Comments on: Will Current Repeating SPX Cycle Predict Future?

By: A Different Look at Recent Breadth Divergences | Penny Stock Trading System Blog

Tue, 24 Nov 2009 11:58:47 +0000

[...] “Will Current Repeating Cycle Predict Future for S&P 500” to see inside this cycle in the 60min frame. [...]

By: A Different Look at Recent Breadth Divergences | Afraid to Trade.com Blog

A Different Look at Recent Breadth Divergences | Afraid to Trade.com Blog — Mon, 23 Nov 2009 20:33:59 +0000

[...] “Will Current Repeating Cycle Predict Future for S&P 500” to see inside this cycle in the 60min frame. [...]

By: * Fibozachi *

* Fibozachi * — Sat, 21 Nov 2009 04:02:15 +0000

'3 strikes and you're out.' Guessing that it's done. Great highlight Corey; note how the VIX has seen a very similar xx/02 each month (VIX and SPY each had two or three 21 day harmonics in there as well, yet VIX has been screaming something different of late. Hopefully, Robert Miner and Pesevento & Jouflas are smiling at each of us.

http://tinyurl.com/ye6wmgh

By: Shuaib Arshad

Shuaib Arshad — Sat, 21 Nov 2009 00:46:40 +0000

My observation is that price movements do not repeat similar action more than thrice, meaning third time is usually the last, the side which has been winning gives up and other side successfully breaks the trend (of course there are exceptions), and this shows up very clearly as MACD divergence. Hence my speculation is that this is the last time we are seeing such regularity.

One more argument against continued repetition is that now a lot of traders have observed this pattern and at least some of them will assume that it will repeat and trade accordingly. When something becomes so plainly obvious, it hardly ever works.

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Fri, 20 Nov 2009 23:40:48 +0000

Thanks Rd for the catch! I changed the number.

It's so crazy that this has held up so consistently - I can't remember seeing such a clean short-term cycle (and I'm not usually a cycle person).

All the best!

By: Rd99Hse1

Rd99Hse1 — Fri, 20 Nov 2009 23:34:39 +0000

I think you meant to say a pullback to the 1045 level, not 1145.
Good post. And I've been following your 8.41 measured move cycle, too.
Works!

By: * Fibozachi *

* Fibozachi * — Fri, 20 Nov 2009 22:02:15 +0000

By: Shuaib Arshad

Shuaib Arshad — Fri, 20 Nov 2009 18:46:40 +0000

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Fri, 20 Nov 2009 17:40:48 +0000

By: Rd99Hse1

Rd99Hse1 — Fri, 20 Nov 2009 17:34:39 +0000

I think you meant to say a pullback to the 1045 level, not 1145.
Good post. And I've been following your 8.41 measured move cycle, too.
Works!