Change-In-Trend

with Anthony, ZigZag & Platy

How Low Can You Go

It seems that we are heading for some high volatility moves. At the moment futures are up and we are likely to retest the cash SPX levels of 1433 and even as high as 1446 before this market is ready to roll over into mid November. That high could come sometime towards the end of the month around the 29/30 October period before we resume the trend down. Its at times like this that i like to shorten the period of my overbought/oversold oscillators like the stochastics to adjust for ob/os readings on smaller time windows, for instance reducing the 14 day stochastic to 3 days. There is also the possibility that this move isnt straight down with the most dominant cycle showing a secondary and lower peak on 4/5 November before the US elections. Im likely to go short on the 29 depending on the testing of the upside targets and then hold this position into mid November.

Once again the 140 (1400 SPX) area remains the line in the sand which if broken could see us accelerate very quickly to the downside. If youre long start to lighten up………

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619 comments on “How Low Can You Go

  1. ricksbiz
    November 30, 2012

    Hi all
    Rickards advises investors to sell assets if they’re sitting on large capital gains because those taxes, now 15%, will rise anywhere from 20% to 40%. “I don’t know where that number will come out but I know it will be higher,” says Rickards.
    (so the 12/31/2012 and 1/ 21/ 2013 could be the start of an up trend due to dept ceiling talks ) (if rickards gets the tax calls correct… i will keep following him)
    I’m posting over here with my L plates on :]

    http://tinyurl.com/ckvuow8

  2. Beetlejuice
    November 25, 2012

    Lets not forget that there area few two things occurring at present that could topple the European markets.
    1) EU budget negotiations
    2) Greek debt deal

    Given that these 27 nations probably find it hard to agree on what to have on the lunch menu, let alone something like a trillion dollar + budget, I would err on the cautious side.

  3. curiousmind
    November 25, 2012

    anyone noticed that dollar retraced exactly 50% of its upmove from 79 (Oct 16) to 81.5 (Nov 15), now at 80.22, I wonder what is next for the dollar…but it seems like there are a lot of dollar bears out there because of QE-finity..who can blame them?

    • ricksbiz
      November 25, 2012

      sorry Anthony will not do that again!

      • James
        November 25, 2012

        TinyURL.com…….enter your long url and it spits out a tiny one for copy and paste.
        Voila…

        • ricksbiz
          November 26, 2012

          Thanks James

  4. Beetlejuice
    November 24, 2012

    Copied the following from another site. As interesting as it is however, I can’t help thinking that the more likely something could happen, the less likely it will.(if that makes sense?)

    Cyclist there is an interesting analogy with 1987 where we had 2 phases:
    March down into April = SnP ~30pts

    August into Sept = SnP ~30pts then in Sept it rallied from solar eclipse bottom into lunar eclipse top and crashed 30%.

    Today in 2012 we have a similar set up:

    May into June = SnP ~140 pts

    October into November (solar eclipse) ~140pts
    If the fractal was to repeat itself we would trace back into lunar eclipse on the 28th and then … fall.

    I am positioning to sell short on 27th if we go up into that date, nothing big. time frame – same as yours into jan 2013.

    What do you think about this set up? Do you have any downside targets for the SnP for dec-jan timeframe?
    Per 1987 30% crash scenario we get ~950pts target on the SnP ..

  5. rotrot
    November 23, 2012

    NDX trend trade system remains up…NASI confirmed the upmove today…unable to post charts at this time…enjoy the weekend…

    rotrot
    November 20, 2012

    Anthony…the initial trend trade system signals sometimes reverse in very short order…utilize NASI, BPNDX, etc, to confirm a change in trend…currently holding off on going long…good luck with your trading…

  6. SS76
    November 23, 2012

    SPX 1475 high to 1343 low last wee is a 50% fib retracment = 1409. Where did we close today? Down she goes next week boys and girls!

    • investbb
      November 23, 2012

      Hi SS

      Not sure if you saw ZZ prediction/forecast, but it looks like we head up to 28th according to his chart is a possibilities. Currently am hard to see us drop much if at all due to all the clown on the network chanting the black friday sale, buy buy buy, doesnt really help drive the market down, so not really sure if we drop on early next week either which may correlate with ZZ chart for early next week.

      Also couple days ago, ES drop a lot due to no deal for Greek and postphone on Monday, but then still rise back up to now high, doesnt make sense at all with how postphone the event is good for the market, but it did bounce back up. Crazy.

      Think monday they will report how many crazy consumer carry bags outside all store during this weekend. Dont know how that work if they claim ton of people is on food stamp, how do these ppl afford to buy anything lol. My co-worker is plan to give family picture that she can take herself as gift for families and friends. Something is not right.

      Thanks!

    • Anonymous
      November 23, 2012

      I agree, we will see 1425 on the emini before a small pullback…

    • testy99
      November 23, 2012

      It may still try to get closer to the 61% Fib retracement level of 1424 before pulling back but I agree that a pullback is due at any time. Next week should result in some type of decent pullback before a good Xmas rally that matches the roadmaps. Everything is starting to line up. Let’s have a great Xmas. The trick is timing as usual with these things.
      I’m guessing Monday or Tuesday will be the peak for this wave before sliding down the rest of this week so be on the look out for the reversal bar. Good luck everyone.

      • karen1650
        November 24, 2012

        Not sure my weekly chart will be correct…this environment is bullish so it is usually useless in a bullish environment…so my medium term chart showed another move up we got today….so if it continues to be correct, may see another high (not far from where we are 1412-1418?) next week….then expect a two legged pullback (abc)…

        Support around 1383-1389, and below that could be 50% retrace around 1376ish…

  7. Michael
    November 23, 2012

    Hi Anthony,

    At what price will you consider reversing your short position ? The move up today was quite relentless

    Thanks

  8. apanalis
    November 23, 2012

    Peggy, with your permission, are you Buffee, who posted in platy´s web months ago? In April12 you show a very right scenario for 2012-2013 that showed new lows in 23rd? nov12 and new lows dec12 18th? and 4th Jan13 highs.

    Since April, it has been very satisfactory!

    Regards

  9. James
    November 23, 2012

    1409-1410 coming up? The 1.414 ext. Manipulation doesn’t get much more blatant than today. Worldwide, the big trading firms have announced about 40K layoffs. And Goldman stock and the broker/dealer index are flying!

  10. testy99
    November 23, 2012

    Hi Anthony,
    Are u planning to add a 2nd short today or r u just holding your existing short until the end of the month? thanks.

    • Anthony
      November 23, 2012

      Hi Testy

      The roadmap shows today as a high therefore I’m still holding but will not add.

  11. Anonymous
    November 23, 2012

    My chart showed an up day today, but didn’t want to mention since it has been so wrong this week…

    The next thing it shows is a possible move down right before close, then possible gap down on monday, down into the 28th or so…can’t see the rest….

    apanalis, I believe this price action is saying the low is in….

    • karen1650
      November 23, 2012

      Sorry, forgot to login…chart comments are from me…

      • apanalis
        November 23, 2012

        My target since summer in DOW is 11.700-12.000. I closed my shorts in 4th jun12 – a drop 8-10%, and after an excursion to 13.600 – I thought the top was about 13.300 and I was short again about 13.000 and my target is still 11.700-12.000-12-14%, after a big rebound, not seeing new highs in no case and a plunge to 9.000-8.500 may13-sep13.

        I´m expecting next year Anthony´s Road Map r to check my scenario.

        If the DOW doesn´t plunge at least the 0,618 from the top after the 3rd pick in a 17 years roof cycle, it could break the canons, the estanderes and platys scenario will take place seeing new higs in may13 or ago-sep13

    • James
      November 23, 2012

      SP pausing at the 1.272 extension. 1418-19 is the 1.618. Also at about .50 retracement. .618 ret. is 1418 area.

    • James
      November 23, 2012

      Some ‘high is in today’ evidence. What kind of high remains to be seen…

      http://tinyurl.com/b4pk2cj

      Lots of junk going into orbit today..and bond prices –not much decline.

      • James
        November 23, 2012

        Low volume holiday period is perfect time for short squeeze. Sharp rallies almost always happen when a topping mkt broadens and rolls over the first time. Talk is that the most shorted Russell 3000 names have way outperformed the less shorted this week. Likely a hedge fund play….

    • Michael
      November 23, 2012

      Went short at the close, I think your chart is right Karen

  12. curiousmind
    November 23, 2012

    Looking at the CIT dates on dollar, Nov 22 (turns out to be a high on Nov 21), so I am guessing the next CIT Nov 24 (might turn out to be today Nov 23) which should mark a low, and that will coincide with the weakness in PMs and equities next week. Especially looking at how the dollar is tanking, feels a lot like a capitulation bottom, look at Eur and Aud, and the way gold and silver shot up vertically, it feels very blow off topish…but heck, what do I know?

    BTW, Anthony, good call on 1404, I wish I had the patience to wait till there to short, been shorting all the way up, oopss 😛 since 1390

    • James
      November 23, 2012

      What do we know? When Wall St puts on a sale, prices are raised. Shop now…no waiting lines.

  13. Peggy Mateer
    November 23, 2012

    Planetary prices for today:

    1407
    1402*
    1397.5
    1396*
    1390*
    1388

    • James
      November 23, 2012

      Reality is temporarily suspended today. The planets are out shopping for new moons.

      • James
        November 23, 2012

        The European currency traders are reassuring us that Europe WILL be fixed…next week.
        So buying the euro helps their exports….how? No…only the symbol matters. 😉

  14. apanalis
    November 23, 2012

    Hi, Anthony, I wrote some words below about the NYMO and my target.

    On the other hand we are expecting your Chart for the next months (2013). Excellent work.

    Last think

    • Anthony
      November 23, 2012

      Hi apanalis

      This will not be available until later in the year.

    • myuniversalworld
      November 23, 2012

      Hi Anthony thanks for posting this article. Looks like your road map on gold is also pointing to a bottom in this coming week. Would you be looking at taking a long position around this time frame. Also what sort of upside target date and price are you looking at going forward with your road map. Thank you, ZZ & Platy for all your great work.

      • Anthony
        November 23, 2012

        Hi MUW

        Im actually thinking about it yes, usually i just play the S&P/Eminis but its looking good for a punt.

        GLD looking at the 172-174 area

        • myuniversalworld
          November 23, 2012

          Thanks Anthony, I agree looks like a good risk reward ratio on this one. I will keep an eye on your trade positions, I am starting to build small long positions around these levels. Have a good week end.

          Cheers

  15. Anthony
    November 23, 2012
    • crisstoff
      November 23, 2012

      Lines up with daily VIX moving back inside bolli bands.

    • aiihotline
      November 23, 2012

      Do you have next turn (up) date and price target?
      Thanks!

      • Anthony
        November 23, 2012

        aii check out the roadmap, should be coming into weakness into late November. No positive divergence of the NYMO so that would suggest a lower low, although others believe that the low is already in.

        • apanalis
          November 23, 2012

          Well seen, Anthony. My target for DOW still 12.000 at least, or more 11.700. Around 12.000 close short positions and only if DOW goes to 11.700 I open long positions in short term.

    • twoblackcrowes
      November 23, 2012

      Thought this was interesting as well…

      Bulls Need To Be Cautious, A Failed Rally Attempt Like May Is Setting Up:
      http://www.chartlearning.com/2012/11/chart-learning-endorsed-click-to-find.html

  16. 100pierre
    November 22, 2012

    happy thanksgiving to everyone and thank you for your unvaluable work, the most friendly forum i came across.

  17. James
    November 22, 2012

    Current state of the world’s economic finance engine:

    • Anthony
      November 22, 2012

      Thanks James, though im not a fan of Zerohedge.

      • James
        November 23, 2012

        Not required. 😉

  18. platypusfoot
    November 22, 2012

    I am really grateful to Anthony for bringing together this wonderful community of talented traders and for everyone’s outstanding contributions here. Have a happy Thanksgiving!!

    • Anthony
      November 23, 2012

      Here, here!

  19. Peggy Mateer
    November 22, 2012

    planetary prices for today:

    1407
    1396*
    1390*
    1388
    1384*

  20. augold
    November 22, 2012

    Happy Thanksgiving Day to all CIT members and their closed ones ,, Happy Feasting ! http://www.screencast.com/t/bsbRmgvYCcv9

    • platypusfoot
      November 22, 2012

      Thank you Augold 🙂

  21. Pal
    November 22, 2012

    Dear ZZ, Anthony, Platy and all, Wishing you a very happy Thanks giving! Have wonderful time with your dearest ones:).
    -Pal

    • platypusfoot
      November 22, 2012

      Thanks Pal 🙂

  22. curiousmind
    November 22, 2012

    looks like there is some stop grabbing in ES land during this low liquidity time..hope you are not one of them…ES high at 1392.45

    • Anthony
      November 22, 2012

      Hi Curious

      Nope im good, factoring in a spillover high into 23rd into the 1404-1406, higher risk trade for sure but well within the boundaries.

  23. Anthony
    November 22, 2012

    Id like to get state side one day and drive across from east to west coast. Zig get that BBQ fired up.

    • ZigZag
      November 22, 2012

      Bring an appetite 🙂

      http://tinyurl.com/d5873st

      • Anthony
        November 22, 2012

        That looks like my ideal caravan………….just needs a bar.

        • ZigZag
          November 22, 2012

          Oh, heck yes! The bar is behind the BBQ..it’s so big I can’t get a picture of it 🙂

          • platypusfoot
            November 22, 2012

            Catching some big fish ZZ?

  24. Beetlejuice
    November 22, 2012

    Wonder how the “spinmeisters” will report black Friday sales this year?

    Remember last year the reports were sales were supposed to be gangbusters only to have cold water poured on the real figures in January. Remember stocks jumped on the early reports.

    Still don’t like the look of the metals complex.

    Happy Thanksgiving to our US counterparts

    • Anthony
      November 22, 2012

      Ice-berg!!!

  25. myuniversalworld
    November 21, 2012

    Sydney Australia

  26. steventrees
    November 21, 2012

    How low can you go? This Goldman said 1250 in end of 2012, and all way up to 1575 in end of 2013.
    http://www.businessinsider.com/goldman-sachs-2013-sp-500-target-2012-10

    • ZigZag
      November 21, 2012

      Hi Steve, The best odds for seeing 1,250 probably won’t be until after January. I do believe that we have a good shot at seeing all time new highs next year.

