Happy July 4th!!!

Its already been a crazy Week on wallstreet!  The news has been exactly so so with good and bad. I see that alot of people wanted to get out of the market due to the end of the quarter, but I also believe that a Shit-Load of Employees retired or where laid off during this quarter and removed their Lifelines to survive till they Miraculously find a new job... with out the perks and bennies they where accustomed too!  Because of my Gutt feeling, we have broken some major support lines in the E-mini S/P and $rut...but we are still inside the channel of the $SPX  and landed right on today's bottom support... so could we have more selling...I think we could.. the News from spain right before the closing bell was just the first coating of Icing for this cupcake... its the future of Wall street and of our own survival that I am now beginning to ponder.. but I will try to have a posting on my thoughts on that subject very soon.  Downward pressure if building in this pressure cooker.. so take some profits are in store... I took some this morning then not more than half an hour later I was buying 40cents down from where I sold... cha ching... OK... tomorrow could be an up day.. its Thurs and Fri. that I think could get interesting before the Holiday...Later>L

Lost but not alone?

Check out what Bill McLaren had to say today over on European Squawkbox...    http://www.safehaven.com/article/17302/cnbc-squawkbox-europe                 Anything goes right now R, I think that everyone has their wave count off... the more that I stare at the charts the more that I think Now that we just finished a B wave down... and that we could have a C wave yet to go up and that could take us to the 61.8% retrace... 1151... so... do not give up on this down move though.. it really is a coin toss at the moment.. because if you look at  a 1yr weekly $INDU  we could also be forming a H&S pattern... or a potential wave 2 of wave 3 but remember this is just minor wave 3 of  Wave A or 1 of wave C... did you get that.. so most every move right now is only on minute or minor scale... small yet powerful right now.. funny I want the big moves but this is just like jumping puddles right now.. I went out and bought a new printer.. but can't use it till I use up the ink in the old printer.. so pretty soon hopefully I can show ya some of my drawings that I do... OK.. right now Asia is up.. slightly and so are our futures.. but they should be up.. its that potential of a 3 in either direction right now that worries me... bull or bear.. OH.. I know what I wanted you to go look at VXX  its about to bump up against some good resisitance.. and if it does that means the market goes Bull... the $VIX has got to break that resistance to the upside..or we are in that C wave going to 1051... OK... also.. GLD about to hit some resistance too.. so gold could be soon coming to a reversal zone... looking at shorting that... at least I can counter and make some $ on something... later>L

Could we finally be there!

Morning,  hope everyone is ready, we might actually be starting the 3rd wave after all.. we broke some good supports.. and future's are down currently.. I am looking for 1050 as next support..  We also have a Lunar Eclipse coming in July.. the 11th... so I call it Looney days.. people always act stranger during eclipse's than during full moon's. EWT is calling for severe downward pressure to pick up.. should start to get interesting. OK.. gotta go.. later>L

TUG of WAR~~~

Sorry for not updating this week, the weather and my schedule have just been crazy. Well, on that note so has the market.  As most of you know I have been hanging out in the mornings over at Hot Options Babe's site with Anna and company. Anna, trades Options, and I have been trying to get back into the swing of them, but, this type of trading takes time and alot of Patience that I really do not have alot of, (time that is). But, if you do have the time, you should really give Anna your time, she is a very good options trader. Even if you do not trade them, everyone gives really good advice and suggestions on stock picks and what everyone is thinking on where we are in the market and in the pattern's on the charts and so on.  So, that leads me to where I think we might be.. 

