from Chart pattern traderIMO,
THE LOW of NOV 2nd SHOULD be the start of an UPTREND lasting till DEC 4th
BUT OF COURSE - NOT a straight line
in fact quite jagged and might even make some lower lows along the way.
but more about that later
_____________________________________
lets talk about NOW
Futures at 8:30am now positive - dow +50
AS was mentioned a few times we GOT the LOW at 1029 on NOV2nd
NOW- POWER & Propens INDEXES are BOTH pointing higher today & tomrrow
upper channel line appears from technical charts to be in the 1070'sh area
Midnite high TIDE Saturday -7th
Natural energy shows rally mode to continue into FRIDAY at about NOON
and power index shows a drop off Friday afternoon into the 10th at the Sun 90 Jupiter
The NEXT Negative this month occurs on the 15th with Saturn 90 Pluto
and should coincide with another low on the 13th-- some people insist on the 12th
I know, You want to know;; LOWER LOWS or NOT-- Impossible to answer
so I wont even try
more later
Jay
23 comments:
c'mon ms. market. Let's open up a can of whoop-ass on dem bears. Ah-eeeeeeeeeee.
mark
Still waiting for 1070 so I can short. Oil's also looking like a bargain here if you pull up a 15 min chart.
x
Let's go 1070! Long and strong at the open. We may even blast through 1070. This action is very bullish.
Jay is what you said yesterday still look good?
High at 1pm
Low at 258bar at 3pm, along with moon 90 Jupiter
then STRONG CLOSE AND HIGHER OPEN Friday on JOBS report
Might top out at 1070 Friday
THEN ITS DOWN FROM THERE INTO TUESDAY
Thats great for Longs like me, I did not get spooked out of my Longs, collected my Dividends Nove 1st and next is on Nov 16th. Jay, you mention a severe low on the 12/13th. Do you feel strong about this. If so I would probably take your adv and skip the Div payout for me on the 16th. I wont hold you to it, I just respect your opinion.
Thanks
Joe
I'm thinking we get a 10 pt pullback interday 1-2pm would be a good time if you still think the bar levels hold up
the way they are moving higher this early makes me think 1080 is the target tomrrow- which is the High of the LEFT shoulder on 9/23.
rrman , Joe
The only hard set back today is at 3pm at 258bars & 90 Uranus, but that leaves the door open for a strong close and strong open tomrrow.
90 bars then occurs at 4pm on FRIDAY and OR OPEN Monday
I think I want to be short at the NOON hour tomrrow
Jay
Thanks Jay, appreciate the feedback.
Take care
Joe
I think today's high comes in around 11:27.
Could be wrong.
went short at 1060 it bounced off the top of the new channel at 1060.75
what shorts ?
SOLd my CALLS dow + 185
Will wait now for 3pm, and might buy back to sell at open tomrrow
Sold TNA for 2pt gain on MKT GURU
12;30 is 228 bars for next possible pivot to get to 1pm or 2pm high
this is NOT a day to SHORT
Jay
http://tickerforum.org/cgi-ticker/akcs-www?getimagenr=50618
1050 is my target but 1040 is the bottom of the channel
Ok,
that BLUE line on TOP = 78.6%
at 1080 area.
Should reach for that tomrrow am
by 10am
I will be shorting that one for sure
Jay
Do you think we'll hit 1070 today Jay? I know you're thinking 1080 tomorrow, but I just bought this dip for a conservative trade to 1070. I agree w/ you. We're going way higher.
ty
Kemels take on the euro/usd
Kemal_1 posted: I think the dip may last o/n into early Friday. 1.4810 almost certainly will be touched.
that should be 1045/50 on /es
Ty
I dont understand WHY you would BUY before 3pm
I have mentioned 3pm several times in the past 2 days
I sold my calls at 11am, a TYPICAL
Hourly TURN and looking for the 12;30 pivot to make anther run higher till 1pm and or 2pm
TIME is an important factor in my analysis
Once I sold at 11am, I am NOW waiting for 3pm to POSSIBLY buy again for tomrrow's open HIGH at 10am - BE THAT 1070 or 1080
Jay
and please do log in as a follower
thanks- im trying to get up to 100 members
Look at oil folks, It's a bargain here. It'll fly high soon which coincides with jay's prediction of 1080
We may get 1080 today by this action.
ptg
I would THINK that OIL ANd GOLD are getting setup for a GREAT SHORT as of TOMRROW AM stock highs
NEXT LOWS on 13th
Jay
ptg, You havent had the 3pm pivot yet
no way you can JUST SAY things off the TOP of your head like that
Jay
and please do log in as a follower
thanks
http://tickerforum.org/cgi-ticker/akcs-www?getimagenr=50638
/dx looks like its going to continue the breakout stoches turningup here we go down
Two parameters, jobs and the dollar. If they come together in a certain way, it's a -400 Dow day.
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