      Have a great Thanksgiving 🙂

      • steventrees
        November 22, 2012

        Yeah,ZZ,I do agree you guys, I think we are similar to last June, eight weeks correction( now we are on 7th weeks. probably we will have the final leg next week), then we should have 4 weeks bounce into Dec, then drop down forming 3 months bottom on Jan-Mar/2013, like last July-Sep,then we float up. Thanks ZZ, Anthony, Platy and others input data, wish you all have good thanksgiving day, God send~

        • beetlejuice
          November 22, 2012

          I don’t beleve his correction is similar to June. The run up into the April high was much larger. This move has been of greater degree.

          • steventrees
            November 22, 2012

            Beetlejuice: You mean we will have a smaller correction, and then run up to April 2013?

    • Anthony
      November 22, 2012

      That was a pretty timely release dont you think 05 October, so they were saying 1250 by year end, ok so lets expect a year end dip the roadmap is certainly saying we have one, 1250 unlikely, im sure we’ll get some large volatility down days and the world will be ending, we’ll just load up……thanks Goldman.

      Hey Kostin can you please get a wordpress account!!!!

      • steventrees
        November 22, 2012

        Haha, Anthony that’s funny lol~ I expect you guys to beat Kostin up on Dec, If I were the president of Goldman sachs, I will say to Kostin “You are Fired”, then turn to hire you guys to be the Chief U.S. equity strategist. Sorry to Kostin, I make you to lose your high payment job, but you are very welcomed being one of members on this site, maybe Anothy will consider to invite you to be one of bloggers, but make sure not to lead us to the opposite way lol~ Haha, just kidding, I still hope you can work with ZZ, Anthony and Platy on U.S. equity strategy department of Goldman sachs next year lol, and happy thanksgiving day~

        • Anthony
          November 22, 2012

          He’d fail the integrity test………….

    • tfinavia
      November 22, 2012

      Wow, persistently waiting for SPX 1250 since March:
      http://www.businessinsider.com/goldman-sachs-david-kostin-sp-500-target-2012-3

  27. gannman
    November 21, 2012

    just my 2 cents ………..if you enjoyed the turkey ..here comes the gravy….anyways wishing you all a Happy Thanksgiving …………gobble gobble ……Texas …http://www.screencast.com/users/gannman/folders/Default/media/9c68efdd-16bd-4514-83b7-55e6512a2412

    • Michael
      November 21, 2012

      A little interpretation please Gman 🙂

      • James
        November 21, 2012

        MACD sell signals. Histogram declines or goes negative. Needs to be confirmed with close below that bar/candle. More reliable on a daily chart, perhaps. Opposite for up bars/histogram.

    • SS76
      November 21, 2012

      That is so helpful. Thanks. At work, I am unable to replicte these charts since I need to download Microsoft Silverlight, so this is really helpful GM.

    • SS76
      November 21, 2012

      Michael, when the first red bar is printed, that is usually the time to sell, and vice versa when the first green bar is printed. VIX is going to spike by the looks of it, and SPY is going to sell off.

      • Michael
        November 21, 2012

        Thanks guy

      • testy99
        November 21, 2012

        I personally find that only following the first red or green bar is generally late into the swing and thus gives more risk. When used with other indicators, it can be helpful in confirming bigger trends but i still don’t trust it..

    • rotrot
      November 21, 2012

      gannman…appreciate your posts…on Monday my NDX trend trade system signaled a buy…however, looking at some of my other charts caused me to refrain from going long…something does not quite seem ‘right’…my NDX and SPX daily trading charts are exhibiting signs of negative divergence…some sort of ‘correction’ looms in the not to distant future…good luck with your trading…

      • Anthony
        November 21, 2012

        The roadmap would agree with this. Short at the close.

        Brisbane, Australia although Im British from London, England.

        • IHS
          November 21, 2012

          Short today at the close?

          • Anthony
            November 21, 2012

            Yes.

            • IHS
              November 21, 2012

              Man, I did, I agree with you. My stop is at today’s peak. By the way, I bought those books you mentioned, and the ones ZigZag recommended. Many thanks for sharing your knowledge. Have a wonderful Thanksgiving

    • rotrot
      November 21, 2012

      UUP daily trading chart is exhibiting signs of positive divergence…

      • aiihotline
        November 21, 2012

        Yes. I think the next pullback is coming soon. The question is where us the next target. I have 1370 area as IHS (right shoulder) or 1343 (double bottom) or even 1391 area is only a 4th wave top. I will take 1370 than 1343 than anything way below it.

        • James
          November 21, 2012

          Yup, a 5th wave would fit the roadmap. Retest/undercut the recent low. A 9th wave down for NDX. Small problem is– which day was the top? Was it Oct 5 or Oct 18 like the $NYA shows. NYA and TRANS look like wave 2. Questions, questions…. 😉

    • Anthony
      November 21, 2012

      I agree with your analysis Gannman. Thanks for sharing.

    • platypusfoot
      November 21, 2012

      Nice analysis as always GM, thanks for sharing your knowledge here!

    • Anthony
      November 22, 2012

      I cant wait for cheese and crackers, yummo!

  28. SS76
    November 21, 2012

    Ok, I’ve made the switch from NUGT to DUST. Average price now on DUST is $32.06

    • SS76
      November 21, 2012

      oops, I mean $31.06

    • SS76
      November 21, 2012

      GDX just failed a 200 DMA test. Good sign for DUST if that holds.

  29. SS76
    November 21, 2012

    Since its likely to be a quiet day, thought I would start a “where are you from” post. I’ll be the first.

    I’m from Toronto Ontario Canada.

    • twoblackcrowes
      November 21, 2012

      Same here eh!

      • platypusfoot
        November 22, 2012

        Nice pic! 😀

    • Michael
      November 21, 2012

      London, England

      • Rezito
        November 21, 2012

        Toronto Canada

    • karen1650
      November 21, 2012

      Bay Area…near San Francisco in California

      • Rezito
        November 22, 2012

        Karen
        You live in a beautiful area. We’re done our visit to the San fran area. Napa and Sonoma were breath taking. We’re going back to the cold of Toronto.

    • guelph1
      November 21, 2012

      Guelph Ontario Canada
      Happy thanksgiving to all that are celebrating. We had ours in October
      I’m thankfull for this site. Thankyou Anthony, ZZ, Platy, & all other contributors.

    • IHS
      November 21, 2012

      Buenos Aires, Argentina

    • curiousmind
      November 21, 2012

      Vancouver British Columbia, Canada

      • simon1080
        November 21, 2012

        Nice .. I used to live on Beach ave. 🙂 now live in LA

      • platypusfoot
        November 21, 2012

        I was there last week CM! Beautiful city. I’m in California.

    • halukn
      November 21, 2012

      Houston, TX

    • James
      November 21, 2012

      Ashland, southern Oregon

    • aiihotline
      November 21, 2012

      Rainy Portland, Oregon.
      Happy thanksgiving to you all.

    • stockyard262
      November 21, 2012

      currently in Orlando for my daughter’s soccer tourney at Disney, but we live
      in alaBAAMA(spelled for effect)

      • crisstoff
        November 21, 2012

        Napier, New Zealand

    • ZigZag
      November 21, 2012

      Washington State, near Spokane.

      Have a wonderful Thanksgiving, and don’t forget the Dingle Dangle 🙂
      http://tinyurl.com/6sohncz

      • rotrot
        November 21, 2012

        ZigZag…about 20 years ago made a ‘business’ trip to Idaho…flew into Spokane…operated out of a resort on Lake Coeur d’Alene…interacted with some ‘characters’ in the northern portion of the panhandle…interesting trip!

        • ZigZag
          November 21, 2012

          It’s about a 25min drive for me to Coeur d’Alene. It’s the only place where you can be mowing your lawn one day and shoveling snow the next lol! ….Yeah, lots of interesting areas in the panhandle, some places look like a scene from the movie Deliverance….

          Small world 🙂

        • Anthony
          November 21, 2012

          If there were a look sideways then look behind my back smiley, id use it.

    • akr618
      November 22, 2012

      now Arizona…originally North Carolina

  30. Peggy Mateer
    November 21, 2012

    Planetary prices update:

    midday high yesterday at 1386** traded down to yesterday’s 1372** support. Late last night, the 1386-87 resistance ended and support at 1372 and 1374 continued.

    As of this morning, planetary prices are:
    1407
    1397-98**
    1390*
    1388
    1378.5
    1372**
    1369

    Support and resistance (using planetary prices) does shift during the day. I’m trying to provide as much detail as possible. fwiw.

    • Michael
      November 21, 2012

      Thanks Peggy. You usually say these are for ES and SPX, is that the case today ?

  31. Anthony
    November 21, 2012

    Platy thanks for updating December’s dates 🙂

    https://changeintrend.wordpress.com/cit-dates-planet-forecaster/

    • platypusfoot
      November 21, 2012

      🙂

  32. Anthony
    November 21, 2012

    Thanks to Twoblackcrowes who previously posted the link to this chart

  33. Anthony
    November 20, 2012

    On behalf of the Change-In-Trend team we’d just like to wish all of our state side readers a fantastic 2012 thanksgiving. For those who are travelling early interstate to visit friends and family travel safely. We look forward to seeing you back here after the festivities albeit a bit rounder from the turkey.

    Cheers

    • James
      November 21, 2012

      Thanks, Anthony. Cooked a turkey yesterday….may be eating it all week..
      Wet and cold in Oregon, all you have to look forward to is a warm summer ;(

      • Anthony
        November 21, 2012

        Jimbo

        Off-topic

        How do you cook your turkey? My mum always turns it upside down to cook it, apparently its more tender. But then again we are on the underside of the world lol.

        Asides from trading i like cooking. Although not as much as Autonomy’s accountants lol 😈

        Can you see what i did there, back on topic 😉

        • Mike
          November 21, 2012

          have you tried fried turkey? It is very good and extremely juicy. Drawback is you can’t cook the stuffing inside the turkey.

          • apanalis
            November 21, 2012

            From St. Sebastian, north Spain, have a nice day tomorrow. Anthony, in Australia do you celebrate it?

            • James
              November 21, 2012

              Ah…Basque country….nice! I download videos every year from the jazz festival there. I had a good friend once, French Basque– a little crazy and a good surfer. I think he’s moved to Byron Bay/Australia, probably living on the dole. 😉

              • apanalis
                November 21, 2012

                Nice, James, you know this area, the Basque Country in Spain. I think i´m alone in this marvellous page.

                Have a nice day all of you.

                • Anthony
                  November 22, 2012

                  I remember clearly when i was 13 eating grilled Sardines by the river in Portugalete.

            • Anthony
              November 21, 2012

              Australia Day, maybe.

              I don’t really celebrate anything apart from sporting events.

              Christmas’ here are bloody hot and being a pasty Brit i dont complement the sunshine very well which is why im always in front of my computer screen. 🙂

          • James
            November 21, 2012

            Yes, but don’t put a frozen turkey into hot oil. Believe it of not, people have done that and the fire dept. arrives. Only issue is the cost of all the oil needed. Cheap cooking oils can ruin the turkey taste.

        • James
          November 21, 2012

          Brining the turkey is nice. Overnight in a bucket with water to cover and about one half lb. of coarse kosher salt per gallon H20–in a fridge, of course, if it will fit….
          Rinse and dry. I like to separate the skin over the breasts by sliding fingers underneath gently, to create a pouch in which to slide in some whole sprigs of rosemary and thyme. More herbs in the cavity along with some pieces of celery, chunks of onions or whole shallots, and pieces of carrot or parsnip or turnip. Rub the skin with butter and some good salt. A little water in the roasting pan bottom and place the bird breast up. 325 degrees F. See the pkg instructions re: weight and length of time. Or use a meat thermometer– done at 165 degrees F. in the thickest part of the thigh. You can add some potatoes, timed to finish with the bird.
          I don’t do bread/rice/chestnut stuffings…but there’s that. Longer cooking times needed.
          Go for it!! 😉

          • James
            November 21, 2012

            Of course you can just skip the whole brining thing….

          • Anthony
            November 21, 2012

            James if trading doesn’t work out for you, id watch your cooking show.

      • Andrew
        November 21, 2012

        James…….I detect a note of quiet disillusionment! I wish to remind, that you are living in the best country in the world, with citizens that generally share the same value system! Have you not considered joining a church group, take a trip to Seattle,Vancouver, Washington DC (my life’s ambition), attend a baseball match, visit a gallery. The opportunities living in the USA are unsurpassable!! It is a world in one country! Where I come from……. The South African Rand has just touched R9-00 to the greenback.(spare us!). Happy Thanksgiving.

        • James
          November 21, 2012

          Isn’t being dis-illusioned good? More Americans (and others) should try it!

          The opportunities here are not what they used to be, Andrew. Not for young people just leaving school or college. A sort of decrepit cronyism has set in. America has always excelled in selling itself, here and abroad. It was mostly PR. It’s time for the BS to be exposed and, hopefully, dropped. Nobody needs it. The third industrial revolution seems to be about over– and now where to go? There are probably 30 million surplus workers here now. We can’t intelligently discuss or plan how to address this because the vested interests won’t give up anything. Can’t intelligently limit population because of religions’ nonsense. They just want to collect their ‘rent.’ Their response to dislocations so far: create a surveillance state. 30,000 drones on order and billions of rounds of hollow-point ammunition? For ‘public safety’ ? Doesn’t sound like a party to me…or a celebration of life. No, just fear and ignorance. Time for that cycle. 😉

    • SS76
      November 21, 2012

      Thank you, and may God bless you all. I don’t know if you realize how special you people are to be sharing your knowledge for the benefit of many, and you never boast, gloat, always seem humble and grounded. I am surprised at how you’ve managed to keep things so positive, something very rare in blog land and that says a lot about you guys. ZZ, thanks for bringing me here.

      • ZigZag
        November 21, 2012

        Thanks SS76. 🙂

  34. Anthony
    November 20, 2012

    The roadmap is suggesting higher prices into 21st, there is fibonacci resistance of 0.618 between 1406-1404 drawn from June low to Sep high and 02 Nov high to 16 Nov low.

  35. James
    November 20, 2012

    Come-on people, buy some stocks today! Don’t waste your money on holiday gifts…..nice sale on Hewlett Packard today! 😉

    • Andrew
      November 20, 2012

      James, Just a suggestion…….I would very much appreciate if you could review the Gann commodity analysis posted by Zig-Zag today. It appears quite ominous. I pruned certain of my long positions in anticipation that the forecast could transpire sooner than later.

