20/20 in the hindsight? BS!

There is a saying that we are all smart in the hindsight – I would like to challenge this statement by presenting this chart and accompanying it with saying “Based on this SPX chart I closed shorts and went long”

Will I sound like a smart a..  does not matter .. who appear here just to say: “I DID that” (instead of “I WILL do that”)

Judge by yourselves

 

Again I went long based on the daily chart of SPX on the market close of April 19th

 

 

Now – ask me: “what the hell is wrong with you maaan???”

What did you see in this chart to go long????

Nothing “with me” – but something is..not “wrong” but different with this chart as compared to the very same chart created on April 19th – some, most curious of you already spotted date of the TOP chart – APRIL 20th)

 

 

Yeah – now you get it – Buy Setup COUNT IS GONE on April 20th

 

Well, nothing new here – deception is the name of the game here and we have to expect just that… to be deceived by … everything…everybody…famous Russian dark paranoid soul ringing alert bells….

Will it become triple bottom of a kind?

Watching that magical blue line that made me hefty amount of money on my last big short position back in Jan/Feb – when I was getting multitude of emails from “I told you so” stray trolls crowd – now I will be watching it again.

As I said on DISQUS thread (visit Trading to Win to participate – everyone is welcome) “I don’t know if I want to be short this market right now, but I don’t want to be long”

 

Back in the USSR

We don’t know how lucky we are…yeah…we are – here in USsA.

Well, first time in over 20 years I step my foot on motherland and only then I realized how little I missed it, from now on I will be bitching a little less about Socialist States of America – because I just had some refresher to my memory served and I know once again…it could be worse – I could still be there…or it could be raining.
Enjoy few pictures from one of the most beautiful cities on Earth.

Irony in charting

Sometimes, when I bring up old charts with trendlines that have been living on these charts for a long time, for so long that I cannot even recall then reason why they got on the chart on the first place, it is nice to see market behavior when such trendlines are touched.

 

Two bigger yellow trendlines ( outlining “horn”) were on that chart since the beginning of 2010 and the one in the middle was drawn in October 2010.  Dumb luck again, but that was a big part of my decision to ease down on short (long puts) position I was holding.

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SPX Weekly Update

Roller Coaster Ride

 

We wished for some action – we got it, some think we’d better be careful what we wish for next time.

15 minutes SPX chart looks similar to ER chart of the patient having ceasures and I am glad I was not anywhere near it.

 

 

4 hours chart still hints on potential wave A, I will not discount possibility of wave 5 being extended.

S&P500 monthly, weekly

Not quite certain how many of you (even regulars) still remember that charts galore posted back in the August of 2009

 

SP500 DeMark D-Wave   http://trading-to-win.com/Roadmaps.aspx

 

 

Lets see how TDST lines predicted the future back in the dammed past

 

Monthly – the first real resistance was and still is in 1400 area, we did have a pulback/flashcrash which “magically” released pressure from overbought market and let it get back in the way – I did worn about it comparing that flashdancing market with the crash back in 1997 during Asian Currencies Crisis after which market skyrocketed with no other real reason, but proclamations of “new economy” – and we are having “CHANGE” now—just as good of a reason for idiocy as anything else.

Now – the weekly chart…twice, second one zoomed – annotated and self explanatory. And it just completed week 13 of TD Sequential Sell Countdown.

 

Take a deep breath

Market just did – nothing goes up or down in the straight line…I stand corrected – nothing goes down in the straight line…until the bottom falls off.

 

SPX 4 hours chart, Buy Countdown is in progress – and I am really tempted not to close my long puts on Friday (I always tend to step out of profitable trade way too early after witnessing even temporary devastation, I am a firm believer that “good trade has to be in green right away” – and, I leave a lot of money on the table when I cannot contain my “I love the sound of cash in the pocket” way of thinking.

 

For now – 1270 is my target – then I will reevaluate

 

Just a few charts

Getting some break here – long puts accumulated in the period from Jan 19th to Feb 8th are back in the green (for how long?)

 

Looking at SPY daily – it is hitting –133% line on the pitchfork and bounce possible, but keep in mind – if it breaks…well second chart of AAPL will tell you what it will looks like “IF it BREAKS”