THE FUTURE

THE FUTURE
SCIENCE DOES IT BETTER

Tuesday, December 22, 2009

BOLLINGER bands

chart from JerryO at my Yahoo group

Can they stretch out another day or so??

MY propens index showed the HIGh as of yesterday which we got at 10:30 and again at noon

It also shows another high today POSSIBLY from 11am to 1pm
and this time an afternoon drop off into tomrrow morning lower open.
Some data shows a rebound after tomrrows open

Power index shows bulls still attempting to keep it rising thru the 23rd
with a defined drop on the 24th

Activity index FLAT at 100 all nite and still there at 9:45am


Jay

46 comments:

rrman said...

Jay I see the trading range today 1102 to 1116 does the index project a low of day time?

Jay Strauss said...

lod should be at close and there is a 150 bar cycle at close

Propens index drops from a high of 3010 at 10;30 yeaterdays high to 2994 at tomrrows open

156bars would then hit at 10am along with a mild negative lunar aspect at 10;13am

So far at 10am they do not show ON BALANCE Volume to break out above the high of Dec4th

IN FACT THE OBV on a 5 min chart is lower than at yesterdays lower high, and considerably lower than it was on WED high at 1115.47

SO, it shows WEAKER rallies

Jay

rrman said...

looks like 1115 will be the high i'm going short i think we go down into tommorrows close like you said..

Jay Strauss said...

Finally got to 1120
HOORRAAAYYYY
and
Halleluah

NOW whats next ?

As far as I see, we are in the last 2 days of the uptrend that has been intact since March 9th

A breakdown of that trend is IMMINENT

Jay

rrman said...

Good call on HOD Jay hope your as right on LOD thanks for the help!

Anonymous said...

I'm SHORT!!!!!!!!!!!!!!!!!!!!

y

rrman said...

LOL Y whats your target? I'm thinking 1103/5 ish?

ARAK said...

Jay,

Last 2 days = Mon, tue or 2 more days left? as in wed and thur?

Coy said...

My view -
The dollar looks to go up all day long with a break between 12:40-13:09, driving equity indexes to the unchanged line about the close.

Coy

Jay Strauss said...

Arak
Last 2 days meaning Yesterday
thru Wed as Thursday should show
THE real break down.

Welcome #87
thanks for signing in

Jay

ARAK said...

Jay,

I take it you are still waiting for tomorrow to short then

Jay Strauss said...

HI Coy

Sounds like a plan.

that gives them just enuf support to make them feel secure-
For tomrow, but that would be
false security of course

Jay

Jay Strauss said...

Arak
bot some today
and will buy more tomrrow if
conditions warrant such

BUT
as posted.
Thursday should leave no doubt.

Jay

rrman said...

have you guys noticed that we have been moving in 4 day cycles for the last few months? I noticed it on the Fas chart but SPX shows it also just not as clear as fas up 4 down 4 up 4 down 4 tomorrow will be the 4th day up then 4 down

rrman said...

good call on the dollar Coy looks like they used it to try for 115 again on /es

Anonymous said...

With the dollar rising , and stocks only consolodating sideways during this period - this is very bullish for equities.

Bull flag 1029 - 1120 = 91pts
1120 + 91 = 1211 next leg up

A break of 1120 will cause a huge amount of stops to be taken out , squeezey - starting the next leg up to 1200 by mid January.

Expect 1300 by March , then a 10% correction late summer.

Simples.

Anonymous said...

All aboard the Santa Rally!!!

rrman said...

sounds good to me Simples lets ride it.....looks like they are pumping the financials trying to push this thing up but /es not cooperating...fas going ballistic

Reza said...

Simple,

I agree with u

Reza said...

Simple,

Whatever it is I think we settle around 1110 at end of year

Reza said...

Simple,

The other point I support your point of view is that, with the constant accounting changes and manipulated accounting, DJI does add up to 13000 plus for 2010

Anonymous said...

I don't thonk we will settle anywhere.
A break of 1120 will cause MASSIVE short covering , and then bulls will join in on the breakout above 1120 taking us way way up .

There is too much liquidity sloshing around for us not to go up.
1250 is the Lehmans breakdown , so there is no reason now not to reach 1250 with 0% rates.
Markets are manipulated with all data carefully configured not to upset markets.
Rising markets = rising confidence - the fed will do everything possible to pump markets.

Simples

Reza said...

