Change-In-Trend

with Anthony, ZigZag & Platy

November Drop

Remember the below chart showing the upwards sloping pitchforks. Well it looks like we could be up for a retest of the upward sloping pitchfork line between now and Monday. A higher close on Friday in the cash SPX 1474-1484 could result in a marginal new high. Pull up a chart of SPY and then draw the resistance lines of 147.8 – 148.4 this will give you an indication of when to enter the broader equities markets to the downside.

Ive amended the roadmap to include an additional dominant cycle that is playing out.  I will start building a short position Friday/Monday as the roadmap also shows weekends.

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456 comments on “November Drop

  1. SS76
    November 1, 2012

    Ok, going short here, 1423

  2. Anil V
    November 1, 2012

    Hi Anthony,

    Can i ask how did you model that golden line ?

    regards
    ajv

    • Anthony
      November 1, 2012

      You can ask!!!!!!

      • Anil V
        November 1, 2012

        Hi anthony,

        how did you model the golden line in your chart. what tools u used.

        • Anthony
          November 1, 2012

          Sorry i cannot reveal the method.

          • SS76
            November 1, 2012

            Ya, I would keep your work to yourself. All we can do is judge how it does against reality. Good stuff. I’m thinking going short here…

    • platypusfoot
      October 25, 2012

      Nice GM, thanks 🙂

  3. gannman
    October 25, 2012

    should head up from here ……..got some spy 142nov calls @1.62….use stops ….

  4. ZigZag
    October 25, 2012
  5. gannman
    October 25, 2012

    Thanks a million Anthony ………almost fell of my chair ………My wife and daughter having a blast and the laugh of their life…………yeeeeeeeeehaaaaaaaaaa..Texas

    • SS76
      October 25, 2012

      hahahahha, I was just watching the video on youtube too….

  6. gannman
    October 25, 2012

    Karen above aspects …..cause and effect case 1 lasted 3 weeks spy lost 90 points case 2 same aspects also lasted 3 weeks spy lost 140 points ………..and if this helps anyone out there ……….http://www.screencast.com/users/gannman/folders/Default/media/49ec3d81-7415-4101-8815-d68a80b9809c

  7. karen1650
    October 25, 2012

    This is my new wordpress account name…
    Anyways, Gannman and Platy, what are your thoughts next week, we have a Venus opposition to Uranus on Nov 1st, and then a Venus square Pluto on Nov 3 (not on a trading day, so don’t know if it will affect the market, may have an affect on the 2nd) looking for a bottom around that time frame….your thoughts??

    • Tim
      October 25, 2012

      Quite simply expect large volatility things have been fairly quiet so far this may change immensely next week.

    • platypusfoot
      October 25, 2012

      Hi Karen, thanks! Also Sun-Saturn conjunction tomorrow and Ceres turns retrograde on Oct 31. I just wrote a post on it.

      • lajani1074
        October 25, 2012

        Hi anthony zz platy. how are you all. what are thoughts for fri and next week

      • Anthony
        October 25, 2012

        Thanks for the post Platy

        Just for context sake what happened the last time Ceres turned retrograde?

        • platypusfoot
          October 25, 2012

          Ceres last went direct 11/7/11 at Nasdaq’s 36°, 2 days before an important top.
          It last went retrograde 7/26/11, 2 trading days after an important top.

          • Anthony
            October 25, 2012

            Awesome Platy this is great info :))

      • platypusfoot
        October 25, 2012

        Nice chart GM!

  8. Tim
    October 25, 2012

    We are at the crossroads here today, either we establish a temporary bottom for a rally or we are going to get an acceleration move to the downside My bias is a temporary bottom. Time to tighten up stops.

  9. Anonymous
    October 24, 2012

    This is Karen, I have tried to log into WordPress acct, but having trouble, will probably have to create a new account.

    Anyways, this is probably far off, but my question is for ZZ, Anthony and Platy, I know that ZZ’s date for a top is around January 7th or so, but I am seeing a potential reversal date of Dec 21-24th, i am wondering if you guys have that date as a potential for a top??

    • ZigZag
      October 25, 2012

      Hi Karen,

      Here’s a look at the weekly correlation instead of the daily. http://tinyurl.com/8qhvrau

      It’s very possible that it could be closer to your Dec 21-24th area. Once we see evidence of a rising double bottom then I’ll be able to pinpoint the top date.

      • Anthony
        October 25, 2012

        Thanks mate, if this chart is correct then the most dominant cycle would need to invert, which it has done in the past and will do again.

      • Rezito
        October 25, 2012

        Hi zigZag

        Looking at that chart: looking only at price are you implying that when ever that next top happens it would be a lower high versus the Sep high?

        • ZigZag
          October 25, 2012

          Hi Rezito..I only base it on time and patterns and I never really know on price, but if only looking at price, then that is precisely what it’s suggesting.

  10. rotrot
    October 24, 2012

    UUP daily trading chart is exhibiting signs of a negative divergence…however, any near term weakness should be followed by an upward thrust…below is a link to the UUP trend trade system chart…good luck with your trading…

    • Anthony
      October 25, 2012

      Nice chart 🙂

  11. simon1080
    October 24, 2012

    Im thinking tagging 1395 bottom tommorow , reversal interaday …hammer finish… tommorow and up we go onto the 31st.

    • Anonymous
      October 24, 2012

      this scenario I think could also occur on friday. tommorow or friday IMO marks the short term bottom before we bounce which should be a good opportunity to short.

    • simon1080
      October 24, 2012

      this scenario could also play out on friday .. so tommorow or friday we should get this scenario.

      Also Anthony , based on this road map https://changeintrend.files.wordpress.com/2012/10/roadmap3.png

      Doesn’t that also show 26th short term bottom with a move up to 30 31st?

      Thanks

  12. curiousmind
    October 24, 2012

    Today, dollar is very weak, just like Karen said that it is in wave 4, any view on where the wv4 will take the dollar before wv5 to 80.6, I believe??

  13. apanalis
    October 24, 2012

    Come on , perforate the intraday support in DOW, SP500, like Transport.

  14. Stockboom
    October 24, 2012

    Did we break yesterday low? next would be 1390 if we broke low

    Thank you

    • SS76
      October 24, 2012

      Very slightly, yes, but that would actually agree with Anthony and Karen that today would be the low for this leg, and only slightly lower (spx low yesterday 1407.56 vs today 1407.19). I think we are shaped up nicely for a rally to 1434 by Friday.

  15. gannman
    October 24, 2012

    just went long ………….use stops 3 day rally to follow but might exit on friday or if stopped out …………

    • testy99
      October 24, 2012

      that’s pretty generic…r u able to provide entry, target, stops etc… so we can learn from it….thanks in advance.

      • testy99
        October 24, 2012

        also what triggered your long entry…..ie. playing the Bernanke/

        • centsabletrader
          October 25, 2012

          “playing the Bernanke/” Is that a new video game? Golf course? Race track?

    • Anonymous
      October 24, 2012

      same…gonna trail my stops as price breaks thru resistance ….my target is 143.50 SPY…

  16. Peggy Mateer
    October 24, 2012

    and $indu at 12997 – 13099 would also be perfect. 🙂 fwiw.

    • platypusfoot
      October 24, 2012

      Thanks Peggy 🙂

  17. Michael
    October 24, 2012

    Hi guys

    Anyone planning on going long today pre or post fomc ?

    Thanks
    Michael

  18. Peggy Mateer
    October 24, 2012

    compx at 2966 today or tomorrow would be perfect. fwiw

  19. ZigZag
    October 24, 2012

    Sounds like a good plan to me 🙂

  20. ZigZag
    October 24, 2012

    Hi Pindar,

    No plans to short anymore, I’m going to let the remaining batch ride for now.

  21. ZigZag
    October 24, 2012

    The mystery chart is being rejected at the line this morning.

    http://tinyurl.com/96fl86k

  22. Peggy Mateer
    October 24, 2012

    planetary prices:

    es/spx:

    1445
    1438
    1435.5
    1433
    1428-29
    1426
    1416.5
    1412
    1410
    1407
    1403
    1400

  23. rotrot
    October 24, 2012

    apanalis…your long term view is worthy of note…thanks for sharing…

    apanalis
    October 23, 2012

    I don´t think so, after this drop to 12.000-11.700 we must see a rebound, might be 12.500+- at most, first must see the level of the current drop and valuate the rebound, but never see new highs in DOW, nor SP500, nor Russell2000, nor Wilshire5000, nor Nasdaq, nor Dow Jones Transport…

    • apanalis
      October 24, 2012

      I wrote many days ago: my studies of the DOW tells me a drop about 30-35% in the dates i exposed yesterday.

      Thanks to all of you in this web

      • apanalis
        October 24, 2012

        testing. Sorry.

  24. rotrot
    October 24, 2012

    ZigZag…nice work…like your style…get on board and ride the trend…

    ZigZag
    October 24, 2012

    Here’s the dates I’m talking about, now in visual format.

    http://tinyurl.com/8fmorj2

    High or low? We don’t know yet…Just do the opposite if the price move is big on those days and put in a stop you’re comfortable with 🙂

    • ZigZag
      October 24, 2012

      Thanks Rotrot 🙂

    • Tim
      October 25, 2012

      rotrot

      Complete the angles within the sqaure or trend lines as some call them from bottom left to top right should give you the resistance levels on the way back up.

  25. SS76
    October 24, 2012

    Futures ramping up tonight on better than expected Chinese data, I suspect today’s low will hold until October 31st, ZZ’s CIT and potential high, and then down into Nov 4th. Of course, that is at odds with Anthony who is betting on an Oct 31st low. We’ll see, be nimble. I am long spx at 1414 with a target of 1434.

