B L A C K S W A N

IT'S GETTING CLOSE...

LONGS PLEASE TAKE CARE.

IGNORE THE TROLLS AND LOSERS WHO CAN'T TRADE.

NEW LOWS ARE COMING.

BYE.

http://stockmarket618.wordpress.com

Like how the SPY just barely touches its 100 day moving avg, going to be interesting when it does finally break down hard and closes well below that, until then they will keep trying to prop it up as much as they can.

Feels like they are trying to find a direction, with the dow off and the nasdaq up one is going to follow the other eventually. A lot of push and pull in the market on down days, on up days however everything seems to be a bit more on the quiet side.

DOW weekly chart at blog shows rising wedge enclosed within massive megaphone top - warning of another Black Swan that came out of nowhere and nobody could have foretold . . .

http://stockmarket618.wordpress.com

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Quote from GrandSupercycle:

DOW weekly chart at blog shows rising wedge enclosed within massive megaphone top - warning of another Black Swan that came out of nowhere and nobody could have foretold . . .

http://stockmarket618.wordpress.com

---

luisHK, you are wrong once again.
I get approx 1,000 hits a day on my blog.

---------------------------------

Investors, ignore the trolls and would be traders.
A serious sell off is coming.

---------------------------------

Trend = moderate to strong USD bullish / EURUSD bearish.

Previously suggested short term upside for stocks – now looks
unlikely. What I am sure of is that resumption of equity correction is very close and bearish DOW/SP500 daily chart exerts more influence over mildly bullish intra day signals detected last week. Daily signals indicate directional move down is imminent.

Futs last 12,424

Huge Miss! But dont worry Bubble ben bernanke has QE3 coming soon!



Chicago PMI Index at 56.6 in May Vs. 67.6 in April

3 misses today



Miss in housing numbers

Miss in PMI

Miss in Consumer Confidence numbers


Whewwwww


Only bolds for a positive week as Bubble ben bernanke gets ready for the release of QE3!!!!!

CURRENT TREND = USDX bullish-neutral / EURUSD bearish-neutral
GBPUSD bearish / SP500 bearish-neutral


XAUUSD (Gold in USD) weekly chart at blog shows steep uptrend and reveals how far it is from long term trendline. This over extension will revert to the mean and I still expect significant Gold downside once equity sell off resumes.

WILE E. COYOTE CORRECTION RESUMES ...

S&P500 weekly chart showing rising wedge enclosed within massive megaphone top – warning of another Black Swan.

Ignore the trolls and would be traders - be careful folks.

http://stockmarket618.wordpress.com...6/01/wed-june-1

Buying opportunity as usual, last week when the SPX dipped this low I predicted 1340+ it came within 5 days......Every single time we see a dip like this it gets bought, over and over and over again and I dont see it being any different this time, markets will probably get a bit of a relief rally tomorrow and by friday probably erase about 1/2 of today's losses.

If the SPX closes below 1300 and starts to break all support levels then any bounce for now would be over, but as long as they can hold these levels in the SPX everything is still fine.



So here goes, a close below SPX 1300 and that will psychologically trick the longs to start selling because shortly after that 1275-1280 is the next support level, that breaks and 1260 has very strong support, after that the SPX would pretty much go into a free fall if that level is taken out. So it will be interesting to see whats coming up over the next few weeks as QE2 comes to an end which we all know isnt as they get ready for QE3!

---

06-02-11
Quote from S2007S:
Buying opportunity as usual ...

---

Job numbers tomorrow morning, a couple of firms have lowered their predictions on the job numbers due to Wednesdays adp report. So tomorrow anything will look good, bad news is good news and good news is better news! The ADP report is usually far off from the actual. Any major increase in the unemployent rate and a job number that totally misses and markets could rally on definite news of QE3!!!!

DOW/SP500 downtrend strengthens, confirming overdue correction is underway. Futs last 12,115
Ignore the fake trader trolls - longs be careful !

http://stockmarket618.wordpress.com

Market slowly climbing back up as expected....this has been the buying area over and over again.....until it breaks just keep buying because it seems if they can bounce it higher from here next week 1330+ is back on. For some reason every time it looks like its going to fall it props right back up. Todays job numbers were down right nasty, this only means historical low interest rates and the push for QE3 which is going to keep the markets in rally mode.

S&P500 updated chart at blog - originally posted January and March 2011.

This monthly chart show a series of broadening patterns, aka
megaphone wedges. The three broadening formations pictured
reveal an unstable market where buyers and sellers battle for
control. The first two megaphones make clear the eventual victors.

Prepare for the next Black Swan which will be 'unexpected and
could never have been predicted'

http://stockmarket618.wordpress.com

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Grandsuperwhatever: "I'm sticking with my Feb 22 call that the DOW top on Feb 18 2011 signals the end of the rally." posted march 12

---

EURUSD upleg looks topped, so USD bullish.
Last 1.4634

Downtrend on key equity indexes strengthens further. Choppy
topping since Feb this year is finishing.

http://stockmarket618.wordpress.com

EURUSD still indicates it's topping. Last 1.4661

So USD bullish.

Key index weekly charts now give bearish signals - the
correction gathers momentum. Next S&P500 target is 1222.

Ignore the would be trader trolls - longs be careful.

EURUSD downtrend is confirmed. Last 1.4592
USD rally momentum increases.


Originally posted Feb 16, 2011:
When DOW/S&P500 correction gathers momentum, I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL.

SPX 1096 = 20% correction or bear market after SPX reached a high of 1370 only weeks ago!!!!

USD SHOWS FURTHER STRENGTH AS EURUSD ROLLS OVER.
Bring on the overdue dollar rally ...

Buy SPY now. It is 129.17. It will go to 132 in a week. Or you can sell naked PUT 129 for June 17. We had 6 days of down days. Expect a big rally. At least short term.

EURUSD downtrend and USD uptrend continues.

Key equity index weekly charts give bearish signals as the choppy correction gains momentum. S&P500 target is 1222 but that won’t hold. Unfortunately the March 2009 lows will be breached.

---

Quote from hajimow:

Buy SPY now. It is 129.17. It will go to 132 in a week. Or you can sell naked PUT 129 for June 17. We had 6 days of down days. Expect a big rally. At least short term.

---

---

Quote from GrandSupercycle:

EURUSD downtrend and USD uptrend continues.

Key equity index weekly charts give bearish signals as the choppy correction gains momentum. S&P500 target is 1222 but that won’t hold. Unfortunately the March 2009 lows will be breached.

---

currently market reaching 200dma balance point.

__________________
Guru,
-----------------------
"Happiness is not at the END of the road, its ALL the way along it"
------------------------------
I would not stop until I can say the following : " I can't help making money"

Key equity index downtrend on daily charts strengthens. Weekly
charts are bearish to neutral. I expect the overdue equity
correction to gain considerable momentum.

EURUSD downtrend and USD uptrend continues but EURUSD currently oversold and USD overbought.

USDCHF ~ consolidation continued for longer than expected however daily chart bullish signals have now strengthened and further upside expected.

Ignore the emotional pseudo trader trolls - longs be careful.

http://stockmarket618.wordpress.com

Gold/Silver bearish daily chart strengthens.

Could be time for a (short covering) DOW/SP500 rally.

Rally starting tonight and should roll into the end of the week....


SPX back to 1300+ by end of the week, once the rally starts tomorrow the continuation of this rally will last for weeks.....just wondering what happens after June is done with and QE2 is over, Im thinking QE3!!!

S&P FUT
1275.50 9.30 +0.73%
DOW FUT
11958.00 73.00 +0.61%
NAS FUT
2234.00 14.25 +0.64%

---

Quote from S2007S:

Rally starting tonight and should roll into the end of the week....


SPX back to 1300+ by end of the week, once the rally starts tomorrow the continuation of this rally will last for weeks.....just wondering what happens after June is done with and QE2 is over, Im thinking QE3!!!

S&P FUT
1275.50 9.30 +0.73%
DOW FUT
11958.00 73.00 +0.61%
NAS FUT
2234.00 14.25 +0.64%

---

---

Quote from tycoonman:

rally will be through the night but thats it.

---

think temporary bottom is found. i feel this is just a dead cat bounce.

More USD sell pressure / equity buy support and basing.
(ie bullish for stocks) Bearish bigger picture won’t change though.

No doubt about it - the bearish euro daily chart is increasingly
influential over smaller time frames - thus USD strength continues.



------------------------------------------------------------------------
Commentators and economists who keep referring to the
'economic recovery' and to the GFC in the past tense - will
be proven wrong. Unfortunately the charts indicate GFC 2
will be worse. ~ Tues June 14, 2011
------------------------------------------------------------------------

I now officially declare the USD rally open for business.
And the opposite for Euro. Last 1.4230

It took a while... but USD rally has started and significant upside is expected.

S&P500 VERY BEARISH WARNING - http://bit.ly/jC0Sau - http://bit.ly/j79lD5

Very bearish and getting worse too fast ,

__________________
Guru,
-----------------------
"Happiness is not at the END of the road, its ALL the way along it"
------------------------------
I would not stop until I can say the following : " I can't help making money"

thank you for info. However, these numbers also indicate support will likely hold.

---

Quote from EliteThink:

thank you for info. However, these numbers also indicate support will likely hold.

---

__________________
Guru,
-----------------------
"Happiness is not at the END of the road, its ALL the way along it"
------------------------------
I would not stop until I can say the following : " I can't help making money"

---

Quote from GrandSupercycle:

It took a while... but USD rally has started and significant upside is expected.

S&P500 VERY BEARISH WARNING - http://bit.ly/jC0Sau - http://bit.ly/j79lD5

---

EURUSD downtrend and USD uptrend continues and more expected as dollar rally strengthens.

Key equity index downtrend on daily chart strengthens. Weekly is bearish/neutral and significant downside expected.

Ignore emotional pseudo trader trolls. Due to ignorance and denial they will continue buying all the way down as the market drops. Listen to these clowns at your peril.



