THE FUTURE

THE FUTURE
PRECISION STOCK MARKET TIMING

Thursday, December 25, 2008

dont get hung up

remember I wrote NOT TO GET TOO Negative after Dec 1st

And I should have followed my own advice

the SAME thing goes for January 2009

Ive also stated there should be a HIGH on Jan 30, followed by a sharp retreat Feb thru the 10th

Dec 30 has a number of fibo cycle convergences
21-34-54-110-144 tr days

7000 dow points lost @ fibo levels

21% = 1470 pts = dow @ 8945 & weve already been there
23.6% = 1650 = dow @ 9200

a break out above 9200 could run to the next level
38% = 2675 = dow @ 10,225

50%= 3500 = dow @ 10,500
And so forth, but you get the idea

theoretically
78.6% = 5500 pts = dow @ 12,500
That could take us to Nov or Dec 2009

More later

Jay



3 comments:

Idris said...

Jay,

I still think we test the Nov 21st'07 low one more time before the bear market rally starts.

This happens by 12/31 or between Jan 5th - 14th.

Happy Holidays

Shankar said...

At the least, an attempt to retest Nov lows, but I won't put it past the 8th.

Earlier, I was thinking the low would happen by the 16th December, but now I am unclear regarding how low we could go around the 8th.

Currently, I have ATM Calls, but I think it is going to hit stiff resistance around 905, if it gets that high. A more realistic number could be 880-890.

Anonymous said...

If it's going to test the Nov. lows, it's got to do it before the new Year. Otherwise we're going up into early February. In fact my indicators are already telling me that we're going higher and the short term bottom is in early next week.

Goodluck

Alvin