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Thursday, February 23, 2012

$SPX: Forecast from today,OK and forecast for tomorrow.

Yesterday we posted (see below) our EOD daily forecast for today and for the last push before the "big fall". Above is our chart updated till today EOD and below we have an intraday 5 minute chart where ( as a good friend of this blog, @chiclayo made us aware of) maybe, a little and intraday 2nd spike and neckline kiss could be the last bull attempt to take prices higher.

Wednesday, February 22, 2012

$SPX: EW count with "clue" and neck lines resistances.

If you have read the blog,before, you may know that we are permabears, sticking to our theory that markets are now in a Cycle wave 2 and more specifically , we are in intermediate wave 2 of Primary wave C of Cycle wave 2,down. Also you must know that we have a long,bear, target of 600 for Cycle wave 2 (from oct,2011) and that the good news is that, when Cycle wave 2 will be in place, maybe in- between oct/dec 2012, then the crisis will end and the world will enter in a Cycle 3,up, for years.Cheers!

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