$SPX Fan Trendlines & Complex NASI Tops

Complex NASI Top Outcomes

Brazilian Sugar

CZZ is a buy on the DAILY & WEEKLY Chart.
Maria Fernanda Candido Esquerda leaning on a sugar tree...

Complex NASI Top Correlations with WEEKLY & DAILY TNA Charts

Review of the last 4 complex NASI Tops suggests that holding TNA at this time will result in more than 5-23% further upside. The initial price run up prior to the 1st NASI Top is associated with TNA Buy Signals on both the DAILY & WEEKLY Charts. Ultimately the DAILY TNA chart flashes a sell, but the WEEKLY TNA Chart still has a Green AO, Rising TSI & Rising RSQR. During this period the DAILY TNA RSQR falls (loss of TNA trend during a consolidation period). Ultimately a new DAILY TNA Chart RSQR Saucer is formed as the 2nd NASI Top is being formed (i.e. at the onset of the 3rd NASI Leg). A new Complex NASI top MAY be forming now. If that is the case...a new TNA DAILY Chart Saucer may form on Monday to begin the 3rd leg up, and further gains for TNA. Despite Saucer formation on the DAILY Chart, TNA Buy criteria is not met because of a falling TSI & Red KH. Completion of a Complex NASI top is followed by TZA time...
(Note: During the two instances where the NASI formed a Single Top (1/15/10 & 8/6/10), the TNA WEEKLY Chart did not meet Buy Criteria and the TNA DAILY Chart flashed a Sell.)
The lowest chart is a comparison of the Complex NASI Tops by Daily VIX & TNA Elder Impulse Patterns, Weekly TNA Candlesticks & Heikin-Ashi, and Daily TNA Heikin-Ashi. The current pattern is similar to the 8/09 & 4/10 patterns. TNA is approaching the Middle Bottom...then we get the final run-up...

Calling all Bulls!

These charts still meet intermediate term bullish criteria:
COT DAILY
COT WEEKLY
TBT WEEKLY
VRS WEEKLY
SOA WEEKLY
BONT WEEKLY
SOXL WEEKLY
TYH WEEKLY
CPX WEEKLY
IVAN WEEKLY
ROSE WEEKLY
BEXP WEEKLY
ATPG WEEKLY
SGY WEEKLY
MEOH WEEKLY
HUN WEEKLY
PAL WEEKLY
IVN WEEKLY
NEMFF WEEKLY
HL WEEKLY
UEC WEEKLY
URZ WEEKLY
ABNAF WEEKLY
ANO WEEKLY
PLTM WEEKLY
DOW WEEKLY
FOE WEEKLY
VLNC WEEKLY
AAPL WEEKLY
CBL WEEKLY
DRN WEEKLY
$VIX 23 WEEKLY (USES TNA PRICE)
TNA 23 WEEKLY
TCK WEEKLY T50
AGQ WEEKLY
MINIC 29M TRAFFIC CONTROL CAR

URANIUM

1. U.S. & Russia are currently getting their uranium from old nuclear warheads, since it isn't profitable to mine uranium at $40.
2. China is building nuclear powerplants left & right...
3. WEEKLY URZ CHART is a Buy

DRR is a ST Buy

DRR= Double Short EURO
PERIOD 1: 10/25/10 DRR DAILY RSQR: 0.0160563
PERIOD 2: 10/26/10 DRR DAILY RSQR: 0.000158
PERIOD 3: 10/27/10 DRR DAILY RSQR: 0.0761282
PERIOD 3/ PERIOD 2 RSQR >2.34: 481.82
3 PERIOD TSI RISING
AO GREEN
ABS CCI WENT >100 IN PERIOD 1,2 OR 3: PERIOD 3
WHITE KH

The WEEKLY URR (Long Euro) still has a Buy/Hold Signal (i.e. suggests IT resumption of the dollars decline)

TNA HEIKEN ASHI CHART

WEEKLY TNA Chart still in an Uptrend.

F31 Comes Out of Water Tomorrow

Time for Landyachting!

