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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Friday, 14 September 2012

Spx 2 six month cycles

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5 comments:

  1. Trading Sunset14 September 2012 at 22:16

    Kinda tempting to like that sort of chart....

    but the Bernanke is spending, and that free money is going someplace..and it'd have to be the equity market.

    Nasty market could just keep on going.

    Upper trend on the monthly charts..sp'1600 by year end.

    Even if we top end Sept. a pullback to what...1350 ? Even that doesn't wreck the general up trend.

    ReplyDelete
  2. Chartrambler14 September 2012 at 22:20

    I'm a cycles guy and while I respect your logic I'm thinking that Bernanke doesn't control everything that affects the equity markets.I suspect Europe will provide the catalyst for the selloff but it could be a myriad of things.It doesnt have to be a crash btw :-)

    ReplyDelete
  3. Chartrambler14 September 2012 at 22:21

    BTW we got a shooting star on the Dax at Gann 50% from the low (7443) so maybe we get some weakness next week.It was a 7 day exhaustion pattern too.

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  4. Zim14 September 2012 at 23:16

    Hey CR--this was obviously a different approach than you identifed above, but it could align quite nicely.
    http://rationalinsolvency.com/2012/08/spx081612lc.png

    Enjoying your charts as always!

    ReplyDelete
  5. Chartrambler14 September 2012 at 23:27

    Thanks Zim. Nice chart. Jeff Greenblatt has October as very important .From Gann perspective Oct 4 is 1 year from the low too

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