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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.

Friday, March 9, 2012

how high can $spx go and for how long?

i am covering the progress.
LT Gartley pattern ideal price at 1381.5 could be a consideration, but that might not be it, as the MT, LT structures could be the ultimate guideline.
with structure, the sooner $spx makes above 1378, the less damage will be for bears.

Mar 6's $spx 1343 low was a time cycle and price structural low, i made a timly special market alert and followed up with a detailed special report to members.
yesterday i were willing to guarantee the special report will work att least toward the target price.

the "mini crash" from 1378 toward 1340 was a expected result of a covered 4th order pattern named triangle combination with double diamond formation, which occurred at least 3 time in the past in various order.