Bob,
I am experimenting with the spiral, that's why I'm posting
on this thread. I'll leave, I don't care.
I have a LT bearish view, simply because
there is nothing yet to say we are not in a second wave of
the bear market, which started in 2000. We have yet to exceed 2000 highs. Nasdaq is 60% below those. I have a mid-term
bearish view, since the rising wedge has been broken.
We are currently on a buy signal, initiated by the break of
the down spiral
at around 1170 on October, 13. The up spiral (October high
and low) going through Oct.,13, and predicting a rise into
mid-November has not been
broken. I am plotting it using a correct parametric math
formula, and the scaling from barchart.com, so mine is exactly
the GZ spiral, what it should be.
The levels for SP cash next week are:
Mon. 1218
Tue. 1224
Wed. 1232
Thur. 1242
Fr. 1266, WALL.
If the SP trades below these levels next week on any day,
it will give a sell signal. It will give a sell on
Friday next week/following Monday no matter what. That's what
I'm talking about. I have no position in this market,
but I will short the break of the up spiral.
The down spiral predicting a fall to 1120 wall (cash) into
December, 21 is still tentative, and will need to be
revised as we go. I have looked at many scenarios of the
break of the up spiral next week. They all give
a wall from 1120 to 1150, depending on the high made next
week. |
