SP 500 - Law of nature

       I can't claim myself as a bear at heart.  I can't afford to be extreme bull or bear in these volatile markets, so we need to be very flexible, turning from bulls to bears and the opposite often.
       The current market is really overbought, but actually trading overbought or oversold market without confirmation is a really looking for trouble.
       I wonder what is the particular reason, which holds the price so high and so long. According to my EW count there are five impulse waves already completed. Gann's calculations showed  me Mar 26 2010 as a mid top. Full moon cycle (Mar 28 2010) freaking all, passed away. What left? Maybe the extreme and naked optimism. But as we know the market needs pure cash, not optimism. Yesterdays volume was only 0.9m, which is peanuts money.  What left? - only optimism.
        As we know, every movement in the market is the result of a natural low and a cause, which exists long before the effect takes place, and can be determined days, weeks, months and years in advance. The future is a repetition of the past. Every move is a result of action and reaction. There is nothing new under the sun.
        Again, the market never likes to make the things easy for anyone.

Probably today will be the reversal day for correction (reaction), keeping the price 1180.69, made in Mar 25 2010 as a mid top.
Good luck!

S&P 500 Bull's herd needs a break

        Please Bulls, don't offend because of the title, I am medium term Bull too. 
I can put my hand at my heart and say -this top is not P2 or B yet. 
        In March 24. 2010 I made diffident try to mix EWTheory & Gann Theory, and it was very close-1 day and 2.94 pts, as I mentioned taking the bottom made in Feb 05.2010 only. Then I also painted potential triangle for the next few months before the final bullish push. Probably it could be a different formation-corrective as well.
      Yesterday I made few more calculations. This time I took the Mar25.2010 and 1180.40 as a potential top, and got some results as dates and price levels. These levels perfectly fit to the Fibonacci -38.2% and 50.0% of the potential (a)  wave of the last "zig zag", which we should see next months. To tell you the truth, I am really curious to see the results. Can you imagine how powerful market weapon could be constructed, combining both theories? 

     P.S.- The green vertical lines are dates in April.

SPX 500 Very short term

    Today I made time and price calculations about SP-500. These very short term calculations were based on the GANN Theory  mainly and the EWP. My last few months dream is a combination between the EWP and the GANN Theory. I have tried many times before, but hopeless. Gann is very difficult( for me) to be understood. The calculation pointed price 1177.75 or 1187.58,which is at 360 degrees angle and date -03/26/2010  or the day before or after that date as a reversal time point.
                 I know, that many of the EW followers will say- tell us something we don't know! Yes,but that was according to the GANN Theory only, taking  the 02/05/2010 -1044.50 bottom ONLY.

SPX - Some thoughts

That is the best count  I can suggest about the grand picture. The look to DJIA similar as well.

 The price is getting weak and diverging  according to MACD and few more technical indicators on 4 hour base. Sometimes, when the wave structure is difficult to recognize I use technical indicators mainly, until the picture gets more clear.

On daily base, I really don't know what is the next formation type- (contracting triangle, expanding triangle, flat or any complex), but I am sure, it we will be a great challenge for the traders. Now the price will need  longer time (few months) to have a break before the final bullish push. 

Probably some of you are thinking  that I am talking  nonsense about bull markets and such stories. In December 2009, when I noticed something rotten in the bearish case the bulls were very few.

Some of the EWP followers are on the way to screw up the real meaning of the Elliott Wave Principle. These guys were calling and believing in the EWI crash wave 3 and "going all in" are not respecting the price action. 

 Yes, the bull market is a fact. I can't count any impulse up at all, but however, the market is up.

Let the force be with you :)

S&P 500 Very short term

We  have 5 clear impulsive waves dropping down.The corrective move looks almost done. The signal for one more move down is very reliable.

Good luck!