      • James
        November 20, 2012

        Wasn’t he looking for a 60-yr low in commodities this week? What was ominous? Thought you were a metals bull…..
        To me that guy is nuts. Why hasn’t his head exploded? For that matter, Gann must have been nuts to make enough hand charts to fill 2-3 moving vans! Give me a chart or two, some pivot points, trendlines, fib lines, cit dates….enough already!! 😉

        • James
          November 20, 2012

          Nowadays, in the ‘new normal’, all markets are much more highly correlated than when Mr. Gann was around. Is a commodity bull about to start with VIX bouncing on the 15 mark? Flanagan posits an 86% move up (some commod index). 86% up in crude, gasoline, food? That would kill the flat-lining economy needed to support such prices. Not to mention massive social unrest. Not a bet I’d make. Or how about this chart of “risk-off” relative to Europe’s riskiest debt:

          http://www.elliottwave.com/freeupdates/archives/2012/11/12/Europe-s-Return-of-Risky-Debt-Sign-of-Hope-or-Dangerous-Omen.aspx

          • Anthony
            November 20, 2012

            Inflation is exactly what governments want as interest rates are so low, you earn little by saving. The people will be squeezed that little bit more, social unrest, rioting is just part and parcel of this ongoing economic cycle.

            You may want to check out John Hampsons who has written a pertinent piece of analysis for the secular commodities peak due sometime in 2013
            http://solarcycles.net/?s=Forecast+2013+Part

            • James
              November 21, 2012

              Most excellent site. My only thought is that financialization, complexity and interconnectedness may introduce some new, yet-to-be seen curves in those charts. Hopefully brief and not ‘terminal.’

        • Andrew
          November 21, 2012

          James. Thank you for your valued comments. I am indeed a metals bull, but must concede that Mr. Flanagan took the wind out my sails when he points out that crude and silver should take out their former lows of $77 & $29 in keeping with Gann analysis…….. before the next bull market can commence! I am leveraged to the metals, and caution on my part is warranted.Thank you once again. I trust that you will have a lovely Thanksgiving holiday in the US.

          • James
            November 21, 2012

            Ok, you were looking at the short/intermediate term. John Hampson’s site, that Anthony posted, is a good read. The scenario has stocks doing another marginal high and (some) commodities accelerating up sharply to the point where they negatively impact equities, ending the 3.5 year bull. Commodities put in a later top–perhaps similar to the Oct 2007 equity top and the (delayed) 2008 commodity top.

    • ZigZag
      November 21, 2012

      I already did. AAPL paid for my Christmas. 🙂

      Hewlett actually looks close to a cycle low soon.

      • James
        November 21, 2012

        HPQ bonds had a bit of a bad day. Here’s the CDS vs. stock chart. Let’s see what happens…

    • Anthony
      November 21, 2012

      When The Bernank says tank – its time to fill up. I reckon his statement points to more downside volatility ahead before rising sharply.

      This only serves one purpose – more retail selling on the sharp down moves and insider/specialist buying. Will be looking for large volume DOWN days into end of November very early December as per the roadmap. Cheers.

  36. karen1650
    November 20, 2012

    A higher high than 1389 today or tomorrow would obviously be very bullish…

  37. Anonymous
    November 20, 2012

    Could Apple be heading to that January gap at 420-450? Hard to believe, but we may see those levels in the next month or two.

    • James
      November 20, 2012

      Strange….reported trade above 606 today….not shown on some chart/data systems. 606 was .50 retrace….and maybe the skinniest, fastest RH shoulder ever!

  38. karen1650
    November 20, 2012

    That’s right…come to mama….chart shifted by a day, which has been happening…pullback a day late….but look for a possible ABC down…

    • curiousmind
      November 20, 2012

      so after the ABC down today, do you see market move higher tomorrow? BTW, where are we currently in the ABC down, A or C?

      • karen1650
        November 20, 2012

        Today was a possible A, possibly forming B now…

        Looking for another leg down possibly starting tomorrow or Friday….

        There were two turns this week…Mon and Weds…Monday up….Weds could turn down, since 23rd has neg aspects…we’ll see what happens…

    • ratandrea
      November 20, 2012

      LOL, Karen. I say that too—“come to mamma” when I’m talking to stocks.

  39. curiousmind
    November 20, 2012

    looks like Peggy’s call for a mid day high today was very exact, high at 12 noon, now the plunge, quite phenomenal

    • platypusfoot
      November 20, 2012

      Well done Peggy!

  40. apanalis
    November 20, 2012

    Ratio Put/Call: is this the way to an uptrend after a plunge?

    http://www.indexindicators.com/charts/djia-vs-put-call-ratio-equity-1d-sma-params-2y-x-x-x/

  41. James
    November 20, 2012

    OPTION SYSTEM ALERT: because of the HFT invasion of the option markets, any crisis or ‘black swan’ volatility event may result in a complete breakdown of the option market/exchanges. On Oct 10th, an otherwise normal trading day, there were 722 million quotes in aapl options alone– 28% more than in all stocks combined. There are 9 US option exchanges and network capacity is currently 6 million messages per second on approximately 528,000 options. This allows each exchange to submit no more than one quote per second per option contract. If all contracts were quoted at the highest rate seen on Oct 10th, it would result in 268 million quotes per second– 45 times over capacity. Obviously not all contracts would be so quoted/traded, but it’s quite likely that the 6 million limit will be overwhelmed for who knows how many hours or even days in a ‘volatility event.’ We don’t know if this means shutdown/ no trading, or just bad fills and ripoffs. I think what it does mean is that one should avoid trading short term options like front month contracts. Safer to go out 2, 3 or more months. A ‘return of your money’ situation, rather than ‘return on…’
    –based on data from Nanex published today.

    • platypusfoot
      November 20, 2012

      Thanks James, good advice. Personally, I hate options!

  42. Peggy Mateer
    November 20, 2012

    11/28 planetary prices… if a high = 1421, if a low = 1324-25.

    • SS76
      November 20, 2012

      A low would be absolutely beautiful Peggy. You leaning that way?

      • Peggy Mateer
        November 20, 2012

        kind of but it looks to me like a low could be early. These prices are set in stone in my humble opinion (on that date). If one of them hits, I’ll go the other way.

        • SS76
          November 20, 2012

          really cool! Thanks.

  43. Witold (@delubicz)
    November 20, 2012

    Hi Zigzag,
    everything is going with your roadmap:) but I have question to you,with yesterday’s big green candle why you didn’t buy the next batch? Something has changed with your forecast ?
    best regards Witold

    • ZigZag
      November 20, 2012

      Hi Witold,

      I bought AAPL with that last batch and sold it yesterday. No change in the forecast, and I plan to buy more here soon.

      • Witold (@delubicz)
        November 20, 2012

        Thank you,
        with Anthony’s forecast after bounce until after Thanksgiving we’ll have continuation of downtrend until the end of November,with your correlation chart on November 28th we’ll have some kind of high. Two different forecast? Could you explain please.

        • ZigZag
          November 20, 2012

          The bigger picture is pointing up until late Dec early Jan and the wiggles between both road maps will not always agree.

          • Witold (@delubicz)
            November 20, 2012

            Thank you,
            I’ve expected such a diplomatic answer 🙂 but it’s true,for sp500 the road maps not always agree betwen you,for me could be big difference beacause I have contracts of grains,metals and other commodities. Small correction in s&p500 could cause big fall in commodities
            all the best Witold

            • ZigZag
              November 20, 2012

              Hi Witold, I don’t follow commodities very much, but according to Gann Global there’s supposed to be a 60 year cycle low tomorrow for commodities.

              Video #4 http://tinyurl.com/btl3535

              • Witold (@delubicz)
                November 20, 2012

                Thank you mate 🙂

              • Andrew
                November 20, 2012

                Thank you for sharing this valuable analysis. I think all participating in this blog, particularly those trading commodities, should at the minimum view the commodity video!

              • 1inbluemoon
                November 20, 2012

                60 year cycle low – i follow that too.

                It does not have to be 21st, could be weeks or even months off, but yes we are in that time frame and it certainly feels that way. Check out the beating that stocks took!

                ZZ, my outlook is pretty bearish into january 2013 for stocks, then we rally after.

                Good luck everyone and spare the turkeys!

  44. Peggy Mateer
    November 20, 2012

    planetary prices for today:
    1407
    1397.5
    1393*
    1390*
    1388
    1386**
    1378.5
    1376
    1372**
    1369
    1363-65**

  45. beetlejuice
    November 20, 2012

    Just pulled up his chart of the Shanghai Composite. It is sitting just above support. If it breaks lower here then it is going to lose minimum. All is not well in China me thinks 7%+ growth? One has to wonder??

    http://stockcharts.com/h-sc/ui?s=$SSEC&p=W&b=5&g=0&id=p02056525658

  46. rotrot
    November 20, 2012

    NASI…

    • Anthony
      November 20, 2012

      Really like what you’ve done with your systems here Rotrot. Great work.

  47. rotrot
    November 20, 2012

    Anthony…the initial trend trade system signals sometimes reverse in very short order…utilize NASI, BPNDX, etc, to confirm a change in trend…currently holding off on going long…good luck with your trading…

    rotrot
    November 19, 2012

    NDX trend trade system…

    NDX daily trader…


    Reply

    Anthony
    November 19, 2012

    Rot x2

    thanks for the charts, i assume that you are now long?

    Cheers
    Anthony

  48. Anthony
    November 20, 2012

    There is fibonacci resistance of 0.618 between 1406-1404 drawn from June low to Sep high and 02 Nov high to 16 Nov low. Currently sitting on 50% retrace from 02 Nov high to 16 Nov low

  49. beetlejuice
    November 20, 2012

    GDX volume declining dramatically on this rise doesn’t auger well for the direction of the metals or the broader market imo. Especially on the back of that dramatice decline last week.
    The last time GDX broke support like this in such dramatic circumstances was just before the collapse in ’08

    http://stockcharts.com/h-sc/ui?s=GDX&p=D&b=5&g=0&id=p73021823003

  50. Taiz
    November 20, 2012

    Hi Anthony,

    Just wanted to congratulate you on getting the prediction right for the market to move higher this week. Great job mate.

    Thanks,

    Taiz

    • Anthony
      November 20, 2012

      Thanks Taiz, it was a team effort just confirmed by 3 different techniques Cowan Astro, time symmetry and the roadmap.

  51. Anthony
    November 20, 2012

    Halukn sent me the gold data so i will be constructing the gold roadmap in the next few weeks. So watch out for that one.

  52. Anthony
    November 19, 2012

    Platy excellent work with the Mars cycle, invaluable Cowanesque work.

    11/15/12: G Mars 72°

    • ZigZag
      November 19, 2012

      I was thinking the same. Excellent work Platy..Mars bars are on me 🙂
      http://tinyurl.com/c5bf4jb

      • platypusfoot
        November 19, 2012

        I love Mars bars! LOL

        • simon1080
          November 20, 2012

          Platy do you see the market putting in a short term top tommorow before a retrace down?

          • platypusfoot
            November 20, 2012

            Hi Simon, I’m not sure. Made a nice stash today so I took profit. Waiting for the next signal one way or the other.

            • SS76
              November 20, 2012

              This is what is great about this site. With ZZ’s correlation chart, Anthony’s roadmap, and Platy’s Gmars72 (which is chinese to me but the chart he plotted it on was clear as day), I was able to recoup most of my losses from my recent trading. I decided to go short at the end of today, and will cover probably tomorrow, looking just for a quick trade, and have tight stops.

              • platypusfoot
                November 20, 2012

                Really glad to hear you did well today SS76! BTW I am a girl 😀

                • SS76
                  November 20, 2012

                  my sincerest apologies!!!!!

                  • platypusfoot
                    November 20, 2012

                    LOL no worries SS76 it is a common mistake 🙂

              • Anthony
                November 20, 2012

                Really well done SS76!!!

    • platypusfoot
      November 19, 2012

      Thanks but you called the date way before I did!

  53. Anthony
    November 19, 2012

    If you guys take a look at the NUGT (miners roadmap) there is a peak on the 22-23rd and then a drop into 29-30. This rally should be safe for another 1-2 trading days before a “buy the dip event”

    Live ive said before the roadmap can vibrate in time, ie sometimes you get inversions between swing points then a reversion back to the dominant cycle. So far this year the roadmap has been outstanding. The next window is 21-23 for a CIT. Ill be a heavy buyer once we dip and find a base, the probability of a lower low at this point diminishes with each day.

    • platypusfoot
      November 19, 2012

      Thanks Anthony! Maybe I’ll lighten up in a couple days & look to buy back lower.

      • SS76
        November 20, 2012

        Platy, perhaps DUST would be a good buy in the 21 – 23 timeframe….that is what I’ll be looking at I think, and then rebuy NUGT around the 29-30….

        • platypusfoot
          November 20, 2012

          Yes it could be! However my personal strategy is to get a long term holding for NUGT so I’m just trying to get in at a good price and not day trade too much.

  54. James
    November 19, 2012

    This chart seems to say that bulls are fearlessly buying all the dips. You can see what levels it took in the past to initiate the big rallies.

    http://stockcharts.com/h-sc/ui

    • James
      November 19, 2012

      Oops, that didn’t work. I was referring to total Naz volume divided by total NYSE volume, especially weekly. $NATV:$NYTV—on stockharts.com–free website.

  55. Michael
    November 19, 2012

    I am not too big on astro but I do respect the effects of mercury retrogade ! Nothing really goes according to plan ! Even “our own” very roadmap had a hardtime with this recent cycle even if it did come good in the end. Welldone Anthony and the Zigman !

    • beetlejuice
      November 20, 2012

      Michael, I have mentioned it here before I am Virgo. Mercury is Virgo’s ruler and when it goes retro, I get totally disorganised. I lose and misplace things, three times his week i have misplaced the TV remote and found it each time in the most bizzare places. i have problems communicating and generally everything turns upside down for me.

      • karen1650
        November 20, 2012

        I’m surprised that you are a Virgo and understand your sign…usually Virgo’s are very skeptical of astro’s…maybe you are on the cusp of another sign like Libra…

        • Anthony
          November 20, 2012

          Karen

          What do you make of us Taurus’ :s

          • karen1650
            November 20, 2012

            LOL…my mom was a Taurus…and boy was she stubborn.. 🙂 she was also very practical and reliable…having a desire for harmony and calm….

            Here is a great site for astrology….the best out there..

            http://www.astrologyzone.com/forecasts/

            • Anthony
              November 20, 2012

              An accurate assessment. 😉

              Hmmm ” Slow down, cool your jets – you won’t lose anything by waiting “

              • SS76
                November 20, 2012

                Scorpio?

