Excellent Jay. Love these maps!Happy Holidays to you and yours!Sally
Jay: To be really informative, please show the 'original' as compared to this current graph.Thxjj
Jay, the chart you posted Christmas Eve...how do you pull that up in TOS?
SAMAMEHTA: Would you please ask FlashFusion when Simon thinks the Low is in for 2010? I know you speak with him from time to time and he is good too like Jay.thanksdipuk
Dipuk, I will certainly ask. am too interested. from other good TA people i have heard we see 1200+- soon by jan and see correction by end of march 10 -20%
If Ben keeps the printing presses going , SPX could go to 1500 and beyond , and even another 200% ( M.Faber 28 Dec)
I have revised my cycle outlook below, I am just reiterating that I believe we are having the last 8 wk cycle rally that should taper off this week and sell from Jan 4th or perhaps a few days into January. The next 6-7 weeks should see one of the sharpest corrections in the US history. I have an initial target to 1050, but probably to low 1000s and perhaps even lower. I am the only and most bearish guy on this board, so you might want to take this outlook with a grain of salt. I have taken my short positions as of last week and I have sold some time premium in options for the next week to gain myself enough buffer in case we push substantially higher to suck in everyone --this is the way I see. The outlook will not change much for the Q1'10 though, but the downside targets may have to be revised up a bit, if we do not start selling earnest in January. This is the risk of being an early bear with a fake-out assumption... Now I would like to attract your attention to MACD curves on the bottom chart. As I referenced earlier about the cycle spectrum I am following [ref: 1], I used the 21 and 43 day shorter cycle periods to measure the acceleration. You can see the intensity of the impulse at the March low and then the slower take off from the July low and finally the very sluggish impulse from the Nov low. I see the major breadth cycle low as Nov 21, 2008, so we should be already in the last phase of this longer term upside. Now we are headed in my measures to 64 wk cycle low around the middle of February and exhausted all of the cycles above 4 weeks in period...arbman
jjPrevious chart for Dec can be found on a previous post which you can link to as [December 2009]rrmanare you referring to the chart from COLUMBIA?if so, then use the link to his site and scroll down to find that chartI use Vista which has a SNIP appand I can take any page or photo and post it at the blog.Jay
FYI@samamehta thx for asking; need to see 1/31 & about 1/10/10 before lookin much into Q1; DOW could bounce dn or go str to 10,800 ish about 10 hours ago from web in reply to samamehta sam
Here we go!!Jay....Here's to a New Year awaiting us..,,Let's make some serious money my friend.Luke
rrmanare u still short?ppk
Jay - how does the gap up today fit into the projections you have for Dec ?AS
1129 >>> x
Coywhere are you? Any opinion today?thanksjoe
Hey where's Ravi, Victor, Samamehta, After8, Caltek, reddragonleo, etc What say you all?Let's make Jay's blog the best on the web for 2010!Kathy
yep still short...
Top might be in right now. ptg
1116 to 1127 should be the trading range today...
I say Jay's map is right and the market puppet masters will take profits while everyone is thinking that no way they will do it until after NewYear. We're in a new market paradigm now where the market will take advantage of every false market assumption to take profits ahead of everyone else.The chinese are daytrading now and those boys are exceedingly nasty.bill
added some more shorts at 1125
rrmanokay , me toolet's start this decline now. tank market tank.ppk
I'm short!!!!!!!!!!!! y
Is the real "y" short??????He/she has been logging in lately.
I just bought some PUTS. I expect to hit a tarfet of 1120 just after Newyear.simples
SpratmanY has beeb logging in lately. I think this y is a fake one although their call could be right.ppk
simples. I thought you were holding until 1300?What gives? mark
mostpeople are still on holiday and teh Jews are celabrating Chanukha so even they might not pull the trigger just yet. And we know tey are extremely influential in the market place. mortie
mortie, It's no secret that the Jews want to take control of the global financial system. You have to remember that they still live and operate under the Old Covenant and that they still feel entitled to own everything on this earth. Afterall it was promised to them as a birthright blessing. So the rumors are true that there is a Zionist conspiracy. They will evade this publicly but in reality it is a very well known fact that it is their goal and religious belief. They have also managed to convince their western allies in particular the United States that they are the lost ten tribes of Israel so that in reality they are brothers and also partakers of the birthright blessings of Israel. Ofcourse if you're a Freemason you already knew this centuries ago. They also believe Queen Elibeth sits on the throne of David. Why are the most beautiful actresses in Hollywood all Jews. Natalie Portman, Rachel Weisz, Gwenyth Paltrow, and converting to Judaism....Madonna, Kiera Knightly. How can you hate an enemy where their woman are so damn HOT! Bob
Cycles: 8 Day Cycle Top Due Dec 29 +/-, 8 Day Cycle Low Due Dec 31 on Full Moon Looking for a top either today or tomorrow and then down into the end of the year. Market vulnerable to big sell-off in early 2010, wave B of ABC up move. Higher highs later in the summer 2010. blustar
Hello All: I personally think we are approaching a top with QQQQ around 47 ( daily Fib Sequences )... I do think there is more upside here... I use 10-day Put/Call ratios to determine some tops and bottoms. Today OEX Put/Call is over 2 and CBOE is around .58.... 10-days are not at extremes ( over the last 12 months ), but I am watching these closely. If a high OEX Put/Call and a low CBOE Put/Call lasts the next three days it should be enough to warrant a sell signal... I also want to see some more negative divergences in the internals as well as increased NASDAQ volume and decrease in NYSE...Barry
BOB thanks for the post. It makes me laugh. Unfortunately there is a lot of truth to what you say. It's just that it sounds hilarious to the average joe.albert
took off some shorts at 1022 for a lil wave up then will add back to shorts
I don't think the Jews are our enemy and they can't get their stuff together...If you go to Israel and observe their political system it is organized chaos...the enemy are the ones blowing us up...