Apple Al, has his link over at Hot options.. and he has some nice charts up in his weekend outlook... so I really like most of his elliot counts... but I like his second scenerio the best... http://willowtreetrading.blogspot.com/      Now his charts are based on E-Mini's...S&P 500  but, they are not far off from the regular S&P chart.   its under his Alternate count chart that really looks the best to what I have in my own mind.. I do get alot of time to just ponder charts in my head as I go down the road.. I realize I borrow charts from other people but I just do not A) have the time to draw them out and B) I really don't know how ..LOL!  at least I am honest about it... I usually copy the chart from Prophet, then hand label the stuff.. my printer will not scan.. and I am a cheap ass and won't go buy another one because I just got this one...life sucks somtimes You know what I mean.? so why bother when others do it for you anyway... I am not lazy just smart... Hee hee... We, have some serious turn dates coming up also before I forget... Summer solstice is due up on the 24th.. 25th.. Happy half of the year is gone!   My turn date is the 26th... I think I had posted that in the last update the turn dates that I had.. anyway, going over the charts I had missed a very important cycle that has been happening.. I even have this in my notes from several months back, and over looked the importance of it.. maybe thats why I am not making any $ this month. but we have been turning every 30days... and that cycle turns around the 4th-6th of every month... give or take a few days... so I suck big Kahunas because I knew this and forgot my own notes!  so it has cost me.. but this bear mkt rally could be ending just after the Boom Boom on the 4th. Oh and remember that most Holiday's we go up anyway...and I was not even thinking about Holidays when I saw this 30dy cycle... most cycles go 30/60/90/120/skip 150 to 180. but Lucas #'s like the magic # of 147 area... and we actually could be in one of those cycles... We are coming up on 90 days...from around April 4th..when we turned.  Ray Merriman's turn date at the time was 4-29, and Murray's turn was the 30th.  The High was on April 26th, so adding today's date 20th of June we are on day 56... so we could have a turn as soon as Thurs. that would make it 60 days from high...24th of June...Now I count all calendar days.. some people only count trading days...so if thats what you like we are only on day 40.. lucas # coming up will be 47 , so trading days brings that day to June 29th.  OK, enough about the turn days... If you look at even just a 1yr s/p chart.. we look like a possible ending diagonal could be starting or, we are in a sideways 4, or we topped and are now in the very beginnings of next move down.
I have a short term sell signal coming up in a few days..but support lies around 1110 right now.  I figure we really still need to go higher.. there is No volume, on either side of the fence, so, that usually leads to higher high's.  still aiming for 1150ish... OK, not sure if I confused you or myself tonight.. I will update early Mon. Morning after McH. posts and I finish reading Master Prechter's latest. till then...>L

Could get interesting..~~ in a few days!

Now this is just a few of the bradley models that I have already posted some time ago.. if I had only followed my own advice...LOL!  I just can't wait to see if it really pulls this whole thing off .. if it does .. I just might become a Bradley luver!... anway did you check your e-mail today?  Now that one is interesting... Just keep it that way ... I think this could get intersting.. I have .. 16th,22,28 as turn days... but on that one.. they have some interestiing.. #'s  not far from mine.but still.... OK Have a great Monday.. I am still very short even though futures are kicking my butt right now...later >L

Sorry R,

Man, R, I am sorry, I have just been later every morning... too much to do.. but as you can see we are about to hit 200 up on the dow  so I am looking for the other shoulder to unwind...1150...on $spx   its sorta the only scenerio left right now.. if I think of anything else I will post...sorry so sorry...

The Broken Wall...is tumbelllllinng downnnnn!!

Ok, my count was on for this move... Minute wave 3...of minor wave 3.. so a but more to downside and then a rally A-B-C and we start 3 of 3 of C and EWT has the same count... or another scenerio is we are there then this thing just needs either to finish wave 4&5 of minute and we then do the upswing a,b,c, and then minor wave 3 down...or we are already in 3 of 3 ... I had sold some on Fri. for some profit.. short trade.. I am still 85% in Buddy R...EWT is calling a possible end to this move at 1046 then rally then fall to 950 or lower.. just to let you know some #'s  I am sorry I am extremely tired.. so read this several times to get the point OK.. I gotta hit the Hay.. hope to get up early...to check on progress of this small wave... Have a great day Thanks again R.. lets keep the comminication up. its working good..later>L

Hit the Road Jack!

