Not very bearish here

All my friends are bearish. Sure this AGET shows
a W4  abc, sure the AGET bias went to a sell.
We see a series of pitchforks. We see  what I think will hold 1400 SPX or 1393 worst case.
Sure we have a lot of crossovers on MA's. ready to kill this market.

But my spreadsheet doesn't agree.
The Vix is hitting 17.XX right where the last low appeared.
We have a 55TDL Wednesday but the oversold condition we had should have us hit the current high again for a double top at least.
Still in cash not ready for puts yet. Not investment advise.
Jerry

Astro by Gabriella

A friend of Trendsby3 having a proud day in
Tel Aviv working the Astro.

You can contact her at (below) or a link in favorites on right.

http://gabriella-mittelman.com/

http://astrologyandthemarkets.blogspot.com/

 

 

 Gabriella best to you. 

Jerry

Getting OB

Starting to get overbought.
This chart shows you can stay OB for many moons.
My spreadsheet is getting close to numbers I like to see.
I think we need a little more time like Dec 2nd but stay vigilante ,
I hope 1424ish will be top end.
Tell me what the boyz in DC are doing?
We could be looking at buy the rumor sell the news.

50 dma is creating resistance.

Still looks up

 Lets start out with the bullish look. Here we have the Rail Roads still climbing from the 11-16 low.

Today should have been the 144TDL from May 1st-2012

The most at this time is a daily scalp  here and their.

 This is the Elder Impulse chart and still in the green despite the drop so far.
The CCI and MACD not bearish either.

 Looking at this break or not, we are hanging in there and well within the limits. The brick wall was hit but with EOM rally coming I can't get to bearish.
The vix is quiet.

The bearish look is Advanced Get gave a sell bias.
Two days in a row of inside days- unknown
The Oex PC after too days low numbers returned
to more normal 2.03 perhaps making the other 2 days equal.
The fools in Washington DC playing games with our money!
A break of SPX 1370, not expected.

More up

More bricks in the wall, stopping at resistance. I don't think this is a double top here but could keep us from 1420.
With today decline ( Monday 26th) that killed my OB thoughts.Will see how this resistance acts.
Inside day today is bullish to me.
Oex p/c @ .78  unknown.
As I said yesterday the high is ahead of us and will add could be early Dec. Yes Christmas and holiday sales are strong but will create buyers remorse in January 2013 and the tax man in Washington DC is licking his chops.Beware!

On hold.

http://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL


My thoughts
"As far as, can I pick a CIT here, no I can't, who can?
Sure we have a trin of .42 my source, and a Oex P/C of .58 both a rare treat and extrmemes in my book are bearish but I have everything else on the cusp.
A market that was that OS, should get at least OB.
If you take the average 5td trading points and divide
 by 2 it suggests  a 2-3 more td top.
I have a 144 tdL Tuesday that could be a high or 1 day event dn.
Maybe one more day will clear the air."

Brick wall #1

Just another brick in the wall?
Clues?

Ca-ching

Just sold at 3:55 my weekly Oex 615 C , profit $7.90
Me selling volatility and what I think the market will do could and should be different.
Jerry

I will stay long...

I think this say's it all. You need to study this chart.

BTW I was surprised we took out Thursday low and had an outside day. Not a favorite day as most are bearish. I made $1.20 on 1 option oex 615C.
I have now moved to the next week 615 oex C
again.

Jerry






From CNN  http://money.cnn.com/data/fear-and-greed/?iid=H_INV_QL

Will add to right for link under favorites!

Get Long

 Putting my technical skills on the line.
This is a good place to get long for a Short term rally.
Personally I think the low was yesterday Thursday and Friday should open firm and not look back.

#1 upvol up an a down day is bullish
#2 trin .68 I have. bullish
#3 All of yesterday charts. bullish
#4 todays charts. P&F  looking at 1390 .
Has lowered the longer term to 1250 from 1290

 Here we have a nice fractal where pink line was crossed to bottom  and like wise in the second circle close to the same size.
My indicators are seeing the area around 11-25-11
 and 5-18-12 where we had sharp rallies.
















Cycles are looking for some movement.


This is for fun and games.