TNA vs AGQ

Took silver profits today.






















































TNA: Bullish Daily Kagi, 3LB & Renko; Bullish Elder Impulse colors (green & blue)

AGQ: Bearish Daily Kagi, 3LB & Renko; Bearish Elder Impulse colors (red & blue)

The Sun is Shining: Up & Away

These charts meet Buy & Hold Criteria:
VRS WEEKLY
SOA WEEKLY
BONT WEEKLY
TYH WEEKLY
CPX WEEKLY
IVAN WEEKLY
ROSE WEEKLY
BEXP WEEKLY
ATPG WEEKLY
SGY WEEKLY
MEOH WEEKLY
HUN WEEKLY
PAL WEEKLY
IVN WEEKLY
HL WEEKLY
RDN WEEKLY
GNW DAILY
PMI WEEKLY
MTG WEEKLY
PLTM WEEKLY
DOW WEEKLY
FOE WEEKLY
VLNC WEEKLY
AAPL WEEKLY
CBL DAILY
CBL WEEKLY
DRN WEEKLY
$VIX 23 WEEKLY (USES TNA PRICE)
TNA 23 WEEKLY
TCK WEEKLY T50
AGQ WEEKLY
URR WEEKLY

Silver may be Done For Now

No RSQR saucer yet for ZSL...we'll see tomorrow. Trendline and gap target for Silver would be nineteen dollars. Silver BV65 Barclay Racer from 1930's.

DZZ WATCH

May soon be time for a quick gold short. Need to see Monday's RSQR & CCI. Target is ~16% away (red dashed line). Overall gold trend is up, so would need to be as quick & nimble as an American Goldfinch in its breeding plumage...

Market Needs Colace

HAPPY NEW YEAR...THANKSGIVING....NOV 18TH 1975

Happy New Year! It's January 1976 (see top=1st MONTHLY chart: solid pink line). The S&P dropped in 1973 (orange line) in conjunction with a negative CCI, dropping red AO, falling TSI and rising (trending) RSQR. This was followed by a rise in the S&P followed by consolidation (low absolute CCI values, small green AO teeth, a flattening of the TSI line near zero and a falling RSQR. We are now at the pink line. The current MONTHLY S&P chart looks VERY similar (2nd chart). What happened next? The market rose to the blue line over the next 12 months by 5.94% (that would put the S&P at 1253). It then fell by 18% to the dotted pink line. Typical Bear Market.
Next...honed in on the WEEKLY charts...the S&P is really at November 24, 1975 (thinner pink line on 3rd chart). The Moving average lines are tangled in consolidation, the CCI is at 145, its the last small toothed green AO, the RSQR is at 0.76...HAPPY THANKSGIVING. The current WEEKLY S&P chart (4th chart) looks very similar. Price extrapolation suggests that the S&P dropped by 4.84% to the equivalent of 1126 before its rise to 1253.
Next...honed in on the DAILY charts...the S&P is really at November 18, 1975 (thick dashed pink line on 5th chart). The TSI & AO crossed up through zero about 6 weeks earlier (thick olive line) and then the S&P ran up. The CCI landed up around 95 associated with a blue DEMA line above the other two MA lines, the daily AO turned red and the overall TSI was dropping . The market went sideways before the small drop and bigger rise...

What would make the US Dollar a Buy?

For UUP: already have a green AO, white KH & rising TSI. Would need a RSQR saucer associated with a CCI rise over 100. A rising dollar does not always mean a falling S&P (see rectangle in lower chart).
"Greenback" Gouldian Finch.

Status Quo

TNA still in consolidative range on daily chart: Absolute (CCI) less than 100. $NASI went back to positive today. Intermediate trend (i.e. Weekly TNA chart) still bullish. The Weekly TNA chart "feels" like 3/22/10 (consolidation 15): CCI~150, green positive AO, white KH, rising TSI less than 15, rising RSQR between 0.33 & 0.5, and DEMA greater than MA greater than EMA. Remain 90% in cash.
BV50 Barclay Racer from the 1930s (just like our stock market).

Trailing Stops Activated

Had forced profit taking via 5% trailing stop activation for TNA & DRN. No harm since the Daily TNA chart suggests, at least a temporary loss of the uptrend. The AO, TSI & RSQR have turned down. The TNA CCI closed at 58 which suggests at least a consolidation period. Although the $NASI went red today, a red brick (line) was not laid down on the daily TNA 3LB, Renko or Kagi charts. The daily $VIX chart did flash a Sell TNA signal with a turndown of the RSQR and a rise in the TSI. There is no new uptrend for TZA (or UUP) and the Weekly TNA chart remains bullish. So do the Weekly DRN, AGQ & AAPL charts. The Weekly $VIX chart also continues to signal an intermediate market uptrend. Plan to stay mainly in cash until the uptrend resumption is confirmed on the daily charts.

