Market Sentiment

Long term Mkt. Sentiment is beginning to turn downward, it is still above 70... but I do not think this will last long.  Most of the news lately has began with.... after this nxt move down... or lets wait till this corrective move is over.... so.. they are gearing up for one last move to the upside..so they can take their profits.. so be careful here.. again I believe McHugh had a wide spread turn date but it was somewhere between this wk and the 6th of Jan...  EWT... has been calling a new bear mkt turn for just a few days now... but  they are warning for a big mkt move down.Peter Eliades too is calling a move down but listen to what he has to say in this MarketWatch video.. you need to scroll down and it is on the left side                  http://www.marketwatch.com/           .. could this be a repeat of the 1930 chart that Humble student has on her site????? alot of people are comparing that time period to this... personally I apologize to you all for not having did what I said I was going to do on the big Update I promised... honestly I have so many scenerios rolling thru my head... I just have to keep digging... I know I am just missing a little of this or that.. so.. again.. I have a long wkend.. and hopefully I will get the time.. to really sit down and get at least a grip on where we could be going or are going... I hope that all of ;you have a Wonderful New Year's Eve!  Next Yr will be even more interesting than this one .... till then.. Happy New Year to all!! >L

MERRY CHRISTMAS!

Our Mascot wants to  tell ya he found Santa first!  LOL!   The milk was missing for the cookies!

I hope that everyone has a Wonderful and safe Holiday season!   Will do an update soon... we seem to just be climbing slowly higher... volume is just dead... soooo that is a winner for the Bulls most everytime.  Oil and gas are getting attention again...hummm  I know I said to buy it a few Months ago... it has not really got hot yet... but the weather is just getting started.... OK, Merry Merry...have a great wkend!>L

Listen to this.......

http://dailybail.com/home/meredith-whitney-chris-christie-on-60-minutes-illinois-calif.html

Christmas Rally???

We broke my channel to the upside, but the news is compounding the efforts of the Bulls and the Bears are thinking this could be an interesting Christmas.  Could there be Coal in the Bulls stockings??

I tell ya, this could get interesting.. I am stuck in the middle...the only 2 thing's going in the Bulls favor right now is the mass production of $$ by Ben and Co., and some great co. earning reports.  I luved the cartoon that Pug put up.. and it really does make you think about the whole stimulus thing, but..... its not working.   The  states are now letting out a "HOWL", of Help!!!  Billions and Billions in debt, and are about to lay off millions of state workers, let alone what does the Fed Gov. do in the coming yr. ????  They are slowly letting their concerns out too... TAXES???? what do we do, we are screwed if we do not get some more $$ to offset the Ben Bergaid!... Hows your pocket feeling lately? 

My upper channel is broken, so are we in a B wave, or could this be the final 5th wave up of A(primary). Futures are wild right now.. up and down Nikkei is down pretty good right now..   The Euopean countries are imploding. Where do we put our $$ for the future...  India, Africa, China...

Do you like M&M's... well not that kind... try this M&M out.... Mahindra and Mahindra... Indian farm equipment maker... this co. will take over John Deere's dominance in the future. 
Gold, Silver... that seems to be the NO BBRAINER right now!
Africa controls most of the precious metal market and diamonds... in drilling for these metals diamonds are wanted heavily. Oil and Gas, Gold and silver, platinum and rare earth metals,   MCP   Molycorp.. RIO... but I think that ticker changed..   do you see what I mean.  China has bought over 5X the amount of gold this yr, than they did on 09, and  they overtook the top country India.... now that is getting crazy... so what does 2011 have in store???
Apple has opened stores in china and india.. that stock could just explode again... but they control over 10% of the U.S. stock mkt.  The only thing is, as fast as they produce it the Chinese are counterfeiting it the next day... they are loosing billions and billions just like Nike and  other co's in the U.S. Oh and Mahindra is also a major car maker in India too...



Mchugh has called for a major turn to take place somewhere in the Dec. 26-Jan. 6th. 

Vacations Over...

Hey all, hope everyone got some much needed rest.  The mkts just seem to be all over the place and right-fully so with all the news, good and bad. 

Are we topping or are we in a lesser degree wave 4???  I have pounded my brain out the past few days trying to get to the bottom of where we are.... its a coin toss.. we really could be topping, but we are still in a trading range and until we break to the upside(1184) or downside (1174-3) then we are probably in either or.  If we are in a 4th wave, we could only be in wave A of 4 and in A we are in C or E of a triangle... now the pros all say two diff  things.. and I can count it both ways myself.. so.. just as I also count it as a possible topping pattern... and we could really just fall to at least 1150, and that could also complete wave A of 4.. then we go up into a larger degree B of 4... and that could take another 60dys.. then fall into C, then D, then E... if each take 60dys.. total 280dys to 300.. from the start.. from april... so daytraders dream if we are in a 4th wave.  will try to get some drawings up later today... >L

Coal

Now a few weeks ago I think I posted that I was buying JRCC... James river coal co.  and I did and it has been a very nice profit so far.. as of today Coal in general seems to be breaking to the upside.. so as Cramer says... ALL IN.... I am still in Nat. Gas. and I am going to stick it out... UNG still looks good to me.. as far as the overall mkt goes.. I now think we go further down.. as coal rises.. so at the present moment this is beginning to look like a B wave of B... Now PUG has some good analysis tonight on where we are.. and there is just no sense in me conveying what has already been charted and said so http://pugsma.wordpress.com/2010/11/11/nov-11th-2010-update-4-eod/     but please look into some of the coal stocks like JRCC and BTU   they look really good right now.. later>L

1349

1349 seems to be the next destination of this move up... it could still end before that but at this present moment we seem to be in a 3rd wave... and started a 4th wave of this 3rd wave as of yesterday.. that should continue till at least Thurs. then I see 5 of 3 occuring. then larger 4 correction and then final 5th up to the 1349 area.. have a good day..>L

Woooooooooooooooe PONY!!!!!!!!!!!!!

I am sitting here laughing my butt off!  CNBC is argueing amongst themselves and the Mkt is climbing over poorer jobs report.. (whats new), and  my small prediction that if the Republicans stampeded we are going to climb.  The Fed Reserve is out of control and our economy is just moving at  a snails pace. 

Humm.. The only economy that I see moving along is a shit load of $$ floating down the Niagra River and getting ready to go over-board... falling with the  Falls......  this is great!    So, are you all ready to make some serious $$$$... its time to get out of Equities.. I think Friday is that day.  I think that the shit hits the fan next week... I have a turn coming somewhere in the Nov. 8-11th area... Now the question is how large a correction we have... since we where supposed to already have this correction and it has not really hit>>>?????  So where is Waldo right?  He is coming with us... this could be the big one..but Ben is involved so that is not the answer yet... let Ben spend his Billions... so that means we are just going to correct to the 1150 area.. or a little higher... then up we go to all new highs on this move... 1250  could be it or higher... lets not worry about that right now.. we need to focus our energy on setting our outs on any equites that you might have...looks like this could extend out to 2011... I was hoping for the big one.. but when that happens you all better be debt free.. back up food, water, and be ready with alternative energy ways.... sounds silly doesn't it?  will update this wkend... everyone.. have a good day>L

A Political Point of View

Republicans, Democrats, Dr. Bernanke, Inflation, Deflation, China = $USD, Treasuries, Bonds, Equity Mkts, Gold, Silver, geeeeeeeeeezzzzzzz... did I miss anything... ohhh ya  POLITICS...   So, to tonights update:

Republicans gain control...... Mkt  goes up another 500-1000 points(dow)
Democrats  remain in control.... Mkt falls, and then corrects, and then falls again...  I have not figured out the bottom yet...
Tea Party and Libratarians well, that is a good one... they could wipe the Rep & Dems off the map... they could change the worlds economy over-night... from what I have read this wkend... Many Senate, House, and Congressional jobs will be lost... the mkt falls... but I am not sure if it ever comes back.... so Cheers to your votes!  I could care less if your a Dem, or Rep or Tea or Lib...   JUST Please  VOTE!   my point of view is just a theory..... do not trade on what my thoughts are... so what are yours?>L

Down Move

Seems like we need to re-evaluate the situation.. could we start a major move to the upside?    Thoughts?  reminds me of this great video    http://www.youtube.com/watch?v=uHPg262Kr9c&feature=channel

Again, up we go...

Could we go higher? Looks like it too me.. first stop on my charts 1212.21  we are still in a nice trading channel..and still looks like we are in the ending diagonal triangle and my channel for that triangle ends at 1212... area... so I feel until we reach that area.. we are not going down... >L

Last 5%

Futures are up big in S&P, at 2a.m.est. time... so there we have the ending diagonal triangle is finishing.. looks like it could go another 5%  maybe a tid-bit less.. but off to 1250 possibly we go... 1241 looks good too... OK thats it.. have a good day... >L

Good to be Back~~Well Maybe?

Over the past few weeks I have had the opportunity to chat with the people of the Appalachian Mountain regions from Ohio, eastern Ky, W.V. and N.C, . It was sad at times, many I have know for years and I look forward to our small but intimate chat every-yr. You know the usual, how are you? what is happening in your world kind of chat.  From job loss's to illness's to, "You know so and so past on he was killed or died from this or that".  Every year it seems to get harder for me, I am getting older too, but the old timer's are slowly wittling away, and with them goes knowledge of hunting, fishing, farming, gardening, bee keeping, hat making, broom making, forging steel, coal mining, Mt. herbal remedies, and most of all MOONSHINE!  You ever had it?  You would think someone just put a bullet in your gut!  but its pure alcohol, clean, you could run your car for a yr on one tank of it thats how potent the stuff is, one of my buddies wives handed me a flask that had been made for me before he was laid to rest.  My name written on the bottle, "Glovelady",  I laughed, then cried. He always told me he would teach me his secret. Another Mt. secret laid to rest. "Willy", was his name, he never worked for anyone, just sold moonshine, genseng, and herbs to people he could trust.  We, traded goods, I get some shine for a doz. of gloves. That was always our deal. So, I gave her a doz. gloves for her son, hoping the tradition continues, since thats all he does too for a living.  Life goes on......

