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
Friday, December 21, 2012
Calls for more down,maybe
Just how much the day changed.
This snap was taken at 11am and looked like a crash day.
As you can see by the close the vix had improved
second chart.
We also had buying start to appear after lunch. With all the news on Cliff if we didn't crash there then I find it hard to see Monday down.
If we look at the $CPCE it suggested a bottom was coming so was that it?
I just don't have enough data on my spread sheet to suggest we were overbought enough yet.
As we rallied I kept getting only one indicator in sell mode out of 3 so I need to be suspect that many will not see this as a buying opportunity.
Stay tuned.
Jerry
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