Saturday, December 7, 2013

Diminishing Fractal

SPX Weekly
Backing out...
SPX Weekly

38 comments:

  1. Nice Chart. Do you have an equivolume version?

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    1. No sorry I don't know how to do that.

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    2. platy. I lifted your fractals and did Elder & Equivolume versions for TNA on my blog. I gave a link to your site. I hope that was OK. http://instigator928.blogspot.com/

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    3. Sure, no problem. Nice site!

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  2. Last night's range appears to confirm the EMini will make a low on December 20.
    However, there are 2 options for prices from here.
    Firstly, today's prices closed right on Pluto sextile, with Neptune conjunct sitting just below at 1774. Prices might retreat from any tag with Neptune.
    The alternative scenario (my preferred) is that December 18-20 will be the next CIT.
    I have previously identified December 18-20 as a potential CIT. To recap, I noted:
    Solstice is on December 21. December 18 will be 240 degrees from the 4/18/13L, December 20 is 90 degrees from 9/19/13H and December 24 will be 180 degrees from 6/24/13L.
    Further:

    5/22/13H - 6/24/13L = 127
    5/22/13 + 127TD's = 12/20/13

    And

    8/2/13H - 8/28/13L = 80
    8/2/13 + 80TD's = 12/19/13

    Moreover, the Sun enters Capricorn on December 21 (Saturday). The Sun's ingress generally causes a trend change.

    Over the following week we will have a 3/4 moon on December 25 and Mercury will be at its maximum S declination on December 27. Mercury will also be at apogee on December 21.

    The potential price support might be at 1740 because:
    1. Mars sextile inverse crosses Mars opposite on 12/20 at 1740 (at a scale of .5);
    2. Sun sextile crosses Mars opposite on 12/23 at 1742;
    3. The double top projects the low to 1743;
    4. Neptune opposite is at 1749; and
    5. Pivot Point S3 from the high on 11/29 and the low on 12/4 is 1740.75.
    Finally, congratulations Platy, you got the top perfectly.

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    1. Hi Chris,

      Thanks for your timing dates and planetary price balance points. Always appreciated!

      This is definitely an important time with Uranus stationing direct the 17th and Venus going retro on the 21st. Can't help but think the Fed meeting next week will have a great bearing on the CIT.

      The SPX may spike just below your 1740ish area. There was a daily gap left Oct 17-18 between 1733.45 and 1735.74. The market gapped higher on Friday Oct 18th. This was the day of the Lunar Eclipse making 1735.74 a very important level. Also, gaps act like a lure.

      It has always been a theory of mine that the price level ranges of a market between the Lunar & Solar Eclipses mark very important price ranges for the future. The range of the SPX Oct 18th - Nov 3rd was 1735.74 to 1775.22. The top of that range was breeched earlier today for the first time in 6 weeks when the SPX bottomed at 1772.28. If we include Oct 18th (eclipse was after the market closed), the range low was 1735.74. If we don't then the range lows were 1740.50 to 1740.67 on Oct 21-23rd, right at your planetary level & pivot point.

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  3. Hi Sugarman.

    It amazes me how different analysis compliments other seemingly unrelated analysis.
    I neglected to post that 1744 sits on the NC of the sq. of 9. Looking at the hexagon chart for December 20, Saturn will be at 229 degrees, which has a price of 1747. The Node will be at 1742 and the hexagon 240 degree corner at 1752.
    I haven't looked at the Circle of 24 for a while, however, I notice 1752 is on the all important 0 degree angle.

    And the SVL (solar value level) gives a price of 1752.

    Lastly, my GANN equinox chart has the GANN angles all converging (because Dec. 20 is solstice) on 1746.

    Looks like a winner to me.

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  4. The FOMC meeting next week coincides with Uranus turning direct & the S&P Ceres cycle. The last Ceres cycle (DOW) was the high. This one will probably be the low before the rally into early-mid January.

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    1. The rally into January will be point 2 in the diminishing fractal above, probably a higher high and possibly the final high.

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    2. 50 DMA and prior trendline resistance should provide support at around 1760.

      SPX

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  5. MP, I'm wondering if Mandela's death is the resonance on Kennedy's death that you were thinking about.

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    1. I was thinking that as well. Not as accurate to the day but significant public figures. Will Mandela's passing signal the canary in the coal mine?

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    2. Interesting to note... China just landed on the moon although unmanned is still significant. Why? The last time someone landed on the moon was July 1969. Dec 1968 was the start of the decline into the 1970s. A loss of almost 40%. Mind you that was considered fast since it took 1.5 years.

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    3. Very interesting MP!

