MARCH COMMENTS
Scroll down to view each Comment one by one or
click on the
individual Comment number you wish to view.
Comment number
s for 20010309: 174 175 176 177 178GENERAL COMMENTS
Work like you don't need the
money.
>> >> <<
<<
Love like you've never been hurt.
>> >> <<
<<
Dance like nobody's watching.
1. We always want to be aware of those projected turning points
at Section #s 13 & 14 of the "Prerelease Information" email for
"The 2001 $upertrader's Almanac - 1st Half Edition".
2. We always want to be aware of those "Inversion Cycle Indexes" in the weekly pages of
the October, 2000 through March, 2001 edition of "The 2000 $upertrader's Book of Linear Time Cycles" (projections through the end of the
1st quarter, 2001).
"Trading on the Edge"
E-ZINE
The initial issue of the "Trading on the Edge" E-Zine was released 20001021. Archived copies are available here.
If not subscribed, you'll need to go here.
The October-March edition of
"THE 2000 $UPERTRADER'S BOOK OF LINEAR TIME CYCLES"
So how does one access all those wonderful monthly/weekly "Inversion Cycle Indexes" we've been highlighting over the last couple of years or so in these COMMENTS?
Easy - simply order your own personal copy of the October, 2000-March, 2001 edition of "The $upertrader's Book of Linear Time Cycles" NOW and use the AUTO-RENEWAL plan to save a few extra bucks!
Here's the ordering information (click)!
NOTICE for the April-September edition of
"THE 2001 $UPERTRADER'S BOOK OF LINEAR TIME CYCLES"
I won't be publishing the
"Cycles" books until I am satisfied that the problems created by the
loss of Judy have been cured (see link in next notice). The indexes WILL be available in electronic format (which,
of course, can be printed/charted). As I'm not in position to provide the
normal instructions, etc., therewith, no orders will be accepted
other than for those who already on the "Automatic Renewal"
program.
"THE 2001 $UPERTRADER'S ALMANAC - 1st HALF EDITION"
For info on the new book (info last updated 1219)
(click)
CURRENT COMMENTS
UPDATED 2001030
COMMENT 2001 -
174(Posted morning of 20010308)
1. We posted a few COMMENTS regarding the Dow Jones Industrial Average at the recent stock market lows.
2. What was expected at the time was that the market was about to begin a "C Wave" rally.
3. You can review these discussions in COMMENT #s 161 of 20010228, 163 of 20010301, 165 of 20010301, and 166 of 20010302.
4. As events have turned out, the spot March contract made its low for the last several weeks right in the midst of these COMMENTS as it bottomed on March 1st.
5. This low was not CONFIRMED by the cash index, however, thereby forming an important cash/futures price DIVERGENCE (see pages 171-84 of "The $upertrader's Reference Manual").
6. Such DIVERGENCES are always important to note, as may be seen by the subsequent relative strength in the DJIA versus the other stock market indexes in our instant example.
7. But that was THEN, and this is NOW.
8. Hence, note how the other stock market indexes are failing to CONFIRM this morning's new high of the last couple of week in the DJIA, thereby forming an important inter-complex DIVERGENCE (see pages 171-84 of "The $upertrader's Reference Manual").
9. It is POSSIBLE that these DIVERGENCES are signaling the end of the Wave C advance, just as the cash/futures DIVERGENCES in the DJIA signaled the pending rally at the end of last month.
10. For the end of the rally to occur so soon after the beginning of the advance would be a sign of extreme weakness in this complex.
11. Hence, until such time as the other markets get in sync with the DJIA and CONFIRM the upside movement by moving through the highs of the last couple of weeks, we can use the trading technique presented on pages 236-7 of "The $upertrader's Reference Manual".
12. Since the market has opened strongly to the upside this morning, and since the DIVERGENCE has continued in the other markets, it is appropriate to use these techniques to exit long positions.
13. Reentry to the long side can always be attained should the other markets break through to the upside and CONFIRM the advance in the DJIA.
14. For the aggressive, a reversal to the short side is in order.
15. The expectation is that the Wave C rally will continue higher.
16. In such event, the exit/reversal signals will hopefully not be executed.
UPDATED 2001030
COMMENT 2001 -
175(Posted morning of 20010308)
1. COMMENT #s 142 & 143 of 20010222 were posted right at the peak on 20010221-20010222.
2. This market appears to have just completed a Wave iv of 5 of III high yesterday, 307, and should be in position to move sharply lower.
UPDATED 2001030
COMMENT 2001 -
176(Posted morning of 20010308)
("Prerelease Information" email, Section # 2, Trade #s 84 & 86)
1. Since we're talking about DIVERGENCES, note the markets reviewed yesterday in COMMENT # 173 of 20010308.
2. Note how the market in Trade # 84 failed to break the 20010103 high of the last couple of years or so while the market in Trade # 86 did break the early 2001 price high, thereby forming an important DIVERGENCE (see pages 171-84 of "The $upertrader's Reference Manual").
3. Such action suggests that the analysis and expectations of the last couple of months is still on target.
4. Hence, the corrective rally discussed yesterday is not only of short term nature off the 302 high, but is of much more significant Degree of Trading as it is suggestive of completion of the down-up corrective high from the 103 top to the 302 top.
5. What this means is that
the trading technique presented on pages 236-7 of "The $upertrader's
Reference Manual" can also be used in these markets today to effect market
entry with but minuscule RISK.
UPDATED 20010309
COMMENT 2001 -
177(Posted early afternoon of 20010308)
1. Now we revisit the Dow Jones Industrial Average, this time focusing on the March futures contract.
2. From the 223 low to the 227 high, the market advanced 13 hours (FIBONACCI # = 13).
3. Then declined 22 hours to the 302 low (FIBONACCI # = 21).
4. And has since advanced 34 hours to this morning's high at 10790 (FIBONACCI # = 34).
5. From the 223 low to the 302 low was 35 hours (FIBONACCI # = 34).
6. From the 227 high to today's high has been 56 hours (FIBONACCI # = 56).
7. 69 hours total in the movement (2 X FIBONACCI # 34 = 68).
8. In this structure, and assuming an a-b-c correction from the 223 low to this morning's high, a+b = c in time.
9. The movement appears as an Elliott Wave "flat" in that the low on 302 is a tad below the low on 223 and this morning's high a tad above the 227 high (see pages 283-92 of "The $upertrader's Reference Manual").
UPDATED 2001030
COMMENT 2001 -
178("Prerelease Information" email, Section # 2, Trade #s 84 & 86)
1. This is somewhat of an embarrassing post, since the set up is so obvious.
2. Nevertheless, just in case it's been overlooked, the markets specified in Section # 2 of the "Prerelease Information" email, Trade #s 84 & 86, are set up for short entry today via the trading technique presented on pages 205-9 of "The $upertrader's Reference Manual".
Don't forget to see the above NOTICE regarding the next "Cycles" book if you're planning on using the information therein from April to September.
I've prepared an ascii file of the last trading days, first trading days, last delivery days and so on if you use such information. Just drop an email and request the "day" file. DON'T CALL.
