Change-In-Trend

with Anthony, ZigZag & Platy

Complex Topping Pattern

Something is holding this market up. I think most of us would argue it it the quantitative easing program and the relentless destruction of the USD. Fridays unemployment numbers are simply farcical in nature, but then again the methodology that the US uses to calculate its non-farm payrolls is probably run by the same mob that produce Australian inflation statistics. My electricity bill has gone up nearly 40% in the past 2 years, yet inflation has only increased by 1.5%, go figure. Luckily though interest rates for long term deposits are in the region of 6.5% but that’s ok because by the time i actually get the interest paid to me ill be paying $2.50 for a liter of petrol the value of my property will have eroded and the purchasing power of the money in my sky rocket (pocket) will be worth less between the time ive left the house and drawn it from the ATM.

Anyway, we had a top of some sort on Friday as i was expecting. You guys ready for the next curve ball? Well i think that Monday could well be the day to exit the shorts if we get a bounce off of the light green line at 145.10 and the lower end of the upwards sloping pitchfork. Taking a step back it is clear that price is still very much in an uptrend until that lower pitchfork can be breached. I believe Monday will open slightly higher and possibly test the 1464 level before pulling back to the green line. If this level were to break the next target is at the dark green line at 143.43 level closing the gap from the 26 September. IF we do bounce at the light green line i expect a bounce back up to the red line at the 1475 level on the 10/11 October.

Weve now had 8 closes within a tight upward sloping range, we need to be careful at this stage to increase our long positions and be mindful that we are still at strong support which until broken keeps this uptrend intact. Lets watch that 145.1-145.2 level on the SPY closely to give us a clue on where we exit/hold. I was sure Friday would be a CIT high, i guess now price will tell us for how long.

If you are short then you may want to close out your trades on Monday. Put these levels on a SPY chart besides your other charts and use it as a proxy for entering and exiting the trade.

The roadmap provided a part of the reason why i went short a daily early on Thursday and also into Friday, i guess looking at this roadmap it would be pretty hard not to be bearish right now. For now ill just wait for Mr Market to tell me how bearish he is.

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568 comments on “Complex Topping Pattern

  1. platypusfoot
    October 18, 2012

    Anthony called the rally so this is not a surprise. However, as several people have said, this important information was embedded in the hundreds of comments of this thread. I agree with others that it is difficult to navigate through so many comments.

    New thread time Anthony?

    • Anthony
      October 18, 2012

      Hi Platy

      Yes i agree the latest comments can be hard to find. Maybe a summary page of where we are all at that can just be updated to help everyone?

      • SS76
        October 18, 2012

        That is perfect Anthony, thanks for listening

  2. testy99
    October 18, 2012

    Well Anthony stated he believes the market is going up for some X time period and will produce charts shortly. That tells me he is adjusting his map tactically as required due to current market circumstances. What else could we ask for.

    • Anthony
      October 18, 2012

      Right on Testy, dance like a butterfly and sting like a bee.

  3. Mek
    October 18, 2012

    Let me add I DO think the road map will be back on track eventally….just not until AFTER the US election. Highly manipulative forces at play here (including QE3, US begging Europe to hold off on bad news until Nov 6 etc.)

    Central bank needs Obama for term 2… Not sure why but obvious from the market contortions they NEED him in office and are doing everything to swing outcome in his favor….

    Something planetary harmonics cannot predict or account for.

    • Anthony
      October 18, 2012

      What came first the planets or the politicians?

      • centsabletrader
        October 18, 2012

        Great question. I have watched cycles a long time. I have seen turning points timed in advance and not being able to see any “news” item that would cause it. And sure enough, at the timed turning point, something would be reported to explain why the market turned. Now weather it was in the stars, or some reporter needed an explaination for something that happened, I do not know. Considering the “news” fabrications we have seen lately, I can only immagine.

  4. gannman
    October 18, 2012

    Just my 2 cents ……….For all the hard work, research and dedication that goes in to this site …please show some appreciation……Be it astro or the road map ….IF your own trading plans worked ………..you wouldn’t be here…………..EXIT

    • Mek
      October 18, 2012

      With all due respect, there is no perfect system and its obvious that the road map, zz chart etc. is NOT aligned with the markets at this juncture. Not sure if its because of massive CB intervention or not. I certainly dont think its unappreciative to point that out considering the numerous individuals who use this site as some guide for trade decisions…people need to trade accordingly and not blindly follow the maps just because they say one thing and real life says otherwise.

      Caution warranted. That’s all. G’nite 🙂

      • ZigZag
        October 18, 2012

        Mek, the map is still aligned….Here’s the quick version: I said buy in August 2011 and the market would make new highs by mid Sept 2012. So far, we have not closed above the Sept peak. The End 🙂

        • steventrees
          October 18, 2012

          Yeap, I believe ZZ, if you believe someone or something, don’t doubt that, just do it, after considering that, I shorted on Tue., and all in on Wed.

          • ZigZag
            October 18, 2012

            Well said Steve.

            As far as I can tell nothing has changed and if it ain’t broke don’t fix it. 🙂
            Life would be pretty boring if we never took a risk.

    • Anthony
      October 18, 2012

      Thanks Gman 🙂

  5. Mek
    October 17, 2012

    Looks like the ‘road map’ is way out to lunch on this one…Mr. Market tracked pretty close all year until oct 15 and now decided to take a DETOUR north.

    I wonder if Mr Bersnake read this blog and likes to mess with our minds. October surprise or October manipulation…must get Obummer elected to save his sorry ass job…

    Therefore my conclusion is ‘road map’ will be inverted for next 3 months… Mr Market UP instead of down till Nov 8…. Then DOWN Nov 8 till christmas

    • Karen
      October 18, 2012

      Mek, Anthony went long on the 15th and posted his trade…even when the market looked like it could have gone lower….and also, I called for a trend from the 15th to the 22nd, and on the 15th said that trend would be up. Sometimes you have to go with the flow…when price indicates a change, you have to go with it….

  6. Anthony
    October 17, 2012

    Were heading higher charts to come.

    • lajani1074
      October 17, 2012

      I guess i should stop holding my breath……. ty

    • lajani1074
      October 17, 2012

      Anthony, do you think we go much higher or just sideways to up

    • centsabletrader
      October 18, 2012

      So much for everybody in agreement.

    • tfinavia
      October 18, 2012

      Anthony, kudos to you on everything! Please produce a map this fourth time that could have a potential to be right. 🙂 I know astro/cycle map was a bummer since Oct 4. Forget others even you couldn’t trade it for a month other than day and swing trading little moves in cash and futures. Two channel maps with dates were nowhere close to actual moves. Dollar map was like shooting in plain air for it’s lows targeted back in September. One might think targeting on daily moves might have a chance rather than targeting a large move in time periods. Because you’ll need a great deal of handle on dollar, treasuries, bonds, money flows, corporate profits and margins, intermarket trends and dynamics, sentiments and a plethora of parameters to incorporate into analysis to come up with next market move in a month or two, no? And that my friend takes a lot of time and still no guarantee of success in it. 🙂

      This time, be it a charm! Something other than channels. Thanks again…:)

      • Anthony
        October 18, 2012

        Tfinavia

        Thats a joke right? Including smiley faces makes the world good. So youre stringing me up because the market didnt follow the map for five days out of the whole year where you would have made a killing following the roadmap.

        If you know of perfection feel free to share it with us all. Im ready to be enlightened.

        Another thing that you dont understand is that they are not just channels. Price respect those channels and continues to for other reasons than just lines on a chart.

        Check out the latest post to see if that is to your satisfaction.

        • centsabletrader
          October 18, 2012

          No good deed will go unpunished.

        • Mek
          October 18, 2012

          Anthony, please do not take criticism of the chart as persoanl attack on yourself. People are confused as to the present disconnect between the markets and charts/maps.

          You say yourself “something is holding this market up”… Wish. Knew what it was because it makes no sense.

          • Anthony
            October 18, 2012

            Mek, we’ll do our best to summarise and clarify our positions, this could include a separate “Outlook” page.

        • tfinavia
          October 18, 2012

          Anthony,

          Including additional cycle and producing a map that’s now matching to SPX move in your new post is not a joke right? Same here. No joke my friend, only thanks and appreciations. I know and I can tell that you know a lot more than me about what you do. So no stringing either. Smiley faces cuz I see smiles all around me every day! Please take it lightly.

          I know you won’t be enlightened with anything I would present. You will do and trade on what you have been doing. Same here too. That’s the way it should be.

          I told you last week the up move is going to be yummy but you were going to sit it out. You know why I was confident? It was very simple this time. It’s from past experience around options expiry week. And there was a lower close at hand, almost at 50 dma at the time. It’s not hard to tell if you’ve got good eye and memory. Cycles or no cycles.

          I don’t understand channels, that’s fine. I am happy if that works.

          I came here in September so I have no experience on the whole year part. I can only see from where I started looking.

          My point was that down moves are almost impossible to pin point, targets and time both. Not just now, it was like that back in March-May too. About the up moves? Doesn’t the whole world know these days it always works?

          Your new post is fantastic but I am still confident your Monday plan will need fine tuning. 🙂

          I thank you for the time and effort you put for posts and thoughts. It’s very kind of you to answer my request.

          • Anthony
            October 18, 2012

            Tfinavia

            Apologies from me if i came across too defensive and aggressive. We have some great traders at this site, i mean that. We also try our best to bring you guys info that will make you money. Granted we need to improve our communication, Platy and ZigZag are pulling me up all the time regarding this.

            No offence taken.

            I also can learn from anyone. I think if you are someone who cant learn you will become unstuck, we all had to start somewhere and follow are own paths.

            I have to disagree on one comment regarding timing tops. Thats something that Gary Savage over at SMT would say because hes no good at picking them. You can time tops. i.e September and more recently the 5 October, i said was a top and went short (you can check back through the comments). It just requires more patience and discipline but it can be done and has been done right here on this blog.

            Keep the participation coming we appreciate your input

            Cheers
            Anthony

    • SS76
      October 18, 2012

      So you covered??? Did I miss your post that you did?

      • platypusfoot
        October 18, 2012

        Not only did he cover but he went long earlier this week (now closed).

        All these comments in one thread really are a big problem. We will work on improving communication.

        • SS76
          October 18, 2012

          Thanks!

  7. testy99
    October 17, 2012

    I know we don’t trade news but perhaps the negative charts for this time frame we are in now has been over-ridden by the central bankers of the world. At least the bounce to 1462 was bigger than the charts so far…maybe the fall will be bigger as well. 🙂

    • centsabletrader
      October 17, 2012

      The bigger fall sounds right, we’ll see. Anthony said Mr. Market was about to through us a curve ball, maybe this is it.
      Timing is everything. My big problem with charts. Charts may be good for price targets, but timing is usually not included.
      One of the timing problems with charts I think is that charts plot only trading days on a calendar grid. All the week end days are missing. I have been unable to incorporate simple lunar cycles into standard charts in a consistant way.
      I think CIT has the best timing corralation.
      Patience is the biggest issue people have with timing.
      Lord, give me patience, and give it to me right now.

      • lajani1074
        October 17, 2012

        Good evening. zz anthony & platy hope all is well. how do we look… i can’t wait to put my hands in air and scream like when you are coming down that frist rollercoaster hill….. are we @ the top… i’m holding my breath…. lol

        • platypusfoot
          October 17, 2012

          Hi Lajani, I think we may stay near these levels for another 1-3 more days before we see our nice drop. Patience, like Centsabletrader said. 🙂

          • lajani1074
            October 17, 2012

            ok ok not what i want… ty platy

  8. rotrot
    October 17, 2012

    NDX daily trading chart is ‘flashing’ signs of weakness…however, as of today’s close it has not signaled a sell…on a related note, UUP charts causes me to believe that a meaningful low on the US Dollar could be close at hand…good luck with your trading…

    rotrot
    October 16, 2012

    NDX intermediate trend remains down…daily trading chart began exhibiting signs of a positive divergence last Wednesday…needless to say that has been taken care of…today the daily trading chart has begun showing signs of a negative divergence…just a matter of time…good luck with your trading…

  9. simon1080imon
    October 17, 2012

    sure looks like they are going to try and take out the highs

    • centsabletrader
      October 17, 2012

      Turning points usually look that way. Remember just a few days ago, so many thought SPX was going lower from 1425. “We formed an M we are going lower !!!” “If we break 1420 fasten you seat bealts” Well here we are again. Looks like we are going higher. What happened to going lower a few days ago?
      Anyway, when CIT and support/resistance match up, like today, I tend to go with CIT.
      Another way to trade this is with stop reversals, so you are not flat, but either long or short. Not recomended for the faint hearted. Whip saw can cause a lot of pain if that is what happens. Good Luck. Use Stops.

  10. Peggy Mateer
    October 17, 2012

    update on synodic cycle cits:
    10/17
    10/19
    10/25
    10/30

  11. testy99
    October 17, 2012

    i think we need to close this chapter and open a new one…it seems with over 500 posts, it’s really slow to work within this thread…

    • SS76
      October 17, 2012

      I thought I was the only one having issues testy99

  12. Chung Wang
    October 17, 2012

    From 1471 to 1425 took 5 trading days. 5trading days from today and count 5 is about 10/23-24.

  13. SS76
    October 17, 2012

    So what is the current consensus then, down from here into the 22nd, and up into the 28th? Confusing with the different viewpoints hence why a summary page of existing trade positions/time/price targets would be great. Anthony, hadn’t seen you post today. You still short? Targeting 1406 next by weeks end?

  14. Peggy Mateer
    October 17, 2012

    Platy noted the Mars pentagonal cit for today. Closest Mars price is 1456. There was a very brief spike above 1456 (1457.75) and the decline accelerated when it did not hold.

    • platypusfoot
      October 17, 2012

      Interesting!

  15. Tim
    October 17, 2012

    Have taken out last weeks high a close up here is going to be a sure sign of strength. A close above 1461 and more than likely will make new highs.

  16. ZigZag
    October 17, 2012

    I have one more batch to go and I’ll be fully loaded. Probably will just hold here for now and see what tomorrow and Friday bring.

  17. platypusfoot
    October 17, 2012

    Nice call Pindar! 🙂

  18. Tim
    October 17, 2012

    This move up looks more impulsive than corrective.

  19. beetlejuice
    October 17, 2012

    Well I’m adding more shorts at end of day. ” Live by the sword, die by the sword”

  20. apanalis
    October 17, 2012

    sorry > 17 oct12!!

  21. apanalis
    October 17, 2012

    platy and Zig Zag, we could see the top now, from this rebound (17 march12) and continue slowly but solid to the 4th jun12 lows in the Industrials, or less.

    This is my bet from all last summer.

    The cycle for the DOW is slowing, this movement was expected 2-3 months ago.

    Elections?

    FED?

    Next dates, 23 nov12 and 15 dec12.

