SPX says "I'm fine, give me another one"

SPX

SPX failed to create downside impulse. Another stage of wave re-labeling... nothing is invalidated, just things keep stretch in time.

SPX - how long?

SPX

Timing is everything. I think everybody already talking about reversal... But just think about how much money you would have blown up on put time premiums during last month. SPX just bought another couple of days hiding from crash.

SPX - match point

SPX

Another critical point. Ending diagonal must stop there.

Apple - $390 here we come

AAPL - long term

It seems Apple Inc. will teach "retail" investors a lesson... Wave 5 is just around the corner. Wave equality between 1 and 3, alternation rule (wave 2 was sharp and wave 4 is flat correction) just boosts chances for this scenario...

I like Baidu

BIDU

Great case for long term portfolio stock... wave 4 might just have ended and next year we will see new up trend.

New highs coming

SPX - short term

I don't read news, but Bernanke must say something to show must go on... 1525 level will be critical for this scenario. Grab popcorn!

Game over for Citigroup?

Citygroup Inc. quickly approaching critical fibonacci cluster.. On one of these levels will be final.. Price should not go above $53 - it will invalidate wave count.

C - Long term

C - short term

More SPX alternative count

SPX

Another day, another wave. Price/time balance of wave 4 shows that triangle is highly unlikely to appear. As we know from Robert Prechter's guidelines triangles only in appear in wave 4 ( in wave 2 only in combination) before trend reversal. So this fact kind of opens up the door for new possible upside scenarios. We will have to start looking for alternatives when SPX breaks 1565 level.

Facebook - bigger picture

FB - long term

Looks like double zigzag took place in wave 4. Here is more detailed count on sub levels.

FB - lower time frames

Zynga update

Zynga is moving according to the plan now.. no surprises here. However, price/time of corrective waves suggest that they belong to the high degree waves thus might be one-two's and future extensions of the waves 3 will follow. But let's be realistic for now.. it's early to buy out of the money calls ( at least a lot of them :) )

SPX update

Very interesting Fibonacci combination... If SPX will rise beyond 1565 level it will invalidate current count that goes 1 year back. But target for ongoing wave 5 is around 1555.

SPX

SPX - Final countdown

SPX about to make a rise. Since it could be final wave 5 before trend reversal we can see diagonal triangle that will unfold in three's

SPX

SPX - tethering on the brink of collapse

The end is near. SPX probably going into last wave 4 before global trend reversal.

SPX

Main strategy: Out of the market.

Volatility is so low (9%) so you can't get any reasonable premium. Corrections and weak wave 5 ahead. Nothing to do here.