Trade the Cycles

Friday, March 27, 2009

I Got Verizon FIOS Internet/TV/Phone Bundle Installed Today

I got Verizon FIOS Internet/TV/Phone bundle installed today. Stay tuned.

I can say that SPX (S & P 500) was doing Wave 5 down at session's end today 3-27-09, of the inverse Elliott Wave 12345 down up down up down downcycle that began shortly before yesterday's close, see http://finance.yahoo.com/q/ta?s=^spx&t=5d&l=off&z=l&q=c&p=&a=p12%2Cfs%2Cw14&c, and, should fill yesterday's downside gap at 813.88 early on Monday 3-30-09.

Also, broad market Lead Indicator Walmart (WMT) looks like it'll probably fill it's downside gap at 51.68 on Monday (likely severe market weakness early on Monday based on a quick glance/what I know right now), see http://finance.yahoo.com/q/ta?s=wmt&t=5d&l=off&z=l&q=c&p=&a=p12%2Cfs%2Cw14&c=, so, maybe the SPX (S & P 500) monster countertrend Wave B upcycle since 3-6-09 peaked yesterday, though it doesn't look like it from looking at the daily candlestick chart, see http://stockcharts.com/charts/gallery.html?%24spx.

Broad market Lead Indicator Walmart (WMT) has a perfect bearish double top at 53 yesterday and today 3-27-09 on the daily candlestick chart, see http://stockcharts.com/charts/gallery.html?wmt. The intraday chart has a lot of cycle highs at about the same level yesterday and today, see http://finance.yahoo.com/q/ta?s=wmt&t=5d&l=off&z=l&q=c&p=&a=p12%2Cfs%2Cw14&c=.

That's it for now.

.......http://www.JoeFRocks.com/

2 Comments:

  • Great job...I follow your blog regualarly..it has been pretty accurate.

    Instead of spending money on verizon fios phone, think about ooma (u can find it on amazon), its free. Do your DD :)

    By Blogger Unknown, at 11:25 PM  

  • Hi Vicky,

    I wanted to just get FIOS high speed internet, but, the bundle made more sense financially. I'm spending almost exactly the same amount now for internet/phone/TV, and, I get an $150 cash card in two months, so, really I'm spending significantly less.

    By Blogger Joe Ferrazzano, at 10:12 AM  

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