CURRENT CHARTS


Click HERE to view current charts

Monday, October 31, 2011

Monday, 10/31/11 update


SELL SIGNAL, CLOSED ES LONGS, INTO CASH

Thursday, October 27, 2011

Thursday, 10/27/11 update

Still long ES from yesterday afternoon, turning into a pretty nice trade.

The diagonal ending "C" wave mentioned Tuesday is certainly off the table (not just off, but blown off!!). More likely scenario below.

Longer term view.

Wednesday, October 26, 2011

Wednesday, 10/26/11 update

BUY SIGNAL, GOING LONG ES

Tuesday, October 25, 2011

Tuesday, 10/25/11 2nd update

The rally up off the Oct 4 lows is possibly close to a conclusion with a possible ending diagonal for wave C of a zig-zag type structure. If so, the 4th wave of that diagonal is probably close to done with a final 5th wave to follow. After that, look out below.

Tuesday, 10/25/11 update

SELL SIGNAL, SOLD LONG ES, NOT GOING SHORT FOR NOW

Thursday, October 20, 2011

Thursday, 10/20/11 2nd update


BUY SIGNAL GOING LONG ES

Thursday, 10/20/11 update

This is whipsaw hell right now so not acting on any trade signals and staying in cash for the time being. Looks more and more like the triangle possibility is in play in the SPX/ES.

Wednesday, October 19, 2011

Wednesday, 10/19/11 2nd update

Sell signal on SPX/Vindicator

Two possibilities here on ES, either a flat Intermediate Wave B with a target in the 1150 area:


or a triangle:

Longer term perspective

Wednesday, 10/19/11 update

Stopped out of long ES from yesterday @ breakeven

Tuesday, October 18, 2011

Monday, October 17, 2011

Friday, October 14, 2011

Friday, 10/14/11 update

Buy signal on SPX/Vindicator as expected, covered short ES positions but am holding off on going long for now. Looks like a 5 wave pattern up from the Oct 4 low at 1068 is finishing up, also with a 13 - 14% rally in 9 trading days a more significant correction than that of Wed - Thur would seem to be in order. Finally, the 50% retrace of the early May thru Oct 4 sell off is in the 1220 area, and we're pretty much there.

Thursday, October 13, 2011

Thursday, 10/13/11 2nd update

Sell signal from this morning is looking iffy at this point, could be a whipsaw. The Vindicator Buy/Sell is close to crossing back over to a buy as can be seen in the chart. Got to go with it if it happens.

Thursday, 10/13/11 update

SELL SIGNAL GOING SHORT ES.

Friday, October 7, 2011

Friday, 10/7/11 2nd update

SELL SIGNAL ON THE CLOSE CLOSING LONG ES GOING SHORT

Friday, 10/7/1 update

Divergence on the Vindicator buy line against this morning's highs. Also, pretty strong run up over the last few days and coming into the weekend, so we could see a profit taking correction at the very least.

Wednesday, October 5, 2011

Tuesday, October 4, 2011

Tuesday, 10/4/11 update

Pretty strong rally in equities in the last hour today. Five waves down can be counted since the mid-summer highs, with the 5th wave being an ending diagonal that started at the interim high of Aug 31. If this is accurate then we should see a significant correction to the bear trend of the last three months.

Saturday, October 1, 2011

Saturday, 10/1/11 update

Still have a sell signal in effect on ES/SPX.