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Tuesday, January 05, 2010

bearish divergences

From Danerics public charts

They JUST HAD TO GLOAT for one more day

A Bradley HIGh was met today
Next Bradley is 9th, but that could mean a low on the 8th - employ report??

Spx did NOT lead the DOW lower
and the DOW almost never leads the way lower

Yes Reza, we rally should see a gap down tomrrow and non stop to lows on the 7th at 3:45pm

Jay

45 comments:

rrman said...

Have a good evening Jay appreciate all the info...

Anonymous said...

Jay & co.

Anew blog you might find useful. New video entry.

"simples" will like this one

enjoy

http://lambro-predictions.blogspot.com/


mark

Jay Strauss said...

Thanks MArk
Lambro link on main page

His S&P tech work is excellent

Sets the stage for parameters

Jay

rrman said...

McClellan closed @ 27.30 , a very small move of +2.56 suggesting a large non-directional move shortly

rrman said...

Posted on ticker forum
Somebody bought 50,000 shares of Faz at 17.76 AH at 4:20 PM.

rrman said...

FlashFusion

MKT: 8.6 month turn is tommorow 1/6/10; then we have 1/11/10 where the SUN-Venus-Earth line up in a straight line; it's all GRAVITY :-)

Linton said...

Reza, rrman going short @ 10am?

rrman said...

added to shorts 1131.75 and 1131.50 think that pop should be it to the upside 5", 15" 1hr stoches are all at the top

rrman said...

SPX's upside gap/magnet at 1136.52 from the open got FILLED,

rrman said...

Good morning Jay hows your pulse this morning?

Reza said...

Linton,

I am out of longs now.

rrman said...

if we hit 1132 again we will bounce because of the way they sold into it last time would be a good short if you have any ammo left i'm fully short right now this thing will drop without notice so i can give up a point or so to make sure i'm in ...

Reza said...

back in longs

Reza said...

EU not selling off, so will wait for shorts.

Reza said...

EU almost positive, so not a big sell off on the horizon

rrman said...

good call Reza for that lil pop

indigo said...

Weird Wollie Wednesday today + FOMC minutes at 2pm probably suggests that the best time for a short is around 2.05pm. FOMC tends to pop and drop into EOD.

Reza said...

Indigo,
U may be right on that

rrman said...

added some more shorts on margin 1133.25

Reza said...

Where is Simples

UIK Trader said...

FTSE shorts look good around here also , but may go as high as 5650 depending on US markets.

rrman said...

the buy and holders don't have to get up early :-)

Reza said...

rrman,

I think ES wants to touch 1140,
then reverse

Anonymous said...

Simples is getting ready to exit longs at 1220 +

Won't short till March as we may pop to 1300 ish.

No point being too early.

Think we will have a 2004 tight rangebound style correction March to October


Simples

Reza said...

Joe8888 posted this chart

http://content.screencast.com/users/chartwiz/folders/Jing/media/7b63afda-a615-4912-b3b8-7de88ead5761/2010-01-06_1018.png

rrman said...

maybe so I would think 1135 would be it i would figure 1140 they would save for friday but go figure....timewise Helge looks like 1230 eastern would be the drop

Reza said...

Simples,
If u look at the chart from 2000-2009, we made double bottom last year. So as you said 1300+ is given.

Anonymous said...

Watch XOM.

This has a 5% weighting .

If it decides to fill that gap , markets will move up significantly.
Already MACD cross.


Simples

rrman said...

Jay, whats flash talking about on the 11th? can you translate?

FlashFusion

MKT: 8.6 month turn is tommorow 1/6/10; then we have 1/11/10 where the SUN-Venus-Earth line up in a straight line; it's all GRAVITY :-)

Reza said...

out of longs

Linton said...

I'm out of longs as well

Reza said...

Jay,

What does the rest of day look like.

Thanks

Linton said...

Anyone here bought SPX puts already?

Reza said...

Linton,
Waiting as Indigo mentioned

Jay Strauss said...

rrman
What Flash is NOT saying

If we dont get a substantial
sell off to at least 1100 or lower in the next 2days, then Monday has the power to take the spx to 1166, imo.

If they do sell off to 1100 or lower then Monday should top out at 1140

could be the high of the month
Bradley on the 9th= Saturday
could mean a low on FRIDAY
OR
a HIGH on Monday

Jay

Coy said...

Natural bias is to the downside all day long, particularly 12:45.

This is not a level playing field. Da boys are at it.

Reza said...

Indigo,

Fed minutes next week, not today
lets drop it next week then

http://www.federalreserve.gov/FOMC/BeigeBook/2010/

rrman said...

fdx and bk two of my signal leaders sure don't look good

rrman said...

shorted more at 1134 i'm done now until end of day

Reza said...

rrman,

I think short at es 1140 looks good, then long again at the 1120-1125

Anonymous said...

Watch XOM.

Its going to fill that gap.
If it does the maekets will go up due to its massive index weighting.


Simples

rrman said...

my currency trader buds just flipped from long to short eur/usd thats my sign they are saying waterfall now..

indigo said...

Reza, FOMC minutes released at 2pm today:
http://mam.econoday.com/

Reza said...

rrman,

QQQQ is negative, so waterfall can begin any time. But go long at 1120-1125 area

rrman said...

new post