        • beetlejuice
          November 20, 2012

          Hi Karen, slap bang in the middle Sept 3. Sagittarius rising. Maybe my Life path number has an influence, I’m an 11 😉

        • Michael
          November 20, 2012

          Great link karen, thanks

          • karen1650
            November 20, 2012

            You’re welcome 🙂

  56. curiousmind
    November 19, 2012

    VIX closed outside its lower BB today which issued the 1st step of a VIX buy (equity sell) signal. If VIX close back inside the BB tomorrow, that will be the 2nd step.

    • James
      November 19, 2012

      May be…rumor that a Moody’s downgrade of France’s credit rating is imminent.

      • curiousmind
        November 19, 2012

        EUR just tanked due to the news

  57. rotrot
    November 19, 2012

    NDX trend trade system…

    NDX daily trader…

    • Anthony
      November 19, 2012

      Rot x2

      thanks for the charts, i assume that you are now long?

      Cheers
      Anthony

  58. ZigZag
    November 19, 2012

    Posted these on the 14th, showing very high odds of being close to a low.

    $WLSH
    http://tinyurl.com/blvew2u

    $NAAD
    http://tinyurl.com/c4ke2qv

    It’s looking like Friday was the 20th on the correlation chart. My guess is the pingpong game up to the end of Dec has likely begun.

    • curiousmind
      November 19, 2012

      Not that I want to argue with the expert (you!), but when looking at your roadmap, when I tried to line up spx’s previous peaks in Oct and Nov with your roadmap, it seems to me that your date is early instead of late, and by the shape of the selloff, it certainly looks more like Nov 16 low on the spx lines up with your low on Nov 14th a little bit better., which will actually rhymes with Anthony’s call a little better, by adding 2 to your roadmap dates. So low on Nov 16, high on Nov 19, another low (maybe higher low) on Nov 22 (holiday, so 21 or 23). But then Anthony has the amrket down till end of month, you have the shooting higher after 22…it would be interesting to see

      • ZigZag
        November 19, 2012

        Hi CM,

        It’s a rough guide and doesn’t hit exactly sometimes. It basically finds the trend and then I look at my cycles to find the best days to enter.

        It had Sept 25th for a peak and Nov 8th for a low. I went short Oct 5th and covered Oct 26th. If it points down I sell, if it points up I buy 🙂

      • Klaas
        November 19, 2012

        Time to go short for a test of the lows or 1360 or wait till tommorow ???

    • Anthony
      November 19, 2012

      Nice work Mr.T

      • ZigZag
        November 19, 2012

        😉

  59. Peggy Mateer
    November 19, 2012

    looking ahead to midday tomorrow – a powerful set of transits with planetary prices focused on 1372, 1376**, 1386. It looks to me like Anthony is right and there is a high tomorrow – best guess is midday at one of these three prices.

    • Peggy Mateer
      November 19, 2012

      I will add other planetary prices before the open tomorrow.

    • ratandrea
      November 20, 2012

      Spot ON, Peggy! Dang, THAT was some call.

  60. karen1650
    November 19, 2012

    It’s possible we have seen the lows….looking at Anthony’s chart his low on the 18th lines up to the low we have seen on the 16th, which could have been a 5th wave of C rather than 3. If that is the case, then it’s possible the chart is shifted a day or two so the low expected around the 27th could come on 23rd or 26th. There is a gap down around 136.40 on SPY so if 1357-1360 holds in that time period…we may have seen the lows…fwiw….

    Anthony…your thoughts??

    • karen1650
      November 19, 2012

      Of course I say this and then we get a lower low…it’s quite possible…the lunar eclipse on the 28th has destructive energy…so I’m hoping we get a lower low…I will be watching the 1360 level to see how we react…

      • Anthony
        November 19, 2012

        This up move will have some people “fearing of being left behind”

        I’d rather wait for a pullback and confirmation of the trend change rather than fighting that negative time window after thanksgiving to the end of November, but each to their own.

  61. James
    November 19, 2012

    Comic desperation in Japan:

    A current proposed bill in the US Senate would convert retirement accounts into government annuities. What’s right and fair, and could alleviate alot of problems, is that miniscule financial transaction tax that Wall St. and the crony politicians and regulators refuse to consider.

    • Anthony
      November 19, 2012

      Hi Karen

      The roadmap can vibrate in time between two swing points so it is possible that the map has shifted, the large up move today will likely be followed by a sharp down move but a higher low shown by that pullback and then generally higher into 21. At this point I think we’ll get a larger move back down that will make those who went long question the validity of this up move. Where price goes time will tell. The roadmap is showing a window of negative prices starting after thanksgiving and down into November 27-29. Given that the intermediate trend remains down I do not want to fight this time. Whatever happens I’ll likely be a heavy buyer into this period, so it’s just trading time rather than price.

    • ZigZag
      November 19, 2012

      Men that own government bonds are popular with the ladies. LOL!

  62. karen1650
    November 19, 2012

    ZZ, Anthony…is it possible we trade generally up into end of Dec/beg of Jan, then pullback, but then trade in a sideways triangle or bear wedge into mid-Feb before a larger correction begins…?? I’m seeing some potential sideways action into Feb sometime…??

    • Anthony
      November 19, 2012

      Hi Karen

      We’re still constructing the 2013 roadmap so that won’t be available until early January 2013

    • ZigZag
      November 19, 2012

      Hi Karen

      I’m expecting the market to push higher by late Dec, similar to the path on the correlation. We’ll have the 2013 roadmap available in January.

  63. James
    November 19, 2012

    Getting thru 1387 or so could make the 1404-1418 (50-62%) area a possible target. In the Ewave picture, that would mean 5 down completed on the 19th day, Friday, and now a 2 wave of 6-10 days as a rough guide. Naturally, there are different counts, possibilities– and it’s all nebulous.

    Mr. DeMark in BBG news today. With a mansion and 2 Bentleys, he’s still a market monk in a cave with his charts. 😉

    http://www.bloomberg.com/news/2012-11-13/demark-fibonacci-charts-embraced-by-cohen-lure-investors.html

    • James
      November 19, 2012

      What’s this? Nouriel Roubini is making sunny noises today about ‘recovery.’

      • James
        November 19, 2012

        As we backtest the 200 dma on Spx….

        • James
          November 19, 2012

          Euro markets go wild, but the credit markets are not along for the ride.
          UK FTSE +2.4%
          German DAX +2.5%
          French CAC +3.0%
          Spain IBEX +1.7%
          Italy MIB +3.1%

  64. ratandrea
    November 19, 2012

    I don’t post much, but I read a lot, and I have been humbled and have learned so much and continue to do so. That’s all I’d like to say to you all right now. Oh, and I’ve had my ass handed to me this past year, and deservingly so the way I’ve been trading. I am changing my ways.

    • SS76
      November 19, 2012

      Me too, you are not alone. This site is a Godsend. I’m so grateful to have access to the knowledge here.

      • Anthony
        November 19, 2012

        You’re welcome SS76

    • James
      November 19, 2012

      The market is a cruel master…heh heh…a real ego crusher.
      Submit and bow…or else! 😉

    • Anthony
      November 19, 2012

      We’d been wondering where you had gone. Thanks for the feedback and welcome back!

  65. Peggy Mateer
    November 19, 2012

    reviewing the gold cits I had posted:
    11/14-18 – came in as high to low

    next is 12/9

    • Peggy Mateer
      November 19, 2012

      the most important of the november cits wsa 11/14 (I think I had it starred). Essentially all the movement happened that day (high to low).

  66. Anonymous
    November 19, 2012

    Hi all. just stumbled on this article on my inbox. Just for sharing purposes only 🙂

    http://www.traderplanet.com/commentaries/view/162330-apple-and-us-stocks-rally-doomed-to-fail/?newsletter=1460&distribution=7

    Cheers!

  67. karen1650
    November 19, 2012

    I was afraid my long term chart was going to be invalidated, but glad to see a rally finally…

    • SS76
      November 19, 2012

      So, I suppose we see Peggy’s 1388 planetary price, but perhaps that is where it stops and maybe a good place to short…….but maybe best to stay in cash until after Thanksgiving as we know meltups can be quite dramatic, plus opex.

      • James
        November 19, 2012

        Opex was the 16th.

      • SS76
        November 19, 2012

        duh, thanks James, lol.

  68. ZigZag
    November 19, 2012

    Sold both AAPL trades for 10 and 40 points. Will look to buy again once I see a base form.

    • Anthony
      November 19, 2012

      Nice mate 🙂

      • ZigZag
        November 19, 2012

        Thanks mate 🙂 I probably should have held AAPL until the close. lol

        • Anthony
          November 19, 2012

          There are ALWAYS other opportunities 😉

  69. apanalis
    November 19, 2012

    Anthony, me again, is it possible to see your last picture with soft blue trendlines to see the date of the vertical blue line goes to? Thanks again.

    • apanalis
      November 19, 2012

      I see 30/11, correct?, level 133.60, correct? Anthony. Thanks.

      • Anthony
        November 19, 2012

        Apanalis
        Time not price. Yes into that time period.

  70. SS76
    November 19, 2012

    Sold my NUGT and XIV, I was close to break even as I traded in and out on Friday, so I’m ok with that. Just went short with SPXU at $42.60

    • SS76
      November 19, 2012

      sold at $42.70, rebought NUGT at $11.55, stop not set.

  71. apanalis
    November 19, 2012

    Anthony, I read from you that expect a lower low 27-29 nov12. Is that correct at present? Thanks

    • Anthony
      November 19, 2012

      Apanalis

      Yes, but now due to magnitude of up move may be higher low.

  72. steventrees
    November 19, 2012

    Jump over 1372, now 1372 is support.

  73. Peggy Mateer
    November 19, 2012

    planetary prices:
    1390*
    1388
    1378.5
    1376*
    1372**
    1369
    1363-65**
    1360
    1354*
    1351-2*

    1372 is strong resistance.

  74. gannman
    November 19, 2012

    just my 2 cents…. .after going thru astro aspects we will have a double bottom before heading up in to april /may 2013 but unlike the may 2012 double bottom which made a secondary lower low …we will make a higher low…. which means this weeks close will tell the story …….Market closed on thanksgiving and although mars squares uranus on fri its a early close at noon ………..expect light volume …The following week will be interesting with gdp numbers on fri….full moon /lunar eclipse on 11/28 wed …………..anniversary dates watch for nov as follows…11/6/2000
    …………..11/26/2007……….11/21/2008…11/25/2011…for December….12/21/2000
    12/2/2002……12/11/2007 and 12/5/2011 and 12/19/2011….cheers

    • beetlejuice
      November 19, 2012

      gannman you may well be correct. If indeed you are correct that markets rally into 2013, by all accounts they will probabably make higher highs. I for one will refuse to participate in any rally to new highs.
      After nearly 25 years of investing I am begining to think there is no logic left in the markets and that the market has now become the economy.
      If the markets rally, I presume it will be on agreement over tax/revenue cuts. Do investors have even the slightest understanding fom a fundamental viewpoint what deficit cuts means to US GDP??

      My immediate thought is obviously not a clue!

    • Anthony
      November 19, 2012

      Thanks Gannman. I’ll be a heavy buyer at that retest low just in case of the unexpected due end of November.

  75. rotrot
    November 19, 2012

    “Anatomy of An Intermediate Term Downtrend, Context”

    http://tinyurl.com/cvnsf2u

    “Let the “this time it’s different” discussion begin”

  76. Anthony
    November 19, 2012

    I believe Gannman style has also posted the previous CIT’s cheers

    10/29………………11/7
    11/7………………..11/14
    11/14………………11/20
    11/20………………11/23
    11/23………………11/29

  77. Anonymous
    November 19, 2012

    Down into Friday…

    • karen1650
      November 19, 2012

      Sorry, that was me…down into Friday..

      • Anonymous
        November 19, 2012

        You mean no bounce this week? All down into Friday?

      • Anthony
        November 19, 2012

        Hi Karen, roadmap says otherwise. Lets see.

        Edit: Possibly down Monday but up into 21/Thanks Giving/23

        What are you basing this analysis on

        Many thanks
        Anthony

        • karen1650
          November 19, 2012

          Chart just says, on Monday, at some point, down into Tues, then bounce on Weds and then down into friday….

          But I don’t know levels, so since we are opening higher today…we may just see a minor pullback, or we might not be able to hold on to the gains..???

          • karen1650
            November 19, 2012

            As I have mentioned before…bullish aspects can sometimes throw off this chart…during a bull run the chart is useless, it usually works only in bear markets…

            At the same time if this is a wave 4, then of late wave 4’s have been highly volatile….

            Additionally, the chart can be a day off, so the pullback could begin a day later…today looks pretty strong…may not happen today…

  78. steventrees
    November 19, 2012

    I believe so~lol

  79. steventrees
    November 18, 2012

    Nenner forecast bear market about 2 years ago, but he was totally defeated by QE1&2&3, I don’t know if I should believe him again……

    • Anthony
      November 18, 2012

      Im sure given enough time he’ll get it right eventually.

  80. James
    November 17, 2012

    I’m reading now that 11-14 was a minor Bradley date and 12-22 is a major one.
    I also hear that there are 3 or 4 different Bradley curves. It seems Manfred Zimmer will only give out one free and wants $$ for the others. I haven’t heard anyone here mention Bradley. Anyone have any experience or views on Bradley, or Zimmer, or other interpreters of that approach? Thanks….

    • platypusfoot
      November 18, 2012

      I think you mean Zimmel? Only recently found his work. I really like it. Here is a free newsletter from September. http://www.amanita.at/docs/open/newsletter-e.pdf

      • James
        November 18, 2012

        Yup…that’s him. Wow…quite a panorama…. of drama….thanks for posting.

        • James
          November 18, 2012

          Surprised to see he’s in with David Icke and all that business of the reptilian race– eg, the British royal family, etc. 😉

      • Anonymous
        November 19, 2012

        Very interesting info…thx for sharing Platy & James

        SBW

        • platypusfoot
          November 19, 2012

          Sure SBW 🙂

  81. black rain
    November 17, 2012

    Thanks Rotrot

    Helps me stay clear.
    My system shows potential for multi day rally but trend remains down.
    No bottom yet.

  82. aiihotline
    November 17, 2012

    Anthony,
    I know it is early, but would you mind sharing your intermediate term view for the next 3-6-12 months? “Top around 12/15” is a short term? Are we going to make higher high (than SPX 1474) next year? Many thanks!

    • Anthony
      November 17, 2012

      aii

      Too early, were still working on the roadmap for next year, cheers.

