Change-In-Trend

with Anthony, ZigZag & Platy

Bearish Setup

My short trade was marginally stopped out on Friday (4pt loss) so i am looking to re-enter on Monday morning here in Australia. For those who are holding shorts this has been a patient ride. The last CIT day of the 5/6 Dec was a bit of a curveball due to the fact that it was an outside day, high or low, even with these powerful tools the market has a way of keeping us guessing. In hindsight it was a low. With a weekend CIT date of 08 Dec, and also a Mars cycle due on the 9th Sunday (well done to Platy) i think this adds additional weight to the high on Friday. Im going to switch over to the SPDR DIA ETF which tracks the Dow Jones for charting purposes. (SPX and SPY holders dont fret, the highs of the Dec 3 should hold (Another CIT as per the CIT days here).

A couple of things to point out on this chart, we are at an inflection point which is going to define the trend for the rest of the year in my opinion. If we break upwards out of the mid channel line then i would suggest that any future pull backs will be a great opportunity for mid term long positions. But there are a number of barriers which are big enough for me to believe that we are about to head down. Firstly the mid channel line which has geometrically contained this rising trend since the 01 may peak and 4 June low. There is also a 0.618 retrace of the Sep – Nov range just above. The volatility bands are also suggesting that we should pull back from these levels and the stochastics on 3 time frames are overbought suggesting the longer and shorter time frames are “ready” for a move down.

DIAIf that wasnt enough lets see if the UUP Dollar PowerShares ETF is confirming the move. This looks to me as if the dollar will complete a minor wave 5 up into late December, then a resumption of the downtrend into 2013. The upper sloping channels have provided historical support and the next upper volatility band test is likely due a the projected channel line sometime in late December which should coincide with an equities low.

UUP

The correlation chart courtesy of ZigZag shifted forward a day. The chart is clearly showing bearish tendency down into 21 Dec time frame.

There is always the potential of smaller cycle inversion into the next CIT time frame of 11/12 Dec. This scenario would be on the cards if we take out the high on 3 Dec. However this 3 Dec high remains very strong resistance and in my view intact. An overshoot scenario should be halted at around 1430-1434 which would be the optimum place to go short.

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375 comments on “Bearish Setup

  1. karen1650
    December 20, 2012

    As expected Weds was a crest….

    • Anthony
      December 20, 2012

      Thanks Karen

  2. rotrot
    December 20, 2012

    Anthony & ZigZag…we may finish in the green tody…note tomorrow is a Larry Berg Astro Indicator 16…very strong harmonic day!

    http://tinyurl.com/csvg39x

    • Anthony
      December 20, 2012

      Thanks Rotrot, noted

      Notice the SMI Ergodic has still not crossed over however the TSI has but is now in overbought territory.

      Watch for the TSI as an early indicator, the the SMI Ergodic cross for confirmation

      Shifting over to the hourly you can see that the shorter TSI time frame is already looking at crossing back below the SMI moving from the overbought level and moving downwards.

      If we finish at 1441 cash we have a confirmed shorter TSI sell.

      1HR
      2HR

      In both cases trend remains down. Early weakness tomorrow is likely to lead to a strong down day that closes near the lows.

      Support/Resistance for tomorrow

      R 1460-1462 R 1450-1456

      S 1422-1425 S 1414-1416 S 1404-1407

      Edit: We have a TSI crossover downwards on the 1HR and 2HR charts. Longer SMI is bearish. 1442 as resistance.

      • SS76
        December 20, 2012

        SPX testing resistance Anthony, looking like its going to break it at 1442, and I’m seeing some positive divergences in the last 30 min.

        • Anthony
          December 20, 2012

          Lets see if we close at 1440 we have an early sell signal. 1442.78 is yet to be taken out.

          • SS76
            December 20, 2012

            Broken Anthony.

            • Anthony
              December 20, 2012

              Yep and SMI on the hourly has crossed up, but not on the 2HR. 1442 now support.

  3. SS76
    December 20, 2012

    Just want to wish everyone here a Merry Christmas and Happy New Year also. I wish you the best on your subscription service and much happiness and success in 2013!!!

    • ZigZag
      December 20, 2012

      Thanks SS76. Merry Christmas and a Happy New Year to you buddy 🙂

    • rotrot
      December 20, 2012

      SS76…all the best to you!

    • Michael
      December 20, 2012

      Merry Christmas SS, wish you success and good health

    • Anthony
      December 20, 2012

      Health and wealth in the coming new year SS

  4. ZigZag
    December 20, 2012

    Banks are still being bought. I mentioned last week that it looked like money was coming out of tech and moving towards the financial sector. MS, BAC, GS, and C are now above their Oct – Nov peaks.

  5. SS76
    December 20, 2012

    From: http://www.oilngold.com/ong-focus/technical/silver-weekly-technical-outlook-2012121623806/

    Silver Weekly Technical Outlook
    Comex Silver (SI)
    No change in silver’s outlook. A short term top is formed formed at 34.42. Near term outlook will stay bearish as long as 33.875 resistance holds and current decline would target a test on 30.65 support first. Break will then bring deeper fall to 61.8% retracement of 26.105 to 34.42 at 29.673 and below.

    In the bigger picture, as long as 37.58 resistance holds, price actions from 26.105 are viewed as a consolidation pattern only. And that means, the down trend from 49.82 high isn’t over yet and an new low below 26.105 is in favor. Though, break of 37.58 will dampen this bearish case and could bring stronger rise back to 49.82 high.

    In the long term picture, the main question remains on whether 49.82 is a medium term or long term top. With 61.8% retracement of 8.4 to 49.82 at 24.22 intact, price actions from 49.82 could eventually turn out to be a consolidation only. And a break of 37.58 resistance will significantly increase the odds of a new high above 49.82.

  6. Peggy Mateer
    December 20, 2012

    today’s planetary prices for compx:
    3073-74**
    3067
    3055**
    3053
    3050-51**
    3046**
    3040**
    3036**
    3033*
    3027

    • Peggy Mateer
      December 20, 2012

      3016**
      3012-13*

      • ZigZag
        December 20, 2012

        Thanks Peggy 🙂

  7. beetlejuice
    December 20, 2012

    I would like to take the oportunity to wish each and everyone of you a Very Merry Xmas and a prosperous New Year.
    Platy, ZZ and of course Anthony big big Thankyou for all your work over the course of 2012,
    I leave on holidays tomorrow and won’t be back unti the New Year but look forward to connecting with you all again.
    I had he pleasure to go to see the Christmas lights at StMarys Cathedral in Sydney tonight and it was absolutely spectacular.
    Here is a google link to some of he images
    http://www.google.com.au/search?q=st+mary's+cathedral+lights+of+christmas&hl=en&client=safari&tbo=d&source=lnms&tbm=isch&sa=X&ei=-A3TUK6SI-jYigeW54HQBg&ved=0CAkQ_AUoAQ&biw=1024&bih=690&sei=_A3TUK3uPMbYigfJ-4DgBQ

    Merry Xmas to all!
    Allan

    • ZigZag
      December 20, 2012

      Thanks Beetlejuice, and Merry Christmas to you too 🙂

    • platypusfoot
      December 20, 2012

      Than you Beetlejuice, you too! 🙂

    • SS76
      December 20, 2012

      Stunning church!

  8. Michael
    December 20, 2012

    Looks like one of those days when we carry on with the up trend as if nothing ever happened yesterday. I think support for today 1431 and 1426

  9. simon1080
    December 20, 2012

    Hey ZigZag .. on this correlation chart

    Although the paths have been correct.. from the Dates from nov 17th seem to be invert to what has actually been happening.. Not sure if thats important or not.. just putting it out there incase it makes any difference on your analysis time wise.

    • ZigZag
      December 20, 2012

      Hi Simon,

      Thanks for pointing that out. I don’t pay much attention to the little inversions on the way up, all I really want to see is that it gets the overall direction of the move correctly. As long as Nov 8th to early Jan is up, then the correlation is still valid.

      • Spudthorpe
        December 20, 2012

        Zigzag,

        I don’t think I’ve seen a chart from you regarding what happens after Jan 8th. I’d love to hear your take on that. 🙂

        • ZigZag
          December 20, 2012

          Hi Spudthorpe,

          Should see weakness after early Jan. To be safe I plan on selling all longs on Dec 31st.

          I have a couple of possible time scenarios for January that will be in the subscription section of the blog.

  10. Anonymous
    December 20, 2012

    Anthony, imo u should delay the subscription site based on your last many calls…no one wants to pay money to lose money…

    • Anthony
      December 20, 2012

      Anon.

      Yeah ive started following ZigZag and Platy who have been killing it, lol.

      Definitely had a dip in form and taken my eye off the ball. The website has been a real distraction trying to set everything up. Hopefully i can get back to trading when its all done. Ive got unrelenting standards so my better half tells me, so ive been up until all hours of the morning on skype to developers, testing, retesting, to make sure its perfect for go live. Cant wait to just get back to watching the ticker.

      Its times like these you just need to be patient and wait for the right opportunity again rather than jump in to prove yourself/myself right.

      • Anonymous
        December 20, 2012

        much respect to you anthony….zz’s the king! when your analysis goes against his its times you take a closer look at your analysis….take care pal!!

      • ratandrea
        December 20, 2012

        You’ll be back on track. Sometimes it’s good to take a break, recover, refresh, and rejuvenate! 🙂 Thanks for all that you do.

    • SS76
      December 20, 2012

      The only one really killing it is ZZ in my opinion, but Platy had been on a roll with some calls, others like NUGT has been a disaster as I’ve experieced, and glad I held off taking a gold or silver position. Gotta respect Anthony for not hiding from his analysis which has made some great calls in the past.

