Yesterday's actvity index never collpapsed below 200
today, so far it is still hovering at the 100-133 level
which is obviously less than yesterday, but not low enuf to sell off
and there was some mild flux activity early today
Power index 400 to 500
propens index floats today at the 2990 level but drops tomrrow to 2982
IM STILL HOLDING OUT FOR A HUGE DROP TOMRROW
E Zone reports tomorrow as an important CLUSTER day
81 days from March 6th
191 days from Oct 10th
Jaywiz index last week has been bearish
19-23-44-35-22
and yesterday =18
Technical internals have given a minor sell
5 day arms = 83.4
5 day trin = 417
both bearish
NOW its JUST a matter of sitting out the day
more later
Jay
38 comments:
Currencies seem to be moving in the right direction, pound put in a new hi then dropped some 2c, have taken a short position on futures
approaching upper resistance too:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1399335
a2
Dat's wat I'm tawkin about dog.
tt
we got 5 down. shorting after the a, b, c up.
ravi
tt
to what are you referring??
_________________________
Fibo @ 930.01 as i posted a possible hit at 930 FIBO, and NOW say goodnight sweetheart
Today might try to recover late but tomrrow has no such conclusion
The reading for Monday is NOW valid for Today - that happens on occasion - I DONT MAKE THIS UP, IM NOT ASTROLOGER , and I dont do personal readings. I use waht I read from astrologers and sometimes they do get mixed up, but NOT for long.
TODAY is NOW the following:
expect A SERIOUS TONE
Make adjustments
ignore rumors
WEd
unexpected news
re think goals
quarrels
hold off $$ deals
Thsday might recover some from lows of Wed, but should end the day on a low
Any rally mid day on Thsday
I will be shorting.
CYCLES
TODAY
50% of 13 day complete at 2pm
228bars at 2pm
could be LOD today
WEd
55%of 13 day complete at 11:29
258bars at 10am could be extended by the above
ths
61.8% of 13 day cycle @ 10:43am
90b@ 11am
Could be LOw morning
Friday
Have a great wkend and enjoy the fireworks
Monday JULY6th -NO fireworks
JUST a COLLAPSE in stock prices
ive given the paramaters before
SPX 860 very likely
or
820 possible
JULY8th/9th is MY TARGET DATE
regardless of FLASH
AHAHA
They WORKED all DAY yesterday to keep the DOW up 90 points and today in one hour its gone.
DOES that tell you anything about the next few trading days??
That will be nothing compared to tomorrow
Do you think Im getting excited?
more later
Jay
ravi, could you please give some numbers for spx potential counts. Thanks jay for your help.
Anon
we would happier if you would identify your self even if its only initials
Ravi
can confirm my math without any more ado
Jay
ITS SIMPLE FIBO
Forget me Jay. I'm just tawkin to ma self.
You do good work here!
I'm happy cos I make money and do u.
tt
http://seekingalpha.com/article/144641-insiders-selling-heavily-what-s-up
Activity index JUST took a BIG JUMP
at noon with an hour delay
was at 133, NOW at 266
that might trigger a rally after th noon spot = 204bar cycle low
in about 15 minutes or sooner.
Jay
11;45
Ravi, i forgot to write my name as i was leaving home in hurry. Could you please outline possible EW targets here? at what level of bounce you are going in for shorts? I just sold my spx puts for some profit. Finally I am learing to take profit. I know, it could be too early.
Thanks jay.
sam
Sam:
919-923 area is fib retracement. But 918 is top prior minor 4th
So, 918-923 is the range to look for shorting into.
Ravi
Thanks ravi
I do not want the day to end withou short position.
sam
Sam, As yuo know I use TIME rather than price levels
THERE was a small rebound at THE HOURLY cycle @ 11am
204b @ noon came in a little early
228b @ 13 day cycle are at 2pm
should be LOD
ive posted that several times
power index 400 but closes at 500
so we have to think that the lod at 2pm will lead to a rebound at close
And tomrrow there is no reprieve
SOOO
what should a trader do NOW??
Since Youve already sold your position, you now have to bide your time and wait out a rebound
WHICH SHOULD COME at the end of the day today by my estimate
using the tools we have all come to know from my posts
Jay
Sam, YOU can do the math yourself
USE these ratios
against the loss from 930.01 to
912.86 = 17.15
17.15 x 38.2%= 6.55 pts = 919.41
17.15 X 50% = 8.58 pts = 921.44
17.15 X 62% = 10.63pts = 923.49
ITS REALLY THAT SIMPLE
Jay
Looks LIKE GOLD will follow stocks LOWER, and should break under 888, the previous LOW on Monday
June history
6/2 moon 120 sun $990
6/5 sun 90 moon $955
6/15 moon 90 sun $928
6/22 moon 0 sun $913 intraday
6/26 moon 60 sun $940
6/29 now at $928
7/6 sun 0 moon eclipse
Jay
Thanks Guys. where is Kathy these days.
sam
In addition to fibos for retrace of this AM drop posted by Jay as about 919-923, another target is the area of the minor 4th of that down which is as low as 915.33 to 917.95.