  83. rotrot
    November 17, 2012

    NDX, OEX, XII trend trade system charts…the trend remains down…

    • Anthony
      November 17, 2012

      Thanks rotrot

  84. ricksbiz
    November 17, 2012

    Hi all, if you follow apple or IBM there are two charts with forcast up to 2015
    it is from http://www.charlesnenner.com/ it is number 1 video 10/30/12
    he likes to talk a lot (loll) but his long term cycles are ok .

    • karen1650
      November 17, 2012

      He’s a genius…

      • James
        November 17, 2012

        His theory is based on the idea that the market price level/direction knows everything, and events are, at best, secondary. Wonder where this comes from– bible? Torah? astrology? Similar to Martin Armstrong’s grand view? Anyone have any info?

        • James
          November 17, 2012

          Just read more—it’s various cycles and 200+ indicators. Nothing too mystical.

  85. Anthony
    November 17, 2012

    Does someone have historical gold data they could send me, cheers.

    • job
      November 17, 2012

      Anthony or ZZ

      In the Nenner video above, he mentions a 2-3 year bear market in bonds (starting very soon presumably) — do you guys have any sort of road map for Treasuries you can share? Would love to see what the timing looks like on that. Thanks!

      • Anthony
        November 18, 2012

        Hi Job

        Not at this point in time but we could look into it should the demand be high enough.

        • Anonymous
          November 19, 2012

          I would be interested in this, personally with the way the fed is going I remain pretty bearish especially for US bonds. Sooner or later people will realize that real inflation is much higher than the yields which would flush out a lot of capital from bonds to other investments. thanks guys for an awesome site

    • James
      November 17, 2012
      • Anthony
        November 17, 2012

        I need actual data but thanks anyway James

    • halukn
      November 17, 2012

      Anthony, I can gladly get you the data on Monday. I have Bloomberg at work. What’s your email and what exactly are you looking for?

    • halukn
      November 19, 2012

      File sent Anthony.

      • Anthony
        November 19, 2012

        Thanks Halukn, gold map on its way.

  86. rotrot
    November 16, 2012

    “…bottom picking is a dangerous game…” Carl Swenlin, November 16, 2012

    http://blogs.decisionpoint.com/chart_spotlight/2012/11/20121116cs.html

    • Anthony
      November 16, 2012

      True. I still think we head lower after a small bounce.

      • curiousmind
        November 16, 2012

        Do you have a target of this bounce into Nov 22? since 22 is a holiday, is it reasonable to say that a high on 23, which is a half day and usually low volume day tends to be up?
        target 1380 or 1400-1410?

        • Anthony
          November 17, 2012

          1370-1374

    • irvinder
      November 17, 2012

      bottom picking can be fun and profitable, your mileage may vary, use only as directed

      possible side effects: drawdown, buyer’s remorse aka “how could i have been so dumb”, stinky fingers

    • James
      November 17, 2012

      But of course. Everybody knows how safe money market funds are! I’m referring to the current debate where the funds are lobbying against changes which even Geithner thinks are needed.

  87. James
    November 16, 2012

    Small gain today, but compared to corellated markets as to *risk-on, risk-off*
    the ES was frothy. See chart. Context refers to ES vs. a 10yr, metals, and FX basket.
    On a long term chart, ES is w-a-a-a-y frothy. Generally this is a good short term indicator, as reversion often takes place pretty quickly.

    • SS76
      November 17, 2012

      Stay away from zh James, they have been known to manipulate their charts to support their views

      • James
        November 17, 2012

        Don’t know that they originate their own charts. Are you talking about data? chart scaling? I realize their stance is irreverent and bearish. And forget about the comment section, lol– mostly flamers who obviously don’t trade or even accept technical analysis. I discount all that. There’s interesting content there and good contributors, not available anywhere else. And I have opinions, too. A little ‘creative destruction’ is in order….change is really all there is! It’s inevitable. 😉

  88. simon1080
    November 16, 2012

    ZZ, Peggy, Anthony.. do you guys have a price target in mind for late Dec.. Early Jan?

    • ZigZag
      November 16, 2012

      Hi Simon,

      We’ll more than likely be higher than we are today by early Jan. I don’t know what the final price will be by then. Looking six months out, I think people will be surprised how much higher the market will be. Have a good weekend 🙂

      • karen1650
        November 17, 2012

        I think Apple’s selloff is telling of what is going on in the market…It looks like it is completing a wave 3 or C of an overall (A) wave, much like in 2008. If Apple heads up in wave 4 then down again for wave 5 it’s a foregone conclusion this market is going down…it’s just a matter of when. I am surprised that you think the market is going up in the next 6 months? I could see it going up while Apple makes a retrace…however long that takes…in 2008 it took about 3 months from the bottom….but then it headed lower with the markets.

        Why do you think we are going higher?? NDX is about to bust a trendline that has held since 2009…

        • ZigZag
          November 17, 2012

          Hi Karen,

          The cycles and correlations that I follow suggest higher prices before any major collapse. Not many believed me back in August 2011 that we would see new highs by mid Sept 2012. There will be dips along the way, but most likely the larger trend is higher for another year.

          Things can always change, but I haven’t seen evidence of that happening yet.

          • karen1650
            November 17, 2012

            Thanks ZZ, we’ll see how things unfold…I think the next 6 months to year should be very interesting….

        • curiousmind
          November 18, 2012

          Hi Karen, I am interested to see your count on Apple. If it just finished wave 3, then wave 4 retrace should not exceed $620, then wave 5 should take it below 505, is that correct? However, what will the count be like if it just completed a C of overall A, would that mean it is a corrective drop to finish ABC, before making new high? I remember someone mention that apple would double top in April 2013, also, were you the one who mention about the “war-like” aspect of Nov 22- Dec 2? Do you have more info on that? Sorry for the many questions. But your recent charts are so accurate that I really would love to hear your input

      • James
        November 17, 2012

        Ha. Bob Prechter will be suprised, for sure.

        • ZigZag
          November 17, 2012

          Yeah, I’ll be nervous when Bob turns bullish 😉

          • Anthony
            November 18, 2012

            Lol, Prechter who has been bearish since the industrial revolution. Exactly mate when this guy flips long get your shorts on its gonna get hot!!!!!!

            • Mike
              November 18, 2012

              David Rosenberg flipped long recently…kinda scary since he is a permabear.

            • James
              November 18, 2012

              I wonder what the ebb and flow waves of his subscriber base look like–are there EW patterns therein we can use? 😉

    • Peggy Mateer
      November 16, 2012

      12/28 has a very interesting cluster – looks like either 1429.5 or 1354. fwiw

      • Anthony
        November 16, 2012

        Thanks Peggy. Anything lower than 1354?

      • James
        November 17, 2012

        Larry Pesavento is eyeing a 11-28 full moon/eclipse date top as a possible 1987 pattern analog– thinks it’s worth a small bet, anyway. And the Steve Puetz thingie….

        • Anthony
          November 17, 2012

          He’s wrong. This will be a low. There are reasons why the roadmap works, stick to it and she’ll guide you straight. Cheers.

          • James
            November 17, 2012

            You guys and your ‘proprietary’ systems, lol. Thanks much… and I’ll certainly keep the road map in mind– how can I not? 😉

  89. steventrees
    November 16, 2012

    Good call again, Many thanks!

  90. Anthony
    November 16, 2012

    We got a higher close after the 15th CIT 😉

    • investbb
      November 16, 2012

      congrats Anthony for the timing.

      Like to know your thoughts on you dont think we will get turkey dinner this thanksgiving, reason behind it?

      Thanks!

    • steventrees
      November 16, 2012

      Anthony: so you think we will bounce until 11/21~22, and then we will head down to make a new low?

      • Anthony
        November 16, 2012

        Yes Steven

        • Peggy Mateer
          November 16, 2012

          The market closed solidly above 1350-51** and 1354**. Got to agree with you Anthony. 1373-74 is next resistance.

          • Anthony
            November 16, 2012

            Thanks for the levels Peggy, have a great weekend.

        • Peggy Mateer
          November 16, 2012

          Anthony, is 11/27 looking like a low to you?

          • Peggy Mateer
            November 16, 2012

            level there is either 1354 or 1328.

          • Anthony
            November 16, 2012

            27-29 Peggy

        • halukn
          November 16, 2012

          Thanks Anthony. When you say a new low do you mean a lower low?

          • Anthony
            November 16, 2012

            Yes halukn – lower low.

  91. karen1650
    November 16, 2012

    I think Peggy may be right, it’s possible we see a low on Tuesday…

    • karen1650
      November 16, 2012

      Actually, Tuesday or Thursday the 23rd next week….

    • James
      November 16, 2012

      Yes, it’s pretty punk so far. Only bright spot is the broker-dealer index, XBD–up over 1%. I’m wondering why the transports can’t get traction– including the darlings of the holiday season, FedEx and UPS. But then A/D is quite respectable at 2.88:1.

      I’m thinking why bother trying to trade mkts, maybe I just buy a box of Twinkies on Ebay for 10K– resell them next month for 20K. 😉

  92. James
    November 16, 2012

    Looking at breadth, this is the strongest rally since the 1433-and-down leg. But there’s alot of overhead resistance points where people may want to cut their losses and sell. I think it’s more likely we get one more wave down after some choppy consolidation. Day or two or three, like Anthony suggested. Sometimes OPEX weeks do provide turning points. Correction could go up to 1377 (.382).

    • James
      November 16, 2012

      I’m flat and watching to see the extent of the next pullback. We don’t have a 123 pivot up on even a 10 minute chart. OPEX days are dangerous! 😉

    • James
      November 16, 2012

      Market turned exactly on the Euro markets close. Well-worn algo behavior pattern.

  93. ZigZag
    November 16, 2012

    TRAN hit support this morning http://tinyurl.com/d7zenv3

    • IHS
      November 16, 2012

      Hi ZigZag, I started reading about Lindsay’s theory, as you recommended me. What do you use of his theory? All his models or only the ones related to time?

      • ZigZag
        November 16, 2012

        Hi IHS,

        Only the ones related to time. I like to see multiple high and low dates hitting in the same spot as they usually mark turning points in price. I’ve never been a fan of his 3 peaks domed house patterns, but I like everything else that he did.

        • IHS
          November 16, 2012

          Many thanks for sharing your knowledge!!!

    • Anthony
      November 16, 2012

      Very nice chart ZigZag.

      • ZigZag
        November 16, 2012

        Thanks mate. Btw, excellent call you had for the 15th 🙂

  94. James
    November 16, 2012

    Chances just improved for a bottom being in. Let’s see what happens if 1361 or so is reached, then 1373 (cash). New lows again point to still being in the grip of the “3rd wave.” Advance/decline holding up decently.

    • Klaas
      November 16, 2012

      Wolfwave target now 1361 SPX
      maybe i sell there all of my longs and stop trading for a while 😦

      • Michael
        November 16, 2012

        I feel your pain, it’s been a crappy market to trade today

    • James
      November 16, 2012

      Rallying on happy talk from Washington. “We have a deal…maybe.” Can will kicked into next year. Recall all the happy talk from Euroland for the past two years. 😉

    • James
      November 16, 2012

      Algos scanned a headline….these machines can’t analyze, lol.

    • James
      November 16, 2012

      Stocktwits guy buying Aapl 600 calls. Must have hit a fibo extension near 506..probably looking for a 62% retracement…..he has a bigger account that I do. 😉

  95. simon1080
    November 16, 2012

    Good lord that was like a 60 point dow spike in a few seconds…
    what happened?

  96. Taiz
    November 16, 2012

    Hi Anthony,

    Do you plan to add to your long today?I am tempted to go long at these levels.

    • Anthony
      November 16, 2012

      Nope, sitting tight will go short 22 Nov, cheers

  97. gannman
    November 16, 2012

    watch aapl almost at same level on 5/14 on weekly chart if that’s taken out MY My MY……

  98. karen1650
    November 16, 2012

    My intraday chart says be careful of more selling…

    • SS76
      November 16, 2012

      Karen, you saved me. Just went long again though, but much cheaper.

  99. twoblackcrowes
    November 16, 2012

    Performance surrounding Thanksgiving Day. Let’s hope there’s no ‘change in trend’. 😉

  100. Peggy Mateer
    November 16, 2012

    fwiw and imho, failure to hold 1350-51 will lead to another drop. Although 1338-39 is strong support, I’m not convinced there isn’t a black swan event in the next few days. be careful.

    • Anthony
      November 16, 2012

      I think we’ll head up from here into 21-22. Cheers

      • Peggy Mateer
        November 16, 2012

        I’ve got an important cit next week – earliest it could be is 11/19 but more likely 11/20-21. We’re in the same time frame but opposite polarities!

        • Beetlejuice
          November 16, 2012

          Peggy by “black swan event” I assume you mean crash?

          I am thinking that IF we close substantially down today, then Monday could be horrendous, but it may also lead to the panic required to give us a intermediate bottom.

          • Peggy Mateer
            November 16, 2012

            yep. thinking Tuesday/Wednesday low. fwiw. I could be wrong so do your own research.

        • karen1650
          November 16, 2012

          There is the potential for a pullback to higher low on the 19th…

    • SS76
      November 16, 2012

      you talking cash Peggy, or ES?

    • steventrees
      November 16, 2012

      I think all depends on Europe markets, especially DAX, if it continues to drop, SPX will follow.

    • IHS
      November 16, 2012

      Hi Peggy, why are you thinking it could happend? Do you have a chart to show it?

      • Peggy Mateer
        November 16, 2012

        The indices are all in downtrend channels and my next important cit is 11/20-21. I expect a bounce after that.

  101. James
    November 16, 2012

    Japan stocks up nearly 4% in two sessions, as all their numbers worsen. Smell a central bank? How long before Fed, ECB and and RBA get with this program? Actually, who cares? Welcome to the new normal madhouse. 😉

    • simon1080
      November 16, 2012

      Its probably the money leaving the US equity markets going to Japan ….

      • James
        November 16, 2012

        Actually the BOJ can buy ETF’s and REIT’s….officially….if the Nikkei pm session declines by more than 1% the day before. Not making this up. 😉

        • James
          November 16, 2012

          Perception is all….in the new normal….um….Matrix.

          • Beetlejuice
            November 16, 2012

            James if you are correct that the BOJ stepped in and people are wondering why they would step in now, you have to look no further than the long term charts.
            A break below the lower trend line will send the Nikkei crashing. They know how to read charts to.

