New thread for today
a close under 970 today should lead to the big sell off tomrrow, and finishing friday low at close
Todays read:
NO shopping
No $ Planning
keep secrets
dont listen to the crowd
bide your time
_____________
Thsday
difficult encounters
poor communications
arguments over $$
_________________
Friday
unstable communications
intense power conflicts
__________
Monday - Aug 3
BIG BIZ GETS the GREEN LIGHT
Friday Aug 7th
Fortune Smiles
Monday Aug 10 starts a little setback, but theres still more bull till the 17th
Jay
THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023
33 comments:
GM Jay,
Any updates about the propensity readings
Thanks
propens indexes have NOT plunged, but are NOT showing any rally either - still at lower levels down from 3005 earlier this week to 2986 yesterday & today
in other words, they are holding at lower levels, but not lowest possible -
Activity index ALSO on hold at a lower level of 100, but more big declines that we have seen occur when its at 66 to 33
As per Astro, and cycles, I do expect those indexes to confirm the POWER index near its lowest levels at 250 TOMRROW
Jay
JAY::
Do u see a LOW this 11:00am ??
Thanks
chris
11am is an HOURLY DAILY low accompanied TODAY with the 13day cycle LOW
IT IS NOT THE LOW of this WEEK
DID you read my main POST OR NOT??
Jay
Sorry Jay.
I hav to train my mind to read backposts. Great stuff.
Thanks again
Chris
MKT Update: as predicted, battle was fought at SPX 972.8 yesterday; longs alert here at SPX 966; turns 7/30,7/31; last update 8/11/09 :-)
The Flash
Which happens first: 999 or 954
We are still wiggling around.
There are two formations:
- A head and shoulder with 954 target. Needs to break 969.35 to get into play
- a triangle with 999 target, needs to break through 982.50
Let us see which one gets into play
Ravi
Ravi, jay as i write 969.35 is very close currently at (969.70). let us see.
sam
I'm testing some new work. Let's see if this pans out -
We had the LOD day at 11:42, a secondary low (not as low) comes in around 12:36. Of course, not the low of the week.
My timing sucks. Should've given it a 20 minute window.
So we broke 969.35 by a hair.
Let us see if that holds
from Chris Carolan
The intraday volume oscillator has an important message now.
eMini prices are holding above the 11:45 AM ET lows, but the volume oscillator is making lower lows. Odds are price will follow the volume lower later today.
http://carolan.org/wp-content/uploads/2009/07/072909voludd.gif
from Swinger
swinger 10 minutes ago
$DXY ST resistance at 79.62, ES LT support at 964...bottom spotter signal detected yesterday on the buck looks like it could confirm today.
...watching with interest.
guess the commods are what they are selling first after the rough bond market day maybe stocks will follow thru starting tommorrow as Jay has projected
Lookin for a long trade into the close.
Will I get it?
Filip
Activity index LOWER
now at 66 at 3:30pm
mkt should DROP at close
TOmrrow should be the BIG DOWN DAY
for the reasons Ive already outlined
Jay
I will say this. When this correction is over, we are in for one Doooozy of a rally!
This consolidation ain't making any dent whatsover.
DAvid
JAY::
Is tomorrow open UP??
Thanks
Chris
Tomorrow is BLACK or RED Thursday.
It's going to be NASTY!
Billy
We are not in a top or decline? Are we?
It seems its a bull market consolidation that is merely waiting to shoot up so we may not see another dip to cover our shorts.
We are doomed unless there is one day of sell off which does not seem to be the case here as far as technicals are concerned. Pl contradict me.
Billy
If not tomrrow, then they will wait for FRIDAY
TALK ABOUT Squeezing every short until we squeal
ANON- You have no intestinal fortitude
A LARGE {{down day}} WILL OCCUR - WILL OCCUR- WILL OCCUR on or BEFORE THIS FRIDAY - am I repeating myself [gg]
ITS AMAZING how ACCURATE the READINGS ARE
CNBC is LOVING it and every commentary says SEE how WELL they have recovered today & yesterday
THEY are claiming NO drop is coming
And I repeat the READINGS for the day
DONT BELIEVE what you HEAR
GOOD NEWS IS NOT GOOD NEWS
dont be gullible & Bide your time
I really want to be LONG at close on friday, but they are not making it easy at all
GOLD is accommodating, and Im short since Monday.
