THE FUTURE

THE FUTURE
PRECISION STOCK MARKET TIMING

Thursday, October 15, 2009

Tech SELL SIGNAL

INternals just gave a TECHNICAL SELL SIGNAL

You may not know it , but I keep a DAILY LOG of

DOW
SPX
NASDAQ
NDX
XAU

PC ratios

spread sheet with daily ARMS index back 5 + years

IT JUST ISSUED A TECHNICAL SELL SIGNAL

ON 10/1

5 day ARMS was @ 160
5day TRIN was@ 802
10 trin was @ 1538

on 10/16
5day arms = 79.4 -- under 100 is a sell
5 day trin = 397 -- under 400 is a sell
10 trin = 841 -- under 1000 is a SELL

THE KEY number is the 10 day which just dropped out of bed today

Tomrrow @ 10am
Will most likely see the dow at 10089
and spx at 1098

Jay

30 comments:

Anonymous said...

BUY THE DIP!

stan

Joseph said...

Picked this up from Mikes site that I review.
http://marketsci.wordpress.com/2009/07/03/revisiting-the-day-after-options-expiration/

www.mikevadon.blogspot.com

Joseph said...

Hi Jon, read your comment and your right, I should not have spoken that way to dd, bb and X Anonymous folks. No excuses, just tired of having folks bash Jay when he has helped out folks such as me!! Growing up I had a thing of sticking up for people, I think it was where I grew up, my faith. Anyhow, I will let Jay do his own defence, he doesnt need my help.

Im still long, I think folks will buy the dips but what Jay just posted has concerned me that maybe I am a tad to long??

Thanks
Joseph

Anonymous said...

Everything is still Bullish despite the small correction today. More panic mania by the short wannabees again.

carl

Anonymous said...

So now when we finally go down after you've been bearish for weeks, you turn bullish? interesting

Anonymous said...

10:00am has passed so how's where's 1098? Jay are you a buyer now?

Joseph said...

This guy called the peak 2-3mths ago, one of the reasons I went Long aside from a few others. But his top was called not only by the # hit on the SnP/DOW but time as well. Now Im really confussed....
His name is MR TOPSTEP, chk the video out on Slopers..

Anonymous said...

joseph

slopers? topstep?

do u have a link?

thanks

diane

ARAK said...

diane,

http://slopeofhope.com/2009/10/sea-change.html

Jay Strauss said...

10am did NOT offer a new high

however, it did offer a rebound off the open low

and 11am was a low at 150bars

39 hr cycle shows a match with Jupiter at 1pm for possible HOD

Jay

Jay Strauss said...

yes IM A BUYER NOW

MORE SHORTS

Jay

samamehta said...

Jay, I assume you meant you are buyer of more shorts?

Or now you are long but will go short after the bounce?

Jay Strauss said...

just SHORT

SAM
POWER INDEX for NEXT Week in addition to 39hr cycle & 8day cycle SHOWS an initial LOW on the 20th at 11am

I have the timing posted on the main page thru NOV 2nd.

GAME PLAN
I will be BUYING limited calls on the 20th to be closed on 22nd by mid day at the latest.
&
I will be re entering shorts at that time

Jay

Jay Strauss said...

Diane,
use the LINK to RED Dragon
from my MAIN page.
He has numerous EXCELLENT other links also
slope of hope is there, but I also linked it from here
Jay

Jay Strauss said...

STAn;
Please refer to some of the LINKS on
my main page and also links from Red Dragon

THE UPSIDE WEDGE is BUSTED

the BROADENING TOP is clearly shown

see COBRA and other charts

Jay

Anonymous said...

thanks arak, Jay,

diane

Anonymous said...

Jay,FYI
Gann used to draw his trendlines in the following manner.
1 pt per day ( a 1X1)
2 pts " (a 2X1)
3 pts " (3X1)
4 pts " 4X1
8 pts " 8X1
16 pts " 16X1 so now 1100 is important because
we are 10 days from the oct 2 low of 1020. 1020 + 80 is (8X1)=
1100 and the 4X1 is at 1060 the next important level.
Try these trendlines on your SPX charts. So if this is a short term low today and the 19th-20th is going to be the high,
Monday is 11 days from the oct 2 low and the 8X1 is at 1108 !!
8X11 = 88 + 1020 = 1108
Also Helio Earth coverted longitude on moday is 1107
GS

Tony said...

Gs,
Gann had so MANY lines, that the market almost always stopped at ONE
of them. But you never knew which one
until After the fact. Just like EW.
It's great.....after the fact.

Anonymous said...

this is probably more boring now than the never ending march to the 2007 highs.trend traders are laughing there socks off,while everybody else is jumpin out of short trades for 2 points or getting another ass whoopin.day after day the bull will not die.went short earlier today and had over 7pts in it but back to breakeven now arrrrrrgggghh! shouldnt trade like that really but when she does go shes goin big time.thats the greed factor for you lol.

Anonymous said...

Tony,
the ones that really work are the ones that square Price AND Time.
GS

Joseph said...

Hi, well said after8. Theres to much whipsaw going on and to try to beat the tape you need to be a really good trader, damn good. Folks need to realize that there going against large firms with heavy duty research, Tools and experience. I believe swing trading or longer term plays within cycles of 1-3mths is a safer play. Unless your prepared to risk heavy capital and alot of time......
Anyhow, as I said Im still long until I see a real reversal with volume from certain sectors. Will need to break 1075 or so to start the decline or SPY back to 103
I guess will see Monday/Tue
Put some money into property, start off with 3-6 unit dwellings....

Thanks
Joseph

Tony said...

GS,
Can you point out a current one to trade on???

Anonymous said...

i take my hat off to those people who can stay long rigidly following there system right to the death point and watch the market take back at least 10 percent of the profits in the proceeds ha ha,this is the one of those trades per year you have to be in to make it pay.i tried trend following a la turtles style when i first started out and i got absolutely killed! you have to have big big accounts to crack that nut and be prepared to clock up way more losses than wins.it wasnt for me but none the less there are those more patient than me who can really play a tune with it.good luck joseph.

Anonymous said...

Tony,
Use the 8X1 from the 1020 low.
Look at it on the daily and the 60 minute chart. 8 Pts per day
GS

Anonymous said...

Tony,
Also draw the 1X1 down from the 1080 high on your daily and 60 minute. The angle on 10-13 was at 1066 LOD

Coy said...

IRA trade: I'll be selling my inverse ETF today, Monday being too much of a risk, and the need for early week settlement for buying long. It's an up week.

I've likely missed the low of the day, 10:56, so I'll wait and see what 15:48 brings.

Anonymous said...

in short again at 1090.8.holding over the weekend.

Anonymous said...

Monday gap down

Atilla

Anonymous said...

HUGE GAP-UP on MONDAY!!!

100% Guaranteed!!!

""

UK Trader said...

This week is important from a lunar cycle standpoint. First of all, this Saturday (October 17) will witness a new moon in Libra, which oftentimes does correspond to a high prior to a substantial decline. Yet on Tuesday, Mercury will form a trine to Jupiter, followed by the Moon in Sagittarius on Wednesday and Thursday. When markets are rising, these factors can also correspond to a peak, for Jupiter and Sagittarius represent the principle of optimism, particularly with Venus in Libra.