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Saturday, February 7, 2009
ChartsEdge cycle-based forecast charts for S&P 500 and gold, week of February 9
These are the weekly cycle-based forecast charts from ChartsEdge for the S&P 500, Nasdaq (NDX) and gold. Looks like the inter-market divergence with NDX being more "bullish" than SPX is likely to continue ... And for gold, looks like that previously-forecast move to 1,000 may not pan out (so to speak) ... For more information on these charts, or to subscribe for their longer-range forecasts, check the ChartsEdge site (listed in "other sites of interest" at the right side of the page). =============
Our philosophy is to approach financial markets with unbiased charting for unbiased trading. Our attitude is "No Bull - No Bear - No Bias" (tm). You'll find market and charts commentary here. News feeds by topic are below ... browse our posts by label, and check other sites of interest (listed below).
KI$$ (tm)* S&P 500 index-tracking position: Cash or caution;should remain above 1274/1296 to support bullish theory. Needs to continue making higher lows on daily charts as well. Caution until past 1360, and also into autumn.. ALERT: bearish setup seems to be confirming - sell rallies (go to cash) or hedge, unless SPX makes 1360 support. Lower lows may be in the weeks ahead.
Oil (USO, etc.) - Await confirmation that low is in.
Natural gas (UNG, etc.) Possible cycle low completed, but KI$$ traders should most likely avoid this given vulnerability to being a longer term bear market.
Gold & Silver: Possible low carved 6/4-8/12; cautiously long assuming that's important support. If this low doesn't hold, then 1392 remains possible. If for some reason 1392 didn't hold then it could fall toward 1100-1200 so respect the levels. If this low holds then may well start heading toward new highs.
US Treasury Bonds: holding up surprisingly well and may continue as reserve/quality if stock markets break down.
*KI$$ is Ariel's trademarked and proprietary portfolio position indicator, primarily for stock-market tracking accounts. This will be updated to the greatest extent reasonably possible. Also be sure to follow posts about specific asset classes, updated from time to time. However, guarantees cannot be provided; see site's disclaimers and take responsibility for your own investments.
A special welcome to all my trading buddies from the previous UnbiasedTrading.blogspot! (and particularly those going all the way back to TTC days!)
I post here my charts - preferably with lines marked, eh?! - and comments on how I'm seeing the markets going. Certain other analysts are featured here on a regular basis, as they have given permission for their commentaries to be posted here - always with reference to their own sites of course (they're among the "Other Sites of Interest" listed below). From time to time I also post quotes, reviews or references of published work by additional technical or financial analysts - always with citations to their work.
And I provide my own chart analysis and commentaries, whether as standalone posts or as introduction to the featured work of others. All with the purpose of helping others gain more insight into ways to navigate financial markets happily, and we hope successfully.
Money management is critical to the success of any trader or investor, but it's important to have good analysis, whether swing trading, intraday trading or investing. Browse this site (home) and see how the unbiased trading approach of ChartLines can help you too!
Here are other sites of interest for good analysis, reference and input. The order of the sites listed isn't necessarily to indicate priority, of course:
1. Watershed research on market forecasting from Chartsedge (including very neat "maps" for intraday), by Mike Korell: Weekly cycle charts at Chartsedge, and daily (intraday) charts posted periodically at Chartsedge Daily Market Maps. (For access to daily maps when posted overnight, you'll need the reasonably-priced ChartsEdge subscription.)
3. Objective Elliott Wave as presented by Anthony Caldaro at his the Elliott Wave Lives On site (his public charts are available from the charts links he provides there).
4. Cycles work by Jim Curry at CycleWave - Market Turns. There's also another cycles analyst I refer to often, Tim Wood at his Cycles News & Views service. Each of these experts has a very good track record and a remarkable amount of work, explanation and attention to detail. In addition, Tim also comments on Kondratieff waves and Dow Theory, and addressses equities markets, bonds, gold, currencies, commodities and more.
5. John Hampson's modeling at http://amalgamator.co.uk, based on geomagnetics, the Bradley siderograph and full moon/new moon cycles, also looking at gold, VIX and other indicators for perspective.
6. Financial astrology and sociological-economic commentary by Raymond Merriman at mmacycles.com, including free weekly comments at Merriman Market Analyst Weekly Comments.
7. Bill Luby's VIX and More blogspot. Also VIX, put/call (options) and sentiment commentary by Todd Salamone and others, including Bernie Schaeffer himself of course, at Schaeffer's Research site. Sentiment surveys by the ISE (the ISEE charts and data, accessible for equities/indices/ETFs), SentimenTrader, and the TickerSense sentiment poll at TickerSense.
13. Charting you can do at Stockcharts (and if you're doing intra-day trading you should consider their subscription package that includes intraday real-time data) ... don't overlook their very good free "Chart School" including how to use indicators, at Stockcharts Chart School.
14. My other blogspot "Tao of Trading" with commentaries about psychology and similar aspects of trading, at Tao of Trading. Birthcharts under the Five Elements system are available - if interested in having a birthchart detailed specifically for your birthdate (specific date and time including time zone information are needed), email chartlines@yahoo.com and indicate payment arrangements. Payment of $60 per birthchart can be arranged via PayPal. The $60 birthchart includes a full electronic document detailed to your specific birth date and time. You can order for yourself, and/or for others (makes a thoughtful gift when a child is born, for another's birthday gift, wedding or for any other occasion). For an extra $20, a quick "love match" or "relationship match" page can be added. For this, all that's needed are the birth dates of both people (exact times not required).
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