The very flattish up channel has resistance around 918, it may not get beyond that. If it gets there slowly, I will add to my shorts.
Possible target as low as 918.70 emerging where c=a
a 912.86 916.95 4.09
b so far 916.95 914.61 -2.34 -57.2%
c 914.61 918.70 4.09 c=a
c alt 914.61 921.23 6.62 1.618
Ravi
Jay, I do not see LOD at 2, because if we go below 912.86 we will be going down for a while
Ravi
Thanks ravi and Jay. I just saw Ian;s update for today. he is looking for a high today.
something similar to what jay has been saying. crazy rally this PM?
sam
http://timeandcycles.blogspot.com/2009/06/63009-high.html
here is the paste:
Here is the Clincher with expecting higher Prices anytime soon. There is an Apex due on 6/29-30, similar to the one that gave us the 6/11/09 High (see chart). There is a 121 and a 16 TD Cycle due on 6/30+/- as well
Sam, Jay:
I think the HOD is behind us
Ravi
2:00 Pm may have been low of b, based on that target now revised to 917.92
Ravi
a 912.86 916.95 4.09
b at 2 PM916.95 913.83 -3.12
c 913.83 917.92 4.09 c=a
c alt 913.83 920.45 6.62 1.618
Ravi
added to short position
bought swgsn at 1.96
sam
Power of Month-end buying
DJI AM low 8394 , decondary hi so far
8437 or +43 points, only 24% trace-back.
may be it will work next month-end
Ravi
I bought also the spx puts. so ravi and jay where is the next train going to? 904? or just play this one out until July 8-9
sam
it looks like alt c is happening
sam
2pm was a PIVOT low, did not have to be the LOD
LOD was at noon on 204bars -11;45am
That was also wave 1 as I count
The rest of the day makes WAVE 2
Yes 2pm looks like wave 'b'
And then wave 'c' may have hit at 3:48, a very typical time point
and spx 920.57 - RIGHT IN THERE- thanks FIBO
MACD rolled over at 3;45 also
and we ALL KNOW WHAT FOLLOWS
HOORAAY [g]
In the 70's before Granville, there was NO ONE doing this or anyone who professed to it other than Elliott or Gann
EVERYONE thought the MARKET HAD NO ORDER
INCREDIBLE how we see things , and the general public knows NOTHING about it.
BUT today there are thousands learning and doing
SAM, Ive posted TIME and PRICE LEVELS SEVERAL TIMES
Please read the blog
thanks
Jay
ps;
If wave 1 = 17.17
then wave 3can be
1. 618 x 1717
28pts
or
2.618 = 45pts = 920-45= 875
TOOMMORRROW
=360 dow points
Watch for rebound thsday
wave 4
then wave 5 = MONDAY = WAVE "A"
BUT then we get and ABC rebound on the 7th = WAVE 'B"
then one more 5 wave drop on 8th & 9th for wave "C"
Jay
Jerry O just passed along an email from his favorite Elliotter-
Jerry R.
WHO has CONFIRMED ALL MY MATH to as low as SPX 820
He gives NO time table as I have
Jay
Jay are you seriously expecting 45 SPX points down by tomorrow? 920 to 875?
I mean, that would be a crash by 2009 standards post March 6th.
Jay:
Simplified scenario for Y
W 956.23 888.86 -67.37
X 888.86 930.01 41.15
Y 930.01 862.64 -67.37 1
Y alt 862.64 821.01 -109.00 1.618
Scenario for A of Y if 5 waves (could be 3)
i 930.01 912.86 -17.15
ii 912.86 920.69 7.83 45.7%
iii 920.69 892.94 -27.75 1.618
iv 892.94 903.54 10.60 38.2%
v 903.54 886.39 -17.15
Scenario for shallow Y
A 930.01 886.39 -43.62
B 886.39 906.23 19.84 45.5%
C 906.23 862.61 -43.62 1
Scenario for deep Y (alt)
A 930.01 886.39 -43.62
B 886.39 895.72 9.33 21.4%
C 895.72 825.14 -70.58 1.618
But, first we need to go below 912.86!!
I am heavily short at average price of 918, backed up the truck. Stop loss 61.8% retrace of (i)at 923.4 or so.
