All donations go towards web site maintenance for all of Technical Watch,
keep it free of charge, and may be tax deductable as an investment expense.


PayPal Verified
Join our market chat sessions every Tuesday and Thursday at 4:00 pm Pacific time!
More information on subscriber services can be found at
http://www.technicalwatch.com/subs.htm




Support Technical Watch!
Buy from our Book Store!
Register Calendar Latest Topics
 
 
 


Reply
  Author   Comment  
fib_1618

Moderator
Registered:
Posts: 4,424
Reply with quote  #1 
Picking up from mid October of last year, here's the updated preferred Elliott count for the cash SPX for your review which has its basis primarily on breadth, volume, and sentiment of pattern.

For those interested, the link below will take you to the crash count thread from last year so you can review the process (or evolution) of the current labeling in real time

http://forums.technicalwatch.com/post/SPX-Elliott-Crash-Count-5451719

Fib




__________________
Dave's LinkedIn Profile

Technical Watch Twitter Page

Technical Watch Facebook Page

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

0
hiker

TW Member
Registered:
Posts: 8,859
Reply with quote  #2 
some news from early morning, January 25, 2012 for the bulls to yawn about

-------------------------------------------------------------------------------------------------



the time stamps I have added are eastern time:

6:00 am follow - up

Portugal Debt Insurance Costs Climb To Fresh Record - Markit. 5-Year CDS quoted at 31 BPs Wider At 1310 BPs - Dow Jones wire


5:50 am follow -up:

Germany's Merkel says can't always promise more money for Europe


follow-up at 5:00 a.m, Jan 25th

UK Osborne: GDP Data Not Unexpected Given Global Environment, Euro Zone

Osborne says GDP fall is disappointing

HMT official: "GDP disappointing but not unexpected given eurozone crisis. ... IMF last night explicit that UK should stick to deficit plan"

EUR - Portugal-Germany bond spreads widening sharply this morning, out 45 bps on the day

the Reuters news service finally posts an article about the worsening GDP in the UK -

UK economy shrinks by 0.2% in Q4 http://bbc.in/wpbFud

Guardian- UK moves closer to second recession. By the time they have all finished printing we will have talked ourselves into a recession like before                                                                                                 .

from the Financial Times reported just now, Chris Adams about the UK GDP news:

We will see a technical recession - two quarters of negative output. It will make bad headlines, but be short-lived. Expect a slow recovery.

Chris Adams' quote now - "Our bet is that the UK is now back in recession and that the economy will continue to contract for most of this year" - Capital Economics


additional follow-up Regarding the worse than forecasted UK GDP no.

the UK GDP breakdown shows a marked decline in industrial activity in Q4 (-1.2% q/q), services flat over quarter. Big downside surprise was construction

"Suspect household consumption and investments have been drag for GDP growth, govt spending, net exports to have edged higher"-Newedge

**** the ES is now printing 1308.50 down from 1318's double tap this week *** as of 4:45 a.m. eastern time, January 25th

------------------------------------------------

follow-up news item released at 4:30 a.m. eastern time, Jan. 25th -

UK economy contracted 0.2% in fourth quarter, worse than the forecasted 0.1% decline

 
PORTUGUESE FIVE-YEAR NOTE YIELD RISES TO RECORD 18.78 PERCENT

4:29 am eastern time - January 25, 2012


















__________________

Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

0
hiker

TW Member
Registered:
Posts: 8,859
Reply with quote  #3 
optimal topping pattern structure, which the bulls must negate, the sooner the better

Attached Images
Name: SPX_Equal_Weighted_Index_-_daily_closes,_9.59_am_January_25,_2012.png, Views: 128, Size: 115.31 KB



__________________

Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

0
hiker

TW Member
Registered:
Posts: 8,859
Reply with quote  #4 
NYSE Composite Index rejection at the first tap of the October high



Attached Images
Name: NYA_monthly_price_bars_-_9.55_am_January_25,_2012.png, Views: 129, Size: 73.02 KB



__________________

Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

0
hiker

TW Member
Registered:
Posts: 8,859
Reply with quote  #5 
SPY with QQQ 60min using Art Hill's RSI 60 to 40 bullish support banding - 10.07 am January 25, 2012

* potential topping pattern structure will be readily evident,  AND evidence is easily determined if and when a future negation of the topping structure takes place

Attached Images
Name: SPY_with_QQQ_60min_using_Art_Hill's_RSI_60_to_40_bullis...uary_25,_2012.png, Views: 128, Size: 109.49 KB



__________________

Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

0
hiker

TW Member
Registered:
Posts: 8,859
Reply with quote  #6 
UGLY

Signed contracts to buy existing homes:  -3.5% month / month  December, Seasonally Adjusted

the West tanks 11%, Seasonally Adjusted

*** Take out the Seasonal Adjustment and drops are huge, -23% national, -35% West

Diana Olick and @Realtors

__________________

Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

0
Previous Topic | Next Topic
Print
Reply

Quick Navigation:






Copyright 2000-2017 Technical Watch