If on a closing basis we
are above 1106.83 SPX we will have a CIT to up!
Sunday, June 13, 2010
Trend could be changing to UP
We went to a VST buy on the close Friday.
If on a closing basis we
are above 1106.83 SPX we will have a CIT to up!
If on a closing basis we
are above 1106.83 SPX we will have a CIT to up!
Tuesday, June 8, 2010
Major Trend still down...
We seem to have a low on the 7th at this posting so the 16th a lower higher( see degree chart under)? We had VST buy/sell and a need to hit 1094 as of today to get yet another VST buy not tradable.
As far as I can tell we are still in a Wave (3) down less that target of 1102 that was hit is a wave (4) at the 200 dma resistance, and we plunge. We have many points of protection so we stay short with Bear ETF's till this cycle plays out.This is not a churn your account type system so relax.
As far as I can tell we are still in a Wave (3) down less that target of 1102 that was hit is a wave (4) at the 200 dma resistance, and we plunge. We have many points of protection so we stay short with Bear ETF's till this cycle plays out.This is not a churn your account type system so relax.
Sunday, May 30, 2010
Trend remain's down
New targets for wave (4) 1102 to 1122 if wave (3) is really done.Look for 6-7 if high then 6-16 low.
My hit for 5-26 was 5-25 plunge.
My hit for 5-26 was 5-25 plunge.
Saturday, May 22, 2010
Cycles and Aget thoughts
With volatility so high expect targets to be exceeded.
Not sure the Wave 3 down is done MOB suggests spx 1017 or less I have 26th as a target low.
I think one more thud low before we turn up to get shorter.
But just in case wave 4 targets are projected as of today. 5-21-10 close
I will be traveling for weeks so no updates probably.
In time we are coming off 48solid TD rally we have just dropped 16TD so expect this 1/2 to 1/3 done. But this is not a timing, but trend following.
Again the chart follows the spread sheet, but the spread sheet offers a cut dry view.
Not sure the Wave 3 down is done MOB suggests spx 1017 or less I have 26th as a target low.
I think one more thud low before we turn up to get shorter.
But just in case wave 4 targets are projected as of today. 5-21-10 close
I will be traveling for weeks so no updates probably.
In time we are coming off 48solid TD rally we have just dropped 16TD so expect this 1/2 to 1/3 done. But this is not a timing, but trend following.
Saturday, May 15, 2010
Wednesday, May 12, 2010
Sunday, May 9, 2010
How to read my chart, using ETF.
Warning you should have at least 3 years experience to invest . I don't offer names (ETF's bullish or bearish) use Google to search. Search engine(Google) right here at your finger tips. Amazon too has the books,etc.
On 1-20-10 you would buy a bearish ETF when the Spx was at 1143 (aggressive yes it could whip but worth a chance) the CIT ( change in trend ) came next day on 1-21-10 @1134 you stayed with this position till 2-12@1075.59 or 2-16 @1083.46 ( bullish ETF search Google ) You stayed with that till 4-30 @1200 or 1198 ( see spread sheet) where again you revered. So currently you/me are in bearish ETF's.
FAQ- But Jerry we could have sold at 1044.xx we missed some. Yes in a perfect world but that 1044.xx could have been 945 or 845 so we play safe and buy the gravy run. Over time you will capture many more points.
K.I.S.S my policy = (keep it simple stupid)
What next? We wait till next signal ,since all 3 cycles have hit this could take some time weeks, month?
Elliot Wave -I have a simple understanding,but since it works only 50% of the time ("Robert Miner") I let Aget make the call. That program did call the March 6th 2009 bottom and looks to have called a top here in April 2010
Using some of my links will help me to pay the bills.Thank you.
Jerry
On 1-20-10 you would buy a bearish ETF when the Spx was at 1143 (aggressive yes it could whip but worth a chance) the CIT ( change in trend ) came next day on 1-21-10 @1134 you stayed with this position till 2-12@1075.59 or 2-16 @1083.46 ( bullish ETF search Google ) You stayed with that till 4-30 @1200 or 1198 ( see spread sheet) where again you revered. So currently you/me are in bearish ETF's.
FAQ- But Jerry we could have sold at 1044.xx we missed some. Yes in a perfect world but that 1044.xx could have been 945 or 845 so we play safe and buy the gravy run. Over time you will capture many more points.
K.I.S.S my policy = (keep it simple stupid)
What next? We wait till next signal ,since all 3 cycles have hit this could take some time weeks, month?
Elliot Wave -I have a simple understanding,but since it works only 50% of the time ("Robert Miner") I let Aget make the call. That program did call the March 6th 2009 bottom and looks to have called a top here in April 2010
Using some of my links will help me to pay the bills.Thank you.
Jerry
We have just signaled the 3rd cycle sell.
- The 3rd cycle will only appear on the spreadsheet or it will make charts look too busy.
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