Uptrend's Account Talk

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Uptrend, I'm glad to hear your brother didn't give up on life, despite the odds against him. Good to have you back, thanks for sharing your story.
 
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.
 
Uptrend said:
paramedics estimate my brother was dead for 7-9 minutes.

put him in cryostatic sleep

unresponsive for two days.

brain trauma was the worst, due to lack of oxygen.

He is expected to make nearly a full recovery for all practical purposes. He short term memory is improving daily.

It is a miracle pure and simple. Praise God.

I will report on the markets by this weekend. Just wanted you to know.
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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.
 
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.
 
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.
 
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.
 
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.
 
Uptrend said:
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.
Click to expand...

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.
 
Level Alert
3 day evening star doji or 2 day bearish engulfing candles on the SPX. USD taking off again. IMO not a good time to buy.

SPX level to watch: 1150

Considerable resistance area: 1115
 
Moving to F today. Bonds have been on a snail pace uptrend, but now should strengthen in the short term. All charts are pointing up for price
 
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.
 
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)
 
I am thinking this is the top today. Market has tagged SPX 1169 resistance point. IMO, if you are in, a good day to sell. Now if 1077 is taken out that is another story as the bull insanity would continue.
 
I wouldn't count this market out just yet. The NASDAQ has put in a higher high, we just need some follow through from the TRAN. Those not invested continue to wish for the dip. We have had dips, they have just been short and shallow.
 
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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