  26. ZigZag
    October 24, 2012

    Here’s the dates I’m talking about, now in visual format.

    http://tinyurl.com/8fmorj2

    High or low? We don’t know yet…Just do the opposite if the price move is big on those days and put in a stop you’re comfortable with 🙂

    • SS76
      October 24, 2012

      Much clearer chart ZZ, even a dummy like me can understand it, lol

    • Michael
      October 24, 2012

      ZZ, friday 26th next CIT ?

      • ZigZag
        October 24, 2012

        Hi Michael,

        Just a couple of dates to watch for likely price a reversal.

  27. rotrot
    October 24, 2012

    in my view we still have at least 13 or 14 days before we hit a bottom…how low are we going? don’t know…however, the below links are offered as food for thought…this is not a forecast that the current selloff is analogous with 1929…just an attempt to help us all stay focused on the intermediate trend and how to best profit in the near term…as previously stated, yours truly does not intend to try and catch a falling knife…good luck with your trading…

    http://www.mrci.com/special/wdji29.php

    http://www.mrci.com/special/wspi29.php

    rotrot
    October 19, 2012

    “…still looking for a trend trade bottom in November (US election week or the following week)…” – Friday, November 9 or Monday, November 12?

    • Anthony
      October 24, 2012

      Thanks for your valuable input Rotrot, hope you stick around.

      Anthony

    • apanalis
      October 24, 2012

      rotrot, curious coincidences, the dates includes, 31may29 dropped 10% and 3sep29 the top. The difference 33% to the top from 31 may29.I´m not contemplating this scenario, but the thouth is that 100 years ago made the same movements than today.

    • Anthony
      October 24, 2012

      Cute dog Gannman 😉

  28. ZigZag
    October 24, 2012

    The daily “mystery” chart closed below support today and is showing alignment around election time.

    http://tinyurl.com/9rgvljq

    • Anthony
      October 24, 2012

      Great work ZigZag

      • ZigZag
        October 24, 2012

        Thanks buddy 🙂

        • Anthony
          October 24, 2012

          As per the latest roadmap that 04/05 Nov would be a peak then more downside into 11/12 November where we should find a low.

          • Anonymous
            October 24, 2012

            Anthony, I too have a turn date of Nov 12th, but it may be a minor turn whereas the turn around Nov 1st is a major turn…. could it be that we see a low around 30-Nov 1st, then a crest around the 4/5th, but the low around the 11/12th be a higher low, that is what is showing on a chart I have…???

            • Anthony
              October 24, 2012

              Karen

              Thats unlikely the current dominant cycle is showing that the 01 Nov is a low moving into a peak on the 05 November before dropping into 11 November which is a lower low imho.

              The critical point is what happens at the end of October whether that is a low or a high will define which cycle is the most dominant into early November.

              My bets are on a 31/01 low and a 04 November high.

  29. centsabletrader
    October 23, 2012

    Hey Platty,
    A while back you and Anthony were going back and forth about 1400 SPX being a bottom, maybe 1390 – 1400. How do you see it now?

    • platypusfoot
      October 24, 2012

      I was wrong!

  30. Rezito
    October 23, 2012

    This was a really strong drop so the first bounce will fail. I sold most of my puts yesterday and will reload on a bounce. I don’t want to go long in a down trend. Looking for 1425ish for a short. I may start shorting at 1420+.

    • centsabletrader
      October 23, 2012

      This may not be the first bounce. It seemed like a pretty strong drop to 1422 and a bounce to 1434. Kind of looks like a quick A, B, C from 1470. Just thought I’d mention it.

  31. simon1080imon
    October 23, 2012

    im doing CIT work and I keep getting the 26th as a bottom or at least the push to higher price levels.. anyone else with me on this one? and then Down from the 31.

    • simon1080imon
      October 23, 2012

      short term bottom that is on the 26th

      • Anthony
        October 24, 2012

        Thanks Simon

    • ZigZag
      October 23, 2012

      Hi Simon,

      I’m with you on that one 🙂 Oct 26th is equal distance from the Sept 14 and Oct 5th highs. Price should reverse on that date.

      • simon1080imon
        October 23, 2012

        ZZ for your master cycle work.. are you using the 10 year pressure data ?
        Any ideas which anthony is using for the road map posted above?

      • Rezito
        October 24, 2012

        ZZ
        Earlier you had mentioned that you’re looking for Oct 30-31 as the high but your comment above says Oct 26? Also if you’re looking for a drop all the way on Nov 8 why would you cover your shorts by Nov 2?
        TIA

        • ZigZag
          October 24, 2012

          Hi Rezito,

          We’re only talking about a couple of days difference. Sometimes I can nail the exact day and sometimes it’s a couple of days off, plus I have such a nice profit from shorting the Oct 5th peak that I’m getting an itchy trigger finger now 🙂

          Just have to watch how price reacts when we hit these. My longer symmetry points Nov 8th, but I have no idea how the market is going to react after election night. At some point here in November we have to start looking at going long again.

          • Rezito
            October 24, 2012

            Thanks ZigZag.
            Actually that’s 4-5 trading days 🙂
            I can see why you may want to exit the shorts early given the nice profits…congrats, I guess I’m a bit greedy now 😀

            • ZigZag
              October 24, 2012

              Hi Rezito,

              Oops, I was using the fuzzy math and not counting the actual day it hits 🙂 The 26th to the 30th is a couple of trading days and the 2nd is a couple of days from the election. That’s how my brain calculated those LOL

  32. Tim
    October 23, 2012

    Not there yet don’t under estimate a weak market the lower it goes the weaker it gets.

    • Beetlejuice
      October 23, 2012

      Tim I’m with you buddy. Sure folks we are going to get a bounce at some point but let’s look at the three main index’s.
      Of the three only one has clearly broken the long term trend from last October. The DOW and S&P are threatening to do so.
      I would suggest since the former has been leading us down then the others will almost certainly follow suit very soon and if that be the case then a panic sell-off will likely unfold.

      I am holding shorts and will hold until I see capitulation.and reversal day.

      Cheers

  33. testy99
    October 23, 2012

    My 2 cents…i think you still have 2 or 3 days lower before it bounces back up….IMO.

  34. Stockboom
    October 23, 2012

    Anthony, ZZ, Platy

    I need your help in filter out different views, I follow three of you so rely more on your call, do you think we are close to bottom and may see rebound in next few days and that rebound would be close to 1440?

    Not hang you if this doesn’t materialized! 🙂 LOL, but want some assurance for my own chart reading…that’s all.

    • platypusfoot
      October 23, 2012

      I think so SB. I wasn’t going to publish this but I took a long on /ym at the close today with stop at today’s low. Still keeping my /es short through November but figured I’d try to profit a little off the bounce. If I’m wrong not big loss.

      If we do get a bounce I don’t know how high it will go. I suppose I’ll take profit when Anthony goes short next. 🙂

      • Anthony
        October 23, 2012

        Good luck with the trade Platy 🙂

  35. Karen
    October 23, 2012

    I’ll be watching the dollar also, I see 5 waves up, so could indicate a pullback starting today or tomorrow then another leg up to test the 200dma around 80.60 on the daily? I want to see if we hit resistance there…

  36. SS76
    October 23, 2012

    Demark is suggesting that we will have 1478 – 1485 in the next 10 to 12 days.

    • Karen
      October 23, 2012

      SS76
      Demark is not good at his timing….a few days off and you can miss a down or up move. We have a critical reversal date of Nov 1st (+/- 3 tdays) so we are not there yet….

      I have a turn date of this Thursday, so tomorrow could send us lower before a bounce…just want you to consider that….but we could see more downside next week…

      • SS76
        October 23, 2012

        Thank you Karen. Would you agree that the downside here is limited? What price targets do you have in mind for the low, and then the high in to Friday?

        • Karen
          October 23, 2012

          Well, my original price target was on the Dow of around 12,900-13,000 for a trough, it can always go lower, but it has support in that area…

          SPX could have support around 1380-1390. It’s possible we could be tracing out an ending diagonal on both SPX and Dow.

          In terms of the daily bounces, I don’t know…but I will watch the technicals when we do get into the timing of the reversal and the price levels I am looking for to see if we are getting some support….

          • steventrees
            October 23, 2012

            Karen~ Dow, SPX, Nasdaq, Russel2000 ~which one do you think have more room to downside into Nov, than others? today Dow seems the weakest~

            • Karen
              October 23, 2012

              I really can’t answer that, depends on what you are trading, options, etfs?? SPY options best to trade since levels are easier to follow… it’s levered, but can wipe you out too…

              At this point, I am neutral….looking to go long when we see a final low…I have a lot of money in my IRA’s, so it takes 3 days to clear funds before I can trade again…so I can’t change direction in these accounts on a dime….if I am fully invested in a direction.

              I am watching IWM…today IWM outperformed on the upside, so even IF we see a lower low tomorrow on SPX, IWM may see a higher low.

              The main reason I am watching is because the wave count looks pretty well defined. I am seeing that “potentially we could have done an AB, then 1 and 2 and we look to have just completed 3 today…wave 4 can fool you into thinking the bottom is in, but it looks like one more wave down on pos d, and I will be going long…

  37. SS76
    October 23, 2012

    Ok, I think this market will reverse higher by 2:30……going to go “long” here SPX at 1414, target 1434

  38. Peggy Mateer
    October 23, 2012

    spx low 1407.56 (planetary price = 1407)

    higher planetary prices (just in case):

    1416.5
    1421
    1423-24
    1426*

    • centsabletrader
      October 23, 2012

      Cycles are a little strange. Direction of up always begs the question “Up from where?”
      Anthony was looking for a 30 pt up. This might be up from 1407.68 SPX which would be 1437.
      Should be interesting to see.

      • tfinavia
        October 23, 2012

        I would say go long today and tomorrow until Tuesday. Good luck to everyone and Kudos to all who are time trading!

  39. Klaas
    October 23, 2012

    Has anyone the guts to go long ??

    • testy99
      October 23, 2012

      If someone does, then they should wear a diaper just in case. 🙂

    • centsabletrader
      October 23, 2012

      Hi Klaas,
      Check out pindar13 about half way up.