Apples & Bananas

AAPL went bullish on the 9/20/10 WEEKLY Chart. Although a RSQR saucer was formed on the 10/8 Daily Chart, it did not meet a Buy Signal because the KH was still red and the TSI had not risen for three periods. AAPL stock was not purchased because of its weakness:
1. TNA, AGQ & DRN had historically beat AAPL hands down: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHJOT5XtIlACfEfFNvKdeVWjcv7Ri1jyGiREDeO5OISLh4bNBNVEYRAMH70nWk1A1SFN9zZtziSmDZL5_8FoET8fJ2tY_Zc6ef44TkaCQpnNZgookVcQxtO_8ZbgXHd3C2HrFw30aw23k/s1600/STOCK+GAINS+WHAT'S+UP.png
2. Had alot of Macs, but had to go with the Panasonic Toughbook after numerous MACs herniated their electrical intestines after daily abuse.
3. AAPL has been too popular with the public (and thus too reminiscent of the high fliers of the 2000 Tech Crash: e.g. PMC Sierra...now trading at 7.15...down from a high of 246.25)

The Weekly AAPL chart was still bullish at EOD. Will see tomorrow. All else remains the same for now.

Louise Yamada Interviews

http://www.bloomberg.com/video/63500376/

http://www.netcastdaily.com/broadcast/fsn2010-1023-3.asx

http://www.netcastdaily.com/broadcast/fsn2010-0724-3.asx

http://www.cnbc.com/id/15840232?video=1568429829&play=1

Weekly $VIX goes Bullish

RSQR saucer today. The following are also Bullish:
TBT DAILY
SOA WEEKLY
CNH DAILY
TYH WEEKLY
IVAN WEEKLY
UCO WEEKLY
ROSE WEEKLY
BEXP WEEKLY
ATPG WEEKLY
SGY WEEKLY
MEOH DAILY
MEOH WEEKLY
HUN WEEKLY
PAL WEEKLY
FCGL DAILY
RDN WEEKLY
PMI WEEKLY
MTG WEEKLY
PLTM WEEKLY
URE DAILY
DRN DAILY
DRN WEEKLY
$VIX 23 WEEKLY (USES TNA PRICE)
$VIX 23 DAILY (USES TNA PRICE)
TNA 23 WEEKLY
TNA 22 done
TCK WEEKLY
AGQ WEEKLY
URR WEEKLY
DORM WEEKLY
1952-Passaic, New Jersey. George Stock was working in his yard on July 28, 1952 when this dome-shaped saucer appeared. Because it hovered over transmission lines before heading for him, he was able to get five photos. Only one is included here, but all are similar. A great early photo!...wonder if it was a Buy Signal...

Weekly $VIX Watch

Monitoring Weekly $VIX 23 for an EOW RSQR Saucer formation. Other parameters (CCI, AO & KH) are appropriately aligned. Weekly $VIX RSQR Saucer formation is important because: 1. It would confirm the $VIX Daily 23 & TNA 23 Market Bullish Signals, and 2. The Weekly $VIX 15 gave the earliest signal for exit on 4/26/10. See chart for entry & exit signals

Weekly PMI & Weekly MTG are Bullish

Weekly PMI & Weekly MTG each formed an RSQR saucer along with bullish parameters on 9/20/10 & 9/13/10 respectively. Mortgage Insurers...Ives Horse Drawn Pumper with Firehouse

Good Day for Palladium

RSQR saucer on the weekly PAL chart 9/13/10. Up nicely today...Pale-billed_woodpecker

TBT Goes Bullish

TBT = Proshares Ultrashort 20 year Bond ETF formed an RSQR saucer along with bullish parameters. Mounting inflation?

Bull!

TYH WEEKLY

UCO WEEKLY

HUN WEEKLY

PAL WEEKLY

DRN DAILY

DRN WEEKLY

$VIX 23 DAILY (USES TNA PRICE)

TNA 23-? WEEKLY

TCK WEEKLY

AGQ WEEKLY

URR WEEKLY

BULLFINCH

Still Bullish...Krugman from the Times

From Paul Krugman's op-ed page article today: "Of the roughly $600 billion cost of the Recovery Act in 2009 and 2010, more than 40 percent came from tax cuts, while another large chunk consisted of aid to state and local governments. Only the remainder involved direct federal spending. And federal aid to state and local governments wasn’t enough to make up for plunging tax receipts in the face of the economic slump. So states and cities, which can’t run large deficits, were forced into drastic spending cuts, more than offsetting the modest increase at the federal level."

http://www.nytimes.com/2010/10/11/opinion/11krugman.html?_r=1&hp

So are you spending your tax cut money to create jobs?

Who was visitor 5454?

It was someone from Chester, England, lying on the River Dee, close to the border with Wales. Could it be David Roberts (1859-1928) the inventor of the caterpillar track? In 1903, the War Office offered a prize of £1000 to produce a tractor that could haul a load of 25 tons for 40 miles (64 km) without stopping for fuel or water. Hornsbys, which employed Roberts, entered an 80 horsepower (60 kW) 12-ton tractor, which was the only entrant to complete the 40 miles (64 km), subsequently running on to 58 miles (93 km) before running out of fuel(wiki). Triang Minic 11M Post-war Tractor