Just in case you missed this - PIC is from RED DRAGONUse the LINK on my main page to his blog
Even tho we see the FUTURES pointing lower at 8:45am,
I think the day should end on the upside
and at least attempt 1096-1097 as has already been mentioned by others.
As far as GAP opening lower, we will probably hold that off till FRIDAY and or Monday
SPX 1080 has been posted by others as an important break point.
FLUX indicator is FLAT and has been for 3 days = bearish
Activity index was FLAT at 66 ALL night, but is now at 100 @ 9am
propens index shows some weakness in the AM, and strength later today
Jaywiz cycle has a pivot low due at 11;29am-
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basically more stalemate today- good to hear that
CNBC sees the 1100 as a culmination point,
BUT NO ONE is predicting a major sell off
FOR more charting- LINK to Red Dragon, and use his links to see some
very good charts and commentary
more later
Jay
37 comments:
so no big weakness at 10am Jay? looks like an up day all around?
My pee pee indicator needs adjusting...my huge gap down prediction apparently was meant for tomorrow. But, my flux capacitor says we crash soon...roundy, roundy we go
atilla
reversed my long from /es 1084.75 to short /es 1095 thanks Jay
rrman
We HIT 10am hiGH at
1097.94- still within the 1097 range as predicted
Monday they popped over 10,100
6 times during the day - failing to do that today is very telling at this JUNCTURE
they should now drop off to the 11;29am
As I WROTE
GOOD OPEN
GOOD CLOSE
in between= slop
As I wrote- today is influenced by
IDEALISTIC FANTASY
Atilla
I think the BM indicator
works better [g]
I re shorted at 10am
AND as I posted, EXPECT the emphasis to change on the 22nd, especially later in the day
Should lead to a lower gap open on Friday
Jay
Jay,
There is NO WAY anyone can predict(guess) how the market will open on Friday. Please.
OK, Tony V,
Im smiling
Your probably correct
In fact, if we do get a good sell off on the 22nd, friday might just recover some.
&
we might not get that massive gap lower until Monday
Jay
Hi, Pls short and do us semi-bulls a favour.
WED - WFC, Crude Inventories 10:30
Thursday- Initial Claims (8:30)
Leading Indicators (10:00)
Existing Home Sales (10:00
UPS, AMZN
FRIDAY - MSFT
If Im wrong then I guess I loose money. For now the TSX is above MA20 11350 so no need to exit....
Thanks, your Italian CDN
Joseph
Good read for Bulls till year end
http://www.safehaven.com/pdf/shaw_2009_10_19.pdf
Testing my timing today.
I think our high will be 11:06-11:14.
Low: 14:45-15:00. Could actually approach flatness.
central or eastern Coy?
Dollar isn't cooperating. But that's OK. Seems to have bottomed. And you know what happens on it's rise.
Always Eastern Time, RRMAN.
11:29, Right on the button there, Jay.
Well, Jay, I have indications of open down, finish down, -200 Dow type day tomorrow.
HI Coy
Very likely
Jay
COY
Midnite high tide on 22nd
might hold them at bay fro tomrrow
However,
Friday opens at 9:23 with Moon 150 MARS indicating a RUSH OF ANGER
thus my call for A GAP down open
Friday
AND ITS AMAZING HOW OFTEN the 23rd provides a CHANGE of direction
2+3 =5 = CHANGE in numerology
Go back and look just this year
1/23 =up after
2/13 = up after
3/23 = down after
4/23 +
5/22 +
6/24 +
7/23 +
9/23 -
Jay
LOOK at the chart of BAC
HIT TOP on OCT14th and appears
to be building 5 waves DOWN to complete wave 1.
Wave 2 could be be very brief late today & tomrrow, and then-------
Jay
jay, ive long wanted to take a look at some stuff on numerology,im not sure i would use it in my trading,but i find the topic of interest,markets aside.any books/reading material you would reccomend?
just google or bing it
lots of info online
and any simple book at library
will give you basic info
Its really very simple stuff
each # represents human emotions
and or activities
Jay
3:30 coming in at 180bars
close should be better
close under ES 1080 will seal it with a gap down.
WELL now, so much for 3;30
thats a lot more than i expected but certainly welcome since I shorted at 10am
Jay
this is much more like it.as arak says,ill be a lot happier when 1080 breaks though
good call Jay out of my 1092 short went long 1080
good trade rman. and good calls jay. went short at 1093 and covered 1083. waiting for better entry. there has to be a bounce here to short.
jay are you still looking for bigger drop on 22nd here?
will appreciate your fresh scenario
sam
The "DROP" has begun. This is IT. It might not let you back in. If it does you may only have a window of a few hours and not much price retracement.
dave
Watch out Canadian TSX longs. The TSX is showing much weaker signs and this drop looks very bearish for the index. The fact that this correction is occurring without taking out the September highs is a very ominous sign. See you at Jay's NOV 2 LOW which will only be a pivot low before we go lower into mid NOV.
Mortie
If you didnt get short today, then astro readings would suggest tomrrow
this looks like one of those very brief periods of 3 to 4 days when it will pay to be short
In other words, its not a time to play both sides.
I did not close shorts, and will hold against any meager rally if any tomrrow
LOW on 26th
Mortie
thanks for the comment
YES- there are 2 critical PIVOT dates for NOV are 6th and 13th
I dont like to get too far ahead- it gets too confusing
Jay
NOV 13, I will be another year older
when positive earnings start to stop working and even produce negative reaction, you know that everything is already priced in and nothing left at the table.
Frank
"Buy 21st at 11:30" Sell 22nd mid day
OOPS!!
Jay,
Please post your trades. Real time.
Please. This astro, ew, cycle stuff
does NOT work!! Prove me wrong.
Post real time trades.
You actually got one right, congrats!
Ive already told you
I bot short at 10am this morning
DJX DEc puts
Jay
Jay said he expected a sideways day with upside into the closing. We pretty much capitulated into the closing so the opposite happened so why say to him good call? is it sarcasm or am i missing something?
ps Happy bday Jay!
Atilla,
Is your pee pee indicator saying gap down or up
Sol
Who cares if gaps up or down tomorrow. If it gaps up it won't last long. 100% guarantee of more time to decline. Absolutely Positively no question about. If I'm wrong - and I won't be - you can mock me tomorrow - which you won't cause markets are going down down down!
Billy
The topping process I called last July 27th is a bit long in the tooth, but still in effect and my projections are coming out perfectly for 5 months now. My modified pee pee says major gap down that doesn't fill tomorrow and selloff into the close. It will be epic...roundy, roundy we go.
atilla
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