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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, December 8, 2010

partial samples of early morning market updates to members - Dec 8

-1). Dec 7 late night update 10:55 pm ET: for $rut, (chart)that is the only "technical" we need to know on the ...! (the rest is noise).

0). 9:17 am ET: pre-market ...
1). 10:10 am ET: as updated yesterday pre-market, the expanding measured upside already reached at 1235, it's history & closed.
the trend has changed to down, spx is going down, just floating here back testing the expanding lower line a bit and relieve oversold TICK before strong down.

2). 10:27 am ET: as shown on the chart, both the time cycle(T cycle) and price target (upper line of the pitch fork) has reached yesterday at 1235; matching yesterday's pre-market and market open chart analysis.
here the initial target is the mid line of the green pitch fork. after that will be the lower line of the pitch fork as second target.
imho, i am confident, the Top is behind us.

3). 11:45 am ET:
GOLD or GLD technicals:
the 3 techniques i use on the chart, imho, are not used or familar by other public or private services. the printout of the textbook is inserted into the chart. it's very interesting GOLD or GLD is "exact" carbon copy of the textbook case, while nobody use this technique, including the textbook author......

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