QQQQ Trendline and 93 TD Vibration on NDX

My previous post includes a chart showing potential price resistance in the Nasdaq around the 2517 area http://markettime-patterns.blogspot.com/2010/10/nasdaq-reaches-price-projection.html .

Posted today are a few charts showing more analysis that's leading me to think the stock market may be making a top. If the 93 trading day vibration continues to mark turns, we shouldn't be surprised to see a spike up and reversal down on Monday 11/1/10. Looking to add to shorts with stop remaining at 2540 for now.

Kim Rice 10/31/10

Nasdaq Reaches Price Projection Confluence

Three different projections from multiple swing points all converge for a potentially important confluence in the 2516 area (+/- a point or two). Since that is the area of the high today, I wouldn't expect prices to move significantly higher from here if this confluence is important. Shorts could be entered with stops at 2540, which is 5 points above the April 2010 high. Time cycles are also lining up around the 28th/29th for possible reversal. Note that 11/17/10 looks to be very important in currencies and stocks and, at this point, I have no idea on polarity.

Kim Rice 10/28/10

Cotton: 2249 Trading Day Vibration

I see cotton has more or less been trending with the stock market since the Nov 2008 lows. The chart shows a 2249 td vibration that may or may not mark a reversal in cotton. Though the CIT date is due at end of Oct 2010, due to the length of the cycle I would give it some room, probably to around mid November. If it hasn't marked a significant reversal by then, I would say this cycle is being overwhelmed by the sea of fiat money the world is creating to keep the system afloat. We'll see soon enough.

Kim Rice 10-24-10

Gold: Is the Recent 1388 Peak Important?

I posted some analysis recently on gold, showing several potential near and long-term targets based on linear and log scale charts: http://markettime-patterns.blogspot.com/2010/10/gold-potential-projections.html

Now that gold has recently peaked in the 1388 area, I thought I would do some analysis on that price point. Here's what I found:

• Range of Feb 2010 L to Jun 2010 H = Range of Jul 2010 L to Oct 2010 H @ 1388.
• Range of Feb 2010 L to Oct 2010 H @ 1388 is .618 x the range of the Oct 2008 L to Dec 2009 H.
• Range of Jan 1970 L ($35.00) to Jan 1980 H expanded by 61.8% = 1389 as shown in the chart.

I still think 1450 area may be important per my earlier analysis; however, this 1389 area looks just as important for different reasons.

Kim Rice 10/24/10

Possible Targets for Apple

I took a look at the long and short-term chart of AAPL, since, due to its weighting, it almost single-handedly is running the NDX up. I found multiple projections pointing to 328.50 to 331 range. There was one projection in log scale that pointed to 315, essentially the high of 10/15/10. So if AAPL hasn't peaked yet and needs to climax after earnings come out AH 10/18/10, it should run into resistance near 330. If it moves above 335, the next projection I see is a possible run to 360.

Kim Rice 10/17/10

More on Currencies

Thought I would post a chart showing some trendlines and a potential time square completing on the Canadian Dollar. The Aussie Dollar, in addition to the long-term trendline coming in around 99 area, has what appears to be some import fib price projections to the 99 to 100 area.

Kim Rice 10/14/10

Natural Gas Analysis

Natural gas may be approaching a low between now and mid November. Comments and analysis are on the charts. The first chart is a zoom in on the last few years price action. The second chart is a long term view.

Kim Rice 10/10/10.

Australian Dollar Analyis

The Aussie continuous nearby futures chart is approaching a long-term trendline. Additional comments are on the chart.

Kim Rice 10/10/10

Gold: Potential Projections

Posted are a few long-term charts of gold with comments and potential price projections based on arithmetic scale and log scale continuous nearby futures contract. In the nearer term, if we close above 1360, I suspect gold will have important resistance at 1450 to 1500 area. The longer-term, higher projections are only in play if we eventually break out significantly above 1450 to 1500 area. Though not shown on the charts, I do have some important cycles (presumably lows) due in early March and late May 2011.

Kim Rice 10/10/10