      • ratandrea
        December 20, 2012

        True, but I like Platy’s adventuresome spirit and her spunky attitude. Plus, she helped turn my attention to metals which “seem” to be bottoming out. ZZ is ON, though, for sure. Everyone on this blog has helped to shape it. I look forward to reading posts on here even though I hardly ever say much. I don’t have much to contribute, but maybe I will at some juncture. 🙂

      • Random
        December 20, 2012

        Unfortunately, I followed Platy trade on silver without stop (I can’t stop out at this price now).
        My account got whacked and don’t know what to do…

        • platypusfoot
          December 20, 2012

          Sorry about that Random, I got pretty beat up too. The cyclists were all just so exuberant and I partly got caught up in that. My fault. At any rate, we should get a major trend change tomorrow (maybe the Mayans were right? LOL) and it looks like the metals are coming up on their worst case scenario supports pretty soon. So I’m looking to re-enter tomorrow.

          • Random
            December 20, 2012

            I just look at last year pattern, PM got hit really hard until 27th of Dec (ABC correction, which I believe we are at the end of C now).
            What are your wort case scenario supports for gold and silver?
            Thanks

            • platypusfoot
              December 20, 2012

              They’re at 61.8% retracement now, and some interesting trendline supports. I’d say if they can’t hold these levels then we may be seeing $26 silver again. Tomorrow is a pretty major turn day so let’s hope we get that trend change.

              • SS76
                December 20, 2012

                Well, last year we were trading at the same price level on this date, and Silver bottomed Dec 28th at $26.85. I do think we head into the $26 range again given the momentum of this downswing and support levels breached, so I think its prudent to wait it out.

        • karen1650
          December 20, 2012

          Random…today SLV broke down below a trend channel support line…will most likely backtest that breakdown..if it holds as resistance…there is a gap down around $28 with also rising support…so if we see a bounce around $28 off of that support, and if the technicals set up nicely, I would look to be a buyer for a bounce…but overall this move down looks bearish. I am long term bearish on PM’s because of the deflationary environment…

  11. simon1080
    December 20, 2012

    Don’t blame the messanger for posting this but I think this aligns well with what ZigZag has been saying?

    Seems the correlation is 90%+ I’d say

    • simon1080
      December 20, 2012

      Im thinking 1419 -1425 area is a good area to load up some longs… On the ES
      with a Stop at say 1417.

      • simon1080
        December 20, 2012

        march contract that is.

  12. job
    December 20, 2012

    Anthony

    Can you update me on the state of the subscription service? I went back to the prior post to join and it said a subscription link would be made available. I’m sure I’m missing it but want to be sure to have access from day one so please advise! Thanks to all contributors for your great updates and wishing all an enjoyable holiday season and the best in 2013!

    job

    PS watch 1410 area — but also remember I am not a great trader!!

    • Anthony
      December 20, 2012

      Gday job

      Youve not posted in a while, hows life?.

      The link will be made available close of trading on the 20th, so if you hang on until then youll be in the clear. All traffic will be redirected at that point to the new site. 2013 Roadmaps have been updated and CIT days for 2013. Platy has just this minute finished updating the new site with her harmonics and we have some new posts coming. If you have any issues email membership@change-in-trend.com and we’ll try to assist you.

      We will be getting some sustainable buy and hold trends in 2013 which should be very profitable.

      Merry Christmas to you and your family too.

      ps 1414-1417, 1404-1407. 😉

      • job
        December 20, 2012

        This all sounds great. Will be watching for the link. Thanks again.

  13. rotrot
    December 19, 2012

    NDX trend trade system…remains up…
    http://tinyurl.com/bqlokgd

    NDX daily trader…signaled a sell…
    http://tinyurl.com/cyer5pf

    still looking for a BIG day on the 21st…good luck with your trading…

    • Anthony
      December 19, 2012

      nice work Rotrot

    • Donald
      December 20, 2012

      Rotrot –I am not sure what to make of your comment. I have been following your postings and your market directions are spot on. Are you expecting a crash or a moonshot on the 21st? Please elaborate this once.

      • SS76
        December 20, 2012

        ZZ is expecting higher and according to his roadmap the market has much higher to go before Jan

    • rotrot
      December 20, 2012

      Donald…thank you for the kind words…NDX trend trade system is a great guide for those who are inclined to focus on the bigger picture rather than the daily squiggles and wiggles…the direction for the 21st is not clear…however the action could be significant…let’s assess after tomorrow’s market action…good luck with your trading…

  14. simon1080
    December 19, 2012

    My CIT work is showing us going down today.. tommorow .. CIT reversal backup on friday.

    • simon1080
      December 19, 2012

      I guess friday would be good to load up on longs..

      • Anthony
        December 19, 2012

        SMI Ergodic has not crossed but will do so if there is further weakness today likely into 21st. There is a CIT on the 21st and also now on the 24th which could mean that a large rally on 21st will reverse back downwards on the Monday.

        The high may well be in and we cannot be certain that Fridays action will take us above the previous high. If the downtrend is confirmed the next shorting opportunities would be Monday 24, Jan 4. for conclusion in early- mid Jan.

        http://www.freestockcharts.com?emailChartID=7c19f119-d5dc-4128-afb0-a2c3609d5393

  15. 1inbluemoon
    December 19, 2012

    you guys are insane. even with ZZ’s data in front of your face you are buying into the potential major top. time to buy was in november, now its time to stay in cash or sell into the strength. what is the point of chasing a few points up, while risking potentially 100+ pts down?

    • 1inbluemoon
      December 19, 2012

      dont mean to offend anyone but.. come on!

      • aiihotline
        December 19, 2012

        I agree. Buy when people are fear. Now it seems people are more comfortable to buy long, which is close to turning point.

        • 1inbluemoon
          December 19, 2012

          take a look at the COT and what big funds are doing – selling this rally. Small specs and large specs are buying. There will be additional selling by commercials to protect sept top.

          • 1inbluemoon
            December 19, 2012

            this is all on light holiday trading volume. its all huff and puff, wait until smoke clears out.

        • Rezito
          December 20, 2012

          Some traders may be buying options and if so 10 points could be 20-30%…just saying not everybody is buying ETFs. I trade options and I’d buy if I thought we could be up 10 points in 5 trading days.

    • James
      December 19, 2012

      SPY stopped at the 1.272 extension. Pausing, not trending down yet. Lots of new breakout highs on many markets–serious buying– which may need retests at a minimum since they are just pulling back today a bit. Hard to tell how the battle between those who want nice year-end numbers and those who want to book profits before tax hikes and spending cuts will play out. If we’re up till Jan 8th, we hit a 90 degree Gann from the Oct 8 high (NYSE). Longer term, you’re right—this is irrational–momentum non-confirmations and lack of supporting economic data to match the inflated sentiment numbers. Just looking at the Fed action of announcing another easing program when stocks were nearer to multi-year highs rather than significant lows, that smells like desperation to me.

      • aiihotline
        December 19, 2012

        In order for the market to turn down, I am looking for a sort of topping formation like M head or expanding wedge. So 12/26-29 top price is relative important for the 1/8 potential high.

    • Michael
      December 19, 2012

      Relax man, I’m long from 1414 so no drama here but thanks for ur input anyway

  16. SS76
    December 19, 2012

    Was that the dip? mighty shallow eh

    • Michael
      December 19, 2012

      SS, there was a dip as well yesterday morning which was good for about 15pts. Didn’t u take it ?

      • SS76
        December 19, 2012

        Hi MIchael. I covered my short at 1334 yesterday.

  17. Michael
    December 19, 2012

    Looking to add long here @spx1442

  18. Peggy Mateer
    December 19, 2012

    compx planetary prices for today:

    3039-40**
    3053
    3056*
    3067
    3075-76**
    3081
    3093**

  19. Peggy Mateer
    December 19, 2012

    thinking more about gold – Martin Armstrong is looking for a low in January but there is a longer term cycle that puts the final low into the Spring of 2013 that could be timed to a powerful cluster of cycles in mid-April. fwiw.

  20. Michael
    December 19, 2012

    Oh dear, I’m seeing dec 21 everywhere on all analysis ! So it could either stop the rally, take it much higher or crash !!! In the words of the great zigman,”i never short the market at this time of the year” looks like a day for tight stops

    For today, past 4 Wednesdays have been green, will it be a 5th ? Goodluck today 🙂

    • SS76
      December 19, 2012

      Dude, it’s vote day on the fiscall cliff, pretty obvious why everyone is touting this date.

  21. Anthony
    December 19, 2012

    As Hirsch conveys, since 1950, the S&P 500 has averaged 1.5% gains for that 7-day window. “Not a big gain, but a nice little positive,” is how he describes it. “There’s this general buying bias by the pros at the end of the year after tax-loss selling.”
    That said, the real magic of Santa Claus is the broader message, as Hirsch explains, citing this little jingle coined by his father: “If Santa clause should fail to call, bears may come to Broad and Wall.”
    What that means is that if the 7 days of trading that end on Thursday January 3rd is negative, it does not bode well for the coming year.
    “What’s important is not to catch this little rally but to use it as indication for what may happen in the coming year,” he says, calling it “an early indicator for the year to come.”

    Hmmmm, so we have a positive move into Jan 4th high, looks bullish for the entire year, market sells off for 1-2 weeks then new highs into the year then collapse.

  22. Anthony
    December 18, 2012

    Longs lighten up by close of 20th in my opinion.

    • James
      December 19, 2012

      That’s close to the last date the ghost of Donald Bradley has to redeem himself this year.

      • Anthony
        December 19, 2012

        His dates are hit & miss. Thats the politest i can be.

    • ratandrea
      December 19, 2012

      So higher into Friday, but lighten up on Thursday. Isn’t Karen expecting a spike higher Friday? I guess I’m a little confused.

      • karen1650
        December 19, 2012

        R, Thurs and Fri are turn days…I was expecting to see either a trough or crest on Weds….looks like a possible crest…

        Anthony is looking for higher prices into Friday…

        I guess we will let price dictate…

        • ratandrea
          December 19, 2012

          Cheers. Thank you both.

