Sorry, I wasn't able to download data from Dial Data, on Sunday or Saturday. Charts with OEX and VIX plots are updated. The hourly cycle looks to be about 4-5 hours away from bottoming, but I think it could mark a high rather than a low also. Globex so far looks flat for the open so far. 644 marks a regression line. I miscalculated the weekly Gann line. It was actually tagged on the close. We are just under a parallel daily Gann line, if we can close above 639 we should see further upside. Stay long only if we close above 639, and use 631 as a stop. A strong break below 9600 on the DOW, and I think we may have a shot at some downside action this week. Cum volume on the 15 minute chart is just barely supporting the OEX. ONSL, almost got going yesterday. I am still long, and holding AOL calls for January as well. AOL might not break out until Friday if it follows the same pattern of last month, it has been in a straight-jacket since joining the SP500. Here is the five minute chart and the astro. I am experimenting with a zero point pivot on the astro chart. Don't know yet if it is a fantasy indicator, such as the zig-zag indicator.

Wow, everything went up except IBM. Amazon just keeps on rolling. We have the makings of an island reversal if the stock gaps down on the open. I think we are seeing a massive short squeeze on the stock and I wouldn't be surprised if we see a few more gap up opens on the stock. All we need is ONSL to move here as well. AOl also looks positoned to break out to the upside. I bought a few January 160 calls. It sure is tempting to take profits on BII, as it has doubled in two weeks. We have the makings of a some type of top here, but we should still see some more upside, as RSI on the hourly expanded upwards. Look for a possible pullback to around 625 to get long. If you normally buy ten contracts, buy only 5 at that level if it is reached, and we will maybe look to leg in the rest, January contracts, five points out. We could test the 622 level on the five minute and the astro chart . If the DOW finds support just under the 9500 level we may get a short setup. I think the market may make it's highs for the year, this month, if the put/call data is any indication. It is interesting to note, puts never dropped much in value despite the late afternoon fireworks, after the initial morning runup. I haven’t received oddlot data since the last day of January. If the Republicans do manage to get some Democrats to go along with impeachment, Al Gore may have the perfect election platform to keep the Democrats in power for the next term.

Looks like we are going to start with a gap open with my intraday indicators in the over bought zone. I don't see any more than a possible one day pullback,. as Power Volume has continued to surge and MSI made the buy pivot. If you want to play the short side, the cycle section's suggestion maybe the ticket. I missed out on the IBM move today. I think it is the safest play if you want to play the long side still. The astro chart has the fib channels still curling upwards. A good close above 618 should give the bulls some more courage. If we do keeping rallying under these sentiment conditions, I will go so far as to say we may have the perfect setup for a mini-crash type scenario, come February- March. I could give possible exact dates, but as we sometimes have an open house on the weekend it wouldn’t be fair to subscribers. Here is the five minute and the hourly.

Wow, did those cycles ever kick in. Where to now, I have no idea for tomorrow. I was going to recommend the short side again, as the Jupiter price line has held back any advances but the oddlots short have picked up. I added the SEB bands to the oddlots. They give pretty good buys and sells, but they are not perfect. Now I know why this data is delayed by one or two days. The DOW dropped right back into a channel. Let's see what happens today. Power Volume is still turning up and MSI still looks to want to go on a buy. Sometimes, I don't believe my own indicators. I would like to see a pullback. I closed out my XAU positions as I didn't like the market action yesterday but I still think this index could surprise to the upside. I took another position with ONSL. I am playing the Jan 50 calls as well. I have added VVTV to my Internet portfolio which consists of one other stock, TSE:BII. Here is the 5 minute chart. The new CBOE index, MUT, should be interesting to watch, I may try and create a composite of this index if I order some data.

The hourly and the half hour cycle look to be bottoming at the same time this morning just to make this week even more interesting. Here is a DOW chart with averages on it. Plot the 50 day on the live chart link if you are looking for a possible long entry point. I am staying away from the long side, but I will play IBM again on any dip to the 180 level with February at the money calls. OEX traders holding February puts should stay short only if the OEX closes below 602. We could be on the verge a breakout to the upside, but I am going to stick my call of the market topping out when the upper cumulative breadth average is tagged for now, as the put/call indicator is backing up my scenario. Power volume is confirming this advance and MSI looks like it could go on a buy. Look for a VIX reading of 30 to confirm a possible short term bottom. The XAU is at an interesting juncture. I am selling half my calls if the 68 level is tagged. Notice the falling averages on this chart. If the XAU powers through here this may just be the start of a powerful move up. Here is the five minute chart, and a astro chart.

My apologies for the quick replies and for the password server going down. It should be fixed by Monday. Always check the index page if you encounter problems with your passwords. This hasn't happened for about a year.