    Must see a big drop.

  22. Karen
    October 17, 2012

    Looking at the Dow (because sometimes it leads, and it can be easier to count) I notice that the last wave down looked impulsive (had 5 waves down), and this up leg looks corrective (corrective of the trend, series of abc’s), so should this continue to be the case into the next few days, a lower low on the Dow is most likely…

  23. Peggy Mateer
    October 17, 2012

    typo
    1467-68 and 1479-80

  24. Peggy Mateer
    October 17, 2012

    if 10/23-25 Sun 0 Sat 120 Neptune and Ceres is a high, prices are 1467-78 and 1479-80

  25. Rezito
    October 17, 2012

    It’s getting a bit scary here for shorts, is this the 5th wave up? I’m looking at the 15 min SPX. If we head up to 1461-1463 there is pretty good resistance there. I have enough shorts by now after adding more yesterday at 3:30 eastern. Probably would not add anymore unless we take out 1450.

    When it gets this scary for shorts it may be the end of the run up, let’s see. It may not come until Friday/Monday.

  26. platypusfoot
    October 17, 2012

    I went short here. 1455.75, 10:11am

    • testy99
      October 17, 2012

      Hi Platy,
      Do you have a target level/timeline to get out with profit preferably? 🙂

      • platypusfoot
        October 17, 2012

        I plan to hold into the end of the month at least. I’ll see how we look when we get there. Nasdaq has an important reversal date on Oct 31. ZZ’s date for S&P bottom is Nov 8, and there is a 36° total solar eclipse on Nov 13. I’m not good with price levels but I’m guessing that we’ll bottom somewhere around 1380-1400. I think ZZ and Anthony are expecting a lower bottom than I am.

        • testy99
          October 17, 2012

          tks Platy

  27. beetlejuice
    October 17, 2012

    BKX closed down and CDN also dropped heavily. That’s a big warning shot.

    Lookout incoming!

    I think we drop off a cliff very soon.

  28. curiousmind
    October 17, 2012

    Platy, do you think it is possible that the CIT for dollar on Oct 28 could be a low instead of a high?? BTW, what is the significance of Oct 22 for dollar?

    • platypusfoot
      October 17, 2012

      It could be, but a high makes more sense looking at the big picture. Oct 22 is a minor turn date, not as important as the 28th. Too hard to tell right now whether the 22nd will be a high or a low.

      • curiousmind
        October 17, 2012

        I saw a chart on dollar, labeling the recent low as a wave iii low and we are in iv wave now with a v low to come in a few weeks? Do you think that might be a possible read? We kind of made new low overnight on the dollar index…

        • platypusfoot
          October 17, 2012

          What time scale are you looking at?

          • curiousmind
            October 17, 2012

            daily, by the way do you guys know that if you view the comment with you iphone, the comments will have time stamps on them. But not with the pc and ipad though…can you post picture on the comment?

  29. Peggy Mateer
    October 16, 2012

    updated planetary prices for tonight and tomorrow:
    1431 moon 144 ceres
    1433 -1436 sat 120 ceres, ven 90 ceres, 90 sun
    1438 90 sat
    1445 fixed
    1451.5 ven 90 ceres
    1454.5 fixed
    1456 90 mars
    1459 venus and 90 jup
    1464 fixed
    1467.5 sat 120 ceres

  30. rotrot
    October 16, 2012

    SPX weekly chart with the same notations as yesterday…sideways march continues…good luck with your trading…

    rotrot
    October 16, 2012

    SPX weekly…the trend is clearly down…however, my sense is that today’s market action has some individuals (not necessarily on this site) all bulled up…still looking for a trend trade bottom in November (US election week or the following week)…good luck with your trading…

    • lajani1074
      October 16, 2012

      whats up zz anthony & platy… what do you guys see for tomorrow. im short the es @ 1448 what do you think good or bad!!!!!! thank you all

      • platypusfoot
        October 17, 2012

        Wazzup Lajani, I think you’re good! We could go a little higher but I think we got most of the up move over with already.

      • ZigZag
        October 17, 2012

        Hi lajani1074,

        I think you’re in a good spot here..I added another batch short at the close. We should see a larger drop before the elections.

        • lajani1074
          October 17, 2012

          THANK YOU. platy & zz thankyou

        • lajani1074
          October 17, 2012

          one more Q ? were should i have my stop @

          • ZigZag
            October 17, 2012

            Hi lajani1074,

            Anthony would be better to ask about price stops. My stop is above the Sept 14th high and sometimes I’ll wait for a weekly close above it before I make a decision. I have a high tolerance to pain I guess 🙂

        • curiousmind
          October 17, 2012

          Do you think we see new high first before we drop into election? Today’s move is quite strong with very little retrace…

          • ZigZag
            October 17, 2012

            Hi CM,

            It could happen, but I’m playing the odds that we won’t and I have been wrong before.

            I’m seeing some interesting symmetry here.
            http://tinyurl.com/95vpw87

  31. Stockboom
    October 16, 2012

    Team,

    Any chance we are on continue rally here? results are coming good after close, intel is up more then 2% after close….

    Thanks

    • platypusfoot
      October 16, 2012

      We don’t trade news here. No change in plans.

      • Stockboom
        October 16, 2012

        Thanks Platy

        • platypusfoot
          October 16, 2012

          yw 🙂

          If we get a little boost in price tomorrow great – sell high buy low.

          • simon1080imon
            October 16, 2012

            Hello Platy,

            Are you currently short?

            • platypusfoot
              October 17, 2012

              Hi Simon, I entered a small short at end of trading today but I think we could go a little higher so I’m holding out. I think we’ll go mostly sideways the rest of the week so I figured I’d try to pick off a little on the highs each day.

              I have some silver longs which I plan to sell later this week and go short.

    • centsabletrader
      October 16, 2012

      I think CIT has more price corralation than PE, ROI, P/L. Too many sayings out there that conflict. Like buy the roomer sell the news. “Great news for INTL, therefore, time to sell.” ??? That doesn’t make cents to me. I know CIT seems a little mysterious at times, but for me, it has more price corralation.

  32. gannman
    October 16, 2012

    just my 2 cents …we r currently at the same level of last week on the weekly chart ..low 142 hi 145…..3 more trading days to go ……

    • testy99
      October 17, 2012

      hi…so does this mean you aren’t going short until Friday/Monday? tks in advance.

  33. myuniversalworld
    October 16, 2012

    Thanks Platy, I think ZZ is also planning to short near the close today & I am sure Anthony will be looking at taking a position as well as his max upside has been reached.

    • platypusfoot
      October 16, 2012

      I love it when we all agree! 😀

      • centsabletrader
        October 16, 2012

        Me too. If I waited till this happened, I think I would make more $$

      • apanalis
        October 17, 2012

        and me!

  34. rotrot
    October 16, 2012

    NDX intermediate trend remains down…daily trading chart began exhibiting signs of a positive divergence last Wednesday…needless to say that has been taken care of…today the daily trading chart has begun showing signs of a negative divergence…just a matter of time…good luck with your trading…

    rotrot
    October 8, 2012

    ZZ…it is early in the trading day so I am reluctant to project what may occur on Tuesday…having said that, my daily NDX chart causes me to believe that there could be a bit more downside before a bounce…as to the NDX intermediate trend, it is clearly down (confirmed on September 25, 2012)…as you know, I am willing to ‘share’ my charts…however, I am unable to posts charts at this time and may not be able to do so until later in the week…good luck with your trading…
    Reply

    • platypusfoot
      October 16, 2012

      Thanks Rotrot. I have a strong reversal signal for Nasdaq tomorrow. (Mars 36°)

      • platypusfoot
        October 16, 2012

        Yay 🙂

  35. SS76
    October 16, 2012

    I see that Anthony, ZZ, and others have to repeat a lot their near term price targets/CIT dates, and I’m sure it annoys them although they have gracefully always re-iterated. My suggestion as an improvement on this site, is a dedicated section which each of you detail your moves/targets, so its an easy reference point. For example, I always had ZZ’s long term chart to reference when he had it posted up.

    Just a suggeestion.

    • testy99
      October 16, 2012

      I think that’s a great suggestion…it would free up their valuable time and provide their members with the latest guidance levels/timelines.

  36. steventrees
    October 16, 2012

    ZZ~I feel like this market will go down in the short term, but it will make double bottom around 1425, then bounce back until election date.

  37. ZigZag
    October 16, 2012

    Hi Pindar,

    I will add towards the close today, or if I see any evidence of intra-day reversal.

  38. gannman
    October 16, 2012

    just my 2 cents ….The new moon and mars trine uranus was yesterday …today we have venus square jupiter we may move side ways and then one more push in to the sun trine neptune on 10/23/2012 (tuesday)….after that i would be careful about going long …..10/28/2012 mars opposition jupiter…..10/29/2012 full moon …11/1/2012 venus opposition uranus and 2 days later venus squares pluto both these aspects are very important . looking back at the cause and effect of these aspects ……CASE 1….8/7/2010..8/9/2010….The S&P dropped 90 points and the drop lasted 3 weeks ……………CASE 2 ………9/17/2011…9/18/2011…The S&P dropped 140 points the drop lasted 3 weeks ….so it all depends where the S&P tops out next week then either a 9 or 12 point drop …I have a cit of 11/1/2012 (+/-2 days)…..a minor cit on 11/12/20012 as its a new moon and solar eclipse and then another cit around 11/27/2012…..The real kicker to this will be the GDP number coming out on 10/26/2012………..so place your bets with a stop …………..cheers..

    • platypusfoot
      October 16, 2012

      Thanks GM!

  39. Peggy Mateer
    October 16, 2012

    prices gravitate to fixed numbers – currently both compx and es are hanging onto these fixed numbers (have been for an hour). Sun isn’t the only magnet. Saturn is too as are important transits for the day. For example, I’m looking forward to 10/25 Sun 0 Saturn 120 Ceres – that is a major transit and will create a price which I’ll report on closer to the day. If you’re asking, how do I trade this information… short term (intraday) I use volume and rsi – just my preference.

    • guelph1
      October 16, 2012

      thanks again Peggy for your help

    • Karen
      October 16, 2012

      Peggy, I have the 25th potentially as a big down day, into the 29th-Nov 1st…

      It looks very likely that this is the last chance to get a lower low as far as my charts look, although with this price action its looking less likely. There looks to be another low around the time of the election, but this looks like a higher low, then the market looks like it takes off soon after…

      Oil has a big turn on Nov 9th…this could signal a change of trend where oil moves up with the market…

  40. Peggy Mateer
    October 16, 2012

    arriving simultaneously at compx 3081 and es z2 1445. both fixed prices.

    • guelph1
      October 16, 2012

      hi Peggy,
      what do you mean by fixed prices – will not exceed?
      also, do yo expect to go down from here to 1439 – Sun being a magnet?
      thanks

  41. Peggy Mateer
    October 16, 2012

    updated planetary prices for today:
    1433 to 1436 sat 120 ceres, ven 90 ceres, 90 sat
    1439 90 sun
    1445 fixed
    1451-1452 ven 90 ceres
    1454.5 fixed
    1457 90 mars
    1459.5 90 jup
    1464 fixed
    1467.5 sat 120 ceres

  42. rotrot
    October 16, 2012

    SPX weekly…the trend is clearly down…however, my sense is that today’s market action has some individuals (not necessarily on this site) all bulled up…still looking for a trend trade bottom in November (US election week or the following week)…good luck with your trading…

  43. Anthony
    October 16, 2012

    Will close out at around 1446-1448 for 20pt gain. I think this could go as high as 1451-1453 before any meaningful pullback.

    Edit: Closed at 1443.

    • testy99
      October 16, 2012

      congrats on another good trade….
      1. Were your prices ES or SPX cash…I am presuming they were futures but i don’t see 1443 for ES? I’m a bit confused….
      3. You expect SPX ES to reach 1451-1453 (as opposed to cash) before pullback.
      thanks in advance.

      • Anthony
        October 16, 2012

        Thanks Testy.

        IG Markets derivative they mimick the ES. But they are a market maker so they set the market and prices are indicative. I like its because its 24hrs trading and its leveraged 😉 Not for everyone though.

    • myuniversalworld
      October 16, 2012

      Hi Anthony, are the prices you have quoted above the cash price/CFD prices. I use IG markets. When you quote price projections are they always cash CFD prices?

      Thanks you all for a great site.

      • Anthony
        October 16, 2012

        Hi MUW

        Mostly they are cash CFD, occasionally i post cash market on S&P500 or SPY. Or ill post e-mini.

        But the default option is cash CFD.

        • myuniversalworld
          October 16, 2012

          Thanks Anthony

  44. Karen
    October 16, 2012

    The current wave structure looks like 5 waves up, so that usually indicates more up after a pullback…but too much up may change the wave structure, so if we don’t head too much higher from here and we start to trade sideways tomorrow, and get the pullback on Wednesday as indicated by turn dates I gave, and Anthony’s turn date, then we could head up again into the 22nd.

    Today could be wave A, pullback would be wave B, then C up into the 22nd…there are a couple of things that could cause a pullback on Weds…debate on Tues night and Obama is favored, and/or BAC earnings on Weds morning….???

    Negativity returns after the 22nd and I believe we have the ability to pullback into the Nov 1 turn date….there happens to be another debate on the 22nd on foreign policy, so this could be a trigger….??

    • Tim
      October 16, 2012

      Really quite simple here we are in the midst of completing a five wave pattern up off of Friday’s low. Tomorrow is sideways to down before we run back up no later than the 18th.

  45. Peggy Mateer
    October 15, 2012

    prices for tonight and tomorrow:

    1426
    1428-29
    1433 Sat 0 Moon 120 Ceres (should be good support overnight)
    1434-36 Sun
    1438 Saturn
    1445

    • Anthony
      October 15, 2012

      Thank you Peggy.

    • testy99
      October 16, 2012

      hi,
      earlier you posted am and pm high/lows. Does that exist for the #’s above as well. Thanks in advance.

      • Peggy Mateer
        October 16, 2012

        Those “am” and “pm” prices were just a review of what had actually happened and how price turned on the specific planetary prices I had posted. It takes a little getting used to but, like many things, you can build confidence in the planetary prices if you watch how they work for a while.

        • stij
          October 16, 2012

          peggy> do you have a refrence where i can learn about planetary prices ?

          • Peggy Mateer
            October 16, 2012

            years and years and years of trial and error. 🙂 I can say that Gann never stepped on the trading floor without a square of 9.

            • platypusfoot
              October 16, 2012

              Great work Peggy, thanks for sharing!

      • testy99
        October 16, 2012

        Tks Peggy…i will observe planetary cycles as you suggest to see if I can use it as 1 of my data points. Looking at today’s #’s it seems the market will close relatively flat to slightly up today if the Sun and Saturn magnetism are active today. Tks.

