The Zoran Project

Notice to Oz readers: I will be in Sydney the first week of November, and am arranging to meet some of the followers of Zoran Gayer's work. I think it is possible to computerize a lot of the advanced Elliott Wave thinking of Neely and Zoran, and will be there to start an effort to do so. If you would like to join a group discussion of how to carry on his work and take advantage of a computerized Zoran predictor, please contact the Sydneyite who is helping me, Charlie Weress: charlie_weress(at)hotmail.com 

Comments

[Mike McQuaid]

NDX daily, tagged golden mean retrace of '07 high to '08 low today while painting a gravestone doji. This is an inflection point and now we'll see what the market wants to do.

[Michael Locker]

Yes, it painted a gravestone doji or, as we used to call 'em in the shops, a double reverse head-and-necktomy. Plus, the golden mean retrace is telling us that this inflection point may just be the last before a "Pyromaniac's Delight" sets up for 2010. Closely related to, but only complementary to, the Hindenburg Omen, it means a fierce interspersion of gentle cascades and shallow upward thrusts.

We shall see. Right now, I am standing aside. I will stand inside next week and outside if things begin to heat up in the A/D line.

[twitter.com/Frac_Man]

Sunday October 25th
1:04 pm

E-mini Nasdaq 100 Index Futures December

1752 Stop ( very tight ) to go Long on the Open

1752 was the Close on Friday ( 0 Risk for a night / day trade )

A Lower Open is a Scrub <<< Reversal

Parent 30 m Bottom at the Friday Close <<<

Child was 9/29

[Mamma Boom Boom]

Impressive display of weakness, this morning.

[twitter.com/evil_speculator]

I'm extremely interested in becoming part of that dialog. Called these guys a few months ago and was hoping to connect with those guys in person as well. Anything you are willing to share would be highly appreciated - please email me at admin at evilspeculator dot com.

Cheers,

Mole

[twitter.com/evil_speculator]

I forgot to mention that I'm also a mean coder - so, if you are planning to computerize/automate some of Zoran's work I'm there to help.

Mole

[Mamma Boom Boom]

>>I forgot to mention that I'm also a mean coder<<

After a two mile run I'm a mean oder.

----------------------

Volume picking up on selling.

[Mamma Boom Boom]

Can't tell for sure, but probably get a bounce tomorrow.

[Account Deleted]

The USD spike today looks like a small impulse wave out of a choppy diagonal triangle bottom. It is probably a kickoff call for a new and major uptrend.

If so, this will be the death knell for all commodities and most foreign currencies, energy and materials stocks.

[Frank C]

Ned, you can't tell for sure? Really??

[Cary Lloyd]

Hi. Bear about to re test low pressure rise under huge move

[Virginia Jim]

Here's a quickie update on the 1929-1987 Spiral Calendar Analog that I proposed in September.

July 11, 2009 was a successful prediction for the “significant low” of the Analog (July 10, a Friday was the significant low).

October 16, 2009 is tentatively a successful prediction to within 1 trading day (Monday, October 19 was the highest DJIA closing high to date).

The remaining SC dates are November 23, 2009 and December 10, 2009 (ignore the “First bottom on the attached computation; it's there only as a notation):

http://www.screencast.com/users/Virginia_Jim/folders/Jing/media/7b53d6e5-b6ca-49e8-ab14-c95f07ded5a3

The chart analog is looking like the following (red arrow is the “significant low” and correlates the 3 years and the green arrows are the “final high”):

http://www.screencast.com/users/Virginia_Jim/folders/Jing/media/43e0aeed-5fb5-45cb-85e3-254b4d60cfcd

I’ll continue to update until the Analog, in all likelihood, fails.

Jim

[Mamma Boom Boom]

>>Ned, you can't tell for sure? Really??

Posted by: Frank C <<

If I were to say for sure, I'd have to charge you, Frank.

[Cary Lloyd]

Id pay for predictions that come true

[Michael]

Jing,

I'm watching and trading several energy names ( drillers, coal miners, etc ) and they are simply moving down to 21-day MA support. In fact, some of these names have appeared to have made a low for the day as the SPX has once again retested the 1061 area. The FXE has thus far retraced 50% of the move off its Oct. 1st low. If the FXE can hold the 147 level, then we will most likely see yet another rally in the commodity type names.

[Account Deleted]

Hi, Michael:

Good observation. The USD impulse wave from Monday is close to completion - it is mapping out the final details of the 5th wave.

In the meantime, the Crude wave pattern does not look complete. Actually I think Gold is in the same camp, but Crude is especially so - it is missing a final small 5th wave top, and its breakdown so far is not severe and still allows a blow-off top 5th wave.

