MKT: SIMON says 3 leg peaks on 1/19, 1/22, 1/25, as advertised; one down, two to go :-) about 19 hours ago from web MKT: bulls can accumulate down to 1123 SPX; if not comfortable, then 1132 is the pivot line again; SPX 1170 forms above 1140 on daily level 10:08 PM Jan 18th from web MKT: we don't care
Yeah Jay Friday looks like a gap up and sell at the open I 'm trying to figure out how monday can be one of flash's highs looks like down all day friday Helge looks like there might be a wave after the open on monday that could pop us up i guess and make a quick high before falling back but it sure looks like a strong downtrend from friday on so would be hard to pop to a new high but the ppt is tricky they might want to flush out the bears on monday before the big down..
looks like most of the big move to the top of the channel will be after hours tonight...tomorrow looks pretty flat for the trading hours...huge gap up then fairly flat
per my morning post we got our co-relational low on the S&P of 1129 (1111) at 11:11 est and keeping with the ritual the crooks closed the S&P @ 1138 (1111)
for what its worth,a system i use is telling me tomorrow is a trend up day-all day! fading the gap might not be the best idea,i might be wrong but the stats are saying not.
23 comments:
ACTIVITY index has been HIGH all day at the 400 level and had been climbing from 7am
Helge has a last hour rebound, as does both Coy's & my charts
Ive still got indications of an open high Friday- which doesnt have to be higher than 1150, but could be.
and it could last till 3pm, but we wont know that until the propens index gives me a reading on the 20th.
remember the MATH model shows potential to 1166, but it doesnt have to get there
My game plan is to get short on the 22nd after the open and or by 3pm
Jay
MKT: SIMON says 3 leg peaks on 1/19, 1/22, 1/25, as advertised; one down, two to go :-)
about 19 hours ago from web MKT: bulls can accumulate down to 1123 SPX; if not comfortable, then 1132 is the pivot line again; SPX 1170 forms above 1140 on daily level
10:08 PM Jan 18th from web MKT: we don't care
Simon agrees
Good plan Jay. Friday or Monday will not be higher than 1144-1145. great time to load up shorts
Yeah Jay Friday looks like a gap up and sell at the open I 'm trying to figure out how monday can be one of flash's highs looks like down all day friday Helge looks like there might be a wave after the open on monday that could pop us up i guess and make a quick high before falling back but it sure looks like a strong downtrend from friday on so would be hard to pop to a new high but the ppt is tricky they might want to flush out the bears on monday before the big down..
looks like most of the big move to the top of the channel will be after hours tonight...tomorrow looks pretty flat for the trading hours...huge gap up then fairly flat
samamehtta,
If u dont mind me asking, how do u know 1145 resistance will hold?
tia
Speaking of gaps. Should be a nice one tomorrow morning me thinks.
Up I presume.
Hi Sam
hanging around 1150 till Friday is fine with me
Im waiting
actually the 27th says green light till mid day, but the collapse after mid day should be very bearish
Flash says he expects the mkt to head lower from the 2nd to the 9th
Personally, I think he will be disappointed with that outlook
Ive already FEb posted 2nd Fibo timing
Jay
Ricky
Yeh, if they dont shoot the moon at close today, then tomrrow AM has good shot to open higher
Jay
EBAY after hours - looks positive earnings
good point Jay. Well, It might be a good strategy to fade a gap higher tomorrow....IF it's up. Otherwise opening decline is the good fade.
Ricky, I am not an expert on this. I follow some very good Ewrs who think top is in and any attempt to new high will fail.
Flash' three leg still could happen without violating 1145.
we may retest today's low and give an opportunity to make two minor highs --- all within 1145
Just based on an educated reach of others
thanks Sam
1/20/2010 is co-relational to:
6/19/2009
8/14/2009
8/28/2009
9/30/2009
10/20/2009
per my morning post we got our co-relational low on the S&P of 1129 (1111) at 11:11 est and keeping with the ritual the crooks closed the S&P @ 1138 (1111)
everything is in divine order
Here's zigzag's T chart shows 22nd as a high on this trip then a pullback to the 29th
http://dl.dropbox.com/u/312885/Screen%20shot%202010-01-20%20at%201.03.47%20PM.png
rrman
nice chart. L00ks like a megaphone pattern top.
rrman,
Does this chart say 1150 on Jan. 22?
Ebay up $2/9% up after hours
Yeah DJB sure does....welcome to the site
for what its worth,a system i use is telling me tomorrow is a trend up day-all day! fading the gap might not be the best idea,i might be wrong but the stats are saying not.
thanks rrman!
Hi DJB
welcome aboard
Still think 1150 has ONE MORE time
the new DAILY graph is posted for the 21st, and it shows a mid day drop off- making one more 1150 somewhat doubtful
Jay
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