with Anthony, ZigZag & Platy
Chart Update: Target 141.4-141.6
ok heres my 2 cents….today is saturday and as my wife is getting dresed and we are fixing to go out dancing and have a few shots of tequila out here in texas ..its better i pen down a few lines now than later ….LOL ….in my humble opinion if we do bottom out and technicals confirm the same on the weekly chart by the next cit of the 4th of oct . we should then begin to head back up ….going thru the month of october astrowise i do not see any negative aspects to stop the market from going up to form a double top except for a venus square jupiter on oct 16 which could be a down day on the way up…..The negative aspects begin oct 25-nov 3 . i have nov 1st as a cit . heres some imp aspects between oct 25-nov 3 ….oct 25..sun conjunct saturn ….10/28/2012 mars in opposition to jupiter which happens to be on a sunday new moon 10/29/2012 .venus in opposition to uranus on 11/1/2012 and venus square plutoon 11/3/20122 . nov 1 is the cit ….this should be the double top and then we fall hard nov 12could be a minor cause theres a newmoon and solar eclipse on nov 12 ……one more cit for nov is 11/27/2012 reason being 11/26/2012 sun trine uranus and venus conjunct saturn ..11/27/2012 mars conjunct pluto …11/28/2012 full moon .lunar eclipse ….so cit 11/27/2012 …..ok time to go my wife is ready …..cheers and lets take one week at a time remember confirmation rather than anticipation todays aspects all weather related …raining out here …but that aint going to stop me from dancing …LOL…cheers
You’re wife’s a lucky lady. Thanks so much for your valuable input as always GM!
So where did all this interseting dialogue land? do we still believe SPX is going down until the 4th to our red circle target or do we only think Monday will down and then after that we aren’t sure?
Ya’ll know my target by now. 🙂
Testy I believe Anthony has already highlighted what he thinks which others disagree with. That’s the nature of this market. Anthony is right just wait for target and manage your risk
LOL, we confused testy. Mostly bears here for now, except me, but I’d join them once my stops hit. It really comes down to risk management for me. Let’s say if my stop is 1%, that means I can be wrong 4 times & just need to catch that one 5% move to make it all up, so you could be more wrong than right, but still make money (provided you honor the stops).
We just need to be patient and wait for these things to play out. Nothing is going to hit exact every time and you can see on this INDU chart there were times I had to do a lot of fishing 😉
Maybe the 4th won’t work this time and we have to wait for the 9th instead. Like Anthony said, we just have to manage our risk.
Guys, just found some new info, sorry if you already know….
According to stock traders almanac, 1st trading day of OCT down 4 of last 6, and Mondays have been down 9 of last 11, so far, Mondays is the worst day of the year
Thanks Michael! Makes for a nice bottoming tail on the weekly eh?
The other possible count is that the low on the 20th was wave (1), then we could have 5 waves down for (3) into Monday, wave (4) into the 3/4th then we get wave (5) down into the 5/8th…??? I guess it depends on the kind of low we get on the 5/8th….
With non farm payroll on Friday 5th, that could well send the market down until the sun jupiter trine
The key to this whole thing though is your risk.
It doesnt matter whether 1st Oct is the low or 04/05 Oct is the low.
The reason is that we got in higher anyway. We also think that 01 Oct low is at 141 ish and the low on 04/05 Oct is at 140ish. Roughly 10 SPX pts.
So if i take profit on 1st at the low ive made money. I then buy on 1st, If we dip into 04/05 Oct my stop will be below 140 and i wait for the rebound into 10/11 Oct, I make money. You just have to weather a bit of drawdown. Either way.You make money.
The bigger picture is whether 10/11 October is a higher high, which in my opinion it will not be.
I like your game plan Anthony ! Very pragmatic and well thought out. May the market be kind to us all.
Platy, I am seeing a BIG red flag on Silver around October 12th….big reversal and big range day….do you think Silver could see a big pullback around that time?? The market may top out at that time as well…???
Could be! Silver likes to double top so even if we get a top this week it could go up again into the 12th.
What is the cause of your red flag?
Some data on Merriman’s site….
Thanks, Merriman’s great!
Looks like we have a Sun Jupiter trine on the 9th, so looks like there is a possibility that we could make a new high somewhere between the 9-15th, looking more like around the 10/11th. Merriman confirms a possibility… “And finally we have a somewhat important planetary station arising on October 4, when Jupiter turns retrograde. It is still possible that stock markets advance once more to a new cycle high within a week of this occurrence.” I will not take this lightly…he has a lot of great insight…
This week looks like there is a turn on Monday, and then the next turn on Thursday or Friday….I am not sure if we turn down on thursday into the following week, or if we turn down on thursday then back up on Friday…so be careful of the possibility.
But it looks as if we could turn down on Thurs or Friday, and then turn up around the 8th with a potential big move up on the 9th and/or 10th…
After that we could zig zag down into the 21-23rd….
Anthony, Platy and ZZ, does any of this follow your info?? I know you guys have different ideas of turns, up and down, but just to double check that we could get an exaggerated move up instead of down around the 9th….???
Sun/Jupiter trines are very positive….the market can run up a week or two into this aspect…
Karen, are you saying we’re turning up mon-wed ?
That is what I am seeing….we could hit a trough sometime on Monday, the next turn doesn’t come until Thurs and/or Friday according to my info….
thanks for the great info. I think that we are forming a wave 5 down of a larger wave 1 so the rise next week into 4-5 Oct is our wave 2 high which i think will sell off into November.
HOWEVER, there is some deliberation amongst us. Platy thinks that we will head to a new high based/doublt top based on her astro and is looking to load up long.
So on this subject we are a little bit in disagreement which ofcourse opens things up for us all.
I wish I could show you my chart, but I will describe it as best I can…I am seeing we could have done an abc down to form wave A low on the 20th, then a B wave high on the 20th, then we could be in the 5th wave of C if we see a lower low than we saw on the 26th. It could be 5 waves down (that’s how Daneric is counting it), but it could also be an ABC…which is corrective of the move up….??? I guess we will see pretty soon…
I just want us to remember this is a Jupiter trine Sun….Jupiter is expansion, luck, money, exaggeration…trines are positive…and it’s aspect is with a positive planet the Sun….I don’t want to go against Jupiter….
Thanks Karen, looks like that fits well with ZZ’s expectation for a top on the 9th. I’m learning so much from you guys!
Thanks for sharing Karen. Looks like my projection lines up with yours. I think the dollar will get creamed the next 2 weeks, thus driving everything to higher highs (sucking everyone in), then they’ll take it down through early Nov., lining up with ZZ’s map. Glad I’m not alone.
Maybe Quy re $
On the other hand it looks like a big bear flag doesnt it.
When something looks like it is, it usually isnt. In other words that dollar low could well be in.
He fails to realize that the big $$$ has been loading up on USD longs the last 2 weeks. You dont make big $$$ by being Wrong.
Thats right Jimbo, weve seen many times the dollar making pre-emptive moves. To me its clear, this is bearish equities.
Let’s see how Oct. 9 plays out, then we’ll talk. 😀
Like I mentioned before, this is what makes up markets (bulls & bears), nothing personal. I could careless if I’m right, just want to make money. Trust me, the moment I realize the market’s going downhill, my stops would trigger & I would go short without hesitation. By the way, I didn’t really see much volume on the dollar rise, where there was volume on the metals reversal Wed., but all could just be a fake. We’ll find out Mon. I believe. Mon. could be a down open, then reversal up, that’s my guess. I’m bullish, but will switch once it turns on me. I just hope the bears don’t get too bearish waiting for the bottom that may not come, thus missing the big move up (unless they too are willing to switch early enough).
I’m with you Q. I just think we need to go a bit lower first.
Hurray, good to know Platy, my problem is if it does get that low, then my analysis is shot, but hopefully yours would still save me 🙂
if you look above at the chart posted by anthony the red circle is the target……. to the left of that circle is a gap up….. in my humble opinion anthony is right and that gap might get filled ……
Exactly my thinking Gannman, great comments here as always!
