Global Perspectives: Keeping Believers Informed, Equipped, and Prepared

Home Our Perspective S&P500 Wavelet Cycle
S&P500 Wavelet Cycle PDF Print E-mail
Written by GP Contributor   
Wednesday, 18 August 2010 13:18

Chart provided by GP Contributor.

Click on the image to the right to view the full-size chart.

 

Comments
Search RSS
Only registered users can write comments!
SteveM |2010-08-18 14:31:37
Put/Call ratio is high so we may get 1 more run but market is acting tired.
ignoramus |2010-08-18 14:46:32
Dr. Meyers,

Does this suggest a big spike up tomorrow? Thanks.
Geert  - Strong rally in GBP ? |2010-08-18 15:00:50
All the non-USD currencies were weak today, except for the British pound, because the minutes of meeting showed that the Brits were not going to monetize further; and a lot of short term speculators had apparently bet on such a move. More room to the upside for the GBP???? And unline the Euro, GBP has not breached the trendline...
SteveM |2010-08-18 15:42:16
I don't think it means we will rally the BP strongly. If Euro has corrected sideways, I believe that it will drag the BP down. A close under trendline is needed for proof, however.
Ron Rebner |2010-08-18 15:41:58
Steve, or GP contributor, please educate us on what his chart is telling us other than the note that a change might occur soon. Thank you.
SteveM |2010-08-18 21:21:50
The market has a 8-9 day trading cycle which means the market will switch direction every 8-9 days. We are due for that switch now.
Ron Rebner |2010-08-18 15:51:39
Another low volume day. A/D ratios were slightly favorable on the NYSE but about even on the NASDAQ. Feels like we are setting up for a high volume day soon and, my guess is that means down.
Mars  - For THUR |2010-08-19 00:43:53
WED...what can you say....the best laid plans of mice and men?

WED evening it would appear that the SP500 could (could-would-should) be expected to close lower on THUR. The TIAP model is repeating the signal for an SP500 decline, as well as adding one for a McClellan Oscillator decline. SDS and SRS repeat their signals for advances.

After TUE's ramp job, caution dictates another review of the ZeroHedge article "The Tradition of Mindless Stock Ramping on FED POMO Days Is Back"
POMO days through the end of August: August 19, August 24, August 26, and September 1

http://www.zerohedge.com/node?page=2
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

Disclaimer

The statements, opinions and analyses presented in the articles and newsletters on this website are provided as a general information and education service only. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this website is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. Neither GrainBelt Commodities, LLC. nor Steven R. Meyers shall be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.

Global Perspective Audience