Hey, lets here for the planet Jupiter. Ooh, is the market going to drop like a rock? Well maybe, but I don't think it will be today, the Gann line on the hourly DOW suggest the bulls are still in control. The volume/breadth bands maybe indicating a bottom and Adlinex ( which is a market breadth measurement plot) is still above the zero line. Even power volume is turning up and the modified McClellan maybe attempting a tag of the zero line. RSI on the hourly is oversold as are some of my intra day indicators. Stay short only if the DOW closes below 9262. If you want to play two weekers, that also looks like the spot to go long if not on the open. At the money calls and stay long only if the OEX closes above 611. It is very hard to place a stop for this trade but I think 9200 is a good level here is the 5 minute chart and have a Happy New Year!

New Years should be one wild party this year as it falls on a full moon. The OEX rallied right into my target zone. The actual Jupiter price line is at 616 ,so raise the stop to 622. It is hard to get an exact number when the line is off the screen. If yesterday wasn't a short term top, I expect the OEX to make one in the price zone mentioned above. It won't take much to break the Gann line just above the 612 level on the five minute chart. Notice on the hourly the OEX could only manage to tag a Gann line that was providing support. I have no price target yet if this trade pans out. I have made some changes to the 30 minute chart, as I now have enough data, by adding Master11 and Maj. I think they can give a good indication of how the day is starting out. Almost forgot, the DOW system went on a sell. Usally we are within days of a top, when this system is bang on.

Sell the farm? Well sentiment suggests longs are at risk here for a least a few days as the CBOE put volume has been drying up. This trin indicator is in the sell zone but why don't I feel too bearish? I have seen markets put in powerful advances such as this one, and all the market manages to do is go sideways, frustrating both the bulls and the bears. This astro chart is suggesting the 614 zone as being resistance and a good place to go short. I would trade the Febs, at the money puts, and use 620 as a stop. The modified McClellan is suggesting we are closer to a bottom rather than a top right now. The Russell also seems to be picking up strength here. Any weakness in Internet stocks, seems to be met with almost immediate buying as witnessed on the close yesterday. I think the XAU is the best bet on the upside, and I will continue to hold IBM calls as mine are deep in the money, and I don't mind the risk factor. I think today maybe a key day so I am going to recommend selling the options into any rally. My decision will be based on today's market action. I have one long option play on a Internet stock, ONSL. The January 70 calls. These could easily expire worthless and a one day dip could easily wipe out these options so it is pointless to try and use a stop. Here is the hourly and the 5 minute chart.

I don't see any ideal trade setups. I think the OEX may try and move back to the 4 day moving average. I think it will do it by slowly drifting back. I think we are going to have some volatility come back in the markets after January 1, 1999. European monetary union is a big wild card. Maybe it will have no affect but currency trading moves markets in a big way. I wonder how much of the selloff we saw in September was do to unwinding of positions in European currencies in an anticipation of the new currency. Maybe none. Anyway, I think this uncertainty may lead to a sharp run up in the XAU. Here is the five minute chart and the hourly

CCI made a sharp spike upwards on the OEX and IBM as well. This usually portends further upside , if the market decides to consolidate a bit here. The upper Gann line is at 615. We are getting slightly closer to the upper falling cumulative breadth average and the VIX indicator is making a run for the lower band. The hourly Gann line suggests support around 605 if the market decides to do nothing today, maybe setting up for a gap open next week. The astro chart is showing all sorts of planetary plots just above this price level. The OEX closed right in the middle of a upper Fib zone channel. Maybe we get a pullback to the lower part of the channel next week. Here is the 5 minute chart. I am sure subscribers that bought BII wont’ mind me mentioning these news releases. Have a great holiday and a Merry Christmas!

I am really having a difficult time here making any recommendation this week. If I ignored the put/call data, I would have to be bullish short term as cumulative volume is still showing more possible upside. IBM also looking more like an Internet stock. I stated a while back that the ideal spot to go short may come if the upper falling cumulative breadth average is possibly tested. Here is an interesting Globex chart. Are we going to get a test of the upper bollinger band this month? I don't know but it may correspond with the upper Gann line. Very short term, the astro chart is suggesting we are in a time frame for a possible market turn and 602 is now a possible target for a short setup. The upper Gann line on the five minute comes in at 600. If the Gann line above 592 doesn't hold within a few points, we could see a possible break to the 580 level very quickly . I think it will be a positive for the market if the OEX can strongly close above 602. If you are going to play the long side, may I suggest IBM, at the money calls. This stock may go to 200 very quickly but the risk is their on the long side if you believe the put/call indicators. Here is the hourly chart.

