http://carolan.org/2009/11/choppy-toppy/ thoughts on markets & cetera - christopher carolan Thu, 02 Sep 2010 18:24:29 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://carolan.org/2009/11/choppy-toppy/comment-page-1/#comment-1402 AndyB Tue, 24 Nov 2009 11:00:23 +0000 http://carolan.org/?p=2890#comment-1402 The price action in oil looks corrective; so there should be another move up. The USD/Euro looks to be forming a triangle. I count this as wave 4 of 5 of C. So there should be another sharp move up (down in the $index) to finish things off. Overlay the USD/Euro on the S&P chart from Oct last year, the ABC pattern is very clear, its just that the S&P made a new low in March and the Euro did not. The time target is end of Dec/ early Jan. So overall the move is not finished yet; we bears will have to wait a little longer; but it should be worth it! I have found that the relationship between the S&P and new/full moons is quite good; it doesn't exaclty break down, its more of a change in character. Recent highs and lows are very clear but other possibilities at the moon dates are inversions and accelerations. Inversions tend to occur near options expiry (but not always). Accelerations occur on a moon date at the half way point of a price move; this can happen a few times in a sequence and results in an inflection in the price rather than a turn. Current price action suggests we may have an inversion and a move higher to the next moon date. Aligning tide dates with moon dates and other indicators can help to pinpoint the turns. The price action in oil looks corrective; so there should be another move up.
The USD/Euro looks to be forming a triangle. I count this as wave 4 of 5 of C. So there should be another sharp move up (down in the $index) to finish things off.
Overlay the USD/Euro on the S&P chart from Oct last year, the ABC pattern is very clear, its just that the S&P made a new low in March and the Euro did not. The time target is end of Dec/ early Jan.
So overall the move is not finished yet; we bears will have to wait a little longer; but it should be worth it!
I have found that the relationship between the S&P and new/full moons is quite good; it doesn’t exaclty break down, its more of a change in character. Recent highs and lows are very clear but other possibilities at the moon dates are inversions and accelerations. Inversions tend to occur near options expiry (but not always). Accelerations occur on a moon date at the half way point of a price move; this can happen a few times in a sequence and results in an inflection in the price rather than a turn.
Current price action suggests we may have an inversion and a move higher to the next moon date.
Aligning tide dates with moon dates and other indicators can help to pinpoint the turns.

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