09/13/2012 Live Update

[KeiZai]

read carefully lol ...- before "bigger" correction ...I have monthly squeezes all over the place, if they fire it can last for years and then new bull market is born
Based on cyclical models we have to spend 2 more years in this range but u know this time should be different ...GL bud!

just 2 of them

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The "bigger correction" That is funny.

On a serious note, I would be obliged if you can share some info on the cyclical models. You see, I did get out of my long term equities a month ago. Today's announcement breaks every 'super bear' model's back. We are not going to 600, not even 1000, heck I would be happy if we dip below 1400 so I can get back in again at the place where I left.

From EWT perspective, the Ending Diagonal has now become a series of 1,2,1,2s which means a really bullish 3 when it fires. Ben lit the match today. On much smaller timeframes, I have seen such 3s to be twice or more of 1. Assuming 3 as twice of 1 and 1 being about 550 points, we get 3 at 1010+1100 = 2110 And that is just 3 with a little lull in 4 and then 5 to that much as beyond. These number may look unrealistic, even lunatic, but are there many here who, in March 2009, thought we would be up 800 points in 3 years? To reach 2110 it is only 650 points that we can easily traverse in a couple of years now that everyone knows the power of Ben's put.

Posted something about them in weekend forum but you can check your PM

[daytradingES]

Perhaps TG's 19 Sep? for a pullback?

another new member! (thats what King likes to see) OR just a new name?
Welcome to the BOARD!
this is from the Astro pages (but vote for Cobra herehttp://stockcharts.com/public/1684859

small chance for a s/t top around this time (+- few days)
GL, JOe

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Hi Everyone!

Thanks for the welcome Joe!

(I tried to post a New-to-the-board but messed up the post some how -argh!)

I would like to thank everyone for there great charts. It seems like a excellent group!
A special thank-you to Cobra for sharing his insights and all his hard work!!!

Good trading everyone,

Ian

(I'll repost this tomorrow because its so late - I needed a nap!)

[Petsamo]

Romney is predicted to be the next President. I think the market is pricing him in.
http://www.huffingtonpost.com/2012/08/2 ... 22933.html

As I've said several times before, the electoral math has favored Obama. It still does.

Who am I gonna believe, Xian or a couple of professors? There's no contest.

[TradingJackal]

Wanted to present what happens when SPX closes outside the weekly BB (14,2). Looks like we will mostly do that. So, in anticipation -
Green is when when the next week's bar continues to set a higher high and closes higher high.
Yellow is when next week (or weeks) stays pretty much within the range of the bar in question.
Red is when the next week (or weeks) turns south and closes below the bar in question usually followed by many more weekly red bars.

These lines were drawn just by eyeballing the chart so they may not be very accurate.

What you will see is that we either continue up or take a breather (green and yellow lines) at the beginning and fag end of 3rd waves. The red lines (at least two of them) are the end of the fifth wave (5 of 1 or 5 of 3, etc).
The question is where are we now? Where we close next week will be a good tell of the counts. If we close below the open of this week's bar, then there is more selling to come. If not, it would be a great BTFD opportunity.