      Reminds me of what we were talking about earlier this year regarding the One World Trade Center, which according to Wikipedia, opens in January 2014. Hmmmmm.....

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  6. Many potential Cowan cits have passed by this year with little effect - the largest cluster in quite a while is coming in early Jan. 2014. I'm expecting an important high there at 4166 compq (most likely) which is about a hundred points up from here. Then a pullback at least for a month. fwiw.

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  7. Hi Platy,
    do you think,that today was the major low in silver,two days later than you have forecasted
    best regards Witold

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    1. No I think Monday was a high.

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    2. January 3 is a Saturn 72° cycle for gold. That could be our low. Or maybe the Earth-Venus-Jupiter triple conjunction the following week.

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  8. Using Gann's square of 9 with 20 (as it was the historical low) as the starting price, 1180 sits on the WC. This should provide strong support for gold. If that support fails then look towards 1140 (SWD) and then 1105 (SC).

    Pluto opposition sits at 1181.

    Further, from the high on 9/6/2011, Pluto and Ceres will have moved 180 degrees (36x5=180) on December 17. And Pluto has moved .36 degrees. We know 36 degree increments are important. For example, see earlier 36 degree dates: 9/26/12; 4/10/13; 6/14/13; 8/19/13 and 10/24/13.

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  9. Sorry, the gremlins are interfering with my comments. Pluto will have moved an increment of .36 degrees on December 29.

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  10. Aussie gold stocks showed strength today. Here comes the divergence I have been anticipating. Gold lows should be close and then get set for the move to new record price highs.

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    1. Gold rocketing to new highs will depend on Silver making new lows.. So far that has not happened. Which suggest that if gold shoots up, it wont be to new highs. It will just serve to trap some more bulls. The move up for Gold could still be impulsive but only a C wave in EW terms. Not something you want to miss nonetheless.

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    2. MP, are you suggesting that silver leads gold? Because it is actually the other way around.
      I believe the lows for silver are in. Those waiting for lower lows are going to be dssappointed I'm afraid. Silver is basing for a major move up.

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    3. Based on my EW analysis.. the basic premise is that 3 waves are corrective. This means that an impulsive counter trend exists. That said, The move from July to Sept. in Gold and Silver are 3 wave rally. Therefore I am expecting new lows. Gold is near new lows, but Silver is not. My argument is that we have not seen the lows, but if we rally the C wave rally here should be impulsive or in 3 wave pattern as well.

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    4. Thanks MP I shall ponder over your ideas over the next few days

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  11. DOW looks toppy to me. Is it possible we hit point 2 of the fractal already today, and early January will be point 3?

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    1. Jan CIT could be a lower high.. if we turn soon.

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    2. Platy, you may be correct however the DOW trannies look like they are about to beak to a higher high after a new record close.
      I think the chances are we still eak out new highs across the board and I haven't ruled out a double top in the Nasdaq.

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    3. Ok thanks MP & beetlejuice. Maybe we just get a pull back soon before further rally.

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    4. As well Platy look at the volume today on the Nasdaq on the break. Staggering volume actually. The highest one day volume in years.
      I am not ruling out a parabolic move in the markekt here.

      Cheers and all the best for the festive season :)

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    5. Thanks beetlejuice.

      Still, the more I look at it, the more I think we are close to a major reversal here. I think we should see a drop below 16100 on the DOW on ~Monday, then a rally to 16300 or so, then a 500 point drop. Just a hunch. Let's see what happens.

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  12. Adopting the parameters of the most recent pull-back the Price/Time for the EMini is: Time = 12/31/13 and the price resistance will be 1809. For the DJ it is: Time = 1/1/14 and Price 16056.

    This seems to confirm the potential low for gold which was for around 12/2913.

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    1. Thanks Chris, but can you clarify -- S&P and DOW have already exceeded your resistance levels. Do you mean support not resistance?

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    2. Yes, again sorry. I meant to say support. Last night I looked at the SVL for last week of December/early January. If we take December 30 (December 29 is a Sunday), the SVL will be 278. This means, if gold were to be "in harmony" its price should be at, or close to 1182. Interestingly, 277 also sits on 180 degrees of the C24.
      I am looking into how Louise McWhirter carried out her analysis into gold and will post my results if I can make sense of it.

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    3. Thanks a lot Chris. Interesting -- Uranus-Pluto gives support at 1181.

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  13. The Uranus SPX planetary price level of 1811 has been exceeded and may get re-tested as support. The next major resistance looks like 1836 (slowly falling) from the Moon's nodes. Jay's first post talks about the importance of the nodes as major support/resistance levels.

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