Be careful with the SPY chart, because of the rebalancing, it doesn’t exactly mirror SPX. SPX chart does NOT have that gap, so just because the gap is on SPY, it may not mean much. I see the last breakout point on SPX at around 1430, that’s why I think SPX didn’t get lower than 1430 last Thurs. I still think it should not get below last Thurs. low of 1430 anytime soon.
No big deal, once spy reaches it’s target, jump out of spx no ? Easy 🙂
Yes that is correct Michael
Use the SPY on another chart window as your guide for the SPX or anything highly correlated for that matter.
SPX had a previous break out of consolidation at 1405. That is my target.
Platy, do you think your target will be reached by OCT 2-4 ?, pretty steep
mars in sag….oct 6 thru nov 16……which provides foundation for a double top…mars in sag ..everything on speed ..
in my humble opinion…we should continue heading down early during the week and then begin a reversal upward cit. . oct 5 . Remember you have jobless claims numbers on oct 4 and employment situation oct 5.. theres no way those numbers can be bad as we head in to elections also be mindful that mars will be trine to uranus oct 15 and sun trine jupiter oct 9 with venus trine pluto ….so one week at a time and be willing to change with the trend ….as the trend is your friend …..cheers
Do you have a level in mind for the low early next week gannman?
I think Anthony is looking for about 1415-1420 SPX cash or at least he was late last week
tks in advance.
Somehow it doesn’t make sense to me how silver could top Mon, yet SPY could form a low. They’re normally in sync. I think there’s a scenario that could accommodate both bulls & bears, that is SPY forms a higher low Mon (143.6), then go up to new high, along with the metals ’til 10/9, when all will go down ’til 11/8 per ZZ’s map. I think Anthony even mentioned a possibility we go up to new high after this Mon. low. That’s why I’m not sure why one would try to short the market now just to get another point or 2 in SPY, the risk/reward doesn’t make sense to me.
Good points Q…. I’m very cautious on metals because I see a good possibility of silver hitting 38 before reversing. But if it hits (or gets very close) I’m getting in there. My last silver call was 4 days off so it could take a few days to top.
I’m not too worried about missing the equities short but I’ll take any trade that has a good set up so if I see a good opportunity I’ll grab it. Like I said before, I’m more interested in going long at the bottom. I see a high probability of SPY hitting ~141 next week.
Thanks for your great input. 🙂
michael…….read my comments on…Silver: 9/29 Uranus-Earth Conjunction..platypus foot.. thread…..just my 2 cents ……
Gannman, your post mentions nothing of the negative aspects happening this weekend and it’s effect on Monday’s trading lol . But not to worry it’ll prob just be another boring session with little 2pt scalps here and there 🙂
todays aspects are more weather related ……
Thanks for reply Platy, I was really after what you make of these aspects if they are trend changing or not
I don’t study astrology that way so I’m sorry I can’t give an opinion. I’m sure Gannman and Karen could give you a better response. I have Oct 2-5 as a very important time period.
Just looking at my basic astro software for nxt few days, I notice
Sun sq Uranus – 29th
Sun sq Pluto – 29th
Fullmoon – 30th
From my basic astro knowledge this doesn’t look very positive Monday opening does it ? I know the beginning of the month tends to be bullish but the look like strong negative aspects
Thank you Michael, I’ll be looking for a good place to short /es and metals on Monday.
congrats 101,126 hits
platy hi how r u. i see you trade the es to can you help me with some guidance, i keep getting smacked im entre’s are wrong. i mite need glasses i see things going up and they go down……….
I’ll be happy to help you Lajani. Let’s try to get a good entry on Monday. Have a great weekend!
Thank you. You to!
well…we got a bit closer today to the lower target of 1415-1420 cash SPX…..perhaps things will really move next week. Have a great weekend everyone and thanks for sharing your expertise/thoughts.
My Hurst-calculations for sp cash stil a low at 2 or 3 oct. W’ll see.
SP cash and fut=es only 6-7 points lower. In europe indeed between 1 and 2.5 %
SP500 leaves a hgher low (day). But the week graph is still going down. So next week of the second one the week-low.
Is it just me or does anyone else see the fractal here?
Looks like 47 VIX is coming to a theater near you if that fractal plays out. Good eye!!
Thanks for the translation! 🙂
it certainly is possible but patterns typically rhyme versus repeat so we will probably get some type of variation than what you expect.
Do you guys have any opinions about US bonds? TLT/TBT?
Are you holding over the weekend platypusfoot?
Yes unless I get stopped out.
Watch out for the stop grabbers!!
Short /es 1436 stop 1443 3:17pm
Edit: Moved stop to breakeven 3:27pm
Edit: Moved stop to 1438 3:45 pm
Edit: Back to even 4pm. I’ll honor it this time.
Edit: Stopped out.
Great entry!! Your target for next week is??
Wow, great decision!! you knew they (stop grabbers) were coming, right?
LOL I’ll try again Monday.
CIT team, great call on the Dollar bottom. Looks like it bottomed this morning. I am speculating here whether history will repeat itself. Last year on Oct 3, the market was down huge before the great reversal. Due to the proximity of ZZ’s call for bottom on Oct 4 this year, I am wondering whether we will see the capitulating down (maybe a little under 1400 to run all the stops) before the great reversal again. Sort of like the top on Sep 25, it was up 50 dow points before reversing to minus 100 dow points. I think that will give the power for the next move up to make a higher high, even if it is only marginally.
All speculation, good for giggles only!
Yes, but last year Oct 3-4 was a major low preceding a multi-month uptrend…this year oct 9 is a temporary high before multi-month downtrend….at least that is how i am interpretting the info on this site. 🙂
Thanks for the info. Next week is going to be an interesting week!! 🙂
It’s possible we see a low on Monday….could be trading in an abc down for wave 5, we could be currently heading down in wave c….2:19 eastern time….so if that is the case, we could see a low on Monday….which is the next turn date…
I have noticed that ZZ’s turn dates sometimes have the biggest moves….so could we see a big move up on the 3/4th??
His next turn is on Oct 9th…so could that day have a big move down?? We usually need to see a topping pattern before we get a big move down, so possibly we top before the 9th??? Just speculating….
Karen, your road map has been spot on so far, you nailed every day this week ! Well done.
Wish i followed you 🙂 I hope you’re right about Monday
Thanks very much Karen for your highly accurate “speculating”.
Here fill out this lotto ticket for me :p
Thanks Anthony and Michael….sometimes it turns out as we expect, and sometimes it doesn’t….I do love it when it works out…. 🙂
I hope we see a lower low on Monday too, I think that would put more validation into the next moves down after the 4/5th…
IBM at all time high ? huhhh
European futures still 2 % down and nobody buys here
something very strange is going on
Platypusfoot- whats your stop if spx busts out right here?
I haven’t entered my short yet. I like to have my stops in break even or with profit. If you want me to recommend a stop for those already in I’d say 1451? but I’m not really good at that which is why I try to look for the extremes to enter. Anthony is a better person to ask.
Ok. Thanks a bunch! Still getting the hang of this though i still cant make heads or tails of those zodiac wheels! 🙂
It takes some getting used to!
that’s an understatement…i tend to rely on experts like yourself for such interpretations…
Yes, symmetry hits around Oct 4th, and I’m sticking to my guns that it’s a low until proven otherwise. I’m more interested on seeing how Oct 9th is going to look.
ZZ bottom 🙂
do you think we missed the low of 142 & its heading up now?
No we are still on track.
I believe 141 will get hit.
what does 142 SPY equate to on the SPX cash price?
Around 1415. I’m holding out for closer to 1405 but we’ll see when we get there.
ok, and you see this happening on the 9th? (sorry, the formatting on this website is all messed up for me, and I’m new to this blog, so I’ve tried to read back but can’t make heads or tails).