      • Anthony
        December 19, 2012

        Higher into Friday, as far as im concerned that is the next CIT day. That could mean a high on Thursday and then straight down on Friday or Friday is a high, price will tell us depending on where it finds resistance. I’ll be watching Thursday into the close to see where we finish, depending on that ill decide whether to short at the close or wait until Friday. The CIT windows have been extremely accurate, if you refer to my freestockcharts link you will see the recent CIT windows.

        • Peggy Mateer
          December 19, 2012

          That link is great Anthony – thanks.

  23. rotrot
    December 18, 2012

    NDX trend trade system…remains up…
    http://tinyurl.com/ch7l57u

    NDX daily trader…looking toppy…
    http://tinyurl.com/cd5h6ex

    looking for a BIG day on the 21st…good luck with your trading…

  24. sirgiyan
    December 18, 2012

    Just bought same TZA and few SPY 145 Dec Puts
    Enjoy

  25. rotrot
    December 18, 2012

    NDX daily trader causes me to believe we could be at some sort of top today… indicators are not nearly as bullish as price would have you believe…looking for a BIG day on the 21st…good luck with your trading…

    • James
      December 18, 2012

      View from the NYSE floor:
      http://tinyurl.com/clako48

    • SS76
      December 18, 2012

      Big down?

      • James
        December 19, 2012

        Can’t predict, but nearly everyone is all-in with leverage. Put volume ~47% below call volume for several days now. Option market-makers must be buying the ES furiously to hedge the losses in long-call positions, going into op-ex. Trading bots seem to be programmed to ignore all but the worst headlines. GE CEO’s comments yesterday about business slowing didn’t make a dent for a minute. The rate of ascent for some of these mkts is not typically sustainable for long. For Wall Street, ‘Santa’ means their yearly bonuses, mainly. The narrative for all this is “fiscal deal will be done,” “Japan will reflate the world,” “bonds yield nothing,” cash is trash,” “Europe is turning the corner,” etc., etc.

  26. Anonymous
    December 18, 2012

    ZZ, u planning on selling another batch here?

    • ZigZag
      December 18, 2012

      No, I’m waiting until Dec 31st. Don’t want to be out for what is usually the best part of the month.

  27. 1inbluemoon
    December 18, 2012

    here we go folks!

    • 1inbluemoon
      December 18, 2012

      folks ignore market technicals and they pay for it dearly. this is what happens when so many get long especially in such highly speculative market as silver.

  28. Michael
    December 18, 2012

    Never mind santas rally, platys marsian ship has hijacked this market into space lol . Sure there were 1 or 2 bad calls lately but 35 spx points in 2 days !!! I said a while ago we shouldn’t question the need to go subs and a good call will pay for a years sub, well good ol Platy just delivered 🙂

    • al
      December 18, 2012

      Michael, I missed this move up because I obviously did not read here what you did. Can you direct me to exactly the post Platy provided that said that Friday was the bottom and to go long. I am just trying to negotiate my way through this blog which I find quite confusing. The top of this discussion has no date on it and also all of the charts were depicting a lower low until the 21st. Perhaps it is my age, but I would like to benefit and pay for a subscription however I seem to be lost here.

      • Anthony
        December 18, 2012

        Hi Al

        Good feedback, all posts and threads are now timestamped on the subscription site.

        E.g.

        Michael
        December 18, 2012
        9:03 am

    • platypusfoot
      December 19, 2012

      LOL thanks Michael, I think it may be good to take profit at around 1450, top of trend channel.

      Al, the discussion was in the other thread about Nasdaq Mars and Venus cycles.
      https://changeintrend.wordpress.com/2012/12/15/1215-nasdaq-mars-72-and-venus-7236-cycles/

  29. curiousmind
    December 18, 2012

    gold and silver just tanked in the face of dollar weakness, silver at 32 and gold at 1682

    • SS76
      December 18, 2012

      and NUGT is getting hammered. Its unreal. NUGT is Down when Gold is down or up, Down with the S&P down or Up, just no rhyme or reason..

  30. Witold (@delubicz)
    December 18, 2012

    Dear Platy,
    sp is up,nq is up,eur/usd 1.3240,and silver 32.320,gold 1693.8, nobody is buying PM!!! What could be the next step?

    • platypusfoot
      December 19, 2012

      Hi Witold, sorry I replied in the other thread. 😀

  31. Michael
    December 18, 2012

    hope you bought the effing dip 🙂

  32. Peggy Mateer
    December 18, 2012

    update… the synodic cit on 12/16 (and Mars pentagonal cit) turned the market back up. today’s very important Earth 0 Ceres 0 Moon is 120 Merc 0 Ven. 1431 and 1467 are planetary prices. A spike high on 12/21 has prices 1477-1480. 12/21 is also an important cit for gold. A bottom there would hold for a while.

    • Anthony
      December 18, 2012

      Thanks Peggy, theres our double top before we head down. Theyll call it a major top, just another buying opportunity into next year.

  33. SS76
    December 18, 2012

    Hi Anthony/Platy. Any thoughts on the miners? I see that an important bottom should have been put in around the 13th according to the Miners roadmap, but it hasn’t really moved much (looking at NUGT right now. What are your thoughts near and med term?

    • platypusfoot
      December 18, 2012

      Hi SS76, I think the miners are waiting on gold to finish bottoming. Once that happens they should do very well.

  34. Michael
    December 18, 2012

    Time to buy the dip guys till at least dec 21

    • investbb
      December 18, 2012

      Hi Michael

      Wondering what dip are you refering to? according the Anthony, he was wrong, and stated now looking at higher price into friday. As well, the dip he is suggesting may happen after 21st. Are you seeing something different from him that you like to share?

      Thanks!

      • Michael
        December 18, 2012

        Investbb, i concur with Anthony. if there are any dips between now and Friday, it should be bought. Upside targets for spx are 1448, 1454 and 1462, key support is 1426-27

    • James
      December 18, 2012

      one possibility to look for:
      https://www.tradingview.com/x/MKPyOzWI/

  35. Anthony
    December 18, 2012

    Slightly off topic but no less important

    http://www.manataka.org/page1578.html

    • James
      December 18, 2012

      More likely humans will turn around when some aliens park a ‘death star’ in orbit above us. 😉

      • James
        December 18, 2012

        Like this headline: Gun Sales Soar In Aftermath Of Newtown Killings

        • ZigZag
          December 18, 2012

          This is the headline I’m watching for that says we’re close to the end of the world:

          “ZeroEdge is bullish” 😉

          • Anthony
            December 18, 2012

            ZeroEdge couldnt agree more mate.

          • James
            December 19, 2012

            That would spoil all the fun. They’d rather chronicle the foibles, follies and vanities of our economic, political and military geniuses. Somebody’s gotta do it. 😉

  36. karen1650
    December 18, 2012

    If we don’t start to turn down tomorrow (need to close above 1430 to continue higher)…then could instead be up into Weds, then Thursday we have a turn…

    If no new high this week, then we could get a lower low than last Friday on the next low…but looks like a possible sideways correction as I mentioned last week…

    • Anthony
      December 18, 2012

      Thanks Karen, im looking at higher into Friday.

  37. kates9999
    December 18, 2012

    so much movement in sagittarius is very bullish i would never short personally with that much activity in sag (marks tops and bottoms therefore Friday marked a bottom)

    • platypusfoot
      December 18, 2012

      Thanks Kates, that’s what I’m seeing too. 🙂

  38. phantom747
    December 18, 2012

    ZZ,
    thanks for your response and time

  39. Anthony
    December 18, 2012

    i think today we could see resistance at the 1445-1447 region. But looking for higher into 21st around 1452-1456 which may move even higher to 1460-1463

    • Dave Lane (@DaveLane9)
      December 18, 2012

      High for this week, will be approx 1457.3 Wednesday morning. Bears are going to be torn to shreds.

      • Anthony
        December 18, 2012

        Hi Dave not seen you around before.

        • Dave Lane (@DaveLane9)
          December 18, 2012

          I was the one you insulted some time ago. You misinterpreted my message. I was the one that was posting the Fake Prints under different name. My message at that time, was I was not going to post the FP. Nobody seem to take notice nor wanted to discuss them. Two of the Fake Prints were right on the MARK. I was not wanting any positive congratulations or any thing of that matter. I was a way for a few days after posting the message. I came back from my retreat and was some what shocked with the neg feed back I received from you and others who misinterpreted my message. My message was that I was not going to post the FP. That did not mean I was leaving the blog. I was some what embarrassed to even post any market analyze since than. I came back for one reason. That was to warn the bears at this critical time in the market and to leave the blog for good on a positive note. My life’s mission from a spiritual point of view, always leave on good terms.

          • Anthony
            December 18, 2012

            Apanalis is that you?

            • curiousmind
              December 18, 2012

              I believe Dave is goldfinger (if I recall the name correctly)

          • curiousmind
            December 18, 2012

            I did send you some congratulations and even a twitter message thanking you for notifying us of the FP. Hope all is well with you

      • Dave Lane (@DaveLane9)
        December 18, 2012

        We are now deep into the jungle(Stock Market), where no man or woman has been before. This is where the bears and the bulls are taken out to the wood shed., only one will prevail. The next huge move is where both the bears and the bulls miss their opportunity to capitalize from a strategic spot in the market. I will be back friday to clarify in more detail on what will happen over the next 6 weeks. I will be in a mountain retreat for a three meditation retreat. day. All the best everyone!!

        PS Watch your emotions when trading, go within to find the best course of action

        • platypusfoot
          December 18, 2012

          Have a nice and relaxing time at the retreat Dave!

