MarketMap(TM) 2010 xml version=’1.0′ encoding=’%SOUP-ENCODING%’ Before you can get to where you want to go, you have to know where you are. MarketMap(TM) continues to point lower into the next Change of Trend Date (COTD) September 2 +/- one trading day. Since the top on the 18th ( our CODT August 23 +/- one trading day ) the major stock indices have declined 6 days in a row( 4 days in a row from the CODT). On Friday the 27th the market staged a fine rally, opening near its low and closing near its highs. The one day wonder I allowed for in the forecast. With the next turning point due Wednesday at the earliest, I expect more decline into mid week before a counter trend. I will not rule out another challenge of the flash crash lows. Actually its a triple bottom area, the first low was the May ‘flash crash’ intra day low that was tested in late May and again questioned in early July. Thus far it is a well supported area.
One of my traders suggested that since the COTD of the 23rd occurred 5 days early maybe the COTD bottom due on the September 2 may have occurred 5 days early on Friday the 27th. This may look good in retrospect, but I have found that the MarketMap(TM) will work its way through the trading year as a very close approximation of the overall direction for the year, it will forecast the precise trend change dates and indicate the short term amplitude after the COTD. I do not telegraph the change dates in advance. It would allow for discounting and front running. So our readers have to stay plugged in. I continue to feel that is is not a stock pickers game rather it is a market timers approach that is fruitful. While I prefer to talk the bulls up here, based on Time it is still too early to do so. However based on price the leading indicator (MLI) did perk up a little on Friday (continued below).
Chart#1 You can see by the vertical lines I have posted on chart #2, MLI provides lead time and reliability. Fridays rally was accompanied by MLI moving above its short term descending trend line. That’s a start but not enough to give an outright buy signal. As important as the MarketMap(TM), the MLI needs to provide a buy signal before any sustainable rally could be expected. Chart#2 I welcome all questions and would like to hear from everyone.
Since 1989 we have compiled cycle studies of the stock markets. Going back in history over 100 years of data to come up with a map for each year in terms of overall direction and dates when to expect tradable changes. In the case of tradable changes we are referring to change of trend dates (COTD) where meaningful bottoms or tops should be expected. The MarketMap(TM) allows traders to time long and short strategies based on their own money management rules. It also lets system traders turn on one sided trading for their strategies or trade more contracts with a long or short bias. Below you will find our MarketMap(TM)
for 2010 up to date. the chart of top is the Dow futures for the year thus far so you can judge for yourself MarketMap(TM) accuracy. We will post through our distribution channels within 24 hours of next tradable COTD. *Change of Trend Date(COTD). I hope you get the most of out of our MarketMap(TM) timing service, send it along to a friend or associate.
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Only $9.95 per month. Go to the bottom of the MarketMap page to insure your long term. MarketMap(TM) 9.95/Month Great and Many Thanks, Jack F. Cahn, CMT TraderAssist® Since 1989, Creative Breakthrough, Inc. CTA Copyright 1989-2009 http://www.traderassist.com Skype me today at traderassist or call 800-618-3820 Talk with Mr. Cahn on Facebook, LinkedIn , Skype (traderassist) or use the old fashion way phone with a toll free number 800-6183820 . His comments are available on twitter (drofmoney) and others. U.S. Office: 7500 West Lake Mead Blvd. Suite 9-151, Las Vegas, NV 89128. Phone: 800-618-3820,561-622-1936, Fax 509-356-1824 Creative Breakthrough, Inc. (CBI), a registered CTA. CBI offers real solutions to the real issues which traders face daily in the high risk / high reward futures and fx markets. Since 1989 CBI has provided proprietary cutting edge methods and strategies that rank among the top performers. Supported Platforms include: NinjaTrader, TradeStation8 and Strategy Runner. — Pricing is subject to change without notice. Products available to the public may be withdrawn for private use without notice. — Any sale prices posted are for non-professional and non-NFA members only. Custom programs for, professional money managers, brokers, CTAs and Hedge Funds are available. Professionals and –NFA members must inform Creative Breakthrough Inc. of their status at the initiation of any product discussion. — Creative Breakthrough Inc. does not assume the risk of its clients trading futures and offers no warranties expressed or implied. Creative Breakthrough Inc. does not have a refund policy. — Creative Breakthrough Inc. does not provide technical support for TradeStation8 Strategy Runner or any other software required implementing its strategies except as by a product of its primary business. Furthermore, CBI expects its clients to be computer competent and TradeStation(tm) capable. NO WARRANTY / NO REFUND.CBI MAKES NO WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO ITS PRODUCTS AND HEREBY EXPRESSLY DISCLAIMS ANY AND ALL IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT SHALL CBI BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES IN CONNECTION WITH OR ARISING OUT OF THE PERFORMANCE OR USE OF ANY PORTION OF ITS PRODUCTS. Any actions taken by a user in response to the any of CBI’s products or services shall be solely at the risk of the user. Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options.