I think Anthony has Monday and ZZ has the 5th, so maybe we’ll see a double bottom. We want to make sure we grab longs when we get there.
Sorry ZZ’s low is the 4th and he’s sticking to it!
ok, lets give this a try…short SPX 1441.
great trade so far, lol…..I’ll try to be patient.
It’s just gap filling. I’m looking at around 1447 to short.
it’s certainly doing a good job of gap filling. I think people like me are a bit concerned that the full/new? moon this weekend is not going to help us with the down ticks. At least it hasn’t since the Spain announcement at noon. 🙂
I’ll believe ZZ over the Moon 😀
Here in the Nethrlands we have a very strange thing going on with the future .
We now have an interference .
I think a few big guys have the wrong positions .
Look out there !!
What do you mean Klaas?
NDX weekly trend chart…trust everyone took note of the significant negative divergence between price (although it is not shown it was higher recently then it was in March) and the two oscillators (red/blue, pink/blue)…may prove to be significant…final post for the day…good luck with your trading…
September 28, 2012
NDX weekly trend chart…pink/blue indicator is the primary trading signal…only eight signals during the last year (whipsaw action last November…no system is perfect)…note the absence of price on the chart…if you are trading the swings (trend) then price can be a distraction…good luck with your trading…
NDX weekly trend chart…all four of the indicators depicted on the chart were devised by me…each is an indicator overlaid with another indicator…
Pindar i dont snack between meals. No day trading.
Please check back through the thread targets have been posted for SPX.
Hey Anthony, just curious what city you live in? Sydney here 🙂
Klass re IBM…indices bottomed early June…IBM bottomed second week in July…IBM is a bit late to the party…
September 28, 2012
Look at IBM ..don’t looks bearish at all
I believe this evening the CIT team will pass our 100,000 hit on the blog.
Thanks to all the CIT’ers for your continued support.
Well deserved and congratulations….
thankyou CIT for sharing your expertise to us little guys trying to make a buck
I think this market sell off and gold decline is going to be deeper and longer than most expect.
Well get a bounce, which im going to buy and then short again.
Mate I think we’ll bounce off the 50dma
Yeah a lot of people unfortunately think the gold correction is finished.
as of 10:30AM (NY) the NDX intraday charts indicate there is more downside ahead…
Thanks RR 🙂
Raised target to 142. They can keep the rest. Thx
On the off chance we reach the secondary target of SPX 1404-1408. Buy it like it was the iPhone 6.
I just calculated the SPX bottom at 1404 next week and the NDX at 3053.00
We have another 2.3% to drop before bouncing.
Thanks James, raise your target a little.
Planetary prices suggest major support at spx1399 and compx 3070 on Monday.
You got it Peggy! 🙂
Thanks alot Anthony, that will do nicely 🙂
Does anyone know the spx equivalent of the spy target 141 ?
Just get out around 1420 SPX and that should be good enough. Thx
that’s clear to me….thank you…
September 26, 2012
my weekly trend chart has confirmed a change in trend…it had been on a buy signal since June…unable to post charts at this time…good luck with your trading…
September 25, 2012
NDX…may prove important…
my focus is on swing trades utilizing NDX instruments…just went through my daily check down…one of my daily trend charts signaled a sell today…it had been on a buy signal since mid July…one of my weekly trend charts is very, very close to signaling a sell…it has been on a buy signal since June…unable to post charts at this time…good luck with your trading…
Thank you RR 🙂
Tks Anthony, Platy and Ganmen for setting me straight. I’ll try to be a better student next time.
…..and ill try to be more patient and improve my diagrams.
Good to have you around Testy. Just keep viewing the charts and playing with channels…..most of all just half self belief and you will do it. 🙂
might head back up in to the close today my 2 cents im done for the day …testy look to the left of that red circle that gap should fill before we lift off ……
Thanks for checking in Gannman, have a great weekend.
:s were heading for the red circle. Thats the red circle, the circle, the red one. 😉
tks …i guess i was focused on the support and resistance levels of the line as opposed to the simplistic red circle…thank you for re-setting me….
It’s kind of hard to read. The projected low is 141.5.
No problem, i admit sometimes i can be a poor communicator. My wife reminds me daily.
we broke below 1440…do we expect to continue down or to retrace back up?
testy check the main update, Geeze man, patience. Put the SPY levels on a chart sit back and watch your PnL grow.
sorry Anthony…i guess I don’t have a clear understanding of the main chart with all those lines there 🙂
http://www.stockcharts.com…..spy…weekly…years 0 months 6…type..RENKO..landscape. ……night…box.pts..1…field hi/lo……takes away all the noise….once we make a double top u will c the rest follow ….cheers
Look at IBM ..don’t looks bearish at all
Klaas bear flag or……… downwards sloping channel!
Watch the levels chaps/chapess’
one last thing will get in to dust next week gold should head down starting next week will keep u posted when i enter the trade……….
Thanks Gannman, I agree!
gannman, do you see gold correcting then reaching new highs by year-end?
Thanks for the posts.
Looks like capitulation has started ! Lets see where it ends
Good morning …………..here’s my 2 cents ……please pay attention to the weekly chart ….in my humble opinion we should head down in to oct 5 then reverse back up to make a double top before going down again make a double bottom and up and away in to 2013…this is based on the weekly spy chart …..this has been a very $$$$$$$week ….Thanks to each and everyone of you …for making this happen …you will be blessed ……keep up the good work ….cheers ….astrowise cit 11/1/2012 maybe a minor on 11/12/2012 and to validate the double bottom 11/27/2012 and 12/21/2012….got in to tza in the last hour yesterday will take my profits and run within the first hour ……….will re-enter short next week …thanks again
education question. If you expect market drop to Oct 5th, then why getting out now and then back in on Monday. Is it purely profit taking to not have to worry about weekend news and then re-initiate? thanks.
Short TZA which is equities bullish, thanks
that makes more sense…tks
No probs Gannman. Agreed on the outlook. Accept i may go long today depending if we hit my targets into 04/05 Oct high
Gannman thank you very much for the weekly tip, just checked it out 😉
ZZ, I am wondering if you have a chart that gives some perspective on the drop during the Sept 2012-March 2013 time period?
For example, the June-Sept 2012 rise looks HUGE on the close-up chart but compared to your Oct2011-Sept 2012 chart the rise since June is a little blip.
It can vary on how big the actual price move will be. I never know on price and I mainly use it for time. There was one correlation that I was following in 2008 and the crash was tiny on that one compared to what actually happened.
Long /dx from 79.51
good luck with the trade Platy.
Thank you to all 3 of you for guiding us and answering our questions during these exciting times, I appreciate it.
Thank you Testy 🙂
Nice timing Platy 😉
I agree with curiousmind, china stimulus equals more money in china equals more demand for global goods and commodities equals markets move higher
But the effect of easing is only temporary IMO, if the world economy keeps getting worse, as it seems to be with the economic data that has been coming out, if the demand is not there, there is a limit to how many ghost cities China can build if the income doesn’t catch up with inflation. Doing CPR on a dead horse is futile….
Guys, i’d be very careful about shorting this market, don’t forget its Evergreen Friday tomorrow: spx up 8 in a row until last week when $SPX lost 0.01%.
Also with talk of china stimulus overnight, could it be possible that the cycle has inverted ?
China stimulus should strengthen the dollar/weaken the markets, no? And yes we do need to be very careful!
I believe that the usual response of the market to China’s stimulus is risk on, look at what happen to the AUDUSD and the Shanghai Exchange last night!!
Keeping in mind that I spend most of my time looking at the Nasdaq, and the Nasdaq does not necessarily peak or bottom on the same days as the S&P, it looks to me like Nasdaq is trying to form a head & shoulders. But I think it will be a fake-out. So I will be looking for a drop tomorrow back to the neckline area to load up. (Around NDX 2770-2790.) Failing that area could mean a drop down to as low as 2750 but not much lower.