        • Dave Lane (@DaveLane9)
          December 18, 2012

          One last comment. Please, make sure you are grounded and centered when you are trading. I will give you a example, on Nov 14th I was about to go long and strong on that day. The technical and the stars seemed to be aligned to make the perfect trade. I sat down at the computer and started to place the trade. All of a sudden, I felt very nauseated, I had to get up from chair to walk around it was so bad. I realized than, it was my intuition kicking in to prevent me from placing the trade. In the business world, it is called the gut instinct. The Ex GE ceo Jack welch use to comment on his gut instincts. In most case when I am about to place the wrong trade, I will get a ping in my stomach area. That is where ones intuition is and where one must listen to. All the best every one!

        • Peggy Mateer
          December 18, 2012

          I’m looking forward to your comments. Thanks Dave.

      • James
        December 18, 2012

        All 19 of them? 😉

  40. Anthony
    December 18, 2012

    Id just like to apologise to all readers for the bad bearish setup call. Good job Zig and Platy are here to set us straight. I underestimated how far they are willing to destroy the dollar.

    • 1inbluemoon
      December 18, 2012

      anthony, you are just a bit early. they’ll stretch the dollar down but wont let it die. yet.

    • SS76
      December 18, 2012

      Much respect for admitting you were wrong (very rare anyone does this). I am short at 1411 cause I had my own low hitting Dec 18th which lined up with your analysis and a few others, so now I am kind of stuck and not sure if I should sell on Wednesday which perhaps will bring me prices closer to 1414 – 1416, or just wait it out for the early January drop that ZZ is predicting which looks fairly steep.

      • Anthony
        December 18, 2012

        Hi SS76 i would try and buy on a dip, possible we could see another opportunity after 21 December (Friday) as Monday is also a CIT on the 26th. Maybe we will get a short sharp drop, probably buy that at the close. The next high i see is 04 Jan. But Zig and Platy are thinking end of December where i have a weekend CIT on 30 December so likely we will get a CIT on the 28th which is the Friday.

  41. phantom747
    December 17, 2012

    zigzag,
    do you still think that there will be low in the next day or so. if not do uo suggest getting long at these levels. thanks

    • ZigZag
      December 17, 2012

      Hi Phantom,

      If we get a dip in the next couple days I think it will be a good buy and hold leading into the Santa rally ti’ll year end. They’re definitely making it hard for me as I’m trying to pick a spot to add more long.

      • 1inbluemoon
        December 18, 2012

        ZZ, i dont understand why chase a few points up when downside risk is enormous?

        Wouldnt it be wise to stay in cash and look for high risk/reward short trades? One can risk a lot less capital for a lot higher reward rate.

        That is if we do correct hard into jan 2013.

        • ZigZag
          December 18, 2012

          Hi 1inbluemoon,

          Well, we don’t know if it’s only a few points up. If anyone has been trying to short since Nov 8th, I hope I saved them from making a mistake, and if anyone has been following me and buying when I did then I hope I have made them money. There will likely be new highs next year and we don’t know how big the next selloff in January might be.

          My plan is to lock in profits by Dec 31st and stay in cash until I see the next longer term opportunity. I’m not a day trader, I only try to find the best times in the trend.

          • 1inbluemoon
            December 18, 2012

            ok i see, so you are only looking at long side and chose to not short this? Makes sense especially since you are sitting on profits.

            correlation with ’66 is at 90% currently since may 2011, which is ridiculously good, so chances are high IMO.

            I lined them up by oct 3rd low and getting actual top this friday – dec 21st..

            • Anthony
              December 18, 2012

              1inbluemoon, thats a CIT date.

              We could get as high as 1460 by then.

            • Anonymous
              December 18, 2012

              bluemoon,

              Actually Zig did well shorting from the last top around 1475 or so and holding to 1420 or so. Maybe we will have a sell-off in January. Certainly quite a few things a lining up to take the market down. Right now it look like we are all buying the news of the fiscal resolution. I wouldn’t be surprised if Zig short the top again.

            • ZigZag
              December 18, 2012

              Hi 1inbluemoon,

              I was short during all of October then flipped long in November. I never short in December.

              • 1inbluemoon
                December 18, 2012

                thanks ZZ.

                Here is quick overlay and correction comparison, if from 1450 level then it would take us down to 1290 level. This is by taking avg. correction numbers and adjusting them accordingly:

                i’ll place half trade last trading day of dec, another half early jan. Statistics is on our side i believe. Thanks ZZ for finding this pattern!

                • ZigZag
                  December 18, 2012

                  🙂

                • karen1650
                  December 18, 2012

                  Blue Moon, seen that correlation before……don’t think it will be correct, but keep tight stops if you are going to short in Jan….be careful of a counter move around mid month…

  42. phantom747
    December 17, 2012

    tst

  43. Anthony
    December 17, 2012

    Last time we had a weekend CIT was the week of 14 September which was the high we had another this weekend.

    Next window 21-24 – trend has turned up

    use the SMI ergodic for confirmation of trend
    use the TSI on a smaller time frame for entry in the CIT window

    http://www.freestockcharts.com?emailChartID=59a7b642-ef05-4f2c-8cad-b5af9e650d8a

  44. platypusfoot
    December 17, 2012

    In case anybody missed my update on AAPL in the other thread, it is likely putting in a significant bottom today because it had a Jupiter 36° cycle on Saturday. AAPL looks to be following its harmonic turns really well.

    • ZigZag
      December 17, 2012

      Excellent work Platy! 🙂

      • platypusfoot
        December 17, 2012

        Thanks ZZ 🙂

    • Anthony
      December 17, 2012

      Superb job yet again, thanks Platy

      • platypusfoot
        December 17, 2012

        Thanks Anthony 😀

  45. 1inbluemoon
    December 17, 2012

    ZigZag,

    Per ’66 im arriving at the top earlier – dec 21st. ’98 correlation gives me top around dec 26th.

    Did you take out the weekdays for future projections?

    You aligned them by oct 3rd ’11, correct?

    Thank you!

    • ZigZag
      December 17, 2012

      Hi 1inbluemoon,

      Historical patterns after a weak Sept and Oct gives me a top date closer to Dec 31st. The final pattern could end up looking similar to the budget deal in Fall of 1990 and the short term T’s are also giving me a date around Dec 31 and Jan 2nd. Some like using calendar days, but I only use trading days in my work.

      1998 shows a rally after Dec 24th and a peak on Jan 2nd. Market went crazy up after Jan 9th 1998. I’m expecting new highs for 2013

      I’m wondering if perhaps Santa caught the cycle low on this chart that was posted on the 5th? http://bit.ly/QIwBYA Might be one more chance to get in this week before the likely holiday push towards Dec 31…Financials are surging once again today, I mentioned on Friday that it looked like $ was moving out of tech and into financials…

      Come rain or shine I am setting Dec 31st as my date for selling all longs and moving to cash. If the market does what I expect, then I’d rather be a little early than late.

      • karen1650
        December 17, 2012

        ZZ, are you basing your correlation for 2013 on 1998?

        • ZigZag
          December 17, 2012

          Hi Karen,

          No, I was just commenting on what 1998 did after it’s Jan 2nd peak and Jan 9th low. I don’t have anything that resembles 1998 at all.
          In fact, ignore everything that I just said about 1998. I was looking at the wrong time frame! lol

          • karen1650
            December 17, 2012

            OK good… was concerned our charts not matching up…my chart has been like the bible for the last 2 years, so I am hoping it continues to match….

            • ZigZag
              December 17, 2012

              No change on my end, we’re still in sync 🙂

            • aiihotline
              December 17, 2012

              Karen,
              What is your chart saying in general direction till the year end?

              • karen1650
                December 17, 2012

                My chart is lining up with ZZ’s…high around Dec 28/29th, then secondary high around Jan 7/8th…

                Alcoa kicks off earnings Jan 8th, so everyone is expecting poor earnings…

                Early 2013 is where my chart starts to possibly differ from ZZ’s….

                • aiihotline
                  December 17, 2012

                  Thanks Karen.

                • Anthony
                  December 18, 2012

                  I have Jan 4 high, but thats the Friday. 🙂

      • ZigZag
        December 17, 2012

        1inbluemoon,

        Forget what I said about 1998. I was looking at the wrong time frame. 1998 actually put in a low on Dec 14th and a high on Jan 8th, but the pattern leading up to it doesn’t agree with where we are now, so I doubt we’re following it.

      • 1inbluemoon
        December 17, 2012

        thanks Z.

        agreed, ’88 corr. fell apart recently. per ’66 we are to enter bear market for 2-3 months into feb ’13 and then big rally into aug-sept 2013. Is that sort of what you are expecting?

        This would correspond with us dollar staging the rally from these levels and metals put in final lows during this time frame before take off into second half of 2013.

        • ZigZag
          December 17, 2012

          Hi blue,

          Yes, that’s sort of what I’m expecting. We should be able to nail down the lows to hopefully within a day or two after we see what early January looks like.

          • 1inbluemoon
            December 17, 2012

            Technical question- do you notice that often T’s from the past data apply to today’s? I see thats what you are showing on your SnP corr charts, at least it looks like a good tool to filter out good correlations. Amazing stuff.

            • ZigZag
              December 17, 2012

              Oh yeah, all the time. It’s remarkable how many of them repeat, or look similar to the past….

      • stevesteve121
        December 17, 2012

        HI ZZ:

        regarding your comment ” The final pattern could end up looking similar to the budget deal in Fall of 1990 ”

        just wondering what did the pattern look like?

        • ZigZag
          December 17, 2012

          Hi Steve,

          It looks very similar to the correlation we are in now. 1990 hit a peak on the Dec 26th and went sideways until Dec 31st, then dropped down to Jan 9th. After Jan 9th it went crazy upside ti’ll Oct 1991. Santa had to come in and save it in Dec 1991.

          • Anthony
            December 18, 2012

            Sounds spot on Mr.T

      • Anonymous
        December 17, 2012

        Thanks ZZ! when do you plan on going short?

        • ZigZag
          December 17, 2012

          I will probably start scaling in short soon after Dec 31st, depending on what things look like.

