OK, heres Chanakay's chart againSHOWS A HIGH on the 23rd as does ASTRO & the power index below
IT looks EXCELLENT so far
JULY astro points to weakness from the 22nd to the 28th
How high is high and how low is low??
Arak, it matters NOT when you know what time it is on the market clock
And my initial projection to 950 is looking better and should make it above
the previous "A"A wave high at 956 intraday , or 946 on close
We can ALL do the MATH for potential FIBO levels
We are right NOW NEARING the PRECIPICE for the decline for JULY
but NOT yet - it NEEDS TO GO HIGHER STILL
The Astro reading - Monday should OPEN with a RALLY to START
the propens index shows this also, but its NOT complete yet,
so I will UPDATE Monday AM
THE POWER index advance view
7/20 -Monday = 400 ~~ 300 ~~450~~400@eod
7/21 -Tuesday = 350 ~~400- 500~~ 400 @ eod
7/22- WEd = 425 ~~ 525 ~~425 @eod
7/23- Ths = 500~~400@eod
____________________________________________-
MONDAY
The above indicates TO ME an UP open, with a setback and Hgher close, but off the 3pm high
Tuesday
Starts DOWN , rallies, but ends lower
WEd
UP ALL DAY, but might close lower, unless Thsday open lower
Ths
Higher open- lower close
more later
Jay
26 comments:
From a chart perspective on the quarterly, 968 is long term resistance. Maybe we go tag that by the 23rd.
Thanks Jay, markets are flying... HangSang up 3.5%. DOW/SP will move 2% for sure today. Alot of big energy stocks anounce this weak in Canada. This will drive OIL so the high on July 23 may actually be extended to Friday...
The following week is the US GDP #s I think. If the GDP comes accross to be not bad then the market could pump even more. Whats your thoughts on this??
propensity now confirms an UP open
drop afterward
rebounds at close
180bars @ 11:30
204bars @ 1:30
228b@ 3;30
Astro read=
routine day
good start
NOt much doing with aspects
today
but TOMRROW ends the day with a venus 90 Saturn, thus the reading calls for disappointment, and the
power index does drop off a little at days end
Jay
Thanks Jay for the update. Missed your readings last week.
Stellar work Jay. Good to have you back.
fdr
welcome back Jay. thanks for your posts on twitter.
so a good short entry would be on 22 or 23 close.
sam
Activity index was FLAT at a high level of 233 most of the day
it dropped to 166 earlier as the dow also dropped off its highs
IT IS NOW at 166 AGAIN after a very brief run up to 233
Its NOW almost 2pm and the mkts are retreating again, this time at the 204bar cycle low at 1;30;
has been hit and passed it but the mkt has NOT rebounded just as the activity index is slipping lower.
Propens index SEEMS to be pointing toward the 3;30 time slot for the LOD
Heres an interesting observation
I did ADD more shorts at today's high dow +75, and am looking for a TIME to close that position.
IF I dont close out at 3;30, then the NEXT best CLOSE would be tomrrows OPEN
However, WE Still have MORE CHOICES
Next best time would be Tuesday's CLOSE, but I dont have the PROPENS index data to confirm that YET.
You might notice that Im not buying LONG, yet. ITS very likely we SHOULD do that on tomrrow's CLOSE
WED promises a GOOD PRODUCTIVE day
& should be THE HIGH of this RUNup.
SAM, Arak, Craig, Jeff, & others
I think I want to be SHORT at WED close, but will update as we go.
OK, AHA
the ACTIVITY INDEX has TAKEN DIVE
& is NOW at 1:45 at 133 indicating lower levesl within the next hour = 2;45 to 3 pm or as late as 3:30
THE CLOSING rebound might ONLY be LESS than full recovery on the day
at least thats what the propen is showing NOW
BUT lets SEE how low the 3 to 3:30 time slot gets us.
INTERESTING note - [IMO only]
TOMRROW"s NEW MOON along with that Venus 90 Saturn should be making the mkt confusing as of today, and thus it should be getting weaker as the day progresses
AHH YES- BATHING SUITS cover more skin- signs of a bear mkt-
SHOOT, I want more skin [[ggg]]
Bring back the bull !!
more later
Jay
Thanks for the update Jay. will be on look out for good short entry. also a long entry for tuesday close, if we drop to 920-910 area. That should give healthy run up on wednesday for good short entry.
staying out of until tuesday close unless we drop significantly.
sam
Amazing how things change so fast. Not a good time to buy is right. Monday seems to be the strongest day of the week, but it's weakening. Wouldn't surprise me to finish the week down from here. Will, if Wednesday doesn't show some umph!
