Someone asked me by email how do I get the figures I work with. For one, I am a natural mathematician that has been school in Finance and uses a series of mathematical theories in my analysis of the markets.
All things in nature works in cycle and sequences and based on these patterns I write projections to see where the trend lies. What I have been working on for nearly two years is time sequence and projection in stead of price. Many times prices can be distorted by human manipulation but TIME is only sequenced by nature and their holds the real power of predicting the direction of the markets in my opinion.
For example I have said this before many times again: would you rather know the price of the top of the market or the time? I think I would rather know the time as it wouldn't matter the price if I know the time of say a date or week where the market should top out, correct???
Well that's how I see it and I will continue to fine tune my work accordingly. In a few I think I will start seriously writing down my analysis or publish my writings so those who are serious might add to it or learn for it. I find most people today want to be spoon fed and not learn because it is so easy just to copy or jump on the bandwagon and not think.
Well I am not inventing anything new but just applying it to the markets as it is in nature.
MARKETJEDI
Wednesday, October 7, 2009
Crude

Crude finished higher on the tuesday session on above average volume. Range came in at "a no big deal" $1.91.
As expected, price moved up out of the corrective. We ran into the down trending channel and were quickly repelled, which is very common.
I have changed the labeling and placed sub-minuette i at today's high of 71.97.
It is also possible that i actually ended at the 71.63 H. It is unclear, as the leg off of the 70.06 is a mess.
I have placed two separate ii waves on the chart. I prefer the second lower ii myself. This means that ii needs additional work. Although 2nd waves can certainly only retrace a 38.2%, it's not very common.
There is a very remote possibility that 71.97 completed minuette (c), and thus minute [d]. As triangles start contracting, the waves get smaller and can fool you.
Bottom line - I continue to see price moving higher. If I have structure correctly assessed, then we should see nice upside price action tomorrow, as we would be in a wave iii.
Any trade below 68.05 would mean something else is going on.
Tuesday, October 6, 2009
Cycle high today
Remember today should be a cycle high, so it should provide a high probability short- wait for the impulse to end on the upside then short.
MARKETJEDI
MARKETJEDI
Monday, October 5, 2009
Sunday, October 4, 2009
S&P 500 UPDATE

The ES has now given up over 50 handles from its 9/23 high of 1075.75.
It is obvious to me that the equity market(s) topped at the ES 1075.75(Called for the possibility of 1069 at the March lows). At minimum we should see an intermediate degree correction. At worst - turn out the lights 'cause this party is over.
If correct, this suggests that the March lows should be taken out in this primary wave [3] down. Actually, it is required for 3rd waves to travel beyond 1st waves, as a rule of formation.
Friday We closed the day forming a bullish bat formation which should spell higher but I think to a maximum another intermediate lower high will be made this week.
Also notice the RSI. We have broken the uptrend line from the March lows. We also had a very nice and pronounced negative divergence at the highs.
Bottom line this is not the time to get bullish do that on your own cause.
MARKETJEDI
Subscribe to:
Posts (Atom)
