Strategies & Market Trends | Waiting for the big Kahuna


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To: Vitas who wrote (93613)3/7/2012 6:03:34 AM
From: William H Huebl   of 94011
 
Unless we get military action in the mid-east or some calamity.... I don't see much in the way of downside. But you were right on this pull-back... congrats!

Some of my longer term indicators (3-6 mos) are, however, indicating lower prices coming... whether that is predicting military or economic problems is uncertain.

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To: William H Huebl who wrote (93614)3/7/2012 9:39:55 PM
From: Vitas   of 94011
 
This pullback has taken much longer to develop than I expected. I am still on an intermediate sell. Can't rule out a partial retrace rally. But I expect lower prices to come.

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To: cycleupcycledown who wrote (93573)3/8/2012 7:41:56 AM
From: cycleupcycledown   of 94011
 
full moon today, SnP is very overbought.........Should be a lead cinch short now......Try sum SPXU ( 3x SnP short)

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To: Vitas who wrote (93615)3/8/2012 7:00:26 PM
From: William H Huebl   of 94011
 
I am probably wrong but I think you are at least a month too early, maybe longer.

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To: William H Huebl who wrote (93617)3/8/2012 8:54:36 PM
From: Vitas   of 94011
 
So far we are following the basic pattern, the initial drop, then sometimes a partial retracement, which can be about .618 depending on whether it is SPX or NYA, which should be followed by another drop. We shall see.

I see an interesting intersection of trendlines from both above and below that occur at around SPX 1322 next Wednesday. We shall see.

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To: Vitas who wrote (93618)3/8/2012 11:08:12 PM
From: William H Huebl   of 94011
 
Of course, you know that Gann theory says that for that big a retracement, that the original direction - up in this case - will continue, IMHO.

But as you say, we shall see...

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To: William H Huebl who wrote (93619)3/11/2012 3:18:11 PM
From: Vitas   of 94011
 
I have seen fib retracements to .618 or even .75 and then a reversal back in the original direction. Haven't you?

The pattern last February 2011 retraced .76 and reversed back down again. So far that is what I expect.

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To: Vitas who wrote (93620)3/22/2012 3:44:11 PM
From: William H Huebl   of 94011
 
Sure, always exceptions to the rules as you well know.

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To: William H Huebl who wrote (93621)3/24/2012 12:29:31 AM
From: Vitas   of 94011
 
What do you have here, up or down?

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To: Vitas who wrote (93622)3/24/2012 9:41:45 AM
From: William H Huebl   of 94011
 
Short-term weakness, IMHO.

BWDIK?

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