June 8, 2011
'Key index weekly charts now give bearish signals – the
correction gathers momentum. Next S&P500 target is 1222
but that won’t hold. Unfortunately the March 2009 lows will
be breached'

June 15, 2011
'I now officially declare the USD rally open for business. And the opposite for Euro. Last 1.4230'

'Originally posted Feb 16, 2011 and my opinion has not changed.
When DOW/S&P500 correction gathers momentum, I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL'

http://stockmarket618.wordpress.com

Think the market will get a relief rally today, most are waiting for the SPX to break its lows from March and eventually see the SPX close below 1250, but I think they will be able to keep it propped up the rest of the week.

I urge all traders to exercise extreme caution on this thread. Listen to GrandSuperCycle at your peril.

Buddy, your failure to acknowledge your mistakes ( there are many ) over a 10 month period destroys your credibility as a trader. End of story. You can bitch and moan all you want, make spurious attacks on people who challenge you, but the facts remain. You aren't very good at forecasting markets.

This will be more clear by end of year when equity valuations push markets higher, in stark contrast to your theory that March 2009 lows are in question. This is a lame attempt from yourself to create a career for yourself with a "hero" call. Standard scam in this business.

We are officially at the cusp of Bear market

__________________
Guru,
-----------------------
"Happiness is not at the END of the road, its ALL the way along it"
------------------------------
I would not stop until I can say the following : " I can't help making money"

It's now official: Nine_Ender is an unbalanced internet stalker who needs professional help.


EURUSD and USD reverts to neutral as daily/weekly charts exert
their influence once again. As mentioned, when USD rally does
gain momentum it's likely to be a rapid and substantial move.

What does that mean?
Are we reaching the bottom now for equity?

---

Quote from GrandSupercycle:

It's now official: Nine_Ender is an unbalanced internet stalker who needs professional help.


EURUSD and USD reverts to neutral as daily/weekly charts exert
their influence once again. As mentioned, when USD rally does
gain momentum it's likely to be a rapid and substantial move.

---

---

Quote from petesun:

What does that mean?
Are we reaching the bottom now for equity?

---

DOW/SP500/EURUSD weakness and USD strength continues.
More equity downside expected. Last futs 11,995

Prepare for the next Black Swan CRASH which will be "unexpected and could never have been predicted"
http://stockmarket618.wordpress.com

[Warning: Nine_Ender is an unbalanced internet stalker who requires professional help]

1250-1257 SPX


SPX breaks these areas next support isnt until 1225 or so then the big question of SPX 1200 comes into play....big drop could be coming even quicker if they dont prop it up soon above 1260+ but as well have all seen so many times before they will bounce it right back to 1300 within days as this has been the case over and over and over again!

---

Quote from S2007S:

Think the market will get a relief rally today, most are waiting for the SPX to break its lows from March and eventually see the SPX close below 1250, but I think they will be able to keep it propped up the rest of the week.

---

__________________
REVEREND MADASIN HATTER

---

Quote from S2007S:

1250-1257 SPX


SPX breaks these areas next support isnt until 1225 or so then the big question of SPX 1200 comes into play....big drop could be coming even quicker if they dont prop it up soon above 1260+ but as well have all seen so many times before they will bounce it right back to 1300 within days as this has been the case over and over and over again!

---

__________________
REVEREND MADASIN HATTER

1270 SPX

AAPL pushing to the upside, possible turn around this afternoon coming!

Let the PROP job BEGIN!!!

---

Quote from S2007S:

1270 SPX

AAPL pushing to the upside, possible turn around this afternoon coming!

Let the PROP job BEGIN!!!

---

Just like magic the markets are going up!

Once the nasdaq goes green in a few short minutes the DOW and SPX will follow.


No need to worry as the market has once again gained traction before breaking down past March 2011 lows, happens every single time!!!

---

Quote from S2007S:

Just like magic the markets are going up!

Once the nasdaq goes green in a few short minutes the DOW and SPX will follow.


No need to worry as the market has once again gained traction before breaking down past March 2011 lows, happens every single time!!!

---

Nasdaq Intraday highs!!!


If they can keep this momentum going by the close all indexes will be green which will be followed by a market rally in Asia and Europe markets tonight followed by a rally in the SPX tomorrow.


Even RIMM is up almost a Dollar

---

Quote from GrandSupercycle:

DOW/SP500/EURUSD weakness and USD strength continues.
More equity downside expected. Last futs 11,995

Prepare for the next Black Swan CRASH which will be "unexpected and could never have been predicted"
http://stockmarket618.wordpress.com

[Warning: Nine_Ender is an unbalanced internet stalker who requires professional help]

---

---

Quote from noddyboy:

Precisely. The time to sell was May 1st...The time to buy is Q3.

---

WOW whats happening, all of the sudden everything became a buying opportunity. hahahaha


Gotta love it.....

Has anyone noticed the push and pull and how extremely volatile the market is when its down over 1%, but when its up over 1% it tends to trade up and basically just sit there the entire day. I have noticed over and over again.

Seems when its selling off you can actually feel the fight to turn it around and push it positive, but when its in rally mode it tends to just sit there and trade quietly.

Remember this day and remember the next 200+ point rally day!


The volatility today is just incredible.

---

Quote from S2007S:

Has anyone noticed the push and pull and how extremely volatile the market is when its down over 1%, but when its up over 1% it tends to trade up and basically just sit there the entire day. I have noticed over and over again.

Seems when its selling off you can actually feel the fight to turn it around and push it positive, but when its in rally mode it tends to just sit there and trade quietly.

Remember this day and remember the next 200+ point rally day!


The volatility today is just incredible.

---

Tomorrow is a given that the markets rally, who knows how much or how high, but the markets will open in the green and most likely 90%+ close in the green as well. Since the market closed the day near its highs they will continue the rally into tomorrow and close it higher. Buy before the open or just buy tonight after hours so you can be good and ready to go tomorrow morning!

from what I saw the futures sold off at the close...

however I am net long on NDX - went long today when market gapped lower.

---

Quote from iceman1:

from what I saw the futures sold off at the close...

however I am net long on NDX - went long today when market gapped lower.

---

There is a high chance that market rallies 2% on Friday.

---

Quote from hajimow:

There is a high chance that market rallies 2% on Friday.

---

Don't forget EURUSD daily / weekly charts are definitely
bearish and vice versa USD so it's only a matter of time
before EURUSD rolls over and stocks drop significantly.

---

Quote from GrandSupercycle:

Don't forget EURUSD daily / weekly charts are definitely
bearish and vice versa USD so it's only a matter of time
before EURUSD rolls over and stocks drop significantly.

---

Now quarter end equity rally has presumably ended, EURUSD etc
overdue retracement can begin. Recent DOW/SP500 candles indicate recent rally involved significant short covering.

Prepare for the next Black Swan CRASH which will be "unexpected and could never have been predicted"
http://stockmarket618.wordpress.com

[Warning: Nine_Ender is an unbalanced internet stalker who clearly needs professional help]

---

Quote from GrandSupercycle:

Now quarter end equity rally has presumably ended, EURUSD etc
overdue retracement can begin. Recent DOW/SP500 candles indicate recent rally involved significant short covering.

Prepare for the next Black Swan CRASH which will be "unexpected and could never have been predicted"
http://stockmarket618.wordpress.com

[Warning: Nine_Ender is an unbalanced internet stalker who clearly needs professional help]

---

I appreciate your considered opinion DB.
But have you seen 'Fatal Attraction' ?

-----------------------------

Extreme overextension from recent rally should result in significant retracement.

---

Quote from GrandSupercycle:

I appreciate your considered opinion DB.
But have you seen 'Fatal Attraction' ?

-----------------------------

Extreme overextension from recent rally should result in significant retracement.

---

S&P500 daily charts show updated rising wedge and possible head and shoulders pattern with target of 1150 when confirmed. Recent aggressive buying and short covering is revealed by very bullish candles.
http://stockmarket618.wordpress.com

Since DOW/SP500 is now EXTREMELY overbought, the reaction
next week should result in a significant retracement.

DOW/SP500/FTSE/DAX still indicate impending retracement.
DOW futs last 12,502

DAX weekly chart at my blog shows uptrend gradually breaking down despite recurring buying support.

Overdue DOW/SP500 retracement from the overbought short cover rally begins...

So have you been short from your retracement calls?

EURUSD weakness and USD strength dominate further as stock
correction gains momentum. Bring on the overdue dollar rally…
Beware of BLACK SWANS ...

http://stockmarket618.wordpress.com

Unsubscribing, I wish you well.

Resumption of equity correction gains momentum. EURUSD downtrend
and USD uptrend on daily chart become more pronounced. Bring on
the overdue dollar rally...

BLACK SWAN chart available for viewing at my blog....

Resumption of equity correction expected to continue. Choppy EURUSD downtrend and USD uptrend on daily chart expected to continue.

EURSEK uptrend strengthens and significant upside expected.

US Dollar forecast chart at blog.

XAGAUD and XAGUSD daily chart remains bullish.

Recurring S&P500 buy support results in my indicators now suggesting a significant equity rally is possible. DOW cash index last 12,443

DOW cash last 12,480...

Despite the recurring DOW/S&P500 buy support, sellers keep
appearing and bearish daily and weekly charts slowly gain strength.
Signals are now mixed and the rally I was expecting is looking
undecided.

Unfortunately the delayed / slowed down correction that started
months ago will probably result in a sudden sell off similar to 2008.

Or worse than 2008 ...

Buy the dip, BUY the dip, once they pass the vote to raise the debt ceiling this market will be good for a 2-3% rally, just bought a little USD @ $36.40!!!!!!

Earnings this week from AAPL and IBM which always seem to beat will beat once again and push the markets higher on top of the raise in the debt ceiling news!!!

Still very bearish of course and think markets are going a lot lower but just a pass in the debt ceiling should bounce the markets higher, there is another vote on it tomorrow Tuesday July 19th so be prepared for much volatility!