  46. Stockboom
    October 15, 2012

    ZZ,

    Are you still short?

    Thank you

    • ZigZag
      October 15, 2012

      Hi SB..Yes I am.

      • lajani1074
        October 15, 2012

        Good evening mister zz. z i can’t day trade anymore. new job on days now. I never swing traded before. I need a little help with it. when do you think we will be in for a long ride be it long or short. i’m lost and don’t know what to do.

        • platypusfoot
          October 15, 2012

          Hi lajani, Anthony posted above:

          “Im seeing a fairly decent rally into the end of Tuesday. With Monday being a strong up day. Ive just gone long at 1427, stop 6 pts. i think Tuesday/Wednesday could be our turning point around the 1452. So the trade is risk 6 pts potential gain 25pts 4:1.
          That high would then lead us into a 22-23 October low somewhere around the 1406-1410 mark again holding onto the critical 1400 level. Should the fall be more dramatic i think were looking at the 1350′s”

          • lajani1074
            October 15, 2012

            Thank you so much…. platy

        • ZigZag
          October 15, 2012

          Hi lajani1074..

          We’re in a nowhere zone right now, so I’d just sit tight and wait and see what we do around election time before doing anything.

          Use wide stops so you give yourself time for things to work. I started shorting on Oct 5th and my stop is above the Sept 14th peak. I like to trade in batches and have been adding to my shorts on up days.

          • lajani1074
            October 16, 2012

            Thank you z…. much respect to you all. so i should just wait till election time? that would be best (small acc)

            • ZigZag
              October 16, 2012

              Anytime lajani1074 🙂

              I would wait and see what happens, but If you don’t want to wait until election time, then I would follow Anthony’s price targets. He’s the price king and I’m a time junkie 😉

  47. steventrees
    October 15, 2012

    Thanks ZZ, Anthony and Platy, very helpful~

  48. Peggy Mateer
    October 15, 2012

    prices for today:
    1443
    1438
    1436-1433
    1428-29
    1426
    1421
    1417
    1416.5
    1410.5
    1407

    Saturn prices for today are 1433 and 1438. Sun price 1434. Overnight price low 1416.5 (exact).

    • Peggy Mateer
      October 15, 2012

      correction 1443 is a typo – should be 1445

    • testy99
      October 15, 2012

      Tks…I understand that these are support and resistance levels but I have no idea what it means when you say Saturn is this level and Sun is that level. To me it’s still just resistance levels unless Saturn and Sun know something that i don’t. 🙂

      • Peggy Mateer
        October 15, 2012

        Planetary prices are just another way of finding s/r for the day. They work for me.

    • Peggy Mateer
      October 15, 2012

      am high at 1430 – no planetary price
      am low 1421 = jupiter
      pm high 1433 = saturn 120 ceres
      pm high 1434 = sun
      we’ve moved above these prices now – high for today 1435.75
      1435-1436 = ven 90 ceres
      1438 = saturn

      Sun and Saturn prices are price “magnets”. Ceres and Jupiter as well.

      • Anthony
        October 15, 2012

        Peggy these are great. In future would you mind posting these price magnets for the sun in particular.

        Many thanks
        Anthony

        • Peggy Mateer
          October 16, 2012

          sure. glad you like them. 🙂

  49. steventrees
    October 15, 2012

    ZZ: Do you believe we will hit new high in 2013? Many thanks~

    • ZigZag
      October 15, 2012

      Hi Steven..

      It depends on what happens around the election. My thinking is if we see the market dropping until the election then there’s a good chance we see new highs sometime in mid 2013. If we see new highs by the election then that means the correlation has run it’s course and we’re following my next correlation which suggests a top this year.

      • Anonymous
        October 15, 2012

        Thanks ZZ, if we are on the first situation,I think this market won’t occur a big crash until mid 2013, only make some healthy correction, so it can make a new high in 2013

      • apanalis
        October 15, 2012

        The Road map, do not say that, I translate it to a big drop around or below 12.000 the Industrials

  50. Anthony
    October 15, 2012

    Hi Karen

    Thanks for your input.

    Im seeing a fairly decent rally into the end of Tuesday. With Monday being a strong up day. Ive just gone long at 1427, stop 6 pts. i think Tuesday/Wednesday could be our turning point around the 1452. So the trade is risk 6 pts potential gain 25pts 4:1.
    That high would then lead us into a 22-23 October low somewhere around the 1406-1410 mark again holding onto the critical 1400 level. Should the fall be more dramatic i think were looking at the 1350’s

    Thanks
    Anthony

    • Karen
      October 15, 2012

      Thanks Anthony, these charts are not always correct….they tend to be off in bullish environments so we will see how they play out…

    • Karen
      October 15, 2012

      Looking at today’s price action, I think it’s very possible we trade sideways to up into the 22/23rd….

    • testy99
      October 15, 2012

      Tks Anthony…great call yet again.
      For future consideration….this piece of useful info. would have been helpful at the top of the ‘Complex Topping Pattern section’ (easier to find/notice) since I only just saw it about 1:20pm ET within this thread. Tks Anthony.

    • apanalis
      October 15, 2012

      At least jun12 levels

    • lajani1074
      October 16, 2012

      thank you anthony… i don’t see this thank again

  51. Karen
    October 15, 2012

    The chart that I have shows a higher open on Monday…then down into Tuesday. Then there is a bounce on Tuesday into Wednesday, but then Wednesday turns down into Thursday with what looks like a lower low (Now, whether it actually turns into a lower low is unknown), then Thursday looks like a strong up day, that is as far as my chart goes for now.

    This also goes well with my turn dates Monday, Wednesday, and Thursday….Monday turns down, then bounces, Wednesday turns down, then Thursday turns up…

    In terms of turn date data, I was thinking we would have a trend from the 15th to the 22nd…due to some charts and data…so far it looks as if we could be down from the 15th into the 18th…the question is do we bounce and then head down again into the 22nd?? If you look at spiraldates.com, my chart follows his graph from the 15th into the 18th, then there is a bounce, then his graph shows lower into the 22/23rd…whether we follow that path I don’t know.

    If by chance we do see a low around the 22nd/23rd…and it is in the 12,900-13,000 area on the Dow, it is quite possible that if we see a rally after the 22/23rd, then we could see another test of that low around Oct 31/Nov 1 (+/- 3 days) (Merriman’s critical reversal date), there is a chance that low could end up being a higher low…sometimes Merriman’s dates are not the extreme price…take for instance the Oct 5-8th critical reversal date, It was a lower high on SPX and a higher high on Dow…

    Anthony, how does this look with your turn dates?

  52. gannman
    October 14, 2012

    no sign will be given but the sign of jonah, three days and three nights in the whales belly. Solomons Seal If you can get the star formations on the 2nd day of March, 5 BC the day that the seed of David was born in Bethlehem you will find the star of David was formed by the planets known to us today{ they knew them then} the entire celestial display lasted 10 days with the star of David appearing for 3 days {how about that} The complete display contained the s.o.s. a Grand Sextile a Grand cross and two pointed star configurations. All the stars, the entire solar system, displayed his birth. Its never been seen before ,will never be seen again.

    • mjmateer
      October 14, 2012

      thank you Gannman. I never knew that. Reading the link posted here last week re the star of Bethlehem, the day of Christ’s crucifixtion is April 3, 33 BC. What software are you using for a chart of 3/2 5 BC? tia.

      • lajani1074
        October 14, 2012

        Hello all hope everyone enjoyed there weekend. I need a little help from anthony & zz & platy. I started a new job and i’m on days.. And can’t trade during the day anymore. I was wondering if you could tell me when to enter a position long or short … When you think it will run for some time. I have to learn to be a swing trader now…Any help will do i do’t expect you to tell me when enter just some guidance. I know the trade is my decision ultimately. THANKS AGAIN!!!!

  53. gannman
    October 14, 2012

    “Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is but a repetition of the past, as the Bible plainly states…”

  54. gannman
    October 14, 2012

    “Be ye transformed by the renewing of your mind”. Rom 12:2

  55. gannman
    October 14, 2012

    “Jesus said to them, “I am the bread of life; he who comes to Me
    shall not hunger, and he who believes in Me shall never thirst.
    For I have come down from heaven,
    For this is the will of My Father, that everyone who beholds
    the Son and believes in Him, may have eternal life;
    and I Myself will raise him up on the last day.”
    John 6: 35, 38, 40

    • Karen
      October 15, 2012

      Gannman….I am a spiritual person and believe in the beauty of the human spirit. But I am also an athiest, which is not uncommon these days, especially in major metropolitan areas…

      I mean no disrespect to you because I love to hear what you have to offer and you seem to be a very positive person, and I appreciate that, but I am a little uncomfortable with excerpts from scripture. I am shy about saying anything because I don’t want you to feel I am in any way against religion or what you have to say, because I believe in religious freedom and the rights of everyone to believe in what they want. I just wanted to let you know how I feel about it….again, no disrespect…

      • Michael
        October 15, 2012

        Very well said Karen. I respect you for this

  56. platypusfoot
    October 12, 2012

    Also equities futures are all currently just shy of 38.2% retracement from the June low.

  57. platypusfoot
    October 12, 2012

    Update on silver:
    9/29 turn date has held beautifully. We are now just barely shy of 38.2% retracement from the August dip. I think it will next form a right should of a head & shoulders, and then dip into the end of the month (10/28 major turn date).

  58. mjmateer
    October 12, 2012

    it’s interesting to note that each of the important cits this month have been connected with a saturn planetary price. 1420 is the low today = 90 Saturn.

  59. rotrot
    October 12, 2012

    trend trade system charts are clearly in a bearish mode…the following is nothing more than a hunch…the market finds a short term bottom on or about Monday, October 22, 2012 (FOMC Meeting October 23 & 24, 2012)…the current downturn bottoms on or about Tuesday, November 6, 2012 (election day in the US)…good luck with your trading…

    rotrot
    October 1, 2012

    Who can truly master the daily squiggles and wiggles? Identify the prevailing trend and go with it…the trend is your friend!

    “It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! …Men who can both be right and sit tight are uncommon.”

    from the novel ‘Reminiscences of a Stock Operator’ – “…biography of Jesse Lauriston Livermore”

    rotrot
    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…

    rotrot
    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…

  60. ZigZag
    October 12, 2012

    Hi Pindar,

    Usually I get out all at once and I’m watching Nov 2nd as a possible date. Don’t want to stay in much longer than that. A close above Sept 14th would have me cover, but I really doubt that will happen.

    • curiousmind
      October 12, 2012

      ZZ, so you have NOV 2 as a low before a rebound, do you also see a double bottom on Dec 21?

      • ZigZag
        October 13, 2012

        Hi curiousmind,

        It should be somewhere close to Nov 2nd. I don’t see anything that shows a double bottom on Dec 21st, doesn’t mean it can’t happen.

    • lajani1074
      October 13, 2012

      hey z how are you. when you say a close above sept 14th what are you taking about esz2/spy

      • ZigZag
        October 13, 2012

        Hi lajani1074,

        I’m talking about SPX and INDU.

        • lajani1074
          October 13, 2012

          thanks z

        • Anonymous
          October 14, 2012

          Hi ZZ, great calls on the market turn dates. Do you see a bounce on Monday in line with your road map followed by a resumption of sell off into early November. If there is a bounce what would be your target area 1435 or so on the S&P cash market.

          Thanks again to yourself Anthony & Platy for your great work.

        • myuniversalworld
          October 14, 2012

          Sorry guys I forgot to sign in to wordpress for message below
          Hi ZZ, great calls on the market turn dates. Do you see a bounce on Monday in line with your road map followed by a resumption of sell off into early November. If there is a bounce what would be your target area 1435 or so on the S&P cash market.

          Thanks again to yourself Anthony & Platy for your great work.

          • ZigZag
            October 14, 2012

            Thanks myuniversalworld 🙂

            I’m a time junkie and I’m never sure on price targets, and it’s likely we could see a bounce Monday. I plan on adding another batch short this week.

            • myuniversalworld
              October 15, 2012

              Thanks ZZ

  61. gannman
    October 12, 2012

    Anthony ……please check your mailbox……Thanks

  62. Taiz
    October 12, 2012

    Hello ZZ,

    Are we still expecting today to be a low

    • ZigZag
      October 12, 2012

      Hi Taiz,

      Most likely just a dead cat bounce for today. Cycle peak already hit and I will be adding another batch short today and Monday, if we’re up.

      • Taiz
        October 12, 2012

        Thanks for the prompt reply ZZ.

        • Klaas
          October 12, 2012

          There is the 21.82 UUP . Time to go short the markets and long UUP

  63. ratandrea
    October 12, 2012

    Guelph1 pardon me answering for Peggy, but I think those may be support and resistance prices for today. She provides planetary prices every day which is really nice.

    • guelph1
      October 12, 2012

      thanks Ratandrea

    • Peggy Mateer
      October 12, 2012

      thanks Ratandrea. yes, they are for the spx/esz2 and work for either contract. sometimes it seems as it favors one rather than the other which is no help to trading so I concentrate on just watching the one I’m trading – in this case the esz2. The recent high of 1466 on 10/5 at 11 am was exactly on the planetary price for Sat 0 Merc 120 Ceres. This was clearly a cit. The downtrend began and bottomed on 10/10 at 6:30 pm at 1421.25 – this was the Jupiter planetary price for that time. Jupiter, Saturn, Pluto and Sun prices (among others and plus important transits) are all good for significant trend changes. The high on 10/11 at 1439.25 has me baffled – I can’t find a planetary price that fits. I could be wrong, but I think we are still in an uptrend. 1421 would need to hold.

      • Peggy Mateer
        October 12, 2012

        so annoyed! I went back and looked again and 1439 = 90 Saturn. I do include 90 Sun in my list – looks like now I have to add 90 Saturn. Clearly that was the turn. Downside prices for today (should 1421 not hold):
        1421
        1420
        1416.5
        1414
        1410.5
        1407

        For any of these prices to work, they can not be overshot (even by .25)

        • Peggy Mateer
          October 12, 2012

          correction: prices 1416.5 and 1410.5 could hold if not overshot past 1416 or 1410.

      • gannman
        October 12, 2012

        10/11 high …moon entered leo and the s.node was the star lord….

  64. Peggy Mateer
    October 12, 2012

    planetary prices for today:

    moon 0 Ven 1456.5
    1448
    1445
    1433-1435.5
    1428
    1424-45
    1421

    • guelph1
      October 12, 2012

      hi Peggy
      sorry for the dumb question but what do these #’s mean? Are they S&P futures? Do you expect the index to hit all of these targets both up & down? Do you expext to begin high & end low or do you pick the # you think is most likely?

  65. beetlejuice
    October 12, 2012

    Thanks Gannman, any idea what the most reading reading ever has been because this appears pretty extreme?

