Im GOING TO CLOSE out some of my short positions at 3;30 and or close today
3;30 pm is 90 bars using 329 on Friday at 2;30
OR
168 bars adding 60b from 1;30 minor dip
PLUS 108 bars which gets us to ** 4pm today
THIS IS NOT a usual suspect when it comes to bar cycle lows
BUT the PROPENS index does show lows at 4pm
AND
BOTH the POWER & PROPENS index show potential for OPENING rally
& Theres more
IN ADDITION
there is a Moon 60 Mercury at 8:37, and guess what
there are several reports coming out at 8:30
housing starts - PPI- Bdlg permits just to name a few
the 8:37am ASPECT infers ENTHUSIASM
Should get us an OPENING rally TILL at least 9:45 to 10am,
but it should be JUST that short lived **AS BOTH indexes show losses to follow
More Later
Jay
11 comments:
fantastic
thanks Jay
sam
Yes thanks Jay nice call I am flat and it seems the 328 is about right. I am running charts and everythings seems about 1/2 hour off. I wonder if it gets skewed a touch when the market is running and on the smaller time frame like the 5 min chart.
I will reenter short if we get a nice bounce and 930 looks good
Amazing, you.
OKEEDOKEE Jay.
I'll hold my longs till tomorrow.
Kathy
I got out of put options now. may be too early but had to lockin the profit as i have long way to go to make it up.
if the spx tanks today by close will buy calls--small amount.
thanks jay.
looking for tomorrow's entry.
http://astrocycle.net/Jun09.php
2:50 pm was the LOD at 156 bars
that makes 180 @ 10;30 a very
good candidate for the AM low
Tranny's off 150 also
180b@ 10:30
204b@ 12;30
228b @ 2:30
Pres gives speach about MARKET REFORM on WED.
I doubt he will NOT get applause from Wall St, and Im sure it will add more juice to the projected selling.
Couldn't ask for a better catalyst.
I did sell some puts and will RE-BUY tomrrow between 9;45 to 10am
919;90 was darn close to previous gap-
BULLS are DROOLING to buy
they will do it all the way down- bottom fishers
The TURN will be obvious when those bulls tell us its better to wait.
but we dont have to be held hostage to that sentiment
17th LOW
18th BUY the last dip- look for BARGAINS
more later
Jay
revise that statement
I DOUBT HE WILL GET ANY APPLAUSE FROM WALL ST.
Jay
Jay when you say 10:30 a very good candidate for the AM low, you mean that tomorrow?
sam
Sam
I think the 228 bar low at 2:30 will be more important and could be the LOD
Any recovery off that low going into the close tomrrow, however, will NOT meet the same reception on Wed AM
and whatever they do recover might not be much as there is a Merc # Pluto at 3;52pm indicating intensity feelings - not conducive to buying moods
Summary
OPENS HIGHER
DROPS after 10am
makes a low at 2;30
recovers to 3pm
sell off again into 3:55pm-4pm
Open WEd to be posted when I get the Propens index tomrrow night.
more later
Jay
Wed AM should be quite the opposite of tomrrow am.
Can we get one more good short in ? Time for the Pres. to lose some popularity
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=0&i=p32718311989&a=162778891&r=372
I will be watching this Tues. for an entry short
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