So, does the Stock mkt, and what a tradition it is in families far and wide, before I left I had left a message to watch the Almight "$$$DOLLAR", as it holds the key to when this rally could end, or will it?

OK, where are we, I have two scenerios tonight...   Rk posted a nice topping scenerio from Cobra's Blog, and that is scenerio #1  and it could trade out that way...  I like it butt... we seem to be in a weird movie, like Friday the 13th.. Up and down, murdering the Puts, and murdering the calls.. funny I call it legitimate stealing,..  but it feels like 2007 all over again... Have I mentioned that before?     Ending Diagonal Triangle's can occurr in "C", waves or 5th waves... and they don't stop till they feel like it most of the time... go ask the boys over at EWT... they lost alot of followers and are probably losing more right now...  as some of you know they keep saying.. any day now we are going to top... lovely words if you have any meat left on your bones after Freddy Kruger gets thru with you!!!!!!!!!!!.... LOL!    So thats it.. and like I had said before I left, this could take a few mo's to trade out.... Time and Price.. well Oct 2010 makes 17 mo's from March 09....  so give or take a few days or a month... sometimes things need to just Un-Wind.. like a Yo-Yo...  I have a major turn date set for NOV>15-18th... Rr, thanks for keeping the blog rolling and you too Rk.  I will post again sometime over the wkend.. I need some serious sleep... and a shot of that moonshine...>L

Classic topping process?

http://stockcharts.com/h-sc/ui?s=$NAAD&p=D&yr=0&mn=9&dy=0&id=p63142002421

http://stockcharts.com/h-sc/ui?s=$NAUD&p=D&yr=0&mn=9&dy=0&id=p59912253828

These charts shows the NASDAQ going back to a recent previous high while the Advance/Decline issues and volume barely making it back half of the way.

From what I read, this used to be a symptom that showed up in a classic topping process, but with FED waves coming into play I am not so sure this time will not be different.

SpringHill Jack and PUG

Springhill, and Pug both are pretty much on the $$$$ with what is happening at this point and time.  The only thing really holding this mkt up in my opinion is Ben and Co.  I do realize that companies are giving good, well, lets refraze that better than expected earnings.  My Co. would probably have better earnings too if I was able to rehire my employee's that I laid off for half price. I was watching a video of one of the big Bank CFO's, and he was laughing how they hired some of the "Unfortunate Lehman Bro's employee's for over half off",  I was just laughing too... wonder when they fire him..LOL!  Wonder what his new salary will be!  As my previous post said this is a game of bouncing balls.. where can we cut next to save $$.  Believe me there are alot of great people out there with alot of experience dying for a job right now.. they have lost everything and this is what our gov't and big business wanted... the only problem is... when will it stop?   My personal opinion is not for a long long time... bouncing balls sometimes begin to pick up speed.. take a moment and reflect on how your life has changed in the past several yr's?????  Do you feel rushed, a little overwelmed wondering if you have a job day to day.. if you have one?  Do this,. Do that... rush rush,,,,, I try to do just the opposite.. but I have always been a busy beaver... I luv pressure, I work better under it.  I suggest you just click on both Channels, and Pug to the right, study what both men have to say.  I do believe that both are right, at this time I have 1219.23 as my target ... but we need a correction that I thought was coming this morning... butttttt alas... the ball is bouncing... be careful.. even though I am promoting some stocks... take your profits wisely right now... it maybe time to slowly start buying into some QID, it is looking cheeeeeap... but $VIX is toooo... but again RR has buy signals rolling.. and I see ending diagonal  correction and then higher... so 3 of 3 of wave C is coming to a close... with the ending diag in wave 5 of 3... then correction in larger 4th, and then final 5th wave of Wave C... of ????  A or really the end of Wave B... that is the real question....be back in a wk..>L

Follow Thru~~~~~

Venus Williams has hurt her knee, and sister Serena is about to come back from a foot injury... but has no Ranking on her return.... Seems the Mkt is feeling the same way?

Nasdaq is lagging, $SPX is hanging in there... will there be follow thru?   1174 seems to be the key.. do or die for the Bears...  The Bulls will have to come up with more follow thru to get there, if they do RR,Rk.. the market has turned to the Bulls... there's alot of pressure building up especially when Jobs and the almighty Dollar are not looking so good...its like Tennis, can an injury put you mentally and physically out of the Rankings, will the Bulls feel the pressure from higher prices like gas, food, just importing all together?  Or will they just stampede?  We really will not know till Morning... this is probably one of the most important Jobs reports we have ever had to divide the Bulls and Bears, Fibonacci levels have been hit, and if they do not hold...  1174... the bears will Hybernate early this year...  but come out early next spring very hungry... but this market will bounce like tennis balls till then...the dollar is that ball... bounceing trying to stay in play.... so watch the ball carefully while I am gone... it is the key to the mkt, and the next great crash.... Have a good wkend.>L

Are you ready

My $CPCE indicator is smelling something in the air. The $VIX is agreeing to the stink. The major trendline from 2007 top to the 2010 top is approaching. Mclaren's turn date is October 1st (unless he changed it- I do not subscribe to him).

My market model is in buy, but I can see it ready to turn any day over next week. Be ready, set, ...

Current Bear Map!~~

• my first attemp to use a paint brush..ugggggg

1150

Wow, bad news is good news, did I say that right?  LOL! You have just got to smile when it comes right down to it. At last the magic number will be hit today, and will we go higher~~  hey that is a good question. The PPT team had to come to the rescue this morning... Futures are very bright.. So, Cheers to the 1150!  we have to break out of this triangle to the upside to get out of this Rut....  Fast $$ is set and most of the profits are already taken but check out MMYT, RTP, NFLX, and little stocks like ARNA... SLV could break out this morning... Gold broke 1300$$ pre-mkt.  $1350 is next..and higher.  so Slv.. should start a major uptrend.  thats it.. have a nice wkend...>L

FWT

Here's my theory that L might not like. It is called FWT: Federal Wave Theory. EWT is what nature does. FWT might be what it does when you hook it up to a money printing machine that is supported by the army, marines, and the air force.

Ok, fun theories aside: My daily and weekly models are both in buy. My next turn dates are 9/28 and 10/19. If anything changes to my signals I will try to update during the trading day. If no change I might then just try and update sometime after close.

"The End Of The RECESSION" "The New DEPRESSION"

Hi everyone, I have not listened to one word yet from our President I have instead decided to just watch the mkt fluctuate with his emotions!.. He raises his hands the mkt goes up, he gets serious and down to his answer the mkt goes down.. see sawing with tension so tight well, even a tight rope walker wouldn't walk across it from fear it could break.  I have sold all my stock positions while this was going on, little ones and big ones.. I had bought several on Fri, and they got nice bounces from all the "EXCITEMENT".

I feel the set up for a turn is going "GREAT"! as Tony the Tiger would say!  Some of you out there think I am nuts, and hey you have that right, luckily for myself I am not the only "Grizzly", out there.  I realize the so called chance that I am taking, and the stance that I am taking.  See, the P&F charts just went off the map, pointing to an all new high on the $SPX! 1320 to be exact!   I am excited!  This is the Best Jerry Springer Show I have ever Not listened too!  Just watching the hand gestrures and the $SPX chart in front of me tells it all... bouncing with emotions like a kid at his first ball game!!!!   Now Rr, I am that kid right now...

The set up goes like this, we broke 1137, that set us up for a great final 5th wave of wave C, and it takes us to the best H&S pattern I have seen in yrs.  I am looking for 1145-50 on $SPX, the $VIX is bouncing all over.. and actually seems to be making a nice bottoming pattern...   The bulls are peaking, this "Obama Hour", reminds me of a Soap Opera that my mum loved to watch everyday..."As The World Turns", sponsored by Obama care!  I may never Post another Post on here again...and it has been fun believe me, so to all of you I wish you the best... Bull or Bear!  I am about to go into Hibernation!!!!!!!!!!!!!!!!

Head and Shoulder's?????

 First let me say Thank You to my most loyal buddy of all Rr, for taking over some of the responsibility of driving this blog, I hope he continues to help when I am very busy in the fall mo's a-head w/my personal job schedule. So with that Thanks again Rr!!!

Head and Shoulders??  Well, I see two of them that have formed..  Back in Jan 2010 we hit 1150 area, and then in April we made a new high in what we will Call Wave B right now, then we fell into July and now we are still fighting an uphill battle to finish either this Larger H&S pattern at or around the 1150 range   or the smaller H&S pattern that formed from mid June's 1130ish area then fell into July and formed its Head in August around the 1125ish area then fell into late Aug, and now forming the right shoulder as I am typing.  So that is the two Bearish H&S patterns that I see, lets see the bullish side...

