Comments on: Comparing SP500 Percentage Drops in 2009 to Now

By: Market Mondays | Forex Chaser

Market Mondays | Forex Chaser — Mon, 25 Jan 2010 16:31:43 +0000

[...] week we say a big sell-off. First – and as always — Corey at Afraid to Trade has some great analysis. In addition, consider the following [...]

By: Where should YOU be in the S&P 500, 1-24-2009 | Record Price Breakout.com

Sun, 24 Jan 2010 19:35:40 +0000

[...] next analysis I took a look at is Corey Rosenbloom’s at AfradToTrade.com. Corey has taken a totally different approach to analyzing the S&P 500, in that he has [...]

By: Carlos Júlio

Carlos Júlio — Sun, 24 Jan 2010 06:39:49 +0000

I have the same ideia.
You can look to EMA200 to and see avg falsebreak that EMA give me target between 1040 and 995. Just send my 2 cents. VIX, SPX and DAX. Best for all. Cheers!!

SPX – We're In A Secular Bear Market. 1040 Key Number
We're In A Secular Bear Market Like Japan.
Long term view – TOP 1150 –
If this is the Top and I believe it, when look this chart, we had last year a pullback of a BIG BEAR MARKET SECULAR. why??
Chart we have two indicators – EMA and RTS.
EMA if price close > EMA –> Bull Market
If price close < EMA –> Bearish
RTS give me confirmation Bull Market or Bear Mrket.
Beas until now neutral because price above EMA but RTS below yellow.
If price close montly below EMA change beas neutral long term to >> Bear Market.
If close this month below low of last month (1085.89) win momentum to test EMA 1040.
Chart here: http://3.bp.blogspot.com/_MJqKtyMMr28/S1rtWTHxe...

VIX – The End of the Beginning. Bears are back!

this is a 52% gain on the VIX (weekly). Wow! Bears are back!
Close this week above EMA200 (red) but below EMA55.
Need two consecutive closes above blue EMA (27.86)
will open door to visited 40 first target, possible extension to 45
Chart here: http://3.bp.blogspot.com/_MJqKtyMMr28/S1pPMimIp...

DAX – Weekly – Top with two Bearish Signals

Dax have here a big problem. Bearish divergence with a new sell signal MACD. This is bad…very bad…
Can see last update Daily chart http://followmarketrend.blogspot.com/2010/01/da...
weekly chart here: http://4.bp.blogspot.com/_MJqKtyMMr28/S1o6BVriI...

Big trades for all.

By: Carlos Júlio

Carlos Júlio — Sun, 24 Jan 2010 00:39:49 +0000

I have the same ideia.
You can look to EMA200 to and see avg falsebreak that EMA give me target between 1040 and 995. Just send my 2 cents. VIX, SPX and DAX. Best for all. Cheers!!

VIX – The End of the Beginning. Bears are back!

DAX – Weekly – Top with two Bearish Signals

Big trades for all.

By: philzuco

philzuco — Sat, 23 Jan 2010 14:24:00 +0000

Corey,
Great website. As to your post comparing this slide with other previous corrections since the March 09 bottom, I would argue that bellwether stocks are a good indication that the market is in fact turning south now — in other words, this isn't just another run-of-the-mill pullback. Bellwethers of note: GOOG (just a hair away from breaking its 100-day MA — hasn't happened since March 09), AAPL (closed below its 9-month-long trendline on Friday), GS (wide-range-bar close below the 200-day MA on Friday — hasn't traded below the 200-day MA since late March/early April 09).

In other words, there's a strong indication that this market has run it's course. I'm not short yet, but I'd like to see a one or 2-day retracement on the indices for a golden shorting opportunity.

Keep up the good work on the site!

By: mikevadon

mikevadon — Sat, 23 Jan 2010 00:08:56 +0000

Looks like Cramer is calling the bottom.

http://bit.ly/8Xpib7

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Fri, 22 Jan 2010 20:55:29 +0000

Good point, Argonath!

In a bull market (we are on the daily chart), there are more levels of support to watch, but we've broken a few key ones (moving averages) so we need to watch closely.

We also just turned negative (returns) on the year so that is frustrating to the bulls.

By: Argonath

Argonath — Fri, 22 Jan 2010 20:29:04 +0000

The DJIA lost the current high line that was supporting the last corrections, the situation seems to be more dramatic than the normal waves of the second half of 2009. Of course there alot of important supports that need to be cross, but we need to stay with eyes opened to not let the earnings of 2009 get lost.

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Fri, 22 Jan 2010 18:30:50 +0000

Thanks Diggy!

It's so hard to bet against this bull market, so I want to see critical levels broken - like 1,080 - before thinking this is "the" correction, as this market has shown strong resilience.

But there's a lot of cross-currents going against the market now, so we'll keep watching and targeting the lower levels!

All the best!

By: Diggy - Forexhabits.com

Diggy - Forexhabits.com — Fri, 22 Jan 2010 18:15:27 +0000

Hey Corey!
I found your site a couple days ago and I'm really impressed. It's hard to find good forex blogs and I'm happy I found yours! I'm just doing forex analysis on my own site but I also follow the indices.

I think that it is finally game-over for this massive rally that has lasted 9 months from the march 09 bottom. The rising wedge that it has formed over those 9 months has finally broken to the downside, and as you know rising wedges are bearish. For now my targets on the SP500 are 1080 and then 1050. I have a strong opinion that we will see sub 1000 levels later in the SP this year, maybe even sub 900.

Keep the good analysis coming and it will be good to learn from each other!
Diggy