          • Anthony
            December 17, 2012

            ZigZag i have a CIT date on Sunday 30 December which means that Friday 28 could be the date. I also have another one on 04 January 2013.

            • ZigZag
              December 17, 2012

              Thanks mate. I’m wondering if both of those could a mini double top? the 28th being one and Jan 4th the major one. Kind of like those cat ear tops I drew on the correlation chart back in October.

              • Anthony
                December 17, 2012

                You could be right, i think it will be made to look like a top then cowabunga into 2013, melt up.

                • ZigZag
                  December 17, 2012

                  Very possible. Should be interesting to see what happens after January.

                • stevesteve121
                  December 18, 2012

                  Anthony you have bullish for early 2013?

                  • Anthony
                    December 18, 2012

                    Hey steve, I believe that after an early Jan dip after what will look like a top the dollar will collapse and were off to the races for potentially a parabolic rise. At which point it will be time to exit and relax for some cheese and crackers.

      • Anthony
        December 17, 2012

        Kudos to you and Platy all the time i have been looking at retest lows, well done guys.

        • ZigZag
          December 17, 2012

          Thanks mate 🙂

        • platypusfoot
          December 18, 2012

          Thanks Anthony 🙂

  46. alan (@vindication_red)
    December 17, 2012

    Anthony, do you have a stop for the short 1414spx?

    • Michael
      December 17, 2012

      1414 wouldnt have triggered, low was 1414.9

      • SS76
        December 17, 2012

        Anthony trades pre market so his buy and sells trigger during premarket also.

    • Anthony
      December 17, 2012

      Hi Alan, my order did not get filled, so ill look at shorting again at higher prices, the trend has turned up so next resistance is at 1434-1435

      Edit: Trend has turned up likely next spot for pullback is in 21-24 time frame, however the trend is likely to continue up until early Jan.

      • SS76
        December 18, 2012

        Hi Anthony. Why is it that sometimes your trades get stopped out premarket, but your order this morning didn’t get filled in premarket?

        • Anthony
          December 18, 2012

          Hi SS76,

          its because im using a proxy on an Australian trading platform and its due to the timing aswell. Yesterdays low as i saw it is here. Im going to just start posting cash levels in future to avoid any confusion.

  47. Michael
    December 17, 2012

    Friday is triple witching as well as the end of the world according to the Mayans as well as a CIT !!! Use a stop lol

  48. Stockboom
    December 17, 2012

    Anthony

    Do you think we saw high on S&P in premarket today?

    Thanks

  49. karen1650
    December 16, 2012

    This week it’s possible we get a move up on Monday, then a move down starting Monday or Tuesday down into Weds 19th.

    There are three turns this week…Monday, Thurs, and Fri.

    A pullback Friday to a higher low? or more down…? Thursday should give us clues…

  50. beetlejuice
    December 16, 2012

    I respect you guys please dont take offence, however 25 years investing in markets has taught me that something works until it doesn’t.

    I hold grave fears for the health of this market.

    • beetlejuice
      December 16, 2012

      In the last two weeks the BDI and HARPEX have dropped significantly and yet we are supposed to believe that China has turned the corner

      http://stockcharts.com/h-sc/ui?s=$BDI&p=W&b=5&g=0&id=p43274123023

      • karen1650
        December 17, 2012

        Beetlejuice, BDI has been dropping for several years….

        Nobody on this site is saying we are going to the moon anytime soon….

        • Anonymous
          December 17, 2012

          Karen, yes indeed the BDI has been dropping for several years. Exactly my point.
          Global economy has been declining proving the BDI’s value as a indicator of economic activity.
          What I am concerned about is that it has in the last two weeks turned back down HARD after rising off the lows into mid-November.
          This just adds to the evidence that we are approaching a potential trigger point for the markets.
          At the end of the day each to his own in terms of trading. I just can’t go long this market as I feel the downside risk is far greater than any upside risk. To me it is as much about protecting capital as it is increasing it.

          I believe the trend is down and has been since September and stand ready to short under 1400 and add under 1385.

          Cheers

          • Beetlejuice
            December 17, 2012

            Sorry not sure what happened there…..and should read

            … I feel the downside risk is far greater than any upside reward.

            Let me also add that I think that Anthony and ZZ have really impressed me but by nature I am very sceptical,however sceptics can turn into the greatest believers 🙂

            • Anthony
              December 17, 2012

              Hi BJ

              Thanks for the feedback.

              Im not sure of any market that topped on bad news. Im sure youll know of one. As soon as they mentioned fiscal it was an indication to me that i think they’re planning on taking this market a lot higher. Maybe not immediately but maybe over the course of the next 6-9 months. When the opportunity arises im going to be a heavy buyer.

              I wonder what will happen come earnings season. Growth outlooks by analysts have already been cut. But lets look at unemployment which we know on a global scale is increasing. Even here in Australia where the economy is relativity strong and interest rates are at 3%, thousands of people have been made redundant in the public sector. Wait for it, inflation has been marked at 2%. Try running that number through your electricity and gas bills and you will see that YOY they are up 50-60%, food is up, rents are up, recreation is up. Its all up, hell i even tied a piece of toast to the cat threw it in the air and it just floated up ….my point being that people have smartened up and are saving heavily. All the time the banks are not passing on the full interest rate cuts and making the marginal interest rate on growing deposits. The banks are saving while peoples hard earned $ are being eroded away by inflation. So what next earnings season comes along, those who have been saving inject the system all of a sudden, corporation costs have already been driven down by lower salaries and cheaper labour, profit margins end up being higher because of real inflation and before you know it record profits in a recessionary environment, market sky rockets as earnings smashes analyst estimates, then someone realizes that in this flatpack economy there was 1 screw left over and the whole thing comes tumbling.

              ps i bought some new coffee, Elixir, its bloody good.

  51. Anthony
    December 16, 2012
  52. Witold (@delubicz)
    December 14, 2012

    Hi ZigZag,
    what do you think about ndx? Are you going to buy Apple?
    best Witold

    • ZigZag
      December 14, 2012

      Hi Witold,

      I do like AAPL here, but I think $ is rotating out of tech and going into financials. I will be looking at the patterns in that sector this weekend.

      • ZigZag
        December 14, 2012

        Also, the NDX should also follow everything else until early Jan. I never go short this time of year no matter what’s going on. Never liked the odds going against seasonal trends.

        • Witold (@delubicz)
          December 14, 2012

          I agree with you, I’m not speaking about short the market :)I’ve asked you about because I’ve bought myself contracts

          • ZigZag
            December 14, 2012

            I knew what you were asking. Sometimes I just keep typing and tend to get off track. I probably need some meds 😉

      • Witold (@delubicz)
        December 14, 2012

        Thank you,normally ndx is leading,if we would like to have Santa,let say after today’s low,or after 18-19 th’s low(which date will the CIT according to your roadmap?) then we should have stronger techsector
        Witold

        • ZigZag
          December 14, 2012

          I agree 🙂

          • Witold (@delubicz)
            December 14, 2012

            Thank you, last question and which date of the potential low would you prefer: today or 18-19,which you’ve mentioned few days ago?

            • ZigZag
              December 14, 2012

              Probably the 18th, just because there’s two alignments hitting on the 18th when I measure over from the late Sept and mid October low points. http://bit.ly/XnufwC

              If we’re dropping down on the 18th it should be a good spot imo.

    • James
      December 15, 2012

      Apple had to slash prices on phones and pads–news released after the market close Friday. Chart candles look bearish for now.

    • ZigZag
      December 17, 2012

      Witold…

      Apple sold 2 million iPhone 5 units in China launch this weekend, setting a new record. http://bit.ly/R1mFcW

  53. Anthony
    December 14, 2012

    I think today we will see 1404-1407 with a bounce on Monday into 1424-1426. 2HR trend is down.

    If that level doesnt hold i don’t see anything keep us up until 1380 :s

    • SS76
      December 14, 2012

      200 DMA seems likely to me.

    • James
      December 14, 2012

      Something’s odd here. Euro being goosed relentlessly, while indices are soggy. Need more rumors, more hope. 😉

  54. beetlejuice
    December 14, 2012

    I’ve been trying in recent weeks to see how the market can make new highs in 2013 and quite frankly can’t.
    The Naz which has been leading this market looks like The Sept high will be THE high.
    The weekly chart looks quite bearish to me. After breaking under the large wedge in October the market has been testing the lower trend line of that wedge(underside) for the lest 4 weeks and yet the chart has failed to turn around.

    Now we have the daily chart reversing and the likelihood that price will not only fail to hold the 50dma but will also break the 200dma yet again, whilst at the same time giving a golden cross.
    Adding to the bearish prognosis is the weekly GDX chart which looks like it is going to test the May lows. Miners are leading the way down just as they did prior to the collapse in 08 and I still believe that we are danger of a panic sell at some point.
    If all three indexes fail to hold their 200dma then we are going to have panic IMO.

    Like I say, I want to see the longer term bullish side but just cant.

    http://stockcharts.com/h-sc/ui?s=$COMPQ&p=W&b=5&g=0&id=p55972269280

  55. Anthony
    December 14, 2012

    Targets for Friday:

    If we break 1414-1416, then we head lower to 1404-1407
    If this support holds we could retest previous support at 1424-1426, then after that 1430-1434 then 1440-1442 then 1445-1451. If we get new highs today, im looking at a short.

  56. Anonymous
    December 13, 2012

    its seems the bearish scenario to year end is more likely …. downside target is 1365 then will look to go long into the new year for lucky number “13” 😉

    • Anthony
      December 13, 2012

      Thanks Anon. I concur.

  57. Michael
    December 13, 2012

    Oh dear looks like turn came a day early ! I may have missed the boat on this one waiting for higher levels, hope others here got the short 🙂

    • Anthony
      December 13, 2012

      We broke 1425-1426, low came in at 1416 😉

      • investbb
        December 13, 2012

        Hello Anthony

        Is this the low you were looking for adding long? or you thinking lower low is coming now that we broke that 1425-1426 range?