Bullish H&S pattern is inverted, and to me does not follow correct form, but it is still part of the chat around other rooms.. left shoulder 1050ish finished June 2010, Head formed in July 1010 and now Right Shoulder formed end of Aug at 1050ish again, and now we are banging on the Rally door and seem to be stuck with some Flakes hanging upside down... LOL!  Hey, we really could be in this pattern, but the Bears still have one more good H&S forming on a larger degree if the bulls can break this 1130ish area significantly.. and that is the 1150 right Shoulder... I am not a great fan of this inverted H&S sighting, it looks more like a GHOST pattern to me, funny that half time show on CNBC with Peter Najerian and Melissa just chatted about this, and so did a friend of mine chat about it for several hours last night..so what do all of you think?  H&S or a Ghost... Oct, is just around the corner.. Ghost patterns fall hard when they complete...we will just have to wait this one out... I personally am buying little bits of QID at this time... in preperation for the Larger 1150 H&S pattern.  We are also approaching my 30 day turn, in the beginning of Oct 4-6 area.. so do we bounce and make it look like it is a topping pattern and then zoom up to 1150... Mkt is having a hard time itself figuring all of this out...We just have to play the waiting game.. if you have any fall cleaning or painting to do I would get it done in the next few wks... I think Oct, is going to be a Ghostly mkt ....Boo boo...have a good wkend.>L

my 2 cents

I have been telling you about my model well it is still in daily buy as of today. My weekly model which is not as reliable yet as daily is turning bullish and if no reversal by end of week it will give a buy. However I noticed that it did that back in spring 2008 during wave 2.

So my model keeps us on right side of Market. But I have to say that this does not feel to me as a new leg up of bull market, but feels more like a hopeful wave 2. What I have learned though is not to be on the side of what I feel or think, and that's why I like my model: It has no feelings :)

I will look more into all coming turn dates later, but I am seeing a major one on or around 12/21. And I would like to speculate that it will be some sort of a tradeable bottom.

Short and Sweet

Futures are currently down, looking for support at 1089 area on $SPX, and Yes, Rr, I have move down for  at least a few more days... http://www.mypivots.com/dn/?symbol=100  that should cover any Resistance and Support areas if you are daytrading today. Lets just X our fingers we get out of this all together, I would really like for a small crash about now, not the large one but just a taste to scare a few of my friends..LOL!  OK still looking to resume to the upside after this move... count your waves!!!!!..>L

Momentum...

My apologies to everyone.. my cable line went out at 1a.m. this morning... and of course its just an outing in your area. It lasted till 5.p.m  or just a few min. ago. I have to say, perfect timing I did not get a whole lot of homework done, but my e-mail to all of you that I was working on is null and void now. It was a reminder of what the futures where already doing, and that I had a possible 3 of 3 scenerio that could happen. So, today was that 3 of 3 of C or 3 of wave 5 up. Now, we are inching closer to the completion of either wave 3 up or of wave 5 up... thats the two scenerios that I have for this evening... Most other analysts like EWT have us in a Wedge that turns and reverses.. sort of the same pattern we had in 2007, and I think we had the same in 2000, these  reverse wedges seem to occurr alot in wave B's.. at least that's what I have noticed over the yrs. so where does it all end.. well guys and gals that is a good question.. I have since Fri, indicators saying we are turning to go south, but with the MOMENTUM on the Bulls side right now, the corrective C wave we are in is only at 50% of the drop from "07",  I have to tell all of you I have never seen a C wave not do a 61.8% retrace.  So, the real question is, are we in a B wave still or are we in the C of B...???  So to break that down all B waves are usually 3 waves.. or 5 waves right.. being that we could be in a Larger degree B wave correction of Wave A.. we could have a 3 wave B wave.. consistis of an A, B and a C wave.. the wedge pattern acts like a B wave.. then we shoot up into C if that is the case then 1150 is the target or higher... to end the B wave in a Cycle degree.... my thoughts say that is the target.. my gut says it too..  1130 is acting as resistance and could end the top of wave B and we would then need to fall into the minuette to minor degree wave C down.. then we could still shoot back up into the final C wave of wave B... have I confused you yet... its crazy sometimes.. I am just going thru these off the top of my head as I am typing.. I wish I had a way to hand draw out what I see.. but hopefully you all have enough smarts to draw out these scenerios that I have given... just hand draw them.. gives you a better perspective of what I am trying to say. OK..  I am sorry about no updates.. I will bitch to WOW cable for all of us ... but it will do not good.. LOL!  Ok, be good have a good night.. if I see something unusual by morning I will update your mailboxes...before opening bell.. night all..>L

$S&P

Todays mkt action seems to almost be done, it has repeated the same pattern though, that is my only concern. the funny thing is a trend line that I had drawn from Jan 15, across to June 21 high held this move up today..  and all of those highs  are with in 6 days of each other, so we still have price/time to go higher or move sideways before we correct.. that is and has been the trend for Major and Minor tops.. I should have shared that with you sooner... kinda goes with the McClaren post... and my 30 day turns... even though most of those do so with in the first 5 days of the month.  If you have quest. just ask, I am typing as fast as I can, I have overslept every day this wk.. I was going to get out of my shorts this morning but just could not muster up the courage to do it.. I actually had to laugh at myself.. I did set a sell on MMYT..  and it did hit my target.. but I am sad to say that CRUS did not go with it.. it was 5cents shy of my target.. I am pissed to say the least. Lets just X my fingers that Apple wants them.. LOL!.  OK, so are we topping.. I have 5 waves up you two, heavy resistance and some stochs that say sell.. Not all are on sell yet, but I will go with RR's sells and buys from now on... thats it got run, have a good night..cya..>L

One last move?

Ok, I have not the time to go check out anything anyone has updated tonight so here's what I see, we have support at or around 1088-90 area,  If we are in a 4th wave still??? we have only done a,b, and we need to finish c,d,and e. so that means we will still bounce to finish either the c of 2 to be done to start going down in 3 of 3 of 1 of "C", did ya get that..LOL!  hope so...  or we still need that last 5th wave if we have not already finished that, and resistance right now sits at 1115.54.. thats on my 1yr.dly chart. my stochs still say buy but again look good for only a few days... I have not checked the volume so someone please update later what you have.. there is of course one more thing... resisitance still sits at 1115.. but this move could be just wave 2 of wave 3 of wave c..we could move fast and furiously to the upside.  so be very careful.. again.. 1150-1250 are not out of the ? right now if we are light volume situation.. ppl are still on vacation right now.. Next wk I expect serious mkt action... got to run. have a nice evening.. will update your mailbx in morning. goodnight.>L

4th wave...

Short and Sweet, todays mkt action was a definite 4th wave of possible wave C on wave 2 of wave 3.. or it could be wave b of  2 of  wave 5 of larger degree "C" that may have never finished at what we originally thought at 1130.. So, where do I think we really are.. toss a coin.. really the bulls think they are back, and todays mkt action really to me.. means it really is a coin toss. Bernanke still weighs on their minds heavily, did he go too far in buying treasuries? and now buying more?  Is our country bankrupt?  Bernanke really has not been bullish at all, on the contrary?....believe me all of you know why I  think the way I do.. right now lets say we drop a bit more to 1080ish area, but I am looking for a bouncing ball move here really cause we need to finish this 4th wave minuette degree move.. so up and down for at least half the day tomorrow.. then final 5th wave up to 1115-1118 area or if we break that to the 1130 area.. and to me it looks like we could do that and if so.. it will form a nice looking H&S pattern.. so many want to say the W pattern and that is bullish... I personally think the Updat that RR put up for McClaren could be very accurate... see I am all over the place.. but.. remember we could still be in that larger degreee 2nd wave of C down.. and we still need to do all five waves up of a final minor C wave... but my stochastics do not say that.. 10yr daily on sell.. in a few days.. but my 30 day rally month is on... so as confusing as I am making this right now.. just try to take 30 min. and read what I have said carefully and go over the patterns.. if I am wrong let me know what you think...I am not perfect as all of you know.. this mkt is tuffer to call everyday.. Oh, go check out Peter Pans update on Safehaven.. it was really good too.. Rr thanks for the McClaren.. have a good night all. Hope you all enjoyed your wkend..later>L

Last Move....

I was over at Bloodwines community the other night.. going over a few scenerios with Rk, and with the gang over there. One of my scenerios and of course the one that I really did not think would trade out happens to be the one that is trouncing my bank account right now.  Needless to say, I did not know that the Main Man was giving his speech last night.. again..I am sorry, if I had known.  It was a total surprise for me. He always makes the market rise... so now all I can say is we are in a larger and I mean larger degreee "C", wave up... this wave really could go from 1080 ish all the way to 1250.  I am sorry everyone, I only have one solution if you have extra cash on the side.. buy silver. I set my sell button the other day on AGQ, and it sold of course before I woke up last night at around 4:30 p.m.  I was not feeling well, so I actually slept the whole day away, and of course that is my usual schedule, but after I got up I noticed what a bad mistake I had made in selling, so I will be getting back in at the opening this morning SLV is cheaper, and either trade will do.. My apologies to all of you, >L   Thank You Rr for your comment appreciate that. one more thing, alot of other blogs this morning, after I posted this, are saying we are going up till 2011, yes, we could, butttt do not get too caught up in what they are saying just yet!  The Jobs report is still on the Bears side, unless they lie, and that at this moment would not surprise me any. Rr, step away I am going to tell a story now,LOL!  The only reason the Chinese had good Job numbers and GDP numbers is because they have lied for our administration, to save the value of the Treasuries/Bonds that they have purchased to save our ass's!  Yes, I truely do believe a good million or more went back to work, but they only did so, because our Warehouses are Empty!  I know, I see the trucks I chat with the drivers, and I know because of the shear Volume of packages that come thru our system, they are to restock warehouses, People! Halloween, Thanksgiving, and X-Mas is just around the corner!  This time of year is always, and I repeat always like this on America's Highways and byway's. People always buy clothing for school, these #'s are tainted believe me, and if you do not that is ok, go stop by the biggest warehouse around you take a pair of binoculars and peer in...You will see what I mean.. go ask the Walmart guy if he has extra Cat food in the back, no mamm he told me, I said your kidding right, no mamm it has to be ordered, we have to order everything till Nov. then they will stock us with extra everything...LOL!  I know 2 managers at Wally's and both told the same story, and get this, they are going to play hard ball this yr on RETURNS after X-Mas!  I thought now how to Piss of the people more, no stock or No re-stock...LOL! I, tell ya, they can and will hold this market up with CHINA, thats how it was done before.. but just remember one thing... we have to still come back down for a wave 2 in this C wave.. so if your like me and feeling alittle poorer right now, Just relax for wave 2 down.. and that could happen some time today to flush the toilet on all the crap they are telling us!  Good Night!>L

Crash, No Way, Yes way!