We completed a five wave movei 1093.88 1101.37 7.49 ii 1101.37 1098.21 -3.16 42.2% iii 1098.21 1120.27 22.06 2.95 of iiv 1120.27 1116.00 -4.27 19.4% v 1116.00 1130.38 14.38 1.92 of iHere are the retraces1093.88 1130.38 36.50 1130.38 1121.77 -8.61 23.60%1130.38 1116.44 -13.94 38.20%1130.38 1112.13 -18.25 50.00%1130.38 1107.82 -22.56 61.80%Key question: was this five move (i) of C of Z or all of it? Likely only (i)of C
rrmanthanks for the comment. I was being facetious about the "hating the enemy" part. Personally I don't hate anyone. I have Jewish and Arab friends. I've studied the Torah and know the religious system quite well. I am also a student of the bible and know what christian organization has fallen off the beaten path. As an American I will concede that my government doesn't blow people up either but they are sure as heck making peoples lives very difficult to live. I just wonder when the next Revolutionary or Civil war breaks out. I think we forget sometimes that the bloodiest, most vicious war America ever fought was amongst ourselves. Over 400000 dead. Soldiers fell by the thousands in a single battle. Not too many movies made about the scale of bloodletting of our little war. I know the Arabs and Jews once lived in peace and harmony until someone made life very difficult for the other and the hatred built up to a point where the killing began. Nobody kills without a cause. Not us , not them. There's always a reason.Bob
I'm thinking this up wave lasts until around 2pm eastern looks like we're not going to make the big down move today looks like I'll go short around 2pm and hold overnight think we get the big down tomorrow now
Agree with Ravi's retrace. 1096 spx cash potential for the down move. then still may make new high
Samamehta:If you read my last post, my retrace is 1108-1116 spx cash area NOT 1096.
What I see is low hits at 12:55, 15:20high hits 13:50, 15:30 That last one could carry us over the positive line at the close.Coy
Just depends on how deeply we go on the 15:20
Although no-one has noticed - we are actually at the start of a melt -up to March SPX 1300 - 1400 .Liquidity driven market will continue as long as the printing presses keep churning.There is is no limit to how high the market will go - especially if inflation takes hold , and the asset bubble forms.As long as the printing continues - the markets will climb .Simples
You have to take my times with a grain of salt. Some times inverted, some times dead wrong.
thx Coy they are good conformation for me on my strategy
Nice to see everyone on the blog.thanksKathy
21 hour cycle Low is in the making here folks. Might not want to get too short just yet. Bigger short coming after one mmore small rally.Just use stops that's all.Y
looks like we finally hit bottom with that down wave no up for a while
covered short from today amChanged my mind on the count. Today's hi was more likely i of (iii) from 1093.88 bottom. We are i process of completing ii of (iii).So, iii of (iii) up may be dead ahead.
NOTEDthe 258bar cycle or 21 hour cycle JUST HIT A LOW AT 2;30pmHowever, the last cycle used a 329bar cycle extending to 27 hours, so we will see WHATS NEXT258 might turn in a minor blip, IF the larger cycle is heading lower.so far the 204 b @ 10am was minor but recognizablesame for 228b@ noonand 1pm turned over on the daily hourly cycleToday marked a Bradley TURN date, thus the slightly higher highs,and NOW we should see a strong turnits after 2:30 and they are rebounding only slightlyMartin Armstrong's 8.6 months breaks down into 182 tr dayswhich also breaks into 22day segmentsIt is NOW exactly 204 tr days from March 9th, and 22 tr days from NOV 23rd, at 182 daysAccording to one Elliott expert and timer, this week is 377 wks from OCT 2002 LOWSJay
good call Ravi i got out of my 1125 short at 1122 went long missed a couple of points but i think like you we get a wave up to short this afternoon
Jay are you still short or are you adding any today?
Government Sachs will try like hell to keep indexed positive. $TRIN, 1 min.
Y --- nice call man. thankyou for pointing that out. bob
thanks y,Impeccable timing as usual. I wish you'd post more often. Sally
this rally looks like it may have some more follow through tomorrow. Maybe a Gap-up. I guess mornibg futures will confirm. Nice call on the 21 hour cycle Y. Are you short, shorting, shorting overnight? Anyway see you tomorrow, hopefully.mark
GAP UP!!!!!!!!!! x
good call Y.
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