[RT] RE: Just for the Heck of It

[Pete Lieber <plieber@xxxxxxxxxxxxxx>]

Looking at a 30-minute SP-500 chart (see attached), I was one bar off from my 2:30 p.m. impulse prediction for the S&P and one bar off of a QQQQ and NDX impulse prediction.  The Yen ETF - FXY - gapped up yesterday and finished the day at its highest closing price of the year.

Let's see what happens to the Dollar Index (DXY) and Oil (USO) today.

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From: plieber@xxxxxxxxxxxxxx
To: realtraders@xxxxxxxxxxxxxxx
Subject: Just for the Heck of It
Date: Tue, 25 Nov 2008 23:58:37 -0500

I applied cycle analysis to an SP-500 - 60-minute chart and got a few hits for 2:30 p.m. on Monday. December 1.  By the way I'm getting hits for this Friday (11/28) for the QQQQ and the NASDAQ-100 (NDX), though not for NASDAQ Composite.  Though I'm not getting any daily hits for the SP-500 & DJIA, I applied cycle analysis to thier UltraLong ETF's (SSO and DDM).  I reasoned because they are more volatile that they they tend to magnify smaller cycles in the underlying index. Sure enough they both yielded the same impulse day - 12/11.

Also, look for big happenings for the currencies, silver, and oil for next week.  Here are the following impulse dates for these ETF's:

US Dollar Index (DXY)- 12/02
Yen (FXY) - 12/01
Oil (USO) - 12/2
Silver (SLV) - 12/4

Note: I get a hit for the Gold Miners ETF (XAU) for the 12/1, but for Gold itself (GLD) not until 12/12.



Pete
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