Could we finally be there?  We could be there.. this fine morning the Nikki, China, and EWT say we are going down.  Its ugly over seas right now.  It could be a good down day here in the states...no its going to be a blood bath I think, we are already down 7 pts on S/P futures... most everything boils down to Friday.. we have poor Jobs again as most have predicted and we are on our way to the 3rd wave of  the 3rd wave of wave 1 down.  I have this move going till around Sept 27-Oct.. 5-6..  I know that is wide range but it will get zoomed in better in a few wks.  we go down till right now Sept 7th area. have a bump up and then continue down from what I can see if we are in the 3rd wave.. It will be as exciting as it was in 2001, and 08, just relax, this could be the best film of the Yr. since they have had the worst Movie summer sales in a very long time! the key right now break 1039 then 1010, sand we will then be making lots of $$... later>L

Labor Day !!

Really my bad you all, I forgot about the upcoming wk end events.. Gas and Oil always go up.. in turn so does the market.  So, my apologies, this time I really am sorry.  I get wrapped in other things and forget little market movers like Holidays.  OK, so we need to just relax. I have several scenerios  in my mind, larger degree 2nd wave, of wave 3 down. and in that wave we would be in the "C" wave.. and in a minor degree. so that move could take us to 1080ish to 1100. I f it breaks 1100, we are going back to 1130.  Scenerio number 2,   We are still in the Larger C wave of  "B", that we all thought was done and packed away, and if we are still in that move, let me tell ya, we are only in wave 1 or A, and we still would have a 2,3,4,5, to go and then we are looking for the old 1150 to 1250 area... hundred point spread there but we just do not know if that is what we are in till we actually break 1130. I have not read a single update tonight, I have just been hashing some of this stuff out in my mind...... and that could be bad or good.. either way its not the direction I was hoping for at this time. I did not get the big picture until last night. I told ya I needed to do some homework and I am not unhappy about the upswing I am just mad at myself for not keeping up with my scenerios.  I wanted to let you know what I was really thinking before I go see what the Pro's have.. I will send the usual hope you get to read before the opening bell. that way you can compare wht they are saying to what I am thinking.. I also wanted to add that I find it strange that my two leading stocks are just not doing anything  AAPL, and GE.  The mrkt just seems strange when these two babies of mine are doing nothing.  The Vol. on apple was just downright terrible and Ge is looking better than apple, which I find strange.. Even though we are going up.. I am still 65%  short with continuing trades still in TZA,QID,SDS,EDZ  I took a little beating Fri. I purchased a few shares of AGQ that have been treating me good, and it looks like it could go higher.. but I still feel we are going down!. .. later>L

I like it :)))))

Everyone, good morning. I hope that you are all ready for what could happen this wk!!!!

Believe me this puppy is about to roll over, I can feel it. I hope you all read what I sent.. for now that information is better than me but SpringHill Jack has a nice update over at the >to the right in my blog list His blog is Channels and Patterns.. Jack is good, really good you all, and has great insight on the mkts.  Now, all of you know I do...LOL!!!  Honestly now, its hard to believe anyone these days, watching your back has become a normal part of life lately.  Jack has a style most of you will like, I am tired so Jack has the floor today. Good luck everyone. later>L

Ready....?

Ok, I have a small move to the upside comeing.. I have yet to read all of my updates.. so I am off to do that this early a.m ... futures are already up a few points.. I have a turn on Tues.  If you have a 401K I have a few suggestions to possibly trade.. these are just suggestions you trade at your own risk.  Pro-funds has a few really lucious trades setting up..  You have to go to at least a 1yr chart to bring these up..  UFPIX   is the best right now, It should turn to buy in a few days.. I give it less than a wk but again you check it out.. URPIX  is next.. check them out.. the next is gold, and natural gas.. I have a few trades but these trusts have to be held for I think 6mos. before you can sell.. but the dividends are paid monthly..PBT, PGH, SJT. Gas storage is Hot right now. new on the block is PNG.. Its been a very busy few wks with volitility going in every direction.. be careful, check out every trade you have everyday, be prepared to hit the trigger if you have profits.. Hindenburg has been announced by McHugh.. I will give further updates as it goes. >L

The Fourth Coming..

One of my favorite past times is reading history and the social and psychological effects it has on people in america or other parts of the world. I just ran  into this, how I ever missed it I do not know.. but very interesting if you like history and how it tends to repeat itself. enjoy>L    http://www.youtube.com/watch?v=KXcDiGpVtbc                                                                                                                                                                                

http://www.timepage.org/cyc/future.html

Fib Levels

Toaday's mkt action took us to level 1 in my Fibonacci retracement levels. 1070.55 sat at 261.8%  we hit 1070.66..  We did a very nice 5 waves down and need to go into a 2nd wave or we do a continuation of the possible 3rd wave we could be in with a quick a,b,c pattern. We are a little oversold, but I was really looking for a larger sell off, I am patient though my next fib level is around 1034 area.. but the key here is we need to break 1069 now.. I will post some of my charts and if you have any you want posted just e-mail them too me. and I will post them.  Again, we need to see some selling in the Apple area, GE, had just incredible volume today, Apple very little.. we get the Apple to fall, we get this ball rolling faster.. good night.>L

VOLUME~~~No not again today?

As usual the Bulls pulled off a fabulous day on light Volume...well, maybe not~~ The buying only seemed to be located from what I can tell as the ticker floats past me.. in the Ag and oil industries as they go hand and hand.  To really say that the Bulls are back, I say they need to play catch-up with the Dow, and they are still 500 pts behind in that Index.  Do we go higher...gosh I have a possible 3rd wave finish but remember my old saying.. even though she looks like she needs a 4 and 5 all of that is inbedded in that 3rd wave..and corrective patterns are 1-2-3 or better known as A>B>C  one of my first lessons learned from EWT..because Hotchberg can't count... he'd just say we still have not confirmed a 4 and 5 in that move.. and we would just go higher and he was scatching his head back in 03-7..no really we have to have those moves..LOL!  That was a terrible lesson for me everyone.. corrective Bull or Bear is 3 moves.. the Futures after hrs where down, but now back to $SPX levels.. early morning trade is going to be interesting.. we did Breech 1100 on the $SPX and that is not good for the Bears.. In Two weeks if your an options trader I would be shorting POT, unless the Aussies are going to plant their little hearts out!... POT is a potential take-over..but not this time.. IPI is another fertilizer play, not as good a co. as POT, who dominates.. so maybe POT takes out someone else to keep from being bought out???  I will have to look into that.  I had sent most of U E-mails on a certain stock I had found this morning.. I noticed our old friend PCLN kicking butt as usual.. over $300 today.. China... what do they have thats like a Priceline  CTRIP..  CTRP... look and research that one.. its interesting for the future...or if you have a babies portfolio.. nice buy on the dips.. look how many times it has split.. they want to get rich fast and they have.. reminds me of the old MSFT days.. I miss those.. If I had only known...what I know now!  anyway we can't turn back the TECH BUBBLE or CAN WE!(CHINA will have one too!) #2 economy in the world now...Yummy.. keep that in mind too! 

Food is on the Rise.. I was hinting that with my Wheat update.. but some of you did not understand that, If you do not have 6mos worth of food to feed your family, you really should.. along with water and dry goods... time to start that rotational stock.. canned goods..so on.. think like the pioneers, beans, rice.. that kind of stuff,, they preserve for ages.. ask the egyptians.. they recently opend a clay pot, and the corn was still perfect...  simply amazing!  They where Aliens wheren't they!  we could not do half what they did today. We have let our sites and our sense's get away from us. Be Prepared. Droughts happen and we could have another one soon. OK gotts to run.. I am not done.. will continue hopefully in the morning.. 1100 is now set  and it will be retested.. later>L

$TRAN ?????

Todays action was interesting, ashame I slept thru it all.. but back to the grind tonight..uggg.. so here we go.. I truely feel that we might have finished a Subminuette to Minuette wave 1 down at 1069.49 on $SPX..the 50dy ma held the end of day but I think it breaks that and moves into the area of 1085ish... there is heavy resistance there, if it breaks heading to 200 dy ma.. and that is around 1090.. there are two scenerios running thru my head  1) did we just finish wave 3 of 1 and going into a larger degree wave 4 to the 1085-1090 ish area or
                      2) did we just finish wave Wave 1 and we are going up into an A>B>C pattern and that could take us into the same general area but higher to 1100-1110 area?