Ravi
Dan Eric' latest count and projection for Y is in agreement with the preferred (not alternative) scenario for Y to the 862 area:
http://2.bp.blogspot.com/_TwUS3GyHKsQ/Skp51_ZyRsI/AAAAAAAABAM/S4luKSvlt2w/s1600-h/30.png
Jay is the master of time study. My simple approach says that W ended on 9th trading day ( about 8 plus change days long), X was ended (???) on 5th day (5 days long); so simple symmetry leads us to low on Friday the 10th or even Thursday 9. Note duration of X was about a fibo 61.8% of duration of
W.
Jay, I can't go back more than 10 days on intraday charts, if you do the above excercise using intra-day bars, what do you get? How would the result differ from your methods?
Ravi
Fantastic guys. I too am loaded with shorts of all kinds. let us play ball . I am going to sleep until july 8-9 low. It is too stressful to try to pick swing. I did manage though today thanks to ravi and jay. was short as of yesterday cash in at 913-914 and got back in at 920. But was afraid to miss the boat going down stream.
thanks guys
sam
Arak
45 spx pts = 360 dow, and yes it would cement the correction in place
BUT it might have to wait for monday
Math levels
Anywhere from 862 to 820 spx BUT when?
912.86 needs to be smashed by 10am tomrrow, and or 11:29
a strong rebound could test 912.86, and when it fails
then head for 875
POWER index points that way, but propens index is not complete yet.
What is does show SO FAR is a SMASH open and Subsequent rebound-
Im waiting to see what happens after the rebound.
And THSDAY is UP as 2 of the propens indexes are ahead by 2days and they are UP on thsday
I HAD posted 862 as a potential target for the absolute low also, as well as 820, if 862 fails to hold.
TIME wise 8day + 5 day + 8 days symetry takes us to the 9th or 10 and Ive already made a case for the 9th
The 10th does have a 100% / 13 day complete cycle at 10:30, and could offer another dip AFTER an open rally, but not a lower low-its not neccesary, but it cant be ruled out either.
13th is PEGGED FOR A HIGH ENERGY Day and should be quite a bullish display of power.
Ravi
on a 10 day - 15 min chart, the Bollinger bands made a beautiful PINCH & they did similar pinch at close today - but not quite as dramatic.
If they open down 17 pts to 902
= 136 dow, then they can rebound back to retest the support, now resistance at that 912.86 level.
thats what the PROPENS index shows SO FAR.
Ravi
I previously posted a 20 day chart with 2 LINES and support crosses tomrow at 892
Ravi
the CYCLE is:
52 hours = 8days
And
26 hours = 4days
there was 50 hours, if i counted it right from June 11 @1pm to 23rd @11am at 888 - High to LOW
11am from the 23rd to 11am on the 29th = 26 hrs LOW to HIGH
next 52 hr cycle = July10th at 11am
AND the 13day cycle hits at 10:30 to 11:30
BUT it doesnt have to be the LOWESt point.
If truncated by 2 hours = 3;30 on the 10th as you posted possible.
Remember the Nov 21stlow was a 13 day cycle pivot, but it came in after an UP open
Nov 20th was the LOW
THE EVE of July9th calls for A change to UPBEAT
leaving me suspect July9th at close for the LOW
ItS ALSO 44 cycle x 4 from OCY 27th where we had a 13 day 55% meet a 4day at CLOSE
WE KNOW HAVE a 4day meeting at 100% if truncated by 60 minutes
SOOO
we NOW have the LOW at THE SAME 50 hours from the HIGh on June 29th at 11am to july10@ 10:30, but truncating to the CLOSE of July9th at the 4day cycle completion.
Jay
Arak
45 spx pts = 360 dow, and yes it would cement the correction in place
BUT it might have to wait for monday
Math levels
Anywhere from 862 to 820 spx BUT when?
912.86 needs to be smashed by 10am tomrrow, and or 11:29
a strong rebound could test 912.86, and when it fails
then head for 875
POWER index points that way, but propens index is not complete yet.
What is does show SO FAR is a SMASH open and Subsequent rebound-
Im waiting to see what happens after the rebound.
And THSDAY is UP as 2 of the propens indexes are ahead by 2days and they are UP on thsday
I HAD posted 862 as a potential target for the absolute low also, as well as 820, if 862 fails to hold.
TIME wise 8day + 5 day + 8 days symetry takes us to the 9th or 10 and Ive already made a case for the 9th
The 10th does have a 100% / 13 day complete cycle at 10:30, and could offer another dip AFTER an open rally, but not a lower low-its not neccesary, but it cant be ruled out either.
13th is PEGGED FOR A HIGH ENERGY Day and should be quite a bullish display of power.
Ravi
on a 10 day - 15 min chart, the Bollinger bands made a beautiful PINCH & they did similar pinch at close today - but not quite as dramatic.
If they open down 17 pts to 902
= 136 dow, then they can rebound back to retest the support, now resistance at that 912.86 level.
thats what the PROPENS index shows SO FAR.
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