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Quote from S2007S:

Buy the dip, BUY the dip, once they pass the vote to raise the debt ceiling this market will be good for a 2-3% rally, just bought a little USD @ $36.40!!!!!!

Earnings this week from AAPL and IBM which always seem to beat will beat once again and push the markets higher on top of the raise in the debt ceiling news!!!

Still very bearish of course and think markets are going a lot lower but just a pass in the debt ceiling should bounce the markets higher, there is another vote on it tomorrow Tuesday July 19th so be prepared for much volatility!

---

__________________
Go Chicago Bulls

You can make it to the Hall of Fame getting base hits or home runs... but you gotta protect the plate!

Patient traders obtain better prices than impatient traders do because they are willing to search longer and harder to arrange their trades at favorable terms. Impatient traders pay for the privilege of trading when they want to trade... Larry Harris, Trading & Exchanges.

...it was never my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should have showed the greatest profit... their experience matched mine... they made no real money. Men who can be right and sit tight are uncommon... but it is only after a stock operator has firmly grasped this that he can make big money. The market does not beat them they beat themselves because though they have brains they cannot sit tight! Reminiscences (V)

Sellers keep appearing and bearish daily and weekly charts gain strength. Don't listen to emotional abusive trolls.

Clarification of the Wile E Coyote correction for readers who asked:
I'm referring to the price action on the sticky S&P500 chart at top
of blog. It's been suspended in the air for many months just waiting
for gravity to take hold...

Ongoing equity buy support and USD sell pressure indicates that rally may happen after all.

---

Quote from GrandSupercycle:

Ongoing equity buy support and USD sell pressure indicates that rally may happen after all.

---

---

Quote from GrandSupercycle:

Sellers keep appearing and bearish daily and weekly charts gain strength. Don't listen to emotional abusive trolls.

Clarification of the Wile E Coyote correction for readers who asked:
I'm referring to the price action on the sticky S&P500 chart at top
of blog. It's been suspended in the air for many months just waiting
for gravity to take hold...

---

Short term mixed signals and lack of consensus return.
The S&P500 long term megaphone top and bearish EURUSD big picture will however provide much needed consensus...

Extremely oversold USDCHF continues choppy basing and overdue rally still expected.

As seen in sticky chart at blog, monthly chart has been tracking sideways this year. This distribution and topping signifies that the big picture uptrend is ending and a significant downtrend will follow.
http://stockmarket618.wordpress.com

Gold and Silver bearish warning strengthens.

My weekly and monthly indicators indicators continue to warn of significant USD upside and opposite for EURUSD.

Bring on the overdue dollar rally . . .

S&P500 monthly chart originally posted on my blog January 2011 - shows a series of broadening patterns, aka megaphone wedges.

The three broadening formations reveal an unstable market where buyers and sellers battle for control.

The first two megaphones make clear the eventual victors.

Prepare for the next Black Swan which will be ‘unexpected and
could never have been predicted’.

Prepare for the market to go up...or down...or maybe even sideways.

The Wile E Coyote correction:I'm referring to the price action on the sticky S&P500 chart at top of blog. It's been suspended in the air for many months just waiting for gravity to take hold...

Originally posted Feb 16, 2011 :
When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL

Don't listen to irrational trolls in denial.

---

Quote from GrandSupercycle:

The Wile E Coyote correction:I'm referring to the price action on the sticky S&P500 chart at top of blog. It's been suspended in the air for many months just waiting for gravity to take hold...

Originally posted Feb 16, 2011 :
When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL

Don't listen to irrational trolls in denial.

---

QE3 should be announced by next week!

Get ready for another propped up market!


Market is down too many days in a row, Bubble ben bernanke cannt take the market dropping like this so its time for QE3!

Buy the dip, this market has done this same drop about 3-4 times already and every time it looks like the SPX is going to break its March lows it jumps 5% out of no where, so I believe the same thing will happen, the catalyst: raising the debt ceiling!!!!!



SPX at 1286!

Get ready for 1340+ once the debt ceiling is raised!

They are buying the dip!!!!


Get ready for the ultimate rally!!!

This market according to the talking heads is oversold, biggest weekly drop in over a year, which means the biggest weekly rally is coming very soon.

New intraday highs!

SPX 1292

Close above 1300, at least an 80% chance today.


How funny would it be if the debt ceiling is raised this afternoon, I think its extremely possible.

President is speaking in a few moments, this is going to get really interesting...REALLY INTERESTING!

---

Quote from S2007S:

New intraday highs!

SPX 1292

Close above 1300, at least an 80% chance today.


How funny would it be if the debt ceiling is raised this afternoon, I think its extremely possible.

---

---

Quote from noddyboy:
But how do you make money from this?

---

---

Quote from GrandSupercycle:

Noddy, it's actually called trading... (going long or short)

---

Sorry Noddy, I thought you were just trolling.

Are you able to use CFD's which are more flexible than options.

---

Quote from noddyboy:

I ask because some do so with puts, but vol has already priced in fear. Shorting has unlimited risk. My call is that this is a great dip to buy, but to each his own...

---

---

Quote from GrandSupercycle:

The Wile E Coyote correction:I'm referring to the price action on the sticky S&P500 chart at top of blog. It's been suspended in the air for many months just waiting for gravity to take hold...

Originally posted Feb 16, 2011 :
When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL

Don't listen to irrational trolls in denial.

---

USD sell pressure returns – so some upside for stocks should result.

Be careful of unbalanced internet stalkers.

From my blog ...
USDCAD short 0.9518
Get the picture ?

Equity sellers return so no consensus once again.
We won't get market consensus until the major sell off.


USDCAD short 0.9518 [ c 0.9519]

Dollar buyers return ...

USDSEK long 6.2718

USDSEK long 6.2718 [c 6.2762]
Dollar sellers return.
Anyone know what this ongoing fluctuation implies ?
The market is telling us something ...

It implies that you are going to pretend that it all fits within your predictive scheme.

EURUSD short 1.4415

Gold and Silver bearish warning returns.

Reverts to bullish USD and equity sell pressure once again. Bring
on the overdue dollar rally…

EURUSD short 1.4415 [c 1.4208]

Anyone get the picture yet ?

USD buying and EURUSD/equity sell pressure continues.

Don't listen to unbalanced trolls in denial.

Commentators and economists who keep referring to the 'economic recovery' and to the GFC in the past tense - will be proven wrong. Unfortunately the charts indicate GFC 2 will be worse ~ Tues June 14, 2011 - 12:55 pm UTC

The crash is getting close.

Check out stickied chart.

stockmarket618.wordpress.com

Just went long some TNA at $67.00 for a bounce since the markets havent sold off so many days in a row since October 2008 and as soon as I bought the market went straight to intraday lows!!! Go figure. I guess if the SPX breaks 1200 in the next few days its because I was long TNA @ $67.00.

Noticed the pattern over the last 8 months that every single time TNA has come down to this level, which is about 5-6 times 100% of the time it is has jumped at least 10% in the days after, lets see if the trend has been broken, maybe this time its straight down to new lows

S&P500 head and shoulders target is 1,176.
Further downside expected.

EUR/USD is rising in the market and has a better way in our economy. You need should have a long term indicators to and from time to time see the exchange rates of different currencies.

__________________
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---

Quote from GrandSupercycle:

S&P500 head and shoulders target is 1,176.
Further downside expected.

---

USDCAD previous basing now results in uptrend on daily chart.

USDJPY ongoing choppy basing continues.

---

Quote from GrandSupercycle:
Anyone get the picture yet ?

---

SPX 1204!!!!!!!!!!!!!!!!

Bearish daily and weekly equity charts strengthen further.
S&P500 head and shoulders target is 1,176 and further
downside expected.

As mentioned for some time - S&P500 monthly has been tracking
sideways this year. This extensive distribution signified a bearish
big picture and that a significant downtrend would follow.

---

Quote from GrandSupercycle:

Bearish daily and weekly equity charts strengthen further.
S&P500 head and shoulders target is 1,176 and further
downside expected.

As mentioned for some time - S&P500 monthly has been tracking
sideways this year. This extensive distribution signified a bearish
big picture and that a significant downtrend would follow.

---

---

Quote from GrandSupercycle:

Bearish daily and weekly equity charts strengthen further.
S&P500 head and shoulders target is 1,176 and further
downside expected.

As mentioned for some time - S&P500 monthly has been tracking
sideways this year. This extensive distribution signified a bearish
big picture and that a significant downtrend would follow.

---

Market needs a morning sell off and then just a powerful rally that last the entire day and closes on its highs, tomorrow could be that day.

S&P500 head and shoulders target is 1,176 and further downside expected.

As mentioned for some time – S&P500 monthly has been tracking
sideways this year. This extensive distribution signified a bearish
big picture and that a significant downtrend would follow.

---

Quote from GrandSupercycle:

S&P500 head and shoulders target is 1,176 and further downside expected.

As mentioned for some time – S&P500 monthly has been tracking
sideways this year. This extensive distribution signified a bearish
big picture and that a significant downtrend would follow.

---

---

Quote from noddyboy:

Your target was hit.

---

FTSE monthly chart at blog shows very bearish rising wedge.

S&P500 index - head and shoulders target on weekly chart is 1172 and this level should provide some temporary support. SP500 futs last price 1169.

Clearly the S&P500 head and shoulders 1,172 target on the weekly
chart didn’t provide support as expected but it’s extremely oversold now.
stockmarket618.wordpress.com

yup, by 100 points on the es...

Equity counter trend bounce as expected.

USDCAD short 0.9875

SP500/DOW daily and weekly charts are bearish so the rally that
started late Tuesday is counter trend and thus temporary.

---

Quote from GrandSupercycle:

SP500/DOW daily and weekly charts are bearish so the rally that
started late Tuesday is counter trend and thus temporary.

---

More USD selling detected today and we know what that means if it continues...

Equity selling strength returns, threatening counter trend rally.
Futs last 11029.

Counter trend rally is over.