I am playing the XAU with the January 70 calls. They may not have enough time though, so I bought the Jan 65 calls as well. I don't see much more than the 80 level though. How, and if it gets there, will in my mind determine how much higher the index may go. I am currently flat the OEX. If Jim's prognosis is going to bear fruit, the 590 level may be all she wrote. 601 is resistance today and the 594 level looks like a good entry point if you are bullish . These price points are all based on planetary plots, believe it or not. Whatever works! I am laughing as I am typing this. The white line came into view after I updated. I need to split my data feed to have the program running intraday. That was a beautiful short. The volume/breadth bands have been tagged and the Mercury price line slope has changed to a more gentler rise(laughing again) . I am a staunch believer in astrology, and I am not getting paid to promote the program. I am looking for a top being formed within those price points. Here is the five minute and the hourly. My put/call data is delayed. A good sell may come if this VIX indicator tags the lower band.

We are getting our first snowfall, it's beautiful. Well, I have bet half the farm on BID.com, thanks to Amazon. I am note sure if this a fair comparison, but check out the market cap on EBAY . I think there is a few more millionaires to be made yet. Of course this is a speculative play and the stock could go back to .50, but the risk/reward is there. Think of it has a call play on the Internet with no expiration date. The volume/ breadth bands almost got tagged so we should be near some type of top. 596 maybe the ideal place to go short, but if we close at the highs for the day we could get follow through, as this astro chart is indicating Tuesday, as a possible turning point. Here is the five minute and the hourly.

Well Jim, here is a picture of me on the phone so you can attach a face to my commentary. The only contest I would win is a hairy arm competition.

The OEX closed just above resistance. Where to from here? I really have no idea. Breadth improved towards the close with adlinex on the 15 minute chart testing the zero line from above just as the OEX tested the 20 day. This trin indicator is getting ever that much closer to the sell zone. The Keltner channel turned up so resistance has moved up. The put/call indicator is about as bearish as it can get but it may go to the same levels previously seen last October and July. I don't think this is a perfect place to go short. I would like to see the VIX indicator drop some more. If I was to choose a spot to go short I would look to go short at the 587 level. My pocket arent deep enough yet to trade futures like my good looking friend Jim, but that looks like a good spot to scale in a few shorts . I am staying flat but hoping my December calls rally a few more points to close out the position. The upper volume/breadth bands haven't been tagged yet but that may come on the close. My live data feed doesn't give me the same data as my end of day provider as I would then post the chart towards the close. Look for a possible reversal at 8935. Here is the hourly and the five minute chart. Have a great weekend!

That was the greatest option trade ever. Thanks Travis!!! I gave in an sold half of my calls at 69 and I still have 5 left. $100, 000 us potential in one week. That is a lot in Canadian bucks ,boys. Trading the OEX now seems boring who can top that one? I took some of my profits and added to my BII holdings. 10, 000 shares is my goal. I don't know what other traders felt yesterday but I could feel Jim's cycles in my bones every time the OEX tried to break down. I added the December 575 calls at the lows as I was following Jim's cycle advice. If we can break strongly today above the 20 day average. I will hold the calls into Friday as the impeachment hearings will be delayed. The DOW also broke out of the Gann channel. The volume/breadth bands look to be wanting to tag their upper bands over the next few days. A good place to close out longs. A close above 582 resistance and I think we could test the highs again. The falling upper Keltner Channel is just under 585. A close above that and I 'm a little more bullish. I don't know Elliott other than a few patterns and but I think we just had and ABC flat correction on the daily. If memory serves me correctly that is a bullish pattern. A two day call play may be the AOL December 95 or 100 calls to hold into Friday's close. Here is the hourly chart.

Jim , Travis can splurge for the Beamer, he had a lot of Amzon calls. :)

My brain still hurts from last night, and I am being roasted by Jim. He put me in the same sentence with Favors and he didn't even spell my name right, no respect from anyone, and he keeps asking me for a BMW :). Jim is on fire, I don't have the stomach to make his recommendations and I am trying not to interfere with someone who is hot. The OEX certainly managed to hold above the 15 minute Gann line for more than 30 minutes. I should have added more comments. I may have hit on something, using time to base a trading decision off of Gann lines. To be quite honest with you I have never taken Cycles seriously to make a trading decision until I met Travis and Jim. They have certainly opened my eyes as has the hourly and 30 minute cycles. Master11 has been hindered by the current market volatility and has approached the buy zone late. MSI has made a buy pivot and this TRIN indicator is still on a buy. Looks like a good bounce with cumulative volume turning up confirming what Jim said. It look like this market will continue to rally with bad breadth if Adlinev45 on the 5 minute chart is any indication. Another 35 point OEX drop coming up if breadth doesn't improve? Well lets wait until Thursday and I would sure like to know the time of the impeachment vote??? I am thinking one dayers.

