A PART OF NY

Wave Count and Some Financial Astrology

admin — Thu, 02 Sep 2010 21:00:10 +0000

The seasonal factors benefited the market again today, although with horrible volume. I am seeing the end of wave 2 arriving soon with completion of an Ending Diagonal either tonight, or aly tomorrow (Will I ever change that tune).

Also an interesting Financial Astrology pattern kicks in overnight. On Friday the Moon enters Cancer and creates a Cardinal Grand Cross yet again, with Jupiter, Saturn and Pluto. The tense aspects start at 1:40 am Eastern time on Friday morning with the Moon squaring Uranus, then Jupiter, then the opposition to Pluto and then finally the square to Saturn which is at 10:34 am Eastern. Stock markets may be rocky on Friday, and people on short fuses.

This moon alignment could be the trigger event for the Major Cardinal Climax, of which we just went through the mid point. So taking these two things together the wave 3 down could start overnight.

My Count below:

10 Min Count traditional

2 Hour Count

Primary Count update

admin — Thu, 02 Sep 2010 14:24:00 +0000

Here we go. [iii] should start soon, or the count is wrong.

Could the Fed recreate the Asset Bubble

admin — Thu, 02 Sep 2010 13:18:48 +0000

The Fed are doing everything they can to recreate the Credit Bubble, and get Asset prices rising steadily again. Unfortunately, for them, money is not flowing into their beloved Housing Market yet. Instead all the new money is flowing into the most liquid of Assets, stocks and financial commodities, though.

QE1.5 and the potential QE2 could cause a lot more money to flow into these highly liquid markets. We will then be left with the stock , Oil and Gold / Silver Markets floating on a free money cloud, whilst the real economy sinks into the abyss. Ferrari’s on Wall St and Shanty towns replacing main St. Well Done FED!!! Of course when the tightening eventually occurs, and the free money is pulled out. the the rug will be pulled from under the market players and the whole tower of fake prosperity will come tumbling down. The count below, that I have been tracking as an Alternative for some time, would fit with this scenario. I don’t have this as my top count, however it is working too well to ignore.

End of Day update on ramporama day

admin — Wed, 01 Sep 2010 23:03:12 +0000

Well that was fun for the boyz. The closing at the high was highly indicative of a short squeeze. Just like the “Get Shorty” strategy from the Enron traders - I suppose GS must have bought the book from them. Anyway this wave 2 is acting just like Minor wave 2. Which means it could go on a few more days. I have laid out the possible end point/zone on the 10 Min chart and laid out a good trend line on the 2 hour chart. Saying this we could have ended the rally today. Enjoy!

10 Min Count

2 Hour Count

Lunchtime Update Sep 1 2010

admin — Wed, 01 Sep 2010 16:28:36 +0000

Either [ii] is done or there is one more push up to go.

Recount for Sep 1 2010

admin — Wed, 01 Sep 2010 15:24:49 +0000

Okay it looks like wave 1 down minor 3 was so variant of Leading Diagonal and we are now in the retracement, which is sharp and deep. The [ii] target zone is highlighted.

Count below:

Count blown

admin — Wed, 01 Sep 2010 14:09:38 +0000

Every time I see a 1-2-1-2-1-2 pattern the market gaps up to infinity and beyond… Funny that.

Anyways it looks like we we completed 5 down and we are now in, yet another, 2 up.

I’ll do a recount and repost a chart.

End of Day Update on Aug 31

admin — Tue, 31 Aug 2010 22:01:11 +0000

Wacky day. The Fed as good as admitted that they are terrified of deflation and the liquidity trap beckons. There was some blatant price manipulation at the close for month end Fund performance purposes and my count is now all 1′s and 2′s – which worries me. At least it gives me a tight stop for my shorts. Anyway updated count below:

2 Hourly Count

10 Min Count

1 min Count

1 Minute close up on todays activity

admin — Tue, 31 Aug 2010 17:57:43 +0000

Lunchtime update Aug 31 2010

admin — Tue, 31 Aug 2010 17:09:12 +0000

It looks like ED’s come in 3′s, as it appears that this mornings upward correction was also an ED. Latest update below and a chart of the ED: