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 Strategies & Market Trends | Humble1 and Swing Trading Friends


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From: humble13/19/2012 12:31:13 PM
of 10594
 
Breaking (Bad*) News: My confluence Price Target for the rally off of SPX 1075 on 10/4/11 is ...

SPX 1971

I have 3+ great hits on this one; I will post my worksheet on SPX 1371 in a few days. Eventually, I suspect we will go (much) higher into the mid-2000's, but SPX 1971 is my get-out-of-dodge signal.

* Bad news for the overnight ghouls in Bloomberg and bad news for Bill Gross and El-Erian and bad news for the shorts, bears and not-bullish-enough

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From: humble13/19/2012 12:50:28 PM
of 10594
 

(That SPX 1371 in my previous post should have been SPX 1971.)

Picture of a multi-week/multi-month buying panic:



stockcharts.com 

p.s. that SPX 1371 in my previous post should have been SPX 1971

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To: rkchris who wrote (7503)3/19/2012 1:49:41 PM
From: rkchris of 10594
 
The ES has hit its 1407.14 & 1407.77 cyclic ratio price forecast targets......

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To: rkchris who wrote (7707)3/19/2012 1:56:47 PM
From: sandeep of 10594
 
What is the next target up? Looks like it is gobbling up targets very fast. Thanks for your work!

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To: humble1 who wrote (7705)3/19/2012 8:06:15 PM
From: GaBulldog of 10594
 
Humble1,
I been following your board for a few months and I much appreciate you sharing your work. May I ask if you have a time frame for reaching your target and do you expect any big detours along the way?

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To: GaBulldog who wrote (7709)3/20/2012 12:33:09 AM
From: humble1 of 10594
 
Dawg: If there are any significant detours they are expected to be frightening but short, probably caused by an "event" or i-rate comments by a Fed member.

Timing: It could be historically quick. If the SPX 1971 is hit this year, it should happen by 8/30, imho. Next year, early May (2013) is an interesting cut-off date, as things stand now. This would seem nuts except for the huge (and increasing) reservoirs of $$$ in corporate piggy banks, the worldwide paperprinting fiat currency regimes, and the potential stampede of maddening Sheeple into funds.

Good luck!

p.s. Depending on market patterns into pivot dates, I might try to "trade" the advance.

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To: rkchris who wrote (7503)3/20/2012 2:09:32 AM
From: rkchris of 10594
 
Interesting to see that the ES intraday 1408.00 high print was coincident with 1407.77, the square root target price forecast & the highest of the four longer term forecasts.....

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From: humble13/20/2012 3:38:31 AM
of 10594
 
Who wants to fight the FED?:



And look at "V"! The New Boom really gets going when this turns north:


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To: rkchris who wrote (7711)3/20/2012 8:30:25 AM
From: sandeep of 10594
 
Your numbers usage been amazing!

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From: humble13/20/2012 1:26:42 PM
of 10594
 
This afternoon will be especially interesting. If we close plus for the day, that late sell-off yestitty and the first-hour-gap-down low could be all the "correction" the bears get if this is indeed a noose-tightening parabolic superspike:


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