Perfect Wave - 2012-1/2

ScalperJoe - Good point! Yes, the 1340 is the wave-4 (the lower degree wave) where a corrective wave would stop. Thanks for summerizing those two scenarios. Today the market gaps up, we will need to see if the gap can hold or not. If the gap holds and market goes higher, then probably the wave-[V] is underway. If the market fails to move up, we need to be careful that it could be forming a wave-2 (corrective wave) in the scenario #2.
(More posts and charts on my blog.)

05/12/2012

Comments are welcome!

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Here is my portfolio as of today's close:

Long Term - Big troop dolloar amount allocation: TLT 50% cash 50% (no change)
Medium Term - Small troop stock holding: EDZ, FAZ, TZA (no change)

The market closed near day low again today. This is a very bearish price action where the market sucked and trapped more bulls in the moring before the decisive moving down in the afternoon. If the current preferred wave count is correct, we are in 3._3._3 wave underway. If the wave fractal reproduces itself of the wave-1, we will be seeing a big gap down and with a killing collapse very soon. Remember that this bear run is far from over! DO NOT buy any dips! All posts will be synch-ed to my blog.

Let me tell you my friends, the most dangerous bear market formation is a long winding slow motion one! The money flows outward from equity (slowly) into some other markets (e.g., bonds). Every time the stock market falls to a support (temporarily), it attracts some little bulls to buy, and the market gets rebound, but the market falls below the support area few days after and traps more people. In conclusion, DO NOT buy into any dip! Any surge is your opportunity to unload your stock and go short. The bear market has just started and is far from over.
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05/20/2012

Comments are welcome!

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From my blog:

The market moved as expected today. Our audience got plenty of time to unload and go short in the morning. The market panicked down in the afternoon and set new day low. If the current preferred wave count is correct, wave 3._4 has ended today, which means that the rest of the week could have bloody slaughtering collapse. Again, this bear run is far from over! DO NOT buy into any dip!

(For more of my analyses and articles, please visit my blog. Thanks.)

The up thrust in futures market overnight penetrated Tuesday's high, and hence my short term short position on index futures got kicked out with big win. The high in regular hours did not even touch Tuesday high. I did not enter a new short position on futures because of the coming long weekend. I'll continue shorting this market next week.

The market has moved in a way that is identical to our prediction since 2 weeks ago (see the purple line wave count). With that said, there is no reason for us to change our preferred scenario at this moment. The downward wave has newly started today. Next week could be a killing bloody week for a wave-5. (This scenario will be voided if a long solid red surge occurs.) The bear run is far from over! DO NOT buy any dip!

05/27/2012

Comments are welcome!

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(More on my blog.) The market took over last Friday's reversal bar which indicated a strongly bearish view was no longer valid. The market is moving higher to find the lower high (of previous high on 05/01/2012) this week. Since we have had a lower low (05/21/2012), we are waiting for the lower high to short the market again. Be patient! The bear run is far from over! DO NOT buy any dip!

(More on my blog)
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(More on my blog)
The market set the new low of this week today, closed as a long legged doji (long pin) after volatile washes on both sides. As we know that last week's low was a very critical point in TA perspective (50% and long term up trend channel), it was hard to get it penetrated in the first try. Today's low tested that area as the third try (2nd try - 05/23/2012). There is a Chinese saying that goes like this: Nothing Should Occur More Than Three Times. Therefore, next time if the market wants to test that area, it will break! TLT gapped up again and surged with heavy volume. Out target for TLT is 131 before August or 146 before October. We will start unloading depending on what the momentum says. Again, the stock market's bear run is far from over! DO NOT buy any dip!

(More on my blog)
We have expected this, and it did happen today - the market gapped down with a big hole and closed at day low as a solid black candlestick - very bearish! No more need to be said, and I knew that you would be glad to be in our loop. Even though we miss out the big moves of those bear ETFs this run (we made a big profit last run), we are still happy that our TLT performs very well! It gapped up again and surged with heavy volume. Since the momentum of this TLT upward move has been so strong, our target should focus on reaching 146 by October. Again, the stock market's bear run is far from over! DO NOT buy any dip!

If you haven't read my old posts yet, here is one that might interests you:
(20091031 What Happened in 1987)
Perfect Wave: 20091031 What Happened in 1987

06/03/2012

Comments are welcome!
(More on my blog)

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06/06/2012

SP update -

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06/10/2012

Comments are welcome!

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Wave Count

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Hello snowrider, congratulations.

5 points for you and your thread:

- Simple
- Educational
- Informative

Very good work.

ineed300pips - Thanks for your kind words. I would like to PM you, but it seemed that your PM was not enabled. ...