Nice action today. Gap filled on the qqqq, spy and spx. No reactionary play to fill the gap in the coming days. We may pop up abit tomorrow but it should resume a few more down days IMO
I posted this a couple weeks ago, this will answer your question
if you look back @ the $SPX before it's 2007 terminal high the final reaction turned out to be a 1.18 mult. upthrust = 14.07% : 11.9% downthrust = 1.18 co-relational to our last 2 reactions of 1.22 & 1.27
whenever the $SPX stops it's reaction will either be extremely shallow or extremely deep #1 $SPX 3.6.2009 : 6.11.2009 = 43.41% $SPX 6.11.2009: 7.8.2009 = -9.09% 43.41/9.09 = 4.77 #2 $SPX 7.8.2009 : 9.23.2009 = 24.25% $SPX 9.23.2009: 10.2.2009 = -5.57% 24.25/5.57 = 4.35
I didn't see anymore fake prints. I was asking if Sundancer has seen anymore. So far, we only have the 10,000 Dow print that Sun caught, and the 107.38 spy I caught.
Thanks! I'm hoping to hop back in to DRV when $SPX retraces to 1200 or so.
Nice action today. Gap filled on the qqqq, spy and spx. No reactionary play to fill the gap in the coming days. We may pop up abit tomorrow but it should resume a few more down days IMO
If we hit it. I will buy bigtime. My indicator tells me 118-117.5 as the buy. You're info is a nice confirmation.
I posted this a couple weeks ago, this will answer your question
if you look back @ the $SPX before it's 2007 terminal high
the final reaction turned out to be a 1.18 mult.
upthrust = 14.07% : 11.9% downthrust = 1.18 co-relational to our last 2 reactions of 1.22 & 1.27
whenever the $SPX stops it's reaction will either be extremely shallow or extremely deep
#1
$SPX 3.6.2009 : 6.11.2009 = 43.41%
$SPX 6.11.2009: 7.8.2009 = -9.09%
43.41/9.09 = 4.77
#2
$SPX 7.8.2009 : 9.23.2009 = 24.25%
$SPX 9.23.2009: 10.2.2009 = -5.57%
24.25/5.57 = 4.35
AVG. of 4.77 : 4.35 = 4.56
#3
$SPX 10.2.2009 : $SPX 10.21.2009 = 7.98%
$SPX 10.21.2009: $SPX 11.2.2009 = -6.54%
7.98/6.54 = 1.22
#4
$SPX 11.2.2009 : 1.19.2009 = 11.76%
$SPX 1.19.2009 : 2.5.2010 = -9.21%
11.76/9.21 = 1.27
AVG of 1.22 : 1.27 = 1.245
Current high on $SPX = 16.22%
16.22/4.56(AVG of 1:2 reaction) = 3.55% (1170.92)
16.22/1.245(AVG of 3:4 reaction)= 13.02%(1055.92)
the SPY 119.12 de-lever tick from 4.22 gave us our first reaction
http://www.flickr.com/photos/47091634@N04/45583…
there is a SPY 117.61 tick from the week of 4.12.2010
Hi Sundancer,
If u don't mind, where does 4.56 and 1.245 come from?
Thanks in advance
I didn't see anymore fake prints. I was asking if Sundancer has seen anymore. So far, we only have the 10,000 Dow print that Sun caught, and the 107.38 spy I caught.
when was the fake print?
2007 uni-directional thrust ended @ 81 CD
This uni-directional thrust ended @ 80 CD
2007 counter-move came @ 3.75 mult.
16.78%/3.75 = -4.74% (1162)
The $SPX daily consecutive close sequence will give clues as to what mult. may stop the counter-move.
Sold the rest at 7.01. Still bearish, but can't watch the position closely for the rest of the day. Decided to take some gains. +5% ish.