Also, full moon this weekend.
Often full moons indicate lows.
HEY ZZ no lunch or dinner for me today took a hit in /esz2 today so if you still have that peanut butter sandwich i’ll have it
I think you’ll find it is pretty even.
A drop down all the way to 2750ish might actually line up well with ZZ’s dates.
I have symmetry hitting on the 4th. That should be the date to watch imo
Does your Oct 4th low correspond to Anthony’s target at around 1414-1416?
Tks in advance.
I never know exactly on price because I only look at time. Unless Anthony has changed his price target, I don’t see any reason why it wouldn’t go down there 🙂
ZZ, I thought it was trend down into Oct 3-4 and up into Oct 9-10. That leaves 3 more days of down…
Regardless of short 1 week gyrations, all on this site agree down into November…murphys law states majority is wrong …that means its really UP into November lol!
Yes, our call has been for a low late August with a peak on the 25th, and then a low around Oct 4th. Next peak is still scheduled for sometime around Oct 9th.
Most things I read say it’s up ti’ll the election.
Btw, I dropped a peanut butter sandwich on the floor today and it landed bread side down 🙂
Well if it was a sandwich, weren’t both sides bread sides?
Yes i have read two schools of thought about the election.
1. Stock market UP = Obama win & Bernake can keep his job
2. Stock market DOWN = Romney win
All news media currently writing off Romney and predicting another Obama term, so based on that you could be right about down into November…
Steer clear of sandwiches until then.
Need to add this to my previous chart post —
If I start from the intra-day low in October we hit today, not tomorrow.
I prefer to start them from closing a closing low though, which would hit tomorrow.
thanks zz your tops
Pindar, I think we peak here today, maybe tomorrow. If we had opened down big and finished positive I would say today would be a low. We didn’t do that, so I’m thinking peak. It’s real close imo.
That sounds like the band ZZ Top 🙂
A ZZ Bottom! 🙂
no way in election period in usa
I know I’m outnumbered here, but this is what makes markets, different opinions. Long or short, we’d better have our stops in. I think we’re at a crossroad here.
It looks that a new day-cycle started yesterday, indeed yom kippoer, and we can expect (a few) days (including weekend!) up. So, now it’s not the time to be a hero and go short. wait…and see.
just to make a comment on your correlation graph dates. Seems to me that the Sep 18 top was 2 days early (Sep 14) and the Sep 25 peak was also 2 days early (sep 21).
What do you make of this?
The correlation is a rough guide and can be off on the exact day. It had May 8th as a peak, but we actually started falling on May 1st. This is why I’d rather trade on my cycles first and then check to see if they’re close to what the correlation has.
Quy, you’re so funny with your Bernanke fascination 🙂 Look at the charts, Bernanke factor is all in there.
Having said that, the old wall street saying sell roshashana and buy after yom kippur has been an incredible hit
This market is not ready to go down yet
Michael – Bernanke is the cause, but the signs pointing to an up move (see my reason, 3 posts back).
Quy, The Bernank wants to keep his job but the big investment banks want a Republican win. They will tank this market into the election beginning very soon.
CIT team, since bounce came today instead of tomorrow, could it be that we move higher tomorrow (which was Monday before) and then back down into 2nd/3rd (3rd/4th before)? Thanks.
You can’t fight Fed, I can’t fight ZZ either~lol
LOL, that is funny. Another reason I’m going against the calls here. Oil, gold, SPX have formed swing lows today, plus the dollar has formed a swing high. Unless they reverse before the close, the dollar is about to plummet & all risk assets will fly upward. Got my stops in though, just in case.
Just my 2cents. Just went long. I think Bernanke is going to keep the markets up in Oct. to keep his job. It’s all a game to them. I can’t fight the Fed.
I never expect it to break down in this bull market; although, sometimes I am pleasantly surprised. If the “bounce”(from reading road map by chart) is suppose to happen tomorrow, does that mean we close lower today? I know dates can be off by a few days or so, so maybe today was the bounce? Thanks.
I’m a bit confused by this as well. I know it’s not about price but a change in trend, right? I’m also wondering what that entails i.e. the price opens lower and goes lower, or it opens and goes lower (if the trend has been higher), and if the trend has been lower then does S&P open higher and trend higher, or open lower and trend higher? I’m just trying to get a handle on exactly what a “trend” is. For reference, I am just using S&P as an example. I’m assuming these can be short, medium, and long term trends (diff. definitions to these as well I presume), so how do you know which trend is changing?
It means we should be looking for a change in trend on the CIT date, and has nothing to do with opening price. Since we have been trending down from the 25th, we should be looking for a bottom tomorrow and then a rise into Oct. 5.
I agree with Anthony’s outlook but would really like to hear what ZigZag has to say about this.
I’m still thinking Oct 4th will be some sort of low before the Oct 9th peak. We already know that the 25th high was the correct call, so I have to believe the 4th will be correct too. There’s always going to be a bounce and it usually doesn’t go in a straight line.
I am seeing tomorrow as having some significance and it could be the next peak.
If we close above the 25th high then it’s possible the 4th is a bust and we have to watch somewhere around the 9th.
The Nasdaq is giving us some important clues to watch. If my analysis is right, then 2743 must hold on /nq, and we’re not that far from there as the Nasdaq is showing relative weakness and has already tested the breakout area. So it looks unlikely to me that the S&P will make it all the way down to its breakout area of 1410 like I thought it would. 1420-1425 may be a more reasonable bottom.
And I think Anthony will be right by his map, meaning decline over by tomorrow (astro, full moon, quarter end window dressing plus already a down week to begin with hence more selling to finish it up and dolllar rise over and breather next week) and starting from Monday UP starts.
I replied to your comment on my blog but figured I would post my response here as well to make sure you saw it.
HI Anthony, thanks for stopping by. It is common for my average loss to be larger than my average winner, but the spread is not usually this great. We have had some unique market conditions lately that punished us with our loose stops, but the action could have easily worked in our favor as well. We average a profit factor around 2.0 for all systems, so I don’t see any necessary changes to be make.
Yes, I use an adaptive stop, actually each system has a second way of exiting for a loss rather than getting stopped out, but with the short history of this blog I do not have any examples of this yet.
The larger losses occurred during a transition area with my filters, going from bearish to bullish. It isn’t always this rough of a transition, but there were some very large moves in just 2 days that did most of the damage to the portfolio. We were also up 80% in just a couple of months, while the portfolio is designed to return 100-200% annually, so statistically we just got a little ahead of ourselves.
Some interesting stuff you do over on your blog. Do you track your trades or have a posted portfolio?
Thanks Gman. I agree, I am very glad to found this blog:). Three musketeers:).
one more thing ………always use a PCI stop….POWER ,COMPUTER INTERNET…use this stoploss for its intention is to prevent a margin call , if theres a failure in the power supply , a computer failure or internet dropout ……..just my 2 cents ……………….LOL…cheers
i dont listen to the news or get involved in politics.
Friday 28/Monday 01 low
I thought it was bounce on friday into Monday, then low on Oct 4??? I read this in comment…
pal just follow the trend… might get choppy in the next 2-3 sessions …use technicals in conjunction with astro ………..out here ….some of the most brilliant people in wallstreet according to me pay attention to what they say ……….anthony ,zigzag , platy …………..and the rest .
Could you educate me on the following? I dont have much astro background. Do you expect down days into these? Thank you.
“…venus squares mars today ,whats kept hidden behind is a full moon on saturday Sun opposition uranus and Sun square Pluto on saturday….whew……and venus square north node on sunday …whew. on Tuesday mars will conjunct the north node and after that a cit around the 5th .. “
Anthony & ZZ – Looking at our projected election dip, do you think it’s possible that Bernanke will do anything to keep market up, so Obama could win & Bernanke could be reappointed by Obama, since Romney mentioned he wouldn’t reappoint Bernanke. Could that invert our projection ?
