Oliver Toland's Page

"Terry, I see a strong support at 1196 on SPX, which is about 1% below what we are now. This is based on the waves started from Dec. 7th with high 1267.06 (we are on wave 5 now).  So, I think TZA has no more than ~4-5%…"

"if SPY opened today at 61.8% retracement of yesterday close, LOD so far  (125.85) is 38.2%, which is also MA 200 on SPY. If we broke down this level I guess the downtrend will start."

"Ok. My idea is that (on daily chart) it cannot be considered wave 4 anymore, since we have entered to the range of wave 1. So, this could be a new trend from this Monday."

"Got your point. I was talking on daily chart and the movement from Oct. 27th. We could consider the wave from this Monday as wave 4. "

"If you believe we are still in wave 4, we should close below 122 today!!!. Agree?"

"Terry,  The movement from Oct 27th cannot form 5 waves, because if we are at wave 4 now and today close above 122 (which is the bottom of (supposed) wave 1) it violates the theory of Elliot waves. So, maybe we have started a…"

"Considering SPY 3 years (High 136, Low 66):  110 was 61.8% Fib, which we could not hold. I am waiting for 101 (maybe not this week) that is 50% Fib support."

"The only thing stop me from buying FAZ is the morning star chart on DAX. Europe may be green tomorrow.  Any comments?"

"Agree Terry. It is also an inverted cup-with-handle. We will see 112 again soon."

"bought SDS @ 23.7"

"Time to pickup some TZA , FAZ ? They are starting to get hollow red candle shape. I expect to see red market tomorrow."

"On 1 month chart 118.5 is 61.8 Fib. If we fell below, then should wait for 117 and 115.5"

"Rhee, Any idea if we fell below today open?"

"Rally Starts?"

"I guess we will be back to 116, which is a good opportunity to buy."

"Watch QTWW carefully. I am expecting a great rebounce"