Luna $ Ticks

October 7, 2008

Piece of Cake

Filed under: Trading SPX SPY — moontrader @ 4:22 pm

From today’s close to SPX 920 is a piece of cake. The target:

We are already in the green rectangle area, which bottom is 960. The 78.6% retracement is around 940, and the target I have is around 920/930. So, anytime soon we might be getting there and I won’t be going long until then.

Today I looked for a short term date projection and here’s what I got:

This is the first date projection to take into consideration the Bottom and Top from the 18th and the 19th of September. Those four important highs and lows shown above point to a date window next week. However, my big bold question right now is: to what extent has the change of rules (shorting and “mark-to-market” suspension) affected the target in terms of price AND time? If the market has gone without these interferences, would we have already bottomed? Probably, panic-style, with a drop maybe around 15% or 20% in a single day. Anyway, it doesn’t matter. I believe we’ll be bottoming soon and the level 960/920 should hold.

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5 Comments »

  1. finally got my Spiral Calndar today
    I’m like 1/3 through

    question – it looks like a backward spiral you doing, right?
    so basically the date is focus point (or focal point) – it does not nesesary means a low or a high as many examples from the book
    show

    should you do a forward spiral instead?

    Comment by Fork_Master_Serg — October 7, 2008 @ 9:01 pm | Reply

  2. i.e page 49 figure 4-7
    4/6/90 date is the focus of backward looking spiral
    but date is not low/high

    page 53 – definition of focus – it say OR turning point meaning it could be BUT IT COULD BE NOT A TURNING POINT

    Comment by Fork_Master_Serg — October 7, 2008 @ 9:07 pm | Reply

  3. Hey Fork, I’m glad you’re reading the book, it’s pretty interesting, isn’t it?
    Ok, at a certain point he will talk about the method he suggests: getting a lot of tops and bottoms, projecting the dates forward and finding clusters. That just doesn’t work. Two: you don’t really need to find a cluster of many dates. Sometimes just one date is enough to find a turning point. And yes, the focus point could not be a turning point. There’s a lot of interesting stuff in there, and his research is extremely valid, but the method to put it into practice has a lot of flaws.
    I like to see his book as a starting point: square root of fibonacci series numbers times a moon cycle. This the most important tool in the book.

    Comment by moontrader — October 8, 2008 @ 6:35 am | Reply

  4. By a personal method and nothing to do with Astro i have some sort of bottom on the 16th as well as the 28th.

    75% accuracy +- 1 day.

    The CAC led on the way down so i’m looking at that index for guidance.

    Comment by Barcode — October 8, 2008 @ 11:20 am | Reply

  5. Barcode, I also have a window towards the end of the month. But I think we are bottoming before. My target of 920/930 in the SPX is getting closer and closer.

    Comment by moontrader — October 8, 2008 @ 12:31 pm | Reply


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