Again , I question to platy: If the sp500 breaks the 1400 level-13.000 dow, in october or nov12? the significance of the Jupiter-Ceres fo the date of 31 ago12 change?
On the other hand, in one chart, zig-zag one? shows a big decline to 1300, level wuich was tested in jun12.
2. Is possible that the Jupiter-Mars opp in mid ag12 has been reiforced, with the Jupiter-Ceres and not make a support?
All my cycle analysis depends on your vision of the Jupiter-Ceres interpretation, on 31st of agoust. If it is broken the support, would change your vision?
My scenario is top in sep12-oct12? in DOW, 10-15% correction until mid. oct-nov? rebound and a significant drop into 2013, bottom around may13 and may be a doble one into jul-ago13-sep13?
Thanks a lot, i appreciate your elaboration.
Yes, if 1400 is broken that is a game changer.
Thanks GMan always enjoy your posts.
What date do you use for your S&P natal?
thanks Gmann : )
if you have read W.D.GANNS work then you know what he means by wheels within wheels..(Bible-Ezekiel)….astrowise..venus squares mars today ,whats kept hidden behind is a full moon on saturday Sun opposition uranus and Sun square Pluto on saturday….whew……and venus square north node on sunday …whew. on Tuesday mars will conjunct the north node and after that a cit around the 5th ..All i am saying is follow the trend …be a bear in a bear market and a bull in a bull market . I trade off the hourly or 2hr charts so please use technicals along with astro…… .astro just gives you the reasoning behind the moves. In all my years of trading i have never nailed the exact hi or lo on my trades but have always waited for confirmation rather than anticipation …….just my 2 cents as usual …………..keep up the good work .Made a ton on the nugt trade will enter dust soon ………..cheers ………Thanks a million .
Thanks Gannman, always love your analysis!
Thank you for your speedy reply… That’s too bad but yes that would be great if you could manually enter the time when posting your update…I would be greatfull:)
Btw ~ I’m not Stockboom…I wish I were (lol) but I’m not 🙂
SB (or maybe I’ll switch to SBW)
Just a quick question/suggestion is it possible to time stamp your entries or even just the Chart update? Maybe it’s just me…but I’m having trouble following some of these entries ie was the chart update during market hours or after hours.
Thanks and always appreciative of all your work,
WordPress wont allow you, i looked into it and it would require hosting the site then amending the PHP file.
If we remember we’ll try to do it using NY time.
Hi Anthony are you still looking at the 1440 area to reshort? Looks like we are getting close.
Im already in 1438
Are you still holding this short position awaiting the drop to 1415’s by Monday?
Tks in advance…
Sure am testy this is a wave 4 of 5 down.
Lol. Snap 🙂
Watch those levels peeps 1404-1408 & 1414-1416
Who wants a bet we gap down on the cash market 😉
not me your track record is to good !!!!!!!!!!
Shorted /ym from 13391. (Barely higher than I let go :D)
Shorted /es from 1433.
Edit: Breakeven stop.
“Hi Anthony & Platy, I agree a little bounce up here before we continue down. I just notice with Anthony stating test of 1440-42 is this the cash price using CFD’s. Platy has a target of 1435-36 in the ES. Is the ES the futures and I think there is a difference with the futures price and the cash price quoted on CFD platform. Can you confirm this is the case.
Correct. About 10pts
For resistance support bring up a chart of SPY (cash) have that on 1 screen or add some alerts when the price hits these SPY targets this will give you a decent indication of when to enter. Ill post these levels tonight, need to head out for the day.
Nice analysis, thank you Pindar!
Hi CIT Team,
First time poster here. I just recently stumbled upon your blog and lucky I did. That Sep 25 top call was exceptional. Congrats! I just need some help to navigate through the info on this site. Where can I see the roadmap of ZZ,Anthony and Platy? Are they posted somewhere on this site? I was only able to pick up bits and pieces in the comment section. Please correct me if the info is wrong.
1) USD to bottom on Sep 29
2) Top in SEP 25, and stocks go lower into election
3) another ST low on Oct 4, and ST top Oct 11-12
BTW, what does “top in Oct 11-12, correlation date is Oct 9” mean? I think I read it somewhere in the comments. I am sorry for all these newbie questions. Just want to get a hang on all the precious info given here.
Also is there a roadmap for gold and silver also? It seems that Anthony and Platy are both expecting a correction ST, but in the longer term, what are your opinions?
My roadmap is in my head. I’m trying to get it on paper but November/December is giving me some trouble. In the near term, I think we should bottom somewhere in the August price range and then shoot up to higher highs. (This differs from ZigZag’s roadmap which has a lower high in October.)
I think the metals need to come down more from here but when this correction is finished they should take off again in a hurry. If we get a good signal on a bottom for this correction we’ll let you know.
Nicely put Platy
Thanks for your reply. So is the consensus here that, we go lower into Oct 4 probably to 1400, then bounce hard into Oct 11-12 (may or may not be higher than 1475), so what happens after this high, major down till Dec before another major rally? sideway chop?
Hi Curious, welcome!
At the moment we are discussing this. We have 2 different dates for highs in early October. ZigZag is showing a 04/05 October low, I am showing a 04/05 October high. At the moment we are monitoring support levels to give us a clue as to the true low. The general consensus in the meantime is that we are still down with the potential of a small bounce.
We should be lower into elections to late November.
I think we may get a little bump in the overnight like Anthony said. I’m looking at about 1435-1436 in the /es. I’m hoping so anyway so I can get another good entry. 😛
im on the same page as all of you. i think 1414.50 weekly low 9/10/12 on the /es
Thanks Lajani 🙂
Hi Anthony & Platy, I agree a little bounce up here before we continue down. I just notice with Anthony stating test of 1440-42 is this the cash price using CFD’s. Platy has a target of 1435-36 in the ES. Is the ES the futures and I think there is a difference with the futures price and the cash price quoted on CFD platform. Can you confirm this is the case.
Look for a test of 1440-1442 but i think we head lower into 1414-1416
any idea why are the blogs not in order of their entry?
My fault Phantom
I changed the blog time to NYC time. Thought i was making things easier. So anything posted in Oz time gets shifted to the front. I think ;s
Hi fab 3,
Just wanted to congratulate you on your 9/25 call this week! Wish I had jumped in to short, however, just wanted to sit and observe this call through…lost too much to take any chances at this point. However, feeling more comfortable learning from the pros and more about the astro cycles.
Kudos to you all!
Thank you SB, good idea to just observe for a while!
Yes, I’ve realized the hard way that shorting is definitely not for me I’m holding for long positions once we bottom.
Thanks SB 🙂
Out of my DOW short.
Platy, so what is your target to reshort? 1450?
I have to leave for a couple of hours unfortunately so I won’t be able to look for a good spot. I may have exited at the wrong time but I’m not worried about missing out on the rest of the short. What I’m really interested in is catching the bottom to load up on longs.
congrats on the trade…wondering why you didn’t hold until the Oct 4th bottom?
Thank you testy! I wanted to make sure I took the profits I had already made and I need to leave for a while. I am much more interested in going long when we hit bottom. GL!
That’s very good question testy99;
Excellent trade Platy 🙂
Thanks ZZ 🙂
Moved /ym stop to 13390.
USO gap looks filled Pindar.
between the Sep 25 and Oct 9 peak. there seems to be 2 bottoming peaks. Just wondering which one you think will be the actual bottom and what are the 2 dates?
Oct 2nd and Oct 4th are the two lows. Short term cycle hits on the 4th, so I believe it will be closer to that one.
I have no clue how to read that chart…any suggestions.?
tks in advance…
Yeah, this chart is starting to like a plate of spaghetti Lol. My charts are cycle dates only and have nothing to do with price. It gives me dates where price is most likely to reverse. The next dates to watch out for are Oct 4, Oct 11-12 and Nov 5-6.
do you expect more downside
It could bounce here soon and then make one more push down to Oct 4th. Just keep an eye on sometime close to Oct 4th and Oct 9th. If all goes according to plan the 9th should be the next peak.