Equity buy support returns... Futs last 10,878

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__________________
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http://www.imigyled.com/product/mozu

Equity sell pressure and USD buying returns.
Though oversold, S&P500 daily and weekly charts remain bearish.

Parabolic USDCHF is so oversold a corrective crash (up) is possible.

Long term indicators still warn of USD rally and EURUSD weakness.

You know that the correction is over when CSCO pops up 13%

Would somebody please press 13,000 on the DOW elevator?

At least, the view is better up there.

More evidence that equities are basing for that counter trend rally.
Futs last 1140.25

---

Quote from GrandSupercycle:

Equity sell pressure and USD buying returns.
Though oversold, S&P500 daily and weekly charts remain bearish.

---

---

Quote from hajimow:

You know that the correction is over when CSCO pops up 13%

---

---

Quote from S2007S:

OVER a 2 year RALLY and people still think its in a bull market, but it isn't because it was artificially created with stimulus and the famous BUBBLE ben bernanke printing press!

A 4 week decline and people scream that the correction is over.


I never understood the mentality of people who think rallies should last forever and sell offs only a few hours!

---

---

Quote from SteveNYC:

jobless bull market is what we had in the last 2 years

add some jobs, add some rise in home sales, add some bank lending, add stable European debt crisis, and the Dow pass 14,000.

you could quote me on this.

---

---

Quote from GrandSupercycle:
More evidence that equities are basing for that counter trend rally.
Futs last 1140.25

---

Equity counter trend rally breaking down in aftermarket.
Will it be rescued later today ? Futs last price 1159.

The uptrend since March 2009 was a bear market rally contained within a much larger downtrend that started in 2000 – According to my indicators the March 2009 lows will not hold.
stockmarket618.wordpress.com

Equity counter trend rally still breaking down.
Futs last 1155

---

Quote from SteveNYC:

jobless bull market is what we had in the last 2 years

add some jobs, add some rise in home sales, add some bank lending, add stable European debt crisis, and the Dow pass 14,000.

you could quote me on this.

---

__________________
wealth effect: stock market higher, health care costs higher, unemployment higher, food/energy prices higher, taxes higher, poverty higher, bonuses higher, foreclosures higher, homelessness higher, crime rate higher, bankruptcies higher, unsold cars higher... it's economics 101

USDCHF bullish outlook continues and further upside expected.

And equity buy support returns... Futs last 1165

Bearish rising wedge formation 8 hr chart threatens equity counter trend rally. Futs last 1168.

XAUUSD (Gold) significant retracement expected soon.
Spot last 1,753

Re SP500/FTSE it may be a large rising wedge which means
upside before downtrend eventually resumes.

From EliteTraders most exciting new thread, "Market Sub Outlook" ...

Real time call : Buy TSX Index at 11660.
Get the picture ?

S&P500 2 hr chart possible rising wedge.
Futs last 1176.

USD selling pressure returns suggesting more (temporary) upside for
equity counter trend rally.

FTSE rising wedge scenario looking ok so far.
Don't forget S&P500 daily and weekly charts are bearish so equity rally is countertrend.
USDCHF and GBPCAD bullish outlook continues and further upside expected.

FTSE rising wedge scenario continues.

Don't forget daily and weekly charts are bearish so equity rally
is countertrend.

FXP IS LOOKING VERY BULLISH.
FXI IS LOOKING BEARISH.

HOWEVER EUR/USD IS STILL VERY STRONG TODAY SO SHORT-TERM RALLY COULD PERSIST A FEW MORE DAYS BUT IS NOW BUMPING UP AGAINST SOME MAJOR RESISTANCE.

Markets up 3 days in a row! Quite outstanding. Still in TYH and thinking is now the time to take profits or do I wait for the SPX to break 1200+ and rally another 2-3% before taking profits, decisions are tough to make in this trading environment!

---

Quote from Vulcan Trader:

FXP IS LOOKING VERY BULLISH.
FXI IS LOOKING BEARISH.

HOWEVER EUR/USD IS STILL VERY STRONG TODAY SO SHORT-TERM RALLY COULD PERSIST A FEW MORE DAYS BUT IS NOW BUMPING UP AGAINST SOME MAJOR RESISTANCE.

---

Back above 1200, let the games begin.

DOW has rallied over 800 points off its lows from just 4 days ago!!!

SPX has rallied over 100 points off its lows!!!!

I feel bulls getting greedy for more gains...who wants to go long now after seeing the markets jump 8%+ from their lows, this is a time to be selling, not buying. Wait till the next 300+ point down day, everyone will wish they had sold out after 3 straight days of huge gains!

---

Quote from S2007S:

Markets up 3 days in a row! Quite outstanding. Still in TYH and thinking is now the time to take profits or do I wait for the SPX to break 1200+ and rally another 2-3% before taking profits, decisions are tough to make in this trading environment!

---

---

Quote from S2007S:

Back above 1200, let the games begin.

DOW has rallied over 800 points off its lows from just 4 days ago!!!

SPX has rallied over 100 points off its lows!!!!

I feel bulls getting greedy for more gains...who wants to go long now after seeing the markets jump 8%+ from their lows, this is a time to be selling, not buying. Wait till the next 300+ point down day, everyone will wish they had sold out after 3 straight days of huge gains!

---

---

Quote from GrandSupercycle:

... suggesting more (temporary) upside for
equity counter trend rally.

---

__________________
murray t turtle,nickname,not an alias

SPX closes above 1200, asian markets will rally tonight as well as european markets, US markets should open higher as well tomorrow, how long the rally can last is anyones guess. Right now after 3 straight up days another few up days can still come!

HOWEVER!!!!!!!

Tomorrow there is a major meeting going on with French President Nicolas Sarkozy and German Chancello Angela Merkel. They are going to discuss how to make the euro zone work more effectively amid persistent doubts in the financial markets over Europe's ability to solve its sovereign debt crisis.

Who knows how this will move markets but it should be quite interesting!

NOT TO MENTION THE NASDAQ QQQ,QLD,TQQQ DID NOT TRIGGER LONGS TODAY. NASDAQ NOT PARTICIPATING IN THE RALLY PER SE. THE NASDAQ FUTURES THOUGH DID TRIGGER.

---

Quote from S2007S:

SPX closes above 1200, asian markets will rally tonight as well as european markets, US markets should open higher as well tomorrow, how long the rally can last is anyones guess. Right now after 3 straight up days another few up days can still come!

HOWEVER!!!!!!!

Tomorrow there is a major meeting going on with French President Nicolas Sarkozy and German Chancello Angela Merkel. They are going to discuss how to make the euro zone work more effectively amid persistent doubts in the financial markets over Europe's ability to solve its sovereign debt crisis.

Who knows how this will move markets but it should be quite interesting!

---

---

Quote from noddyboy:

Hope you sold your levered long positions after all!

---

Rally time, the market is back to its old ways again.

Yesterday it opened up about 1% higher and just continued higher throughout the day, there wasnt any volatility fast forward to today the market opens down around 1% and trades off its low as if its ready to rally a 4th straight day!

YUP LOOKS LIKE IT WANTS TO GIVE IT ANOTHER GO HERE. LETS SEE IF IT HAS LEGS?

Equity index intra day rising wedges look confirmed.

Don’t forget equity index daily and weekly charts are bearish so
equity rally is countertrend.

stockmarket618.wordpress.com

WE CAME WITHIN 2 TICKS OF TRIGGERING THE EMINI NASDAQ FUTURES SELL SHORT ENTRY.

Rally time!


Guess they will push the SPX back above 1200+ Looked like the market was going to erase yesterdays gains but didnt even come close.

IM NOT SO SURE. I FEEL A CRASH COMING ON.

Equity buy support returns...

Index daily and weekly charts remain bearish so equity rally is countertrend.

Another one of those days, yep I can feel it now and its not even 30 minutes into the open, one of those days where the markets open higher and pull back every 15 minutes by 1/10 of a percent only to continue to make new intraday highs right into the close.

Short cover spike scenario applies currently.

---

Quote from S2007S:

Another one of those days, yep I can feel it now and its not even 30 minutes into the open, one of those days where the markets open higher and pull back every 15 minutes by 1/10 of a percent only to continue to make new intraday highs right into the close.

---

Equity intra day rising wedge confirmed - so downtrend can
resume. stockmarket618.wordpress.com

As mentioned, intra day rising wedge confirmed – so equity
downtrend can resume.

FTSE weekly chart at blog shows big picture rising wedge...

The 4 hr rising wedge that caused this sell off was posted at blog yesterday.

SP500 buy support and USD selling detected. SP500 4 hour chart may
be forming a RH shoulder for a H+S which explains the bounce I'm
expecting to make the possible RH shoulder. Futs last 1,126.

End of short covering and more sellers means a bearish
reversal could happen anytime for the stock bounce.

And here comes the buy support once again to burn more shorters ...

Commodity currencies suggest SP500 spike is ending.

Substantial USD selling and equity buy support detected – anticipating Jackson Hole perhaps.

USD selling and equity buy support returns - anticipating Jackson
Hole.

What a spectacular short covering rally!

---

Quote from In2Deep:

What a spectacular short covering rally!

---

Don't forget GOLD is extremely overextended and the overdue retracement should be significant.

---

Quote from GrandSupercycle:

Don't forget GOLD is extremely overextended and the overdue retracement should be significant.

---

Jackson Hole bounce continues but it's a counter trend rally as
larger equity trends remain bearish and a USD rally lies ahead.


[I'm currently short Gold 1,857 as posted at blog]
stockmarket618.wordpress.com

---

Quote from noddyboy:

I just felt an earthquake...was it you?

---

Jackson Hole counter trend bounce is looking tired.

Jackson Hole bounce reverts to indecisive with bullish bias.

Volatility will be subdued until Bubble B. steps up to the podium. Hopefully he indicates no QE3 and stays out of the headlines for a very long time.

GOLD retracement begins...

Jackson Hole equity counter trend bounce reverts to bullish and opposite for USD.