      “its a fake print! … 145.98 SPY’s may be where the market bounces to…”

      This would still be at the upper end of the range. Deffinitly make a BIG Tuesday.

  40. SS76
    October 23, 2012

    seems to just be sitting again…..1410…..drop next?

    • SS76
      October 23, 2012

      that would be ideal, gonna wait till 1403 before I do anything…thanks testy.

      • Anthony
        October 23, 2012

        Target hit in cash.

        • SS76
          October 23, 2012

          Nice trade Anthony.

      • testy99
        October 23, 2012

        Once we broke down from 1419-1422, then there was a lot of trading air all the way down to the Fib of 1398-1403 unless it recaptures 1419-1422. It needs a few days to settle down IMO otherwise we are truly gambling in this current air pocket.

  41. apanalis
    October 23, 2012

    Here we go: target DOW> 12.000-11.700 first bearish impulse from top 2009-2012

    • steventrees
      October 23, 2012

      When will Dow 12.000-11.700 happen?

      • apanalis
        October 23, 2012

        I think from now to november12, -mid nov12?

        • apanalis
          October 23, 2012

          Next target 2013> DOW> 8.500-9.000 might be may13-ago13 (around a double bottom), -0,618 ( a liitle more this time) from 2009 to 2012.

          • Karen
            October 23, 2012

            apanalis, as you know ZZ is expecting a trough around beg of Nov, and so am I. So prices could head higher into his turn date of Jan 7-12. I think it could top out as early as Dec 24th. So we most likely go back to test the 13,626 price on the Dow, and maybe a little higher?? Don’t know the ultimate top, but I don’t think we will see Dow 8,000-8,500 until 2014….

            • apanalis
              October 23, 2012

              I don´t think so, after this drop to 12.000-11.700 we must see a rebound, might be 12.500+- at most, first must see the level of the current drop and valuate the rebound, but never see new highs in DOW, nor SP500, nor Russell2000, nor Wilshire5000, nor Nasdaq, nor Dow Jones Transport.

              Cycle is over for me and have been slowing too much, this movement should have done in july or ago12.

              It,s my view, i have explained from weeks ago.

              In cycles of 17 years of this kind of roofs, after a decline in the 9th year from the 1st peak about the 50% 2-3 years of a `dramatic´ advance about 100%.

              I expected the 1st bottom in 2012, but must wait into 2013, next double bottom near 8.000-8.500 in 2014-15 or 16, for this must wait, before we should see a big ascension about more of 0,618.

              It´s a design more than 100 years in DOW, even more, cycles of 90-100 years, 300 years, and the small one of 17 years.

  42. ZigZag
    October 23, 2012

    Turned on candlesticks from previous chart….and Jumpin’ Jack Flash it’s in the zone. 🙂

    http://tinyurl.com/9s8x6bn

    http://tinyurl.com/7z737y5

    • platypusfoot
      October 23, 2012

      This is a freaky movie.
      http://www.imdb.com/title/tt0481369/

      • ZigZag
        October 23, 2012

        LOL! Yes, freakier than that number 9 movie 🙂

    • guelph1
      October 23, 2012

      Thanks again zz
      You rock
      Are you expecting a bounce from here?
      How many days do you expect for a bounce?
      Thanks

      • ZigZag
        October 23, 2012

        Thanks guelph1 🙂

        If we can hold the low today, the next date I’m hitting is sometime around halloween for another peak before possibly testing the low again close to the election.

        • guelph1
          October 23, 2012

          awesome, thanks again zz

    • steventrees
      October 23, 2012

      Thanks ZZ, so the vertical blue line on Oct 30~31 will be next small top? then drop rapidly down to election date right?

      • ZigZag
        October 23, 2012

        Hi Steve,

        That’s what it’s looking like. I have multiple short term cycles that are hitting close to those dates too, so perhaps that’s our next peak before the election low. Depending on how it goes, I’ll likely cover all the rest of my shorts by Nov 2nd.

        • steventrees
          October 23, 2012

          ZZ~Thanks for your reply

      • steventrees
        October 23, 2012

        ZZ~I was a little bit confused on your chart,the vertical blue line from Aug 13 to Sep 21 is LOW to HIGH, so the Sep 21 to Oct 30~31 will be HIGH to LOW?

        • ZigZag
          October 23, 2012

          Hi Steve,

          Each vertical line was from different points on this particular chart so they’re each separate from each other. I just zoomed in to show where price could go in the time frame we had. Does that make sense? I wouldn’t make a good teacher lol

          • steventrees
            October 23, 2012

            I got it, thanks ZZ~You could be not a Good Teacher, but definitly a Great Master~lol

            • ZigZag
              October 23, 2012

              LOL! Thanks 🙂

  43. SS76
    October 23, 2012

    very tempted to buy this dip……….someone talk me out of it? not sure there is much downside left on this leg, perhaps though the 200dma target happens after a bounce back to previous support of 1422 – 1424?

    • testy99
      October 23, 2012

      IMO…I would suggest you wait for the fib retrace level of 1398-1403 roughly….1410 looks like a weak holding area IMO….

      • SS76
        October 23, 2012

        Thanks Testy

      • testy99
        October 23, 2012

        From a strong support line I see 1390 for those that are less aggressive but there should be some sort of bounce at the Fib line of 1398-1403….

    • Beetlejuice
      October 23, 2012

      SS76 Why in hell would you go long this market????

      • SS76
        October 23, 2012

        this is a whipsaw type market and I am looking for the bounce to reshort….recoup some of my losses from this downturn on the bounce, and then short the bounce as Anthony suggested. Going “long” is probably the wrong term.

    • Rezito
      October 23, 2012

      I was also very tempted to go long but front running in this market can be painful.

  44. Karen
    October 23, 2012

    There were two turns this week, Tuesday and Thursday, so we could see a bottom form likely on Weds and possibly bounce on Thursday…I think that we may see a bottom form close to the critical reversal date of Nov 1st, so could end up being Oct 30-Nov 5th or so…

  45. ZigZag
    October 23, 2012

    Covered one short batch only. Letting the rest ride.

    • Rezito
      October 23, 2012

      Thanks Ziggy!!

  46. Rezito
    October 23, 2012

    Hi ZigZag,

    Thanks for the updated correlation chart above. Is that Oct 23rd as a short term bottom and a bounce?

    • ZigZag
      October 23, 2012

      Hi Rezito,

      It says Oct 24. But it’s likely today.

  47. ZigZag
    October 23, 2012

    We’re darn close to that target on this chart that I posted on the 10th.

    http://tinyurl.com/943cqbk

    • Anthony
      October 23, 2012

      Nice target 😉

      • ZigZag
        October 23, 2012

        Thanks mate 🙂

  48. ZigZag
    October 23, 2012

    I’m thinking we might form a double bottom around election time and if we see a bounce after the election, then the next selloff soon after will surprise many imo.

    Back to my boat 😉

    • kygold61
      October 23, 2012

      ZZ, Have you changed your outlook as the longer term chart you’ve posted in the past showed a bottom on Nov. 8 and then a rally to Jan. 8?

      • ZigZag
        October 23, 2012

        Hi, kygold61

        No, we’re still on track. Hard to get the exact day, but I think the low will be a bit before Nov 8th. After that, we’ll have to wait and see what they do heading towards early Jan.

  49. SS76
    October 23, 2012

    Is this it? Seems to be sitting right on support….have a nagging feeling its going to turn higher.

    • Anthony
      October 23, 2012

      That’s how its made to feel. Patience.

      • SS76
        October 23, 2012

        thank you…..really. Patience is a virtue.

  50. ZigZag
    October 23, 2012

    I might cover one short batch only today and let the rest ride from Oct 5th. Should still continue to see weakness till election day.

    Meow 🙂
    http://tinyurl.com/8tkzlyk

    • SS76
      October 23, 2012

      I HATE YOU….well not really. You are just good.

      • ZigZag
        October 23, 2012

        lol 🙂

    • platypusfoot
      October 23, 2012

      Nice ZZ!

      • ZigZag
        October 23, 2012

        Thanks Platy 🙂

  51. Karen
    October 23, 2012

    My original prognosis is that the market would turn down on Tuesday into Wednesday, and turn up Thursday, I should have stuck with that….

  52. Peggy Mateer
    October 23, 2012

    yes 10/25.

  53. SS76
    October 23, 2012

    Pindar, Karen, Klaas, Rotrot, as per the Complex topping pattern thread had Oct 22nd as a CIT date…..unfortunately that didn’t pan out as today has continued downward but I hada thought the way the market rallied into the close, that indeed the CIT would happen. Hopefully it was just a day off.

    Peggy, I think you had Oct 25th as a CIT?

  54. SS76
    October 23, 2012

    1411 ES is a key level….breaks that and it is probably safe to go short, although at this point I’ll sell the open and wait.

  55. Anthony
    October 23, 2012

    Hi Peggy, this kind of confirms what SS76 was querying that these things take a turn overnight, which is in my trading day. Thanks very much for including the ES levels.

  56. Peggy Mateer
    October 23, 2012

    market turned yesterday on es planetary prices –
    1416.5 (low)
    1433 (overnight high)

    compx doesn’t trade overnight so I’m going to include es prices as well. compx important planetary price at 3001 did not hold (as I mentioned on Friday) which predicted lower prices ahead.

    compx:

    2989
    2982-84
    2971
    2968
    2966*
    2962-63
    2958

    es:
    1416.5
    1410
    1407
    1403
    1401
    1399
    1397.5
    1391
    1388

  57. Anthony
    October 23, 2012

    Like RotRot said today is going to be a big day i wouldnt be surprised to see 13050 on the Dow Jones

    • SS76
      October 23, 2012

      wow, that would mean another 200 point drop from the negative futures…..for the s&p, would you recommend selling at the open any longs and waiting until a clear bottom has been painted?