Are you following the 1929 path ?
When you follow that, we have till friday down ,monday up and then 2 big down days.
Gap up next day .5 days up and then …bombs away !!!
I haven’t been following the 1929 path, however, there are a couple of large cycles that I found that came close to that time frame, nothing definitive though.
Good to see you 🙂
Thanks for the answer ZigZag
Now i must study again 🙂
Did you have your short IBM ??
I haven’t because my order was only be filled when IBM makes a new high.
Good luck and thanks again
Anytime Klass 🙂
I didn’t short IBM, but I wish I did now Ha! I was watching IBM mostly for market direction.
ok …just got out of those oct 146 puts @3.60 had got in @1.40 …..whew…Thanks a million to each and everyone of you for making this happen …..God bless and keep up the good work
Thanks for the update GM!
you are welcome….cheers
Hi Pindar, I’m still holding my DOW short. We may have seen all the bounce we’re going to get for now. If I see another good short opportunity I’ll let you know but I do not recommend selling on the dips so it might take a while.
HI CIT Team,
Just wanted to say thank you for the great call for 25/9. You guys are doing a great job. 🙂
Thanks Taiz 🙂
Thank you Taiz 🙂
dont expect markets to go up this week………….9/26/2012..tsquare VE-MA-MO
9/27/2012..tsquare SU-PL-UR……and 9/28/2012…………..
Thanks gannman. Just nibbling on an aggressive day trade, overall im still bearish into Friday/Monday.
gannman, being a bit of a novice, does the t-square date represent a change-in-trend day?
Also, I like your posts. Both educational and encouraging.
Welldone CIT team, really appreciate your work.
Dont forget the old wall street saying, sell roshana and buy yom kippur (Jewish holidays). It’s you kippur today so if short, I would really tighten stops here as there is strong support at 1440
I’m taking my money and running 🙂
Thanks again guys
Never wrong to take profits. Thanks Michael 🙂
ZZ you got an updated chart for the cycle low in early October ?
on a side note if you can start with a $1000 bucks and double your money everytime by trade #10 you should have $1024000.. is it possible yes it is .. all you need is to have the patience and the will . short story…..The Lion sits in the tall grass waiting for an attack to kill for food. He crouches
down so that he cannot be seen. His sharp eyes and smell pick up the herd of
animals just a short distance from him.
He waits patiently for the animals to come within striking distance. The target animal
is picked and it is just a matter of waiting for the right moment.
Suddenly, without warning, the Lion strikes.
He catches the unsuspecting animal by surprise.
It is done in an instant, and the Lion has dinner…………..when the moment is right take the trade ……………
Gman – If you could be that lion & let us know when dinner is about to be served, so we can join u in the meal, cause I’m one of them lions, where a rhino could be behind my back getting ready to stick it, without me knowing it, LOL !
Or you could be a game keeper with a sniper rifle mounted with a ChangeInTrend sniper scope ;p
LOL, I like that one, Anthony.
for all the option players…… all you need is a $2.00 drop in the spy to double your money….bought some spy146 oct puts this morning for $1.40 currently at $2.75….bottomline $2.00 move up for calls and down for puts to double up buy the (atm) option..this is not a trade recommendation in any way ,shape or form just my own trade……….keep up the good work ..Thanks platy…cheers
Thanks again Gannman!
out here in texas we love to do the twostep and in my humble opinion i believe thats what the market will try to do in the short term . There’s a bunch of planetary aspects on either side of oct 5 (cit) if we continue going down in to oct 5 then be mindful we should turn around and head back up in to the mars trine uranus aspect of the 15th .anyways the reversal will be of at least 4% . looking at the weekly spy chart this is week 2 going down , we should find support head back up to make a double top before a bigger drop in to the november . please use your own technicals …..This is just my two cents ….Thanks a million everyone for all your input and time .
Love your analysis Gannman. White wine here? 🙂
Thank you SO much for your charts, for this site, and for your comments and blogs. Wow. What instruments to you guys/gals use most often to trade the market (short and long)? Thanks.
Youre very welcome.
S&P500 cash. SPYDERs. I use my SPY charts for charting.
Occasionally GLD, UUP.
S&P500 $10 mini contract but i would no way recommend this for all its highly leveraged. 😉
I will probably stick around till ZZ leave lol. You better pay this man bonus. 🙂
He gets free accommodation!
NDX trend trade system…note the yellow histogram below the zero line…as long it is in negative territory the trend will be down…this is not one of the two charts referenced earlier…good luck with your trading!
Thanks RR. Nice chart 🙂
Thank you Rotrot!
Good stuff rotrot 🙂
It requires a retina scan 😉
rotrot ….just wanted to know whats the second indicator above the price chart . i believe you are using renko for price ..thanks a million
ok thank you. and no im not leaning on the CAPS button 49 years old the eyes are not what there used to be LOL
AHAHAHAHAHHAHA GOOD ON YA JB
HI ANTHONY THE CHART YOU POSTED THE BLUE ONE IS THAT ESZ2 CHART
SPYDERs – SPY. Says it at the top of the chart.
Dont know why everyone keep mentioning a charged website. I dont recall one website i been to once they started charging, their calls were good. It normally gets worst and worst lol. Not saying this site will be like that, but most charged site I see is.
As well, being a pay site, lot of responsibilities and headache. With Anthony sleeping schedule, dont see how he is going to be able to answer our questions during normal trading hour. As well, ZZ loves fishing away from everything. Platy may be the only one around most of the time during trading hour where quick decision needs to be made assuming she is around. Oh, and all three can have different opinion at times, hard to make decision base on too many opinions, not saying that is a bad thing, but imagine two of the different opinion individual arent around to answer questions during trading hour.
I may pay for the site if it does more products than SPY/SPX though. Like VIX/VXX
my 2 cents.
Anyways, if you guys do decide on making this pay site, good luck for sure. 🙂
HI ALL I TRADE THE /ESZ2 CAN YOU TELL ME WERE YOU THINK WE WILL GO TOMORROW THANK YOU
Hi Johnny Boy, I have an open sell order at 1445.50. I think after this little bounce /es is going to 1400 or so. Anthony posted some new charts in the comments a little while ago.
I’VE BEEN READING YOUR BLOG FOR TWO WEEK AND REALLY ENJOY IT THANK YOU. GREAT CALL ON 9/25!!!!!!!!!!!!!!!!!
Hi investbb, as much as I like fishing, I’ve always been here 24/7
I’m not a day trader, so I probably won’t be much help if someone needs a quick decision during the day. Swing and trend trading is my speciality and patience
(I call it fishing) is what I preach. VIX/VXX are not cycle friendly, but if you bought today at my cycle peak then you’re already ahead of the game. I think all the three of us have been pretty darn close in our opinion of what is happening. Each of us have something unique to bring to the table and I’d much rather have that than trading on one persons view. You get all three of us for the cost of one 🙂
HEY PLATY THANK YOU SO MUCH
You’re very welcome 🙂
“I’d much rather have that than trading on one persons view”
Exactly ZigZag. 1 Analyst sees things only within the bounds of their own perception. That’s dangerous.
Thanks for your post. I know you’re a seasoned investor from SC’s site.
I dont see us ever touching those volatility products in the future so we understand if you dont stick around.