            Cheers

            http://stockcharts.com/h-sc/ui?s=$NIKK&p=W&b=5&g=0&id=p07724558349

            • gannman
              November 16, 2012

              check fxi weekly chart …………will tell you what’s happening around the globe ..cheers .great observation …cool…Thanks

  102. irvinder
    November 16, 2012

    Great site Anthony, ZZ et al!

    Appears the donate button has been removed, so thought I might leave a little content contribution. One of the sentiment measures I follow agrees with ZZ and is indicating a bottom around here and it may be an important bottom. Its the old-school Rydex Nova/ursa ratio and its at levels lower than June 2012 and December 2011:

    http://www.schaeffersresearch.com/streetools/market_tools/rydex_nu.aspx

    Thank you to all the contributors on this site. Cheers.

    • Anthony
      November 16, 2012

      yeah had some PayPal issues as we arent a charity so had to remove it. Thanks for sharing the links 🙂

      • James
        November 16, 2012

        Not confusing us with Wikileaks I hope. 😉

  103. rotrot
    November 16, 2012

    OEXA200R

    rotrot
    November 15, 2012

    NDXA200R…trying to catch a falling knife can be damaging to your financial health!

  104. karen1650
    November 16, 2012

    Added some charts to Social Trade http://socialtrade.com/users/karen
    -MACD histo is indicating a possible bounce here
    -Sitting at 61% fib support (1346)
    -Looks like wave 3 could be ending…up for wave 4, then down to wave 5…there is a large cluster of support between 1311-1340, which is a big range, but I don’t think we are far from a bottom. If we are to see a bear flag develop, that support is around 1322…If we are to even get that low
    -NYMO now in oversold bounce territory

    • Anthony
      November 16, 2012

      Thanks Karen, this is all pointing to a late November lower low, after a small bounce into 21-22 November, cheers.

      • IHS
        November 16, 2012

        Hi Anthony, the thing is if that’s the scenario, that does not fit with your roadmap, where we can see a higher low on those dates, right? cheers man!!!

        • Anthony
          November 16, 2012

          its a time chart and not necessarily indicative of price magnitude, did this answer your Q

          • IHS
            November 16, 2012

            Always thank you Anthony, I thought it also comprised price targets, unlike ZZ charts. Do you calculate those in any way?

            • Anthony
              November 16, 2012

              Hi IHS

              No i do not have a set method for calculating price, sometimes i use the Gann wheel, other times i use numerology, geometric lines and shapes. As we come into time price becomes clearer. Time is the key to price. I have not spent the time nor will i ever try to decipher Ganns methods of price i find that my methods are close enough once we come into time. They are self taught methods, similar to other members on this site who have studies and developed their own techniques over the years.

              • IHS
                November 16, 2012

                Thank you so much!!

        • James
          November 16, 2012

          Retest….think retest. Markets almost always retest. This is one of the few gifts given to traders. Better than catching knives! Talking about price here, not time. I have to leave that to the students of time here, of which we are apparently blessed with a few. I recommend researching seasoned traders who have been through the fire– like Linda Bradford Raschke, for example. Google away….

  105. Anthony
    November 15, 2012
    • job
      November 16, 2012

      Anthony

      Thanks for the roadmap on NUGT — I posted earlier and neglected to specifically thank you for this site and the sharing that you, Platy, ZZ and others do — I bet there are a lot of “students” out there like me who don’t comment. Thanks again!

      • Anthony
        November 16, 2012

        Job, no worries, im still learning too thanks to some of the people we have residing here. Im lucky enough to have 2 great team mates in the Zig monster and Platy. Zig is better than Laundry in my opinion and has taken time symmetry to new heights. Platy’s work is ground breaking matrix type stuff. Together with the roadmaps and my proprietary CITs its killlllaaaaa!!

        But its our contributors that really help out too and weve met some really knowledgeable people who are decent, honest and kind human beings and for that thats why this site is the best IMHO. But hey im biased.

        We have readers from all over the world, from Nepal, Mongolia, infact heres a map lol. Were trying to get into reindeer futures but Santa’s not budging……………….

        https://changeintrend.wordpress.com/?attachment_id=1361

        • James
          November 16, 2012

          Fantastic, Anthony. This is really fun….dare I say….auspicious!

    • SS76
      November 16, 2012

      Thank you!!!

  106. curiousmind
    November 15, 2012

    Do you think we get there tomorrow or later on with another low on 29th?

  107. Peggy Mateer
    November 15, 2012

    Planetary prices for tomorrow:
    From early tomorrow am and throughout the day, 1350 to 1352 is critical support/resistance. If it holds, I expect a good bounce for options expiration. Other prices for the day:

    1379-80
    1378.5
    1376
    1369
    1360-62
    1354**
    1350-52**
    1342
    1338-1339***
    1333*

    • simon1080
      November 15, 2012

      So you think we go lower ?
      is that what the *** imply?

      • Peggy Mateer
        November 15, 2012

        the *s are indicating relatively greater importance. fwiw.

  108. Andrew
    November 15, 2012

    James and Gannman,
    Please note my comments to your postings. btw CRUDE had the most incredible swings today…..thank goodness for stops!

  109. James
    November 15, 2012

    Well, the jury is still out. Getting late for a short squeeze for op-ex week, but you never know. There may be some pinning of the SPY tomorrow at least– wherever the maximum pain level is. I’ll be watching to see if any upside tanks again late in the session. Maybe another leg into the 1320’s is in order. Being short, my pain level would be above 1366 cash, and around 4990 in the transports. Good luck, all.

    • Michael
      November 15, 2012

      Thanks for your posts James, very informative.

      Goodluck to you too

    • James
      November 15, 2012

      Interesting….wonder where this is going.

  110. simon1080
    November 15, 2012

    ZZ do you think there is a possibility of a crash from these levels?

    • ZigZag
      November 15, 2012

      Hi simon,

      I can’t find anything that says that will happen. The great crash of Thanksgiving just doesn’t sound right. 🙂

      • simon1080
        November 15, 2012

        LOL… turkeys got taken to the woodsheds!

    • James
      November 16, 2012

      November can be hairy, but most aren’t. Based on 2000, 2007 and 2008, S&P would hit 1227-1284 (from the Oct close). In such a case December would likely rebound strongly. That’s -9, -9 and -13% for those years. Flash crashes could happen at any time…intraday…if those HFT’s pull their bids. Need a headline for that, probably. Those algobots scan headlines and react instantly.

  111. Michael
    November 15, 2012

    Anyone remember aug – sept when we waited for the endless rally to end ? Now we’re catching falling knives waiting for it to start ? Trading is a funny business just like life 🙂

  112. James
    November 15, 2012

    Another 5 waves down: 1388 to 1348… a correction of that wave, if we can get/hold 1361. Getting over 1370 might end this whole down wave, but I’m inclined to doubt it. Prove it, Mr. Market! Covered a third at 1351….waiting and watching.

  113. James
    November 15, 2012

    Es traders liked 1345 for a buy on 2 occasions, but not much follow thru yet. Video analysis from a pro on the NYSE floor for today. He’s known for his daily turning point levels which are often accurate for short term trades. Follow on Twitter to get those. Also daily commentaries. @sarge986

    http://tinyurl.com/ajzhlvp

    • SS76
      November 15, 2012

      James, do you have those links again from the other day, I can’t find them…

      Thanks.

      • James
        November 15, 2012

        Sorry—-my short term memory. Which links might those be, SS?

    • James
      November 15, 2012

      Didn’t realize this video would embed. Sorry, Anthony, I didn’t ask if that’s ok for your site.

      • ZigZag
        November 15, 2012

        James, convert the link with tinyurl.com to get rid of that embed problem.

        • James
          November 15, 2012

          Gotcha—thanks.

      • Anthony
        November 16, 2012

        James no worries

        • James
          November 16, 2012

          Ok…mate. 😉

    • SS76
      November 15, 2012

      Maybe it wasn’t you James, someone posted link to Sarges daily picks, market sentiment indicater, etc…

    • James
      November 15, 2012

      Hat tip to twoblackcrowes….already forgot he provided this Sarge link to us recently…that s/t memory again? 😉

      ES is respecting the 1.272 Fib extension I mentioned yesterday– at 1345. Today’s low 1345.25 so far.

  114. gannman
    November 15, 2012

    just my 2 cents ……….time to grab a bite and coffee………http://www.screencast.com/users/gannman/folders/Default/media/4e0fdcfb-dc1c-498f-b6ed-9615954f6b6a

    • Peggy Mateer
      November 15, 2012

      like that too Gannman. That 1321 spx/es is sat 120 ceres planetary price and would allow compx to get to a very important 2765** planetary price.

    • investbb
      November 15, 2012

      Hi Gannman

      that target may correspond to Anthony’s low in 29th. interesting.

      Thanks!

  115. job
    November 15, 2012

    Hey Everyone

    Been following this site for several months now. Best I’ve come across. I was referred over because my trading style is heavily based on timing (more than price) so I’m a big fan of yours ZZ :-).

    I also use candle patterns, counts and gaps to determine my entries and exits. I’m a pattern trader so I trade pretty much everything if the pattern looks right. I’ve made every mistake in the book and paid dearly for it but lately have found some discipline that seems to be helping my results.

    I don’t feel I have a whole lot to add because of my inconsistent results, but I will share this for SS76 and others looking for entry in NUGT. The counts say the timing is close to buy and there’s a gap at about 10.27 that I’m looking to use for entry.

    But please don’t listen to me — I’m busy listening to you all!!

    • SS76
      November 15, 2012

      well, whether you are right or wrong, I appreciate your input. Thank you. Welcome! I’ve referred a few people here because its the one site where you won’t find negativity, only opinions, charts, trading idea’s, etc. This is the best site I have ever found, and am thankful to God for people like Anthony, ZZ, Platy, GM, Karen, Rotrot, and others, for their SELFLESS contributions.

      • job
        November 15, 2012

        next entries at $9.40 and $8.90 just fyi — certainly could get there…….

      • SS76
        November 15, 2012

        it certainly could get there, and I’m scared it does, so bought HVI instead since it seems to lose less than NUGT does in the same direction, and figure if NUGT gets extreme whcih is not far away, I’ll take abother stab at it. Perhaps closer to the 28th will be a better clearer opportunity.

        • SS76
          November 15, 2012

          I mean XIV I bought, not HVI.

          • steventrees
            November 15, 2012

            I think XIV is a supper good product, it will always on the bull trend never-ending.

      • Anthony
        November 16, 2012

        Good to have you here SS76

    • ZigZag
      November 15, 2012

      Good to have you here Job 🙂

    • Anthony
      November 16, 2012

      Good job, job 😉

  116. ZigZag
    November 15, 2012

    $OEX looks interesting for a possible low here today. This could extend to the 19th when using my June 5th cycle low instead of June 4th.

    http://tinyurl.com/c47xz5v

  117. SS76
    November 15, 2012

    Lethal combo for NUGT….Gold and SPX down. I stopped out again at $11.11.

  118. SS76
    November 15, 2012

    Looks as though 1347 may hold Peggy? If it does today, do you see the CIT playing out?

    • SS76
      November 15, 2012

      SPY RSI is now 25. Has not been this oversold since May 21st. This has to be it!

      • James
        November 15, 2012

        FWIW ,as far as Elliott-Wave is concerned, the ES may be completing 5 waves down, but no other major cash indices have that look– transports, spx, oex, dow, xmi, ny composite.

    • SS76
      November 15, 2012

      and the closest SPY was this oversold before May was Aug 9th 2011, when it dipped to 20.

      I think its safe here to go long. I am, but not with NUGT, just don’t trust it.

    • Peggy Mateer
      November 15, 2012

      I’m more interested in the 1336-38 area. fwiw. If that holds and technicals kick in… I suspect we get a quick bounce to Friday and then another low next week. fwiw.

      • James
        November 15, 2012

        I hear that call buying still predominates, so maybe there won’t be a vicious short squeeze for Nov. expiration week. But I wouldn’t put it past-em! 😉

    • Peggy Mateer
      November 15, 2012

      support at that price ends early afternoon. fwiw…

  119. Taiz
    November 15, 2012

    Hi ZZ,

    Are you a buyer today?

    • ZigZag
      November 15, 2012

      Hi Taiz,

      Not yet. I’m waiting for the start of a big green candle before adding more. It’s pretty tempting right here though.

      • Taiz
        November 15, 2012

        Thanks ZZ. Would be waiting eagerly for that big green candle 🙂

  120. steventrees
    November 15, 2012

    Peggy: I want to make sure…..Do you mean we are close to low target about 1347~48/1337~1339, and then turn up to 1419~23 on 11/28?

    • Peggy Mateer
      November 15, 2012

      that’s one scenario. I’m a trend follower (trendlines/volume/techincals). I track the planetary prices (transits) to understand what’s going on and where the major price turns will likely be. The important cluster of transits (and prices) on 11/28 is “ideal” but, if it’s a low, then there are other prices I’ll post for that.

  121. Peggy Mateer
    November 15, 2012

    fwiw, 11/28 is a very powerful day – 2 oppositions and 2 biquintiles – all focused on planetary prices 1419-1423. Best time is near the close.

  122. Peggy Mateer
    November 15, 2012

    moon 180 jup at 1347-48 is supporting the market. fwiw. sun near 0 merc at 1337 to 1339

    • Michael
      November 15, 2012

      Hi Peggy, do you think we’re heading higher today then or will these lower levels be tested ?

      • Peggy Mateer
        November 15, 2012

        I think we’re heading lower fwiw

        • Michael
          November 15, 2012

          Thanks Peggy ! You’re on form this week !!!! Long may it continue ! Banked my profits for the day. Same again tomorrow ? 🙂

  123. gannman
    November 15, 2012

    expect light volume next week ..markets closed for thanksgiving on thursday and early close on friday 12 noon so its only 3 trading days ………..the following week will be fun ……………….$$$$$$$$$$………..will go long gold around 11/28 on confirmation on weekly chart …cheers

    • Andrew
      November 15, 2012

      Gannman,
      I am an avid follower of GOLD & SILVER, and shall be pleased to learn why you intend going long GOLD on or about the 28th. May I enquire as to the significance of this date! As an aside, all traders are awaiting an imminent breakout. Noted the first shot today was fired to the downside….. but SILVER holding up amazingly well. May I give you a tip, don’t ignore SILVER, as you will do so at your own peril!

