the lines you see on my charts are Moving Averages in sequences of 8.
Max contain is just a term I use to describe the Teal line in all my charts.
Debasements are when speculative capital is harvested. The coming debasement will @ a minimum print 1078 $SPX and final terminal pt. between 1049.98 & 1078.
i had a similar conversation with a long time friend last week regarding that this is probably the weakest group of market participants since 1998 when I first started
The amount of speculative capital that was harvested during 2008 was massive. I can say with a great probability that the owners of that capital were in the older demographic. Now I can only guess, but given the gullibility of the current market participants I would say this current group is very very young relative to other batches of market participants.
When I see posts around the internet that say, “don't fight the trend”, “the fed will never let this rally end”, “the government will never let the market fall”, “nothing works anymore”. That individuals liquidation date in the market is already cemented. It's sad when I see things like this but sometimes people are so mind controlled there gone.
*If* there is one thing I hope some of you are taking from my posts that this game is not difficult. People let diversionary events take their attention away from the numbers and then their emotions take over. This is a regulated numbers game.
I'll warn you now the operators will be baiting everybody in 3 weeks with financial Armageddon stories. Extremely few people are short now, people are who aren't short won't be able to short as their handy dandy oscillators will be screaming buy buy buy at the time $SPX prints 1150. Since 99% of participants trade with the trend, people will open new short positions between 1050-1080.
Hopefully I can save at least 1 person from repeating this sequence.
SC, the McClellan reference seems like total BS to me because I have been following it for a while. While the fact that it is bouncing around the 0 line may be interpreted as bearish, typically once the MACD lines cross to the upside and the MACD crosses up through the 0 line, (which it looks like it is just about to do), the market moves up. Based on the index, the market should have dropped significantly in the past two weeks so it isn't really working along with any other indicator for that matter. However, I am throwing all indicators out the window and staying bearish. McHugh seems to keep changing his tune. He called the top months back as far as I know. http://stockcharts.com/h-sc/ui?s=$nymo
“…The SPX is in a turning point window defined by Mc Hugh’s PHI date on 4/7 and a geo-cosmic signature on 4/6 – the Martin Armstrong date of 4/16 (2/28/07 + 3.14 years) looms large before us. A small move in the McClellan Oscillator today argues for a big market move by Thursday. The SPX appears close to completing an EW 5-wave rally pattern since 2/5…”
Note: I can't say I put much faith in geo-cosmic signature, golden ratio whatever. But if the market wants to turn down on that basis, then who am I to argue with the market? lol
I stated yesterday that I believed the market would tank before OPEX next week, judging from the low 10-day EMA of the CPCE, but now I'm changing my opinion. I now think the market will float at roughly the current level through OPEX and should it drop, it's after OPEX, not before.
Too many technical indicators have stopped working that it's discouraging.
Hi
the lines you see on my charts are Moving Averages in sequences of 8.
Max contain is just a term I use to describe the Teal line in all my charts.
Debasements are when speculative capital is harvested. The coming debasement will @ a minimum print 1078 $SPX and final terminal pt. between 1049.98 & 1078.
i had a similar conversation with a long time friend last week regarding that this is probably the weakest group of market participants since 1998 when I first started
The amount of speculative capital that was harvested during 2008 was massive. I can say with a great probability that the owners of that capital were in the older demographic. Now I can only guess, but given the gullibility of the current market participants I would say this current group is very very young relative to other batches of market participants.
When I see posts around the internet that say, “don't fight the trend”, “the fed will never let this rally end”, “the government will never let the market fall”, “nothing works anymore”.
That individuals liquidation date in the market is already cemented. It's sad when I see things like this but sometimes people are so mind controlled there gone.
*If* there is one thing I hope some of you are taking from my posts that this game is not difficult. People let diversionary events take their attention away from the numbers and then their emotions take over. This is a regulated numbers game.
I'll warn you now the operators will be baiting everybody in 3 weeks with financial Armageddon stories. Extremely few people are short now, people are who aren't short won't be able to short as their handy dandy oscillators will be screaming buy buy buy at the time $SPX prints 1150. Since 99% of participants trade with the trend, people will open new short positions between 1050-1080.
Hopefully I can save at least 1 person from repeating this sequence.
Your article is useful.
Thanks.
SC, the McClellan reference seems like total BS to me because I have been following it for a while. While the fact that it is bouncing around the 0 line may be interpreted as bearish, typically once the MACD lines cross to the upside and the MACD crosses up through the 0 line, (which it looks like it is just about to do), the market moves up. Based on the index, the market should have dropped significantly in the past two weeks so it isn't really working along with any other indicator for that matter. However, I am throwing all indicators out the window and staying bearish. McHugh seems to keep changing his tune. He called the top months back as far as I know.
http://stockcharts.com/h-sc/ui?s=$nymo
4/07/10, a day of infamy?
“…The SPX is in a turning point window defined by Mc Hugh’s PHI date on 4/7 and a geo-cosmic signature on 4/6 – the Martin Armstrong date of 4/16 (2/28/07 + 3.14 years) looms large before us. A small move in the McClellan Oscillator today argues for a big market move by Thursday. The SPX appears close to completing an EW 5-wave rally pattern since 2/5…”
http://allstarmarkettiming.typepad.com/
Note: I can't say I put much faith in geo-cosmic signature, golden ratio whatever. But if the market wants to turn down on that basis, then who am I to argue with the market? lol
Red:
I stated yesterday that I believed the market would tank before OPEX next week, judging from the low 10-day EMA of the CPCE, but now I'm changing my opinion. I now think the market will float at roughly the current level through OPEX and should it drop, it's after OPEX, not before.
Too many technical indicators have stopped working that it's discouraging.
I laughed my ass off too… Too Funny!
welcome to the casio I'm standing in line behind the guy who bought 3000 tza apr 10.00 calls for .01, and 1200 7.50 calls between .04 and .06
Thinking about going in boss,look out
tza 7.50 calls ( about a buck away) thinking about .03
call it a sueaside run ( 50 contract 150.00)
Hysterical Red. Now I can go to bed happy. Thanks!
If someone can remember to check this later, it would be interesting to see how these calls fare.
I don't do options, but it sounds like a $3,000 lottery ticket.