Jackson Hole counter trend bounce reverts to bearish again.
It keeps fluctuating as it’s a battle between a bullish shorter
term cycle intersecting with bearish medium/longer term cycle.
The only thing guaranteed is that the bearish medium/long term
cycle will have the upper hand.

Jackson Hole counter trend bounce reverts to bearish again (like the bigger picture)

---

Quote from GrandSupercycle:
Don't forget GOLD is extremely overextended and the overdue retracement should be significant.

---

Jackson Hole vacillating intra day cycle reverts to bullish with risk of
short covering spike.

Jackson Hole intra day cycle reverts to bearish after spike.

USD selling returns which may be equity bullish.
Markets remain choppy.
More frequent updates at blog - stockmarket618.wordpress.com

USD selling pressure continues which will support stocks and EURUSD
AUDUSD etc.

Europe/UK stocks are ignoring USD selling and no consensus yet again.

Choppy market dislocation.

More updates at blog - stockmarket618.wordpress.com

Mixed consensus atm but bigger picture remains bearish of course and this will ALWAYS exert the most influence.

Substantial USD sell pressure and EURUSD buy support detected maybe in anticipation of ECB tomorrow ? This recurring dollar selling should be bullish stocks. SP500 index last 11,209

As suggested on Friday, we got some USD selling / EURUSD support
today but it's weakened for now. SP500 intra day trend is currently
sideways. Daily and weekly trends remain bearish.

Indecisive USDJPY reverts to choppy basing on daily chart.

After the protracted basing, USDCHF bullish outlook continues and
further upside expected.

SP500 intra day chart gives bearish warning after latest counter
trend short covering rally. Daily and weekly charts remain bearish.

Recurring equity buy support strengthens further so more short
covering rallies this week probable.

SP500 futs intra day chart now gives bearish warning so maybe
yesterdays rally is ending.

The sideways chop and short covering spikes is caused by recurring
buy support conflicting with significant sell pressure.

As mentioned, the big picture remains bearish and this will ALWAYS
exert the most influence. The only thing GUARANTEED is that the
bearish medium / long term cycle will have the upper hand.

SP500 intra day trend reverts to bear mode.

Back to the medium / long term outlook: Euro bearish and USD
bullish. The OVERDUE dollar rally could be substantial.

---

Quote from GrandSupercycle:

SP500 intra day trend reverts to bear mode.

Back to the medium / long term outlook: Euro bearish and USD
bullish. The OVERDUE dollar rally could be substantial.

---

ISM # due out in 20 mins a reading above 50 today and the markets rally 1%+ without question! Very important number today!

As mentioned, the big picture remains bearish and this will ALWAYS
exert the most influence. The only thing GUARANTEED is that the
bearish medium/long term cycle will have the upper hand.

EURCAD downtrend on daily chart strengthens.

http://stockmarket618.wordpress.com

Resumption of equity downtrend has commenced.

Expected resumption of the equity downtrend is confirmed.

---

Quote from GrandSupercycle:

Expected resumption of the equity downtrend is confirmed.

---

Medium and long term outlook continues: Euro bearish and USD
bullish. The very overdue dollar rally should be substantial.

EURAUD protracted basing now reverts to bullish.

AUDUSD and AUDJPY 8 hour chart rising wedge continues so bearish for stocks.

SP500 intra day bear mode continues. Daily and weekly charts
for key equity indexes are bearish.

Medium and long term outlook for bearish EURUSD and bullish USD
continues. The very overdue dollar rally should be substantial.

As mentioned, the March 2009 lows will still be breached despite
previous or any further QE. Intervention only delays the impending
drop – it can not prevent it.

---

Quote from GrandSupercycle:

SP500 intra day bear mode continues. Daily and weekly charts
for key equity indexes are bearish.

Medium and long term outlook for bearish EURUSD and bullish USD
continues. The very overdue dollar rally should be substantial.

As mentioned, the March 2009 lows will still be breached despite
previous or any further QE. Intervention only delays the impending
drop – it can not prevent it.

---

Going to be interesting to see if the SPX touches new lows this week, a few weeks back doug kass said that the markets had put their lows in for the year in early August. As I said a week ago rallies were to be SOLD and NOT bought! Who knows if the markets open at the lows and move higher, thats a big question. The dow will break 11k in the first hours of trading tomorrow!

After Fridays down day no one would have expected such a sell off in the futures tonight. Lets see if the SPX breaks 1100 this week if so the next bounce could come around 1050!!!!!!!

SP500 intra day chart still bullish and counter trend rally continues.
Daily chart is now neutral. Weekly is bearish.

More frequent updates at blog.
stockmarket618.wordpress.com

GOLD weekly chart is now very overextended and significant correction still expected.

---

Quote from noddyboy:

Congrats! My short ES looking good! When do you think I can take some short term profits?

---

I suggest 11,400 index today was the top - will find
out tomoro if i'm right or wrong. Last DOW index 11,385

---

Quote from GrandSupercycle:

I suggest 11,400 index today was the top - will find
out tomoro if i'm right or wrong. Last DOW index 11,385

---

SP500 intra day chart did suggest equity upleg is ending but USD
is weak atm so market lacks consensus again with more mixed signals.
Recurring USD selling gives support to stocks...

http://stks.co/7xE ?

Yep looks like more upside for equities.

USD buyers have returned -- no equity consensus and mixed signals dominate yet again.

SP500 intra day reverts to choppy bear mode.

Obama speech today and G7 meeting possible market reaction aside -
SP500 intra chart still looks bearish and if i’m correct then the upleg
did end yesterday. SP500 futs last 1195.25

Memories of what you posted on August 15th, 2010 on your blog :

" DOW and SP500 weekly charts Fri Aug 13 inclusive.

The indexes continue to be pulled in opposing directions by the
buyers and sellers – as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.

As mentioned earlier, weekly and monthly charts have been topping
and basically going sideways since early May 2010. This topping
process will cease and increased selling pressure and more bearish
consensus should result in a more pronounced downtrend
developing.

EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.

CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.

COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time – warning what’s ahead for the global
economy.

Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "

SP500 emini short 1198.25

SP500 short signal looking good so far (ie new down leg starting)

---

Quote from GrandSupercycle:

SP500 emini short 1198.25

---

Lucrum, as mentioned many, many times I post ALL my trades on my blog - including the losing ones.

http://stockmarket618.wordpress.com

SP500 intra day chart now bearish. Daily is neutral. Weekly is
bearish.

Medium and long term outlook for bearish EURUSD and bullish USD
continues. The very overdue dollar rally should be substantial.

---

Quote from GrandSupercycle:

Lucrum, as mentioned many, many times I post ALL my trades on my blog - including the losing ones.

http://stockmarket618.wordpress.com

---

SP500 next downleg looks confirmed and USD uptrend strengthens.


Lucrum - congrats, you have now confirmed you're a troll and will be placed on ignore. Bye.

SP500 intra day reverts to sideways chop with bearish bias ie more mixed signals.

SP500 short signal resumes.

As mentioned, GOLD weekly chart is very overextended and significant correction still expected.

PRIMARY DOWNTREND RESUMES.

---

Quote from GrandSupercycle:

Lucrum - congrats, you have now confirmed you're a troll and will be placed on ignore. Bye.

---

From a political point of view, I think Obama has lost control of the markets. We are down 3-4% accross the board one day after the theatrical hollywoodian show about jobs.

OUCH!

__________________
dax3k

Problem is most of Obama's stimulus are merely just extensions to programs already in place. In reality, that 450 billion is only 150-200 billion. Even so, this market/ economy is going to have to rebuild it's foundation and that means some pain in the markets. 4 months ago I said my target on the Dow was 9800. That doesn't mean we can't go lower,that's just an area where I may establish some longer term positions.

Another down day and they blame it on Europe yet again, getting really old blaming every single drop in the US markets on the Europe crisis.


How long have we been hearing about Greece defaulting on its debt, its such old, repetitive news it shouldnt even be mentioned until the day it finally happens, wasnt Greece suppose to default about 94 times already.


Dow Plunges 300 Amid Greek Debt Concerns
CNBC.com | September 09, 2011 | 03:21 PM EDT

Stocks continued to decline Friday, as investors hesitated to hold equities over the weekend amid fears that Greece may default on its debt and following news that ECB's Juergen Stark will step down due to a conflict over the central bank's bond-buying program.

The Dow Jones Industrial Average plunged sharply to trade below the psychologically-important 11,000 level, led by McDonald's [ MCD 84.66 -3.95 (-4.46%) ] and Hewlett-Packard [ HPQ 22.58 -1.29 (-5.40%) ] after logging a triple-digit decline in the previous session.

The Dow has posted three-digit moves in 19 of the past 24 trading sessions and is on pace to see its worst week in three.

The S&P 500 and the Nasdaq also tumbled. All three major averages are now poised to close in the red for the week.

As mentioned for some time - the S&P500 long term monthly chart has been tracking sideways this year.

This extensive distribution signified a bearish big picture and that a significant downtrend would develop.

In addition, my long term indicators have continued to warn of significant USD strength and EUR/USD weakness and these warnings have increased since 2009.

Originally posted Feb 16, 2011.
When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL

USD daily chart is bullish and opposite for EURUSD. Bring on the
OVERDUE dollar rally ...

---

Quote from GrandSupercycle:

USD daily chart is bullish and opposite for EURUSD. Bring on the
OVERDUE dollar rally ...

---

USD daily chart remains bullish but is overbought and needs a pullback.

EURAUD daily chart is now bullish.

SP500 intra day chart is neutral/bearish. Daily is bearish. Weekly
is bearish.

EURAUD and GBPAUD bullish daily chart strengthens and further upside
expected.

As mentioned, GOLD weekly chart is very overextended and significant
correction still expected. Daily chart is breaking down.

USD bullish daily chart strengthens and opposite for EURUSD,
AUDUSD etc.

It appears USD is so bullish, no meaningful retracement and
opposite for EURUSD.

SP500 intra day chart reverts to bearish.