      • gannman
        November 15, 2012

        Andrew ..once upon a time there lived 5 brothers …WHAT ,WHEN , WHO ,WHY & HOW ……………they are all dead now ……….Trade with the trend and you will make $$$$$…..will go long gold only if technicals confirm on the weekly chart …around 11/28….I seldom trade Gold …I only trade the Spy and that too options cause all I need is a $2.00 move up or down to double my investment …I have in the past traded nugt and dust ………….I never anticipate or hope …I only follow the trend …….and it has always made me $$$ and i always use stops …That leaves my ego at the door …………….cheers

  124. James
    November 15, 2012

    Third mkt. opening in a row where a large player/hedgie has slammed the metals with heavy selling. Yesterday saw 28 of 29 minus 1000 NYSE ticks, 21 sub 1000 in a row. That’s a record going back to July 2010 low. But—-open interest in e-minis is increasing in the selloff. Up 55K yesterday.

    • James
      November 15, 2012

      Other events waiting in the wings are possible bankruptcy/default of Argentina; a developing scandal with Petraeus, girlfriend, and maybe President. On the other hand, Bond films have entered a bull market. 😉

      • Andrew
        November 15, 2012

        Well done James…..a bit of irony there! Sorry, I did not reply to your mail immediately, as I reside in another time-zone. I must pick up on your comment about investing in paper, this has also recently been commented upon by Platy. To be honest, I could not see myself trading any other way! On the MT4 platform to trade a 1000 oz of silver only requires a margin deposit of USD150! James as a gesture of goodwill, I recommend that you navigate a website which is managed by a trader called David Petch. His analysis for GOLD, SILVER and CRUDE is based on the contracting fibonacci spiral. I have been subscribed for many months at a cost of CAD25pm. The daily trading analysis is compelling and a sight to behold, not to mention specific dates and targets he has for the 3 commodities.
        http://www.treasurechests.info. By the way, my nephew also has the name of James.

        • James
          November 15, 2012

          Greetings, Andrew:

          Glad to see you’re enjoying your favorite markets. Yes, gold and silver respond well to fibo, EW and Gartleys analysis. What I meant about paper is that investors in SLV or GLD might get the shaft someday because claims that those are backed by real metal in a depository are dubious at best– or so I hear. Trading in and out is fine.
          Investing with Eric Sprott is also fine. You’re Canadian, do I gather? My grandparents were Nova Scotians. Cheers.

          • Andrew
            November 15, 2012

            James, I hope it doesn’t come as to much of a shock….. I come from Johannesburg, South Africa. Thank you so much for your interest.

            • James
              November 16, 2012

              Lol…nothing shocks me anymore. Very much enjoyed working in Kenya for 3 years–back in the 70’s, btw. Never made it to J-burg, though.

  125. karen1650
    November 15, 2012

    DUST has been forming a bullish wedge and today it just broke out…it may pull back and backtest the breakout, if it fails and heads back down, then good for NUGT, if it holds and heads back up…be careful being long on NUGT….IMHO…

    • SS76
      November 15, 2012

      What levels would that be Karen? Thanks in advance.

  126. SS76
    November 15, 2012

    ok, taking another shot at NUGT here, $11.59. Need $12.89 to break even. GM, if you see a green bar on the MACD Histogram (I think you use the 2hr timeframe) please let me know. My work computer can’t view freestockcharts.com since you need Microsoft silverlight and I can’t download it here. Thank you!

  127. Michael
    November 15, 2012

    Hi All,

    For anyone going, bear in mind that the futures have been up for 7 straight premarket sessions and sold off during regular trading session

    I know there’s a CIT today, but just be aware of this pattern

    • Michael
      November 15, 2012

      I meant anyone going long 🙂 maybe the pattern reverses today who know

  128. ricksbiz
    November 15, 2012

    Hi all great work by everyone,There is just one more question in regards side ways trading. s&p 500 USA horizontal pattern there is five sets before fall. Dates 9/13/12 to 9/24/12 (11 trading days sideways at the 1460 mark) 10/4/12 to 10/8/12 (4 trading days sideways at the 1460 mark [not quite half of 11]) 10/16/12 to 10/18/12 (2 trading days at the 1460) 11/1/12 (1 trading day 1430 mark) 11/6/12 ( 3/4 of a day before fall at 1430) took these from 3 month chart (not the best detail for open and close days). Is there any correlation with horizontal trading lines. If I go into five day or one day charts might get different horizontal days, help any one please is this common or a fluke or made up.
    yes there was noise on the 9/26 and 9/27 (7 up and 7 down from 1440) it appears to the eye it is reducing by 50% getting more volatile before fall? If possible is there a line running through the 1430 (from 9/10/12 to 11/6/12) with the more detail charts ? Thank you to the people who help me out before.

    • ricksbiz
      November 15, 2012

      it appears to the eye it is reducing by 50% getting more volatile before fall? If possible is there a line running through the 1430 (from 9/10/12 to 11/6/12) with the more detail charts ? Thank you to the people who help me out before.(sorry this was meant to be looking at it from 3 month time frame chart)

  129. karen1650
    November 15, 2012

    It looks and feels like this is a wave 3 down of what looks like an overall “C” wave. There is no positive divergence yet, and with waves of this magnitude, there is usually another wave down to test the lows. They usually turn into a lower low with positive divergence which is a clear signal of a bottom, giving us a 5 of “C”. If that is the case, then a higher high is possible (not guaranteed)…since it would be considered a 3 wave (ABC) down. 5 waves down would most likely guarantee we get a lower high, then more down.

    The astro’s around Nov 23-27th are very negative, so we might expect this “5” of C then and then start to head up.

    But I am hoping my charts don’t remain inverted, because if they do, that means we could see a high around Dec 7th, then a lower low around Dec 21st or so…which means we will have had 5 waves down instead of 3…and that would mean our journey downward has already started and may not see much upside…but of course I am putting the cart before the horse, so we will see how things develop.

    Thanks Platy, ZZ, Gannman, Anthony and all for the info…very helpful

    • SS76
      November 15, 2012

      Very balanced Karen. Thank you!

  130. ricksbiz
    November 15, 2012

    Hi all,great work Peggy your numbers remind me of matrix and Anthony those symbols remind me (11/15: S&P Mars 72° Cycle) hieroglyphics. Any way the two charts would like an under standing if there is one.When Obama won the election the [ ASX (tail)200 ] went up in the afternoon 11/7/12 from 2 pm to pm close. was this shorts getting covered? as they guess the [Dow (dog)] would drop when trading open on the 11/7/12. then the ASX 200 open on 11/8/12 and drop to 4460 at 1030 am then rallied back to 4480 this rally was this again to cover shorts for when the DOW open down 11/8/12. the same happened for ASX 11/9/12 open and at 10 15 am it drop to 4437 then rally and closed at 4460. DOW open 11/9/12 and seemed to follow the same pattern as ASX 200?.
    Today the 11/15/12 the market drop sharp in the morning with one of those gaps in the fall at 10.06 am and 10 07 am (could mean at the end and revers soon). Now at 1.37 pm Ozzie time the market drop how ever it seems there could be longs getting covered? as market still drops. should wait till asx 200 close but will not be here.
    Could this signal a reversal for when Dow opens 11/15/ 12
    Please any one comment or make something of this. need feed back good or constructive thanks i can take it

    • ricksbiz
      November 15, 2012

      I think i got the longs and shorts mixed up

      • Anthony
        November 15, 2012

        Lol. I think you mean short covering now looking for longs?

        Also those are Platys hieroglyphics 🙂

        • ricksbiz
          November 15, 2012

          Yes exactly thanks Anthony, sorry Platy

    • gannman
      November 15, 2012
      • ricksbiz
        November 15, 2012

        Thanks gman I feel like Neo in the matrix. Im at the stage when they pull (me) out of the sewerage and am now lying down on the table with needles stuck in me.

    • gannman
      November 15, 2012

      posted something that might help u below rick

  131. Anthony
    November 15, 2012

    Great work with the symmetry charts ZigZag

    https://changeintrend.wordpress.com/zigzags-symmetry-charts/

  132. IHS
    November 15, 2012

    Hi Anthony, do you still see we’re going to re-test the september high at mid december? Tks!!!

    • Anthony
      November 15, 2012

      Hi, IHS,

      i wouldnt be surprised to see a double top. A big decline then move to new highs. Cheers

      • IHS
        November 15, 2012

        Tks Anthony, but you are seeing this peak by mid december, right? Thank you for your great work!!

        • Anthony
          November 15, 2012

          14-15 Dec. Cheers.

          • IHS
            November 15, 2012

            Tks man, so the first movement should be from the 15 to the 19th, right?

      • simon1080
        November 15, 2012

        Hello Anthony, the road map shows far below a double top situation… no ? by mid dec

        • Anthony
          November 16, 2012

          Time, not price simon

  133. rotrot
    November 15, 2012

    NDX daily chart going back to January 2007…closely examine the bottom indicator…the current state of affairs is different then anything we have experienced since 2007…interesting!

  134. rotrot
    November 15, 2012

    NDXA200R…trying to catch a falling knife can be damaging to your financial health!

    • rotrot
      November 15, 2012

      did anyone notice the significant negative divergence? if not, check the price & indicator action at the March/April peak compared to the September peak…interesting!

  135. gannman
    November 15, 2012

    ok its wednesday night and I am going to take the wife and head out for a drink …..Looking over my 10 year charts here’s something …anniversary dates ..gann said they were important ……for the month of november …as follows nov 6 (2000)
    nov26 (2007)…nov 21(2008)..nov25(2011)………..December is the most consistently positive month, with the least number of losers during the past 20 years .(only 4 )..we are in week 47….and have been down past 5 years but week 48 which is next week we have been up last 5 years here’s the stats …..2011–4.5%…2010–3.70%…2009—1.40%—2008–9.97% and 2007–2.93%….hope this helps someone out there ..got to run wife… standing at the door , can see that look in her eyes ………..HELP ….Later …God Bless.

  136. investbb
    November 14, 2012

    Interesting everyone now is looking for a bounce (big or small)…and we arent getting any. We may have to reach a point soon when people will let go of this bounce idea, have a real sell panic sell off, maybe then we bottom. There is a ton of people trapped in the 1400+ zone, wonder if all of them have sold yet or not. I doubt they have all mostly sold, cause we have not had a really panic attack yet, just chop and chop. Think normally market panic signals a bottom. Wondering can at current 50 ish point under 1400 zone be a bottom…Even have 1475 to current level is only 125~ points….I say let us go to ~ -200 for a bottom sounds reasonable….

    by the way there is more call buyers than put buyers still according to CBOE yesterday.

    as well, NYMO is only in the -80ish today. still ways to go may hit and pass -100 and we still can continue to go lower.

    Anthony maybe on to something. 🙂

    • Beetlejuice
      November 14, 2012

      investbb, I just cant see a sustainable bottom until we see more panic. Futures trading higher like they were into the open today is not a signal that investors have any fear. Europe also lacks any real fear, especially given the reversal last week in the DAX. The DAX chart is calling for much lower prices and the US markets won’t reverse whilst the European markets are still mid-way through a sell-off.
      I am still looking for a pre-market sell-off large gap down open and reversal before I close out.

      I still think this move has the 200wma written all over it.

      Cheers

  137. Beetlejuice
    November 14, 2012

    Everyone is talking much higher gold/silver and PM stocks but when I look at this chart all I see is one VERY VERY ugly chart.
    Deflation appears to be grabbing hold and the danger is that it takes all with it. Except the USD
    http://stockcharts.com/h-sc/ui?s=GDX&p=W&b=5&g=0&id=p74019937397

  138. simon1080
    November 14, 2012

    Hello ZZ,

    any changes in your forcast? Do you think we will be higher than 1400 in December?

    please advice.

    Thanks

    • ZigZag
      November 14, 2012

      Hi Simon,

      Yes, I believe we will. No change in the forecast.

      • simon1080
        November 14, 2012

        is there anyway your cycles may have inverted?

        • ZigZag
          November 15, 2012

          Hi Simon,

          No..We were supposed to hit a high mid September and a low around Nov 8th.

          In the bigger picture we’re not that far off, so things are still on track.
          http://tinyurl.com/b3s4p24

  139. ZigZag
    November 14, 2012

    I added dates to the ZigZag’s Correlation Chart link. You can see it had today for a possible low..

    After today, I’m quickly reminded again that it doesn’t always gel exactly with price.

    • curiousmind
      November 14, 2012

      ZZ, your chart says up to NOV 28, however, Anthony said down to Nov 27-29, what to do..what to do???

    • IHS
      November 15, 2012

      Many tks ZigZag, and by the way, tks for the PDF’s as well!!!

  140. gannman
    November 14, 2012

    so here we are case # 3 of the venus opposition uranus and venus square pluto aspect ………..as mentioned earlier similar aspects occured (8/7/2010-8/9/2010) spy dropped 140 points ….(9/17/2011—9/18/2011) spy dropped 90 points current aspect occured on 11/1/2012-11/3/2012….if we take the high that occured of 142.72 feel free to minus either 90 or about 120 points ……in my humble opinion this bleeding will stop on the weekly .618 retracement from the june low around 135.20 or so …………cheers we will soon bottom and head for the races ….

    • curiousmind
      November 14, 2012

      according to your calculation, tomorrow could very well be the low with spx around 1350, which will coincide perfectly with the CIT date of an intermediate low, then up till 22, as Anthony said?

      • gannman
        November 14, 2012

        Ditto …………..in Anthony and ZZ we trust ……….Pilot …Co -Pilot …and my parachute…LOL

    • James
      November 14, 2012

      GM, do you know of Bill Foster, astro/Gann guy who used to publish The Rocky Mtn. Financial Forecast?
      He ‘retired’ to trade privately, but has come back onto the stage, appearing on Larry Pesavento’s internet program on TFNN, predicting the S&P will ‘shortly’ fall in half, while gold will double, roughly. Dates not supplied, lol. Nothing much new on his webpage. He mentioned the Uranus square Pluto series (2 down, 5 more to come) and was talking about the eclipses and some Sun or Mars transit (Dec 4th maybe) that might trigger acceleration of the big-big changes he expects worldwide.

      • gannman
        November 15, 2012

        unaware of bill foster ……..ditto on the rest will update ……..

  141. James
    November 14, 2012

    SPY put trader (2400+ contracts) is up 183K already. 20% in 3 hours, not bad….

    • curiousmind
      November 14, 2012

      It is good to have deep pocket and know something we don’t know, right?

