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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.

Tuesday, April 5, 2011

GDII code blue members market close report

Apr 8: i am not worrying about more noises or sideway trading range or even slightly gap up higher to new high as long as the code blue guidance (details presented) stays intact, as i see here could potentially be the decades or generation top. details of code blue pattern presented to members.
it's amazing, amusement, astonishing to see wallstreet analysts, fund managers, cnbc talking heads, guests getting more and more bullish each every day. hey, i was very bullish during the Japan earthquake bottom while above mentioned people were bearish there. here again, i am in opposite position as to "them". which catergory do you belong to?
Apr 15, 16, 17:
1). Apr 15: last day of tax return filing.
2). Apr 15: real U.S. goverment shut-down deadline (per cnbc).
3). Apr 16 Saturday : anniversary of Apr 16, 1930 GDI code blue top.
4). Apr 17 Sunday: full moon.
5). Apr 27: FOMC.

(all charts not posted publicly) (anybody or institution is welcome to join the private membership for full analysis that much more than this report). let me carry you through the coming severe bear market. cheers!

$indu, $spx, $rut all forming the "GDII code blue" pattern. (as the charts shown).

it might or might not still churning in a tight range for a few days, just noises to the GDII code blue pattern. can be either down then up, or up then down on a daily basis. i am calling here as the GDII code blue top, no matter if we have noises or not in the coming days.

except $rut, all major indexes were churning all day, finished with slightly red.
$rut made a new historical high by 2 points today then pulled back a bit. this is an expanded flat wave B from a big picture view, coming wave C down will be much lower than wave A low on Mar 9, 2009 low. that's the characteristic of "expanded flat".
during year 1930 Apr 16 top, it also was wave B top, wave C plunged 86% in 2.3 years time frame. and that wave B was the top for the next 25 years.

medium term, $indu , $spx were around the brown Fibo fan resistances. $rut was around the green pitch fork resistance.

today the fear factor pulled from the extremely fear zone into the complacency zone while market price ended with no progress, an achievement for bears for the short term indicator. people are getting more complacent at least for the shor tterm reading.

the overall retrace of big picture of elliott wave from 2007 Jul~Oct top is not so called P2 (Primary 2).
with $rut made a new historical high today, and my insertion of "GDII code blue" pattern.

my big picture elliott wave count is:
wave A: from Jul~Oct, 2007 historical top down into Mar 9, 2009 bottom (or Nov 21, 2008 bottom).
wave B: Mar 2009 rally into today's (or recent) high.
coming wave C could plunging toward Mar 2009 bottom, or much below (the GDII case that rhythm with GDI).
unless market has a large scale break out in the next few days, i do not see this GDII code blue pattern can not be played out. i am not going to worry if market churning in a tight range for a few more days, but not necessary so because fear factor favors at least short term down market.