  66. gannman
    October 12, 2012

    Consider an index of insider behavior calculated by the Vickers Weekly Insider Report, published by Argus Research, which is based on the ratio of shares sold by insiders to shares bought. Last week, according to the latest issue of the Vickers service, this ratio for NYSE-listed issues stood at 5.13-to-1. o put these numbers into perspective, bear in mind that the sell-to-buy ratio’s long-term average is between 2-to-1 and 2.5-to-1. Vickers consider any ratio below this average to be bullish, and any number above it — like the current level — to be bearish.

  67. gannman
    October 12, 2012

    lol …right on must me the darn tequila shot i had prior to dinner……..La Bamba…

  68. gannman
    October 12, 2012

    darn it ….yes sir ….10/26/2012…..oops ..sorry …

    • Anthony
      October 12, 2012

      Your confusing that date with 26 November which is the dance finals :p

  69. gannman
    October 12, 2012

    mars trine uranus and new moon 10\15\2012 but the very next day venus squares jupiter………so we could move sideways in a tight range but as we move forward in time all positive aspects disappear…….we head in to a storm of negative aspects …i will be watching the GDP number on the 11/26/2012 closely………….

    • Anthony
      October 12, 2012

      Thanks Gman you mean 26/Oct/2012 😉

  70. beetlejuice
    October 12, 2012

    Need to be very careful here IMO. NDX has been leading the way on this move and let’s not forget the signal from the trannies late last month.
    The NDX is just a hare’s breath away from breaking the October 11 trend line and if it does all hell will break lose.

  71. Anthony
    October 12, 2012

    Im currently in CASH. I believe the market could be about to throw a curve ball to the upside into a high on 15/16 October. I also believe that we will stay below the 05 October high. Im will not be buying the bounce.

    • curiousmind
      October 12, 2012

      Anthony, so now you think low is in, or Friday, versus low on Monday, now you are saying high on Mon or Tuesday…I am a little confused..

      • Anthony
        October 12, 2012

        “I believe the market could be about to throw a curve ball to the upside into a high on 15/16 October.”

        That would mean the low is in. For now.

    • tfinavia
      October 12, 2012

      This is good news, and I think this has a potential to last a little longer! Options expiry next week, buy the bounce Anthony! Next week is great!

      • Anthony
        October 12, 2012

        thx tfi but ill sit this one out 🙂

        • centsabletrader
          October 15, 2012

          Thought you were sitting this one out. Long at 1427 looks like you almost got stopped out. Thanks for the heads up. I just hedged my short positions for a possible 2 day trade on what I saw u post. My hedge will show nice profits if we go sideways. You are pretty accurate. Thanks for your work and sharing it.

  72. gannman
    October 11, 2012

    just my 2 cents …from 2000….oct has the following imp cit..10/18/2000..10/10/2002
    10/11/2007..10/10/2008……10/4/2011….today is 10/11/2012..if we break 142.95-142.00 fasten your seat belts ………….

  73. Karen
    October 11, 2012

    Unless the trend from the 15-22nd is a downtrend rather than uptrend…

    • Anthony
      October 12, 2012

      Hi Karen

      Its certainly looking choppy isnt it.

      i think there is definitely the potential for a move up here before we head down again, if this is the case then we should be looking at 15/16 October for a high.

      So at this point im in CASH.

      Thanks for all your contributions Karen.

    • curiousmind
      October 12, 2012

      Karen, I believe from your earlier post you did say that bounce on Friday (12th) to Monday (15th), then down to 21-22, you see I try to write down several of you guys turn dates, like Anthony, ZZ, Platy,GM and you. If you all agree on the date, then chances are high that it will be correct 🙂

  74. Karen
    October 11, 2012

    Without considering turn dates, etc…I am seeing us sitting at support/resistance levels here….a fall through would send us on a new downtrend in my opinion….and technically that doesn’t seem plausible unless we have a market crash, but that does not look likely…

    Anthony, my charts have shown they are not 100% reliable, so the up on Monday and then selloff, could indicate we are up on Monday then pullback rather than opening flat and selloff…so I am considering that we could see a bottom today or tomorrow morning…your thoughts?

    • tfinavia
      October 12, 2012

      Sure looks like it with 50 dma touch and rebound today. If a bounce happens to be, you’re also targeting for 16th as high and then roll over again? Next week is options expiry week. Thanks!

      • Karen
        October 12, 2012

        There could be a trend from the next two turn dates Oct 15/16 to Oct 22/23rd, it could go either way…. Will have more info over the weekend…

  75. SS76
    October 11, 2012

    Anthony, kudos on this call. I went short at 1442. Would be great to see a resumption down to 1406 on Friday/Monday……some great contributors on this blog, and so positive. We all get it wrong sometimes, and you guys are man enough to admit that which I respect.

    Thanks for keeping this free so far for us little guys just trying to make a buck for our kids…

  76. Tim
    October 11, 2012

    Be mindful that today’s outside reversal bar should be noted with caution. Going to be interesting how they close this market today as well as tomorrow.

    • ZigZag
      October 11, 2012

      A close above Sept 14th would give me second thoughts.

  77. Peggy Mateer
    October 11, 2012

    Low came in at 1421 (Jupiter)

    Resistance: 1435.5
    1445
    1448-1449

  78. Klaas
    October 11, 2012

    Wolfwave target NQ = 2760 ( now 2740 )

  79. Taiz
    October 11, 2012

    Great call Anthony!!!! Thanks to you I am short at 1441.5

  80. Stockboom
    October 11, 2012

    ZZ, Anthony,

    Are you planning to add short here at 1442 or will wait for 1450.

    Thank you

    • ZigZag
      October 11, 2012

      Hi SB,

      I just now added another batch and will keep adding on any up day through Monday.

      • Stockboom
        October 11, 2012

        Thank you ZZ, much appreciated!

  81. ratandrea
    October 11, 2012

    Good call, Pindar.

  82. Michael
    October 11, 2012

    Hi Zigzag,

    Question for you please. Is your main chart the correlation chart that predicted the Sept 25 and Oct 9 turns ? I know you refer to other CIT dates, which one takes precedence and more accurate ?

    Many thanks

    Michael

    • ZigZag
      October 11, 2012

      Hi Michael,

      Yes, the correlation is the chart that predicted those dates. I use the correlation as a rough guide and rely on my more accurate cycles to find turns.

      When I find dates in my cycles that align with the correlation, it’s usually a good bet 🙂

      • Michael
        October 11, 2012

        Thank you ZZ 🙂

  83. myuniversalworld
    October 11, 2012

    Hi ZZ, Anthony & Platy, do you think the CIT may come a day early and we get a bounce in today’s session the 11th and then sometime next week we roll over again?

    • Anthony
      October 11, 2012

      Hi

      potential bounce today, roll over starting end of day/tomorrow (Friday) into Monday low.

      • myuniversalworld
        October 11, 2012

        Thanks Anthony, after we hit the next low be it Monday or so are you looking at a test of old highs or a lower high 1450-1460 cash price?

        Thanks for the great work you guys do here.

        • Anthony
          October 11, 2012

          i think we are forming 5 waves down on the weekly cascading downwards into late November. As far as im concerned this decline has only just begun.

          • rotrot
            October 11, 2012

            interesting perspectives on the short and intermediate term…as for me, nothing has changed…the NDX monthly, weekly, and daily trends are down…my daily trading chart continues to reflect positive divergence…however, in a down trend that doesn’t mean much more than a need to work off the near term oversold conditions…good luck with your trading…

          • beetlejuice
            October 11, 2012

            Hi Anthony, agree that this decline has just begun. I know you don’t hold Eric Hadik in too high regard but he raised a very valid point recently RE October 37,62 and 87 seeing very large declines in the stock market. 25 years later we have some very ominous charts and negative divergences across the board.
            25 years or 5×5 would have rung very loudly with one Mr Gann also.

            Cheers buddy
            And I here in RE to power bills. I live in Sydney and mine has gone up 55% in three years. Every time we go to the supermarket prices on things are creeping up 5 or 10 cents. The whole CPI data is a scam

            • Anthony
              October 11, 2012

              Hi BeetleJ

              Im still thinking 2013 for a major high in May. 2013 is a panic year as per Ganns permanent chart. I think we sell off here, but we will see oil at $150 a barrel again in 2013 just my $0.02 which will cripple the global economies.

              Youre right about Hadik, i dont 🙂

  84. Peggy Mateer
    October 11, 2012

    1394-1396
    1401
    1407
    1416
    1421
    1425
    1426
    1428
    1433

  85. Peggy Mateer
    October 11, 2012

    I think Anthony might be right. I missed one planetary price. It’s Jupiter at 1421. Here’s the revised list:
    1425 did not hold.
    planetary prices for tomorrow (10/11):
    1394-1396
    1401
    1407
    1416
    1421
    1425
    142
    1428
    1433

  86. Anthony
    October 11, 2012

    Keep an eye out for this guy. Then short him.

    • platypusfoot
      October 12, 2012

      LOL

  87. curiousmind
    October 11, 2012

    bounce tomorrow or friday?

    • Anthony
      October 11, 2012

      My preference is today, but then you dont play these kind of bounces until the downside time and price targets are hit, so whether its today or tomorrow you wait for the bounce.

      Wave 4 up then wave 5 down into Monday low.

      • lajani1074
        October 11, 2012

        thank’s for all you guy’s do god each and everyone of you good night from ny. good luck to all

  88. Anthony
    October 11, 2012

    Expecting oversold bounce to 1440-1442 and then shorting it to 1406-1408.

    Thanks
    Anthony

  89. curiousmind
    October 11, 2012

    Sales from FED to BD’s
    October 10, 2012
    October 11, 2012
    Outright Treasury Coupon Sales
    04/15/2014 – 02/15/2015
    $7.00 – $8.00 billion

    Here is the next purchases going back into the system:
    October 11, 2012
    Outright TIPS Purchases
    01/15/2019 – 02/15/2042
    $0.75 – $1.25 billion

    October 12, 2012
    Outright Treasury Coupon Purchases
    02/15/2036 – 08/15/2042
    $1.75 – $2.25 billion

    October 15, 2012
    Outright Treasury Coupon Purchases
    10/31/2018 – 08/15/2020
    $4.25 – $5.25 billion

    October 16, 2012
    Outright Treasury Coupon Purchases
    11/15/2020 – 08/15/2022
    $4.50 – $5.50 billion

    Interesting how this info fits well with the CIT dates.

    So 6 B coming out of the market, so tomorrow should be weak. On 12, 2B going in, a bounce, more going in on Mon and Tuesday, so not sure if we will see big drop on Monday

  90. Tim
    October 11, 2012

    Going to be a very interesting day tomorrow especially in the Grain trade as the USDA reports are due out.

  91. Klaas
    October 11, 2012

    Here’s what the bulls see !! :
    Wave C’s are just like wave 3′s and thus the minor C of major [4]-P3-C3 drop from 1471 to 1431 to complete the major [4] flat looks like a nice impulse wave down. It’s possible to count minor C complete (see the 15-min chart for details) at today’s low of 1431, but there are a few lower targets are 1426, where minor C=A and at 1420 which is the 38% retrace of major [3]. The key 50-day SMA support also reside at 1426. Once major [4] is complete the SPX will head for end of the year targets at between 1500 and 1577 for major [5]-P3-C3 (see the 4-hr chart). Note that the primary count for major [4] remains valid above the major [1]-P3-C3 high of 1380.
    Support is at the 1422 high from April 2012. Note that a back-test of 1422 would also be a back-test of the large inverse and head and shoulder neckline with head at 1267 and target of 1577.

  92. Tim
    October 11, 2012

    Have 1415-1420 as support for a dead cat bounce. As mentioned previously have covered 1/2 the short position here. Look for early morning weakness then a reversal for a dead cat bounce.

  93. platypusfoot
    October 11, 2012

    For those interested, I have added S&P to the harmonic cycle watch list on the planetary CIT page. (Should have done that a long time ago!)

    Indexes have been updated to include November. Will add November for other instruments soon.

    • Anthony
      October 11, 2012

      Great work thanks Platy.

  94. curiousmind
    October 11, 2012

    Let me get this straight…ZZ is looking at a low, possibly Friday or Monday, Anthony is looking at a low on Monday targetting 1414-1416 or 1405-07, and Karen is thinking a low on Thursday, bounce on Friday, then big drop on Monday? Please correct me if I am wrong…

    • Anthony
      October 11, 2012

      Thank you for summarising curious, youve saved me some key taps.

  95. Anthony
    October 11, 2012

    From my perspective this is what i am seeing. A 50dma, a candle which will indicate support which fails and moves down into the previously posted targets of

    1414-1416
    1405-1407

    This will be made to look like a low and fail. So what do we do sell at todays close which will likely finish near its highs. Good luck and good trading.

    • Klaas
      October 11, 2012

      So when i understand you correct you think we go up from here 1420 and set a high into the close .
      Then down into the 12 th ?

      So 11 Okt is a up day ??

  96. Tim
    October 10, 2012

    Covered 1/2 of the short position here will re-load on the next dead cat bounce.

    • lajani1074
      October 10, 2012

      hi g-man nice chart d- top for sure

    • gannman
      October 11, 2012

      we are right now in the making of a M formation or a double top as the renko chart has shown if we violate 142.95-142.00 on the spy we r going down fast in to the next cit of 11/1/2012…..fasten your seat belts ……….rough road ahead

  97. Anthony
    October 10, 2012

    Today is J-Lo Thursday

    A day that looks like a bottom until support gives way and it collapses.

    Or M C Hammer day. Bootleg version.

    Suggestions for a name on a postcard please!

    • lajani1074
      October 10, 2012

      how about james down

      • Anthony
        October 11, 2012

        lol, nice lajani

    • ZigZag
      October 10, 2012

      Cee-Lo Red 😉

      • lajani1074
        October 10, 2012

        whats up z what r you thinking for tomorrow

        • ZigZag
          October 11, 2012

          Hi lajani1074,

          Tomorrow and Friday are the next cycle dates on the INDU chart. My best guess is they might bounce it soon before going lower.

          Correlation has the 12th +/- a day. http://tinyurl.com/8e5q9xn

          • Anthony
            October 11, 2012

            Bingo 🙂

            I have a low on 15th up into 17th, then roll over again.

            • ZigZag
              October 11, 2012

              Badda Bing- Badda Boom 🙂

          • lajani1074
            October 11, 2012

            love the chart

      • Anthony
        October 11, 2012

        Oh yes, thats very good 🙂

  98. Klaas
    October 10, 2012

    ITD #1 = Sep 5 L
    ITD #2 = Sep 21 H = MTD #5 ?
    ITD #3 = Sep 28 L (Full Moon)
    ITD #4 = Oct 5 H
    ITD #5 = Oct 10-11 L
    ITD #y = Oct 15-16 H (New Moon)
    ITD #z = Oct 22-24 L
    ITD #6 = Oct 26-29 H = MTD #5 ? (Full Moon)
    ITD #7 = Nov 7 L = MTD #6 ?

