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Zero Revelations

by The MoleMay 27, 2010

I just figured out a something I believe is quite exciting (if you can call it that) on the daily Zero. Something I should have seen a long time ago, sorry. My only excuse is that my Zero charts mostly run on my 2nd TOS account and for some reason there has been daily data missing (thanks again TOS!). I just pulled it up on my other account and what I saw is surprising in terms of clarity. As in – we may now know how to recognize major market lows:

I don’t think this needs much explanation. I am seeing very distinct divergences at major market lows. We got one at the this year’s low, which was quickly reversed. Based on that chances for Minor 2 being in the works are increasing. Let’s however not jump at conclusion – we are looking at a long weekend and if there is no follow up next week we may still be in Soylent Red.

Freebie Alert: There’s only one week left to download Robert Prechter’s free 10-page market letter. Our friends at Elliott Wave International are featuring the free download through June 7.

Salve,

Mole


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • http://evilspeculator.com molecool

    First comment gets to feed my genetically modified killer whale.

    (yes, it's got laser beams)

  • Tooncez

    I could use a good swim.

  • Tooncez

    What about the spikes in June 09? And how do you know the spike is low enough? And is the post-spike up a 'confirmation'?

  • Gold_Gerb

    missed it by [THAT] much.
    one of these days..

  • momac

    well crap, do I sell the sds and tza tonight. this is getting old. almost all of the profits from the drop are gone now. I really suck at this

  • The_Grim_Reaper

    some additional cycle info on IYR

    http://www.screencast.com/t/NWVmMTgzYj

  • spudthorpe

    Looks to me like we are due at least a retrace based on a completed 5-3-5 up and overthrow of a rising wedge:
    http://www.screencast.com/users/Spudthorpe/fold

  • Kudos

    Please update this chart every day, this is a very useful tool. It is more of my time frame to look at this.

  • WTFed

    Take heart brother. There are a lot of people feeling the same way. Perseverance!

  • yudhisthira

    Yeh, that's what I'm see'in through my bear-colored sunglasses.

  • yudhisthira

    Or we have only completed 1 of the final 5….

  • http://evilspeculator.com molecool

    Yes sir! Will do.

  • http://evilspeculator.com molecool

    Don't give up on me just yet. I'm amassing a nice collection of tools and measures. Just try to not go broke in the meantime 😉

  • http://trading-to-win.blogspot.com/ DavidDT

    yeah (with extreme intonation of Goldberg from Office Space]
    http://evilspeculator.com/?p=16437#comment-5207

  • anoopsan

    Russell 2000 Index takes a new turn in the hourly chart

    http://niftychartsandpatterns.blogspot.com/2010

    Thank you

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    hamster guess

    any zero “almost -4” qualifies, any spike “almost +2” confirms it's over

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    does you whale like bull steaks?

  • jacksoo

    did anyone get the free weeks trial? i sent in an email but got no response – at a least a “fu*k you – too late” wld have been good.

  • bananaben

    I'm going to be hurting too tomorrow if we have another low volume monotonic upwards grind. I'm hoping we get some kind of dip so I can rebalance a bit at least. I'm hanging in there to 1130ish. You won't be suffering alone.

  • http://trading-to-win.blogspot.com/ DavidDT

    its alive!

  • http://trading-to-win.blogspot.com/ DavidDT

    fu*k you – too late (J/K)

  • jacksoo

    thx D –

  • http://trading-to-win.blogspot.com/ DavidDT

    you know I love you (in a good way :)

  • http://trading-to-win.blogspot.com/ DavidDT

    blogosphere is dead tonight…time for me to go to bed and thing Donkey's song (from Shrek)

  • http://trading-to-win.blogspot.com/ DavidDT

    Moooole
    why would you advertise birth control pills????
    http://screencast.com/t/MjQ1Yjk2ZG

    OK…forget pills – why would you advertise bOOb???

  • katzo7
  • anoopsan

    Breakout stock of the day from NASDAQ – LMNR(limoneira co)

    http://niftychartsandpatterns.blogspot.com/2010

    Thank you

  • http://evilspeculator.com molecool

    I got to dump Technorati – they suck and their conversion has dropped significantly. Adsense banned me last year, so I'm looking for something better. If anyone has any non-obvious suggestions I'm all ear.

  • trabuco

    Sounds like a caipirinha ingredient. LOL!

  • http://trading-to-win.blogspot.com/ DavidDT

    Mole should ban you just as fast as I did
    spammer

  • http://trading-to-win.blogspot.com/ DavidDT

    I might have something for you – let me find out few things first
    hope to get back to you tomorrow

  • psycho_puppies

    WOW! Thanks for releasing the “Morituri Te Salutant” charts and commentary so quickly. The suspense was killing me I was almost going to subscribe… it’s a good thing I’m a stainless stele freeloader. All kidding aside, once again thanks for all your work.

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • http://evilspeculator.com molecool

    Where is that 'ban forever button' I requested from disqus…

  • http://evilspeculator.com molecool

    Done.

  • http://evilspeculator.com molecool

    Anything that posts financial ads would be just fine with me.

  • http://evilspeculator.com molecool

    Sorry jacksoo – I cut the cord at around 25 instead of 10. After that I simply didn't have the time to respond to the flood of emails. Nothing personal, mate – I'm barely managing to keep pace as it is. Not getting a lot of sleep lately…

  • psycho_puppies

    :-)

  • spudthorpe

    That's very possible, but at least we still get a wave 2 retrace. There is an ascending trendline below (now around 1070) that has supported the rally off the Tuesday low. Perhaps the retrace will at least touch it again.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    yes, and speeding up the wheel