Jay
Jay:
Despite your activity index dropping to 66 at 3:30, the market went up rather than down.
Is that failure of your index, or it is matter of time lag?
Market is essentially correcting sideways in narrow range of 969 and 982 for four days. That does not look like wave B, it still looks like some kind of wave iv that ends with one more thrust up, before A is complete.
Ravi
thanks Jay I think today was the commod liquidating day they saved the stocks for tommorrow Primary Dealers have to buy all those bonds and they will need money to do it...
Ravi
the MKT IS BIDING its TIME
Propens shows the Morning higher
but I dont have the whole day yet.
One of the group of 3 is STRAIGHT DOWN from yesterday, but it is commonly one day behind the others, which points to a collapse at close tomrrow & a Friday slump.
CYCLE convergence is VERY STRONG FOR Friday
as per the 55/110 /165 tr day cycles
BUT even more so 192 tr days from the OCT 27th LOW
192 / 8 = 24
they are FOOLING everyone, but its just s function of the general atmospheric mental conditions induced by the aspects which again for tomrrow also indicates ANOTHER WAIT DAY.
Again there are readings which state
DONT BE GULLIBLE -
IGNORE rosy predictions - opinions
Morning = one step up and 2 back
I would like nothing more than
to see it come apart tomrrow, but Im holding my breath as much as anyone else who is also short
Gold has responded well, but I think it might recover some tomrrow AM also.
more later
Jay
Jay:
The best read on EW is that we made the e low of wave iv today's low. That implies wave v of (v) tomorrow. Minimum target 985 most likely target 999 and hi target 1005.
So, unless we gap down tomorrow, most likely scenario is top tomorrow or sometime Friday. In that case, your buy at Friday close will not make any sense.
EW and your timing seem to be at odds this time.
What will you do if we thrust up into tomorrow and make a hi tomorrow or Friday?
Do not say that it won't happen. There is no such certainty.
I am 70% of max short since 962. I am thinking of going 100% if we thrust towards 999. Lower my breakeven and not speculate on how low B goes. Get out around 956 for a minor profit or even at breakeven before that. Once I am wrong, I switch to minimizing loss from maximizig profit.
I have been wrong about the topping of A.
Ravi
stopped out of my positions overnight.im not waiting any longer for what now has to be a one day wonder decline.been holding draw down after drawdown for the last 2 weeks.i should have cut yesterday at the lows but allowed myself to trust too much in someone elses work.my account like a lot of peoples i know has been severely bashed.for me personally its about capital preservation and a bust up much higher would be too dangerous a situation.im gonna watch the action today and tomorrow,maybe throw a few scalps in and out and see which point seals,i.e. a high or low.
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Everyone...
Imade a critical error in reading my work yesterday that led me to say that TODAY Thursday, July 30 would be nasty.
Sorry.
I fixated on one signal and allowed it to blind me from the glaringly obvious signals generated by other indicators.
Doesn't mean that a decline will not occur in next couple of days BUT I must see how this day develops in order to determine if we started newer larger cycle or continuing current.
Billy
r we still hitting 870 by tomorrow?
y
Hi Guys, like I said a few days ago that we would close up on Thurs Friday due to certain companies announcing and GDP et... I Sold TSX Tue and bought in Thurs on the TSX. I do believe we will test res at 982 but everyone sees that... I suspect will bounce dn to 930. Question is when. We made a lower high and now we got a lower low but it was so, so small. We need a better break to really start the selling, what news will trigger this, unsure... If we dont sell off this week I would be interested as we all are on Jays and Ravis nre call.
Jay, prepare for a toxic dose of humility.
Reamed
So we are in the 5th wave thrust finally. It has met the minimum 987 cash eqvlnt target in pre-market already.
That may be it, or that is only i of (v), in which case 999 to 1005 is within the range.
(i) 869.32 887.86 18.54
(ii)887.86 872.81-15.05 81.2%
(iii) 872.81 979.42 106.61
(iv) 979.42 968.65 -10.77 10.1%
(v) 968.65 987.19 18.54 (v)= (i)
(v) alt 968.65 998.65 30.00 1.618
(v) alt+ 968.65 1005.73 37.08 2
Ravi
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