Archive for November 2010

DownTrend 11/18/10   Leave a comment

For the first time since the end of Aug the

Gann 2 Bar Swing Chart
HeikinAshi Chart
Three Bar Break Chart
Renko Chart  [1 ATR Bricks]

all show downtrend.
A good environment for swing trading short.

Posted November 17, 2010 by britefire in Uncategorized

  2 comments

Principle reasons
why I believe the market is going *down*.

April 26th opposition of Saturn and Uranus.

July 26th opposition of Saturn and Uranus
with Neptune sextile to the galactic center
and Mars crossing the galactic center.
And August 16 opposition of Jupiter and Saturn.
The market high occuring midway between.

Correlation with the Dow            1930 bear market movement.
Correlation with the Nikkei225 1999-2001 bear market movement.

Continuing heavy insider selling.
[They know where their business is going.]

Significant long-term mutual fund outflows.
[Trends in human behaviour continue!]

Blogs greater than 60% Bullish. 26% Neutral 13% Bearish
AAII               45%          30%         25%

Divergence between:
SPX and TNX
SPX and NYAD Cum [NYAD to fall]
SPX and NYMO

NYA50R and NYA150R  NEAR MAX

PPO of WKLY NYDNV:NYUPV @ XTRM
PVO of WKLY SPX         @ XTRM

RIFIN leading mkt in weakness.
SOX   not following mkts past old Hi

The People’s Bank of China just hiked banking sector reserve ratios
the fifth for the year.    1/22/10

Foreign government debt – problem not solved.
Restructuring probable.
U.S. government debt – problem not solved.
QE2 anticipated.
U.S. states debt – problem not solved.
Harrisberg PA, first city to skip a bond payment.
U.S. Business – problem not solved.
Slowing with profits likely to fall.
U.S. consumer – problem not solved.
Joblessness, salary reductions, housing defaults.

Consumer Metrics Institute projection of
another one and one quarter years of economic contraction.
And, implying falling GDP.

If the market anticipates the economy in 6 to 9 mos
the market does not look good from here.

Posted November 1, 2010 by britefire in Uncategorized