        Thanks!

        • Anthony
          December 13, 2012

          Hi investbb more downside is likely, I would likely lighten up shorts on weakness in either the 1404-1407 area as there is a CIT due this weekend which can roll into Monday. Most likely we will test these regions bounce next week into 18-19 then down again into 21-24?

          Best bet is for an entry order to sell at below 1414

  58. Peggy Mateer
    December 13, 2012

    might have to add some. 🙂

    December 11, 2012

    looking ahead to a very interesting cluster of transits on 12/18 mid-afternoon with prices:
    1425**
    1419**
    1411-12**
    1397**

    I’ll add more prices if need be.

    • SS76
      December 13, 2012

      pretty wide range Peggy. Where do you expect prices to be come the 18th? I would say 1397 personally on your chart, but I’m targeting the 200 DMA

      • Peggy Mateer
        December 13, 2012

        these are specific prices, not ranges. and scheduled for 12/18 pm.

  59. G
    December 13, 2012

    Two scenarios could play out – either we go down into 18th-21st Dec or we continue down till the end of the month. It all depends on how much the S&P travels in the next few days. 1395 is a good support for S&P and a potential target.

  60. SS76
    December 13, 2012

    According to Anthony, with 1424 breached now a couple times we should head down to test the 1414 – 1416 area next.

    • SS76
      December 13, 2012

      I had 1419 as support and decided to cover now with a loss, expecting a bounce back to 1424 which will now be resistance and reshort there.

    • SS76
      December 13, 2012

      Well, reshorted where I sold, getting nervous we are gonig to really test some lower levels and do not want to miss the boat.

      Brokers love me, even if only $6.95 a trade.

      • James
        December 13, 2012

        The Republican leader has bailed the talks and gone home for Xmas.

  61. Anonymous
    December 13, 2012

    Hi ZZ, do you have an yearly new year target for the SPX? Also, a date on which you think this target will be achieved? Thanks

    • ZigZag
      December 13, 2012

      I have a likely peak hitting on multiple time frames the first week of January. I’m not sure on what the year end price will be.

      • Anonymous
        December 13, 2012

        Thanks when do you plan to add more?

        • Anonymous
          December 13, 2012

          To your long position?

          • ZigZag
            December 13, 2012

            I’ll add more long if we’re still dropping down to around the 18th-19th.

    • James
      December 13, 2012

      Relative weakness of the Nasdaq retracement versus the other indices– specifically market leaders GOOG and AAPL– is not boding well for ‘Santa Claus,’ Also we have the first non-positive reaction to a QE announcement. Selling for tax purposes maybe be in progress. Trendline support in the 1415 area.

  62. SS76
    December 13, 2012

    I think I will place a stop for my SPX short at 1431, although I have my low hitting on the 17th. Worried about the market melting up today. Reshort perhaps tomorrow?

    • Michael
      December 13, 2012

      where are you short from ? I think you’re abit early. I just exited long from 1424 for 6pt. Will be looking for short later today or tomorrow at 1435 or above.
      Your best bet will be above yesterday’s high. That what i would do, it could be wrong.

    • James
      December 13, 2012

      there were numerous algo-inspired flash-crashes this morning right before the open… HPQ (traded down to $3 from $14 in about 100ms), S (from $5.50 to $2.75 in 150ms), GS (from $117 to $94 in 45ms) and C (from $36.00 to $20.00 in 90ms.

    • SS76
      December 13, 2012

      Thanks Michael. I am short from 1411, unfortunately. Had Dec 6th as a high but should have listened to ZZ who had the high coming around the 11th.

      Next week I do expect lower prices and will be able to recover my losses so i’m not terribly worried….yet.

  63. Anthony
    December 13, 2012

    Checkout the ATSI signals vs ZigZags correlation chart shifted forward 4 days. These signals are totally independent of each other but look how the turns line up with the ATSI. Note: ATSI shows cyclical swing points for timing and not direction.

    • ZigZag
      December 13, 2012

      thATSI-mazing! 🙂

    • karen1650
      December 13, 2012

      Very Nice!

  64. Anthony
    December 13, 2012

    1424-1425 regained. ATSI chart updated with 2 day shift https://changeintrend.files.wordpress.com/2012/12/atsi.png

  65. Anthony
    December 13, 2012

    Testing 1424-1425. Must hold if we are heading up.

    • Anonymous
      December 13, 2012

      There were numerous algo-inspired flash-crashes this morning right before the open… HPQ (traded down to $3 from $14 in about 100ms), S (from $5.50 to $2.75 in 150ms), GS (from $117 to $94 in 45ms) and C (from $36.00 to $20.00 in 90ms

  66. myuniversalworld
    December 13, 2012

    I thoroughly enjoy this blog and I give praise to Anthony, Zig Zag and Platy for their great work. Also thanks to all members for their posts as well.

    • Anthony
      December 13, 2012

      Thanks MUW 🙂

    • ZigZag
      December 13, 2012

      Good to hear that MUW. Thank you! 🙂

  67. simon1080
    December 12, 2012

    Anthony do you have a downside target in mind for the pull back your expecting?
    and by what date if you dont mind sharing.

    • Anthony
      December 12, 2012

      Hi Simon

      IF we break below 1425-1424 the first test will be the 1414-1416 region, then after that 1404-1406. If these hold our weekly trend will remain up. Looking at the swing indicator a move below this weekly low will validate a move down into the next low due in the week of 21 December. However the stochastics on a weekly time frame are not at overbought levels yet and could suggest that if these downside targets act as support we could see price as high as 1450 to 1500 by the end of December.

      On a daily time frame there is another ATSI signal on Friday with a CIT over the weekend and a smaller cycle providing some bullish bias up until Friday. From a resistance perspective i thought that we posted the high 2 days ago however that was breached yesterday and would suggest the next upside target of 1442-1447 by this time frame.

      Edit: Intraday we are finding decent support at around 1425, in the cash market we could see some support at these levels as previously stated and a move upto 1433-1434 being the first point of resistance if we are to continue downwards. If we find support at 1433-1434 then we could test 1442-1447 by the end of the week.

      With a weekend CIT and a weekly ATSI signal (https://changeintrend.files.wordpress.com/2012/12/antswingindicatorweekly.png) those who are still long should move their stops up to low of the previous 2 weeks. Those who are looking to go short into the 21st window, providing upside targets have been met the weekend CIT could provide the catalyst for a bearish move next week.

      • SS76
        December 13, 2012

        This is really helpful Anthony, thanks. I’m really going to miss all you guys.

        • Anthony
          December 13, 2012

          No worries SS76 it was good having you around.

      • Michael
        December 13, 2012

        Anthony, your price levels and game plan are spot on ! I had planned exactly the same, move down into 24-25 support, bounce up to resistance and short into CIT tomorrow

  68. apanalis
    December 12, 2012

    For all of you:

    ihttp://www.youtube.com/watch?v=aSV3N6R5cvQ

    • apanalis
      December 12, 2012

      Again:

      • Anthony
        December 13, 2012

        That reminds me, i need to clear out my wardrobe.

        • ZigZag
          December 13, 2012
        • apanalis
          December 13, 2012

          Decade of 80s.

          Let´s have a look to 90s:

          • apanalis
            December 13, 2012

            Nowdays, Peter Gabriel, a genious of music:

            • Anthony
              December 13, 2012

              Apanalis you’ve posted this 3 times. In your eyes are you seeing tripple?

              • apanalis
                December 13, 2012

                I´m sorry if I disturb you .Not any more, Anthony. I see my comments are not wellcome here from the first day.

                Thanks a lot to everybody

                • Anthony
                  December 13, 2012

                  Apanalis

                  Your comments are welcome. But they don’t need to be repeated everyday.

  69. apanalis
    December 12, 2012

    9 days left to 21st dec12, I will show what I have been expelining about the Dow Jones.

    As you can see the Industrials is getting over the MA20, as did with the MA50 (weekly).

    Is similar situation as 2007 top chart, also 1999-2000. HCH and HCH, The top markets are very choppy in mid-term. Drops about 10-12%( or more) to beat the last higs.

    What the Industrials is doing now is an historic charting manual (sorry about my english).

    What i´m expecting is a retracement about 14-16%.

    Similar to jan07 from thr top or, 2000, or Bovespa in jun11.

    You have the dates in this page, Zig Zag and platy have some in mid-end dec, and beginning jan13. The top is around the corner.

    But, after that, there are two scenarios:

    1- The Bearish one: That means the Industrials is going to see 9.000 or less in a manual drop of at least 0,618 retracement that occurs after a drop-the 9th year from the 1st peak(2000)- (2009) about 50% and a mini-bullish-cycle of 2-3 years about 100% (from 6.400 to 13.600).

    The Investors Intelligence chart from long term is pointing out and the Breadth Inv. Intelligence too.

    Bovespa Index is for me an advanced index for the Industrials.

    The recession is boardering the US, 4 recession in a 17 years Cycle. It´s time to.

    The FED has been delaying it, and Us markets should have topped in summer, even in may12. The Russell or the Transportation hit.

    2- The Bullish scenerio mantein the last wiplash for the markets before it ends this year, and the majority of analyst, US and foreign defend.

    But I mantein this is not a standard cycle, the Industrials can´t go up any more.

    Only the DOW from 1906 to 1923 has some correlation, but no in time, the cycles after a drop about 50% is fast and huge, and this is not the case, in 2010 and 2011 we can see drops (15-20%) The 1st is the standard type, the second not much.

    And the 45-years Cycle can do the rest, if we compare the 2012-13 Industrials to 1967.

    Luck to everybody, I bet a long time ago for the 1st one, is the normal situation, the historic structure for the Dow Jones, but I don´t know what is in mind in the FED.

    I´m agree with ZZ about the retracement to march, or feb13, but the key is after.

