The home of the innovation of the Logarithm of Time as applied to the Markets.
We also watch for and correlate with major Bradley dates and Fibonacci Time and Price sequences.
Saturday, October 31, 2009
For another view of things, here's the monthly $VIX chart...
$VIX monthly - Note the 'just completed' candlestick for October, and the indicators....
Mark: Your views. Are you thinking this scenario might be a shorting opportunity, i.e. SJH?
Yelnick, 10/30/09 says "last chance to get out? http://yelnick.typepad.com/ I sent email with chart showing what I interpret as his speculation. 1. 11/02 - drop 15 points. 2. Bounce 50% into Wednesday FOMC. 50% of - 10/19 1100 to 11/02 1021. Approx. 40 pts. Then 1021 + 40 = 1061. 3. Kiss off 1061, which is trend line Mar09-Jul09. 4. Wave 3 down from there!
It looks like Yelnick's scenario might be playing out here, after all..I will post to the blog, and yes it will be a shorting opportunity after the FOMC meeting, I would guess...
4 comments:
Hi Mark,
There is a growing chance that
Monday may be big slide down... time will tell.
Back to the bear...?
Cheers,
Mark: Your views. Are you thinking this scenario might be a shorting opportunity, i.e. SJH?
Yelnick, 10/30/09 says "last chance to get out?
http://yelnick.typepad.com/
I sent email with chart showing what I interpret as his speculation.
1. 11/02 - drop 15 points.
2. Bounce 50% into Wednesday FOMC.
50% of - 10/19 1100 to 11/02 1021.
Approx. 40 pts.
Then 1021 + 40 = 1061.
3. Kiss off 1061, which is trend line Mar09-Jul09.
4. Wave 3 down from there!
Correction!
Are you thinking this scenario might be a shorting opportunity, i.e. SJH?
SJH -> SH
Hi Hopper and Bill,
It looks like Yelnick's scenario might be playing out here, after all..I will post to the blog, and yes it will be a shorting opportunity after the FOMC meeting, I would guess...
Regards,
Mark L.
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