Awwww what a wkend. Show's are getting more boring every time I go.. sales are just as bad! :)....Soooo I have had the time to take a peak at your masterpiece http://stockcharts.com/h-sc/ui?s=$COMPQ&p=W&yr=3&mn=7&dy=o&id=p54334184162a=199884815      Now, I say this is interesting to say the least. Flat as a Pancake..on each other... but in the position to Fall from the sky... and that was the Evil Speculator's latest update...  http://evilspeculator.com/    the video speaks a thousand  emotions let alone words!!  I was just reliving my past I think when I saw this ... just wonderful footage... Kid is in a million homes by now...LOL!   So, what to do.. I of course think that most of my followers thought I was Pre-Historic in thinking that is why they are no longer commenting.. maybe they are still viewers, but alas I hope they come back some day.. this could be the biggest Natural Disaster in the Worlds History... well, for a little while anyway.  They say that 2012 is the End of the World as we know it... and it really could be?  What will become of our beloved Nation and world?  These, Dear friends are ?'s that I run thru my mind more and more lately.  I have had years to prepare.. and I am about ready.. its the market that must do the rest...Prechter has long warned the world, and so has many other Dr. Doom's!  There are a Shit-Load of people in this world though... my only mission that I have not accomplished is getting back in the country where I can grow my own crops.. I just hope that I can accomplish that before the worst of the worst hits... So, over at Ray Merrimans site his short term is looking like we are close to a bottom on this move.. yet he calls that anything goes.. EWT is calling for a possible up move followed by further downside breadth... I took some profits on Fri. due to Mon, seem to be impossible to predict.. I also bought some downside to china... hope it pays off... thats it.. Oh ya, turn date on 10th and it shows to be an important date!...later >L

Interesting Watson, very ....

R, A, C, or anyone else out there in Cyber playground... I figure no one else is since its just you an me posting anymore R... I googled my site.. it does not come up.. so, I figure its a fat chance in Hell that someone finds this financial blog ...LOL!  Ok, how about a Fourth Wave...what do you think... Now Pugs shot above is interesting since it seems to be in a very lovely channel... so could it be a C wave up of wave 1.. yes... the rally was strong I guess.. looking at # like GE.. yes it was.. But traders are really scared.. the volitility is eating at them.. you can tell by the volumes in TZA, SDS. it is facinating isn't it, sometimes to just step back and look at the Billions of dollars that where traded today, and technically you where just a small pebble in this wide open ocean of traders... kinda like being a Dolphin in the ocean of sharks and shrimps..LOL! My sick sense of humor..LOL!... but really... think about it.. did you really matter at all.  NO!... it takes billions of dolphins to make a difference in this shark tank!...  sad but true. Sort of like my take on the BP bullshit.. they don't want to clog it up.. they want to retap that sucker, its worth billions and they do not want to redrill.. that costs millions and could cost a billion... so, its easier to just tap back into it.. but how.. thats their problem.. or is it... do they really want the people of New Orleans out of the area, I think they do.. there is alot of oil where these people live and they can't get to it when people live on top of it... but hey its just my theory... skeptic that I am..  I am not very worried about today's large rebound move.. yes I lost thousands in my account.. I was sleeping again.. if we break a few more supports I will have to bail.. and start all over on this but for now we need to hold 1103 for the 4th wave scenerio.. if it is not that, then we are in a 3rd wave of 2 up... of wave C of C of 2... then we need to hold 1150!!  :))))  I gotta go.. chat with you later >L

We need to Break.....

Yes, we need to break 1056, according to the Fri. UPdate in EWT.  So that is their magic #. so 14 pts R, and then well, we'll see. I actually have this thing going still to 1020, thats what I had calculated out about a week or more in one of my updates... so lets see how close McClaren and I get.. Your turn dates are interesting.. I need more time to play with them.. I actually have June 10, and so does several others including A, so I never get too excited anymore about any turn date.. we seem to be breaking all that kind of stuff, and that goes with the Elliot theory really. but fibs are playing heavily in support right now... OK R, gotta go surf, see what others think.. and I appreciate your kind thought on the buddy system. we need to stick together right now...very important..>L