      • Anthony
        October 23, 2012

        Definitely.

    • Beetlejuice
      October 23, 2012

      I wouldn’t be surprised to see a test of the 200dma in the DOW and a bounce off that for a day or so before continuing the descent.
      That would give us a drop of about 380 at the lows.

      Cheers buddy.

      • Anthony
        October 23, 2012

        Yep short the bounce into mid November

  58. testy99
    October 23, 2012

    it seems when a thread reaches close to 300 posts…it starts to slow down and become erratic…at least for me it does…

    • Anthony
      October 23, 2012

      No problems here, what are your pc specs?

      • SS76
        October 23, 2012

        I have the same problems at work , but not at home. Perhaps testy you are using an older browser. That is my issue at work and the formatting/scrolling is a major issue with this blog. At home using Google chrome, no issues.

        • Anthony
          October 23, 2012

          Yeah chrome is fine. IE sucks.

          • Anthony
            October 23, 2012

            Shouldnt you be working at “work”. They dont call it “surf”

            • SS76
              October 23, 2012

              hahaha, ya, should be.

      • testy99
        October 23, 2012

        2.5 ghz quad core with 8gb RAM….it’s not horrible but i do notice it slowing down when the message count gets high….

        • Anthony
          October 23, 2012

          Everyone pedal faster!!!!!!

  59. SS76
    October 23, 2012

    multiple posters posted that today is a CIT date for them……hope so, perhaps today is bottom with next high on Thursday….

    • Anthony
      October 23, 2012

      At this rate our low could be Thursday/Friday

  60. SS76
    October 23, 2012

    Anthony, I am sure I am not alone in what I am about to say, however your current position/outlook is great. That said, you are trading when the market is closed, and that is of no use to most of us. Glad you got out break even/minimal loss but those of us who trade during market hours are not able to do so. Anyways, just my opinion, and perhaps I am alone on that although judging by the posters I see here, I don’t think so. Anyways, the info is still valuable and Rotrot, I think your last post said it best. However when 1422 held yesterday and the SPX was brought green into the close, it seemed as though the short term bottom was in, and today’s BIG day would be a big UP day..

    • Anthony
      October 23, 2012

      SS76

      Apart from recommending that i move to the US, what else could you suggest that may help you out?

      • SS76
        October 23, 2012

        lol, not sure. Guess thats not an option eh

  61. Anthony
    October 23, 2012

    Thanks as always for your valuable input Rotrot

  62. rotrot
    October 23, 2012

    “Change-In-Trend” is the title of this blog and is worthy of consideration by the readers and posters…the intermediate trend is confirmed down…who can truly master the daily squiggles and wiggles? Identify the prevailing trend and go with it…the trend is your friend!

    P.S. Yesterday the indices closed in the green.

    rotrot
    October 19, 2012

    the close is key…if Monday closes in the red then expect Tuesday to be up…DO NOT intend to trade long until the current down trend bottoms…good luck if you attempt to finesse the daily squiggles and wiggles…

    rotrot
    October 19, 2012

    if Monday is a low then I expect an up day on Tuesday…however, I plan to hold the position established on September 24/25 until the week of the US election or the week after…good luck with your trading…

    rotrot
    October 19, 2012

    NDX trend remains down…NDX daily trading chart is exhibiting signs of a positive divergence…however, SPX daily trading chart causes me to believe that the short term bottom might not occur until Monday…expect Tuesday to be a BIG day…good luck with your trading…

  63. testy99
    October 23, 2012

    futures are down quite a bit as indicated….if the market opens with such a gap…do we think it will fill it today before moving continuing lower or higher…

    • testy99
      October 23, 2012

      wow..futures at 1411-1415 as of 7et….u guess they didn’t like the debate last night…:)

      • Beetlejuice
        October 23, 2012

        Testy blame whatever you like. Spanish downgrades, bad earnings????….Timers knew it was going to happen regardless.

        • SS76
          October 23, 2012

          beetlejuice, you are absolutely correct.

  64. Beetlejuice
    October 23, 2012

    Good call on silver Platy

    • platypusfoot
      October 23, 2012

      Thank you Beetlejuice 🙂

  65. Beetlejuice
    October 23, 2012

    Unless i have bad data the DOW is set to open down about 110pts and I still believe we have the makings of a massive panic in the next two weeks

  66. testy99
    October 23, 2012

    the ‘current positions’ section continues to be very valuable for a quick status…It’s clear, concise and timely. thanks team.

  67. Anthony
    October 23, 2012

    Pretty quiet here today

  68. ZigZag
    October 22, 2012

    Hi Pindar,

    No, I am moving my stop down to just above my October 5th short date. Will probably cover if it’s hit intra-day. I’ll either lose a tiny bit, or make a lot 🙂

    Okay, back to my boat 😉

    https://changeintrend.wordpress.com/current-positionoutlook/

  69. Klaas
    October 22, 2012

    There we have the 1424

  70. Anonymous
    October 22, 2012

    Anthony, damn good call at 1429. Now moving up. Solid, just admirable.

    • SS76
      October 22, 2012

      anonymous was me, ss76

      • Anthony
        October 22, 2012

        Thanks SS76 had to suffer a bit of drawdown but she came good, she bounced at my lower target of 1422-1424

        • SS76
          October 22, 2012

          Yup, in the end she did

  71. Peggy Mateer
    October 22, 2012

    compx has been leading. s/r for today:

    2982-84
    2989
    2998
    3001-02
    3012
    3016
    3025
    3032*
    3035
    3039

    I’m expecting a bounce to 3032. fwiw.

    • Anthony
      October 22, 2012

      Thanks Peggy 🙂

    • Peggy Mateer
      October 22, 2012

      lower support:
      2971
      2968
      2965-66*

  72. Anonymous
    October 22, 2012

    “Hike to the Top”…the title of this thread might be causing some readers a bit of confusion (consciously or subconsciously)…how about “the drop into November” or something else that conveys the current state of the market…

    • rotrot
      October 22, 2012

      sorry…don’t know what happened re my log in…

      Anonymous = rotrot
      October 22, 2012

      “Hike to the Top”…the title of this thread might be causing some readers a bit of confusion (consciously or subconsciously)…how about “the drop into November” or something else that conveys the current state of the market…

  73. centsabletrader
    October 22, 2012

    Anthony,
    Question: Your numbers seem to go with SPX cash (Road map, charts, SPY cash)and Peggy does her projections in ES futures.
    On Friday, SPX closed @ 1433.19 the ES @1424, over 9 pts apart. In a less active market it is usually 5 pts, depending on how close to delivery the futures are. If SPX cash goes to 1421 the ES will go approximatly to 1417.
    Which one is the bounce doesn’t matter to me, I try not to play it that close, I am just looking for direction. But, does this spread in numbers mean anything to you?

    • Jason
      October 22, 2012

      Hi Cents,
      The SPX closing is at 4:00 but the ES closes at 4:15. On Friday, the ES continued to decline till 4:15 hence the greater difference in price. I think right now, the cash and December ES contract are about 4.5 points apart.
      Jason

      • centsabletrader
        October 22, 2012

        Cash trades about 6 1/2 hrs a day, ES trades about 23 hrs. “right now” seems relevant about 6 1/2 hrs a day. I have heard that CFDs and other leveraged intruments trade 24 / 7. I know there are other market makers out there, but how they do it without either ES or cash trading is a little puzzling to me.
        The broader cents of my question was target prices and bounce price / target. If one were projected in SPX cash and one in ES, they might be different and I think bounce timeing is more important than price.
        I might be waiting for a bounce target by one measure and the bounce already happened by another measure.
        Bounce timing has more to do with direction than anything else, and direction is the primary focus.

  74. Karen
    October 22, 2012

    Without looking at my charts, there are two turn dates this week, Tuesday and Thursday…Wednesday looks negative, so it looks like Tuesday could turn down into Wednesday, then we could get a bounce Thursday, but the following week looks negative starting with Monday the 29th.

    Looking at the chart: Monday looks like it tests the lows or has another low early in the day, then we get a bounce, then down on Tuesday into Wednesday, then bounce on Thurs a little, don’t know what Friday does, can’t see it yet.

    There is a critical reversal period around Nov 1st, can extend to Nov 5th. This can accelerate the markets lower, or it will reverse back up. I am assuming it will reverse back up within this time period. We’ll see….

    • Anthony
      October 22, 2012

      Hi Karen, thanks for this.

      Im seeing lower Monday up into Tuesday/Wednesday, down into Thusday/Friday.

      Im looking for a significant high around 29/30 with a move down into 04/05 November

      Depending on how high we move up into Tuesday/Wedneday im going to be shorting it.

      Its certainly choppy.

      • Karen
        October 22, 2012

        Agreed Anthony, looks like a low this morning…wave count looks complete. So are you seeing a higher low on the pullback on Thurs/Fri, then higher on the 29/30?

  75. beetlejuice
    October 20, 2012

    Some of you may remember that I posted the weekly chart of the VIX a week or so back that had what looked like an unfolding fractal. So how is it going?
    VIX looks ready to explode higher from here and given that ugly ugly sharp pointed wedge pattern that has emerged on the S&P and DOW that is within inches of breaking the lower October 2011 uptrend, I think we are about to see an unfolding panic.
    http://stockcharts.com/h-sc/ui?s=$SPX&p=W&b=5&g=0&id=p30746429467

    http://stockcharts.com/h-sc/ui?s=$VIX&p=W&b=5&g=0&id=p18982635798

    • Tim
      October 20, 2012

      Time to be vigilant and have an open mind.

  76. Tim
    October 20, 2012

    Have followed most of the posts here over the past week, interesting perspectives on all accounts I must say. A bit of advice for anyone here, the market is in a such a position along with the current astrological aspects, which could produce some of the wildest swings some may not be custom to. A good piece of advice to take into account is, when the market decides to move in one direction or another it is very likely to be unforgiving and or very profitable. As for myself am not a daily forecaster and could care less about picking absolute tops and bottoms as long as profits are going into the account on a regular basis is of all concern. When was first taught how to trade the mentor described it this way Amateurs demand perfection, Professionals get results. Happy trading everyone and keep an open mind in the current market.

