Spiral Calendar Stock Charts For September 3rd, 2010

Posted: September 3rd, 2010 under Commodities, Misc/Admin, Predictions, Stocks.
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As usual, the market is smarter than almost everyone and especially smarter than me! I was convinced until Wednesday morning that we were going lower, but the seasonals won out and we are having another sharp rally to shake out the bears before the big decline. There are turn dates aligning now in all the charts so we could be close to a high at Friday’s close. Whether any such high if it develops is a wave A of something implying plenty more sideways to up price action before a tradeable top or a wave C of something implying lower prices immediately ahead is open to debate.

The blue vertical lines show a spiral calendar grid aligned running forwards from the April 26th, 2010 high. Blue F8 falls on Sept 8th which is shown on the chart as Sept 6th, which would be the first trading day next week except the US markets are closed for the Labor Day holiday. Weekends and holidays are accounted for in the horizontal chart scale over the entire year but the vertical spiral lines can be off up to 2 days due to weekends and holidays in circumstances like this weekend. This week the red vertical lines show a spiral calendar grid running forward from the high immediately after the Flash Crash on May 13th, 2010. Red F5, F6, and F7, and maybe also F4 are good alignments.

I am including a Gold chart this week both to illustrate some previous spiral alignments, but also because it has potential turn dates immediately ahead. See the comments just above the chart.

I recommend clicking on each chart to see the enlarged version as browsers tend to do awful things to shrunken images, such as remove price bars entirely.

Dow

Spiral Calendar Turn Dates Chart For DJIA for September 3rd, 2010

Spiral Calendar Turn Dates Chart For Dow Jones Industrial Average for September 3rd, 2010 – click to enlarge

S&P 500

Spiral Calendar Turn Dates Chart For S&P 500 for September 3rd, 2010

Spiral Calendar Turn Dates Chart For S&P 500 for September 3rd, 2010 – click to enlarge

Nasdaq-100

Spiral Calendar Turn Dates Chart For Nasdaq-100 for September 3rd, 2010

Spiral Calendar Turn Dates Chart For Nasdaq-100 for September 3rd, 2010 – click to enlarge

Gold – GLD

Gold has 3 possible turn dates in a row next week and into the following week. These are indicated by the small red bars to the right of the price chart that show possible turns over the next 10 trading days. I also show two individual spiral grids – the red one below the prices originates on the February 5th, 2010 low and shows good alignments for at least F5 through F9 and has F10 coming up on Sept 12th, which is the major potential turn date for stocks also. The blue grid is drawn forward starting from the June 28th high. It has one major alignment so far at F1. Blue F6 is also coming up but not until Sept 20th.

Spiral Calendar Turn Dates Chart For Gold (GLD) for September 3rd, 2010

Spiral Calendar Turn Dates Chart For Gold (GLD) for September 3rd, 2010 – click to enlarge

New visitors: please see this post for a brief explanation of the spiral calendar.

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