I didn’t mean to post that here, but I DO agree that these volatility products are, well, VOLATILE!! BUT I have to say that I hadn’t lost my arse in them then I would not be here… 🙂
anthony , do you think you could specify the time and the time zone as well; on the comments. thanks. sorry to be asking this on the free site. but i will be join the premium site immediately once you guys decide to open it. thanks for all your hard work
This one is for you
LOL! Excellent!!!! 🙂
Pindar see my post above
Hi Pindar, see my post below
This is what I wrote the other day…
“Anthony, I have the same turn dates coming up as you 24th, 26th, 27th, and then the 1st. The astro’s this coming week are favorable to higher prices in the beginning of the week, and then lower later. The full moon on the 29th is negative. Charts I am looking at suggest that if we are up on Monday, possibly to SPY 137 area, then we could be down into the 25/26th, up into the 27th, then back down and capitulating on the 28th, then turning up on the 1st…”
Thought the bounce on Monday would be higher, but not so…but technicals, EW and astro’s agree with above, which is exactly what Anthony said today…we could be in a wave 3 of C currently, so I am expecting the possibility of a wave 4 up, then wave 5 of C down — could be on Friday….
Excellent! Thank you Karen 🙂
Hi Karen. Love it when you Astro gurus confirm the geometry, super powerful stuff. Thanks for sticking around and offering your input.
RoadMap is suggesting a low into the end of the week very early next week price targets for downside 140.5-140.7 or 141.5-141.7. Put these support levels in a separate window and monitor them for the other indices.
Rebound target 145-145.50
Changed my mind booked profit will re-enter at these higher prices.
Roadmap – http://dl.dropbox.com/u/68546753/RoadMap1.png
S/R & Time – https://dl.dropbox.com/u/61944563/SPY%20GEOM.png
At the moment this is the opposite to ZigZags roadmap he has a high on 04 Oct and we all know what his track record has been like :s
I agree with your roadmap Anthony, I think Oct 4th will be a low and then a peak sometime around that Oct 9th date.
I may add an /es (S&P futures) short on a bounce to 1445 or so.
Somewhere around Oct 4th is the next low on the correlation. I’ll be looking at my shorter term charts tonight to see if I can find anything for us.
By the way, excellent calls on GOOG and TWX 🙂
Seems to me we already tested the breakdown about half hour ago. Think wge finish the session near the lows.
Well “I got the hell out of Dodge” on Friday and went short this morning and so far so good.
Check out previously posted target areas. Bounce here. Lower lows likely by end of week. Support prices to come. Holding. Back to bed.
Thank you Anthony!
If you are staying in make sure you have stops in place with at least a little bit of profit. Never turn a win into a loss.
Thank you Platy, will do
Platy, ZZ, Anthony
Are we looking at S&P bottom today around 1445? or now cycle is continue looking negative until Oct first week?
Thank you for your quick response!
Hi Stockboom, I can’t speak for the other CITers but to me this looks like a good place for a bounce before continuing down. I’m holding out for lower lows.
I agree with you here, we may get a little bounce back here but we should head lower in the coming days and I think a target of 1420 to 1430 on the S&P is on the cards. Let’s see how it unfolds 🙂
Thanks muw 🙂
Thank you Rotrot 🙂
pindar13…not a day trader…swing (trend) trading is my approach…there are always counter trend moves…however, the daily squiggles and wiggles are not for me…will stick with yesterday’s daily sell signal until my system signals a buy…good luck with your trading…
September 26, 2012
Hi Rotrot, do we continue down or get a bounce from here?
Nice rotrot 🙂
This is probably a good place to take profit if you are risk averse. I’m going to hold.
platy, and another question, 28oct12 new opp. Jupiter-Mars. Any implications?
Possibly. I will be watching closely. But it is at 18°. So a lesser planet (Mars) and a lesser harmonic than the Aug 31 Jupiter-Ceres, so I think Aug 31 will hold.
The Oct 28 opposition is more important to metals than it is to equities because it occurs at major harmonics for metals.
ZigZag do you have updated chart when you think bottom will be after the high here 25th? You see a drop into early October or ?
Correlation has a low hitting around Oct 4th and then a lower high peak on Oct 9th. I’ll be looking at my short term charts tonight and see if I can narrow it down.
Thanks a lot ZZ , seems like the drop into Oct 4th could get pretty big if today was a start of a drop….. But overall the last chart I saw had you also with a peak sometimes late September before hard move down to November.
Cycleanalysis, was it this one? http://tinyurl.com/d57npp3
I just noticed if I measure out from the last two lows it hit’s exactly on Oct 4th. 🙂
Thanks ZigZag :). L,L,H?
I’m thinking L,L,L 🙂
platy, is possible you can give me some information of Jupiter-Ceres, some experience of the recent past or just in the past.
Again, thanks a lot****
The last similar conjunction happened at 18° and produced a low (Oct 27, 2004).
ZZ: Another good call again on Sep 25th, Do you think we still have a higher high to make a bullish diveigence before Oct 9? or 9/14 is the highest top in 2012 already ?Thanks
I wasn’t sure on that 9/14 cycle, but now in hindsight and looking at what happened today, I think that is likely our top date. On the chart that I posted this morning http://tinyurl.com/btq274m the next date on the green line hits on Oct 9th. The correlation has a peak on Oct 9th and I prefer to see the market heading up to that date, similar to the correlation.
1 Question for Platy: If Mars-Jupiter in dif. conjuntions -that I ignore- from march09 (bottom) have been tops 24apr10, 1 may11 and 12-17 ago12 (tops), we ignore if 17 ago13 will be a bottom or a top ( i bet a bottom), how can we know if the Jupiter-Ceres of 30 ago12 is a bottom? It´s no doubt? 100%safely?
2Have you seen another in the recent past signal similar to this Jupiter-Ceres. Is somenthing can avoid it influnece in the next future?
Is very important for me, because disrupts my cycle scenario.
You are very kind
Jupiter-Ceres is a bottom because on the day of the conjunction the markets made a low, not a high. Also because after the event we have moved up. Nothing is 100% safe, but I’d go with pretty high odds.
I don’t see anything that is likely to reverse the Jupiter-Ceres low anytime soon.
I’m not sure about the other guys but I’m looking for a re-test of the breakout at about 141-142.
hi pinder.. thanks for the clarification on GOOGLE.. i’m with you. do the opposite of what Crammer says. We also shorted GOOGLE yesterday at $747. but couldn’t take on more risk today. we have also shorted TQQQ, and TECL..
zz, anthony ,platy.
zz could you clarify,if you have the time. do you expect a minor dip now or a major dip and then a bull market?
appreciate your time and responce
My thinking is we’ll see a major dip towards the election and then a seasonal bounce into the new year. I think we have one more major selloff early next year before a sustainable new bull starts. If I’m wrong about this election dip, I still think we see a major decline soon after or early next year.
Nice job Pindar 🙂
SPX is now in the “cycle horn of plenty”. <— I should Trademark that 🙂
Horn of plenty……..
Maybe its just my filthy mind 😉
Lol, I was thinking the same thing as I was typing it. 😉
just went short spy
Good call GMan
Shorted /ym from 13539
Edit: Moved stop to above today’s high.
Edit: Back to breakeven.
Just to be doubly sure are we expecting a higher high today.
I thought this was all hocus- pocus back in January but the accuracy has been uncanny and you have earned my respect. I have considerable short volatility position which has been kind since June. Does anyone expect volatility spike to accompany the Oct turn dates?
Check VIX October and November 60 and 55 strike on calls.
no blog anonymous…but I am truly blessed to be in very good company out here.
Lets short IBM at a new high 🙂
Hi Pindar.. GOOGLE ==> did you SHORT or go LONG? i think GOOGLE is running today on Jim Crammer’s comments “i think GOOGLE is better stock than AAPLE”. GOOGLE appears to be over extended in short run but could get another 3 day run out of Jim’s comments.
although we are in a reversal or cit window october 5 (sept28-oct8) Mars is always the trigger .we should reverse at least 4% if we r moving up . Be mindful that mars is still conjunct the north node on oct 2nd and will be trine to uranus 10/15/2012 keep up the good work …you will be blessed….Thanks a million .
gannman, do you by chance have a blog where you post this info?
Great work Gannman, thanks!