  142. Witold (@delubicz)
    November 14, 2012

    Hi,
    here is interesting risk/reward conclusion: http://www.marketanthropology.com/
    best Witold

    • James
      November 14, 2012

      There are so many analogs available. There are Japanese rice mkt. charts going back to the 1500’s. How does one select a particular analog without bias? I think most of these exercises are based on bull mkt. metrics. That’s statistically valid, as mkts. go up 2/3 rds of the time, but they can fall much faster in the remaining 1/3.
      Fear trumps hope, psychology rules. Indeterminacy is the constant truth. We don’t *know*– we never do. Yet we do like to speculate. 😉

  143. curiousmind
    November 14, 2012

    wow brutal day for NUGT, -14% at 11.6

    • curiousmind
      November 14, 2012

      and gold didn’t even drop much..

    • SS76
      November 14, 2012

      Ya, I decided to have a stop at $12.65, and didn’t buy back (had an order in at $11.87 but moved it to $11.45, didn’t fill. We’ll see tomorrow, I suspect an early buying opportunity there, but like Gannman said, wait for the MACD histogram to go green before buying it.

  144. halukn
    November 14, 2012

    Congrats Anthony and thank you for the precise forecast so far. I have a question what is the level that you are looking for to be contested mid December?

  145. ZigZag
    November 14, 2012

    AAPL looks juicy here. Took a little bite.

  146. James
    November 14, 2012

    Risk-on leading chart has been Aussie dollar– belief in China soft-landing. A weak correction has completed a Gartley ab=cd pattern up. Now expanding range on the downside….bears watching. The euro has given back it’s FOMC pop. Correlation with ES may or may not continue. Euro buying may be repatriation by banks for balance sheet purposes and not a vote of confidence for the Eurozone economy.
    which had very bad numbers today. Washington rolls on in it’s own bubble….obliviously….as the prez’s presser made clear today. And the heat is on in the middle east….

  147. SS76
    November 14, 2012

    Anthony, have to give you credit, your roadmap worked to perfection. I think the combo of yours and ZZ’s roadmap is lethal.

    • SS76
      November 14, 2012

      Feels like a panic sell off…..probably carry through in the morning, and reversal late morning.

    • Anthony
      November 14, 2012

      Thanks SS76 🙂

  148. SS76
    November 14, 2012

    Predictions for the close….. 1354. Tomorrows open1340.

  149. IHS
    November 14, 2012

    Hi Anthony, do you still see we’re going to re-test the september high at mid december? Tks!!!

  150. James
    November 14, 2012

    *Fed willing to ease more.* FOMC minutes. Double down on failure….of course! EUR/USD ramps but stocks fail to catch a bid…yet.

    • James
      November 14, 2012

      And transports, brokers and financials lead the way down…..

    • Andrew
      November 14, 2012

      Thank you for that James. Any thoughts on the metals!

      • James
        November 14, 2012

        I don’t follow that, Andrew. Looking at GLD….seems to in synch with stocks…..but made a 50% retracement. Stocks can’t manage that…so at least there’s a bid there. Do you lean towards actual metal you hold, or paper? Much more risk in paper….all paper. Central Banks/China want gold…no doubt. So the long term looks good vs., holding depreciating currencies. Probably you know all this….:)

  151. SS76
    November 14, 2012

    Anthony, do you think the low you have slated for the 15th will be overnight on the 14th, or more towards the end of the day on the 15th?

    • Anthony
      November 15, 2012

      End of day on the 15th ;P

  152. Klaas
    November 14, 2012

    09 Nov first batch long SPX
    14 Nov second batch long SPX
    And when we go lower on the 19th Nov i will get my third batch .

    Now both batches are with loss but i trust you guys !!!

    Good luck and i hope we have a nice month 🙂

  153. Jason
    November 14, 2012

    Hi Anthony, ZZ and Platy,

    I overlaid ZZ’s correlation chart with Anthony’s roadmap and thought I would share it with everyone. My small way of contributing to this great site. Perhaps it could be of some value. There could be some small discrepancies because Anthony’s chart is calendar days and ZZ’s is trading days but the dates line up well all the way through.

    Cheers, Jason

    • ZigZag
      November 14, 2012

      Thanks Jason 🙂

    • Anthony
      November 15, 2012

      Just seen this good work Jason

  154. James
    November 14, 2012

    At 13:06, someone aggressively bought 2,441 $SPY 138 puts
    Crazy, lol. 😉

    • James
      November 14, 2012

      A cool 900,000 bucks…that’s all!

  155. James
    November 14, 2012

    Some levels to watch: Fibo extensions of leg down from 1430’s:
    ES: 1.272X at 1345, 1.618X at 1322. Cash SPX 1358 and 1336. Somewhat divergent now, as ES is 2-3 pt. premium. I mention these because Fibo extensions have become rather popular due to services like Stocktwits, TFNN, etc. So traders may react at these levels.
    As for Elliott Wave, we could be in a final 5th for this pattern, with a 2 plus week rally to correct—or, we’re still doing 1-2 waves down, with a sharp decline still ahead. Those are the bearish counts.
    With the focus shifted to ‘fiscal cliff’ and the US in the media, markets may get more unsettled by negative suprises out of Europe or elsewhere.

    • akr618
      November 14, 2012

      Beautiful charts as always ZZ. Looks like the bottom could be in today!

      • akr618
        November 14, 2012

        Also, current S&P lows about a 50% retracement of June-Sept. move.

        • ZigZag
          November 14, 2012

          Ah, very interesting. Thanks.

        • akr618
          November 14, 2012

          Opps, well with the drop into the close we are almost to 60% retrace.

          • ZigZag
            November 15, 2012

            It’s getting close enough 🙂

    • IHS
      November 14, 2012

      Hi Zig Zag, how do you fit this last days downsloping movement in your chart -considering that it shows a way up since november 8 which it’s not what it is happening- ? Thank you man. IHS (P.S. I´ve already bought the George Lidsa book, do you recommend others? Tks again)

      • ZigZag
        November 14, 2012

        Hi IHS,

        Are you talking about the correlation chart? Sometimes it doesn’t hit on the exact day. I think May last year it was a week off and it was a few days off on the Sept-October peaks. I just try to find symmetry that can get close to what’s saying, and then cross my fingers and go fishing 😉

        Lindsay and Laundry are the only ones I followed. I posted some Laundry PDF’s in the other thread. Let me know if you can’t find them.

    • ZigZag
      November 14, 2012

      Hi Pin..I really should be adding one more batch at these lows today. I’m probably going to wait until I see a big green day and add another batch then.

      • ZigZag
        November 14, 2012

        Ditto 😉

      • Anthony
        November 14, 2012

        Good work Pindar 🙂

    • Anthony
      November 14, 2012

      Luv ya work ZigZag 🙂

      Today 15th is a CIT.

      • ZigZag
        November 15, 2012

        Thanks mate. Back at ya.

  156. Peggy Mateer
    November 14, 2012

    the transit that price is “vibrating” to at the moment is moon 90 neptune and is crossing 1361-1365. Probably not strong enough to stop this downtrend though with pluto below at 1354 and sun and mars below that. just fyi and fwiw.

    • Peggy Mateer
      November 14, 2012

      moon 120 uran begins midday – price 1349-1350

    • SS76
      November 14, 2012

      Thanks Peggy. So hard to be patient, catching a falling knife is dangerous for sure.

    • SS76
      November 14, 2012

      wow, so you see 1350 by mid day if we break 1361? I know you expected 1333 or so for your target area to go long.

      • Peggy Mateer
        November 14, 2012

        that transit continues to the end of the day so maybe a bounce from the 1350-51 area? ideally es there and spx at 1354ish. just one possible scenario. I use trendlines and watch volume for confirmation. fwiw. yes, still have that lower target which is now 1336-38 area (ideally 11/16)

    • Peggy Mateer
      November 14, 2012

      the reason this area is providing some support is not just moon 90 neptune but it’s also moon 0 merc (orb) that gives it more power. fyi, fwiw, etal.

      • Anthony
        November 14, 2012

        Excellent contributions today Peggy thanks 🙂

      • Peggy Mateer
        November 15, 2012

        tnx pindar and Anthony.
        Tomorrow is a very unusual day with many transits (therefore many prices). The trick is to figure out which is the most important. The biggest cluster of transits comes in between 8 am and 11 am (approximately) and I am expecting at least a short term low. The “hot” prices are:
        1379-80
        1376
        1371-72
        1369
        1366-67
        1360-62
        1353-54*
        1350-51*
        1345-46*
        1341-42*
        1336-37 ***
        1333
        1331
        1328*
        1324
        1321

  157. Rezito
    November 14, 2012

    Thanks for the new thread.

    • ZigZag
      November 14, 2012

      Rez, I posted those PDF’s in the other thread. Just making sure you got them.

      • Rezito
        November 14, 2012

        Thank you ZigZag, got them all. It’s my first time looking at these concepts. I’ve mostly been trading oscilators and RSI. I’m leaving for San Fran for a week but I may bug you for some questions later if you don’t mind.
        Really appreciate it ZZ!

        Are you still looking at 1340 as you line in the sand?

        • ZigZag
          November 14, 2012

          Hi Rez… Yeah, anytime at all.

          1340 isn’t a hard stop, more of a mental note, and I really need to see a weekly close below 1340 before getting concerned.

      • James
        November 14, 2012

        Thanks ZZ, very interesting. I wonder if my head would explode trying to master Laundry. 😉

        • ZigZag
          November 14, 2012

          Hi James.. My head actually did explode back when I was following only Laundry’s method. 🙂

          • James
            November 14, 2012

            Funny. I think my nemesis award goes to EW. Like a song you can’t get out of your head.

  158. curiousmind
    November 14, 2012

    Sorry Platy, NUGT is tanking today right after I bought some 😦

    • Anthony
      November 14, 2012

      What is the gold/silver roadmap saying!

      • Peggy Mateer
        November 14, 2012

        agree – I think gold bottoms 11/19 fwiw.

        • Peggy Mateer
          November 14, 2012

          actually should say the cit (low or high) I’m expecting for gold is 11/19. The next one after that is 12/9. fwiw.

      • ratandrea
        November 14, 2012

        The predicted and the actual seemed opposite in Jan/Feb of this year.

        • SS76
          November 14, 2012

          Interesting Peggy. So you don’t have a CIT until the 19th? That should suggest that the current trend continues then and perhaps it should be the low. Platy was expecting yesterday to be the low, and up into the 20th I believe…

          • Peggy Mateer
            November 14, 2012

            If I see trendlines crossed and volume arrive at an important planetary price, I wouldn’t pay as much attention to the actual day (cit).

        • Anthony
          November 14, 2012

          Thats called an inversion, which reverted back to the dominant cycle. It happens, nothing is perfect, although god would disagree :p

    • SS76
      November 14, 2012

      Anthony, it may be saying that Gold is going to drop, but NUGT doesn’t follow the price of Gold, and in fact the miners always seem to have their own direction. NUGT is approaching oversold conditions though. I stopped out at $13.65 but feel that with a market drop into tomorrow, there is plenty more downside ahead for NUGT the rest of today and tomorrow.

    • gannman
      November 14, 2012

      just my 2 cents …….sorry about the spell check on nugt ….spelled it nught …anyways hope this helps …………http://www.screencast.com/users/gannman/folders/Default/media/c49bd908-30ee-4799-8de7-7260ee995f15

      • SS76
        November 14, 2012

        Very helpful GM, thank you. Is that how you time all your trades? You wait for the first green bar?

        • Anonymous
          November 14, 2012

          Hi Ganman, is there a website you can recommend where we can refresh the chart you just posted…in order to see what bars will be next?

          Thx!

          • Anonymous
            November 14, 2012

            The one I have only seems t do weekly and daily

          • gannman
            November 14, 2012

            freestockcharts.com

        • gannman
          November 14, 2012

          never anticipate always wait on confirmation …………you might leave a few cents on or off the table ..but always follow the trend and you will be rewarded……yes

          • Anonymous
            November 14, 2012

            Thx Gman

          • Anonymous
            November 14, 2012

            I just set it up and used it for some my stocks I’m watching and it’s awesome!

            Thx again!

  159. investbb
    November 14, 2012

    Thanks for setting up a new thread.

    Thanks!

  160. Peggy Mateer
    November 14, 2012

    planetary prices:

    1390*
    1388
    1383-84* (midday high?)
    1378.5
    1376*
    1371*
    1369
    1365-66*
    1360
    1354*
    1351

    • Peggy Mateer
      November 14, 2012

      btw yesterday’s high was spx and es at 1388 and 1386 (arrived at simulataneously) and both prices were listed on yesterday’s planetary prices…

      • SS76
        November 14, 2012

        Lookst like we will see 1360 ES or cash…

    • curiousmind
      November 14, 2012

      wow didn’t expect that 1351 to be hit today, ES went as long as 1350, and spx 1352.5

  161. apanalis
    November 14, 2012

    Thanks, Anthony, as i see, your chart says is a bottom next days in nov12, as you have been written, and the levels around 1329. Is correct my observation?

    Is possible lower prices as i mantein?

    And the following in mid-term i can see a new bottom in 2013 +- sept13. Right?

    Thanks-Gracias, amigo.

    • Anthony
      November 14, 2012

      Apanalis time is more important than price, so whether we are on 14/15 well that must be our low there or thereabouts.

  162. Andrew
    November 14, 2012

    Appreciate if members of this forum can comment on a low risk opportunity with a strong technical set-up to get long in crude oil, whilst this market continues to trade in a narrow range of $84-$86.

    • gannman
      November 14, 2012

      here’s my 2 cents ……..june 23 2012 crude oil …date of low… the date of high was 9/14/2012…time duration ….2 months 22 days ..28%… the normal correction window time wise should be 1 month 24 days ….so watch it close use technicals to confirm should be on its way up pretty soon ……..http://www.screencast.com/users/gannman/folders/Default/media/e982c86e-dbd8-4a33-b7a2-63417e66aed4…….please use stops

      • Andrew
        November 14, 2012

        Thank you Gannman…….much appreciated.

    • James
      November 14, 2012

      Stay away from crude. It’s a war market now, with the Hamas-Eqypt-Israel (and still Syria/Lebanon/Turkey/Iran) situations. Crude will be volatile and reactive to news.
      Unless you’re a Supertrader/insider. 😉

  163. Peggy Mateer
    November 14, 2012

    amazing plalnetary alignment on Dec. 3:

    • Anthony
      November 14, 2012

      Thanks Peggy, thats cool.

    • Anonymous
      November 14, 2012

      180deg from low of june 4 is dec3 this should be an interesting date

    • platypusfoot
      November 14, 2012

      Wow Peggy, that’s fascinating!

  164. Anthony
    November 13, 2012

    Older comments can be viewed here

    https://changeintrend.wordpress.com/2012/10/25/1160/

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