Looking for a rally a few days

Update for Thursday

Looks like it will start with a great rally.
PC ratio2.01,Trin, Tick all bullish. Su all day

Update For Wednesday 9-28.
We are over bought but just barely. ( 1 of my indicators) I think the sell comes Thursday/Friday am so far. Isee looks bullish (wed) and would like to see Vix lower to name a few other opinions.
This is a blue week same as last month EOM window dress. I'm net short and day trade the up moves. Wed low am ,hi pm day. Click image to enlarge.








Update for Tuesday: As long as indicators remain in a normal range working great. I have no call for Tuesday or target.


My view here for this week is we could rally.
Why? I have several proprietary indicators showing we are very over sold ( not RSI and the like)then their is EOM window dressing

We also had an inside day Friday I consider that bullish! Will stick with my posted targets at Khalsas pad ( link on right) and that is 1139 ( hit once) and 1162 all Spx. My plan for Monday we could test 1114 ish again, BUT if we close higher than Friday's close we need to be long. That is my best guess and how I will play.

History + the Future click chart to enlarge.......
This chart shows us breaking down under the angle with the 50 day moving average and wave 5 targets.

Where are we? This chart shows a fractal from the ATH 15wks then 8 weeks, if we get a close repeat we have 3wks left. Mid Oct.......





There are many cycles hitting in mid Oct suggesting an area where a major low could happen. Mine seem to center on the Oct 1st to 21st not close enough? Well we wiill update when it gets closer.
This is a chart of the color weeks. Does it tell a story? Link to right to read all about it.

Please visit all sites on my favorite list. Tell Gord that black back ground is tough to read the fonts. Could be me.

Short term sells are here

In my group Friday I posted today is get short day. Near the close I did.
Saturday I found this on CNBC from GS who is singing a new tune, and bearish if you ask me!

Nothing Bullish

If we look at MACD we notice it is same area as Oct 2008 and Feb 2009 and ready to offer a sell
seen very clearly on the second chart.



Just a note of importance: If the Dax = the Spx at this level of Dax then Spx would be 950ish. This spread will tighten sooner than later. Here is a chart of Spx with Dax in black line you be the judge.


Remember it is triple witch this week.


Monday only we want to be long 1166.87 or short 1145.49 Spx Personally I expect much lower at 10:20 am. and go from there. ((S1 Friday =S4 Monday)) Decoder ring talk.

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