THE FUTURE

THE FUTURE
PRECISION STOCK MARKET TIMING

Tuesday, January 20, 2009

Another rally that didnt

I really should have paid more attention the Bradley date - Jan 20th

Even with the close today @ 805 we could still see a lower close tomrrow to 792

Im expecting a rebound till midday on the 21st, but it doesnt look like it can hold

Cliff had mentioned a few times that the 792 GAP had not been filled, ,and that might just provide a strong closing target for tomrrow

We STIll have a few stats to think about
Today was 38 tr days NOv 20
AND
after recounting with those 2 half days makes 4pm today 56 tr days Oct 27th
that makes tomorrow day # 39, and Thursday and even 40
40 / 4 = 10 divisions of 4 from Nov 20
39 tr days NOV 21st at 11:05 = 3 cycles of 13 days to Jan 22@ 10 to 11am

we had a 935 high - 120 = 815 minus another 40 = 775
Murrey math #s 816 last is broken @ 805 now - 31 = 785 -15 more = 770
So now we have 2 levels close to each other by 2 different methods

ONE very important stat which Ive mentioned several times
Jan 22 AT 10:30 am , which could end up at 10am
IS THE 100%/13 DAY cycle completion at 10 to 10;30 with a 30 min variance

Also: my 2 main gauges popped up over the wkend to 3024
then proceeded to fall to 3008 at close today
and drop to 3001 tomrrow, after a brief run up to 3012 intraday

Tech data says SELL even after today
Jaywiz index which gave high readings all week except for last Tuesday now gave a LOW .19
CBOE PC ratio 96
OEX pc ratio 55
SPX 500 pc ratio = 125
those are all in agreement for a lower level

HOWEVER< ONCE we get to 770 area which would = another 35 pts lower than today
and a loss of 280 more down points to 7669 , can then get a huge oversold rebound into mid day on the 27th

How high is HIGH?
Do the math yourselves- but its no where near what I was thinking last week
only fibo %age rebound and not a run to the Jan 6th level

More later
Jay


3 comments:

Anonymous said...

the market should attempt to climb a bit into Friday, perhaps recapturing all of Tuesdays drop.

Best wishes,
8

Shankar said...

My pattern shows an uptrend from today afternoon through Friday noon.

Anonymous said...

Jay, about two weeks ago this
date appeared as a low in a post
I title " 9 days ", it surprised
me too on Tues, but the rally is still on.

After a Friday peak may be be 4
days chop then up again.

I think Eric Hadik is also calling
the low here, of the 1st half.

Tim