Jay here is interesting observation from Evil speculator blog, that will make you worry less about your long position.
SAM http://evilspeculator.com/ "Just something to think about heading into the weekend. What are the probabilities for a 5th week down? The maximum since October 2007 have been 4 weeks to the downside - just FYI."
One more reason why Monday will be green -- up. from cbora blog:
SAM
http://cobrasmarketview.blogspot.com/
07/10/2009 After Bell Quick Summary
We had both VIX and SPX down on the same day, from the chart below, counting the vertical green lines, 8 out 10 cases, the SPX closed in green the next day.
12 comments:
tHANKS JAY. WILL HOLD SMALL LONG POSITION OVER THE WEEKEND
SAM
It looks like market wants to rally but Friday has everybody absent to buy calls.
frank
Agree
Next week has 2 different potentials
rally on Monday & Tuesday to WEd
then drops off thru Fri
OR
Rally on Monday that fizzles & drops back into WEd, then rallies to the 20th
20th seems to be the KEY date as ARAK pointed out is a GANN DATE.
and As I posted
its 112 tr days from FEb 6 high to high
High to high seems to end at 112 to 116 tr days
Murrey Math reversal dates
July 9
July15
July21
July27
IMO,
LOW
HIGH
HIGH
LOW
Ive tried this b4, see if its good for next week
Numercical values
13th = -16.365
14th = -15.875
15th = -22.717
16th = -22.959
17th = -16.771
20th = -12.176
21st = - 10.645
lowest value on the 24th= -6.053
28th = - 24.097
Activity making a LATE comback, but I'm beginning to think we WILL SEE A HIGH ENERGY DAY on MONDAY
Jay
Thanks Jay..... Have a good vacation !! Eric
When will we see you next??
Thanks jay and have great vacation. drop in, if you can. you helped me a great deal.
holding long over the weekend
sam
ITS about time, and I really think it will continue on Monday
Im going to hold since they are August calls
Worst case scenario, I will hold till 20th, as I will be back on the 19th, Sunday, and will have time to do a review
BUT I can trade on my SELL phone, BUT its much more tedious.
SINCE 11;30 AT the 13 day cycle came in nearly on schedule, we cannot negate a rally thru at least 50% of the next 13 day cycle = July20th
Jay
Thanks Jay,
Enjoy your vacation time. Send us a photo. Enjoy your golf and time to yourself.
Craig
Great job Jay!
Enjoy your vacation, long and strong.
Jay,
Can we hold off the rally until u come back (lol). Next Friday likely up, IMO opex
Reza,
Max option pain on spy is 91.0
It's not something to bet the farm
on but.....it would indicate upward
bias.
Jay here is interesting observation from Evil speculator blog, that will make you worry less about your long position.
SAM
http://evilspeculator.com/
"Just something to think about heading into the weekend. What are the probabilities for a 5th week down? The maximum since October 2007 have been 4 weeks to the downside - just FYI."
Cheers,
Mole
One more reason why Monday will be green -- up. from cbora blog:
SAM
http://cobrasmarketview.blogspot.com/
07/10/2009 After Bell Quick Summary
We had both VIX and SPX down on the same day, from the chart below, counting the vertical green lines, 8 out 10 cases, the SPX closed in green the next day.
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