$nymo has now exceeded the levels reached to the downside during the August correction. The next level is its flash crash levels. This can be seen over the next two days. It depends if there is a pause day tomorrow. But Nov 17 is 136 trading days from May 6 and 144tds from the April highs. But I am beginning to think 137 might be a key number too considering the historical template the market is following. Nov 18 would be 11 months from 1-18 around the area of the Jan top and also the start of production for the movie Red. I have seen many esoteric cycles line up on Nov 15 so 11-15 might be important as the pivot high before collapse. I also subtracted the fake print Dow number 8300 (I don’t know if this is correct) from the Dow closing high of 11444 and the result is 3144—ie Pi. Of course there is an even more important date in the near future that lines up with many esoteric cycle and is a key historical date and a variation of the magic number that keeps popping up at the 2010 highs in the SP and in various commercials. (even in Legatus photos by R)
Don’t get me wrong, I still think we’ll see that 116.71 spy FP… but “when” is the question? If it happens tomorrow morning on any gap down, then I’d expect this multi-day move down to rest and allow a move up to reset the charts. This could take us all the way into Friday.
I’d just remember to close most if not all of your shorts today at the close, as tomorrow should be a pause day… meaning flat to slightly up. Lock in those gains and sit on the sidelines, is what I’d be looking to do.
$nymo has now exceeded the levels reached to the downside during the August correction. The next level is its flash crash levels. This can be seen over the next two days. It depends if there is a pause day tomorrow. But Nov 17 is 136 trading days from May 6 and 144tds from the April highs. But I am beginning to think 137 might be a key number too considering the historical template the market is following. Nov 18 would be 11 months from 1-18 around the area of the Jan top and also the start of production for the movie Red. I have seen many esoteric cycles line up on Nov 15 so 11-15 might be important as the pivot high before collapse. I also subtracted the fake print Dow number 8300 (I don’t know if this is correct) from the Dow closing high of 11444 and the result is 3144—ie Pi. Of course there is an even more important date in the near future that lines up with many esoteric cycle and is a key historical date and a variation of the magic number that keeps popping up at the 2010 highs in the SP and in various commercials. (even in Legatus photos by R)
S&P 500 Analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010/11/s-500-analysis-after-closing-bell_17.html
Heads up here too
http://screencast.com/t/8fEcDjjv0cQP
ok boys and girls… I think this is the start of the down turn…. are we ready ? any bad news will tank this market hard.
Thanks anoopsan
Don’t get me wrong, I still think we’ll see that 116.71 spy FP… but “when” is the question? If it happens tomorrow morning on any gap down, then I’d expect this multi-day move down to rest and allow a move up to reset the charts. This could take us all the way into Friday.
thanks red,,,, i agree with you and have closed out my S&P short positions. richie
I’d just remember to close most if not all of your shorts today at the close, as tomorrow should be a pause day… meaning flat to slightly up. Lock in those gains and sit on the sidelines, is what I’d be looking to do.
Papa bear is hungry!
Papa bear is hungry!