Weve had an early test of channel resistance and failed. Added a short open at 1459.
jupiter at 14 deg -24 deg gemini calls for a top , we are currently in that time frame ,
8/24/2012-11/16/2012 . jupiter will again revisit 14deg -24deg gemini 4/2/2013 thru 5/31/2013 ..the final top for 2013 in my humble opinion . will go short today ….
gannman always appreciate your view on things.
From my perspective we hit strong support in yesterdays session. If we can move below 1450 its on otherwise i must respect the lines in front of me.
With TLT and the dollar at heavy resistance i’d say i dont need the river card.
But hey ive been wrong before and i will be again.
Thanks for posting Gman.
Looking at the geometry on the SPY there is downward sloping channel resistance at 146.6. A break through of this resistance should lead to further upside to 147.5-147.7. I have a buy order at 146.6 and an order to take the cash at 147.6.
Today could be the day weve been waiting for to go short if we meet upside price targets.
I’ve just read that if the SPY hit the 147.6, you were going to take the cash. Now, weren’t you excpecting something higher than the september 14th high? Thank you for your great work!!!
It was always my idea that we would head above 1500 in early October, that hasnt happened. I had a position above the downwards sloping channel in case we broke up out of the channel, that hasnt happened infact we have met resistance at the channel. So at the moment im just trading on the geometry in front of me.
Jim Curry, September 24, 2012 – “Low-End Four-Year Target Hit – Brief Correction Due, Higher Into November Election”
Guys – i want to learn more about cycls. Please tell me where do I start?
If you want to learn about planetary harmonic cycles, buy Brad Cowan’s book “Pentagonal Time Cycle Theory”.
Cowan said the top is on March 2012, but he was wrong
Yeah he attributed the March top to heliocentric Uranus 18° but the March top was actually geocentric Uranus 18°, and heliocentric Uranus 18° was a bottom. I caught them both correctly. Still, the guy is a genius and the book will completely change how you look at the markets.
Earth 0 Venus also contributed to the June 4 low.
With regards to Gold just closed my positions in NUGT will get in to DUST once i get a confirmation with a morning star candle stick or bullish engulfing candlestick pattern which i rely on in trading and has worked for me . Astrowise most powerful and bullish for gold is when geocentric mars transits thru scorpio every two years. In 2012 this happens august 23-oct6 . Meaning it would be wise to buy Gold within two weeks of its entrance in to scorpio on august 23 and then gold would form an important crest sept18 -oct 5 .sorry for the late post wasnt around here when i took the trade in august ………..keep up the good work ……….
Good stuff, thanks Gannman!!
Thanks for your thoughts on gold cits. I looked back at the historic low in gold in July/August 1999 and geo Mars in scorpio then… and the final low in Jan. 2001 was geo Mars 14* scorpio. Apparently it can signal a major low or high. also noticed that the historic high in gold 1/21/1980 was geo Mars 15* virgo. fwiw. Another cycle that is useful is the Jupiter-Saturn 180* cycle.
So a correction in gold after Oct 4-6 is due, how long will it last until it finds its bottom? Do you have a price target for the low? Thanks.
I’ve learned to trade the charts not the news.
ZZ, you were looking for a high on Sep 25th, are you still looking for that or do you think it will be a low? Does you system show actual tops and bottoms or is it like Anthony’s where it can temporarily reverse?
Hi Rezito, I’m still looking at it as a top until proven otherwise. The correlation can be off by a few days, so I watch my cycles to see if the dates agree. It’s pretty rare to have them invert on me and I prefer to see price make a big move in the direction of the date.
ZZ, looking at that chart I would take it as 24/25 being a low (low to low), with Oct 11/12 being a high (high to high). Is that how you see it?
If the 25th is a bust then you’re probably correct. Correlation hits on the 9th and that’s close enough to that Oct 11-12 date. I’m still thinking the Oct date could be a lower high though. We’ll know for sure pretty soon..
fyi….looking today at week over week shares outstanding changes Daily small cap bear 3x shares (TZA) $51.2 million dollar inflow….. thats a 5.4%increase ……….hmmmmm
SPY found support as per the chart posted, dollar hit downward sloping channel resistance.
Anthony – Just saw where you had “chart update” above, saying next major resistance is 147. Does that mean u don’t think it’ll get to 149 by 9/26 as originally projected ?
There is big resistance overhead the S&P500 cant get through the 1465 level. All eyes are on the dollar and that mid upwards sloping channel on the SPY chart at 147. My preference is we go higher, inflation assets should give us another boost.
The charts tell me that the SPY just hit support. I cant ignore that.
can you please clarify what is the bottom date indicated on your correlation graph between Sep 25 and Oct 9?
Oct 4th Steve.
Stockboom…gave up reading the opinion of ‘experts’…they all have an agenda and it isn’t helping me make money trading…will rely on my technical indicators…they don’t lie…good luck with your trading…B-) cool
I am not convinced now that market will drop, looking at today’s action…we may hit 1500 range first before making any pull back…no technical just gut feeling…read the article below on why market will not go down until election…
News is noise.
Are we going to buy long today and sell tomorrow? or short today? market is in range and can’t make decision! still wondering why in last two brief pull back S&P never reached to 1440 level?
What is the plan guys? if market is going higher from here then do you see tomorrow is huge rally? reach to 1500?
Hi Stockboom, I have no plans to do anything until tomorrow at least and maybe not for a few days. I don’t like trading when a stock is range bound. If I see a good shorting opportunity in the next couple days I’ll let you know but my big plan is to get long on the drop later this week (if it happens). Keep in mind that I’m more conservative than Anthony so I’ll pass on trades he might take.
But market is holding solid, and I am suspecting that we may have 25 point jump on S&P tomorrow to retest 1484…then it will be shorting opportunity…and that is why I am little nervous on which way to trade…
But all good, will wait for your move.
Anothony is the most conservative man I know so far lol, you more conservative than him? We are in good hands in term of risk boys and girls 🙂
Whenever you are not sure which way to trade, don’t.
I was reading here and suddenly i get a panicattack …today is THE day !!!
25 Sept ,i thought it was tommorow ..whaaaaa ..i must buy shorts !!!
When i see the real date i became relaxed .
ps :Look at the date here on the forum !
Have a good 24 Sept 🙂
Thank you Team CIT.
Hi Pindar, I’m not sure yet. I’d wait a bit and see what happens after 25th.
Platy, this answer has been forgotten in the others commentaries.
Check out, please:
Thanks, platy I understand your explanationes, look what happened in 2011 with mars-jupiter, I think Jupiter-Ceres made a bottom for a short term. Is possible?. In JUL11 we saw new hihgs in Nasdaq, not in DOW, SP500, for example, before a big drop.
This is what I am expecting, a drop in DOW 12-15% first in octuber, 2-5 oct/ 17 oct, a big rebound 23/11 and go down next 2013 to the 13 years cycle, in may13? or Jupitar mars cycle in ago13? about -30-35%.
Thanks a lot.
The 2011 S&P top was May 2, a geocentric Jupiter-Mars conjunction. The Aug 31 2012 Jupiter-Ceres conjunction is a major bottom, even if it doesn’t look like it on the charts. This means that 1400 is very strong support. I believe we will see S&P above 1600 in 2013.
I’m thinking the same thing rotrot. Looks like NDX might have hit it’s high cycle.
Hi Pindar, I think we’re essentially range bound at the moment. I don’t intent to take another trade until we get down below all this consolidation.
It looks like we should see a scary drop early this week. It is possible we go as low as 1400-1410 to re-test the September breakout levels but if it gets that low it should find strong support and reverse quickly.
I would not rule out one more trip higher first. That would put us on track for Anthony’s low today and Zig Zag’s 9/25 high.
if i read ZZ”s map correctly, it is saying a low ~ Sep 30 (as opposed to 04/05 October in the article above)
ZZ’s map shows a 04 Oct low.
My roadmap is slightly different from ZZ and is shown in the post above.
Ill have a look tonight for some decent ones. My battery ran out so i missed a lot of good photo opportunities. 🙂
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