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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, July 19, 2011

potentially major markets are going to make new 2011 high into the cycle top date on

7/21 charts updated in the stockcharts public list.
"VOTE" me to top for the what's going on ST & MT.

7/20: $spx rejected at the gap resistance, chart updated on the stockcharts public list. only one "vote" for the entire morning! i need more votes to post the most critical charts.

7/19 after market - $spx micro term special member update
AAPL after hour surged more than 6% above $400 then slipped a bit under to $400 on strong earning release.
but futures only up slightly, SPY and DIA did not pass beyound the day high.
it prompts me to look at the micro term structure.

$spx, after broke out of the mid Fibo fan line,
rejected at the upper Fibo fan line after completed 5 micro waves, also the blue trend line resistance.
consider DJIA has its best day of 2011, and ST fear factor is in the extreme complacency zone, TICK is very overbought, the potential of some short term pull back is high.

The potential MT ... pattern toward new 2011 high still is my view, but the cycle is pointing to ..., and won't get to new high in just a few days.
"VOTE" for more !!!




need enough "VOTE" support to reveal the patterns, specific date and all details on this special report!
VOTE daily to support me to post the entire report, currently 149 votes support is far from satisfactory.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID4587061

once the vote number is satisfied, the complete report of both $spx and $rut will be released. vote daily, then the sooner you will see the complete report.
or contact me for membership without delay.

this is a necessary process to complete the structure for the coming code blue grand bear market.



PS1. from 7/18 yesterday's market close update:
"despite $spx broke down short term with volatility, i like the mid term ... pattern case for one more top before the LT broadening exapnding triangle wave-E plunge well below 900 (in the coming grand bear market)."
...

PS2. the big picture of GS posted is as good as it can get - with either the Lehman route, or LT target $20. today GS down 2% on a huge market up day on bad earning.