THE FUTURE

THE FUTURE
Graphs above are dated JUNE & JULY 2017 as well as the NOTE UNDERNEATH

Sunday, December 13, 2009

DECEMBER 2009


As ive been posting - the 14th has potential to cut into the BULLISH trend, but NOT STOP it

Its UNCLEAR whether the 16th will set a lower low or not,
and the 39 hour cycle at 2pm might become the pivot to higher highs by the 22nd- 23rd.

Jay

46 comments:

Michael Eckert,aka-Columbia1 said...

WOW, I did not know you had a blog, wish you would of mentioned it to me!!
I added you to my favorite blog list!!!
Michael

Anonymous said...

So we're still in a downtrend til Monday right? So are u covering your shorts at 10:27am? Wow such accuracy.

Anonymous said...

I guess we can forget about that gap-down some were expecting. It is up up and away.

peter

rrman said...

well don't forget we went down to 1067 the night Dubai came out and we recovered might be just the opposite

Anonymous said...

Flasfusion's SIMON just got ass-reamed tonight. So much for that. Can't trust that guy ever again!

sam

Anonymous said...

Fut's ain't stopping yet. Looks like a runaway train. Whoever was short is really in deep dooodoo. I wish I could say I was long but not to be.

Man.

mortie

Jay Strauss said...

thanks Michael
Appreciate the link

Jay

rrman said...

Jay, whats your thoughts after this ramp? Gap fill back to around 1101 ish by 3pm then ramp back up for rest of week?

to said...

monkeys pumping futures

GS & AAPL are red

after8 said...

morning all,hope you had good weekends.looking to get long here soon.provisionally hoping for a high around 11,which could be the high for the day.that 2 oclock low ties in with my ideas for a low as well.

Jay Strauss said...

Welcome # 85 & 86
I think it was TO & Michael

and thanks for the great commentary

We need to keep our heads on straight and the input is very insightful

THe tide has NOT turned, and probably wont until the 24th, but IN THE MEANTIME, we still seem to be locked into that ELLIPSE with resist at 1119 & support at 1085

The break out on the 9th was at 1070, and its been mentioned it a few times

A high did occur on the full moon
on DEC 2nd and now we are approaching a new moon on Wed.

Today is working toward a 10am high at this writing, but so far has fallen quite short of the potential indicated by the pre open futures

Jay

Jay Strauss said...

Arak
as usual - tomrrow is another fed day so we should see a positive trend till 2;15pm Tuesday

Jay

to said...

Here are de-lever points on two issues:

DIA: 10,186
AAPL: 183.6 (97.3% chance by friday)

We the recent pump of the futures by the monkeys overnight we've got a 1-2-3 pump n dump for the week.

Anonymous said...

I think BULLS in serious trouble here.

I'm ignoring Jay's ebnergy chart because I don't think there is anyway in poopersville we're going to a 22nd high.

bob

ARAK said...

Jay,

FOMC is 15/16 ... so rally should come into the 16th 2:15pm

There is another thing I have noticed. The mkt never goes down when banks want to raise money. The last time it happened was in Jun when they kept it around SPX950. This time BAC is done, but C needs to raise $18B. They mkt will drop only when C is done raising.

And in between we have FOMC setting the stage for a crude/commods rebound based on dollar weakness. So 21-23 could be the C raise. I'm betting it would be 21 or 22.

I have stopped trading this crappy chop zone. Not worth the aggravation.

Anonymous said...

chart is upside down ?

Anonymous said...

chart is upside down ?

ARAK said...

WFC is the next to raise money. God knows when this will happen.

Anonymous said...

Market is setting up for powerful breakout. We are holding above 1110 which is bad news for the bears. Tomorrow should be trend up the way its looking.

indigo said...

Deja vu Opex Monday, albeit with less upward momentum than the November one. And we were also making this same slow ending move to the 1113 top on 16 Nov!

From an EW perspective, it seems to me that we are trying to finish the 5th wave of the wave 1 up, with a possible target of 1117. This may be followed by a wave 2 correction back to around 1100. Jay, does this seem like a possible scenario, with a wave 2 low either late today or some time tomorrow, with a possible wave 3 up on Wednesday? Thanks very much for your thoughts, much appreciated!