  99. Peggy Mateer
    October 10, 2012

    1425 did not hold.
    planetary prices for tomorrow (10/11):
    1394-1396
    1401
    1407
    1416
    1425
    1426
    1428
    1433

    • lajani1074
      October 10, 2012

      hi peggy matteer are those number for the esz2

      • Peggy Mateer
        October 11, 2012

        They should work for both spx and esz2. I follow the esz2 and it’s the most actively traded.

        • centsabletrader
          October 11, 2012

          There is a 5 Pt. spread between spx and esz12. 1425 did hold for spx. To get corralation with your numbers, should I shift all the numbers 5 Pts?

  100. lajani1074
    October 10, 2012

    hi zz. what do you think our next move from here.

  101. Tim
    October 10, 2012

    Timing coming in here on the 11th or 12th for something to happen, could be a dead cat bounce or an extension of high energy of more down side. The weekly trend has now turned down with plenty of room for more down side. This could get ugly folks.

  102. Tim
    October 10, 2012

    315 degrees from 11/25/11 low is 10/12/12

  103. testy99
    October 10, 2012

    Hi Gann,
    Did you get stopped out of your recent SPY calls and are you planning on reloading SPY calls for a pop or r u waiting to buy more puts after the pop….tks in advance.

    • gannman
      October 10, 2012

      stopped out of puts ….reloaded at last hour of close ……………dow down today plus 100….and the vix barely moved …………

      • gannman
        October 10, 2012

        sorry calls ……….whew

  104. SS76
    October 10, 2012

    Guys, the way VIX futures are acting, I would suggest we have a short term bottom here. I think the market rallies into the close near even or slightly higher, and tomorrow is a bullish day taking us to 1450 approx. Decline then Friday and Monday.

  105. Peggy Mateer
    October 10, 2012

    1425.25 low (esz2). I’d like to see esz2 above 1428 (at least – better if above 1433) before I think the downtrend is done.

  106. Klaas
    October 10, 2012

    Nice Wolfwave on NDX when above 2725 target 2745
    BUT !! …SHS target remains 2660

  107. Anthony
    October 10, 2012

    Still looking for lower into Friday/Monday which is next CIT window over weekend. Next stop 1414-1416. Lower stops lock in profits if oversold bounce eventuates.

    • Klaas
      October 10, 2012

      Now bounce and look at UUP ..when touching 21.82 i go short again SPX

      • Klaas
        October 11, 2012

        Waiting for 21.82 to go short ES

    • Karen
      October 10, 2012

      Updated chart for next week shows a big drop on the 15th….so now I can see Anthony’s low on the 15th…. 🙂

      • IHS
        October 11, 2012

        Hi! Have you got a chart showing that?

  108. Karen
    October 10, 2012

    Beetlejuice, I believe everyone here sees a 20% or more decline, the question is when does it start?? The chart I am looking at says if we see a low in the next few weeks and that low is “roughly” around 12,900-13,000 and it holds support, we head higher for another attempt at a higher high.

    Another attempt at a higher high would lead us up to a third push up on the SPX, which happened in the last two major corrections….2000 and 2008. This also correlates with ZZ’s projection for another rally into January. The chart I have shows a slightly higher high or double top (can’t tell). There is major resistance on the SPX around 1494, and the Dow could hit resistance around 13,800 or 14,000 if we get above the last high…which is where my chart is showing a high…

    I have a target for the Dow of 8,000 or 8,500 in 2014 so that’s more like 38-40%…we will see if this plays out…

    SPX 1431-2 looks like important support, also there was a Merriman critical reversal date of Oct 5-8..this reversal date can cause a pullback in the following days after the turn, which can be 2.5% up to 4% pullback…so far we have about 2.5% at 1431….4% would take us to 1411.

    My intra-week chart showed a bounce today intra-day, so now it is definitely suspect…

  109. guelph1
    October 10, 2012

    hi,
    are you saying today is a CIT low, and than up into Oct 16?

  110. apanalis
    October 10, 2012

    Not the only, target for the Industrials for 2013> 9.000+-, 0,618 from march09 to 2012.

    I´ve comment this some days ago.

  111. Klaas
    October 10, 2012

    Here bottom fibo and marketProfile
    Now look for a up move (hopefully) for a right shoulder

  112. beetlejuice
    October 10, 2012

    Am I the only one that thinks this market could see a 20% or more decline?

    Look at this pattern on the long term DOW chart. If we break that lower trend line from the october 11 low there’s gonna be fireworks?

    http://stockcharts.com/h-sc/ui?s=$INDU&p=W&b=5&g=0&id=p87460814292

    • centsabletrader
      October 10, 2012

      I see more than that, but its all about timing and that is why I surf this site. I am not an EW expert, lost too much trading it forward. EW always looks best as you look back and say OH that’s what that wave was. Anyway, I see an A wave starting Apr. 2, 2012. Most EW charts I see count as a wave 5 what I count as wave 2 on the down. June 4 is end of 5 waves down. this past move is a long B wave up (as Prechter says “the B wave is a fake out”) This leaves the next wave a C wave. When the B wave goes near or higher than the begining of the A wave the C wave minimum is 2.62 times the A wave. Min target 10,050 DJI. Next target would be 3.62 times the A wave. I am sure all the EW experts are laughing.
      Again I have seen too many “experts” count waves in a way I would never do. Then when Mr. Market does something different, they just change their past wave count.
      I would never take a position using these numbers, so they don’t mean much too me.
      The other problem with my wave count is that after this long C wave we go up to where?
      OK. 20% down. Unless this happens in one day (1987?) just keep your skis pointed down hill.
      You’re not alone.

  113. Peggy Mateer
    October 10, 2012

    next planetary price support is 1416

  114. ZigZag
    October 10, 2012

    Pindar, not yet, I’ll add more on a bounce. I was going to add more this morning, but I had to drop my stupid car off for repairs and forgot my iPhone.

    I think we touch this dotted line at some point. http://tinyurl.com/8pcc8yj

    • Anonymous
      October 10, 2012

      ZZ, do you still see Nov. 8 as the low before a meaningful bounce?

      • ZigZag
        October 10, 2012

        Yes, and I’m not sure if that will be the ultimate low, but somewhere close to there is likely to be the best opportunity.

        • kygold61
          October 10, 2012

          Thanks ZZ – Sorry about the Anonymous post – forgot to log in to WordPress.

    • testy99
      October 10, 2012

      i’ve heard quite a few stories in the past how day to day life has gotten in the way of trades. 🙂 In some cases, maybe it was a good thing.

      • ZigZag
        October 10, 2012

        I think I need to trade in my stupid car for a smart one 🙂

        • kygold61
          October 10, 2012

          Here is a link for your smart car. http://autos.yahoo.com/smart/
          lol

          • ZigZag
            October 10, 2012

            LOL! Looks roomy 🙂

        • Tim
          October 10, 2012

          Great Call ZigZag, I missed yeserday’s short in Nov Beans due to taking care of an important matter.

          • ZigZag
            October 10, 2012

            Thanks Tim 🙂

            • Tim
              October 11, 2012

              Hi Zig Zag,

              We may have missed yesterday’s short in the Beans but we sure did not miss this trade from the long side the market is changing trend back to the upside after a 30 day reaction. 1518 in Nov Beans (today’s low) is the 50% level between 1245 6/4/12 low and 1789 9/4/12 top.

  115. Peggy Mateer
    October 10, 2012

    reposting today’s planetary aspect prices:
    10/10 jup 144 mer = 1425
    sun 120 jup = 1428
    sat 120 ceres = 1433

    • platypusfoot
      October 10, 2012

      Thanks for these Peggy. Does this mean you expect all 3 values to be hit today?

      • Peggy Mateer
        October 10, 2012

        no, if I had to rank them they’d be sat 0 ceres 1433, sun 120 jup 1428 and then jup 144 mer 1425. Maybe I should be looking for lower support too…

        • platypusfoot
          October 10, 2012

          I see. Thank you!

    • Stockboom
      October 10, 2012

      Peggy, or anyone

      Can you please explain your numbers, I am not smart to figure out what you trying to project here…

      Thank you

      • Peggy Mateer
        October 10, 2012

        these are planetary prices created at the moment of an important transit.

  116. Klaas
    October 10, 2012

    Today bottom Es 1328 (SPX 1333) after that abc up
    ES one more low today ..NDX higher low

    idea ?

    • Klaas
      October 10, 2012

      1428 and 1433 pffff

    • centsabletrader
      October 10, 2012

      ES 1428? (SPX 1433)?

      • centsabletrader
        October 10, 2012

        Delayed up date. No intention to highlight typo errors.

  117. gannman
    October 10, 2012

    karen …ditto …final top around 15/16……………..selling should be done for now ….no wonder those 17,000 vix 15 puts came in the last 10 minutes yesterday @.25…just my 2 cents but it wont go up straight will go up/down in steps to the 15/16…use stops

    • tfinavia
      October 10, 2012

      I have a hard time grasping that 17k puts would trump astro in which 141 SPY was coming by Friday/Monday.

  118. Karen
    October 10, 2012

    So far I can see through to the 15th on my charts, and it says we are up…how much up I don’t know, we probably get an abc up.

    It shows we are down big over the weekend, then recover on the open of the 15th, but the high on the 15th is lower than the 12th, so I don’t know if that will be what really happens, just want to let everyone know…

    • centsabletrader
      October 10, 2012

      I looked at spiraldates.com and saw a major up Oct 10. Some call these inversions, I see them sometimes as paddling up stream sometimes inversions. If you are paddling up stream in white water, for you in the boat, it is a major up stream climb, if you are on shore looking at the fiercly paddling boater, they are not moving at all. So, a strong cycle up in a stronger larger cycle down may look like a flat day. Just the way I look at things sometimes.
      Thanks to you and Pal for the turn on to spiraldates.com

  119. SS76
    October 10, 2012

    I think we are getting a bottoming candle on the DAX, if that happens, then the markets are going back up.

  120. Anthony
    October 10, 2012

    Thanks Bettlejuice

    Made back what i had lost this morning, been a long day though no volatility. Like you said i think that may be about to change currently short, reduced position wider stop.

    Targets are

    1432-1434
    1414-1416
    1405-1407

    Low Friday/Monday

    • Anonymous
      October 10, 2012

      Hey, weren’t you targetting 1450 first? ES already hit 1431 overnight…

    • SS76
      October 10, 2012

      Hi Anthony. You said we’d bounce to 1451. Why didn’t you have confidence in that?

  121. beetlejuice
    October 10, 2012

    Jim Cramer just going on about there being no logic to the sell-off. So hold on to your hats ladies and gentlemen. Mr Cramer has just sounded the death knell on the stock market!

  122. Rezito
    October 10, 2012

    I also wanted to make a comment for a couple of traders here that are looking into options.

    I’ve been trading options for a good 5 years now. At the end of the day if you can read the market correctly why not trade options. You risk less money for bigger reward, and also loss. I use stops based on a % loss that I can handle. Remember rule number 1 is to not lose money. You can always get back in the market. Don’t EVER feel like you’re going to “miss out” on a move because there is always an opportunity ahead of you. Have an idea how much you want to make from each trade. You can get greedy very fast with options because they move fast. Losing potential gains is much better than losing money. I’m generally targeting a 30-50% net gain.

    If you keep your discipline you’ll get there. Start with a demo account. Once you’ve done that for about 3 months start with 1 contract trades, once you’re good at it increase the trade size. Using the demo account is one thing, using your own money is another. I use about 10-20% of my short term trading account on options. Everyone will develope their own rules but have SOME rules for options. I’m not saying you will never lose money with options but if there was one thing that I learned that was worth all the hours and learnings I put into it it was options. Don’t risk your money until you know all the ins and outs. The biggest thing is if you’re losing money trading stocks then you’re not ready for options yet.

    • Anonymous
      October 10, 2012

      That is some fantastic advice, and I thank you for it.

      • SS76
        October 10, 2012

        Big thank you from me.

  123. ZigZag
    October 10, 2012

    A side by side comparison of the correlation and the SPX….Spooky, right? 🙂

    http://tinyurl.com/8cjunwp

    • ZigZag
      October 10, 2012

      Oh man, I wish 🙂

    • Peggy Mateer
      October 10, 2012

      amazing!

    • Rezito
      October 10, 2012

      Who said you can’t time the market? 🙂
      Thank you to everybody for the posts. I’m often at work and can’t usually make a comment here.

      There was a break down of a bear flag on the 15 QQQ chart today at around $68.34. I’m looking for a quick breach of $68 tomorrow and bounce back. SPY $143.50-144.00.

  124. ZigZag
    October 10, 2012

    Thanks Pindar, will do 🙂

  125. testy99
    October 10, 2012

    From what i can gather, Anthony/Gann/Platy/Zig expect a bounce of some sort over the next day or 2 before resuming the downtrend. Any levels associated with the next move. ie. SPX cash bounce to 1451-1455 over next 1-2 days, then down to 1400 by end of October? Tks in advance.

    • Anthony
      October 10, 2012

      Hi Testy

      We could go
      1432-1434
      1414-1416
      1405-1407

  126. Anthony
    October 10, 2012

    Bought at 1440.19. Im buying the bounce i wouldnt recommend this for all.

    • Anthony
      October 10, 2012

      Stopped out. Poor trade.

      • testy99
        October 10, 2012

        at least you were smart enough to have a stop to fight another day…

        • Anthony
          October 10, 2012

          Right on 🙂

  127. apanalis
    October 10, 2012

    No, this:

  128. apanalis
    October 10, 2012

    And Depeche Mode:

  129. apanalis
    October 9, 2012

    This song of Peter Gabriel for all of you:

  130. apanalis
    October 9, 2012

    Ok, ZZ, i bet we saw the top, but never know, your road map is clear!

  131. Klaas
    October 9, 2012

    Very bad day today .Sold my short ES but bought a long NQ and the loss of this bad trade is bigger then the profit on the long ES.
    It was a very stupid trade i know 😦
    Now i must find a good place to buy this sucker back.
    I think i see here a good support for the ndx / nq but i was wrong in the first place so …can anyone tell me …take the loss or hold on .

    ps I see ES going to 1430 and the bounch

    • Anthony
      October 10, 2012

      Very sorry to hear that Klaas.

      • Klaas
        October 10, 2012

        Its no problem Anthony …Had a few good weeks so there comes a time when you have a bad one 🙂
        Better find a way to look positive the next days

  132. rotrot
    October 9, 2012
  133. gannman
    October 9, 2012

    is there real fear in the market …?…..17,000 oct 15puts on the vix bought last 10 minutes of trading …which tells me traders are fearful of a snap back rally ……if there is any …..