So what happens is that probably Wed, the USD will start to come down to test its low in a 2nd wave correction, while Crude will have its 5th wave blow-off run. This Crude top will probably coincide with USD 2nd wave low, which also happened last year when Crude made its all-time high.

In other words, my preferred count still says USD has bottomed. :)

We will see what the Market says. :)

[Account Deleted]

Hi, Michael:

Similary, when USD comes back to test its 2nd wave low, DJIA will probably rally to make a new high.

This new high will be a golden opportunity to see if other indexes confirm DJIA. For example, DJTA, BKX, RUT. If they don't confirm, then the bearish case will be strengthened.

Btw, the NYSE culmulative A/D line has come down a lot. So the bearish case is gaining momentum.

Personally, I am only switching my Canadian funds to US funds at this moment. I will start buying USD ETF (UUP) once the USD can hold its supposed 2nd-wave bottom.

[Hank Wernicki]

Bob P did away with the E software decades ago ..

6:29 pm ( evening session )

Risk 2 points, go Long on the ESZ9 @ 1062.19

Stop is 1060 <<< on a 120 minute chart <<<<<<<

Risk is $100.00 per contract ( acceptable )

[Al Roker's buddy's brother]

I don't get it. Hank you were calling for a huge drop. Whuhappened? Were you wrong or are you trying to scoop up a little upmove before a big drop?

[Taz]

While I am not 100% confident a top is in, we have what looks like a contracting triangle to terminate the entire corrective rally off the March low. Market has fell heavily post completion of triangle. It is within a few points of the measured move from the triangle suggesting we may rally shortly here in OZ and more importantly the top may be in.

Taz

[Taz]

The above applies to OZ based on Neely methods.

Taz

[Account Deleted]

For those of you who are interested in the latest USD wave count, you can see this article with a nice chart:

Both short term and long term wave patterns strongly suggest that the US dollar has made its 2009 low. It is time to buy the dollar on dips.
http://www.dailyfx.com/forex/technical/elliott_wave/eur-usd/2009-10-27-1723-Euro___US_Dollar.html

I share the author's opinion as well.

[Mike McQuaid]

SPX Oct 2-15 rally is correcting 62% to 1049 while tagging the lower trendline crossing the March and July lows. This is a good spot for a reversal.

[teaf]

right its make or break right here - interesting there are no bears jumping up and down... (hmmmmm......)

[bears]

>interesting there are no bears jumping up and down... (hmmmmm......)

I thought it was bulls always jumping up and down about bears (instead of making money). 1045 has been known target, and bears took profits.

[Mamma Boom Boom]

I read the report Neely put out on Monday. Poor guy seems as lost as ever. Consider this [If the S&P began an expanding triangle following wave-(A), then this
week’s decline is a “false start.” If the
neutral Triangle is correct, a multimonth
decline has begun.]

Just goes to show you how tough it's been to negotiate this market.

http://www.bushongbusiness.com/webbbs/index.cgi?noframes;read=18282

[poor guy]

Ned
Neely is not literally "Poor guy". Even after he's been wrong, he still sells more subscriptions than you do(will ever do).

[Mamma Boom Boom]

Can't tell for sure, but probably get a bounce tomorrow.

[Stunned]

Can't tell for sure??? Are you kidding me???? YOU CAN'T TELL FOR SURE???????

[Virginia Jim]

1929-1987 Spiral Calendar Analog update.

July 11, 2009 was a successful prediction for the “significant low” of the Analog (July 10, a Friday was the significant low).

October 16, 2009 is tentatively a successful prediction to within 1 trading day (Monday, October 19 was the highest DJIA closing high to date).

The remaining SC dates are November 23, 2009 and December 10, 2009 (ignore the “First bottom on the attached computation there only as a notation):

http://www.screencast.com/users/Virginia_Jim/folders/Jing/media/a95adbeb-1a8b-485f-ade7-d0f0922b346e

The chart analog updated through October 28 follows (red arrow is the “significant low” that correlates the 3 years and the green arrows are the “final high”):

http://www.screencast.com/users/Virginia_Jim/folders/Jing/media/7ee0a0f3-915d-49ad-b203-a90317041545

If 1929 or 1987 first wave decline’s are indicative of the first wave that MIGHT be occurring now, then this decline will be between 20% (1929) and 10% (1987) from the “final high”:

http://www.screencast.com/users/Virginia_Jim/folders/Jing/media/7b53d6e5-b6ca-49e8-ab14-c95f07ded5a3

I’ll continue to update until the Analog, in all likelihood, fails. Any corrections would be appreciated.

