As I had expect the futures and the early futures market are responding
positively to the employment data suggesting a positive open
NOW UP 10 on spoos at 9am
It really wasn't the futures at all and IF there was no such report, the mkt would have found another reason to open higher
MY proprietary and ARMS Tech internal data shows
NO BUY SIGNAL generated yesterday
Activity index is showing a rally early, but drops off after 10am
this one updates hourly so will keep you in touch if important
Propensity index shows upmove from 2998 to 3013 as late as 3pm
but then drops off which could mean a less then stellar close
power index is mixed & shows a potential high mid day then lower at close
My game plan today will be to start buying puts on each rally
most likely at the hourly time points
and YOU know what they are
11am ---- 1pm & 3pm
1pm would appear most likely HOD
Bar cycles today
180@ 11:30 am
204@ 1:30 pm
228@ 3;30 pm
__________________________
yesterday perspectives
open down @ 9:35 = 1hr & 5 minutes after the 3:32pm HOD of Wed
1hr & 5 min later the 10;38 high gave way to the slide to 1pm the 120 bar cycle low
1;15 hourly high gave way to 150bar@ 3;30 cycle low
_________________________________________________
I am still expecting a MORE severe sell off on Monday & Tuesday
Typical Monday & Tuesday lows in a bear mkt
Tuesdays low tide is at 3:02pm
50% of 13 day cycle at 2pm with an hour range till 3pm
full moon not till 9pm
11 tr days from FEb 23 low
90 tr days from oct 27th
110 Oct 1st high
250 March 10th, 2008
44 tr days from Jan 6th
_________________________________________
Astro readings for March 10th & 11th
Expect the unexpected
Unwelcome news
Shake ups
BUT -- GET READY FOR CHANGE
March 11th ** look for GOOD NEWS
March 12th ** cooperation
March 13 ** Delightful day
I Know, you still want to know
HOW LOW IS LOW ??
best as i can figure
spx 635 is out there as a strong possible
and if that gets hit on Monday, then 604 was been out there for a while now
More Later
Jay
positively to the employment data suggesting a positive open
NOW UP 10 on spoos at 9am
It really wasn't the futures at all and IF there was no such report, the mkt would have found another reason to open higher
MY proprietary and ARMS Tech internal data shows
NO BUY SIGNAL generated yesterday
Activity index is showing a rally early, but drops off after 10am
this one updates hourly so will keep you in touch if important
Propensity index shows upmove from 2998 to 3013 as late as 3pm
but then drops off which could mean a less then stellar close
power index is mixed & shows a potential high mid day then lower at close
My game plan today will be to start buying puts on each rally
most likely at the hourly time points
and YOU know what they are
11am ---- 1pm & 3pm
1pm would appear most likely HOD
Bar cycles today
180@ 11:30 am
204@ 1:30 pm
228@ 3;30 pm
__________________________
yesterday perspectives
open down @ 9:35 = 1hr & 5 minutes after the 3:32pm HOD of Wed
1hr & 5 min later the 10;38 high gave way to the slide to 1pm the 120 bar cycle low
1;15 hourly high gave way to 150bar@ 3;30 cycle low
_________________________________________________
I am still expecting a MORE severe sell off on Monday & Tuesday
Typical Monday & Tuesday lows in a bear mkt
Tuesdays low tide is at 3:02pm
50% of 13 day cycle at 2pm with an hour range till 3pm
full moon not till 9pm
11 tr days from FEb 23 low
90 tr days from oct 27th
110 Oct 1st high
250 March 10th, 2008
44 tr days from Jan 6th
_________________________________________
Astro readings for March 10th & 11th
Expect the unexpected
Unwelcome news
Shake ups
BUT -- GET READY FOR CHANGE
March 11th ** look for GOOD NEWS
March 12th ** cooperation
March 13 ** Delightful day
I Know, you still want to know
HOW LOW IS LOW ??
best as i can figure
spx 635 is out there as a strong possible
and if that gets hit on Monday, then 604 was been out there for a while now
More Later
Jay
__._,_.___
4 comments:
Thanks for the update Jay sounds good. Already the market is starting to weaken.
Always looking forward to your updates.
thanks again,
Pauline
Hi Jay:
We broke yesterday's low marginally today. So, no wave 4 that I was expecting. That has major implication that wave 3 of (5) is extending. That makes it likely to have major down from today's secondary.
I will redo my wave projection with the extension scenario.
Ravi
RAVI
Thats what I expect
an extension to dow 5900
spx 604
Monday & Tuesday
THANKS for you input
Jay
Hi Jay:
If the (v) of 3 of (5) from Jan 5 top is extending, then we ended only the i of (v) at March 4 pm high and started the iii from there.
This has huge implication for target for v of 5.
The drop from this AM hi will then be the heart of the move with a really nasty action early next week. Under this scenario, wave v itself can lead us to as low as 570 (can be higher), with wave 3 ending later at least a bit below that and 5 even below that. This is lower than my 635 target without the extension.
I did not see wave v of (iii) extending, but now it is a strong possibility. WOW.
Ravi
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