Back by popular demand. I have added the big chart link back to the top of this page. If you are getting Java script errors download the latest browser version. I don't think the selling is over yet. Notice the break of the trendline on the NDX. These stocks have been supporting the market. Master11 never quite made it to the buy zone and the DOW never sold off as much as I would have liked. Now, as the 8560 level gets closer without being broken, it makes it all the more likely we could out take that level if the DOW continues to break to the downside. I have added a Gann line to the 15 minute chart. Notice, during this current sell off the OEX has been unable to hold above the Gann line for longer than 30 minutes or so, currently at 568. 552 and 542 are very do-able on the downside. On the plus side the 30 minute and hourly cycles are bottoming . Here is the 5 minute chart. Ready for another possible E-bay? Bid .com is a Canadian company trading on the TSE, symbol: BII. I picked up 2000 shares for a long term hold and I will be looking for more on any further weakness. I think the stock zoomed to $6 on news of a possible listing on the Nasdaq last week. Amazon is being added to the NDX. Go amazon go!!

Somebody should send Jerry Favors a subscription to the OEX Trader, a reader has been kind enough to send me a few excerpts, he might be going the way of Prechter although Prechter still has 4000 subscribers. I think I would like to close the site off to new subscribers if we approach the 500 level if my partners agree with me. Once you are wildly followed your service is no longer as affective. Master11 hasn't gone into the buy zone and the put/call indicator is looking rather ominous. One volume/breadth band was tagged, so we may be close to some sort of bottom. If the bottom was on Friday, how the market rallies over the next few days, I think will give us an indication if we are going a lot higher or we get another shorting opportunity. Here is the 5 minute chart and the hourly and a DOW chart with a Gann channel. If you are bottom fishing look to DOW 8560 is we do get a severe selloff today. You now have a re-sizable live chart link at the top with indicators and I have added a live audio link to the trading floor on the index page. I haven't used it yet, it should work.

*Tis the season, I have a dinner party to go to tonight and I may not be in any shape to write a coherent commentary tomorrow. I may brief but I will post charts.

This chart is for all the gold bugs and Jim, who had to take back the BMW when he found out how many subs we had. Welcome aboard Jim to our slowly growing web site. The XAU looks to be making a reverse head and shoulders bottom on the monthly so I think you have to keep the perspective long term, years, for gold stocks to make some serious coin. Got the direction right but I was too conservative on my exit point. Globex looks flat as I am updating. Too good to be true, another possible short entry point right on the open or have they loosened the noose on Romeo? The hourly chart is suggesting we should bounce on the open, where from is the question to me. The way I see it, the OEX may bounce off the 571-572 level, them maybe to try to tag the falling moving averages, which should then be around 574-575, and then head back down to a possible low that Jim talked about in the afternoon. If the OEX tags 564-566 at around the time Jim mentioned, it may be a good long entry point, however, I emphazise you may be trying to catch a falling knife as longs are very much at risk. Jim has been hot since joining the page and I will defer to him with regards to an intraday update. Have a great weekend!

I am starting to sound like a broken record here, while the OEX tries to make up it's mind about which way to breakout , the put/call ratio has now dropped into the danger zone. The green Gann line on the 5 minute chart at 583, and rising is now providing support. A regression line at 592 is holding back any rallies. If I was to put on a trade today, I would look to the short side and look for a break of the 583 level or so and be looking to cover at the 578 level unless the OEX was to drop sharply through there. Adlinex on the 15 minute chart maybe indicating the start of a breakout to the upside so I am not entertaining a short at the 592 level. Here is the hourly.

It is nice to dream, AMZN going to 250+. Well it could, if MACD starts to turn up here. By the time you wait for the daily MACD to turn up it is usually to late to buy. The weekly MACD isn't even close to giving a sell. The trick is being able to hold onto the options if they go deep in the money, I would sure like to put some nice presents under the tree. Impeachment hearing eh! From a Canadian perspective, these hearings are great comical entertainment. I would be embarrassed if those were my political leaders trying to bring down a very popular President, who I think has done a lot of good, for having been caught with his pants down again. Wake up and look back on your other great leaders. Sorry, had to get that out. The market I think is going to live and die by the dollar right now. The falling 200 day average is just under 99. There is a strong correlation to the dollar, sometimes even on a daily basis. If the market hasn't already peaked it might correlate to a possible test of the 200 day on the dollar, which almost might also correlate to the President not being impeached. I don't think the time frame will fit though if this process drags on. The dollar has to get above 97 first. Incidentally the dollar bottomed before stocks in October. The put/call ratio is still keeping me out of the OEX for now. Look how critical the 580 level is on the OEX, if you are playing for a breakout to the downside. I have added the 20 day moving average(572) to the 15 minute chart. I don't think it will hold a second time. The volume/breath bands are suggesting longs are at risk. Adlinxert on the 15 minute chart paints a different picture compared to the daily. On the bullish side, this trin indicator(marked by an arrow)suggests we are forming a bottom for a break out to the upside. Notice with this indicator we can still get some pretty violent down days. Here is the hourly(I changed the rsi to 5) and the five minute.

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