Jim

[Patrick]

thx, jim

[Hank Wernicki]

Major Reversal on the Open today .. ES was a night trade

Dollar Reversed at the same time ...............

This is a major event today

[Mamma Boom Boom]

>>Can't tell for sure??? Are you kidding me???? YOU CAN'T TELL FOR SURE???????<<

If I were to be 'sure', I'd have to charge you. But, since it is now today, you can see for yourself. Say thank you, for the freebie.

[Ned Fan]

Aw, Ned, shucks, your post says 6:56 am.

But I trust you 100%. The next time you're sure BEFORE the fact, I'll act on it.

[guts]

Ned
Many people had guts that market would bounce today. Guts...
You need to develop some system if you want to stay in the business.

[Mamma Boom Boom]

Ned Fan.....As you can see, the clock on this forum is wrong and has been for a very long time. I left that post at around 5PM yesterday.

--------------------
guts is nuts.....Long time ago, I developed an indicator that day traders would kill for. Besides, if you had any idea of what your talking about, you would know that giving stock tips is not my business.

Hope that helps!

[Charles Irving "The Tape" Taplinger]

I have been in this business for 87 years and I've seen a lot, Black Fridays and Mondays and Tuesdays and even a Black Wednesday that few people remember. I have never seen a market this frothy. Ever. I'm going to die now but I wish you all the best and, remember: Money isn't everything. Tell your family you love them.

[guts]

>giving stock tips is not my business.

Nobody wants you to give stock tips, but you are doing it. That's the point you do not get.

[DG]

Long time ago, I developed an indicator that day traders would kill for.

The only indicators a trader needs are price, time and logic. Everything else is just subjective.

[Account Deleted]

Looks like USD is tracing out an expanded flat correction, down to test its year low. All the other markets are rallying in the meantime. This will probably take a few days.

Most notably, Crude is likely going for its blowoff run to the top. Gold probably also. They will be the last holdouts and champions of this great bull market of everything (except USD and YEN).

DJIA is also relatively unscathed and may run for a new high. If so, the other stock indexes are too beaten down to confirm it. This scenario, if come true, would be a rallying cry for bears to go short.

After this run is over, the 3rd of the 3rd should be upon us. We will see if this turns out true.

[Michael]

All of the "Perma-Bears" just sawy their 1-2, i-ii count get blown out of the water with today's push back up in the Dow Jones thru the 9917 area from Oct. 22nd which was the alleged Wave 1 low. Ooops!

:)

[bear theory]

Michael
Real question is are you making money, not the perma-bear theory. Most bears I know took profits yesterday.

[Michael]

Yes, I am making money after having bought all of the coal, mining, and drilling names after the opening this morning.

However, I think that you are sadly mistaken about Bears having taken profits yesterday. I seriously doubt that ANY Bear would have taken profits yesterday after 91% of the volume on the NYSE was downside volume AND the breadth was 7:1 on the downside. Those are incredibly negative numbers and would have only made a BEAR that was short even more confident of STAYING short.

[bear theory]

>I think that you are sadly mistaken about Bears having taken profits yesterday.

Yes. I took profits yesterday, and all people I know of took profits yesterday.

[Tom CZ]

EURUSD getting to lesser 4th at around 1.4845 - low risk to try short as thats natural stopping point for 2nd retrace with stop around 1.4885 expecting sharp thrust down in 3rd if count right.

[Michael]

"Yes. I took profits yesterday, and all people I know of took profits yesterday."

And why would you (or other bears) have taken profits given that breadth was 7:1 negative and downside volume was running at 91% yesterday on the NYSE all confirming a "break-down" in the averages?

Hard to believe.
In fact, I don't believe you at all.
:)

[bear theory]

Here you go. Now stop bugging people, and get back to your trading.

>interesting there are no bears jumping up and down... (hmmmmm......)

I thought it was bulls always jumping up and down about bears (instead of making money). 1045 has been known target, and bears took profits.

Posted by: bears | Wednesday, October 28, 2009 at 08:46 AM

[Michael]

"1045 has been known target, and bears took profits."

Really now?

Please feel free to explain why 1045 was a "known" target and be specific about how that level was deemed technically significant based on technical analysis?

I bet you are unable to do so.

[bear theory]

Michael
I do not understand why you bears cannot focus on making money, instead of focusing on bears. Any idiot who can draw lines and prior to GDP release took profits yesterday. And wait for re-entry.

[bear theory]

Michael
I do not understand why you bulls (except for a few, e.g. the other Mike) cannot focus on making money, instead of focusing on bears. Any idiot who can draw lines and prior to GDP release took profits yesterday. And wait for re-entry.