Blog Archive

Thursday, January 28, 2010

Thursday

Forecast Review:
DDF correctly forecast a Bearish Day
Price traded perfectly within the pivots






09:00 PST
This is a very small time frame for the SPX but since everyone is trying to pick a bottom I wanted to show this pitchfork of today's declining move.

This is a forecast fork currently Price is being rejected by the handle but should we break out of the top tine the Ichimoku will offer insight to resistance. The Tenkan-sen and Kijun-sen which are both tuning flat will both attract and reject Price. For a short while the Kumo will also offer resistance but later in the day the Kumo weakens


We have touched and bounced off the lower limit



08:20
On the hourly charts:
The Ichimoku remains Bearish with resistance from the M60 Tenkan-sen at 1092.
Woodies CCI remains in a strong downward tend.
MoneySpy is Bearish

On the Daily Charts MoneySpy and Woodies CCI remain Bearish, but both are indicating that a short term low may have or will be forming very soon.

Having entered the Daily Kumo we now have support at 1074 and resistance at 1102.

Daily SPXHourly SPX




7:30 PST
While this chart presents a Bearish Bias to the day it may be helpful to respect the boundaries of the Andrews Pitchfork and the EW count which appears to place us in a wave two correction.




Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.

4 comments:

  1. Excellent, once again you got right!
    Alex G.

    ReplyDelete
  2. Thanks Alex,

    Is there anything you would like me to change about the presentation of this data?

    Have you added the studies to your TOS? If you want the latest code I'd send it to you by e-mail. BlogSpot makes posting code such a chore.

    ReplyDelete
  3. Can you make your forcasts a little more plainly stated on the site. I find it hard to follow. Newbie.

    ReplyDelete
  4. To Anonymous,

    My reply became too long to post in this space, so I made a link a Word document.

    http://www.4shared.com/account/file/210555275/a5e5d0df/My_Indicators.html

    Feel free to ask specific questions?

    ReplyDelete

Today's Feature

PALESTINE ON THE WORLD'S ANCIENT MAPS

The Palestine which "never existed" appeared on ancient maps, in atlases, encyclopedias and bibles worldwide.

Posted by The International Palestine Network - Gaza on Sunday, February 21, 2016