Looks like overbought dollar retracement is starting at last so...
SP500 intra day chart reverts to bullish.

More frequent updates at blog.
http://stockmarket618.wordpress.com

USD overdue retracement and recurring equity buying now results in
bullish SP500 daily chart - warning of a break out and rally.

SP500 intra day chart reverts to indecisive/bearish sideways chop.
Dollar strength conflicting with equity buyers again.

My analysis of the current market dislocation: equities fluctuating
between bullish and bearish may be anticipating QE3 but the FX
market isn’t yet. SP500 weekly chart remains bearish so big picture
has not and will not change.

GOLD overextended weekly chart continues and significant correction
still expected. Daily chart continues to break down.

Medium and long term outlook for bearish EURUSD and bullish USD
continues. The very overdue dollar rally should be substantial.

EURCAD / EURAUD / EURNZD / EURSGD uptrend continues.

Futures fell from highs after economic news came out this morning. but have ramped right back up due to the news that the ECB took a coordinated effort with the Federal Reserve to boost dollar liquidity.

REMEMBER there is no such thing as failure in this world, if there is a problem they will do anything and everything to solve it even if they are going the wrong way about it they still just do anything to prop up the system, hahaha!



On the economic front, weekly jobless claims for the week ending Sept. 10 gained 11,000 to an adjusted 428,000. Economists polled by Reuters expected a reading of 410,000, compared with 414,000 in the prior week.

Meanwhile, the U.S. inflation rate slowed down slightly in August as gasoline prices rose at a more modest pace, according to the Labor Department. The CPI increased 0.4 percent last month, after gaining 0.5 percent in July.

A gauge of manufacturing in New York State contracted in September to minus 8.82 for a fourth consecutive month, falling to the lowest level since November, according to the New York Fed. Economists polled by Reuters had expected a reading of minus 4.0.

Sep 15 10:00 AM Philadelphia Fed Sep - -15.0 -10.0 -30.7

If the Philadelphia fed number comes in on the positive side look for a 2% gain in the markets by mid-day!

---

Quote from S2007S:

Sep 15 10:00 AM Philadelphia Fed Sep - -15.0 -10.0 -30.7

If the Philadelphia fed number comes in on the positive side look for a 2% gain in the markets by mid-day!

---

USD chart suggests more retracement ahead.

NZDUSD and AUDUSD bullish bias also suggests bullish for stocks.

Gold and Silver daily chart begins downtrend on daily chart and significant correction still expected.

Equity sellers return so more buyers vs sellers market chop.
USD strength is resuming.

SP500 short 1,203.00

Dominant stock bears ignore overbought USD and FX market follows
behind. So back to Nasdaq rising wedge scenario (chart at blog)

It's equity bullish after all - looks like we may be forming the RH shoulder ? for the big H/S. Last futs 1212.00

---

Quote from GrandSupercycle:

It's equity bullish after all - looks like we may be forming the RH shoulder ? for the big H/S. Last futs 1212.00

---

---

Quote from Lucrum:

You remind me of sports casters. Telling everyone what they've already just seen for themselves.

---

SP500 returns to bearish mode after bullish spike.
Rising wedge scenario still applies.

ALL MY TRADES ARE POSTED AT BLOG.
http://stockmarket618.wordpress.com

---

Quote from GrandSupercycle:

ALL MY TRADES ARE POSTED AT BLOG.

---

---

Quote from GrandSupercycle:

SP500 returns to bearish mode after bullish spike.
Rising wedge scenario still applies.

ALL MY TRADES ARE POSTED AT BLOG.
http://stockmarket618.wordpress.com

---

S&P FUT
1192.10 -19.70 -1.63%
DOW FUT
11285.00 -161.00 -1.41%
NAS FUT
2273.25 -34.00 -1.47%

EliteThink, it would help if you learnt how to use the internets and actually went to the blog. I'm not here to spoon feed you.

------------------------------------

Rising wedge scenario still applies (ie equities resume downtrend)
Nasdaq chart at blog.

USD rally continues and as mentioned numerous times, significant upside expected.

Originally posted Feb 16, 2011.
“When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL”

---

Quote from GrandSupercycle:

EliteThink, it would help if you learnt how to use the internets and actually went to the blog. I'm not here to spoon feed you.

---

President speaking any second now, get ready for some wild market swings....

---

Quote from GrandSupercycle:

EliteThink, it would help if you learnt how to use the internets and actually went to the blog. I'm not here to spoon feed you.

------------------------------------

Rising wedge scenario still applies (ie equities resume downtrend)
Nasdaq chart at blog.

USD rally continues and as mentioned numerous times, significant upside expected.

---

---

Quote from GrandSupercycle:

Originally posted Feb 16, 2011.
“When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL”

---

---

Quote from Nine_Ender:

No, you first posted this idea in August 2010. I believe it was the 15th. You have never publically admitted this fact, instead hidng behind the idea that slightly changing the wording makes it a new trade in February 2011.

---

---

Quote from Nine_Ender:
No, you first posted this idea in August 2010. I believe it was the 15th. You have never publically admitted this fact, instead hidng behind the idea that slightly changing the wording makes it a new trade in February 2011.

---

Ok, I'll post it again for newcomers to this thread. This is what Grand_Stuper_Cycle posted on his blog August 15th, 2010 ( note the year ) :

" DOW and SP500 weekly charts Fri Aug 13 inclusive.

The indexes continue to be pulled in opposing directions by the
buyers and sellers – as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.

As mentioned earlier, weekly and monthly charts have been topping
and basically going sideways since early May 2010. This topping
process will cease and increased selling pressure and more bearish
consensus should result in a more pronounced downtrend
developing.

EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.

CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.

COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time – warning what’s ahead for the global
economy.

Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "

One might ask how it is long term trends were bearish ( according to the author ) in August 2010 AND August 2011, yet the prices went up in many of the categories.

One might note that the author is extremely stubborn, and any money invested in the March 2009 lows will be breached has been at best "dead money" in the entire time period, missing a 35% rally in the stock market in the interim.

We all await with baited breath the long awaited explanation for this major mistake.

Nine Ender you have failed to post the analysis you claimed I did in August 2010.

You are wrong again and a total imbecile.
Back on to ignore for you.
Goodbye troll.

--------------------

COPPER daily chart has ignored current rally and thus warns of inevitable resumption of equity downtrend.

---

Quote from GrandSupercycle:

Nine Ender you have failed to post the analysis you claimed I did in August 2010.

You are wrong again and a total imbecile.
Back on to ignore for you.
Goodbye troll.

--------------------

COPPER daily chart has ignored current rally and thus warns of inevitable resumption of equity downtrend.

---

---

Quote from Nine_Ender:

...You seem to be in serious denial.

---

SP500 daily reverts to bearish. Weekly bearish chart continues and
and this will not change.

My long term indicators have continued to warn of USD strength and
these signals have increased since 2009. As mentioned overdue dollar
rally should be substantial.

Also mentioned previously, COPPER daily chart ignored current rally
and warned of inevitable resumption of equity downtrend.

Originally posted on my blog Feb 16, 2011

“When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL”

http://stockmarket618.wordpress.com

Upside continues and more expected:
USDX
EURCAD
EURAUD
GBPAUD
USDCAD
GBPCAD
USDSGD etc.

STILL NO RESPONSE FROM Nine_Ender.
I WONDER WHY ?

Nutter Nine_Ender states:
'No worries, you've predicted it at least 20 times already and been wrong the first 19 times. Funny how you get almost rabid in excitement when we hit the 1260 area again. Let me remind you. Last time we were 1260 you said right down to 1220, with an immediate break to 1150. What actually happened ? We went up to 1350. Keep rolling out the prediction, you're bound to be right sometime in the next 5 years. Unless of course, the correction occus at 1500'

http://www.elitetrader.com/vb/showt...867#post3255867

Aug-04-2011
Nine_Ender, where did I give those levels ?
Please post some proof or apologise for being WRONG.
You are confusing me with someone else or you are intentionally FABRICATING these totally false claims.
Either way you need professional help.
I'm not joking.

US dollar's the only game in town for a while.

__________________
Hans

Waiting to see if the 1100 hold on the SPX this week, if it breaks that look out below, sub 1000 levels would come very quickly!

Looking for a bounce unless things totally fall apart by mid-day. Sold off 2 short etfs right at the open, it doesnt take much to get momentum going to the upside once it starts, especially after losing over 500 dow points in only a few hours between yesterday and today!

By the way shorting now wouldnt be the best idea, days like today is when you start to add small positions on the long side, so many people get this wrong, I am sure there are people jumping into short positions and buying short etfs, do not do that, that was suppose to happen last week when the markets were 3% higher.

Equity bounce scenario [counter trend] is possible and USDX is very overbought after yesterday.

As mentioned since August, Gold/Silver is overextended and significant correction expected. Daily chart downtrend strengthens.
Chart at blog.

[PS PREVIOUS FX POST REFERS TO DAILY/WEEKLY TRENDS]

S&P500 bearish daily chart strengthens.
USD bullish daily chart strengthens.

As mentioned since July and August - Gold/Silver is overextended and
significant correction expected. Daily chart downtrend strengthens.
GOLD daily chart 15 July 2011

Equity buy support returns, resulting in more intra day sideways chop.
More frequent updates at blog.

Yep, back to the basing scenario from last week for a stock bounce.

Buyers and sellers battle continues and SP500 intra reverts to bearish chop.

SP500 intra day maintains bullish chop.

Just to let everyone know, now is not the time to be going long if anything today is a day to add on short positions and I am doing so with TYP and ERY at the market open.

Market rally will fade just as quick as it began.....

---

Quote from S2007S:

By the way shorting now wouldnt be the best idea, days like today is when you start to add small positions on the long side, so many people get this wrong, I am sure there are people jumping into short positions and buying short etfs, do not do that, that was suppose to happen last week when the markets were 3% higher.

---

LONG TYP at $20.20 waited for it to break $20 but didnt happen at the open....also long ZSL at $14.39

We get a good dollar pullback at last.
SP500 intra reverts to bullish and daily is now neutral.

