Sep 27

This move up is too strong for yesterday's micro-count (the 15-min chart) to be correct. Here is my revised count:

Sep 26

Current thoughts:

Sep 25

See Thursday's post for what I think is happening: Sep 20

Yesterday morning the 60-minute System issued a sell signal (https://twitter.com/binve01/status/250225758616838144) and today has the look and feel of a breakdown. I think we will be correcting for the next couple of weeks.

Sep 20

I think this might be what's going on:

Sep 19

I occasionally go back and look at my monthly charts and today I was looking at my SPX monthly chart. Here it is for any one that is interested. I still don't think we have seen 'the top' / end of this cyclical bull market. Still no divergence on the monthly MFI for the last series of peaks over the past year. Read this chart below in conjunction with my most recent long term projection (with lots of links to previous long term projections): Update on Long Term Projection (08/17/12)

Sep 16

Here is a look at some indicators on my Daily chart as another reason why I think we have more upside for weeks/months before we have a meaningful correction.

Sep 14

Based on the recent strength, I don't think we are near the top of this Minor degree wave up. I think the market may try to pause and consolidate the breakout, but I think we will have another slower move up before a Minor degree correction.

Here are my current thoughts. And for how this fits with my most recent long term projection, see this post (with lots of links to previous long term projections): Update on Long Term Projection (08/17/12)

Sep 12

I am back. The market churn turned out to be consolidation and the market broke higher. Daily and 60-min systems are still on buy signals.