Wednesday, November 23, 2011

Looking for a bottom

I'm looking for a short term bottom in the SP early next week probably Tuesday Nov 29. It's the 39 td cycle. It could be Monday. The following daily chart of the SP500 has red vertical lines showing the 39 trading day cycle.












Silver is 8 weeks along from it's primary cycle bottom and is getting close to a heliocentric Venus / Jupiter aspect. Note when the green line (Venus) and blue line (Jupiter) have crossed in the past. Silver prices often move quickly, either up or down. They cross again on Nov 27 so there may be a move in Silver early in the week. Cycles are pointing to a trough then up. Nov 29 corresponds to a reversal in Silver assuming it is still headed down. Moon in Aquarius, Mercury in Sagittarius and Venus in Capricorn.







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4 comments:

  1. JekyllNovember 23, 2011 at 10:47 AM

    Please,

    Could you explain more about 39td cycle.
    I find it interesting and there´s not too much literature about it.

    tx

    ReplyDelete
  2. tradingdazeNovember 23, 2011 at 11:56 AM

    I'll post a chart. Like most cycles it comes into phase and then fades out. For the last few months it's been very accurate. 89 is a fib number.
    (89 divided by the square root of 5) = 39

    ReplyDelete
  3. k.s.November 28, 2011 at 5:35 PM

    What a move today! I knew we could have a big move today and tomorrow, but I didn't realize we would open up so high. So some have been calling for a top to this potential abc move on Dec 4-6, some Dec 8th. Are there any aspects you know of that would confirm one date or the other, or something different? I am looking for a potential bottom to this wave around Dec 16/19th. What are your thoughts??

    ReplyDelete
  4. tradingdazeNovember 30, 2011 at 11:10 AM

    There are a number of Astros coming up. I'm looking at Dec 9 +- a couple. Dec 10 has a full lunar eclipse and Uranus turning direct.

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