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

Chart provided by GP Contributor.

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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

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