first day of trading will NOT be well receivedFriday JAN 2nd is slated to start down
with a bang and could keep sliding till 3pm
10;30 is 100% /13 day cycle
150 bars @ 10:30
Hourly @ 10:49am
204 Bar @ 3pm+ 3.08 pm hourly
Unless 1pm hits the LOD @ 180 bars
moon 180 Jupiter @ 1:24 calls for INSECURITY
East coast and mid west guages are pointing UP
strongly Leads me to look for closing rally on Friday
Power index slides, but has a late rebound
Monday Jan 5th is another day that can gyrate
DOWN at OPEN and close better
The BIG gains are due on Jan 6 & 7
More later
Jay
7 comments:
Obama, Pelosi to Meet Monday on Stimulus Package
http://www.cnbc.com/id/28462923
Maybe that'll be the boost for strong days next week.
Jerry,
What is your preferred date for the low of 2009?
Who cares about NEWS. Jay...please stick to your cycles please and stay away from NEWS. NEWS is IRRELEVANT to trading...thankyou.
Alvin.
P.S. Turn Off CNBC, BNN, Bloomberg or what other kramer junk is on. It's worthless.
Jay . My post was directed to shanker's post. Who cares what obama and pelosi do. They don't drive markets.
Alvin
Alvin Dude,
Certainly News doesn't drive the markets and I fully UNDERSTAND that the Market Makes the News.
However, what I was alluding to is pop into expectation of news and then sell the news.
Hope this makes it clear.
You can't short at 902 and then have this market run up to 930 a day later. One needs to be careful with short-term trades, with long-term, you have the luxury of time.
This market is choppy at best.
- Shankar
Well this is a Short Term trader blog for the most part and for us guys, there's no such thing as selling off into the news because we aren't paying attention to the news. lol.
Alvin
The big gains will be on the 6th and 7th because it should flying up out of a cyclical low. The plunge starts Monday in earnest into Tuesday morning possibly. Jay....what do you see in your work now? Don't give me any obama crap. news is noise. lol
Alvin
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