    For me next bottom in jun13 and doble bottom may be in ago13.

    If I´m wrong, i´m sorry

    Thanks to platy, ZZ and Anthony, they know where i am.

    • apanalis
      December 12, 2012

      before ends 2013 (in the bullish scenario)

    • Anonymous
      December 12, 2012

      im sure someone out there understands this……

      • karen1650
        December 12, 2012

        I wish I could understand what apanalis is saying, but from what I can understand, I think his timing may be off…

        • apanalis
          December 12, 2012

          Off in which scenario, the bearish or the bullish one, karen?

          • karen1650
            December 12, 2012

            Why don’t give me your email and I can send you a msg….

            • apanalis
              December 12, 2012

              Is that possible?

    • apanalis
      December 12, 2012

      SHS formation (in spanish HCH) Shoulders-Head-Shoulders (Sorry).

  70. ZigZag
    December 12, 2012

    I still think there’s one more pullback here soon before the Santa rally. Okay, back to my coma. 😉

    • Stockboom
      December 12, 2012

      ZZ, the market is going I don’t think it is going to happen, I am seeing we will see pull back during 27th 28th with low volume!

    • investbb
      December 12, 2012

      Hello ZZ

      This pullback you think may happen, is it like couple points drop from current price, cause we saw that yesterday near the end and was bought back up. Or something bigger?

      Thanks!

    • Stockboom
      December 12, 2012

      Or maybe North Korea rocket launch will create panic and market will sell off…LOL that’s the best possibility I see on how market can pull back after today….

      • ZigZag
        December 12, 2012

        LOL! “The Adventures of Kim Jong Un” http://bit.ly/Jg8p9A

        Sb investbb, I don’t expect anything big until early January. I have no plans to short or sell longs until after New Years day..

    • Anonymous
      December 12, 2012

      ZZ, whats your timing for the pullback? in other words when do you think we lift off again? Thanks

      • ZigZag
        December 13, 2012

        Hi Anon,

        If we get the drop, I would think sometime around the 19th looks good.

  71. beetlejuice
    December 12, 2012

    The US Fed has just embarked upon the most dangerous course in its history. It is going to destroy the bond and currency markets.

    They have way overstepped heir mark.

  72. Stockboom
    December 12, 2012

    Can anyone please explain the rational behind buying more treasuries $ 45 billion per month? or market is going up for no reason as this has been cooked already from Fed’s original announcement? if this is new round of stimulus then commodities and market will go higher and higher…

    Thanks

  73. ZigZag
    December 12, 2012

    Raise your hand if you wished you would have bought more on Nov 8th and then went in a coma until today 😉

    Of course, without any brain damage too. lol

    • myuniversalworld
      December 12, 2012

      Yes ZZ i raise my hands, wish I had bought a lot more longs that’s for sure 😦 May not be much of a pullback into mid December as you have mentioned. If we get one it should be a good place to go long for next push up in the markets. Are you seeing a double top into early January before the next sell off?

      Thanks ZZ.

      • ZigZag
        December 12, 2012

        Hi MUW,

        I’m not sure if we’ll double top or not and it wouldn’t surprise me if we did. The correlation hits close to January 8th but other patterns that I look at say it might be closer to the Jan 2-3.

        • Klaas
          December 12, 2012

          1440-1444 after that a wolfwave projection to 1387 (15 December ???)
          Rally to 8 Januari to new high

          • ZigZag
            December 12, 2012

            Hi Klass,

            Yeah, a price move like that would still be within historical patterns. If we get down to your WW low, I’ll definitely be buying more. My best guess is it could be somewhere closer to the 19th.

            • IHS
              December 12, 2012

              Hi ZigZag, so you are seeing the price going down till the 19th?

              • ZigZag
                December 13, 2012

                Hi IHS,

                Don’t know for sure, but if we do get the drop, I would bet sometime around the 19th would be the best area to take advantage of the likely Santa rally till year end.

    • rotrot
      December 12, 2012

      ZigZag…very nice…as posted the other day my NDX trend trader remains in up trend mode…beginning this week will post the trend trader every weekend or earlier if a change in trend is signaled…good luck with your trading…

      • ZigZag
        December 12, 2012

        Thanks Rotx2,

        I always look forward to viewing that chart of yours…Excellent stuff!

      • Anthony
        December 12, 2012

        ive always enjoyed those charts.

  74. Michael
    December 12, 2012

    If FED announcement is favourable, possible short at 1442 or 1435 depending on reaction and charts. Bearish thoughts anyone ? 🙂

    • platypusfoot
      December 12, 2012

      My thoughts – be very careful about shorting this market.

    • Michael
      December 12, 2012

      took some heat @1435 but it worked a treat 🙂 next big down day should be friday

  75. Anonymous
    December 12, 2012

    Platy,
    Tks again for the details and thoughts you are providing in the trade section. It is easy to find, clear, concise and helpful.

    Testy99

    • platypusfoot
      December 12, 2012

      Thanks Testy, glad you like it 🙂

  76. ZigZag
    December 11, 2012

    We’re probably getting close to that mid Dec peak from previous chart. Will load up another batch long if there’s a good pullback before Santa comes to town.

    • Peggy Mateer
      December 11, 2012

      looking ahead to a very interesting cluster of transits on 12/18 mid-afternoon with prices:
      1425**
      1419**
      1411-12**
      1397**

      I’ll add more prices if need be.

      • Anthony
        December 11, 2012

        Thanks Peggy

      • ZigZag
        December 11, 2012

        Good to know..Thanks Peggy 🙂

    • SS76
      December 11, 2012

      How far do you think a pull back takes us?

      • ZigZag
        December 11, 2012

        Hi SS76,

        I’m not sure, but I doubt it will be very much.

    • Anonymous
      December 11, 2012

      Hi,
      I thought your correlation chart showed a low in mid-December…did it invert? tks in advance…

      • ZigZag
        December 11, 2012

        No, it didn’t invert, it just hasn’t happened yet. SPX is the 15th and the INDU is the 19th. My guess is somewhere in there will be the next low before the early January peak. It’s possible that we don’t get the pullback and go straight to early January.

  77. Michael
    December 11, 2012

    Short spx 1432 stop 1436

    • Anthony
      December 11, 2012

      Nice trade Michael I think we posted our high today.

      • SS76
        December 11, 2012

        I hope so, lol

      • Michael
        December 11, 2012

        Thanks Anthony, that rally into the close got me sweating a bit 🙂 1435 is big resistance, if that breaks I think 1440s is next

        • Witold (@delubicz)
          December 11, 2012

          Michael,sorry,but it could be not so nice trade,because the inverted H&S is forming on s&p,if we’ll continue this uptrend according to ZigZag’s roadmap, the textbook target of this IHS is new high before meaningful pullback or change in trend… We’ll see tomorrow after FED

          • Michael
            December 11, 2012

            Witold that’s what makes markets – difference of opinion but if I’m wrong it’s ok as I was long from 1412 last week so my max loss of 4 pts is ok . Goodluck if you’re trading the other side

  78. apanalis
    December 11, 2012

    The DOW JONES must get over MA50 and MA20 +- clear, and this will end the rebound.

    If that happens like I have studied, my target for the Industrials is lower than 11.700-12.000, nearest 11.000.

    later on we will see.

    • apanalis
      December 11, 2012

      My previous target for the Industrials was 11.700-12.000 because I expected a retracement about 11-14% from last sep12 highs, as i expected a drop about 8-10% in may-jun12. In this case i considered an incompletly bearish impulse but i can see how the Industrials is getting over the MA50-MA20, the s&p, the Russell, the Transportation, etc and i consider in this moment the rebound from is unfolding, but with no much more punch.

      As i said, you can see NDX, an advanced index, how is its behaviour.

    • SS76
      December 11, 2012

      How long do you see it playing out before it gets there apanalis?

      • apanalis
        December 11, 2012

        Playing out means to see the top of this rebound SS76?

        Some sessions, but I never contemplete new highs, observe the MA20 and MA50, they must get over specially in the Dow Jones, lack a bit in the ma20, but it could consume this week, the next, the last, first of jan13, you have ZZ dates, platy dates and A dates, but in next days or weeks we must see the top.

  79. SS76
    December 11, 2012

    Seems to be only one way to play this market….follow ZZ ‘s trades. Look at the bigger trend and forget the squiggles.

    • Michael
      December 11, 2012

      SS, you are right, yes ZZ chart triggered way too early but its now in-sync with the market. My target of 1432 has now been reach on SPX from last friday. Friday 14th should be the next turn down.

      Tomorrow FOMC, might be a sell the news day ?

      • Witold (@delubicz)
        December 11, 2012

        Hi,
        Friday 14th high before turn down or low,after tomorrow’s high?

        • Michael
          December 11, 2012

          Friday down

    • apanalis
      December 11, 2012

      I was thinking the same, SS76, in the mid-term is very rewarding, without retail, working with ETfs.

      • apanalis
        December 11, 2012

        Said that, you can see, what is doing Nasdaq, it use to be an advanced Index and is far from the top.

  80. apanalis
    December 10, 2012

    Employment Ciff (all is in calm): Observe the 66-83 recession and the nowdays cahrt:

    • apanalis
      December 10, 2012

      recessions, sorry, 4 in 17 yeras, the next?

  81. apanalis
    December 10, 2012

    A lot of weeks- months? ago I posted target DOW 11.700-12.000. Be patient. I read a lot of dates, but if you walk slowly in mid-term you obtain the result.

    After, my target is 9.000 DOW, but first I must check out some indicators from now to jan13.

    • Andrew
      December 10, 2012

      Apanalis,

      Have you changed your mind? Are you going to join the subscription based website?

      • apanalis
        December 10, 2012

        I´m afraid, not in the short term, I´m a Cycle Analyst that never have paid any suscrpition and neither recieved any money for my knolodge, but never say never to anything.

