Morning View 19 Feb 10

(Z)
S&P 500 mini Futures (180 min.)

“c”
(b) This is a “futures” chart. The model I get with the futures is similar to what we see with the cash chart, but a little
different. There’s still no way to count out the overall move lower as an “impulse” of any kind, but on the futures it’s
easier to make a case for a concluded corrective move at the early Feb lows of 1040.75. After the close the market
found good selling interest at the 61.8% retracement--funny that the Federal Reserve announces a rate hike at the
EXACT 61.8% retrace. When I count the waves up from the 1040.75, it has the look of a (b)-wave triangle that was
(a) followed by a strong impulsive (c)-wave. This impulse “may” be complete, but when I examine the waves, it looks
like we could be in a micro wave [4], which calls for one more little wave [5] to fully TEST all the 61.8% sellers…..
[2]
[3]?
[1] -x- [c] (b)

[4] [e]
[a]
[4]?
[d]
[3] [d]
[b] [1]
[5]
(c) [2]
(a)
-w- alt: [e]
(a)
[b]
The “alt” case is that micro [e]-wave concluded a little [e]

later and we have a completed move at 1107. Either [c] (b)
way, we seem to be nearing, or already finished, a [a]
completed corrective wave higher.
(c)
-y-
a or w
Andy’s Technical Commentary__________________________________________________________________________________________________

Dollar Index (Daily)
“b”
89.62
I like the DXY longer term, and it still has not showed any real signs of peaking action,
(A) but it’s now getting closer to some longer resistance objectives that were identified when
the move began at 74.33. The 61.8% of “b”=“d” target is 81.70 while the 50% retrace of
the last big drop is at 81.90. This will likely be a tough “nut to crack,” especially with the
high levels of short interest in the Euro, Pound, and Swiss Franc.
“d”
z
81.90 (50%)
x y
x
w
w x “e”
77.69
(B)
“a”
x
y
74.33
z of “c”

Head
Ten Year Note Futures (240 min)
Left Shoulder Right Shoulder
Target
I’ve shied away from charting the 10 year or 30 year notes/bonds lately because I don’t have a good
way of charting the interest rates (on a continuation chart). I can only chart the futures instruments
and wave-counting maturing debt derivatives is probably impossible. I’m pointing out this chart this
morning because the head and shoulder topping pattern is too obvious to ignore…..

DISCLAIMER WARNING DISCLAIMER WARNING DISCLAIMER
This report should not be interpreted as investment advice of any

kind. This report is technical commentary only. The author is Wave Symbology
NOT representing himself as a CTA or CFA or Investment/Trading
Advisor of any kind. This merely reflects the author’s "I" or "A" = Grand Supercycle
interpretation of technical analysis. The author may or may not I or A = Supercycle
trade in the markets discussed. The author may hold positions <I>or <A> = Cycle
opposite of what may by inferred by this report. The information -I- or -A- = Primary
contained in this commentary is taken from sources the author (I) or (A) = Intermediate
believes to be reliable, but it is not guaranteed by the author as to "1“ or "a" = Minor
the accuracy or completeness thereof and is sent to you for 1 or a = Minute
information purposes only. Commodity trading involves risk and -1- or -a- = Minuette
is not for everyone. (1) or (a) = Sub-minuette
[1] or [a] = Micro
Here is what the Commodity Futures Trading Commission (CFTC) [.1] or [.a] = Sub-Micro
has said about futures trading: Trading commodity futures and
options is not for everyone. IT IS A VOLATILE, COMPLEX AND
RISKY BUSINESS. Before you invest any money in futures or
options contracts, you should consider your financial experience,
goals and financial resources, and know how much you can afford
to lose above and beyond your initial payment to a broker. You
should understand commodity futures and options contracts and
your obligations in entering into those contracts. You should
understand your exposure to risk and other aspects of trading by
thoroughly reviewing the risk disclosure documents your broker is
required to give you.

Morning View 19 Feb 10

Uploaded by

Copyright:

Available Formats

Morning View 19 Feb 10

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Morning View 19 Feb 10

Uploaded by

Copyright:

Available Formats

(Z)

S&P 500 mini Futures (180 min.)

[1] -x- [c] (b)

The “alt” case is that micro [e]-wave concluded a little [e]

Andy’s Technical Commentary__________________________________________________________________________________________________

Andy’s Technical Commentary__________________________________________________________________________________________________

Andy’s Technical Commentary__________________________________________________________________________________________________

This report should not be interpreted as investment advice of any

You might also like