Thanks Jay.Appreciate the hard work you put into these maps. Love'em. Keep up the great work. dipuk
Hi Jay.U might want 2 put this blog on yor Link list as he 1 of the better EWavers often going against his peers at critical junctures like now.Maryhttp://pugridironsma.blogspot.com/2009/12/dec-29th-2009.html#disqus_thread
Hi Jay and Mary. Mary thanks for the postive comments about my blog.-Steve
The last two sessions of the year, the last session of any month, trend bullish. The second to the last session of the year closes positively 69% of the time (since 1950) and the last session closes up 62% of the time.
Hey Jay,I've been pretty bored lately, as you can see by my last few weeks' posts. However, I mustard-ed up some frustration and posted an eye opener tonight.You might want to read it... for entertainment purposes only, as posting on where the market is going is easy... up tomorrow, up the next day, up again, rinse, latter, and repeat....Red
reza was your last call right?x
red dragoni been reading your last few entries and I get very depressed for you. just dont try to spread your confusion onto other people. okay? purnima
Glenn Neely is offering a free two week subscription to his services:NEoWave would like to give you the opportunity to offer your readers a FREE 2-week trial of the NEoWave Trading and Forecasting service, which is normally offered at a cost of $39. Here's the URL you can point your readers to:http://www.neowave.com/free/http://www.neowave.com/free/glen
PUGridiron,Your long term count is interesting, and certainly possible. I think Flash doesn't see this rally topping till 2013. There are 2 other long term EW counts I like:http://www.ambgtrading.com/2009/12/revised-long-term-prognosis.htmlhttp://slopeofhope.com/2009/12/elliott-wave-big-picture-by-mortie.htmlThese 2 pretty much say the same thing, that we're now finishing up wave 5 of A, and will enter a B wave correction in Q1 2010, followed by huge rally to 2011-2013.Another count I like is Dale Woodson's triangle scenario, starting with A down from the 2000 peak, B up 2002- 2007, C down 07-09, and now D up to possibly 2012, followed by E down from 2012 - 2014. All possible I guess!
purnima,I'm far from depressed... in fact I'm quite happy. If my posts make you think I'm depressed, then maybe you're not see the big picture I'm trying to paint? Sorry to confuse you.Red
Red's blog is only for pure entertainment only. If you take it seriously, you're in a world of trouble! ROTFLMAO LOLOLOLOLOLx
xReddragon is more of a comedian than a trader. Lokk at him go after Obama and friends. Must be a republican wannabe ron paul imitator. Where were these republican moron hypocrites when George hitler Bush started this mess in the first place? I have no respect for these evangelical fundamentalist republikan right neo-nazi fascist dictators. They scare me more than any communist regime that has ever existed. All they do is pander and scream about anti-abortion and anti-gay marriage. So what did Bush do about that in the 8 years he ruled and killed 100000's of people? NOTHING! Because they know the average evangelical right protestant christian republican lap-dogs are just a bunch of mcdonald frenchfry eatin steroid-milk drinking , nascar fat gullible idiots.HA!peterpope
x, I was looking at this chart posted by Joehttp://content.screencast.com/users/chartwiz/folders/Jing/media/e6b6a616-5891-493f-af7b-e55b2d230557/2009-12-29_2100.png
reddragons an idiot blames GS and others for his poor market calls.ROFLMAZZOFF
This is the final day of the End for a terminal selloff of epic proportions that I've been calling for all year. Roundy roundy we go and the beat goes on. Liver!!!atilla
oh shut-up atillaptg
The headline is all ready. Mar 2010 newspapers to print, Stocks doubled from bottom. 666 to 1322
RezaI also see a newspaper headlina. It reads: Internet blogger/trader REZA commits suicide by jumping off toilet bowl into bathtub after declaring bankruptcy in Mar 2010.lolsam
I think Reza is Simples. I see the same monotenous mantra of 1300 in March. shenk
Sam,If you send me ur email address, I can send you the info. There is no point in fighting the trend. Go long when SP hits 1110
Hey guys. Leave Reza alone. Guy/Gal is entitled to an opinion. Personally he/she has never made any predictions in the past that were worthwhile but that doesn't mean his losing streak continues. Give the guy a break. george
I am out of shorts yesterday with some profit. The immediate fill-in of early AM gap was a surprise, so I decided not to wait for 1116.Back to the drawing board
Jay,I sent you an email. Also, Thanks George.
georgeyoure right about Reza. I don't care cause I don't trade his timeframe anyway. What do I care if its going to be 1322 in march or not. That's too far away. Rule#1. Never be dogmatic about a prediction. shenk
Sam,I mentioned last week, they may close the year at 1110
Like Jay mentioned there is not going to a crash anytime soon
Shenk,What I was trying to say is buy the dips because the trend is up. No point in holding shorts if it is a losing trade
This is how I read it .Next fib at 1228 should be reached.If we are in a bear market still - we will start the next leg down from there .If we get above 1250 , we are in a new bull market , but we should still correct from 1250 to 1300 on this first wave up - maybe 10-15% .So 1220 - 1300 when reached , whether bull or bear market , should cause a good decline.Thats as long as we stay above 1080 .Simples
Ok for the short, seems like QID looks good now
RezaOk. But you still have to be a good enough trader to know in advance when the dips are coming and when to buy once we've dipped. Otherwise yeah, I would just stay long lioke you.shenk
Ravi / Y,Do either of you see another leg down to 1116 today or is it possible that our wave 4 correction might have ended already, with wave 1 and 2 of 5 up next? Flash earlier mentioned 12/31 as a possible up leg turn date, so the only way I can see that happening is if wave 4 bottoms today and we get wave 1 and 2 of 5 up by EOD. Thanks!
Reza No one here's been talking about a crash or used the word "crash". I think some of you bulls and bears alike are overly sensitive. Sally
Shenk,Stay long when Jay says market is rebounding. Then when his chart shows down then get out of longs. Playing the short is riskier now. Better safe than sorry, as major short squeeze is going on with 0% interest
It appears that wave iv may be in the process of morphing into a a,b,c,d,e triangle and eat up more time rather than price.If so we completed a from yesterday early top to today's early bottom. Now in b to make hi below 1130.38.This can end in e by next Wednesday or so with a bottom closer to 1120 rather than 1116.1120+30=1150 for v =i by mid Jan
indigoIf the present intraday low gets breached then hold the trend. If not then cover shorts and take profits. Or like me already booked 5 point profits on half position. I like 1120 to hold, if then we possibly go higher briefly before down into Jan.6,7. If blow past 1120 then 20 day cycle comes earlier and we go Long earlier.Y
Thanks for your thoughts Y & Ravi, much appreciated!
It is fun to see polar views here. One word only for all pure traders. KEEP your target in vision, look for fundamentals, scan techs and watch every day and change your settings as per the comfort. Rest all is chitchat and gossip. If you lose money you should not trade and learn for few months. If you make money share your ideas. Gossiping, fear mongering and speculative ideas are good for weekends or boring trips.pk
as a swing trade expect 1089 and that is broken 1024 before we see 1200
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