    • Anthony
      October 20, 2012

      Thanks Tim

      Yes agreed there are some wild swings ahead designed to shake people off the ride down. The best thing for the less experienced investors is sell into strength next week keep stops loose and turn off.your computer 3-4 weeks.

      • SS76
        October 20, 2012

        I’ve booked marked this post, going to try and live by it for the next 4 weeks.

        • Anthony
          October 20, 2012

          Tim

          You’re right in what you say also about the difference between perfection and profits.

          My winning percentage over the last year has been between 60-70%. Decent but in no way mind blowing. The difference has been that i have no loss greater than my largest win. Infact my winners are generally 2,3,4,5 times my losses.

          Traders with less experience are generally inclined to keep losing positions open. I believe there is a psychological barrier that exists with the concept of loss. Losing is perceived as failure, whilst winning is viewed as success, despite the bottom line.

          Its a hard hurdle to overcome and i think that most of us have been through the hard lessons to reach a point where we respect the only thing that is right and that is the market itself.

          Just my $0.02

          • Tim
            October 20, 2012

            Hi Anthony,

            Well put Sir, it is quite apparent you have a well thought out trading plan and have the discipline to follow it. Past experience has taught me that this is essential if one is to be successful in the markets. Fail to plan, Plan to fail.

          • akr618
            October 20, 2012

            Thanks for the great advice and for this site in general. A question on your strategy: how often do you get whipsawed and how do you go about deciding when/where to reenter when it happens? This is what confuses me and can/has tempted me to hold onto losing positions.

            • Anthony
              October 20, 2012

              Hi Akr

              I think everyone is different but essentially you need screen time. You need to define your resistance/support and also your risk. I have some special rules/techniques that i use for this which is reflected in the levels and channels that i post on this site. The key is getting a good entry and when i say a good entry i mean moving from the larger overbought time frames on a 240/4hr chart or a 3 hour chart down to a 15/5 min chart.

              Once big hint i will give is that indicators like stochastics are not actually price oscillators,they are time oscillators, which is why sometimes they stretch or “indicators become useless”. They are not useless they are just stretching because of time and price can keep moving in a direction until time is up. So when i look at a 3 day stochastic and its overbought this is a signal that time is up. I then use my other techniques to confirm that we are moving into time including my CIT date technique and my roadmaps. I then use my resistance, support for likely entry points, check the oscillators for time, then move downwards through the time frames to the 5min until i can place an entry with a 3-4pt stop. I try to avoid catching a falling knife so i will look for some kind of reaction at a particular support level i will then wait for a retest of this level or a harmonic of that level and then enter. It takes a lot of practice and patience and even now like last week i don’t nail my entries.

              Keep it simple and have a well defined plan. Use the roadmaps, weekly charts for bigger picture to define trend. Move to daily/240/3hr to look for resistance support, move to 15/5min for entry. When you get more experienced you can start playing counter trend moves but for now go with the trend.

              Id also add that you need to trade to the type of person that you are. knowing thyself should be paramount in this game. If you are willing to accept yourself you are willing to accept when you are wrong. if you can do that youll stay alive for longer and the rest is a journey 🙂

              good luck
              Anthony

              ps there are some great traders on this board other than the CIT team, stick around and learn what you can people here are very selfless when it comes to sharing.

              • akr618
                October 20, 2012

                Thanks Anthony, I will study and refer back to all you have explained here. So grateful you and others on this site are willing to share what you have learned and are learning. I feel like like I get another piece of the picture every time I check this blog!

      • Tim
        October 20, 2012

        Hi Anthony,

        Am niether a bull nor bear at this jucture as the main trend off the June low has not turned down yet, am using a downside bias, once conformation is given it will be then when contract position size will increase.

        For some of the not so seasoned traders here if one shorted the Nov Soybean contract back in early September trading off a weekly chart and simply kept moving stops down 1 cent above the previous week’s for the past 7 weeks the profits generated would have been very satisfying. Just an example of just how simple trading can be.

  77. Peggy Mateer
    October 20, 2012

    Thanks. I’ll edit it down if it’s too much.

    • Anthony
      October 20, 2012

      My preference would be a slightly lower close Monday, big rebound on Tuesday then down into 25-26, rebound upto 1st then hammer time again, trending down into mid November.

      • SS76
        October 20, 2012

        how big a rebound you think? Man, I see how you guys do it. In cash until the high probability play is in front of you, or else playing with tight stops. That is my problem, I always feel I have to be invested……

        • Anthony
          October 20, 2012

          Overtrading/hedging – a brokers dream.

        • Anthony
          October 20, 2012

          1450-1452

        • Tim
          October 20, 2012

          SS76,

          This can be a problem simply because at times you will find you are trading against the trend which can take away hard earned profits or breed a loss. I have one simple rule I always stick by, never let a profit turn into a loss. First thing one must decicde on is the time frame in which one wants to trade either daily or weekly (trading plan) then stick with this time frame as long it is within your comfort zone and capital management zone.

          • SS76
            October 21, 2012

            Thank you Tim.

    • platypusfoot
      October 20, 2012

      Keep them coming Peggy, they are very useful!

  78. Peggy Mateer
    October 19, 2012

    next cits:

    10/25
    10/30 and 11/1

    I have two scenarios. I’m leaning towards 10/25 low. Not sure if the cit today was an acceleration of the downtrend which began on the 10/17 cit. I thought it would be a low but it would be unusual for it to run through to Sunday or Monday. confused…

    • Anthony
      October 19, 2012

      Thanks for all your wonderful input today Peggy 🙂

    • ZigZag
      October 20, 2012

      Ditto that 🙂

  79. ZigZag
    October 19, 2012

    Mystery chart update…It does not like that line at all.

    http://tinyurl.com/987yfol

    Have a good weekend everyone.

    • Tim
      October 19, 2012

      Great work ZigZag I see what you have worked out here.

    • Anthony
      October 19, 2012

      Excellent work mate youre in the zone 🙂

      • ZigZag
        October 20, 2012

        Thanks mate 🙂

    • Eris
      October 20, 2012

      Really appreciating your work!

      • ZigZag
        October 20, 2012

        Thanks Eris 🙂

  80. simon1080imon
    October 19, 2012

    Seems to me the Qs are following that original road map better than the SPX

    Take a look

    http://stockcharts.com/h-sc/ui?s=qqq

    • simon1080imon
      October 19, 2012

      What do you think boys? Sure looks like its following that other road map and the one anthony posted above the new one seems to be the spx’s path.

      • ZigZag
        October 19, 2012

        Hi Simon,

        The correlation is basically the COMPQ, INDU and SPX. I like to short INDU and Q’s. Overall, we’re still on track.
        http://tinyurl.com/8tkzlyk

        • investbb
          October 19, 2012

          Hi ZZ

          Thanks for the chart, love it have some date attached at the bottom. Are you planning to continue showing something like this in future?

          Thanks!

  81. SS76
    October 19, 2012

    sold off hard into the close 😦

    • Anthony
      October 19, 2012

      SS76

      Leave the inverse ETFs alone.

  82. Peggy Mateer
    October 19, 2012

    before the open on Sunday there are some interesting transits – it if pulls the market down to 1421-22, 1418-19 – those would be two places to look for a low. I’ll update more over the weekend.

    • lajani1074
      October 19, 2012

      hi all. just want to say thank you to everyone. and have a great weekend. good for me hope the same for everyone!!!!!!!!!!

    • Anthony
      October 19, 2012

      I have similar levels Peggy 1422-1424. Thanks 🙂

      • centsabletrader
        October 22, 2012

        Good call. Seems like your 1422 SPX matches 1418 ES from Peggy.

  83. gannman
    October 19, 2012

    not a fake print thats where its going tuesday mars trine uranus …..my 2 cents

    • Peggy Mateer
      October 19, 2012

      geo mars trine uran was 10/15?

      • gannman
        October 19, 2012

        ditto on that …sorry ..i meant sun trine neptune (illusion )

        • SS76
          October 19, 2012

          Still tuesday though GM?

          • gannman
            October 19, 2012

            fomc meeting begins tuesday ..announcement wed ….might make an attempt to close gap down today one more time early next week then the final kicker will be gdp on friday …………just my 2 cents will pile on shorts if upside gap filled

        • Peggy Mateer
          October 19, 2012

          ah! yes and sun near 0 sat (1479-80) also 120 ceres (1433)… dare I suggest 1373 (0 neptune)? or 180 all of these.

  84. ZigZag
    October 19, 2012

    ZigZag – 10/19 12:23pm: Covered one short batch only! I will look to reload it on any bounce next week.

    https://changeintrend.wordpress.com/current-positionoutlook/

  85. Stockboom
    October 19, 2012

    Monday will be bounce, remember third presidential debate, all last two debates market went high, more then 100 point jump in DOW…I am putting my money for bounce on monday…

    Cheers

  86. SS76
    October 19, 2012

    You mean on Tuesday? I now know that would equal 1460 spx….that would be a dream, but seems far fetched

  87. platypusfoot
    October 19, 2012

    Those things can hang out for weeks without being touched.

  88. Peggy Mateer
    October 19, 2012

    looking now like a little short covering. no go.

  89. Peggy Mateer
    October 19, 2012

    volume looking better! might be the low!

    • platypusfoot
      October 19, 2012

      Looks good! Great job Peggy!

  90. Peggy Mateer
    October 19, 2012

    Ceres compx support broke and I don’t see much to get excited about on this little bounce. my guess is we’re headed lower.

    2998 fixed
    2996 moon near 180 jup
    2988 0 mars

    • SS76
      October 19, 2012

      Peggy, I think the close is important though, as if it bounces into the close, that could change things, although I agree it doesn’t look that promising.