AS said...

Hi Jay,

Is this still looking like a low today ? What are you seeing for the charts today ?

Anonymous said...

Jay, What do you see for gold and silver? Any numbers?
Harry

Coy said...

This Monday could be different. After the high hit of 13:11, let's see what happens.

Coy

Anonymous said...

Did u mean strong reaction up jay? Seems like we're breaking out to start a new rally today. I switched to long earlier. Shorting this market is foolish.

x

rrman said...

thanks Coy

rrman said...

zigzag's T chart is interesting
http://dl.dropbox.com/u/312885/Screen%20shot%202009-12-14%20at%208.50.20%20AM.png

AS said...

Coy - can you elaborate on what you are seeing for today and tomorrow ?

Coy said...

High hit 16 min late, shallow as usual, but recognizable. I think we're going down!

Coy said...

I didn't finish that:

I think we're going down into the close.

Coy said...

AS,

Yes, I will for tomorrow. Give me an hour to consult my crystal ball.

Coy

Anonymous said...

Something wrong here. We hit a wall. Bulls beware. It's a TRAP.

susan

Coy said...

Good sign. Met resistance at the high hit, now retracting.

Coy said...

AS,

My work indicates we close down tomorrow. I'll take another reading later. I don't like it when I oppose Jay's chart.

Coy

Linton said...

In the EW point of view i agree with coy.

We have completed wave 1 move up from 1085 to 1114.

either tmrw and the day after would be wave 2 down.

AS said...

Thanks Coy / Linton .... so based on EW what would be possible tgt for wave ii ?

Coy said...

My non-Elliott platform is unchanging. Indicates closing down with possible open up. Good to know that Elliott agrees.

I have a low hit at 15:56. We'll see if that has any impact on this sideways market.

Coy

Coy said...

So as not to confuse: In my last post, upper paragraph is for tomorrow. 2nd for today.

Coy said...

Do you have the same feeling, I do?
The Regan Administration's PTT is being exercised every day, authorized by Obama. Intended to alleviate a crash only. Not a fair playing field, here.

Anonymous said...

Don't be fooled by the permabears. Remember Oct.5th where the market went up 9 days straight. We're only on day 4. Breakout is confirmed.

to said...

per my morning post we have a 1-2-3 gap pump n dump

3 gaps in a row (SPY)
Thurs: 7 pts
Fri: 4.7 pts
Mon: 7.6 pts
Total Gap pts: 19.3

Total move in SPY from Wed. close to Mon. close 111.87 - 110.02 = 18.5 pts

Jay Strauss said...

COY
thanks for picking up the slack
I was out most of the day

As I mentioned, that DIP could have started today, and if not it was unclear if the 16th would then provide that pivot low at 2pm, but SINCE Nothing occurred today, we must be suspect for the above

I still have the 22/23rd as a strong TURN lower into the 28th

Jay

Coy said...

to,

Using your figures, that's only 1.85 points.

Coy said...

But relates to 18.5 points in the SPX. Is that what your saying?

Coy said...

Your welcome, Jay. And thanks for that update.

Coy

ARAK said...

On cue WFC announced secondaries after the close today. The crooks are getting predictable.

Jay Strauss said...

Commitment of traders reported at MINUS 19% equaling MARCH 09 at its lows

Just what that mean for price levels ??
IT Should mean a sell off, but so far its NOT there

The PROPENS index rose from lows of 1985 to 3015 indicating higher still at least for Tuesday morning

Its NOT complete yet for the whole day, so I cant comment on the close

Activity index rose today from 66 during the night to 200 during the day and at 7pm has dropped back to 66

power index also rose today, but drops off tomorrow- but nothing dramatic. from 400 to 300
ditto for 16th

Whats LEAST expected ?
last week bullish sentiment was reported
and so far we remain locked

the new moon is the only mover this week and its at 7am Wed-
which could be providing support, and once past, it might let out some hot air??

Jay