I took a look at the $TRAN index.. it is getting interesting.. a little Divergence possibly? taking place.. Now that is on a 5yr daily chart but Trans did break the 200 day mv ave. but just something to keep your eye on.
Volume was recorded today as the lightest of the entire yr. I thought that was interesting and could be another Bull fake out.. while the big boys try to make up their minds on what they are going to do next?????  I am holding the positions I am in.. and will add to my 'Bear' positions if we go higher... If I am awake..LOL!  ugg I wish I could retire..alas I am not given that luxory. I hope all of you enjoyed the Tony Robbins video.. His show did not go so well, and it has already been cancelled.  take a look at the $RUT, and Nasdaq, both lead in the push up, as they lead the push down.. again.. more to watch. Have a great night..later>L  I am sorry about the chart.. I have no idea why it is so blurry.. just pull up your own $TRAN chart and look sorry >L

Morning! Futures moving down and up..?

Morning all, It has been a rocky road, and I don't mean Ice Cream, Futures made a new low this morning 1068.50 bounced right off a channel line I set and headed right back up over 10 pts... currently 1078.50.. I know that some of you fight your gut feelings on things.. so I found this video that might help you realize what is coming in the near and distant future..  good luck today.. >L  http://www.metatube.com/en/videos/37911/An-Important-Note-Of-Caution-By-Tony-Robbins/

Play Video

Michigan Sentiment up a few % pts. OK, good bad or what-ever... How about the Jobs? we are only 20K jobs away from a half million people sucking off the gov't. but thats the way it goes.. saw a video this morning over 13K people trying to get subsidized housing in Atlanta Ga.  It looked like a Mob.  and Now,  listen to the God of EWT..   usually a bit early on calls but 80% of the time right on his calls....   http://www.bloomberg.com/video/62152902/          Have a wonderful wkend.. I am going away, so I might or might not get the chance to post a wkend update..  You guys probably need a break from me anyway..later  short side  1065, 1050, 1035     long side  1080-1090.. supports and resis.  OK.. >L

More Downside?

After the Bell the Bears kept pounding forcing Futures as low as 1073, currently they are at 1079.75.

EWT- The C wave rally has ended.. wave 3 is on.  Trader Psychology is the shift into 3rd gear.. ending diagonal was the bearish sign. Expecting powerful decline to take place 87' style to below July's low, do not overtrade this first move down, we are in a smaller degree. Silv and gld to start lower.

$SPX we are looking for 1070,1055, and 1040 is what I have at the current moment.. $SPX ended the day at 1089.47  I did not have a chance to add on.. I was really looking for a larger retracement today, and EW, is saying it looks like we may not get that yet.. so OK, I am just playing catch up. Good luck tomorrow, and Thanks R, RK. >L

Calling all Bears! 10-33 in progress!!!

As I sit and type this out.. my 401K might be looking good, well very good by 9:30's opening Bell. The E-mini's are down Big..well for after the bell that is.. and they are treading on thin ice if you ask me.  King-Richard is one hell of a trader that I follow alot over at HOBS, he has been posting this stockcharts  fella for a while now, and let me tell ya,,, he has been doing a very good job, as good as our friend PUG.  Anthony Allyn seems to be on a mission and his charts show it... http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3779195             So to all of you out there Anthony's brother seems to have fallen on some bad times financially, lets reach in our pockets and send Jay a few bucks if you can spare them, every little bit will help. He has a site to donate.. and a regular blog to boot..  http://tonyspublicchartsblog.blogspot.com/     Good luck today.. R,RK, looks like someones thoughts are coming to be true.. Nice call "R"!  Thanks..>L

Correlation Between Wheat and the $SPX

Now some of you know that I am an old farm girl.. I was over at HOBS several months ago, telling a few traders over there how I tend to watch the weather charts and had noticed how all the rain was effecting the farming industry, notably Wheat and Corn. I had read several urgent articles from farmers magazine that the corn industry would suffer severe Root Rot... basically that means that corn stalk still grows, but the roots begin to surface to get out of the water... this is not good... because when the rain halts the roots are now exposed, and dry and rot.. so loss of corn on the ear and possible loss of the whole stalk of corn.  Wheat on the other hand  will just lay down from all the rain and wind.. it is very good at standing back up..but like a weed it grow fast with alot of moisture making a thin stalk to stand up with, so with heavy rains and wind it breaks or bends, again this makes the moisture build up under the wheat making it rot and wilt. Now the farmer will still combine these plants.. but the seed that they collect will most likely never make it to the store shelves as your favorite Bread, or cereal. Those grains get used as feed to animals most of the time. There are different classifications of grains of course because shit happens like this, but the farmer who is able to leave their crop in the field to dry out the most will get a better price. Grains are sold by bushels not by weight for that reason, but the less moisture in the seed the farmer gets a better price by its grade usually. It cost General Mills alot of $$ to dry out the seed so they can grind it into flour to make then turn around and add water to make crereal.. seems silly but thats how it goes, because you still have to store the grain and the moisture inside the kernel will still make it rot.  Popcorn for instance.. to Pop it has to have moisture, did you know that... but it has to be the perfect moisture content to pop.. I don't remember the % of moisture needed but thats an example of what makes Popcorn different from field corn that we use everyday. OK, now that you have learned about wheat and corn, who cares right......WRONG, there is a strong correlation betw Grains and the stock market that I have found.. I am sure someone else out there has written a book on it for all that I know.. I have never looked for one let me put it that way... but

I had mentioned to all of them at the time that corn and wheat should shoot thru the roof... I myself being a real dumb ass at times like right now.. just forgot about the research that I had done, but I also did not realize how many ETF's there are right now for Corn, wheat, rice, you name it its there including cattle... I just found them today.. anyway.. RK had given me Carl Futia's site and just a few min's ago I went over to see his end of day post.. and I found the yearly Wheat chart up he had.. at the same time I am looking at the $SPX and thought I would post and show all of you the correlation....Now if you can post your own chart then bring up the wheat it works better of course but notice how wheat spiked and the market fell... we are very close to that same scenerio again... very close... my stochastics are mixed as you can see on my 5yr chart... the volume is weak..but again.. back in 07 volume was even weaker and we rose to all new Highs. This is also one of the things that is bugging me right now... weak volume does not mean we are going down... as per my post this afternoon on Apple.. up  $1.66  GE was pretty much flat in my opinion... and TZA started sliding into a possible 3rd wave down... We really could go to 1250 and it would not surprise me at all. So, I will try to update as soon as the post is up.. but I do not expect much out of it as usual..>L

A touch of Gann..

I find things and forget about them.. I am cleaning my desk off and getting rid of saved files and ran into this..   http://www.sacredscience.com/ferrera/mathformula.htm

McLaren update

http://www.safehaven.com/article/17756/squawk-box-europe  have a nice Fri. night.. update over wkend. >L

Classic Yamada :))))

As most of you know one of my favorite Technical Research advisors is Louise Yamada, so before the #'s are announced you have 9 min. to read Barron's latest article with her.  http://online.barrons.com/article/SB50001424052970204391004575384702488502236.html

Volume..weak..weaker..butttttt

Don't cha know that the Volume has about died off... everyone is on their last minute vacations.. butttt there is one lesson that I have learned and forgot to mention about LOW Volume.... Yes, you can have it, and it can get weaker and weaker... and you say to yourself... what the He--... how are we climbing up this ending diagonal triangle... well, everyone, there are no SELLERS!!!   this scenerio took place back in the 03-07 run up.. on more than one occasion.. I was deep in  Bear Shit..and yes got it smearrrrrred in my face... because of this same scenerio.. but the Tide is different here... we had jobs, we all had houses, cars, and $$.  Today no houses, no jobs, no $$ freely to spend.. and your frustrated angry and want to kick ass all the time.. they call that stress... because you do not want to  a) loose your house b) loose your job c) or loose your $$ even in this bear mkt... so the Tide is pulling at you.. back and forth, and you are tired... you see what I mean.. You have got to Hang in there.. remember you can always wear a life jacket when entering the water...it helps when you get tired.. just try to hedge this market the best you can.. to stay with the ebb and tide.. OK>. gotts to run..>L

Dollar

$USD  dollar is loosing ground...continued weakness... rising diagonal or ending diagonal is still in trade, If the dollar turns.. to the upside.. we will start our Possible Spike down in stocks... Looking for dollar to go as low as $80... If it breaks that .. the ending diagonal is going to finish its move to the upside heading to 1150... The other bull working hard is the Crude oil boys.. not too many sessions that I have traded that If oil is up equities are usually following to the upside... so my count on this move at the moment... Yes we could be finished butttt the 4th wave could be getting ready to trade out...with final 5th to go... or like "R" has stated in the comments we could try to retest the JULY LOWS....another look at these move's brings in a possible decending triangle... or also know as expanding tri. too.  so if that is the case. we are in only wave c on a minute scale... we would still have D and E to do... if we are in that scenerio... we actually could go to March OF 2011... before really falling hard.. my time series ...ugggg... OK, will update later just wanted to go over a few things before the bell hope you see this...>L

Premature...who knows?

