Tim McCarthy's newest chart now shows the 29th as a potential TOPI am STILL ON TRACK for a robust rally after 2-3pm TODAY
Monday Apr 20 looks sluggish
April 21 & 22 look STRONG
but the 22nd could give it up for selling in the afternoon
FED meets on Apr28 & 29th - thus anticipation might get slapped in the face
becoming buy the rumor, sell the news
Astro agrees with the charts he has presented
and his work has nothing to do with astro
IF your a bull, then its a matter of catching the best UP days
between now and the 28th/29th
If your a BEAR, then my suggestion is to wait out the 29th
and get the best of bears to May4th
As for TODAY
Hmmm,
Hourly 11am so far off 55
30bars @ 11;30 - not effective or use the truncated 11 am time slot
still waiting for 2pm convergence to get long
Its NOW almost NOON & the ACTIVITY INDEX has dropped in the last
30 minutes from 233 all the way down to 66
There is a 60 minute delay thus we should expect prices
to start dropping after the noon hour
Coy's index calls for lower tomrrow
but
Late day has Merc 120 Saturn
Venus turns direct @ 2:25
3;14pm high tide
THERE is NO heavy astro after 3pm today until late on April22nd
then we look to the 24th after 2;38pm for another cluster of hard asepcts
whats that all mean ??
mostly positive ions charging the earth making people
less sensitive to any bad news thus allowing us to feel like being buyers until the 24th
My astro opinion for the moment is still a high on the 24th mid day
More Later
Jay
13 comments:
Reposting my comment from the last post:
Astro,
You mentioned markets dont turn on a dime (and I completely agree), but since March 23/24, we have gained 20-30points. That can be seen as distribution. If true, April 16th fits fine for turn date.
On the other hand, this can be seen as consolidation which allows for a rise to next week (but it will be exhaustive in nature or parabolic as there is no further time for churning) which fits Jay's call for 900+ to April 22/23.
I guess if we dont rocket up late today/tomm or worse yet, go down tomorrow to end up with doji's on weekly, then April 16 may be it..
Any thoughts?
Greg
Another thing is I personally dont think Goldman and his friends will let their recent offering at 123$ be a 'bust' (ie), they will make sure that the buyers get at least 5-10% from the offer prices (or $135+). As goes goldman so goes market?
greg
HI Greg
Good points
Activity index has NOW come off its LOWS at 66 and is making new intraday highs at 300, which is above the open high at 233
A low can now occur anytime between
1pm and 3pm
Using the 2 hour spread, we will watch 1pm to see what the mkt looks like
the 4pm hour cycle is still at 3pm
and the 13 day cycle is still at 2pm
Im thinking about buying some APRIL bac calls - should get a huge beta on it or go bust- one or the other, but judging what the chart looks like its telling me to look for $13.00 - fibo
more later
Jay
Still expecting a low Jay? Seems like we could rally into the close.
WE GOT THE 1:54pm LOW right on schedule , but the 11am low so far should end up as the LOD
3pm is one more hurdle as its 4hours from 11am + Merc # Pluto
Once past that low,the Activity index ran from a low of 66 at 2pm up to 333 level.
then backs off a bit to 233 but that might not have any effect on today - depends on the lag time
more later
Jay
Not sure if i understand. ON spx i see 100 points since March 23rd low
I think that accumulation. Here's another chart i drew. the dotted line is a time and price projection looks like 883 tomorrow early i think hard to tell.
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&st=2009-03-16&i=p48332942463&a=164040990&r=254
883 has been on radar from some of my other providers on a yahoo group
2pm was as presented
THE MAGIC PIVOT
Wish it were much lower but thats NOT the way it works
That Mars 0 Uranus at 5am on Wed lead to the 40pt drop at open to get to the LOW of the week.
and today the Mars II Uranus occurred as a shadow of the original conjunction
Power index and propensity index both are indicating much higher tomorrow
More Later
Jay
Astro, how much difference taking a low/high in a trading day makes :). i was taking the high on March 23/24th. Just draw a horizontal line from those levels. Yes, since I typed, we have riproared higher, but i took 825 as the mean line and we have a move to 780 and 855 after 825 was hit. So the gain I meant was (855-825) over 13-15 trading days.
Greg
Bought the dips this morning, heavily long and loving it. Thanks Jay for your work.
one last time. cant help myself. March 4 LOW, 670. april 17 HIGH, 868. brillant jay. well done. 900 maybe . who cares. will June 18 be the next LOW. 595 as written?
tia
Jay, do you still see strong up day today after that selloff at the close? Going long into tomorrow seems way too risky imo
Jay if April 16th is a very important date, is it a top now? Thanks.
its 8;15 and the 8;30 report is not out yet
BUT
Today looks like an early rush, then selling should set in later
11am or noon high
and maybe just maybe a strong close
but dont count on it
Jay
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