  134. apanalis
    October 9, 2012

    Sorry, ZZ, my poor english don¨t undertstand you about 9´s flasingg

    • ZigZag
      October 9, 2012

      Hi apanalis,

      That’s just me joking about my Oct 9th cycle signal and all things related to the number 9. My movies and songs all had the number 9 in them 🙂

  135. apanalis
    October 9, 2012

    Movie, what a movie, 1971, Steven Spielberg, the 1st:

  136. apanalis
    October 9, 2012

    platy, please, can you replay me above. Thanks.

  137. ZigZag
    October 9, 2012

    Two of my favorite movies. 😉

    http://tinyurl.com/cu4fbj

    http://tinyurl.com/9afvs8g

    • lajani1074
      October 9, 2012

      hey z what love the videos lol……. ok mr. 009 what is our next move….

      • ZigZag
        October 9, 2012

        lol, thanks.

        I believe we need to add to our shorts on the next bounce. For now, it’s wait and see what they do when we hit this next cycle Thursday and Friday.

        CMI warns after hours and CAT still looks ugly.

        • Anthony
          October 10, 2012

          Great work ZZ 🙂

          • ZigZag
            October 10, 2012

            Thanks buddy 🙂

    • platypusfoot
      October 9, 2012

      LOL you trying to tell us something ZZ?

    • lajani1074
      October 9, 2012

      sorry zz forgot to say good job right on t. still lol about the vid’s

      • ZigZag
        October 9, 2012

        Thanks lajani1074 🙂

  138. SS76
    October 9, 2012

    So Anthony…..close is 1441 SPX Cash approx…..still long? I bought HVI (inverse VIX ETF) here thinking we have another high to cash in on before the next great short!

    • Anonymous
      October 9, 2012

      Hi SS76

      am long at 1444. My previous long got stopped out. We should be down into Monday so expect a bounce here then reversal. Bounce to at least 1450, then 1455. Could see an intraday reversal and a down day so be nimble take profits moving stops up.

      • SS76
        October 10, 2012

        Thanks anon, bounce would be great.

  139. Peggy Mateer
    October 9, 2012

    to expand on planetary prices – following is a look at first 2 weeks of October – prices are specific to that day:

    10/5 mer 0 sat 120 ceres = 1467 bingo!
    10/10 jup 144 mer = 1425
    sun 120 jup = 1428
    sat 120 ceres = 1433
    10/13 sat 120 ceres = 1433
    moon 0 ven 120 plu = 1465
    10/15 ven 90 jup = 1435-36, 1450
    sat 120 ceres = 1433

    other important s/r 1407, 1426, 1445, 1464

  140. curiousmind
    October 9, 2012

    I should really stick to my belief with more guts, I have been watching Oct 9 since last week. But chicken out this morning when I saw someone mentioned up in the morning, so I bailed out of my shorts way too early, left 2K on the table. Well, I am not blaming anyone but myself. But hey, there is always lost profit anyway, no one can make all the money in the world. I am just glad that I got to bank some coins. Thanks everyone for your help.

  141. Tim
    October 9, 2012

    Very weak market at the moment, so far cannot get back up to mount a challenge of the 1444 low. They may take this lower into the close.

  142. apanalis
    October 9, 2012

    platy, do you consider jupiter-ceres soport in NDX 30 ago12, ok, I know.

    It has been broken, but it has to be in closures?

    You know my scenario and if you see the Road Map of Zig Zag and the pentagon for 2 nov12, I estimate it must be broken.

    The up cycle from march09 is over 3 years is the maximum, the roof is very long from 2000. 11-12 years from the 1st top is the 3rd.

    For me would be a big suprise a bullish market until 2013.

    Thanks

    • platypusfoot
      October 9, 2012

      Right, it’s do or die time for Nasdaq as far as I’m concerned. It can test and even break the Jupiter-Ceres low briefly as it has done today but it should rebound and head up to new highs if my thinking is correct.

      • Peggy Mateer
        October 9, 2012

        Platy, we ran into 2 big synodic cycles at the end of September – I believe they are more powerful than Jup 0 Ceres.

        • platypusfoot
          October 9, 2012

          Thanks, please elaborate Peggy.

          • Peggy Mateer
            October 9, 2012

            They are from Brad Cowan’s Market Science books – synodic cycles using several planets. I think it’s better to refer people to his work – complex for sure but well worth the effort. I’m willing to update them as they come up.

            • platypusfoot
              October 9, 2012

              Ok thanks Peggy, but can you tell me at least what the aspect was that was more important than Jupiter-Ceres?

              • Peggy Mateer
                October 9, 2012

                As we know, there are many important cycles that weave together to create the markets waves. BC is a genius imho in that he has been able to decipher the interlocking relationships between these cycles and their relative importance to one another. Little by little I feel I’m understanding the “ranking” of them and why one would cause a bigger turn than another. These recent synodic cycle hits have been in the market a long time and it’s especially strong when they appear together. You and I have mentioned various transits on this site which are important (Mars 0 Jup, Ceres conjunctions, etc.) but these are transits and not synodic cycles. I hope this helps.

                • platypusfoot
                  October 10, 2012

                  Thanks Peggy 🙂

      • apanalis
        October 9, 2012

        I don´t know about planetary conjuntions, is somenting new for me, since i knew your page in feb12+-, since then i was observing Jupiter-mars, mars, Uranus, Sat-Uranus, all your comentaries and this one i don´t completly understand, about Jupiter-Ceres, is a very small, insignificant support, is in line with the top of the cycle Jupiter Mars.

        You wrote sometimes that you don´t know when is a top or a bottom.

        Why are you so sure, next year markets, us markets will see more highs?

        We have very important dates: 2nnd nov12, next 15 dic12, in line with mayas dates, not only mayas, many cultures, after in may13, terrible, an the last in ago13.

        • platypusfoot
          October 9, 2012

          I don’t know for sure but there are so many piece of the puzzle that are all fitting together to tell a story so you have to look at all the pieces. My outlook is hanging by a thread right now so I could be proven wrong very soon.

  143. gannman
    October 9, 2012

    I am really sorry …i dont follow the es ….its not what i think …i can never beat the market ..i dont think anyone can …i really dont worry if its a bull market or a bear market …i just want to be on the right side of the market ….. always use stops …it will preserve your capital if you are wrong ………………10 years ago a buddy of mine stopped by …..said lets go for a cup of coffee to starbucks …did not put a stop …came back and i was down $12,000…..that my friend was the most expensive cup of coffee i drank………………always use stops .

    • lajani1074
      October 9, 2012

      thank you Gannman. yes i did the same thing just not that bad. no coffee just forgot and went out……..

    • kygold61
      October 9, 2012

      gannman, just curious if you think the March 2009 low will eventually be taken out in the next five years?

      Really like the graph paper chart.

      • gannman
        October 9, 2012

        you bet…..

  144. gannman
    October 9, 2012

    just a old habit….i always consult the weekly chart which i construct on graph paper with imp cit and astro penciled in all the way to 2017 …..have it on my wall ..it helps to understand the overall trend ….http://content.screencast.com/users/gannman/folders/Default/media/804a89d4-6e74-49d5-9290-c81b72e2c2e9/IMG_0228.JPG

    • lajani1074
      October 9, 2012

      hi g- man. do you follow the es at all. and if so what do you think

  145. Karen
    October 9, 2012

    Just wanted to make an update on the chart I am following…so far it is following the pattern….low could be eod today or tomorrow morning…

    Friday the 12th has a lot of volatility…says open higher, sells off then strength at the close….don’t know levels…higher open candlestick is sometimes correct and sometimes not…use your own TA along with these charts…

    • Anthony
      October 9, 2012

      Thanks Karen. Your input has been much appreciated.

      I have Friday/Monday as the CIT day.

      • Karen
        October 10, 2012

        Thanks Anthony, I appreciate all the info that you guys post on this site…

        Could it be possible we see a high on the 12/15th? I believe we will get a trend the 15th-22/23rd, and it could be down…I know you see a low on the 15th Anthony, but just thinking out loud. My chart says up into the 12th at least, don’t have next week’s info yet…

        • Anthony
          October 10, 2012

          Hi Karen

          I think that scenario is unlikely, more like a pullback today then reversal lower Friday and into the low Monday which is the next CIT date.

  146. rotrot
    October 9, 2012

    NDX monthly…just following up on the post regarding the monthly…the monthly signaled a sell this morning…only the fourth signal in the last year and the ninth signal in the last two years…sitting back and letting the market do the work…good luck with your trading…

    rotrot
    October 6, 2012

    my NDX trend trade system is primarily based on a weekly chart…the weekly generated a sell more than a week ago…another component is a monthly chart…the monthly is very close to signaling a sell…it is important to note that the monthly has only generated eight signals in the last two years…

  147. Tim
    October 9, 2012

    A Close Below 1424 and will be adding to the current short position.

  148. quynhunguyen
    October 9, 2012

    SS76 – If u don’t know the answer, u shouldn’t be in options in the first place. If the option is out of the money, then yes, u only lose what you paid.

    • SS76
      October 9, 2012

      Thanks Q. Not in options yet, just exploring and learning.

      • quynhunguyen
        October 9, 2012

        SS76 – Yeah, 90% of options players lose, just be careful.

  149. beetlejuice
    October 9, 2012

    ’87 style collapse potential?

    Look at that wedge on the DOW. 87 crash was 25 years (5 x 5). Dangerous few weeks ahead

    • beetlejuice
      October 9, 2012

      I wouldn’t be long this market for anything. Staying short.

  150. platypusfoot
    October 9, 2012

    Your 2 cents are always gold GM, thanks.
    Nasdaq is testing the Jupiter-Ceres low. If it can’t hold this level I’ll be very surprised.

  151. gannman
    October 9, 2012

    just my 2 cents if we do rebound here or within the first 2 hours tomorow be mindful that we have a mars trine uranus aspect on monday 11/16/2012 and a new moon the mars aspect is a positive …..if technicals confirm will get into spy 145 calls oct …once again thanks a million everyone……………just got some @.96…please use stops …cheers

    • Anonymous
      October 9, 2012

      hello Gannman i would like to know what you think about the es were is a good place to get in now long or short THANK YOU………..

      • gannman
        October 9, 2012

        i dont trade the es just the spy….and long/short… trades on gold ….sorry

    • lajani1074
      October 9, 2012

      HELLO Gannmam.. can you give me some insite on the es were to get in long or short THANK YOU,………

    • SS76
      October 9, 2012

      Gannman, I’m readng up on Puts and calls as I am intrigued by your success (and nervous about my inability to replicate it), and perhaps may try some small trades once I feel I have enough confidence. Thanks for posting your trades. Interesting to say the least.

      • SS76
        October 9, 2012

        so to add to my last post, a question to anyone….if a PUT or CALL expires without the option being exercised, you only lose what you have put in? Or was this just a really dumb statement. I can’t think straight today…

        • gannman
          October 9, 2012

          basically u already know how much you stand to loose once u take the trade its good until the third friday of the following month but u can cash out anytime …for example if u buy a put for .95 or $95.00 the max you stand to loose is $95.00

        • SS76
          October 9, 2012

          Good man. Thank you GM. I won’t bother you with trying to educate me, but will continue to try and learn this and watch your trading with interest.

        • testy99
          October 9, 2012

          SS76,
          This link may help you with basic Option self education.
          http://www.optiontradingpedia.com/options_expiration.htm

          • SS76
            October 9, 2012

            Thank you Testy.

    • testy99
      October 9, 2012

      Hi,
      When you trade your options ….I would like to know based on your experience what you have found best for stop levels when trading this instrument. Do you generally set your stops at a particular %’age; a particular level based on technicals or it varies based on multiple variables?
      Tks in advance.

  152. ZigZag
    October 9, 2012

    INDU was green earlier and then Mr. 9 said “Down you go” 🙂

    I will add to DOG and PSQ that were bought on Friday on next bounce..

    • Stockboom
      October 9, 2012

      ZZ, what is your target for next bounce? 1450? 1460?

      Thank you

      • ZigZag
        October 9, 2012

        Hi SB,

        Just a guess, but I think they test that Aug 21st high around 1,426. Just remember I’m a time junkie and my price projections are horrible most times.

        • Stockboom
          October 9, 2012

          ZZ, so you think S&P is going to 1426 or somewhere around before bounce back? you don’t see any bounce from current level of 1443 ? short term?

          Thanks

          • ZigZag
            October 9, 2012

            Hi SB, It’s possible we bounce before going lower. read my reply to curiousmind.
            I’ll know more after I know where we close today.

            • Tim
              October 9, 2012

              Hi ZigZag

              What are your thoughts of an exstension of power around the 11th to produce a gap lower? As for myself I am not going attempt to 2nd guess the market, the trend is trying to turn down. If we witness a overbalance of time & price of a previous reaction this will be a sure sign we are turning down. Simply am following them swing charts.

              • ZigZag
                October 9, 2012

                Hi Tim,

                That could happen too Tim. All I know is we were supposed to be getting weakness after late September and so far the pattern has been pretty close to that.

      • ZigZag
        October 9, 2012

        SB,

        Oops, I misread what you said. 1,450 might work. I’ll know more time wise after I see where they close it today.

    • curiousmind
      October 9, 2012

      ZZ, I remember you mention Oct 9 is important, great call. So will today be a low and we bounce till Friday? and down it goes next Mon? am I getting the timing right?

      • ZigZag
        October 9, 2012

        Hi Curiousmind, You’re thinking like I am 🙂 I’ll know more after I see where they close it today, but the next cycles on the daily INDU hit around 11-12. So, it could be a low today with another peak close to Friday before bigger plunge.

        http://tinyurl.com/8qg5uo8

        Correlation has weakness beginning today and lasting until around election day. I had some weekly cycles that hit on the 5th and that could have been our top until election day.

  153. Andrea
    October 9, 2012

    I donate 10 percent of profit to charities, so I am super happy!

    • SS76
      October 9, 2012

      Thats amazing Andrea. Good for you! I donate to my church, and charity, but unfortunately I am not in a profit position this year.

      • ratandrea
        October 10, 2012

        SS, I am not in a profitable position yet either for the year, but I’m determined to get there… 😉

  154. quynhunguyen
    October 9, 2012

    There it is, dollar has bottomed. Got to give it to ZZ, awesome call !

  155. Karen
    October 9, 2012

    5 waves down, usually indicates more down as I mentioned….

    Tim, there was a trade yesterday, shorting the bounce into today…

    • Tim
      October 9, 2012

      Karen,

      See that, although my trading plan is strickly based off the daily and a 2 day swing chart am short from 1465 added to my position once we took out 1444.