OK, this is what I was trying to say.. even though this is Springhill Jacks chart of Oil it looks very very similar to the S&P  chart, to the right.. Now the PUG call is not cool with me, I prefer the EWT call on the rising wedge or ending diagonal, but as you can see in both charts we could go back to 1105 on S&P then shoot back up, that is our first line of resistance.. if it breaks then If you draw a Fork in the road the next resistance lies in or around 1085 ish.. and so on as all of you can see from the drawings that the game plan is pretty much laid out right in front of us.. this  really is a day traders dream in a way.. hedging and then taking small profits or better known as Scalping.. its alot of what I do with stocks.. but as "R", can tell all of you , that if I was in a gun fight I can pull the trigger faster than all of you..LOL!!!  I am done tonight... go study.. give yourselves some comments to help each other.. Oh and R, RK said yes on the E-mail.. let me know if its OK with you...later >L

We are There~~~

According to the EWT Gods, we have reached the alotted  upside targets, yes we could still go higher, but we have met all criteria to resume the fall....  You know they are right, we have, and the way things are going, we really could just switch gears from forward to Reverse just as fast, this is the kind of stuff that puts traders on their knees praying, and crying like a baby. My count is very close.. the spike up yesterday could have been enough.. I just do not think so..but we are close.I still like 1150 but and  so to be on the safe side everyone, be ready to pull the trigger on any gains if you have gone long  on stocks, you might want to consider taking the profit, even though the futures are down, its my 30 day turn date that sticks in my head.. we have 2 days left but really only till today!.. I forgot that July has 31 days.. so, no I choked again, it was Yesterday... uggg...remind me to look at my calendar sometimes will ya guys. Thanks. So, get out as soon as possible.. OK. the worst is that I am wrong and you have your $$.. I have to get out of some of mine as soon as the bell hits..I know we where just talking stocks to buy yesterday so doesn't that make sense now?  Bears to Bulls and we are falling for the bullshit..I feel like a sucker uggg. so if yesterday was the final move of Minor wave 2 then the rest of this week could be very very interesting.. later>L  Oh and another thing.. PUG on his previous charts has an inverted H&S pattern.. that is going to be incorrect in the end, but he could be right that  we pick up momentum here.. because we could be in an extended 3rd wave... soooo.. maybe be ready to sell, but only if we break 1120 area.. OK. >L

Bullish BIDU Looks SWEET! Bearish TZA Looks like Honey! Yummy:)

Wow,  Fridays action was great!.. I am in the bullish mode.. How about you all?  We really could have finished wave 4 and have a small quick and to the point wave 5 to go.. all we have to do is make a new High... in your e mail you should have found some interesting things... Maybe Thing 1 or Thing 2, Dr. Suess has some interesting characters these days.. LOL.. for some of you that is an inside Joke.. so ignore it.

Now, come on You all Know I am a BEAR!!! and I am very Bearish at this point and time, but we really could go do that 5th wave that sometimes does not exist in my opinion.  but as alot of other updates currently have we could really be done. Its funny 50% of them are Bullish and 50% are Bearish. That is how nutty this mkt is right now. The only thing that the Bears have going for them is the Volume..but the volume has been low and we have still gone Higher!  so in a way that really sucks to be frank. Something out there in wall street land is buying it up and pushing hard to get the little guy to panic and dive in.. and when it does we really could be going to the 1150-1250 area... that is what worries me..but.. There are some good things going for us:
1) The Dollar looks to be finishing a correction... when it finishes of course the market will resume the downtrend "Normally".
2)  GDP's # was just magnificent!! 
3)  Psychology is cautious again and turning bearish as seen by the Volume ....

If you like to buy stocks like some of us do..Bidu, RTP, AWK, and a long shot that had a terrible accident happen at its sugar plant earlier this year IPSU, are looking good in my opinion.. I have them in the order that I like them.. but like I said Imperial sugar is a long shot.. its about the recovery from the fire, deaths, and OSHA fines.. that need to be seen on the bottom line.. I have 3 waves down with a 4th in progress.. ? is what will the #'s be.. she's at $12 , I would wait for Earnings.. I think she might fall a bit, then turn up.. They have built a new plant and its at full capacity running.. so wait for the bait...then buy.. this could be a long and its the only sugar stock.. and bad times people love their sugar even more... Bidu, well, google has made it a long again.. and I actually feel really stupid for not mentioning this when google got in trouble again with China the other day.. this stock is a long term HOLD! no matter what happens with our economy.. China's will continue to grow.. even though most people would not agree with me even the U.S. will continue to grow.. just not at light speed.. but China , India and Africa are the HOT mkts of tomorrow.. its the good starters like Bidu that will pay off like an Apple or goog.. has done for alot of investors. I hate to say that I personally was caught in a time warp when these stocks came to light.. being at the end of the Baby boomers..(giving away my age now),  My mentality really sucked thinking of Internet and all the stuff people would do and have done with it.. I did buy MSFT though.. because it was hot and I took the advice of a guy who was starting out as a financial advisor, but he told me to sell it and buy up all kinds of tech stocks.. see where this is going guys and gals..I lost it all..and I will never reveal how much that was...you can guess??? I salvaged some, but stocks like Lucent tech are well long gone with my $$.. the tech bubble givith and took it away... but the new stuff called Cloud is interesting..but will it bubble too..???  Lets chat about that soon.. OK.. I do not understand it all.. so hopefull some of you can give your views.. EWT has called the top in this move.. they say we are starting the 3rd wave down.. its sometime this week. So, If I find some other wonderful update I will add it on to this one.. so check back before the bell..>L

Interesting day?

Ok, everyone, GDP sucked as predicted. We have been waiting for earnings season to end, it just makes emotions ride like a wild bronco.

R, and RK, and anyone else.. I have been told about truncated 5th waves on more than one occasion. My personal experience over the years of chart reading, has given me an idea. I honestly do not Believe in Truncated 5th Waves...... Now your wondering why? My first book that I ever read on trading I got at an auction in a pile of books that I paid 50c for. I tell ya, It has gone down in history ever since as the best auction purchase I have ever made.  Fibonacci Applications and Strategies for Traders...by Robert Fischer.  this box of books also contained several other expensive and valuable books that helped me on my way to the beginnings of my trading experience's..  I studied and studied and researched what this was and that was.. you know we still do it today... but all truncated 5th waves just lead me back to Mr. Fischer, there are no truncations...WHAT!   Waves 1,3,5 are ending waves in up trends and down trends.. but corrective wave are A,B,C's or I also call them 1,2,3 .   Do you see what I wrote.. inside of a 3rd wave we have 5 waves.. and so even though we may not show that so called 4th wave move, we still had a 4th wave move  inside of the 3rd wave,  Even Prechter says to only trade 1,2,3... let 4 and 5 go.. get the meat of the potatoe not the outside skin... that was the key phrase after many yrs of fighting with 4's and 5's, sometimes there just doesn't seem to be one or both... but there is ..contrary to what we have taught ourselves or read in most of Prechter's books.  The other fasinating book that I just never have liked but the more I pick it up the more I am beginning to understand what this nut is saying...Neely... most every move is a triangle or type of triangle move, they are small, they are med. and large, and sometimes Ex.Lg.  but there are alot of triangles. So, there are beautiful Elliot patterns and there are ugly ones sorta like we just saw.. but wks, mo's, and yrs later we look back at charts and go ...OH. man, now I see that pattern...have a great Wk end..>L

Direction's to Bear or Bull Pen Please?

OK, some lucky Trader out there today made some $$..  "R", congrats.. nice stock pick by the way IRBT, up $1.35. Nice very nice. I still like your pick, butttt it could have made its high.. I think that Tomorrow will tell the tell for Bulls Vs Bears.  The nice thing about our Mkt. system is that no matter what happens we usually always have that scenerio going on somewhere in the system.. stocks going up and some going down.  Now to Tonights feature Presentation...    R, and RK,  and any other lucky viewer out there in Cloud space we are in a trading range that can of course go either way... Hence Tonights feature title!  $SPX is stuck between 1113 break it we go up.... 1090...  break it we go down... its just that simple.. Annie get your Gun... have your trigger finger ready, the fight is on.   Joeseph Russo, is one of my favorite Elliot wave guys, I do not talk about him because his articles are just usually short but his charts speak wonders at times so he updated some charts over at Stockcharts.com  take a look, and here is his article to boot.. have a great night.. whatch those supports in the morning..along with GDP later>L   http://www.safehaven.com/article/17520/batter-up-game-on               http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID676791

Topping In the 5th!!!!

Ok, Hope you all had some time to check out the $VIX..and maybe the E-mini's.  WHY?  well opposites attract normally don't they?  I feel that we just finished a possible Wave 4... and if that is the case.... good old Mr. Vix still has a wave to go.. so I had you look to get Prepared for the final move.  #5  this wave could be swift and to the point.. it started yesterday at the end of the day.  The Resistance levels still stand that I posted the other day...the only question is do we go to 1131 ish and be done or do we go to the 1150ish area , or 1250ish area.. Pug had 1250 but, butt buttt  our 30 day turn window is about to expire and we should top by Tues. at the latest. and then have a turn down.... Now, that brings me to Mr. McH... He feels that we could be in a wedge or ending diagonal triangle, then he says he is not sure. if we did not just finish the D of 4.. and I agree with the D part.. but buttttttt he of course forgets that we could really be done.... and that brings me to EWT, they feel that we could be done.. but butt we already new that didn't we.   So, lets go with the final 5th wave.. all we really have to do is make a new high even by a small fraction.  Jobless claims are due out in just minutes. I have a problems with a few things... 1) the s/p and dow are way off with each other, price wise..  the Nasdaq does not looked finished. The $RUT looks unfinished as well... I really do not feel that we have been in a Diamond formation or pattern either... today and tomorrow are very important for these answers... up or down,, In 8 min's we may have a good direction  until then...>L

$vix check it out. and ES..

OK, VIX looks very interesting and the most was the E-Mini's it broke 1100... not by much but it did break...  the vix looks good right now.. so take a moment go check it out.. I have to run errands tonight, so I won't have time to update tillmorning... OK>L

Leggooooo's!