  91. rotrot
    October 19, 2012

    NDX trend remains down…NDX daily trading chart is exhibiting signs of a positive divergence…however, SPX daily trading chart causes me to believe that the short term bottom might not occur until Monday…expect Tuesday to be a BIG day…good luck with your trading…

    rotrot
    October 18, 2012

    NDX daily trading chart followed up on yesterday’s ‘flashing’ signs of weakness with a decisive sell…don’t let the daily squiggles and wiggles get to you…the trend is your friend!

    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…

    • platypusfoot
      October 19, 2012

      Thanks RR! You expect Tuesday to be big up or big down?

      • rotrot
        October 19, 2012

        if Monday is a low then I expect an up day on Tuesday…however, I plan to hold the position established on September 24/25 until the week of the US election or the week after…good luck with your trading…

        • SS76
          October 19, 2012

          A little confused….you said that you expect Tuesday to be a “BIG” day. So if Monday prints lower than todays low, you expect what on Tuesday? 10, 20 point up day? What if Monday is higher by 5 points or so than todays close, then are you expecting Tuesday to be a big down day?

          • rotrot
            October 19, 2012

            the close is key…if Monday closes in the red then expect Tuesday to be up…DO NOT intend to trade long until the current down trend bottoms…good luck if you attempt to finesse the daily squiggles and wiggles…

            • SS76
              October 19, 2012

              Thank you, clear as mud. I have attempted to trade long and hence I’m caught, so looking to get out of it but fear selling today is a mistake. Seems to be picking up in price and volume now….

              • rotrot
                October 19, 2012

                SS76…please see my previous posts (below) regarding my approach to trading…

                rotrot
                September 26, 2012

                pindar13…not a day trader…swing (trend) trading is my approach…there are always counter trend moves…however, the daily squiggles and wiggles are not for me…will stick with yesterday’s daily sell signal until my system signals a buy…good luck with your trading…

                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…

                • Anthony
                  October 20, 2012

                  Great stuff again Rotrot youre really showing your value here on this board, thanks for sharing with us all 🙂

        • platypusfoot
          October 19, 2012

          Thanks RR

    • SS76
      October 19, 2012

      Tuesday? Big UP day I presume?

  92. Stockboom
    October 19, 2012

    Platy,

    On time prespective, do you see any bounce from today into monday? or we are on our way to 1400 straight…

    Thank you

    • platypusfoot
      October 19, 2012

      Anthony is better to ask. Sorry I’m just not good at intermediate plays so I try to stick to the extremes.

      A few talented people here though I think are expecting a bounce Monday.

      • Stockboom
        October 19, 2012

        Thanks Platy, I am in cash right now sold my short around 1438…that’s ok…loss on profit…I can handle, will wait for opportunity…

        • platypusfoot
          October 19, 2012

          Plenty more time for this to play out.

    • SS76
      October 19, 2012

      I’m wondering about the CIT date of Oct 22nd and what the next move is…got caught on this one with my pants down. My fault.

      • platypusfoot
        October 19, 2012

        Who has a CIT date of Oct 22?

        • SS76
          October 19, 2012

          Pindar, Karen, Klaas, Rotrot, as per the Complex topping pattern thread…

    • Anthony
      October 20, 2012

      Stockboom check the summary page. 1422-1424

  93. Peggy Mateer
    October 19, 2012

    compx low 3001.29 – trying to hold the ceres low

    es support:
    1426
    1421 0 jup near 180 moon (familiar?)

    compx support:

    3001-3002 plu/ceres
    2998 fixed
    2996 moon near 180 jup

    • platypusfoot
      October 19, 2012

      These are great Peggy, thanks! 🙂

      • Peggy Mateer
        October 19, 2012

        I’m kind of annoyed. I almost posted yesterday that I expected 1421 to be the low today but it seemed so far-fetched.

    • SS76
      October 19, 2012

      Thank you Peggy. So if I understand you correctly (not great with these planetary stuff), if compx holds the ceres low, you expect a bounce?

      • Peggy Mateer
        October 19, 2012

        yes but it’s very close now. 3001.12 low

  94. apanalis
    October 19, 2012

    Anthony, if there´re two Road Maps, which one we must continue?

    Thanks

    • Anthony
      October 20, 2012

      They are both very similar Apanalis. Were down into November with some short term violent moves to the upside. Keep your stops loose and ride the waves.

  95. apanalis
    October 19, 2012

    platy, the signal of Jupiter-Ceres in NDX can not be recomposed, so can be valid the Jupiter-Mars signal of agoust12?

    From my ignorance, i bet that yes.

    Sorry if i disturb you

    • platypusfoot
      October 19, 2012

      You never disturb me Apanalis 🙂

      Jupiter-Mars was not the top. It’s over just the same as Jupiter-Ceres was not the bottom. I think only Peggy knows the real reason for the top. 🙂

      • apanalis
        October 19, 2012

        Really Peggy knows?

        platy, i´m very insistent, but Jupiter- Mars in 2010-2011-2012 on the tops in each impulse from march09 is very outstanding. What can we do now, wait to 17ago13 to see the last top? You know my cycle and my scenario. is any other advanced signal/ best to see a major top? but you explained that Jupiter-Mars conj. was the outstanding for this cycle.

        Thanks a lot.

  96. SS76
    October 19, 2012

    Pindar, what does 142.75 equate to SPX cash, also, how small a bounce?

  97. simon1080imon
    October 19, 2012

    their taking the market to cleaners today…

    Do you fellas think they break down the head and shoulder formed in the market downwards or is this going to be another fake head and shoulders only to decimate the shorts?

    • SS76
      October 19, 2012

      weird, cause of the 50 dma at 1433 fails here, then we are in for a major drop…right before the election? I have a hard time thinking that is so.

    • platypusfoot
      October 19, 2012

      See Anthony’s chart at the top of the page.

      • SS76
        October 19, 2012

        I did, so straight to 1350 into Oct 22nd? Then does the CIT on Oct 22nd represent a bounce to what in your or Anthony’s opinion?

  98. platypusfoot
    October 19, 2012

    Thanks Pindar, you’ve been calling this pretty well!

    • ZigZag
      October 19, 2012

      Ditto that 🙂

  99. ZigZag
    October 19, 2012

    Hi SS76,

    I really have no clue on price, I’m just a time junkie. I do know that some price folks that I follow were shorting if 1,446 broke. Maybe that’s resistance now?

  100. ZigZag
    October 19, 2012

    Symmetry chart that I posted two days ago.
    http://tinyurl.com/95vpw87

    And today.
    http://tinyurl.com/9qk6cgs

    Gone fishing 😉

    • platypusfoot
      October 19, 2012

      Wha-BAM!

      Nice day on the lake today. 😀

      • ZigZag
        October 19, 2012

        Great day! 🙂

      • SS76
        October 19, 2012

        do either of you see a bounce to 1450 before a resumption of the downward action

        • platypusfoot
          October 19, 2012

          I am not smart enough to play the wiggles.

    • Michael
      October 19, 2012

      ZZ ! You’re like the rolls Royce of the stock market ! While there is chaos everywhere, you just cruise along in style 🙂 Wish I could trade like you but not many can. Keep up the good work buddy

      • ZigZag
        October 19, 2012

        Thanks buddy 🙂

      • ZigZag
        October 19, 2012

        Thanks Pindar. The amount of beer I drink while fishing probably helps too 🙂

        Depending on how the day goes, I might cover one batch today and reload it again on any bounce next week.

        • SS76
          October 19, 2012

          Zig, why don’t I ever just have the discipline you do. I am almost always on the wrong side of the trade. I had HVU but sold it yesterday, switched to HSU and now getting smoked. I really admire your trading.

          • ZigZag
            October 19, 2012

            Hi SS76,

            Follow those symmetry charts and watch what that correlation chart is telling us.

            It’s hard to do especially when it’s going against me sometimes..I like to look at daily and weekly charts for direction. I don’t watch price all that much and use wide stops, which helps. Plenty of beer on hand helps too 🙂

  101. centsabletrader
    October 19, 2012

    Wow, this is a great site. Big thanks CIT team.

    • platypusfoot
      October 19, 2012

      Glad to have you here C 🙂

  102. SS76
    October 19, 2012

    Okay, though on where this drop ends? Not looking like a rebound to 1450 is going to happen

  103. stockyard262
    October 19, 2012

    I believe it was the talented Karen who callled a BIG down today … nice work

    • platypusfoot
      October 19, 2012

      Ditto that!

    • ZigZag
      October 19, 2012

      Excellent Karen!

  104. Peggy Mateer
    October 19, 2012

    lower compx support:
    3022 nept 72 moon
    3016 90 sat
    3013 90 sun
    3012 fixed
    3002 0 plu
    3001 180 ceres
    2998 fixed

    lower es support:

    1228-29 0 Ceres, 180 Plu
    1226 fixed

    • Peggy Mateer
      October 19, 2012

      typo:
      1428-29 0 ceres, 180 plu
      1426 fixed

      • SS76
        October 19, 2012

        Peggy, you have today as a low, up into the 22nd? Want another opportunity to reshort

        • Peggy Mateer
          October 19, 2012

          yes, pretty sure there’s another high – haven’t figured out when yet.

      • Peggy Mateer
        October 19, 2012

        there’s a decent chance of a low at ceres/pluto – for compx that is 3001-02

      • platypusfoot
        October 19, 2012

        Thanks for these Peggy. 1426 may be our hit.

  105. Anthony
    October 19, 2012

    Could be at support here 1442

  106. Peggy Mateer
    October 19, 2012

    lower compx support:

    3032 nep 120 sat
    3028 nep 72 moon
    3025-26 fixed

  107. guelph1
    October 19, 2012

    good morning
    Peggy & Pindar, are you still expecting a low today, possily 1445 & than cit up to a high on Tues?
    thanks

    • guelph1
      October 19, 2012

      awesome, thanks Pindar

    • Peggy Mateer
      October 19, 2012

      yes thinking a low today. I keep posting lower support for compx. I’d be surprised if we go lower than 1433 (es) but I’m watching for signs of a turn and there are none yet.

