Thanks Gary...Monday the market is closed just an FYI...I'm reading many more postings that the market will continue down from here. 1/15 was in important fibonacci date as you know for EW. Looking forward to your updates.
Looking forward to your updates Gary! I agree that if we see weakness on Tues morning, it would probably be a good buy. I'm thinking that we'll top around 1/28, +/- a day. My target is still less than 1170, maybe 1160.
The objective of this site is to provide technical analysis on the S&P 500 Index (SPX) using a mixture of tools including but not limited to Elliot Wave (EW), Gann Theory, Techincal Indicator (RSI, MACD, Stochastics, etc), trend lines, and Andrews Fork. I will use all of these tools together to come up with a short, medium and long term direction of the S&P 500 Index. You will see EW counts, but I just use for direction. Don't rely on EW 100% because it is very subjective. This blog will consist mainly of charts and a brief explanation of each chart. I will also provide advice on trades, but this is only advice. Enter and exit trades at your own risk.
I have been learning techincal analysis over the last 12 years and feel like everyday I learn something new. I owe allot of credit to Blacktruck and friends on the yahoo SPY message board, which have taught me allot about EW and techincal analysis over the years. I am currently trading SPY options on a medium range base (2 to 6 weeks).
Gary you are simply awesome....keep up the great work and thanks for keeping your fans updated.
ReplyDeleteI will try to update this weekend. Looks like friday and monday lows would be good buys...
ReplyDeleteThanks Gary...Monday the market is closed just an FYI...I'm reading many more postings that the market will continue down from here. 1/15 was in important fibonacci date as you know for EW. Looking forward to your updates.
ReplyDeleteLooking forward to your updates Gary! I agree that if we see weakness on Tues morning, it would probably be a good buy. I'm thinking that we'll top around 1/28, +/- a day. My target is still less than 1170, maybe 1160.
ReplyDeleteMouth - i don't think we are done yet... However we need to watch this level close.. Specially that major trendline.
ReplyDeleteIndigo - I pretty much agree on my new post.. GL
Loser, long time no talk... hey, can you email me I have a question for you... bottlebusters@yahoo.com
ReplyDelete