Get still holding a wave 4 so 5 is up.

8- ISee @ 61

What’s bearish.

Support must hold 1312.16 or 1298 for AGET.

News

Earnings unknows

1309.87

1320.05

S1-------------------------- R1---------------- Green day of Green week.

Bottom line bullish but will adjust above notes as week unfolds.

All this bad news and we can't go down


SPX could be heading for test of 1355 again

OE week Friday nasty like 2002 ?

All SPX for Friday

Tuesday guidance number 1329.87 looked and should have been bearish. We had a winner again 3 in a row. 1 loss

Wednesday that number is 1320.25 with a big spread. Thus 1320.25 will either be strong resistance, a break higher we could retrace in a major rally or we will be flat to down.

Either way a higher hi will hit Wed over Tuesday

Thursday that number is 1322.97 note we hit Tuesday# as resistance.

I think we take out 1322.97 with ease.

FRIDAY # 1316.70 Go above bullish, If we can’t get to it very bearish.

Isee was bearish 76, and the Vix is front running the drop to quickly

We are 60% upvolume points away from the ideal top. Now 104%

Indicator #2 neutral

We have a sell on vix + spx ( record failed last 7 of 8) worked yesterday

The current AGET wave 4 will fail at 1298.xx so far so good

This may sound weird: The trend model will go to a sell. 1308.81

Update we close so low my model went to a CIT sell warning--- BUT it needs a few days

Model Sell alert again

.

Bottom line Friday down but 1316.70 can rally it.

I have a low look out for July 20^th as I have said..

My best thoughts.

Jerry

Lets be real this is a news driven market so things can change fast.

Never invest on what you see on the internet unless it agrees with your own work.

Note to Jerry O report what you see, not what you think

**********************************************************************************

All SPX for Thursday 14th

Tuesday guidance number 1329.87 looked and should have been bearish. We had a winner again 3 in a row.

Wednesday that number is 1320.25 with a big spread. Thus 1320.25 will either be strong resistance, a break higher we could retrace in a major rally or we will be flat to down.

Either way a higher hi will hit Wed over Tuesday

Thursday that number is 1322.97 note we hit Tuesday# as resistance.

I think we take out 1322.97 with ease.

I think we go higher.

Isee was flat 109, and the Vix is front running the drop to quickly

We are 60% upvolume points away from the ideal top.

Indicator #2 61 points from top

We have a sell on vix + spx ( record failed last 7 of 8)

I have a 144TD H Thursday 14^th minor or not.

So I expect a rally at least till Thursday.

The current AGET wave 4 will fail at 1298.xx Looks firm tonight.

This may sound weird: The trend model will go to a sell at 1291 for Tuesday only.

Update we close so low my model went to a CIT sell warning--- BUT it needs a few days

Model Sell cancelled

.

Bottom line Thursday UP less 1298 fails

After Thursday

I have a low look out for July 20^th as I have said..

My best thoughts.

Jerry

Lets be real this is a news driven market so things can change fast.

Never invest on what you see on the internet unless it agrees with your own work.

Note to Jerry O report what you see, not what you think

Update for Wednesday:

All SPX

Yesterday’s guidance number 1329.87 looked and should have been bearish. We had a winner again

Today that number is 1320.25 with a big spread. Thus 1320.25 will either be strong resistance, a break higher we could retrace in a major rally or we will be flat to down.

Either way a higher hi will hit Wed over Tuesday

I think we go higher.

Isee was bullish 135, and the Vix is front running the drop to quickly

We are 0% upvolume points away from the ideal low. The low was today on that indicator and late plunge.

I have a 144TD H Thursday 14^th minor or not.

The current AGET wave 4 will fail at 1298.xx Looks firm tonight.

This may sound weird: The trend model will go to a sell at 1291 for Tuesday only.

Update we close so low my model went to a CIT sell warning--- BUT it needs a few days

So I expect a rally till Thursday also based on the model.

After Thursday

I have a low look out for July 20^th as I have said..

My best thoughts.

Jerry

Lets be real this is a news driven market so things can change fast.
Never invest on what you see on the internet unless it agrees with your own work.

UPDATE: for Tuesday

All SPX

Yesterday’s guidance number of 1343.05 with a spread of -.75 looked and should have been bearish. We had a winner.

Today that number is 1329.87 with a big spread. Thus 1329.87 will either be strong resistance, a break higher we could retrace in a major rally or we will be flat to down.

Either way a lower low will be hit. Tuesday

I think we go lower.

We are 37% upvolume points away from the ideal low. I also have a low look out for July 20^th as I have said..

The current AGET wave 4 will fail at 1298.xx

The trend model will go to a sell at 1291 for Tuesday only.

My best thoughts.

Will watch spx 1343.05 for direction Monday
click chart to enlarge
Looking for a low on the 20th (13TD count)