  156. rotrot
    October 9, 2012

    NDX daily…as of this date/time the daily indicators are diverging in a positive manner…tomorrow could be up…

    rotrot
    October 9, 2012

    NDX…significant signal…one of my weekly trend charts has indicators with parameters that are extremely slow to turn…at the open today the indicators signaled a sell…this is only the fourth signal since the summer of 2011…the trend is down…unable to post charts at this time…good luck with your trading…

    rotrot
    October 8, 2012

    ZZ…it is early in the trading day so I am reluctant to project what may occur on Tuesday…having said that, my daily NDX chart causes me to believe that there could be a bit more downside before a bounce…as to the NDX intermediate trend, it is clearly down (confirmed on September 25, 2012)…as you know, I am willing to ‘share’ my charts…however, I am unable to posts charts at this time and may not be able to do so until later in the week…good luck with your trading…

  157. quynhunguyen
    October 9, 2012

    Yeah Platy, any further upside on the dollar from this point, then I’m bearish.

  158. gannman
    October 9, 2012

    done trading for today sold the spy oct 145 puts that i picked up for .68 for 1.62 …whew…. thanks a million everyone ……cheers

    • testy99
      October 9, 2012

      well done ganman.

  159. platypusfoot
    October 9, 2012

    The dollar is testing the lower channel trend line that it recently broke out of, and is about to bump into the larger triangle resistance.

  160. Anthony
    October 9, 2012

    Could bounce here 1443 short term. Taking profit. Reload tomorrow.

    • Anthony
      October 9, 2012

      Bought small long just for kicks.1444 4pt stop.

      • guelph1
        October 9, 2012

        hi Anthony,
        do you have a new target for a bounce?

        • Anthony
          October 9, 2012

          1450 then 1460

      • centsabletrader
        October 10, 2012

        I think its good to have a little fun with the markets every now and then. I think we are a little too serious sometimes.

    • Andrea
      October 9, 2012

      Thanks all of u. Held nervously to a position from yesterday faithful that mkt wud drop based on what u all wer saying, n I exited today nicely.

  161. curiousmind
    October 9, 2012

    looks like today is the collapsing low Anthony was talking about few days ago..

  162. Tim
    October 9, 2012

    We have taken out 1444 a major longer term sell signal has been given.

  163. Peggy Mateer
    October 9, 2012

    then 3067, 3058. 3056.5, 3053

  164. Peggy Mateer
    October 9, 2012

    important support for compx at 3081.

  165. Anthony
    October 9, 2012

    I can echo Karen’s dates of down into 15 Oct. Targets 1433-1435.

    Apologies for any confusion market was being erratic intraday.

    • Klaas
      October 9, 2012

      means ….no 1445 today and after that 1464 ???

      • Anthony
        October 9, 2012

        Likely 1445-1447 today bounce up tomorrow. Though not as high as 1465.

        • Klaas
          October 9, 2012

          Thanks Anthony !

          I am short ES from 1455 BUT i bought a hedge NQ today …big big big mistake

          • Michael
            October 9, 2012

            Covered my shorts too early ! Damn

  166. Michael
    October 9, 2012

    Futures are down. If the sun/jupiter aspect cannot bring higher prices, then hard to see what will.

    Probably too early to say but this is looking like the market are heading down

  167. Anthony
    October 9, 2012

    Looking at the charts and comparing SPY with DIA there is a good chance that DIA could make a new high here whilst the SPY makes a lower high similar to the May 2011 high. As a result the Dow Jones could push upto the 13700 area before reversing. So ill be putting this one on my watch list. The geometry is suggesting that should this be a fairly strong up day today that level could be tested on the 10 Oct. The upwards sloping channel on the SPY remains respected. This suggests that we could see the lower SPX high at around 1472-1473 essentially a double top.

    This also brings into question the magnitude of the price drop. Whilst the roadmap is signalling down the drop off the edge of the cliff may have to wait until the end of October where there is a 29 Oct CIT date showing weakness into the 3rd week of November.

    I guess thats just the nature of these sideways ranging markets theyre tough to trade!

  168. gannman
    October 9, 2012

    “WHY THE SAINTS WERE SAINTS”
    Because they were cheerful when it was hard to be cheerful;
    And patient when it was hard to be patient;
    And because they pushed on when they wanted to stand still;
    And kept silent when they wanted to talk,
    And were agreeable when they wanted to be disagreeable.
    AUTHOR UNKNOWN.

  169. gannman
    October 9, 2012

    jupiter rx now look for the final crest when jupiter is between 14deg-24 deg gemini and thats during 4/2/2013 and 5/31/2013….just my 2 cents

    • Anthony
      October 9, 2012

      Thanks GM, that would support my idea also of a May 2013 high.

      • platypusfoot
        October 9, 2012

        Mine too!

        • Peggy Mateer
          October 9, 2012

          Euro-Dollar Commitment of Traders (EDCOT) too!

      • stij
        October 9, 2012

        but first a jan-feb 2013 low

  170. Peggy Mateer
    October 9, 2012

    tomorrow’s spx/es support/resistance:
    Sat 120 Ceres 1433, 1467
    Moon 120 Mars 1441
    Moon 90 Sat 1443, 1454
    Ven 120 Plu 1458
    Sun 120 Jup 1463

  171. Anthony
    October 9, 2012

    i think its possible for a 1456-1460 retest today. Trade with the trend so not buying this one just monitoring the price levels to go short. Thanks

    • lajani1074
      October 9, 2012

      thank you anthony. i knew i could count on you for an answer.

    • Anthony
      October 9, 2012

      Looks like an inversion day so start weak finish strong target 1446-1447

      • Klaas
        October 9, 2012

        Target 1446 for the shorts and then up to 1475 you mean .?
        Or down to 1434 and then Long target 1446 ?

        • Anthony
          October 9, 2012

          Down to 1446-1447 upto 1464-1466

  172. lajani1074
    October 8, 2012

    Hello g-man what are your thoughts for the next few days on the /es.thank you

  173. ratandrea
    October 8, 2012

    It is SO refreshing to see so much positivity ALL of the time—whether things play out as predicted or not. Just good people all of you are.

    • centsabletrader
      October 8, 2012

      I agree. Right or wrong, if you can make more when right than wrong your ahead. Money management, sometimes, is more important than market direction. I hear a lot of positive even when there is disagreement.

    • SS76
      October 9, 2012

      +1, this is the why this blog is my favorite

  174. gannman
    October 8, 2012

    also venus trine jupiter and venus trine pluto 10/9/2012 watch the rally if we do get any begin to fade by noon ……………just my 2 cents …

  175. gannman
    October 8, 2012

    Karen ….MA-UR-MO grand trine tomorrow ….we should begin to go up now until noon tomorrow then down next 2 days …..

  176. Tim
    October 8, 2012

    With all due respect, witnessing the all short term forecasting taking place here makes me wonder if some of are actual good technical traders. Today is a holiday and there is simply nothing to trade off of what the market has presented us thus far.

    • Michael
      October 8, 2012

      i agree Tim

      • Tim
        October 8, 2012

        Mike,

        For what it is worth have a look at a 60 min chart of the SPX, Nov Soybeans, and Dec Gold a very interesting picture is being painted here.

    • Anthony
      October 8, 2012

      Tim

      people have varying degrees of experience, skills, perceptions and methods which develop and change over time. The purpose of this site was to provide constructive information to help people navigate through the markets.

      As one of the more experienced traders here we look to you to provide input and guidance to thr less experienced members.

      From my experience. If there is an open and a close it is tradeable. ALWAYS.

      Thanks
      Anthony

      • Tim
        October 8, 2012

        Hi Anthony,

        I concur but please note for record the comments presented were not directed at nor meant to single out a specific individual, simply a general statement. If one is offended then a apology is granted.

        • Anthony
          October 8, 2012

          Thanks Tim. God bless.

  177. gannman
    October 8, 2012

    based on the aspects a 3%-4% reversal down then we should stay in a tight sideways range of 1-2 points on spy for 3-4 days the top is comming nov 1 then get ready to close the gap at spy 136 or 134 …..cheers ..pindar to answer your question …yes but please use stops

    • Karen
      October 8, 2012

      Gannman….I am seeing that we may get a trend from Oct 15th to around Oct 22/23rd…It seems like if we are down into the 15th, we could see an uptrend into the 22/23rd…or vice versa…up into the 15th, could mean down into the 22/23rd…what are your thoughts?

    • kygold61
      October 8, 2012

      gannman, when you say the top is coming on Nov. 1 do you mean a multi-month top or multi-year top or something else? Can you elaborate just a little.

      Thanks for your posts.

      • gannman
        October 8, 2012

        read my post earlier ……….11/1/2012 …cit… a double bottom in dec 2012 and a lift off in to the newyear…………..

        • kygold61
          October 9, 2012

          gannman, thanks. I went back thru and found the earlier post. Down for three weeks beginning Nov. 1. Double bottom on Dec 21 and then up, up and away into 2013.

  178. Klaas
    October 8, 2012

    Do we see here the bottom for the next high at 9/10 Oct ?

  179. gannman
    October 8, 2012

    market will try to fill the gap this morning in to the close and first hour tommorrow then its a 4 point move down in the spy still holding the oct spy 145 puts i picked up @.68……….the drop in the next two days is comming…. use stops

  180. Rezito
    October 8, 2012

    I’ve closed 70% of my QQQ puts. I’m waiting to see if we go lower and may unload the rest by the end of day.

  181. ratandrea
    October 8, 2012

    Hoping Anthony’s 1450-1451 hits today. 🙂 1447 would be even better!

  182. ZigZag
    October 8, 2012

    Covered AAPL short from Friday. I’m still short GS and holding PSQ and DOG. I will get more aggressive depending on what happens this week.

    • rotrot
      October 8, 2012

      ZZ…it is early in the trading day so I am reluctant to project what may occur on Tuesday…having said that, my daily NDX chart causes me to believe that there could be a bit more downside before a bounce…as to the NDX intermediate trend, it is clearly down (confirmed on September 25, 2012)…as you know, I am willing to ‘share’ my charts…however, I am unable to posts charts at this time and may not be able to do so until later in the week…good luck with your trading…

      • ZigZag
        October 8, 2012

        I agree rotrot, most of what I’m looking at shorting is in tech. I covered AAPL today because of a chance of a cycle low and I don’t like holding a short after a gap down. My short was at $666, AAPL is evil I tell ya 🙂

        http://tinyurl.com/8elmt7g

        • rotrot
          October 8, 2012

          “AAPL is evil I tell ya”

          several weeks back my wife insisted that I make a foray into the 21st century…she bought me an iPad…it enables me to monitor the markets while mobile…hopefully my proficiency with the iPad will improve as time goes on…

          • ZigZag
            October 8, 2012

            Your wife is smart 🙂 I’ve been an Apple user for 20 years now and I currently have 2 iMacs, 2 laptops, iPad, iPhone, Apple TV and iPod touch. I love my iPad and I use that more than anything else.

      • rotrot
        October 9, 2012

        NDX…significant signal…one of my weekly trend charts has indicators with parameters that are extremely slow to turn…at the open today the indicators signaled a sell…this is only the fourth signal since the summer of 2011…the trend is down…unable to post charts at this time…good luck with your trading…

    • lajani1074
      October 8, 2012

      what,s up zz. do you think we start to fall on the 9th -/+ day

      • ZigZag
        October 8, 2012

        Hi lajani1074,

        Yes, that’s what I’m seeing…This week should tell us whether we drop down to the election or not. I believe we will.

  183. Peggy Mateer
    October 8, 2012

    spx support: 1445, 1433, 1431, 1428
    spx resistance: 1454-55, 1462.5, 1464
    compx support: 3118-19, 3111, 3109
    compx resistance: 3137, 3151, 3163-64

  184. guelph1
    October 8, 2012

    good morning
    Happy Canadian thanksgiving 🙂

  185. Anthony
    October 8, 2012

    With the world bank presenting its news pre-market regarding East Asia growth i think there is a good chance that any early weakness is going to fade

    • lajani1074
      October 8, 2012

      G-MOR Anthony witch way do you think the market is going today. the o/n was on a down trend do we keep going down

      • Anthony
        October 8, 2012

        Market could bounce after early weakness. Head higher, turn around 10/11 October then down into 15 Oct.

        Targets in place at 1450-1451. Thats me done for today.

        • lajani1074
          October 8, 2012

          THANK YOU!!!!!!

        • Karen
          October 8, 2012

          Anthony, agree that if we are down into Oct 15th, I see the next turn date around 22/23rd…we could trend up into those dates…is that what you have as well? Thanks!

          Tim, btw, those are very harsh words.

          Even if you preface your disrespectful words with “with all due respect”, it doesn’t make them less offensive. It doesn’t help nor change anyone’s actions here, it only brings negativity to the blog….

  186. Pal
    October 8, 2012

    Thanks Anthony:).

    I agree, I too don’t believe in conspiracies. His articles about stock markets are very interesting in that blog. Esp his studies about great crashes. I advise our friends only to read those:).

    • Anthony
      October 8, 2012

      Pal its not that i dont believe in them. I think many of them are half truths, when an alternate truth is created it is easier for people to say well its definitely not X so it must be Y. When in fact its Z.

  187. Anthony
    October 8, 2012

    Stop moved down to 1460. Profit locked in, looking for 1450-1451 downside target.

    • Klaas
      October 8, 2012

      Hi Anthony .Where can i follow your ETF from the SPX/SPY
      I am searching in IB but the only one i can find has no quotes pre -and aftermarkets.

      .

      • Anthony
        October 8, 2012

        IG Markets.

        • Klaas
          October 8, 2012

          Thanks ! Now i see the different quotes .Markets.com =1449 and IG = 1454

  188. Anthony
    October 8, 2012

    Pal

    Many thanks for the link, interesting read.

    Id like to keep this a conspiracy theory free zone.

    Cheers
    Anthony

  189. Pal
    October 8, 2012

    I found some info interesting, thought to share…

    It seems major crashes happened within 2 weeks of Yom Kippur(Ex: 1929, 1987). Oct [12 – 14] period falls during that. Also any major world conflicts happened during that time.(refer this: http://thespiritoftruth.blogspot.com). That blog guy predicted exact date of 2008 crash based on jewish calender!

    So, what Karen said may happen. If it does not crash, then, I think, it may happen after Oct 29(new moon), as Gann told.

  190. Anthony
    October 8, 2012

    Guys remember 1450-1451 on the cash market for a potential bounce and reversal higher.

  191. Karen
    October 8, 2012

    Remember to take this chart lightly, it’s not always correct…but an updated chart says that should the market be up on the 12th, it sells off dramatically…

    sometimes it will show an up day, but what it is trying to convey is a dramatic sell off…??

    We’ll see…

    • Anthony
      October 8, 2012

      Thanks Karen

      Do you have a chart that you are prepared to share with us?

      Thanks
      Anthony

      • Pal
        October 8, 2012

        I think Karen talks about http://spiraldates.com/.

