SHORT-TERM: IN WAIT AND SEE MODE

No new stuff, everything goes as planed (insert evil laugh here…), so still the same chart as that of yesterday. Just in order to make sure you guys understand the forecast is totally different on different time frame, so I combine the short-term evil plan and intermediate-term evil plan together on the same chart below. Should be clear enough now, right?

  1. As long as there’s no decisive new high then maintain the plan, a short-term top should be around the corner.
  2. Up huge tomorrow to make a decisive new high then most likely would fall back the day after tomorrow, so if indeed huge up tomorrow, it’s bear’s chance (again for aggressive traders only). What I’m really worried now is the market might not give bears such a chance tomorrow. (Again, insert evil laugh here…)
  3. Although the Pullback 4 was no larger than that of the Pullback 3 as I expected yesterday, they’re almost equal, so should count as a successful speculation. This is important, as it’s a very basic condition to allow me to maintain the evil plan.

SPYEvilPlan

Why is it bear’s chance if up huge tomorrow? Because both NYMO and T2122 are very close to extreme again, so a huge up indeed, more likely I’d yell overbought again. And now you all know what would happen if I yell overbought.

NYMO
T2122

Why am I afraid that market might not give bears chances tomorrow?

  • Hollow red bar plus historically low ChiOsc, UUP might rebound which would put great pressure on the stock market.

UUP

  • DAX, resistance + 2 reversal bars + 3 Push Up, could pullback too, which if indeed, would mean a gap down open tomorrow on the US stock market. Such a gap down would greatly lower the chances of NYMO making extremes.

DAX

INTERMEDIATE-TERM: WE COULD SEE MULTIPLE WEEKS RALLY BUT MAINTAIN SPX DOWNSIDE TARGET AT 1,000

For why we could see multiple weeks rally, please see 10/14 Market Outlook for details.

For why SPX downside target at 1,000, please see 08/19 Market Outlook and 09/30 Market Outlook for details.

SUMMARY OF SIGNALS:
TREND MOMENTUM COMMENT
Long-term 3 of 3 SELL
Intermediate 5 of 5 BUY 5 of 5 NEUTRAL Cobra Impulse in BUY mode; Non-Stop in BUY mode.
Short-term *UNCLEAR 6 of 6 NEUTRAL
* = New update.

 

 

Chinese Transcript

SHORT-TERM: IN WAIT AND SEE MODE

没有新内容,一切都是按计划在走,所以还是昨天的图。为了再次强调不同的time frame是不同的预测,所以我把表示短期方向和中期方向的图放在一起了,现在应该很清楚了吧?

  1. 下面只要没有decisive new high,则维持计划不变,短期顶部就在附近。
  2. 既使明天大涨特涨making decisive new high,多半后天又会跌回来,所以是熊熊的机会(again for aggressive traders only),我的担心是,就怕明天不给熊熊机会了,嘿嘿。
  3. Pullback 4虽然没有按我昨天预期的大于Pullback 3,但是基本等于,因此应该算我推测正确,pullback是越来越强了,这个很重要,基于这一点,所以我还是维持计划不变。

SPYEvilPlan

为什么明天大涨特涨是熊熊的机会?因为NYMO and T2122又非常接近extreme了,明天大涨特涨的话,估计晚上我又要说overbought了。

NYMO
T2122

为什么就怕明天不给熊熊机会?

  • UUP空心红棒棒加在历史新低的ChiOsc,因此可能要反弹。这个东东反弹,股市不会好。

UUP

  • DAX,阻力 + 两根反转棒 + 3 Push Up,恐怕要回调。如果真的回调的话,明天米国会低开,而一般只要低开,基本上NYMO extreme的可能性就不大了。

DAX

INTERMEDIATE-TERM: WE COULD SEE MULTIPLE WEEKS RALLY BUT MAINTAIN SPX DOWNSIDE TARGET AT 1,000

For why we could see multiple weeks rally, please see 10/14 Market Outlook for details.

For why SPX downside target at 1,000, please see 08/19 Market Outlook and 09/30 Market Outlook for details.

SUMMARY OF SIGNALS:
TREND MOMENTUM COMMENT
Long-term 3 of 3 SELL
Intermediate 5 of 5 BUY 5 of 5 NEUTRAL Cobra Impulse in BUY mode; Non-Stop in BUY mode.
Short-term *UNCLEAR 6 of 6 NEUTRAL
* = New update.