  108. rotrot
    October 19, 2012

    “…still looking for a trend trade bottom in November (US election week or the following week)…” – Friday, November 9 or Monday, November 12?

    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…

    • Anthony
      October 19, 2012

      Great call Rotrot, well done 🙂

  109. Anthony
    October 19, 2012

    Apanalis

    The road-map is two dominant cycles very similar to each other the added one is more prominent at this point in time.

    I think we our expected decline into 23-25 October is underway. I was expecting higher prices to enter, i was wrong on this account. Will look for a retest of 1450-1451 to get short.

    • SS76
      October 19, 2012

      I take it you’Ll be updating your current plan on the outlook? I have email alerts set up there.

  110. apanalis
    October 19, 2012

    Zig Zag, no target in your shorts ETF? I bet a good travel to 9.000 or less in DOW JONES in less than one year.

    • Anthony
      October 19, 2012

      No Apanalis it wont.

  111. apanalis
    October 19, 2012

    An other thing: The last road map point shorts 18 oct12, how can you expect 1472 or more on friday 19oct12?

  112. Andrea
    October 19, 2012

    Good one, Platy.

    • Andrea
      October 19, 2012

      I mean Pindar. Pardon me.

  113. apanalis
    October 19, 2012

    Anthony, good mix of family, do you understand spanish? The question about the Road Map is which one is valid, the last one or the previous with sharper decline into oct12?

    How often do you updated?

    Gracias, amigo.

  114. Peggy Mateer
    October 19, 2012

    compx approaching 3053 and es approaching 1445 support.
    next compx support:
    3047 180 ven
    3045 90 jup (yesterday’s high was 0 jup)
    3040 fixed
    3036 0 nep

    • SS76
      October 19, 2012

      Thanks Anthony. Thought you might change your position. Getting used to your outlook/current position Page. Thank you!

      Interesting heritage you have! I am born in Canada, parents are from Malta, and an official Manchester United supporter.

      • Anthony
        October 19, 2012

        Well then we would never get on my friend. ;P

        Liverpool FC.

        • SS76
          October 19, 2012

          Ha! Good stuff

      • gannman
        October 19, 2012

        manchester united………….MANU…stocks at 12.35…………..

  115. Peggy Mateer
    October 18, 2012

    I’m listing compx planetary prices for tomorrow – it was the more accurate index today and no wonder… 🙂
    3101 jup 180 moon
    3095 fixed
    3087 jup 144 uran
    3081 fixed
    3073-74 jup 144 uran
    3072 180 sat
    3069 180 sun
    3067 fixed
    3056 0 uran
    3053 fixed

    es/spx:
    1459 90 jup
    1457 90 mars
    1454.5 fixed
    1453 180 nep
    1448 90 merc
    1445 fixed
    1442 180 pluto
    1438 90 sat
    1436 90 sun
    1435.5 fixed
    1433 sat 120 ceres

    I’m looking for a low tomorrow.

    • guelph1
      October 19, 2012

      Thanks all

  116. Peggy Mateer
    October 18, 2012

    fwiw, the next synodic cits:
    10/19 low
    10/25 high
    10/30 low

  117. guelph1
    October 18, 2012

    hi
    a few posters (Karen, Peggy, Pindar) had yesterday as a CIT, today as a low & than a CIT tomorrow to a high on the 22nd. Than a large sell off after that – good call on today. Do you still see tomorrow CIT back up? This would match Anthony’s expectations as well.
    thanks

  118. Peggy Mateer
    October 18, 2012

    now I know why the cboe put/call ratio spiked to 1.60 yesterday am. the boyz knew. 🙂

  119. aiihotline
    October 18, 2012

    Bearish engulfing daily candle so far. 11:52 PST

  120. SS76
    October 18, 2012

    Anthony, adjusting your plan at all? looks unlikely we’ll see 1470+ tomorrow…

    • Anthony
      October 18, 2012

      Sticking to plan.

      • lajani1074
        October 18, 2012

        HEY ANTHONY i feel like vinny barbarino i’m so confused!!!!!! after google smackdown are we still on track. your plan was to short fri around 1472 right no change in that plan. i trade the es so i going to short around 1460-65. thank you

        • testy99
          October 19, 2012

          Hi,
          Anthony has already stated he is sticking to his plan that is posted in the current positions thread.

          • Anthony
            October 19, 2012

            Thank you Testy

          • lajani1074
            October 19, 2012

            thank you testy

        • Anthony
          October 19, 2012

          IF ANYTHING CHANGES IT WILL BE POSTED TO THE CURRENT POSITION PAGE

          • lajani1074
            October 19, 2012

            thank you anthony

            • Anthony
              October 19, 2012

              Hey i could be wrong and the decline has already begun, but ideally id like to see my price targets hit before i enter short.

              • lajani1074
                October 19, 2012

                thank you again. im a bit of a hypochondriac just want to make me sorry !

      • centsabletrader
        October 19, 2012

        I watch you trade. (big brother is watching. Ha Ha) I am learning patience by watching you. I think patience is the most difficult thing to learn.
        Plan your trade… trade your plan. It seems you enter a strong trend late and leave early. Seems like a formula for high probability of success.
        Thanks for letting me watch.

        • Anthony
          October 19, 2012

          Hi centstabletrader

          I would have liked to get in a a higher price, but im in a profitable trade already so one cant complain. Risk management is the most important thing. Trying to nail an exit and entry can be great for the ego until it gets too big that it takes over and loses you money. This game is a marathon and cant be won overnight.

          Patience is the key especially to the short side, good luck!

          • centsabletrader
            October 19, 2012

            I find the short side quicker. So, you’re especially right here. I wonder if patience on exiting a short might work against you.

  121. Tim
    October 18, 2012

    We have reversals on the 60 minute chart and the 4 hour chart need the same for the daily.

  122. rotrot
    October 18, 2012

    NDX daily trading chart followed up on yesterday’s ‘flashing’ signs of weakness with a decisive sell…don’t let the daily squiggles and wiggles get to you…the trend is your friend!

    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…

    • platypusfoot
      October 18, 2012

      That was a nice call Rotrot!

      • lajani1074
        October 18, 2012

        helloooo platy & zz. DO either of you see anything diff today after google. z did you add your last shorts today thank you both

        • ZigZag
          October 19, 2012

          Hi lajani1074,

          Yes, I added my last batch today.

    • Tim
      October 18, 2012

      Rotrot,

      Could not agree more with a meaningful low in the US Dollar. Stocks and commodities are going to get shellacked over the next few months.

      • Mek
        October 18, 2012

        I hope so. Missed the PM run up from Aug lows and would love a chance to load up on my favorite: Silver under $30!

  123. Karen
    October 18, 2012

    Check out FB, announces earnings next week, looks like starting wave iii of 5, could gap down….

  124. platypusfoot
    October 18, 2012

    I’m going fishing.

    • ZigZag
      October 18, 2012

      I’m out in my fishing boat right now. I’ll come and pick you up at your dock. 🙂

      • platypusfoot
        October 18, 2012

        Awesome. Bring worms.

    • Anthony
      October 20, 2012

      Nice short trade Platy at 1455. Well done Precog 🙂

  125. apanalis
    October 18, 2012

    Anthony, the Road Map, is it yours? Gracias

    Another question: This new one is different to the previous one, What modifies the other to the actual, i mean the interesting blue line of the road!

    In the previous we bottomed before and the fall was sharp, now is slower and no so deep.

    How can you take it? Sorry if is a professional secret.

    My target is about 11.700 al least in next weeks in DOW, I thout it w be in oct12, but seein this, may be in nov12.

    Are you the australian boy with rooths in Spain?

    Gracias

    • Anthony
      October 18, 2012

      Hi Apanalis

      I’ve added another strong dominant cycle. So the cycle is now a composite.

      CIT team top secret classified info.

      English born, with Welsh father, Spanish mother, German and Basque grandparents living in Australia. LOL

  126. Tim
    October 18, 2012

    Would like to see the current Mars in Sagittarius Aspect come into play here in fact it may well be in play, only time will give us the answer.

    • Andrea
      October 19, 2012

      I like reading your thought processes, Tim.

  127. Tim
    October 18, 2012

    While there is much work to do on the chart to change the trend, as mentioned earlier when price gets ahead of time the market will react. At best a lower close than yesterday is a positve. Doubtful we will see an outside day here today but yet anything is possible.

  128. Rezito
    October 18, 2012

    I just bought some Dec 85 Deer puts. Man this thing looks very stretched…max target $83.

  129. Karen
    October 18, 2012

    GOOG got hit as expected….

    • platypusfoot
      October 18, 2012

      Excellent!

  130. Peggy Mateer
    October 18, 2012

    compx has not made a higher high than yesterday. currently it’s 0 jupiter planetary price. It’s my understanding that Brad Cowan prefers the compx as a truer indicator of the markets. next prices:
    1309 fixed
    1312 0 ceres 120 sat

    • platypusfoot
      October 18, 2012

      And there it goes!

  131. Taiz
    October 18, 2012

    Hi ZZ,

    Are you moving your stop higher??

    Thanks,

    Taiz

    • ZigZag
      October 18, 2012

      Hi Taiz,

      Stop is a weekly close above Sept 14th and I’m adding my last batch short today. This will put 30% of my portfolio short…My max.

      • Anonymous
        October 18, 2012

        Thanks ZZ

  132. SS76
    October 18, 2012

    Anthony, this is from your outlook/current position page: Anthony – Waiting for higher prices to short into Friday timeframe. Target 1472-1477

    Edit. Added order to sell on limit at 1472. 8pt stop.

    My question is, do you have a time idea of when you expect this drop to happen?