      • Karen
        October 8, 2012

        It’s not a chart I can share but spriraldates as Pal mentioned is an interesting chart to look at…

        In terms of direction…it looks like we could have gotten the 5th wave down I was talking about last week or in the process….if that is the case, normally it is followed by and abc up, then more down…

  192. curiousmind
    October 8, 2012

    Anthony, you mentioned a collapsing low on Oct 9 before, which seems to rhyme with what Karen’s chart is showing….also how is one to interpret the Dollar CIT on Sep 29 and Oct 5 since 29 was not the actual low but we saw a lower low and then bounce on 5th? Do you think Oct 28 will be the top for dollar which kind of rhymes with the low for metals on the same day?

    • Anthony
      October 8, 2012

      Hi Curious

      I think the 29 Sep CIT was the the 1st Oct dollar high and the 4 Oct CIT was the 5 Oct low. Im unsure of the dollar, best ask Platy.

  193. Karen
    October 7, 2012

    A chart I am looking at could indicate that we could see a low on the 9th and then zig zag up into the 12th…

    I do not know if it is correct so I will look at it with a grain of salt as with everything else….this chart was dead on for two weeks in a row, then last week it was off, so sometimes it’s dead on, and sometimes off….

  194. gannman
    October 7, 2012

    The Sun-Pluto waning square of September 29, will begin to have its reversal effect between Oct 09 to 12.The Venus Neptune opposition of Oct 04,will manifest negatively before Oct 16.Jupiter had turned retrograde on Oct 04th… expect a powerful reversal from a crest, on Oct 11th.Mars Neptune waning square of Oct 08,may affect markets negatively between Oct 12 to 17th.Sun forms a waxing trine with Jupiter on Oct 09th.Powerful reversal effect from crests is expected between Oct 12 to 19.Venus and Pluto form a waxing trine on Oct 09, 2012.
    As you can see, most of the aspects which have formed in the immediate past or which are about to form in the near future seem to indicate reversal from crests. The common central time band seems to be Oct 10 to 12.

    • Tim
      October 7, 2012

      Any one of these dates could be a swing low or a swing top. In form reading the most relevant question one should be asking his or herself at the moment, Is the market currently sitting in a strong position or a weak position based on the current position of Gann’s timing angles?

  195. gannman
    October 7, 2012

    sorry for the re-post ..did not create a direct link first time …………….whew…

    • SS76
      October 7, 2012

      Really neat, thanks for sharing.

    • Michael
      October 7, 2012

      So what direction is next ?

  196. gannman
    October 7, 2012

    heres something …..it has helped me make some $$$$$$$$$http://content.screencast.com/users/gannman/folders/Default/media/9061f451-4db4-4486-93aa-855b6653d485/my%202%20cents.png

  197. Tim
    October 7, 2012

    Anonthy & Zig Zag

    One important comment here Oct 5 is a time by degrees day as it is 123 Cal days from the 6/04/12 low, 64 Cal days from the 8/2/12 low, 92 Cal days from the 7/5/12 top and 45 Cal days from the 8/21/12 top. 64 x 1.44=92. 45 is bascially 50% of 92.

    Above listed are all Gann prime numbers.

    1466 – 92 = 1374 8/2/12 low 1376.25

    10/5 is 120 degrees in time while 1466 is 135 degrees in price from 6/04.

    10/5 is 90 degrees in time while 1466 is 240 degrees in price from 7/05.

    10/5 is 45 degrees in time while 1466 is 120 degrees in price from 8/21.

    The 2×1 angle running up from the 8/2/12 low has halted this market.

    • Michael
      October 7, 2012

      Hi Tim,

      Does it mean the high is in

      Thanks

      • Tim
        October 7, 2012

        Hi Mike,

        My analysis is calling for a reaction here now just how far this reaction goes am going to let the market tell us how far they want to take it down. Obviously a close or a trade below 1444 is not going to bode well for the Bulls.

        • Michael
          October 7, 2012

          Thanks Tim

    • ZigZag
      October 7, 2012

      I had some weekly cycles hitting on the 5th. Interesting stuff Tim, thanks 🙂

  198. Tim
    October 7, 2012

    Hi Anthony,

    Friday is a time by degrees date for an important change in trend, but what seems to be happening here recently is every time we get near or at these dates the market starts to stumble only to have the Fed jump back in to support this market. Surely they are not buying Bonds. Since March of 2009 this is simply nothing more than a bear market rally. If we go back up to fail at the all time highs a third time (triple top) we more than likely are going to have a very long term trending down market.

    • Anthony
      October 8, 2012

      Hi Tim yes i agree.

  199. Michael
    October 7, 2012

    Looking at the roadmap again and thinking in very simplistic terms, why would the market selloff on Friday on good unemployment numbers ? Nfm is one if not the biggest data and that didn’t move markets higher what will ? No more QE to be announced, all priced in

    I think roadmap is not to be doubted unless higher highs are seen

  200. SS76
    October 7, 2012

    Not sure if any of you follow candles but we may have a buy signal confirmed for the bear etf “hsd” on the tax. The last two candles formed a bullish meeting lines pattern, which would mark a cit. All we need is confirmation Monday. Man, lines up perfectly with the 9th. Yay

  201. lajani1074
    October 7, 2012

    Hi Anthony. love the blog i’m short es @ 1451 should i close monday or ride it out. do you think we will retest 1466 again. like you said helluva of a tough market to trade.

    • Anthony
      October 7, 2012

      Hi Lajani, yes at some point but wait for 1451 retest first. Ive moved my stops up to net small profit on my shorts at 1465.50.

      That way if we breach resistance then ive closed out small profit, if we fail at that area we head down to 1450-1451 see how we act. If we bounce ill take profit there.

  202. rotrot
    October 7, 2012

    pindar13…intend no offense…however, do not agree with your premise…even people who post here are doubtful that the market will behave in a manner consistent with the road maps posted by Anthony and ZZ…I am not one of the doubters…my NDX trend trade system has been on a sell for more than a week…

    • Anthony
      October 7, 2012

      In RotRot we trust 🙂

  203. Anthony
    October 7, 2012

    I think anyone long oil here should be mindful, my geometry is showing a drop into 10/11 October.

  204. Anthony
    October 7, 2012

    I think we can all agree on one thing over the past 6 months this market has been one helluva tough market to trade.

    • platypusfoot
      October 7, 2012

      Very helpful GM, thanks 🙂

    • rotrot
      October 7, 2012

      SPX EW as of the close on October 4, 2012…

      • platypusfoot
        October 7, 2012

        Nice RR, thanks!

  205. Karen
    October 7, 2012

    Sirgiyan, thanks for the stats and info…keep them coming…ahead of time would you? :))

    I have a turn date this week of Tuesday or Wednesday for a trend change…i can see negativity into Thurs, but there is a possible bounce maybe on Friday (12th) into the 15th (New Moon), which would most llkely be a lower high, because I see down into the next potential turn around Oct 21-22nd.

    Funny how these dates correspond to the debates:

    Oct 11: Vice presidential candidates’ debate between Vice President Joe Biden, Wis. Rep. Paul Ryan

    Oct 16: Second presidential candidates’ debate between Obama, Romney

    Oct 22: Third presidential candidates’ debate between Obama, Romney

    My charts show that should we get a correction in Oct/Nov 1st, Dow looks likely to stay above 12,900-13.000…we’ll see…

    • sirgiyan
      October 7, 2012

      No problem, Sir.
      Stats on gaps are easy to remember… 2 gaps in a row (both up or down) do not last for more than 2 days. Simple.
      As for the rest – I just said next Tuesday & Wednesday are negative statistically.
      http://screencast.com/t/tVqIv1vMK

      • Anthony
        October 7, 2012

        thanks sirgiyan

        that would be supportive of my early weakness Monday then rebound into 10/11.

      • twoblackcrowes
        October 7, 2012

        Hey Sirgiyan, welcome. Thanks for the October data. Do you have either the link or the images for future months?

        Anthony and Zigzag, great work. One of my favorite places to visit.

        • ZigZag
          October 7, 2012

          Thanks twoblackcrowes 🙂

      • centsabletrader
        October 11, 2012

        Great chart. Did you make that? Is there a web site I can find more?

  206. gannman
    October 6, 2012

    anniversary dates important as per gann …..its comming the double top and then down ……the swift wave down will begin 11/1/2012 lasting for at least 3 weeks i have 3 cit dates just my 2 cents 11/1/2012 (at least 4-5%reversals) a minor on 11/12/2012 due to a newmoon and solar eclipse on 11/13/2012 next cit around 11/27/2012 and then dec 21 2012 a double bottom and then a run up and away in to 2013……………….cheers

    • Michael
      October 7, 2012

      Unless somethg bad happens during / after election, markets generally have a relief rally after election into year end

  207. curiousmind
    October 6, 2012

    http://screencast.com/t/fgd71jqvn
    Food for thought…

    • Karen
      October 7, 2012

      Yes, curiousmind, that is Gann360’s chart, saw that earlier…he has great charts…he has missed a few dates lately, but this one lines up well…

  208. gannman
    October 6, 2012

    ANTHONY….. ratandrea is refering to my post of those dates on the venus uranus opposition and venus square pluto aspect what resulted was a reversal to the downside in the market ……………similar occurence of the same aspect 11/1/2012 and 11/3/2012…………have a great weekend

    • gannman
      October 7, 2012

      • ratandrea
        October 7, 2012

        Beautiful. Thank you.

  209. Anthony
    October 6, 2012

    Thanks Pindar it made no difference in September to what happened :p

  210. ratandrea
    October 6, 2012

    Anthony, I am trying to do some research on the dates you presented in an earlier blog 09.17.11 and 09.18.11 and also 08.07.10 and 08.09.10, but I didn’t see anything significant (ha,.which isn’t surprising!). Could you explain? I’m trying to correlate it with your 11.01.12 and 11.03.12 dates. Thanks.

    • Anthony
      October 6, 2012

      Hi ratandrea

      im not sure what it is your asking?

  211. tfinavia
    October 6, 2012

    Just know that it’s a map no one dares to follow at this time. Majority is long and strong and kool aid is running high everywhere. Also know that it’s published as a time map and not a price map. In another words, as far as I read here, price targets are unknown.

  212. sirgiyan
    October 6, 2012

    Also, this shooting star daily candle is sooo f@ckinf obvious… I do believe that the last day of this uptrend is very likely to close on the high of a day and I expect this to be Monday (close enough to Zig’s 9th)
    Cheers

    • tfinavia
      October 6, 2012

      European leaders meet on 8 and 9; they may disappoint probably. So, you could be correct that in anticipation of the meeting’s results, 8th on Monday we have a green day and then sell the news whatever that may be.

    • Anthony
      October 6, 2012

      Thanks for the stats and welcome to the site Sirgiyan. Yes that candle is a little obvious but maybe they want more sellers so the can buy into the sell off?

  213. sirgiyan
    October 6, 2012

    Hi there,
    I’ve been reading this fantastic blog for couple of months now and today I decided to share some humble knowledge.
    Statistically, two gaps in a row have 5% chance of living another day. Meaning that second gap up Friday morning had 95% of closing the same day – that’s what happened. Also, the 5th trading day of October has a low probability of closing in green – that’s what happened as well.
    Now, next Monday (the 6th day) is most likely a green day BUT Tuesday and Wednesday are very negative statistically. So my plan is to short on Monday and keep it until Thursday at least.

    Dear ZigZag, may I draw your attention to this chart
    http://screencast.com/t/PjUHxvRdxr
    which you have posted a while ago… Is there any chance we hit high in the beginning of November? (note September 25th was indeed a low)

    Thank you very much…

    • ZigZag
      October 7, 2012

      Hi Sirgiyan,

      The correlation is projecting lower after the 9th so for now I’m playing it as a peak this week. The INDU chart has possible hits on the 9th, 10th and 11th. In the event we do go higher towards the election, then I still see a potential major down move coming soon after.

      INDU: http://tinyurl.com/8rrskta
      Correlation after Oct 9th: http://tinyurl.com/98twefa

      Likely path IF the correlation is wrong about election: http://tinyurl.com/8qxauhq

  214. Michael
    October 6, 2012

    Good point Pindar even funny ! But if it’s not posted online how do we get it, subscription ?

  215. mike
    October 6, 2012

    Anthony,

    Thanks for update. Using your and ZZ’s road maps, I will just stay put in my shorts via Nov options. I may add to it if we trend a little higher into Oct 9th but overall I don’t want to pick up nickels in front of a potential bear steam-roller.
    My take on the downside is a bit esoteric in that I believe “they (those who really pulled the levers of politics in the USA)” knows that Obama will be re-elected. However “they” do not want Obama to win in a landslide thus giving him some kind of political cover to say that he has a mandate from the people to govern a certain way. A wounded Obama in the second term create political gridlocks and ensure that radical policies will not be employed. Thus Friday’s NFP number was sold off because too many positives for Obama going into the election will not do. Just my take on things.

    • tfinavia
      October 6, 2012

      That’s very interesting. I strongly believe Obama will win. However, I want to understand and it’s not clear to me if Obama is not elected by a landslide victory then what will be his disadvantages and what will be “theirs” advantages?

      Also, for no huge victory expected then do you anticipate a large sell off akin to ~15%, similar to 2010 and 2011 corrections?

      Thanks Mike!

      • mike
        October 6, 2012

        tfinavia,

        A wounded Obama meant that any radical or potentially game changing political ideas similar to Obamacare will not be presented to the people. In 2009-2010 Obama had political cover from his victory and most of the Democrats rode his coattails thus he was able to have a carte blanche to do as he pleases. I believe that given that Obama cannot go for a 3rd term, if he wins in a landslide he may tried some more radical ideas and possibly upset whatever plans “they” have. Therefore it is imperative to just let Obama squeaked by for his re-election.

        • tfinavia
          October 6, 2012

          Thank you Mike, great insight!

  216. rotrot
    October 6, 2012

    can the indices make a significant upside move without AAPL?

    • rotrot
      October 6, 2012

      my NDX trend trade system is primarily based on a weekly chart…the weekly generated a sell more than a week ago…another component is a monthly chart…the monthly is very close to signaling a sell…it is important to note that the monthly has only generated eight signals in the last two years…

      • Anthony
        October 6, 2012

        Thanks RotRot loving your system 🙂

  217. gannman
    October 6, 2012

    sorry for posting that twice ….hit enter… without filling in the fields cheers enjoy the weekend

  218. gannman
    October 6, 2012

    highest option volume as of 10/5/2012 close ….spy 145oct puts

  219. Anonymous
    October 6, 2012

    highest option volume spy oct 145puts as of 10/5/2012 close

    • Anthony
      October 6, 2012

      Schucks and i was thinking Gannman had a clone. Double accurate 🙂

  220. Michael
    October 6, 2012

    Looks like time to be nimble ! Thanks for the update Anthony

  221. Klaas
    October 6, 2012

    Thanks for the update Antony !
    When i look at the same complex topping pattern from March till May we now get a few inside days and after that a big decline .

    Have a nice weekend !!

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