    • apanalis
      December 10, 2012

      And in the short term until the end of 2012, if this target is not reached, I wrote some dates ago that my expectation was sideways, may be some highs in some indexes and some drops until the end of year, nothing relevant. For now, we are seeing desorrelartions in US, Asia and Europe indexes, that occurs before big movements.

    • rotrot
      December 10, 2012

      Unemployment to Turn Up in 2013 – Tom McClellan, September 21, 2012

      http://www.mcoscillator.com/learning_center/weekly_chart/unemployment_to_turn_up_in_2013/

      • Anonymous
        December 11, 2012

        If this is the bottom in the UE rate, watch for 1/2 point rise in the rate–ECRI keeps calling for a recession, but never a recession until you get that 1/2 point uptick in UE. Then down we go.

        • Anthony
          December 11, 2012

          Anon, i have to agree with you on this. Wait for the ECRI “were in the clear”……….

  82. ZigZag
    December 10, 2012

    Tomorrow is 10 trading days till Christmas. Past 20 yrs. avg. return +0.49% almost 2x typical return.

    – Santa Claus rally is typically from Dec 26 till New Years day.

    • Anthony
      December 10, 2012

      Thanks ZigZag

    • Michael
      December 11, 2012

      Great info ! Thanks zigzag

  83. Anonymous
    December 10, 2012

    Platy,
    Your latest gold trade is crystal clear with the details (price, stop, target). Thank you for that and good luck with the trade.

    • platypusfoot
      December 10, 2012

      Thank you Anon, when we get finished with the correction you’re going to love my next target 😀

      • Andrew
        December 10, 2012

        Dear Platy,

        This all sounds quite mouthwatering! Should we wait for the subscription based website to obtain particulars of the correction pricing in GOLD, and your next target! In the interim, have you considered re-doing the silver road map?

        Andrew

        • platypusfoot
          December 10, 2012

          Nah, I will state my target when I enter my trade 🙂
          I’m not ready to do a new roadmap yet. Sometimes I can picture clearly how things should play out, and other times not. For now I am just waiting (and hoping) for my downside targets and then I need to see it play out a while.

        • platypusfoot
          December 11, 2012

          Sorry just realized you are asking me how far will gold correct. I think it will tag the 300 DMA, which is currently 1677.8. Looking pretty good for that to happen on Wednesday.

        • platypusfoot
          December 11, 2012

          For silver I’m looking for about 32.1.

  84. Anonymous
    December 10, 2012

    Any thoughts on where the December low takes us? My guess is it will simply be a backtest of the 200 DMA at 1387

    • SS76
      December 10, 2012

      That was me, SS76

  85. rotrot
    December 10, 2012

    NDX trend trader…trend remains up…in my view, AAPL remains key…good luck with your trading…

    • karen1650
      December 10, 2012

      I’m expecting Apple to make a lower low below $505 for a possible wave 5 down…in the near term….should this play out…this would be considered wave A, then a retrace up for wave B, then down for wave C to start some time in 2013…

  86. karen1650
    December 10, 2012

    If we don’t start to turn down today, it’s quite possible we see the market hold up into the 14/17th time frame and then down into Christmas… that would throw everyone off….

    • Anonymous
      December 10, 2012

      It certainly would buck everyone off the horse if it occurred…

  87. Beetlejuice
    December 10, 2012

    So many currencies nearing crucial price points here. Euro failed to break the down trend from the May 11 high. Either it breaks higher or it breaks the lower uptrend from the June low

    http://stockcharts.com/h-sc/ui?s=$XEU&p=W&b=5&g=0&id=p71225969459

  88. Peggy Mateer
    December 10, 2012

    planetary prices for today:

    1429
    1426*
    1418-19*
    1416
    1412
    1407
    1404*

    • Peggy Mateer
      December 10, 2012

      also, today and tomorrow 1428-1429** are important resistance. 1419 has held so far today but no sign of a turn down yet either.

      • Peggy Mateer
        December 11, 2012

        closing today above 1428-29** leaves the door open to much higher prices (1496) by 12/18ish. I’ll work on pinpointing if that happens.

  89. Beetlejuice
    December 10, 2012

    Long positions in the AUD are their highest in almost 20 years

    Lookout below!!!

    • Beetlejuice
      December 10, 2012

      I think I posted this last week?….I really dont like the look of this chart even though oscillators are pointing up. It looks exhausted to me.

      http://stockcharts.com/h-sc/ui?s=$XAD&p=W&b=5&g=0&id=p34272041838

    • curiousmind
      December 10, 2012

      AUD has been the shining star this past few weeks even with the drop in spx. I think it needs a shock to scare the longs to sell, and start some kind of correction for AUD.

  90. karen1650
    December 9, 2012

    Last week: my medium chart said a possible high on 6th or 7th….SPX got a high on the 3rd and Dow made a higher high on the 7th. From and EW point of view, it’s possible the SPX had 5 waves down from the 12/3 high to 12/5 low, therefore it usually indicates an abc up to a lower high and then more down. The low we need to go below is 1398.23, that would then indicate a downtrend (lower high, lower low). So far we have an abc up, to a lower high…The internals on the SPX are weaker than the Dow, and we are setting up for some negative divergences. On top of that we have an inter-market bearish divergence where one or more indexes made a new high and others did not.

    This week: There are a couple of turn dates this week, Wednesday and Friday. My weekly chart says we are down in the early week, and astro’s support this. My medium term chart says that if we turn down on Monday, then there is a chance we get a turn up or volatility on Wednesday, then it’s possible we see Friday turn down into the 17th or 18th, so the turns support my chart. My medium chart then says we bounce, then a lower high around 20/21, then up into the 26 or so.

    My only concern is around the pullback of the 20th or 21st. Astro’s could argue both directions after this time period…so should the turn down into the 20/21st lead us into a lower low, then it’s possible we see the chart invert and then lower prices into the end of December. ZZ’s charts support a bounce and so do mine so we will look at the technicals around that time…but so far we have seen relatively bullish behavior in the market so….the likely direction is up.

    • Anthony
      December 10, 2012

      Hadik –

      Stock Indices have already rebounded 50%–.618 of their initial declines – the optimum retracement levels for a ‘B’ wave bounce…this action gives strong confirmation to the overall outlook for a multi-month drop into late-January/early-February 2013. A low on February 4–8, 2013 – the ideal cycle scenario – would complete:

      A 16-month low-low-low-(low) Cycle Progression.An 8-month low-low-low-(low) Cycle Progression. A 35-week (same as 8-month, but honed to the most likely week) low-low-(low) Cycle Progression.

      • karen1650
        December 10, 2012

        I like Hadik, he has made some good calls, but sometimes his lows end up being highs and vice versa…not sure what to make of his Feb 4-8 date, it doesn’t line up on my charts as a significant high or low…???

        If we get a sideways correction in the next week or so, I would think that would indicate a bullish move once finished…??

        • Anthony
          December 10, 2012

          I know that there is an ATSI signal in late December for metals, i say i know, off the top of my head, will post more later.

    • platypusfoot
      December 9, 2012

      This is really cool Anthony!

      FWIW I have a Mars 72° cycle Dec 15, the same day as ZZ’s projected low. If we do move down into this date I don’t think I would risk being short after this point.

      There is also another Ceres 36° cycle on 12/27, very close to your major turn.

      • ZigZag
        December 9, 2012

        The 1990 budget talks also had a November and a mid December low before a double top in January. It sort of rhymes with the correlation path and it even had the number 9 in there 😉
        http://bit.ly/QRAfj6

        • Anthony
          December 9, 2012

          Interesting chart ZigZag, lets see if we get our dip then rise into this period. Youve been spot on so far.

      • Anthony
        December 9, 2012

        Thanks Susan. Been working on it for a while now. I was calculating it in Excel but managed to program it into my software, much easier to view all instruments now and run scans. Ill be posting some gold charts later.

      • Peggy Mateer
        December 10, 2012

        also a synodic cycle on 12/16 – so that weekend (12/15-16) looks like an important turn.

        • karen1650
          December 11, 2012

          Merriman has a reversal and big range day on the 17th for metals…

          • Anthony
            December 11, 2012

            That could work, ATSI signals on 11th and 14th (Friday which could be the low)

            • karen1650
              December 11, 2012

              I was thinking we would see a high on the 7th, which would line up with a low around the 17th, but the price action of today was not confirming that, I feel we should have seen lower prices today if it was a high. So I am keeping my mind open for the possibility we see a high on 13/14th with a possible move down on the 17th…?? There is a new moon on the 13th, and If I shift my chart a high around the 13/14th lines up with a low around 24/26th.

              So i guess we will have to see how this week plays out…seems the last time they announced QE3 the market had a slight burst of energy to fake everyone out, then deflated….

              Obama’s deadline to come to an agreement by the 21st might be defeated…they may have to kick the can….and that may disappoint the markets…if only for a while…

    • ZigZag
      December 9, 2012

      Nice one mate! I’m going to call that the ATSI 🙂

    • Beetlejuice
      December 10, 2012

      Anthony this is great. Keep it as a permanent fixture.

      • Anthony
        December 10, 2012

        Thanks for the kind words, was working on it all last week.

  91. aiihotline
    December 8, 2012

    Karen,
    What’s your take on next week?
    Tks!

    • karen1650
      December 8, 2012

      I will post my 2 cents on Sunday when I have a chance to look at all the info….

  92. Rezito
    December 8, 2012

    Thanks Anthony.
    The market has been very choppy and uncoordinated. Apple and the Qs have been doing their own thing vs SPX and DJ. It’s a messy move out of the Nov15 lows.
    The miners are signalling a potential low. I’m still long the Qs from mid Nov with half in cash.

  93. stockyard262
    December 8, 2012

    I currently hold a batch of BAC puts I picked up after it broke out and made a new 52wk high this week. if financials are still leading market, this may be a clue for the rest of the year…I expect a retrace to the upper trend line where I’ll unload puts.

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