29th 30th July 2010

Having Internet issues so will post what I think next 2 days. Not much technical damage today. (wed)
Sell number have moved up from spx 1099,1102, now 1103 for Thursday however I have Thursday 29th up based on blue days.
7-13 Blue was up, 7-12 was down, so 29th up?
Low at 10:30 +/-15m would support that.
Also will add my 15degree chart below looking for I think a high on the 30th (End of Month window dressing,-- all ready?)
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Some are real Good.

Still bullish 28th weakness best guess.

A take out of spx 1102 pivot will put me in VST sell mode.This is Wednesday of Orange week

Last Orange wk 6-28 dn hard Next one on 7-6 up hard.

This week a split? Up/dn ish

Vix hitting 21.86 is a hint of down.Watch Dax for strength or weakness. twin mkts

S1 last 2 Red, dn, next one was up, so tomorrow dn. 28^th

28^th is also my 119td low.

Other than that we are in an uptrend for weeks.Thinking buy the dips less 1056.88 spx is taken out.

I think we are in a speculative 5^th wave and the reason I say that is my

Penny stock has come alive PTSC.ob (Patriot Scientific) and that is what Advance Get has as a wave.

Not trading advice.

Chart below of the Bull I see!

Bullish if

Bullish why not.
3-Cycle models are all up ,days,wks,month.
Looking at my chart you see the MACD crossover pattern.
We have broken above down trend line.
AGET has us finishing a Wave 5 targets 1115.77
to 1168.98 SPX
Thoughts-Still look for a high 26th, 8td and a low 28th based on the 119 td count
8-17-09L+119, 2-5-2010L+119,= 7-28-2010L. That low could be fast and bounce off 1056
The 26th high should have a vix under 22.99 if not lower,best case adding to short term OB conditions.

Trend is UP

Blasted above 1077 in seconds all ST trends are up.
Look for High the 26th (8td pattern) first guess, possible low on the 28th (119 td).
Still need to see VIX @ 21.50-22.99 for a top and a few other things.
Keep it simple.
Jerry

Cracks.

Cracks appeared to day Wednesday with this test of Tuesday low. Thursday we could have more down only to recover at close. My trend model has gone to an aggressive sell but will recover above a close of 1077 spx. Still think high is 26th but I do have some Short ETF's because my fear in down not up.
The chance to see spx 1000 is high after this rally.

1056.88 Close enough to 1052

Not trading advise. Use with your own work.

1052/1041?

        

Why I don't think this is a Head and shoulders (sample) so we should rally out of Tuesday.

Watching

MIXED

Went to a CIT buy on Wed close 7-14  but many indicators say we are overbought.
Just to fast for a trending market, risk little till after Monday 19th to see if we spike higher  ( spx 1116)  or so and then plunge.    Pure speculation at this time.

MIXED

 Cricital Area
Short term (days) buy was on 7-9 crossing 1070
Med   term (wks)  sell
Long term  (mth)  sell

Have moved to ST buy but aggressive could be whippy.
We have moved to OB very fast, still looking for $vix lower than 30 before a serious decline.Not a trending market making it hard to track. We have been in an extreme trading range.