Market Patterns and Charts

$NDX 'Macro' and 'Micro' trendlines...

2009-11-14T09:48:00.002-06:00

Notice the interesting difference here between the $NDX and the $SPX. In the bottom graph here, which I'm calling the $NDX 'Micro' trendlines, this is where the price action is contained. The two top graphs look as though the 'Macro' trendlines have been exceeded and are therefore no longer working. This is the reverse situation from the $SPX in the earlier post below....

$SPX 'Macro' and 'Micro' trendlines...

2009-11-14T09:28:00.005-06:00

Not a lot of change from 4 days ago, really....

In this case, the Micro trendlines (bottom chart) are at or beyond their limits, it is the bigger and older sourced 'macro' trendlines (top two charts) that are probably containing this...

The market is declining a bit...is this the real deal? Is the Bear back?

2009-11-13T09:40:00.002-06:00

After today's action I will redo the charts, see what it looks like...Remember, we are looking for 5 wave declines, rather than '3's....Probably by next week we might have some idea...

Rock Music Quality vs. US Oil Production

2009-11-12T19:40:00.001-06:00

One to look at and go WOW!

Report: 10 states face looming budget disasters

2009-11-11T14:16:00.000-06:00

http://news.yahoo.com/s/ap/20091111/ap_on_re_us/us_state_budgets

Key oil figures were distorted by US pressure, says whistleblower

2009-11-11T11:59:00.002-06:00

http://peakenergy.blogspot.com/2009/11/key-oil-figures-were-distorted-by-us.html

This, of course, is the crisis that is coming right as the general economic crisis becomes most severe.... I personally, am concerned about general survival during this overlap...

Japan's situation worse than the U.S.

2009-11-11T11:40:00.002-06:00

http://globaleconomicanalysis.blogspot.com/2009/11/budget-deficits-soar-out-of-control-in.html

Our problems look really terrible until you see what other people have to deal with...This is a great comparison of all of the major industrialized countries. Rather surprising....

Exponential Trendlines and Nodes, seeds from 10/2002 through 10/2007 - $SPX

2009-11-10T18:22:00.002-06:00

Haven't shown these for a while, these exponential trendlines are of a larger order and presumably more resilient then the micro trendlines I've been showing lately. These confirm the topping action suggested by other methods/ indicators. Note the .500 time node we happen to be at in the bottom chart... That's one of the important warnings in this system of trend change...

Russell 2000 non-confirmation with DOW

2009-11-10T12:14:00.003-06:00

The non-confirmation by the current top of the Russell 2000 compared to the Blue-Chip Dow industrials, shows that risk appetites are collapsing...

I've had computer problems..back now...

2009-11-10T10:21:00.002-06:00

Hello I'm back...Yesterday's rally was a bit of an eye opener...My computer has been giving me fits for about a day, I have reloaded it and am operational again...The power of this last day's rally was surprising, volume was respectable, as was the point gain. I would assume short covering had much to do with it. No fatal damage has been done to the Bear case, but obviously, another couple of days like this one could change things significantly. The dollar is still involved with this, and today it hit support (again) at just below 75.0 or so. That support has to hold if the Stock market is to decline...

A detailed discussion by me and others over at the BullBear site

2009-11-07T11:04:00.001-06:00

http://www.thebullbear.com/profiles/blog/show?id=3301355%3ABlogPost%3A3980&page=1#comment-3301355_Comment_3998

If we are forming the right shoulder of a head and shoulders pattern on both indexes, here are the trendlines to watch....

2009-11-05T20:05:00.002-06:00

On the $SPX the highlighted green trendline will be at 1074.72 and for the $NDX the highlighted orange trendline will be at 1727.02. Both trendlines will normally be exceeded slightly before they will stop the advance. If they are exceeded by too much, then obviously something different is happening, and the markets have apparently not really topped...

Looks like a nice wave 2 has happened, with a 50% retrace...

2009-11-04T15:51:00.003-06:00

Now we wait over the next couple of days to see if wave 3 is really under way. (Technically, wave 3 of the bigger wave 3) Those of you who follow Elliott Wave will know what I mean, if not, go over to Daneric's site, he's a deep Elliott guy...

Is the U.S. Dollar About To Crush Stocks?

2009-11-03T18:30:00.001-06:00

http://www.marketoracle.co.uk/Article14709.html

Crudely labeled chart, but I think it will confirm Yelnick's, and other similar wave counts...

2009-11-03T17:59:00.005-06:00

I think I see a pretty clear 5 wave structure here...so this should confirm a more Bearish result, and the start of a major Wave 3 down in the markets...

Yelnick's scenerio...

2009-11-02T09:27:00.003-06:00

http://yelnick.typepad.com/yelnick/2009/10/last-chance-to-get-out-comes-again.html

For another view of things, here's the monthly $VIX chart...

2009-10-31T15:37:00.002-05:00

$VIX monthly - Note the 'just completed' candlestick for October, and the indicators....

Look at MACD on this weekly chart..Looks like crossover time for this indicator...Down we go....

2009-10-30T19:25:00.004-05:00

Be careful here, we haven't yet gotten through the support as seen on the Microtrendlines chart of a couple of days ago, we could bounce here again and form the right shoulder of a head and shoulder pattern...So the big decline might be a little ways off..

The other point of view is represented by Dab Basch who still sees an imminent crash. He has updated his charts from last week, you can see them here:

http://www.safehaven.com/article-14888.htm

Fall of the Republic....

2009-10-30T14:42:00.003-05:00

http://spywitnessnews.org/content/fall-republic-hq-full-length-version-2009

If you haven't seen this, you need to...predicts the future reasonably well......

Also a lot of unique information is presented, volunteered by brave individuals within local and state governments...This alone is worth seeing as a tribute to the people who took the risks to provide it.

The little rally is obviously over....

2009-10-30T13:14:00.001-05:00

After another notch down, I'll do some new charts...as the decline progresses...

Progressing down....

2009-10-28T12:45:00.006-05:00

We are now approaching some intermediate scale trendlines, which I have highlighted. Today's low (so far) on the $SPX is almost on one now. Tomorrow or Friday could see a bounce as some indicators are getting oversold. The nature of any bounce that materializes will tell a great deal about the real condition of the market.

End of day update, replaced charts with updates showing today's final lows....

This is our future, if the Bankers have their way....

2009-10-27T11:19:00.004-05:00

After the Billionaires Plundered Alabama Town, Troops Were Called in ... Illegally

http://www.alternet.org/workplace/143485/nightmare_in_america%253A_after_the_billionaires_plundered_alabama_town%252C_troops_were_called_in?page=1

Please, Gentle Readers, pass this story on to others, it's only through general awareness by the people that this kind of thing can be stopped....

Today's drop is just becoming apparent on this $SPX chart...

2009-10-26T22:38:00.003-05:00

You can see the trendlines that I've highlighted that have to fail for the bear to fully come back...

This guy could be right, we'll see......

2009-10-24T11:42:00.000-05:00

http://www.safehaven.com/article-14811.htm

Macro nodes and trendline for $SPX, using 10/10/02, 3/5/04, and 10/11/07 as seed dates.

2009-10-23T09:59:00.002-05:00