Simple,

I mentioned 1110 based on income tax perspective. Forced selling to cash out of the stocks and pay taxes to reduce the budget deficit

Reza said...

If the $ is up, then short the SRS. Fed to the rescue

Anonymous said...

someone is impersonating me.

might have to register to stop this nonsense.


y

rrman said...

oh oh Y

Y said...

testing 1234567


y

Reza said...

Is this the real or the fake Y testing

Y said...

It's the real one! or the first one! or the last one!

I don't know who the crap he/she is but won't be able to match my calls anyway.

y

rrman said...

staying short Y? I am until open then will go long for afew hours i think

Y said...

rrman


Never was short.

Nothing looks bearish here. Remember I posted a few days back that Dec 9 was an important bottom?

Well youre seeing why now!
I'm reacting to what I'm seeing instead of trying to predict here.

Right now a low end of month doesn't seem likely especially if the 40 day cycle bottom hit early.

y

Anonymous said...

Looks like another 10% upside within 30 days based on breaking through the 1120 resistence and related short covering. Add in beginning of the year new money entering this market and you have real upside potential. Based on year end S&P earnings of $75 then a multiple of 16 gives us S&P 1200 before we factor in 2010 improvements. Looks like the bears don't have a chance.
JJ

samamehta said...

Thanks Y for registering and getting rid off the wrong Y. Your calls have been very good.

rrman said...

Y the 40 day cycle bottom was the 9th?

Y said...

rrman

dat's what I'm sayin, y'know what I'm saying. LOL

I've confirmed it with the help of other indexes. Gettin straight when these suckers start is another key in all this cycle shit.

Now if the da 40-day cycle bottom hit already, I will tell you that the confirmation signal I use for da S&P500 has yet to occur, which means it's gotta go higher still to trigger it. Right now ut looks like it's knock..knock..knockin on Heaven's door....



y

rrman said...

I hear ya Y but even if the signal had hit its a 40 day cycle I mean if I remember correctly we could still go down from 1115 to test the low again at 1087 and bounce and not violate the trend change right?
as long as we make same level or higher highs after the trend change it should be still in effect...

Anonymous said...

Its quite interesting looking at the P@F tarets which eliminate "noise"

DOW 12000
NDX 1940
SPX 1295.

This is where I expect markets to top next year.
Momentum is very hard to stop , especially with massive liquidity.

I would expect a blow off top after a rally like this , not just a slow fizzle and dump.
Havn't seen the exhaustion yet.

Simples

Anonymous said...

@Teleos It's not over yet my friend; minimum low in 2010 is about DOW 8250 or so....give or takes


The Flash

Anonymous said...

Rally is done, those who shorted the close will be rewarded with a big selloff tomorrow morning.

Anonymous said...

super light volume on this rally should get crushed soon...keep loading short and you'll make out huge

s

Anonymous said...

I changed my mind. I think I see a big gap up tomorrow. Sorry.

s

Anonymous said...

First of all... forget about so-called "high volume market". The whole Street was destroyed a year ago. Who_da_hell would provide such volume as a year ago? Those boyz got fired before Christmas'09. New rules!
Second, who_da_hell would sell the "winners" this year... just to pay taxes? No, everybody has to hold until 2010.
And then....

Youmast

Anonymous said...

DEC 22

THE MONTHLY CLOSE ONLY PUT CALL RATIO IS NEARING A PRIOR EXTREME

MANY TIMES I FIND IT HARD TO WAIT FOR A PATTERN TO COMPLETE . THIS CHART

NEEDS TO CLOSE A LITTLE LOWER FOR THE MONTH OF DECEMBER IN ORDER

TO GIVE US A CLOSING EXTREME READING FOR THE MONTH .

HENCE LET THE YEAR END BEFORE TAKING ANY SHORT POSITIONS


traderaffiliates

Anonymous said...

Why take short positions on a "melt up" into the first quarter ?.

All indices are breaking out of ascending triangles.
Charts do not lie.

Melt up will be caused by massive short covering and new bulls coming in for the next leg up.

Expect 1220 in Jan , and 1300 in March.

Simples

Jay Strauss said...

Thanks Y
NOw your id is correct and no one
can imitate you
Jay

Jay Strauss said...

Propens index jumps UP into the AM for tomrrow dec 23rd
I dont have the rest of the day yet.

power index still shows a drop off
on the 24th.

Waiting

Jay