Do you like to play with leggo's? The market feels like it to me at times... we build we disasemble, and so on.  So I need a chart but have no time...  hopefully before the opening bell OK...  I just want you to know that I am not the only EWT er, that has made comments about the mother ship, and how bad they have been about calling this mrkt.  TK at the slope had made one, and promptly removed it from what I see now.. how funny, he posts their charts every now and then.. don't Piss off the big boy's TK..LOL!   OK  what I see is that we could have topped in Wave 3 at 1121, and we are currently trading out a lovely triangle of wave 4.. so we could have finished this small 4 and could go up in the morning for wave 5. but my indicators are showing we still need further correction, but if we do not.. first target is 1131 area Ok,, bear support still lies at 1100... now in old EWT fashion we have met all criteria to take a dump from here... don't get excited I know you looked at the training video's  so... I still say we go up to 1131 drop to 1113 area.. then back up and down in larger degree wave 4 this could continue too R's 8/17 area .. or till Sept.. then final 5 up to 1150 or higher... some are calling around 1145ish.. who cares at this point.. lets get it over with.. good time to go on vacation is you feel like you need a break... so will try to get my chart up or maybe mr pug will post again and we get a sneak peak of what he has till then...later>L

Videos worth reviewing!

These videos are great for beginners..  will update in a few.. and Guys.. No Boobie comments!  LOL>Lhttp://www.youtube.com/watch?v=K_7JrmF90ek&feature=player_embedded

Earning Season Positive All "Around"!

Well, out I went yesterday, totally into cash, except for the few stocks that I have been holding for awhile now.  MNKD, ARNA, and ABK.  Now 2 out of 3 is not bad.  Alot of rumors floating right now, and that is making the people sitting on the sidelines edggggggy!  For a Bear, well, I lost all and I mean I lost all of my profits that I had worked hard for!  I am not upset though. I tell ya alot of these moves in the past yr have been well, nuts!  and thats great. I will set myself up for the 1250 area that I had called a while back.. and guess who else has my old #'s.. Yep PUG!.. he posted again this morning over at HOB's... so I really have nothing to say but Happy Trails and good trading to all of you today.. looks like a real positive open and all we can do it try,try again. This is the name of the game. check out pugs chart.. it says it all.. EWT had a horable update by the way. They really never said much just hang in there we are going to fall sometime!!!  I am leaving my membership for the 3rd and final time, I usually get better advice from a box of Cracker Jacks  I am sorry to say.  McHugh went totally bullish on all signals.. thats why I can't argue with Pug at all, most of the Support and Resistance levels are still standing from yesterday, do not worry if we pull back late today or tomorrow.. I am looking for a retrace of some sort by weeks end... I do have turn date on Fri july 30... also Historically first wk of Aug is bearish... and if my 30 day top and bottom is still ongoing.. we should top On or around Aug 2nd... could we make it to 1250 by Mon?  hey they won't stop trading if it goes up do they...LOL!  I love our rules.. makes absolutely no sense...later>L

Bulls Vs Bears?

OK, did you stare :)) did you have coffee and stare?  maybe a beer and stare?  Well I have had a few pots of coffee and sat and stared... at the left shoulder for several hours actually figuring time/price, distances up and down.. it is interesting 
Let me give you some #'s for the start of Mon. compliments of Smart Traders site  7-26 $SPX  resistance  R3=1119.58  R2=1134.60  R1 1118.63     sorry that was weekly Resistance   for Monday its   R3 1119.58  R2=  1113.94 and R1 1108.09   Support #'s for Mon are  S1=1092.45  S2=1082.24  S3=1076.60   

There is just a few comments that I forgot to put up when I first put this up...  Volume is light, very light.  So, my buddy I trade with is very Bullish, hence forth, I am a Bear at heart. I  can swing with the charts believe me, but I like VOLUME, so do we go higher...sorry this time its a flip of the coin.. but big moves always happen when volume is void. Higher is probably in at the moment.. but, we are oversold on my 5min chart.. so we start off higher then turn lower late morning... there is alot of good stocks giving earnings before the bell and after... I am jumping out if we go higher by noon.. I was asleep Fri when the mkt took off.. so I was not able to jump out on Fri like I had told all of you to do.. but I will today.  Good luck, to all of us, but as I have always said.. if you are too scared of loosing your $$ just get out.. best move anyone can make.. I just try to say it the way it is. Think positive during these kinds of moves.. hard to get too upset anyway these days...LOL!  good luck today. >L

Check this out.. my own Creation!!!!!!!

Can You dig it!  I finally after all these Years, not months Years figure out how to post MY OWN CHART!  Haa Haaa..... I pat myself on me own back!  Hee hee.. Now only a few of you out there know that I am totally almost Tech dumb is the only way to put it.. So just look at this chart.. stare at it.. drink and stare at this chart.. have coffee and stare again... just STARE! Darn it... Look how long it took to trade out from 99 to 03... this is a year that ends in an "0", If this pattern continues as I suspect... that lovely Diamond that Pug has drawn and this Longer term Diamond that is forming from what I see.. we bounce till next year, then do the Lipton Tea Plunge in 2012.......just something to Ponder.. I need comments.. my mind is bouncing.. kick your thoughts at me   E-me with your charts.. I will post them..  thecattrader@gmail.com...   till tomorrow.. >L

Nothings changed....unless we fall past 1056...

nothings changed unless we drop a good bomb OK. will update this wkend early.. good luck today>L

Wow..!!!!

I think I should take my own advice and jump out of the pile of shshshshshtttt.. Wow, I am just sort of baffled... typeless.. there is only one thing to say to all of you... If we break 1100  we are and will be bullish for the rest of the month... good luck today..>L    Pug posted this over at HOBS  

morning all...

Ok, 1110 on S/P  should form resistance if we break that humm 1040 area.. the more I look at this whole scenerio I want to kick my..own. aaaaasss  if you know what I mean... The other day.. I said this could be a B wave of the Larger degree 2nd wave UP... and that if we did 50% retrace we could turn and go up.. I know I had that in one of the updates.. and we did 50%  so the ? is where do we go from here.. well, today could be a quck down trend after the open.. probably take 10 15 min. to let this wave trade out then we fall.. we could be oversold on 60-min. chart... the sub-minuette wave will be quick.. but again 1100 break is the key... but that 1150 area could be where we are heading to end the C wave for wave 2.... sorry I did not catch that .. I feel bad..  here's a chart from Waveprinciple.. he hasa nice channel drawn  where he has b? in green I think is the beginning's of wave  C of wave C... just preserve capital. at this time if you are uncomfortable with these swings... I sent a friend a chart the other day.. on the crash of 1929... in that chart.. the swings where incredible..before it really let go.. you know I always say its like a Yo Yo.. up down up down.. but thats the topping process.. so.. I know I am a hurting bear this morning.. I got shot with a 410ga.  yesterday.. but its a superficial wound if you ask me.. My 30 day up down moves are currently back into this move... so a top at this time.. will be around the 3rd of Aug.   Remember the Cardinal Climax is in effect, and it affects emotions deeply.. so stay in control...during this period. research it, very interesting... have a good day.. my apologies..>Lhttp://3.bp.blogspot.com/_SRSTWZ5iCVs/TEYMsNKCQhI/AAAAAAAADjA/idaTfw2Tz8w/s1600/SPX-60MINBULL7-20.png

My Worst Enemy~~ Me!

OK, well Me again, I tell ya I swear this is a dream... my worst enemy is me. Again, asleep for the finally of a weird but long drawn out battle between Bull and Bear.  I had to shut my computer down today, I got cyber attacked at the worst time.Not once or twice 5 times. I have never had that happen before in all my yrs of being on the internet. So, that did not help my seeing my charts this morning.. but I am glad that all of you knew that 1081 was a crucial spot and the Bulls feel in control again... but to awake to this makes me wonder is this still a dream... LOL!   No, guess not... my only problem is we bounced right off my channel lines and it really looks like we did 5 waves up from the low of this morning.. God could this be a Bull trap now? I tell ya everyone, this has me stumped right now.. I do not have time tonight to go over everything.. gotta get ready for work, I will think and try to have something up by morning.. P... was ready for this. but remember, that move could have been a 5 th wave of wave 1 or yest just before close we could have done an "a", then b this morning and a c riht now that is very close to finishing near my channel.. If you got out of the mket.. its OK,,, I would rather your safe than sorry, getting burned naturally does not feel good.. and when it hits your back pocket sometimes that hurts worse.. this is the demons that fight us back and forth, good and evil, we all have them. Do you have the stomach to go on? shake it off and start over:) easier said than done at times ehhh... enough of the coach stuff... still remember if we are in the "c" of two of minor wave 3, we have to break 1100, I will try to update as fast as poss. tomor. morning.. have a good night, hang in there, Bears survive alot longer than Bulls ....later>L