    • Anthony
      October 18, 2012

      Friday is a pretty decent clue.

    • SS76
      October 18, 2012

      LOL, Thanks, but what I meant was do you think it could hang around this level for some time rather than drop soon after?

      • Anthony
        October 18, 2012

        SS76 if im shorting im expecting prices to drop after Friday, i think its pretty clear what i wrote.

  133. Klaas
    October 18, 2012

    big fight bulls and bears here

    • centsabletrader
      October 18, 2012

      Yes, and differing opinions are respected.

    • Tim
      October 18, 2012

      Maybe a better way to put it is “Big fight Fed and Bears here.” Once the Fed is out of ammunition this thing will come crashing down, some of the Commodities markets are already telling us this.

      • centsabletrader
        October 18, 2012

        Yes !! I think this is exactly what is happening. Amazing how the planets predicted this.
        Think of the other side of this thought process. Why doesn’t the market go into the stratosphere? After all, the Fed cannot run out of money therefore any SPX investment is iron clad. Why is there fear? So, what makes Mr. Market go up instead of down, or vis versa? Or, why does the market change direction in certain time frames, sometimes known as cycles? Can the Fed fight this?
        Just asking.

        • Mek
          October 18, 2012

          Very much depends on who wins the election. Obama will keep Helicopter Ben & status quo. Romney will fire Ben & Bernake put will cause market correction.

        • Tim
          October 18, 2012

          Bascially what appears to be the Fed holding this market up with thier policies has an effect but when time is up the trend will change.

  134. platypusfoot
    October 18, 2012

    I’m holding tight my shorts. That topping tail this morning may be telling us something.

    • kygold61
      October 18, 2012

      Platy, I noticed you sold your precious metal longs and are looking to short the metals. Do you have a downside target for price and time?

      • platypusfoot
        October 18, 2012

        I’m not good with price but for time I’m looking at 10/28. I just put on a small silver short.

  135. SS76
    October 18, 2012

    Well, there is the early weakness, now lets see if that translates into a bounce towards 1475 later today/tomorrow..

  136. Rezito
    October 18, 2012

    A really easy way to manage risk is by managing your position size. Every system misses once in a while. If we could predict the market movement every time the game would be over. I usually try to get in late and get out early.

  137. rotrot
    October 18, 2012

    The following does not relate to the posts by the sites hosts: Anthony, ZigZag & Platy…it is a request of the other posters like me who frequent this site…clear, concise, constructive posts make a forum like this viable…before posting a negative comment kindly review your own posts and determine if you have offered anything meaningful…if not, please keep negative comments and opinions to yourself…good luck with your trading…

    • Karen
      October 18, 2012

      I second that rotrot!

  138. Tim
    October 18, 2012

    Hi Anthony,

    While the recent rally has acted more impulsive than corrective upside momentum is waning. Monday we had a 20 point range, Tuesday a 17 point range and yesterday a 11.5 point range. Today trading above 1457 price will be trading ahead of time and if this occurs it normally does not last long before the market will find a balance.

    • Anthony
      October 18, 2012

      Thanks for your input Tim.

  139. ricksbiz
    October 18, 2012

    Hi this is no plug but just rolled my super into ING, you can trade 50 % of your cash on stocks (asx 200 and etf) and costs $180 bucks for admin a year. Any way super is important please make your choice for your situation. Have only got 20 grand so will follow the trends.

  140. Karen
    October 18, 2012

    Thanks Anthony for the update…looking at the market, it’s looking very ominous….

    Does your chart jive with ZZ’s in that there is a secondary high in January?? Thanks!

    • Anthony
      October 18, 2012

      U bet 😉

  141. ricksbiz
    October 18, 2012

    Time to pick up the kids see you all tonight.

    centsabletrader

    Thanks for your feed back on Dr Robert Melillo

    • centsabletrader
      October 18, 2012

      Wow he talks fast. Amazing what he can get in an hour. And its all understandable. He has a way of making it simple.

    • centsabletrader
      October 18, 2012

      This the video ricksbiz is talking about.

      • platypusfoot
        October 18, 2012

        I watched it over the weekend. Interesting stuff!

  142. ricksbiz
    October 18, 2012

    Thank You Anthony

    • Anthony
      October 18, 2012

      No worries mate. IG Markets do an S&P500 cash derivative that trades 24/7. You can speak to a broker and get a custom one setup with your risk appetite or just trade their generic $1 instrument. But again they are risky and not for everyone.

  143. ricksbiz
    October 18, 2012

    You can tell I am new at this have to ask the dumb questions.Thanks for the charts will follow the long term of your charts momentum and find a similar chart to trade in oz that follows those you put up.

  144. ricksbiz
    October 18, 2012

    Hello could you put a new thread every Sunday for new comments please?
    also I am in Australia,Qld is E trade good to trade s&p 500?Have notice it is not cheap to trade in over seas options with all these fees attached !

    • Anthony
      October 18, 2012

      I use IG Markets for S&P500

  145. Peggy Mateer
    October 18, 2012

    planetary prices for tomorrow:

    1445 fixed
    1451.75 ven 90 jup
    1454.5 fixed
    1457 90 mars
    1459 ven and 90 jup
    1464 fixed
    1466 180 uran
    1467-68 sat 120 ceres
    1473.5 fixed
    1474 sun

    • Anthony
      October 18, 2012

      Thanks Peggy. 1474 bingo.

    • Peggy Mateer
      October 18, 2012

      lower planetary prices (just in case):
      1438 90 sat
      1436 90 sun
      1434-35 ven 90 jup
      1433 sat 120 ceres

      syncodic cycle review:
      10/17
      10/19
      10/25
      10/30

  146. ZigZag
    October 18, 2012

    This is usually not the best time to be thinking longer term when I see my “mystery” chart is hitting the top line.

    http://tinyurl.com/cbguclf

    • Anthony
      October 18, 2012

      You tease!! 🙂

      i wouldnt be surprised to see some early weakness which reverses higher to catch out some eager shorts.

    • halukn
      October 18, 2012

      Wonder what the top chart is. New here. Thanks for all the work you guys put out here. Appreciated.

      • Anthony
        October 18, 2012

        Welcome Halukn

        Top chart is the SPYDERS SPY.

        • halukn
          October 18, 2012

          Thanks.

    • curiousmind
      October 18, 2012

      Do you mind explaining the chart a little bit? Do you mean on a longer time frame we should be seeing another low, possibly in 7 months?

      • ZigZag
        October 18, 2012

        Hi CM,

        I don’t know when the next low will be on this particular chart. All I know is it hasn’t been a good spot to be buying longer term. I’ll keep updating this one as it goes.

  147. mike
    October 18, 2012

    Thanks Anthony,

    I think everyone need to understand how to trade in this environment and timeframe. Currently the market is trending up very short-term. The intermediate term is still down into the election until noted otherwise. If you are playing leverage, options, futures, etc. know your outs if things are not going your way. If you are unlevered and you are looking at the big picture, then be like Z and go fishing until something happens otherwise. No one can trade every wiggles on a roadmap perfectly..Just be thankful that there are free roadmaps to help us all navigate.

    thanks again guys…and gals…

    • Anthony
      October 18, 2012

      Thanks Mikey. Youll rarely see me put a trade on with a 10pt stop usually 3-4pts. Look around the web and find someone with this level of risk management.

      This whole game is a marathon not a race. Preservation of capital should be any traders first goal, not making profits.

      • centsabletrader
        October 18, 2012

        Yes, Yes, Yes, The first rule of the game is “Stay in the game”

    • platypusfoot
      October 18, 2012

      Nicely put Mike, thank you.

    • ZigZag
      October 18, 2012

      Well said, thanks Mike.

  148. Anthony
    October 18, 2012

    Ive added another page for current positions and outlooks

    https://changeintrend.wordpress.com/current-positionoutlook/

    • SS76
      October 18, 2012

      Can you restrict posts to only you, platypus, and zz?

      • Anthony
        October 18, 2012

        What do you mean?

        • platypusfoot
          October 18, 2012

          He doesn’t want to have to wade through hundreds of comments to find your trades Anthony!

          • Anthony
            October 18, 2012

            Ah i get it. Bit slow today lol

            SS76 check out the new page

            https://changeintrend.wordpress.com/current-positionoutlook/

            • platypusfoot
              October 18, 2012

              I think that will work Anthony. Muchas gracias.

            • SS76
              October 18, 2012

              Ya, that’s exactly what I meant! Thanks, and advice noted on the vix etf instuments…

      • testy99
        October 18, 2012

        I think he means to ensure that only you, ZZ and Platy can place comments in the new ‘current position thread’ to ensure it’s clear and easy to find without scrolling through tons of comments by others.

        • Anthony
          October 18, 2012

          Yeah thats done. Only we can post there.

          • kygold61
            October 18, 2012

            Anthony, the new current position page is excellent. This will definitely eliminate the confusion.

  149. crisstoff
    October 18, 2012

    Thanks for the update Anthony. This lines up with some short Ts I have ending the 19th. I do however have longer Ts ending 9-12 Nov.
    My Ts are different from ZZ – possibly a better way to describe them is more classical TTheory but that in no way means my are better than ZZ’s either 🙂

    Crisstoff

    • Anthony
      October 18, 2012

      No worries Cristoff. Lets wait for those upside price targets. ZZ is Mr T 🙂

  150. SS76
    October 18, 2012

    Thanks. So I take it you covered your short? What will cause you to reconsider this road map? More specifically price and time….

    • Anthony
      October 18, 2012

      Yes SS76 i covered for a 2pt loss. Will wait for higher prices.

      • SS76
        October 18, 2012

        Okay, thank you! Wish I knew, I went short 1456 via hvu (uvxy equivalent). Now I’m wondering if I should cover on any weakness tomorrow……..

        • Anthony
          October 18, 2012

          Why are you playing with those things. Crikey man.

          SC doesnt know his pitchfork from his tractor.

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