Could be Dave but you and I both know how they love to fool us sheep. While astrology is important it’s not something I can count on to work just by itself. Combined with other methods though and it can be accurate, but many methods must be used to paint the whole picture I think and none of them by themselves have a really high accuracy rating.
Lunar eclipse. Historically markets down 1.5% within 1 day of eclipse.
Works 75- 80% of the time. Eclipse on 25th april. I know most of you do
not believe in Astrology, but I thought some one may see it a use full.
Only use, if all other indicators are pointing in a short opportunity.
All the best every one.
I’ll see if I can do a video update tomorrow gang, but what I’m expecting for Monday-Wednesday is a move up to the 1580 spx area before rolling over. The we will either go down hard for a final 5th wave (or C, depends on how you count them?) that will end in the 1490-1500 spx zone.
The other scenario is that we finished the move down from 1597 to 1536 and that entire move was some kind of larger “intermediate wave 4” with one final move up left to go. If so, then we are now in the first smaller wave 1 up inside this final “intermediate wave 5” up that should conclude in the 1630 spx zone (+/- 20 points).
That would be in the May 22nd to May 29th time frame, as both dates are ritual “eleven” dates packed right in front of and behind the Legatus meeting set for May 23rd-25th. This is the ideal topping area for this final 5th wave up.
So it’s really about putting the time frame together with only a month to go. Can the market sell off to the 1490-1500 spx zone to complete an “intermediate wave 4” down and still have time left to rally up to the 1630 by late May… or will they need the next 23-28 trading days to complete the “intermediate wave 5” up?
I still feel that one can take a short around 1580 spx this week but when it rolls back down the key question will be whether or not it’s some kind of final 5th wave (or C wave) down that completes “intermediate wave 4” with the top at 1597 and the bottom in the 1490-1500 zone… and then start the “intermediate wave 5” up.
Or, and this is the big “OR” and what my guts tells me… we have already started the “intermediate wave 5” up with the first smaller wave 1 having already started at the 1536 low and I believe it will end in the 1580 zone. Then down for a tricky smaller wave 2 that will come close to the 1536 low again but stay above it to make it a valid wave 2 down.
Then a smaller wave 3 up to re-hit the 1597 high (and make a double top that will get ever bear short at) followed by a smaller wave 4 down that should scare the bulls and make the bears pile on heavily short. Then the last move up will be a nasty smaller wave 5 up to hit the 1630 zone which will also complete the larger “intermediate wave 5” up too.
This can be very tricky as they want fool the most people on both sides. Therefore if we do hit the 1580 zone next week and one decides to short it, one should also be prepared to bailout quickly just above the 1536 area as a safety measure in case my gut is right and it’s only a tricky smaller wave 2 down. Caution is the name of the game here as it’s going to be a wild ride between now and the final high I believe.
ES Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/04/es-hour-chart-analysis.html
Is that put out everyday?
Dow Jones 30 Stock daily Gann Square Support and Resistance Level for Day Traders !
https://docs.google.com/spreadsheet/pub?key=0AjI5lROLF7dTdFVKOFMxU1AxZUFIeUh4eDBSTWJxeUE&output=html
EURUSD Support and Resistance levels: http://niftychartsandpatterns.blogspot.in/2013/04/eurusd-support-and-resistance-levels.html
New video update…. refresh page
GOLD Resistance levels: http://niftychartsandpatterns.blogspot.in/2013/04/gold-resistance-levels_22.html
Could be Dave but you and I both know how they love to fool us sheep. While astrology is important it’s not something I can count on to work just by itself. Combined with other methods though and it can be accurate, but many methods must be used to paint the whole picture I think and none of them by themselves have a really high accuracy rating.
CATERPILLAR Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/04/caterpillar-nearing-death-cross.html
Lunar eclipse. Historically markets down 1.5% within 1 day of eclipse.
Works 75- 80% of the time. Eclipse on 25th april. I know most of you do
not believe in Astrology, but I thought some one may see it a use full.
Only use, if all other indicators are pointing in a short opportunity.
All the best every one.
I’ll see if I can do a video update tomorrow gang, but what I’m expecting for Monday-Wednesday is a move up to the 1580 spx area before rolling over. The we will either go down hard for a final 5th wave (or C, depends on how you count them?) that will end in the 1490-1500 spx zone.
The other scenario is that we finished the move down from 1597 to 1536 and that entire move was some kind of larger “intermediate wave 4” with one final move up left to go. If so, then we are now in the first smaller wave 1 up inside this final “intermediate wave 5” up that should conclude in the 1630 spx zone (+/- 20 points).
That would be in the May 22nd to May 29th time frame, as both dates are ritual “eleven” dates packed right in front of and behind the Legatus meeting set for May 23rd-25th. This is the ideal topping area for this final 5th wave up.
So it’s really about putting the time frame together with only a month to go. Can the market sell off to the 1490-1500 spx zone to complete an “intermediate wave 4” down and still have time left to rally up to the 1630 by late May… or will they need the next 23-28 trading days to complete the “intermediate wave 5” up?
I still feel that one can take a short around 1580 spx this week but when it rolls back down the key question will be whether or not it’s some kind of final 5th wave (or C wave) down that completes “intermediate wave 4” with the top at 1597 and the bottom in the 1490-1500 zone… and then start the “intermediate wave 5” up.
Or, and this is the big “OR” and what my guts tells me… we have already started the “intermediate wave 5” up with the first smaller wave 1 having already started at the 1536 low and I believe it will end in the 1580 zone. Then down for a tricky smaller wave 2 that will come close to the 1536 low again but stay above it to make it a valid wave 2 down.
Then a smaller wave 3 up to re-hit the 1597 high (and make a double top that will get ever bear short at) followed by a smaller wave 4 down that should scare the bulls and make the bears pile on heavily short. Then the last move up will be a nasty smaller wave 5 up to hit the 1630 zone which will also complete the larger “intermediate wave 5” up too.
This can be very tricky as they want fool the most people on both sides. Therefore if we do hit the 1580 zone next week and one decides to short it, one should also be prepared to bailout quickly just above the 1536 area as a safety measure in case my gut is right and it’s only a tricky smaller wave 2 down. Caution is the name of the game here as it’s going to be a wild ride between now and the final high I believe.