Wednesday, January 22, 2014

Charts 01-22 a.m.: Idle speculation

I wonder if we are finishing up a surprise tight little ending-diagonal 5th here. 

An intraday reversal at SPX 1852 would be an interesting thing.  The .382 retrace from 1852 back to 666 is 1398, which would be my target for "A" down this spring -- retracing all of the 2013 rally in about 6 months.

BIG data day tomorrow.  Be careful out there!

SPX 01-22 a.m.

Thursday, January 16, 2014

Books: Nietzsche im Haus

It's Thursday night and I'm waiting for an ending-diagonal to finish up, probably next week, in the 1868 SPX area.  VIX and volatility ETFs like UVXY are expected to make new lows -- heck, UVXY announced a 4:1 reverse split today.

Let's see if I have anything interesting on the shelves to pass the time.  Friedrich Nietzsche is interesting.  In fact, he's a heavy favorite around here.  Leaving aside the usual books, Modern Library eds and paperbacks, here are the unusual volumes I have from Nietzsche.

Let's start with The Will to Power, tr. Ludovici, T. N. Foulis, London, 1910, 2 vols:

The Will to Power, 1910 ed.

Ain't she a beauty?  This is #1470 in a series of 1500.  When I first found this set many years ago at the Bookman's Alley shop in Evanston, IL, the pages had not been cut properly, so I painstakingly separated them with a razor blade.  Then I read it all.

They are from the Oscar Levy complete works of Nietzsche, but printed in London, and not by Macmillan.


The Will to Power

Here is a Macmillan edition of The Future of Our Educational Institutions, tr. Kennedy, Macmillan, New York, 1911, from the Oscar Levy works:

The Future of Our Educational Institutions, 1911 ed.

I can't remember where I found this one, The Dawn of Day, tr. Volz, Macmillan, New York, 1903.  She's such a beautiful volume.

The Dawn of Day, 1903 ed.

This book had been part of a collection at Ft. Sheridan Library, but it has minimal markings, primarily this plate on the inside cover.

The Dawn of Day, 1903 ed.

Finally, here is a hardcover 1st ed of Walter Kaufmann's modern translations of The Portable Nietzsche for the Viking Portable Library, New York, 1954.


The Portable Nietzsche, 1954 ed.

Good luck over the long weekend; let's see if we can get a proper reversal next week as the ending-diagonal finishes up.

Wednesday, January 15, 2014

Charts 01-14: Waiting for the wedge to complete

I'm just annoyed at this point for not buying Monday's low.  Waiting for new lows in VIX and completion of the large bearish wedge here into next Thursday's massive financial data day.

SPX

VIX

Monday, January 13, 2014

Charts 01-13: Turnaround Tuesday

January 1 was a "major" Bradley turn, but it does not look like it marked a longer-term top.  The tape since the 1849 high is simply not impulsive, so I have re-labelled it a W4.

Sure, today's tape was impulsive -- this is the "C" wave of 4, like this.  Looking for more weakness early in the session tomorrow before finding support on the descending trendline from "A" of 4.  SPX 1808 would be great.

SPX 01-13

The target for W5 is SPX 1875 by next Thursday, January 23, a very big financial news day.  That would also be a 1.618 fib extension of the presumed wave 4 decline from 1849 to 1808 tomorrow.

SPX 01-13 6M

The weekly SPX chart shows the upper Bollinger up there as a near-miss target.  In 2007, the tape missed the top Bollinger by 4 handles.

SPX 01-13 6M Weekly