04/05/2012 Live Update

[Cobra]

I have no idea about the market now. normally should be the low was in, we're on the 2nd leg rebound somewhere around. the normal pattern should be like this.

This is for today?

today and the next few days.

Thanks, is there a big triangle forming?

Diamond as either continuation or bottom. so not help at all, we'll have to wait and see.

[MrMiyagi]

Power Hour coming up. Who will it be brought to you by today; The letter B for sure!

[Cobra]

AAPL pattern is bullish, a bull flag I see.

[tomsky]

DJIA keeps bouncing from support. Consolidation before breakdown?

[Cobra]

if you read my daily market outlook, should be now very familiar with the 3 push up pattern, so you should know AAPL is at key time now. This coincide with the SPY 3 push up pattern I've been blah blah recently. Just a coincidence? Well, we'll see.

[Cobra]

should be some resistances here. but still I think the low was in, this is the 2nd up leg.

[MrMiyagi]

should be some resistances here. but still I think the low was in, this is the 2nd up leg.

I'm sure you've covered this Cobra, when you post your measured moves are they good for the day, unless otherwise mentioned?

[Cobra]

should be some resistances here. but still I think the low was in, this is the 2nd up leg.

I'm sure you've covered this Cobra, when you post your measured moves are they good for the day, unless otherwise mentioned?

looks like bulls might be unable to reach the target today, but the target should be good the next Monday assume no sharp down here.

[MrMiyagi]

Allright then, thank for the quick reply.

[MrMiyagi]

SPY is dancing with today's downtrend line; I think if it manages to break 139.84$ it should close green.

[BullBear52x]

Strongest link is QQQ

Thanks Cobra and everyone, have a wonderful long weekend.

[stucap]

i think it's buy:thirty. expect a surge to HOD.

[Cobra]

testing resistance again. again I'm clueless about the market now, although I still believe the low was in.

[mac769]

Really interesting analysis, my finding is that when using the Bradly-Model with Ceres (maybe the "black swan" of the long time unknown dwarf planets) we get a slightly different picture for 2012 with turning points end of April and end of July.

Reading time market is boring,

astro long term article:

Most people simply don’t know anything about the complexity of astrology, its history, or the fact that the system of symbolism and prediction is based on observation by literally millions of practitioners over thousands of years.
It is simply a clearly demonstrable fact that trading The Moods of The Moon - the monthly phases of the lunar cycle - produces steady and reliable profits across any long-term timeframe.
And many of those same dismissive readers will happily fork out bundles of boodle to be trained in Gann techniques, or take notice of the Bradley Model turn dates - without having a clue that both are deeply rooted in astrological aspects.

The attachment Jupiter 1.png is no longer available

It is a monthly of the venerable Dow Jones Industrial Average and shows the statistical tendency worked perfectly at the 1999/2000 top, the 2002/03 bottom, the 2007 blow-off and the March, 2009 bottom.

The warning signals from the research are clear. If the historical tendency plays out as usual, Wall Street is reaching a peak in early 2012 and heading into a Bear market which could last until mid-2014.

In fact, the late Aries peak expected by the research data did play out on schedule in May, 2011. You’ll notice the price bars on the DJIA peaked just before the dark green solid bars which identify when Jupiter changed signs to Taurus and that the index is currently challenging that level again.

Since the May 2011 peak, Jupiter has been moving Direct and Retrograde in the early degrees of Taurus.
When I first published this chart in my Forecast 2012 early in January, I warned the position of Jupiter allowed a final rally into the first few weeks of March.
Now, the research shows a statistical tendency … not a cast-iron guarantee.
While the formula played out exactly from 1999 to 2009, there have been a few times when rallies have briefly exceeded the Jupiter in Taurus limit before diving into a Leo Bear bottom.

And 1929 was one of them.

The attachment Jupiter 1928.png is no longer available

We could consider that the blow-off rally past Taurus was the technical equivalent of “a false break”. And one of the rules of a failed false break pattern is that the reversal is large and sharp, regardless of whether the break is a high or a low.

The dive into the red Jupiter in Leo bars is as obvious as the recovery rally which peaked as Jupiter again left his home sign of Sagittarius and the DJIA dropped into the first trough of a double-bottom pattern that sparked the multi-decade Bull market into the 2000/2007 peaks.

The two previous charts have shown exactly how The Jupiter Cycle performed from the late 20s to the early 40s and the late 90s to early 00s.

What is interesting to observe is how the tendency played out during the great sideways shuffle from the early 60s to 80s … and how similar that period seems to be to market performance since the 1999/2000 peak.

The attachment Jupiter 1961 1984.png is no longer available

The comparison with current market behaviour is stunning. This 20-year timeframe last century was marked by sudden Bull rallies and equally sharp Bear plunges in quick succession.

And while the exact tops and bottoms fell outside the statistical tendency of The Jupiter Cycle, nevertheless there were consistent rallies into the Taurus and Sagittarius periods and sharp declines into the Leo and Aquarian periods.

Combined, the three charts show why extreme care is needed maintaining Long positions as we go further into 2012.

We are moving into the long-term negative tendency of Jupiter moving out of early Taurus and towards Leo, where he will take up residence from the second half of 2014 until June, 2015.

We are entering the exact timeframe of another long-range negative astrological aspect - Uranus square Pluto, an aspect which last occurred at the bottom of the 1929-1932 crash - and the first exact hit of that aspect occurs this year in June and will continue until March, 2015.

On a technical level, Jupiter’s orbit of the Sun corresponds broadly with three and four year “cycles” in the markets. The Old God’s journey through the zodiac takes 12 years.

In my weekly columns I constantly caution readers against allowing astrological expectations to override the commonsense technical conditions shown by the current state of the charts.

Accurate astrological prediction is as much a skill as it is the result of many years of study and empirical research.

Nevertheless, it’s why W.D. Gann has a large worldwide following, decades after his death - and why J.P. Morgan had the renowned astrologer, Evangeline Adams, on his payroll.
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Have a great long weekend everyone!!

[Cobra]

very small phantom here, we know the target now.

[L_T]

Cobra have any of the trading markets short term signals been triggered either yesterday close or today if we close right here?

[Petsamo]

Europe's gonna be closed Monday too, right?

[L_T]

If the "buy at 7 day close and sell at 7 day high" condition was met yesterday it's an even better entry today. Plus it's oversold now short term.

[MrMiyagi]

Europe's gonna be closed Monday too, right?

Europe's open but the stock markets are closed...

[Petsamo]

OK thanks