SP500 intra chop reverts back to the usual bearish again.
Updated Nasdaq chart at blog.

---

Quote from GrandSupercycle:

SP500 intra chop reverts back to the usual bearish again.
Updated Nasdaq chart at blog.

---

More USDX retracement (much needed) and USDX intra trend now choppy bearish. So should be bullish stocks ?



noddyboy,
Medium / long term I remain USDX bullish but shorter term can go long or short.

---

Quote from GrandSupercycle:

More USDX retracement (much needed) and USDX intra trend now choppy bearish. So should be bullish stocks ?



noddyboy,
Medium / long term I remain USDX bullish but shorter term can go long or short.

---

Every time the market looks like its going to break support and drop it rallies to the upside and every time it looks like its going to break to the upside it falls back down, this market has done this at least 5-6 times over the last 2 months. SPX 1120 is the breaking point for this market, it has held up quite well since August but a drop below that and SPX will quickly drop to 1050 area!

---

Quote from GrandSupercycle:

SP500 intra chop reverts back to the usual bearish again.

---

Due to USDX daily and weekly trend strength, retracements are minimal.

Trending well atm: GBPCAD GBPNZD EURNZD USDCAD GBPAUD USDSGD USDCZK

SP500 8 hr chart at blog shows price converging towards apex.
It should drop out of triangle soon and resumption of downtrend.

S&P500 monthly chart at blog shows a series of broadening patterns, aka megaphone wedges. The recent megaphone has been modified but remains very bearish. The patterns reveal an unstable market where buyers and sellers battle for control. Long candle wicks on September chart reveals substantial buying support which only slows the decline. The March 2009 lows will still be breached.

stockmarket618.wordpress.com

SP500 intra reverts to bullish chop.
EURCAD choppy short signal.
GOLD daily chart was bearish and is now neutral.

SPX came ever so close to its Augusts lows before bouncing.


Trading at 1130, a break below 1120 and 1100 comes quick of course 1100 would break sending the SPX straight down to 1050 area where I would certainly put a little money to work.

going long next week at 666.

Bullish USD daily chart shows further strength and we return to SP500 head and shoulders on daily chart scenario.

BAC almost down 8%


Not looking good for financials!

Just went long very small positions in USD and UVT!

USD at $27.22

UVT at $17.98

Just for a bounce.

Equity short covering rally still looks probable.
EURUSD long signal.

---

Quote from GrandSupercycle:

Equity short covering rally still looks probable.
EURUSD long signal.

---

Equity short covering rally confirmed and more counter trend upside expected. USDX retracement too.

---

Quote from GrandSupercycle:
10-03-11 01:23 PM
Bullish USD daily chart shows further strength...

---

---

Quote from GrandSupercycle:
...USDX retracement too.

---

More equity buy support and USD selling.

More equity short covering rally expected.

Markerts continue to reflect the uncertainty in the global economy
with recurring lack of consensus but USD remains overbought and
seems we will get more USD retracement and equity counter trend
rally.

---

Quote from GrandSupercycle:

Markerts continue to reflect the uncertainty in the global economy
with recurring lack of consensus but USD remains overbought and
seems we will get more USD retracement and equity counter trend
rally.

---

---

Quote from S2007S:

Just went long very small positions in USD and UVT!

USD at $27.22

UVT at $17.98

Just for a bounce.

---

Short cover counter trend rally confirmed ...

GOLD and SILVER daily chart now gives bullish warning so upside
likely. Weekly is bearish.

SP500 intra day remains choppy bullish.

GBPAUD GBPNZD more downside expected.

S&P500
intra day ~ bullish
daily ~ neutral (aka sideways)
weekly ~ bearish/neutral
monthly ~ bearish/neutral

Larger time frames will exert more influence over smaller time frames.

SP500 is overbought and should retrace today.

We get the overdue USD retracement...but no SP500 pullback yet
SP500 daily chart is now bullish/neutral and more upside likely while USD retracement continues.

Mixed signals continue but maybe we will get the intra SP500 pullback.

Yes, SP500 pullback looks likely now.

SP500 retracement begins...

Due to serious technical damage today, SP500 daily chart is now neutral / bearish. Intra day is bearish.

Silver and Gold daily chart reverts to neutral.

I'd like to know a little more about your statements. I just don't see the "serious technical damage" that happened today.

And based on the charts im looking at both silver and gold are in disastrous downtrends only forming bear flags at the moment.

The only SOMEWHAT nuetral thing I can see for gold is that price appears to be bouncing repeatedly off the 200..but who cares.

Unless you have a crystal ball or something I just don't see it..

---

Quote from Took2Summit:

I'd like to know a little more about your statements. I just don't see the "serious technical damage" that happened today.

And based on the charts im looking at both silver and gold are in disastrous downtrends only forming bear flags at the moment.

The only SOMEWHAT nuetral thing I can see for gold is that price appears to be bouncing repeatedly off the 200..but who cares.

Unless you have a crystal ball or something I just don't see it..

---

Weekly charts for key equity indices remain bearish and will eventually overpower the daily charts which have been attempting to form a base and rally.

Due to this protracted basing I was expecting a spike upwards followed by resumption of the downtrend.

However due to the increasingly bearish influence of the weekly and monthly trends the bullish spike may not eventuate in which case daily charts will break down sooner.

The possible SP500 spike/rally may occur after all, along with more USD retracement (it’s still overextended)

DOW chart - http://bit.ly/x618

SP500 intra day bearish warning (overbought atm)

SP500 emini short 1186.75

---

Quote from GrandSupercycle:

SP500 intra day bearish warning (overbought atm)

SP500 emini short 1186.75

---

---

Quote from newwurldmn:
it seems like you are tracking the futures.

---

DOLLAR SELLERS are winning atm so standby for more equity short burning.

MORE FREQUENT UPDATES HERE
http://twitter.com/grandsupercycle

Very mixed signals and lack of consensus. SP500 intra reverts to
bearish/neutral and it's possible the rally that started Oct 4 is
ending earlier than expected. (see DOW chart at blog)

SP500 emini short 1189.25
SP500 emini short 1186.75 [closed 1190.50]

This should move markets in the next hour!



Oct 11 2:00 PM FOMC Minutes Sep. 21

Alcoa earnings after the bell.....

I do not think they will offer such a great report due to the price drop in aluminum these past couple of quarters. I dont think it makes a difference one way or the other since its not heavily weighted in the DOW 30 to begin with. Shares trading around $10!

What I meant is that, you have been bullish when the market is already up, and then bearish after the market is down (this is for the intraday). Today was a reversal call; and your recent reversal call was good.

I am asking are you posting these in realtime or is there a delay. Your blog doesn't have timestamps so it's not obvious when in a day you are coming up with your intraday thoughts.

More SP500 / EURUSD upside and USD weakness expected.
SP500 / EURUSD daily charts are choppy but bullish.
SP500 futures last 1184.50

Reminder, SP500 intra day remains overbought and retracement still needed.

[AWAY FROM DESK]

SP500 etc and EURUSD bullish daily charts strengthen so no intra day retracement.

---

Quote from GrandSupercycle:

SP500 etc and EURUSD bullish daily charts strengthen so no intra day retracement.

---

SP500 overextended intra day chart gives bearish warning.
Daily chart reverts to neutral.

SP500/FTSE/DAX overextended intra day charts give further choppy bearish warning.

SP500 emini short 1196.50
EURUSD short 1.3786

http://twitter.com/grandsupercycle

---

Quote from newwurldmn:

At 3:30 you are bearish, and now that the futures were up 10 pts, you are bullish. So you are -10 points already today (or worse). Was your signal to get long generated after the overnight rally or before? From the timestamps it seems like after.

---

__________________
A Comprehensive Guide to Profitable Trading[/I] by me (YES)!

---

Quote from YESYES:

We've all got to remain flexible with the markets right; but some people are floppy fish who can't make up their minds.

That's the problem with day traders, they're constantly changing their minds. Position trading is so much more enjoyable.

---

---

Quote from newwurldmn:

Again he's bearish after the futures have sold. Either his intraday technical analysis is garbage or it doesn't work in this type of market. No response from him answering my questions yet.

---

There will be a day when men, women, animals, angelic alien experiments and demons will not have free will and will not be allowed to think. There will be a day when oblivion is something more than you thumb your nose at. And there will be a day when the ensuring screaming torture of unclean souls won't stir our Lord God in his sleep.

Until then, we sell the fuck out of this market and that pebble I inscribed my initials on and called it "Money".

SELL!

Big USD selling atm
Too busy trading to repeat stuff here.

Updates:
http://twitter.com/grandsupercycle
http://stockmarket618.wordpress.com

Bears Are Back.

emini short 1191

Substantial USD selling returns which props stocks so bears be careful.

More USD weakness and SP500 strength expected.

Silver and Gold intra day bullish warning strengthens.

SP500 / DOW weekly indicators now give mild bullish warning.
If confirmed, it suggests a significant equity rally this year which will delay the inevitable crash again.

---

Quote from GrandSupercycle:

More USD weakness and SP500 strength expected.

Silver and Gold intra day bullish warning strengthens.

SP500 / DOW weekly indicators now give mild bullish warning.
If confirmed, it suggests a significant equity rally this year which will delay the inevitable crash again.

---

SP500 overdue retracement starts and intra day trend reverts to bearish/neutral.

USD intra reverts to bullish/neutral.

ALL TRADES ARE POSTED AT BLOG.
http://stockmarket618.wordpress.com

SP500 daily chart reverts to neutral.

WARNING: SP500 daily and weekly charts revert to NEUTRAL.
This is a bearish development.

---

Quote from GrandSupercycle:

WARNING: SP500 daily and weekly charts revert to NEUTRAL.
This is a bearish development.

---

SP500 daily chart now gives bearish signal, warning of a significant leg down.

