RE: [RT] Oil & SP-500 Impulse Times

[Pete Lieber <plieber@xxxxxxxxxxxxxx>]

As I said earlier, my cycle analysis measure points in time when various cycles seem to converge.  These points are called impulse days/times.  On these impulse days/times something dramatic usually occur.  Unfortunately my cycle analysis does not and can not quantify direction.  For one like me who depends a lot on volume analysis to make buy/sell decisions, commodity-based ETF's such as USO are particularly difficult.  As to the direction of the S&P Friday I would only make a call to its possible direction on Friday morning.

To illustrate I'm attaching two previously sent charts that had two cycles converging around November 4, 2008 (Note: I later hedged a bit and said that I had signals for Nov. 5).  In addition, I'm sending a third chart which shows three predicted impulse dates, which I sent to this group, and what occurred on those days.  All three happened to call intermediate tops or bottoms in the S&P.  Impulse days don't always work out that perfectly.  Take my Oil and US Dollar impulse calls.  The predicted Oil "event" was laughable and absolutely nothing happened with the Dollar.  This tells me I should stick with daily not hourly stock market index calls.  To that end, I'm getting hits for both the S&P and DJ for December 23, 2008.




Pete

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To: realtraders@xxxxxxxxxxxxxxx
From: nsite@xxxxxxxxxxxxxx
Date: Wed, 3 Dec 2008 18:52:50 -0600
Subject: Re: [RT] Oil & SP-500 Impulse Times

What type of cycle analysis and what do you mean as far as something to happen?

 

 

----- Original Message -----

From: Pete Lieber

To: realtraders@yahoogroups.com

Sent: Wednesday, December 03, 2008 9:08 AM

Subject: [RT] Oil & SP-500 Impulse Times

I called for yesterday to be an impulse day for the oil ETF (USO).  Though USO closed at the low of the year I wouldn't call it an impulse day, so I ran the cycle analysis on the USO 1-hour chart and it's calling for something to happen around 11:30 a.m. today (1-1/2 hrs from now).  We shall see.
 
In addition, I ran the cycle analysis on the S&P 1-hour chart.  It is calling for something to happen around 12:30 p.m. Friday.  Again we shall see. 

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