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Uptrend's Account Talk
- Thread starter Uptrend
- Start date
Viva_La_Migra
Well-known member
Uptrend, that is an amazing story! Miraculous to say the least. Obviously God has more for him to do here before he is called back home.
Steadygain
TSP Elite
Uptrend,
My dear wonderful friend - it is GREAT !! having you back.
Even after a person is dead -- and here let's say some old coot whose has been deteriorating over months and months -- the Brain lives on essentially in perfect running condition for at least another 8 minutes.
With your bother in 'good health' until this sudden event his Brain should still remain spared of any significant damage.
Please know -- I'd probably be the LAST one to down play God's wonderful Grace and Miracle -- but cryostatic sleepall the more hugely allowed his Brain to have MAXIMUM recovery.
The 'unresponsive' was nothing more than the Brain taking in all it could and using what time was available.
Long term memory is always first -- but still it's reflection shows he's doing great. Short Term is the more intrigate detailed stuggle of ongoing work and pushing all the key areas to thoroughly process whatever is happening and interact with one another.
I would say -- your bother is very fortunate to have such a wonderful GOD looking over him. Would also say he's very fortunate to have you as a brother.
and from the outpouring here --- I'd say you're fortunate to have us.
Thanks for sharing my friend --- and we're fortunate to have you.
Uptrend
Well-known member
Some thoughts:
View attachment 8686
If you look at the big picture for the last year one can mark 5 major waves on the SPX. Wave 5 is still unfolding. Waves 1, 3 amd 5 are up waves, and 2 and 4 down. The spreadsheet displays this weekly data (holidays are not omitted so this is a coarse screen). I thought for a long time that wave 3 was the top of a counter trend rally, but that was not to be the case. You will notice that wave 3 took almost twice as long to unfold as wave one but is almost twice as weak in rate/trading day change. A case can now be made for wave 5 to go to the SPX 1300 area. The chart shows this as a broad resistance zone. May 14 would be the top of wave 5 to be symmetrical in time. I have no idea what will happen, but just point out this data.
View attachment 8686
If you look at the big picture for the last year one can mark 5 major waves on the SPX. Wave 5 is still unfolding. Waves 1, 3 amd 5 are up waves, and 2 and 4 down. The spreadsheet displays this weekly data (holidays are not omitted so this is a coarse screen). I thought for a long time that wave 3 was the top of a counter trend rally, but that was not to be the case. You will notice that wave 3 took almost twice as long to unfold as wave one but is almost twice as weak in rate/trading day change. A case can now be made for wave 5 to go to the SPX 1300 area. The chart shows this as a broad resistance zone. May 14 would be the top of wave 5 to be symmetrical in time. I have no idea what will happen, but just point out this data.
Uptrend
Well-known member
Short-term SPX looks like a little weakness to the 1135-40 area, then up up and away to test 1168. Low may come tomorrow? If you reviewed my last post spreadsheet, the spring looks bullish to the second week in May. In fact, near SPX 1300 is in the forecast. I will do more checking on the estimate, but that is the way it looks now. The 123 countertrend rally turned into a 12345 bull advance over the last year. So much for retesting the lows. Not now. The scary thing is that fundamentals have not really improved. Looks to me like fear may drive the market higher.
Birchtree
Well-known member
You mean fear of missing out on the next leg up. We could still be in a strong wave 3 that is simply extending and should take us to an overbought situation and keep us there for several more months. We have a two year and a four year cycle on the horizon that will bring pressure to the downside - but not yet.
Uptrend
Well-known member
Market Turn Coming!
How do I know? TA look
UUP and /DX (the dollar) hit bottom on 50/200 and 50 ema on March 17. The dollar wants to move much higher. I assume the inverse relationship with the market still generally holds.
A class C (equal peaks on the MACD histogram) has appeared on the SPX daily timeframe and is now turning down, with a bearish cross on the stochastic.
Bonds followed by TNX is in a descending triangle, cannot get above 37.12, negative divergence formed on MACD and RSI in the daily timeframe. The bond prices loook like they want to rally in the short-term.
The EW from SPX 1150 to 1045 could be a connector X wave and from 1045 to 1169.84 on 3/17 wave 1 of a 12345 advance. Since wave one (if it has topped) equals 125 points, a 50 to 61.8% retrace would make a market dip in the SPX 1092-1107 range. Markets almost always give you second chances. It is a game of patience.
How do I know? TA look
UUP and /DX (the dollar) hit bottom on 50/200 and 50 ema on March 17. The dollar wants to move much higher. I assume the inverse relationship with the market still generally holds.
A class C (equal peaks on the MACD histogram) has appeared on the SPX daily timeframe and is now turning down, with a bearish cross on the stochastic.
Bonds followed by TNX is in a descending triangle, cannot get above 37.12, negative divergence formed on MACD and RSI in the daily timeframe. The bond prices loook like they want to rally in the short-term.
The EW from SPX 1150 to 1045 could be a connector X wave and from 1045 to 1169.84 on 3/17 wave 1 of a 12345 advance. Since wave one (if it has topped) equals 125 points, a 50 to 61.8% retrace would make a market dip in the SPX 1092-1107 range. Markets almost always give you second chances. It is a game of patience.
ztlmike
Member
Thanks for your input Uptreand I agree with your theory of a dip to around 1100. I think once it starts up again it could be a rapid climb.
Uptrend
Well-known member
The little market push higher this AM looks to be correlated with the US dollar. For example the UUP has made a 11 tick swing to 23.68 from 23.79, allowing the market to cruise higher. Longer term, the dollar is up, so the relationship should swing the other way and the market should follow.
Uptrend
Well-known member
Weather Report
Call buying is going on at high levels, so the put/call ratio is getting lower and lower
Bulls are tripping over themselves
The market has risen 500 points since March 09
Divergences are all over the charts
US dollar is in the rally mode, with 84/85 the next stop.
Go Bulls Go
(Resistance is at SPX 1069 and 1077 IMO a short term top is setting up. Advance has been about 124 points Fall to 1092 -1107 is possible)
Call buying is going on at high levels, so the put/call ratio is getting lower and lower
Bulls are tripping over themselves
The market has risen 500 points since March 09
Divergences are all over the charts
US dollar is in the rally mode, with 84/85 the next stop.
Go Bulls Go
(Resistance is at SPX 1069 and 1077 IMO a short term top is setting up. Advance has been about 124 points Fall to 1092 -1107 is possible)
turbo23dog
Member
You mean 1177, right?
Uptrend
Well-known member
My system is holding G. I know I am at the bottom of the tracker. That's ok. The last shall be first. In all seriousness, I did not trade when my brother was having his heart problems and TSP was far from my mind. But now I am back and looking for "opportunity". But the market appears to be carving out a top, and my breath indicators say distribution is at hand. Patience is the key to this game, so if you missed the big March runup like me, don't worry, be happy. There will be the knock of opportunity down the road. For now, I am as snug as a rug, happy as a clam, and looking for the end of the rainbow.
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