USD daily chart is bearish/neutral. Weekly is bullish/neutral.
Eventually a bullish weekly chart will develop and USD uptrend can resume.

More dollar selling detected which should support stocks.

Another sell them while they are down and buy them back and go long after they have ripped your face off.

Have you backtested your technical analysis? Are you actually trading these calls in a vaccum and making money?

Serious questions.

Dollar daily chart gives further bearish warning and more downside expected. So bullish for stocks.

http://stockmarket618.wordpress.com

Yet more market dislocation and lack of consensus as stock sellers return...

SP500 480 min chart reverts to bearish despite previously bearish USD daily chart. Thus stock sellers dominate again and very mixed signals continue.

BUY! NO, SELL! NO, BUY! NO, SELL! NO, BUY! NO, SELL! NO, BUY!

SP500 diamond formation and NASDAQ megaphone patterns at blog.

After further market chop reflecting current uncertainty re Europe, SP500 480 min chart is bearish/neutral. Daily and weekly are currently neutral/bearish. The bigger picture remains bearish.

USD bullish weekly chart chart has strengthened further.

Larger time frames tend to have more overall influence over smaller time frames.

Gold and Silver daily charts continue to break down.
Weekly remains neutral.

bearish chart reverts to bullish chop.

SP500 480 min chart is now bearish.

See blog for confirmed diamond.

http://stockmarket618.wordpress.com

---

Quote from GrandSupercycle:
10-19-11 08:06 AM
Yet more market dislocation and lack of consensus as stock sellers return...

---

MARKET DISLOCATION AND UNCERTAINTY CONTINUES.

Renewed USD selling and EURUSD buying today indicates potential for further equity strength ?

Hopefully this mess will be resolved by next week.

EURUSD 8 hour chart looking more bearish atm...

Dollar weekly chart continues to give bullish warnings so we know what eventually lies ahead.

this is one of the worthless thread in this forum.

USD sellers and stock / EURUSD bulls dominate once again.

USDCHF bearish daily chart strengthens.

---

Quote from galvinlee888:

this is one of the worthless thread in this forum.

---

---

Quote from galvinlee888:

this is one of the worthless thread in this forum.

---

---

Quote from galvinlee888:

this is one of the worthless thread in this forum.

---

Gap up now reverts to neutral. We will hit a low for the day, and then chop.

Stock bulls are running the show now and further upside probable next week.

USDCHF downtrend continues $$$

---

Quote from GrandSupercycle:

Stock bulls are running the show now and further upside probable next week.

---

SP500 weekly chart shows megaphone wedge which could explode to
the upside.

SP500 weekly chart shows megaphone wedge ~ looks bullish.

Market consensus became clearer on Friday so back to the original
bullish analysis and SP500 weekly chart reverts to bullish/neutral.
So equity sell off been delayed once again and additonal upside
ahead.

The larger megaphone enclosed by green lines reveals an unstable
market and is bearish. It may result in a giant head and shoulders
forming once possible right hand shoulder is completed. Long term
monthly chart remains bearish.

stockmarket618.wordpress.com

So now that the SPX has broken out of the 1230 range can we expect a continuous rally to the 1250-1270 range this week, I am sure it will happen, it has to happen with BUBBLE ben bernanke printing money for the entire global world economy.....

REMINDER THAT US DOLLAR WEEKLY CHART CONTINUES TO GIVE BULLISH WARNING WHICH WILL BE BEARISH FOR STOCKS AND COMMODITIES WHEN USD UPTREND RESUMES.

---

Quote from GrandSupercycle:

REMINDER THAT US DOLLAR WEEKLY CHART CONTINUES TO GIVE BULLISH WARNING WHICH WILL BE BEARISH FOR STOCKS AND COMMODITIES WHEN USD UPTREND RESUMES.

---

Stock signals are bullish. Currency signals are bearish for stocks.

Good well thought out analysis.

Very useful.

As mentioned earlier:

SP500 weekly chart shows megaphone wedge ~ looks bullish.
Market consensus became clearer on Friday so back to the original
bullish analysis and SP500 weekly chart reverts to bullish/neutral.
So equity sell off been delayed once again and additonal upside
ahead.

Bullish daily charts strengthen – EURUSD GBPUSD AUDUSD

More equity rally is probable as USDX selling pressure is now substantial. This will support stocks and cause more equity short covering which may result in another melt up.

10-23-11 12:28 AM

---

Quote from GrandSupercycle:

SP500 weekly chart shows megaphone wedge ~ looks bullish.

Market consensus became clearer on Friday so back to the original
bullish analysis and SP500 weekly chart reverts to bullish/neutral.
So equity sell off been delayed once again and additonal upside
ahead.

The larger megaphone enclosed by green lines reveals an unstable
market and is bearish. It may result in a giant head and shoulders
forming once possible right hand shoulder is completed. Long term
monthly chart remains bearish.

stockmarket618.wordpress.com

---

---

Quote from GrandSupercycle:

REMINDER THAT US DOLLAR WEEKLY CHART CONTINUES TO GIVE BULLISH WARNING WHICH WILL BE BEARISH FOR STOCKS AND COMMODITIES WHEN USD UPTREND RESUMES.

---

---

Quote from GrandSupercycle:

As mentioned earlier:

SP500 weekly chart shows megaphone wedge ~ looks bullish.
Market consensus became clearer on Friday so back to the original
bullish analysis and SP500 weekly chart reverts to bullish/neutral.
So equity sell off been delayed once again and additonal upside
ahead.

Bullish daily charts strengthen – EURUSD GBPUSD AUDUSD

---

---

Quote from S2007S:

So now that the SPX has broken out of the 1230 range can we expect a continuous rally to the 1250-1270 range this week, I am sure it will happen, it has to happen with BUBBLE ben bernanke printing money for the entire global world economy.....

---

---

Quote from GrandSupercycle:

More equity rally is probable as USDX selling pressure is now substantial. This will support stocks and cause more equity short covering which may result in another melt up.

---

Reminder that USDX (US Dollar index) bullish weekly chart continues
to exert influence over its daily chart which is currently bearish/
neutral.

Market uncertainty and lack of consensus returns.
EURUSD daily now shows possible rising wedge.

ALL TRADES POSTED AT BLOG.
http://stockmarket618.wordpress.com

---

Quote from GrandSupercycle:

Reminder that USDX (US Dollar index) bullish weekly chart continues
to exert influence over its daily chart which is currently bearish/
neutral.

---

---

Market uncertainty and lack of consensus returns.

---

SP500 daily chart megaphone wedge reveals an unstable market and a big move ahead.

SP500 intra chart gives bearish warning.

---

Quote from GrandSupercycle:

SP500 daily chart megaphone wedge reveals an unstable market and a big move ahead.

SP500 intra chart gives bearish warning.

---

SP500 daily chart megaphone wedge confirmed.

SP500 intra day bearish warning strengthens.

CHARTS:
http://stockmarket618.wordpress.com

---

Quote from GrandSupercycle:

SP500 daily chart megaphone wedge confirmed.

SP500 intra day bearish warning strengthens.

CHARTS:
http://stockmarket618.wordpress.com

---

__________________
murray t turtle,nickname,not an alias

I didn't get to write in the troll thread. No one has ever accused me of being a troll anywhere I have ever posted.

I had asked some honest questions with the hope of eliciting simple and honest answers.
My question was that you seem to be getting whipped around (buy them when they are up, then sell them when they are down). Is there a reason for this?

Appropriate answers could have been:
1. My system get's confused in these times but makes up for it when we do find a trend.
2. My system signals are much earlier than I am posting on this site.
3. Your sample is too small. Over time the system has proven to work.
4. My system sucks.

Purpose of asking and answering is to promote a real dialog. Not ignores or insults.

I look forward to your response:

"USDCHF shows trapezoidal fingering pattern. This is bearish for stocks"

REMINDER THAT US DOLLAR WEEKLY CHART CONTINUES TO GIVE
BULLISH WARNINGS WHICH WILL BE BEARISH FOR STOCKS AND
COMMODITIES WHEN USD UPTREND RESUMES.

Did I call that!?!?

---

Quote from GrandSupercycle:

REMINDER THAT US DOLLAR WEEKLY CHART CONTINUES TO GIVE
BULLISH WARNINGS WHICH WILL BE BEARISH FOR STOCKS AND
COMMODITIES WHEN USD UPTREND RESUMES.

---

SP500 daily chart megaphone wedge continues.

---

Quote from GrandSupercycle:

REMINDER THAT US DOLLAR WEEKLY CHART CONTINUES TO GIVE
BULLISH WARNINGS WHICH WILL BE BEARISH FOR STOCKS AND
COMMODITIES WHEN USD UPTREND RESUMES.

---

SP500 daily chart reverts to bearish/neutral and further downside expected.

EURUSD / AUDUSD rising wedge on daily chart looking confirmed.

Originally posted Feb 16, 2011:
“When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals
like COPPER etc, CRUDE OIL”

---

Quote from GrandSupercycle:

SP500 daily chart reverts to bearish/neutral and further downside expected.

EURUSD / AUDUSD rising wedge on daily chart looking confirmed.

Originally posted Feb 16, 2011:
“When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals
like COPPER etc, CRUDE OIL”

---

SP500 Bear vs Bull battle continues and bulls reassert control.

USD daily chart reverts to bearish which should support stocks.

Back to my AUDUSD $1.13 target from Oct 24.

---

Quote from GrandSupercycle:

SP500 daily chart reverts to bearish/neutral and further downside expected.

---

Bullish USD weekly/monthly and bearish SP500/DOW monthly
charts will eventually ensure a violent reversal of equity uptrend.
Guaranteed.

---

Quote from GrandSupercycle:

Bullish USD weekly/monthly and bearish SP500/DOW monthly
charts will eventually ensure a violent reversal of equity uptrend.
Guaranteed.

---

---

Quote from GrandSupercycle:

Bullish USD weekly/monthly and bearish SP500/DOW monthly
charts will eventually ensure a violent reversal of equity uptrend.
Guaranteed.

---