So Jay in other words close any long at todays high and then buy a long at tuesdays low at open, close by wednesday. Then short on wednesday high?
pk
PK that is my understanding also.
Bought some puts for day trade at 947
sam
Jay, it looks like tomorrow's open is good short exit point? or wait for the Tuesday close? does not look like today we will see any lower here.
sam
2pm was the 13 day low at 2pm, and it hit right on schedule, thus the
rally afterward.
BUT now they are weakening again into 3;30 and its now 3;35
NOT sure if I should add more shorts or not-
note __ GS now nearing the same price level in Spt 2008 where it went into a collapse at $170, but still short of it by $10
Wall St getting excited about it
IS IT NOW TIME TO GET SHORT?/?
Still wants to wait for Wed
Sam, and PK, YOUve got it right
Jay
SAm, lows today is NOT on the schedule
Will buy more shorts at close today and depend on the new moon & Saturn to drag it lower tomrrow by days end
Today revolved around the HOURLY
11am low & turned higher to
1pm , & turned to lows at 1:30 @ 204bars
2pm @13 day = higher by 3pm where it exploded UP.
258bars at 11;30 tomrrow
then 30b@ 2pm
POWER index drops at open from 400 at close today to 350 tomrrow
open, but rebounds to 500 during the day and ends at 400
IF I buy more shorts at close, I should sell some of them at 11;30 tomrrow and the balance at 4pm
Jay
That 950 call you made kind of shocked everyone at first but here we are 6 trading days latter. The day worked out pretty much according to your posting. Great job, good to have you back.
Craig
Thanks jay
sam
Jay
I have been tracking Chanakya's chart, so far it looks like it did very well. Do you think we will go down a bit before we hit the high on 7/23?
MDSZJi
thanks for your question, but read the thread-its already been answered
TOMRROW has 2 shots at making $$ on the PUTs that I bot
11:30 = 258bars
11:30 = 55% /13day cycle
Looks like 11;30 is ONE important time slot
4pm has Venus 90 Saturn
readings for the day calls for disappointments
Propens index shows DOWN OPEN - Up till mid day & Down at close
activity has dropped to 66 next to lowest value which is 33.
power index seems to show the 11:30 low as best?? but we'll see
If Im out at 11;30, then I will be buying LONg at 4pm
READINGS
22nd = productive
23rd = SUDDEN CHANGES
24th= tempermental
27th= leisurely day
28th = UNSTABLE & watch valuables
29th = 13 day cycle @ 10:30
NO shopping
good news is not so good
bide yur time
30th = difficult encounters & poos communications
more later
Jay
ok Jay I got it, thx
Power index is based on what?
Hi Eveyone:
I am bacck in the USA and the similar time zone as others here.
Looks like we completed Wave (iii) (up from 869 low) at July 16th hi of 943.96 and done a, b of extended correction for wave (iv) in two days. Today should be c of (iv), with a target in 927.45 to 934.31 area, the area of the prior lesser degree iv.
Say we end (iv) at 930; then (v) = 1.618 of (i) will target 960 area as the end of A and beginning of B for a deeper correction.
Can we do all that by 23rd to fit into Jay's time consideration? Certainly looks plausible if we sell of about 20 points today and then a do 30 points in a 5 wave up for the next two days.
Jay, are you looking for top near the closing on the 23rd?
Ravi
Jay, When is the best time to jump back in and go long?? ...Do you see a pull back soon so i can jump back in Thanks Eric
Ravi
Good to have both of us back
I was on vacation last week
MY work seems to be looking at mid day on the 23rd for the HIGH & TURN
the reading for the 23rd=
DONT FOLLOW THE CROWD
Look for SUDDEN changes
safeguard your possessions
the BULK of the decline appears next week thru the AM of the 29th
960 to 970 should stop the advance if we get back to 940 area today which was last Ths/fri closes
I think 935 might be more than I can expect
Today's PROPENS shows
down -- up - down close
notice that Chankya's chart coincidentally also shows the 23rd as the TURN date
and AS I mentioned several times 2+3 =5 = change
_____________________
Steveo
IM waiting for SOME ONE to PAY ME BIG BUCKS to find out what the POWER, propensity, & activity indexes are derived from
MORE LATER
Jay
Jay,
Do u think AAPL's earnings will ignite any fireworks after hours and Uncle Ben's testimony during the day.
I would buy on the dips here because tomorrow looks like a heavy up day. But I can't. Too short a time for IRA settlement. So I'll wait for the high tomorrow and get some QID. Down should go to Friday.
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