MKT: SIMON says there is a hole down to 1101 SPX; strong bearish reversals at 1150.5, 1152; bulls can accumulate as low as SPX 1123.1 19 minutes ago from web Could someone smarter than me help with the interpretation?Does it mean that the decline might only get to spx 1123.1?Thanks. Lorita
What is Flashfusion talking about now? If SPX goes down to 1123-1100 from a 1150 reversal, then the TOP is in, finished most lkely. I hope Flashfusion understands the inference. The 3 uplegs into Jan.22 would most likely be a lower high. Not saying it can't happen but it changes the emphasis of the decline enormously. Peter L.
Flashfusion should mention a date when this "Hole" to 1123-1100 might happen. Peter
If I'm correct, Flashfusion mentioned this hole to 1100 last week, and also addded that there would be a low between the time he mentioned this and the 3 upleg runup to the 25th Jan. and advised us to find that day(low). Well I think that "hole" was yesterday's low and Flashfusion may have overlooked it because he's not looking at any other indicators perhaps. Is he Jewish and still waiting for the first coming and didn't realize He came and went?Peter L.
Gap up!!!!!!!!!!!!!This rally is just getting started...1200 here we come!x
If we count wave 1 rally from nov 27 - dec 4th. its ard 6-7 trading days.with reference to this link.http://4.bp.blogspot.com/_TwUS3GyHKsQ/S05BghzlTcI/AAAAAAAADkU/cuAMwmNy6YE/s1600-h/nasdaq.pngif we add 6-7 trading days from yesterday's low. it is jan 21/22, which is exactly meeting jay's target of a final peak on the 22nd.means we are gonna rally now!
FLASH is emulating my GRAPH of Jan 2010Any setback PRIOR TO JAN 22nd is limited to 1123but IF it does touch that level prior to Jan 22nd,then Jan 22nd would provide a LOWER HIGH that late todayand thus would set the stage for a strong sell off at month endJUST HE WAY MY CHART SHOWS ITITS REALLY THAT SIMPLEJAYand this is at lest teh THIRD TIME I HAVE posted this scenarioPERSONALLYIM PATIENTLY waiting JAN 22nd to take FULL ADVANTAGE of the coming declineSATURN 90 PLUTOSaturn planet of KARMA and responsibilityMEETS PLUTOPlanet of DEATH & rejuvinationPower strugglesrestrictionsFORCED UNWANTED CHANGESMUST DO WITH LESSIN addition we also have SUN 180 MARS on the 29th = CONFLICTTHE PLANETS SPEAKmore laterJay
a day that just frusstrates the bears. That's whatsup sam. bob
Buy the dip!!!!!!!!!
Rrman,,still holding long? Cathy
Let me reiterate. A day that teases the bears like some kind of torture.bob
Currently in a wave2 of 5. ti
Market's not ready to drop til next week...dips are getting bought big time. Long and strong!
Cathey out of longs went short about midnight 1144.25 still short added to shorts a bit ago 1141.75 think we get 1138/36 then will go long..
Well everybody knows my position. I am Long and adding more longs. ptg
breakout!!!!! Going long here.t
Thankyou for the reply rrman.Cathy
added more shorts 1144.50
Dear Members,Friday, 15 Jan 2010 is solar eclipse. Path of eclipse will be from Asia to middle and east Africa. Major negative impact or news will come out from these counties. China and India is paying a key role in today’s economy and financial market and eclipse path is passing through both of these countries is really a concern point. I warn commodity and stock market investors to remain watchful as any negative news from China can bring Tsunami in financial markets. We are expecting huge up move in 30 years bond, and rebound in grains from tomorrow. 15 Jan eclipse says: Stock markets are at very important juncture, and they should fall sharply from here. We will watch stock market trend very carefully next three trading session. We believe that fall can start so please trade with stop-loss and puts because both these minimize risk and loses. Currencies will start moving down from tomorrow, so we will hold dollar position tightly. As we mentioned in this week newsletter that metals would remain positive on Wednesday and Thursday, better you take sell position either middle of day or tomorrow on opening. No positive news for all metals from Friday evening, avoid precious and base metals, also one should get out from metal stocks by tomorrow. Oil will trade side but Natural gas will move down sharply from here.U guess who it is
king of ambiguity mahendra
markets are coiling into Jay's 11:00am low as depicted on the current graph, afterwhich it will pop just like the graph. cc
Just added 50% more longs right here.ptg
out of shorts 1141.25 going to take the profits while i can think i'll wait and go long here in a bit
This looks like a good spot to go long...count me in.steve
1141.25 correction can't ty;pe
Damn good graphing this weekshould I keep it going??Pictures are worth 1000 wordsHigh at 10am- typicallow at 11am @ 30 bars60 bars at 1;3090 bars @ 4pm OR OPRN next day which might be more in line with astroJaycautionwe might NOT get as high a rally as the pic shows, as we are bumping up against resistence at 1150remember the math1576-666 = 910910 X 55% =500666 + 500 = 1166Also keep in mnd the 40 pts rule of thumb40 x 12 = 480480 + 666 = 1146So we right within the framework of the math model between 1146 and 1166 & a 20 pt varianceJay 1167
out of longs at 1144.50 was at the dentist didnt post my buy it was 141.25 think i may wait and short the close ....
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