chemmie's account talk

[chemmie]

950 is 180 degrees from June 5th, 90 degrees from March 6 (low) and 540 degrees from the low (667) and June 5th is 90 degrees from March 6....this could be trouble for the market from a squaring of time and price Gann perspective.

 

[chemmie]

correction 950 is 900 degrees up from 667 low.

 

[Birchtree]

Let's cheer for ATCJeff and hope for some panic buying this afternoon. This feels so much like yesterday only with better news that could act like catalyst to ignite a nice bull move. SPX is now up 39.6% from the lows - plenty of time to catch the next 40%.

 

[Pschiffdicpal]

Let's cheer for ATCJeff and hope for some panic buying this afternoon. This feels so much like yesterday only with better news that could act like catalyst to ignite a nice bull move. SPX is now up 39.6% from the lows - plenty of time to catch the next 40%.

The big hand only plays on bad news days. Today will see if dumb money is willing to lose, a light up volume means no heavy (the funds on the side lines)took the fake unemployment # bait:suspicious:

 

[chemmie]

Here is my outlook: Based on the weekly charts, we have a head & shoulders set up in C, S, I that projects down to 810ish on the S&P. That could complete the inverse head & shoulders larger pattern on the same indeces. That would set us up for a shot up to 1150ish on the S&P. If we hold down there, I would back the truck up and buy the market with abandon.

 

[Steadygain]

Here is my outlook: Based on the weekly charts, we have a head & shoulders set up in C, S, I that projects down to 810ish on the S&P. That could complete the inverse head & shoulders larger pattern on the same indeces. That would set us up for a shot up to 1150ish on the S&P. If we hold down there, I would back the truck up and buy the market with abandon.

Very well thought out Analysis - and from the sounds of things is likely incredibly accurate.

With 1150 as the projected endpoint - why not buy now and soak in the benefits of being invested - just in case we don't hit 810 ?

 

[chemmie]

the benefits of losing a hundred+ S&P points are what exactly? If you're angling for dividends, that doesn't pay until september. If you wanted to stay invested say in stocks you like, etc. then you could set up a hedge to protect against those losses. that would make sense too because say we didnt go all the way down to 810, still okay and if we blew through 810 you would be cool and could adjust at that point accordingly.

 

[Steadygain]

Thanks man

I apprecate the response and it sounds like good advise.

Hope I can get out before we hit that low :embarrest:

 

[Birchtree]

I won't be getting out until SPX 1700. How long will that take?

 

[chemmie]

5 years give or take

 

[chemmie]

Moving into the stock funds today..buy signals on C, S, I and F trend following and timing models.