EYE of The STORM~~~

Now we have to work to get our time frames correct at this point and time... my scenerio that we could have done a Minute or Subminute "b", I think played out.. then today we where in and still could be in the "c" of that corrective but declining pattern.  The short term indicators on my charts read that we are going up.. but IBM might have burst that short term indicator apart.. and besides that.. if you look we did 5up, ended 1074, fell 5down to 1068 and up 5 these are all on Subminute scale.. its like looking at at needle in the hay... we need to keep the bigger picture here... Please.. this is the most important way to keep your head on straight.. this includes me.. I get caught up in these moves myself.. and forget I am on a 5dy 5mn chart and shewww I think the sky is crashing in, wake up from the nasty dream and realize . hey, Flipper..Yea.. we are just day trading chick.. get back on that 5yr chart or 1yr chart.. Look, Ok, got it.. LOL!  I do it, I know even the best of traders do it... Its mind bogggggling at times.. Its the MATRIX re-lived!  Hook me up Scotty!... Ok, enough go see Inception.. what a great Movie.. back to the charts..  Earnings are pulling big fund traders apart... of course they are no good, we have reworked every law of business practice there is, we laid employees off, lowered earnings almost as far back on some co's to the 90's, took the hit on the 07 crash, and barely meeting our whole new co earnings again. Or missing like I figure the majority will do. IBM, GE, wow... just a start...the list will grow like the banks that are dropping like flys.. the only thing is they can stay in business a little longer, how? they cut workers again, and again,see  its like my bus. I have no one to cut, but myself.. so what I do is what I do.. but my bus. was founded on the worker bee not the guy in the tie and suit that drives the Beemer or Mercy... so my sales are sad to say the least.. if you read earlier.. sooooooo lets revue..Oh RK... McH.. never updates till 1am.est. so will update in morning.  OK EWT, here we go...  The mkt is pathing  its way out in subdivisions..getting ready for big decline next leg should go down big(meaning from subminute to minor) very fast paced(Wed 21cardinal climax starts thru Aug 21st) brisk, and last wk high should remain...OK, 5 wave decline1061 they have labeled as Minuette wave 1...  now Yo Yo releasing pressure.. resistance now at 1181..(if it goes past would violate 1st Subminuette wave down)  they are saying that short term charts show a complete 3 wave move up..from this morning..next leg down will be Minuette wave 3, of minor 3 down.   OK, so if we go higher than 1181 we are still in that 2nd wave correction from the larger wave we just fell from... got that... let me know if you have ?,s. Ok.. gotta go check out other sites.. but they are pretty much right on with what I had last night..  and my small update today. R, I still have 10% of my port in cash.. I have been holding  ARNA for awhile now..sold half the other day..but this stock still has wings to fly...but be careful if you like it.. she is moving fast..daily.. also bought 15% more to downside today at around 2:50est.t  I had a buy set in case I stepped away or was still knapping...LOL!  IBM is taking it hard....Just like the Apple on the tree... if I had traded options I would be well healthier in my pocket thats for sure... OK if I find anything else out that is more intersting than myself.. I will let you know.. but I can hardly deal with me...later>L

SHARP as a Knife~~

Hope you all enjoyed my venting earlier.. maybe not so lets get to the heart of it all... Could we have started Wave #3... Yes, and No... We would really need to break 1040-1032 on S&P to be in 3, But we are actually sitting on resistance right now... E-mini's broke that earlier.. but thats not the S&P...I am still looking for falling action to happen till the1055 and  1044 area.. that is another resistance area on my list... that is the 61.8% hit.. So, that leads me to my 2nd Scenerio... could be be in a "B" wave of the C that we just thought we finished... we have to break 1054.99(1055 above) and that is around the 50% level of this fall... we have to break it.. or we could rally, now the rally could be in two forms.. thats the "Real Problem right now", we could be going back up for wave 2 in a Minute to Minor degree wave 2 of 3 or.. on friday.. we did a series of high,low high low right before the close.. I have a count that that is a possible wave B of 2, in bear mkts B's tend to fall below the origin of A., Just the opposite in Bull market's.. remember my upside down chart.???  OK, so.. that could be a sign that wave C of 2 or an extention of Wave 3 right now is about to happenin the $SPX.. OK.. so that rally could be just 5pts... to the upside usually 23-38% retrace then the market will gap again lower.. that will be the start of 3 of 3 of just wave 1 of Minor or Intermediate wave 3 at that point... I have not had time to make an accurate count and my updated EWT does not give me a super count either.. nor does McH.. They must of all been worn out on Fri. their updates are horable considering where we could be right now.. McH.. is the only one now that I am reading his $SPX update that has my B scenerio going to 950... personally never thought of it going that low.. I will have to research that.. Had a terrible storm rip thru earlier after I posted my hot air.. so I am just reading as I am typing and thinking... sorry.. I rely on my own gut but its nice to have Pro's on your side. So, he is saying the same thing I am just at a larger degree.. You see I still think its at my degree we need to worrie about with the B wave theory well, for right now... but remember B could turn into 2 of 3.. OK, so right now.. unless this thing just Plunges... we know we have some areas of resistance to deal with.. I am sure that most of you have other sites that confirm most of what I have typed.. Just remember... thanks for stopping by.. good luck will try to update thru comments section tomorrow. But I am back on my old schedule this week... so updates will be in the morning or late evening... later >L

Wee Bee...102sq.ft. ???

http://www.tumbleweedhouses.com/houses/             Granted.. there are times we all want to go live in a hole, but these little houses are better that that. Can you get over the detail that this man has done in these little spaces... Now Bigger is better right, not right now. Check them out. Its like saying.. we are going to cut your house into 4 sections... you better know what you want to wear, what little food you can store, who you want to invite over, only 1 person at a time OK,,, it would be great if you where single wouldn't it, or even if you are married, you could still save thousands and still have your home away from home!..LOL!  I love it! the idea is just a step ahead of everyone, but backwards isn't it?  Little house on the Praire style. How did they do it, they just simply had no choice did they. Life was hard in the 1800's all the way till really the 60's. Technology has driven the work place from Industrial to Tech city!.. every gadget under the sun..cell phones, talking cars, talking houses, credit cards, convenience after convenience.. hummmm  what would you do if the power went out! No fast food, no grocery stores..no computer's.. Just wanted you to start thinking a head.. Today was a wash out too.. rained my event out.. sales where just horrible and the economy is really starting to effect my small business's big time. I am about to go out of business at this rate so I know how it feels to a point what the small bus. owner who lives off of his hard work is going thru, he's about belly up unless he saved for these rainy days that still lie ahead....  4 more Banks went under on Fri.  Banks are raising rates again to cover their ass's! this time its not only card rates its your savings accounts and checking acc'ts.. get ready. That little piece of Plastic is about to make your bank Billions.. and they are laughing at you.. so back to the basics we go.. you will have to carry cash, because everytime you use that plastic convience card they are going to charge you oh..5cents.. maybe more or less.. who cares most people use it twice three times a day X 's that by millions or billions of people and you have millions to billions of $$$ every day.. anytime bank rates are going up too.. so don't leave home with out cash.. the days of free checking and checkcard services are gone... American Express is Hot again!!!  reminds me of the 70's..LOL!  I just saw Hawaii Five O... WHAT! they are going to destroy my childhood aren't they I loved that show.. but everyone is home right now whatching the grove tube again.. they can't afford to go out hardly.. a movie is $10.00 per person.. for a family of 4 that is $40, popcorn $6.50, soda's $12 commmmme on.. who's making $$  Netflix... and I just read an interesting article in Bloomberg Business.. Now mind you it is a few weeks Old.. I do not subscibe to Magazines.. I go to the Half price book store and buy them for 50cents a few weeks old.. Sony has put the ability to buy movies out of your XBox 360 Now won't that be something...I see Sony and Google putting a hurting on Mr. Netflix in time for Winter...So, if you know someone that owns the NetFlix  they might want to get out on the next ride higher.. well I am not sure when that will be..but.. get ready to pay for about everything you want to watch... is the way I am interpreting the future of the web and tv.. between the makers and the bakers Public TV might be the only thing left...Comcast TimeWarner all of them are hurting.. If you loose your Job, whats the first thing you get rid of?  thats right.. Cable, Internet... you buy a laptop or an Iphone.. or you go borrow a friends... thats what I would do.. but Starbucks might be five bucks to me.. but free wi-fi  in your car is nice when I am on trips..LOL!  I still make my own coffee...I buy starbucks out of the grocery store.. yes I am as addicted to it as the next coffee nut.. shoot me.. I like good coffee.. personally I like expensive organic coffee's but its out of my budget right now...http://holualoaorganic.com/default.aspx   I hope they are still in business when the ball finishes its drop.. but then again maybe I can buy them out... just a thought.. I love Blue water.. never been to Hawaii.. heard its really nice.. but then again I like where I live, so why change? Thats for another day.....will update in less than 6 hrs... just had to get that shit off my..head..>L

Google Slides, out at 2nd base! Apple's waiting to be Picked!

I am extremely busy right now. Many things going on and of course they all hit at once. My vacation was a wash.  I usually get to at least play a bit, not this time, my trip got canceled last minute, but things happen for a reason. Today, was it. I was totally prepared for this turn! I had cleaned up alot of small running stocks that I had purchased in my portfolio..that left me with almost 25% of my portfolio available for that move on Thurs. that I had mentioned... A,B, C.  Now, we did have a high % chance that it would go higher.. but with Google and Apple leading the way for us, we got our start to a "3 of 3"start.. or my other thoughts that I will hopefully have time to update on before the opening bell on Mon. morn. check back then..>L

CAN YOU SAY A,B,C ?

Alrighty, we are finally on our Way to the Possible "3"rd  of 3 wave start. This is how I see it everyone.. tomorrow morning Anna on Hot Option Babe is calling for Upside to finish. late morning to early afternoon. and I couldn't agree more!  it helps sometimes to boost my lay out when a highly reputable trader like Anna, is calling what I see and what I have been saying for the overall big picture on this move that started back in April.  There is only "1", catch to the whole move by the looks of it and of course Hotchberg would spoil my party... EWT is calling that we can not Exceed  June's High of $SPX 1131.23 (I have that as topof A of 2 , B ended 7/1 and C is > so we are back to the call of 1100-1110 and we need to end somewhere in that area.. 78,6% retrace is at 1106.40.. rough figure... and that should end C of 2...or 2 of 3 of 3.  If it is the start of 3 of 3  Wow... this will get fired up fast...  So lets look at $VIX  above.. doesn't it look lovely.. it could have bottomed in a 2nd wave itself...so sorry for the late update I have to go check out some more sites.. and I might get the chance to edit before morning. so.. X your fingers for the start.. I am currently 60% bearish.. TZA,QID, SDS   later>L  Have a cup of coffee ready...  very interesting...  http://www.youtube.com/watch?v=UbaBM3pDer0     later>L