THE FUTURE

THE FUTURE
DO YOU WANT TO SEE THE NEXT BREXIT in ADVANCE ?

Wednesday, January 06, 2010

January 2010

As per my last discussion

follow the lighter line on top of the chart

Jay

71 comments:

Reza said...

Go long at the 1120-25 area

rrman said...

i'm seeing more like 1111 Reza why do you say 1125?

Reza said...

Currently they are going 30 up 15 down. Before used to be 40 up 20 down

rrman said...

I figure we go back down to fill thursday's gap at 1100

Anonymous said...

Can you please comment on tommorrow in plain language? What can be expected realistically?

Anonymous said...

I'm going long here. This market ain't going down.

jon

Reza said...

rrman,

We never filled 1070 area also during reg hours

rrman said...

Patience Jon its FOMC day we always rally into it and then fall after the announcement

Anonymous said...

Long!!!!! Financials are very strong.

Reza said...

1140 possibility

Reza said...

Back to long

rrman said...

1135.75 should be the top then we drop

Anonymous said...

No resistance till 1220 after 50% fib broke at 1121.
1228 is 61.8 fib and also 200 week MA.
Should get there in Jan due to massive short squeeeezy.

Not going long here , as been long for a very long time. lol.

Looking to short at 1300 ish.

Tight trading range once we top in first quarter.


Simples

Anonymous said...

I'm Short using simples as a buy signal.

ptg

Anonymous said...

I just added to my Long position. This market isn't dropping. Onwards and Upwards.

Jon

tj said...

Oil is done, back-kissed it's 7/13/2009 trendline today

GS back-kissed it's 7/15/2009 trendline yesterday

Anonymous said...

RRman

I respect what you say about FED minutes but I have to go with the "simples" poster here. I just don't think a correction here is likely.

thanks

Jon

UIK Trader said...

FTSE is getting close to a short here.
Would be surprided if it reached 5700

rrman said...

yeah UIK i guess they are going to reserve the fun for after hours to screw the daytraders..

Anonymous said...

Watch the 10 point Gap-down tonight.

ptg

Anonymous said...

massive gap down, roundy and crash

Atilla

rrman said...

I guess I missed this before ???

FlashFusion

MKT: highs coming in right on schedule; 1/4, 1/6, 1/8 (one more left to go), as advertised

Anonymous said...

Went long at the close. Target 1150. We've had a nice 3 day consolidation that will serve as a launching pad. Financials seem to be leading the way higher.


x

Anonymous said...

VIX ($VIX) THROWS UNDER. ENDING DIAGONAL COMPLETE?
The VIX proposed Ending Diagonal count can be considered completed. We are not sure about this pattern, but today the VIX did what is called throw-under beneath the ED 1-3 line. It then came back above the line. After an ending diagonal pattern completes, this is the first clue of a turn when throw-under is involved. The last hourly candle on the 60 minute chart was a long white candle stick.


Kenny

Anonymous said...

GAP UP!!!!!!!!!!!!!!!!!!!!!!!!!!!

bears gonna get DESTROYED tomorrow

zz

Reza said...

http://www.marketminder.com/a/fisher-investments-fisher-investments-looks-ahead/1b82d65f-99cd-451b-8e3e-ada35b64e14a.aspx

Linton said...

man, this market had better go down like helge says.

rrman said...

Don't forget Bullish Monday Bearish Thursday

rrman said...

Looking at Helge just data w/o considering any astro or anything sure looks like we get a 10 pt drop overnight then pretty flat day looking at today again I should have seen the open and close lines on his intraday chart were pretty flat...Friday shows to be down on the intraday but looks like we gap up overnight before open....maybe I'm wrong but I don't see the big down days I was thinking we would have ....I think Reza is right 1025/1021 is all we get if we get that...

Anonymous said...

Jay,rrman,reza,Y,coy,Ravi,Samamehta,


Is tomorrow down the whole day?

Thanks in advance


Jill

Linton said...

What i can say is that. the long term trend is still up till 22 jan.

following jim curry's newsletter.

furthermore, if we don't get big down days tonight and tmrw, just go long to play safe

rrman said...

Jill,
Like I said above I'm rethinking the big down day tomorrow....looks like most of the down will happen overnight maybe 10 pts looks like we move up for a lil pop around 9 eastern and then trend down all day but close fairly flat looks like to me big gap up tho afterhours before friday open...

Anonymous said...

rrman,Linton,

Thanks for the reply. It all sounds good to me.


Btw Linton, I like Jim Curry's work too.

Jan.22 might be good top date. That would be around 55 days fib#. from Nov2 low.


Jill

Linton said...

yea lol.

its partly cos of curry mentioning in his newsletter that he expects a 10-20 day combination bottom 6-11 jan timeframe that i sold my longs ytd. had better come true

Anonymous said...

Linton

When did you sell?

Jill

rrman said...

do you guys have a link to Jim Curry?

Anonymous said...

rrman



http://cyclewave.homestead.com/


Jill

Anonymous said...

rrman

Big gap before Fri open would correlate with Flashfusion last January 8 upleg before going down into Jan.11 And then I presume we rally from there.


thanks


Jill

Anonymous said...

Is Ian suggesting that 1/6 was a high and that 1/8 will be another high followed by a crash after that??

http://timeandcycles.blogspot.com/2010/01/timing-is-everything.html

Linton said...

Jill,

1137.

In your prev comment, are u saying
the trend is down till 11?
8 jan is an up day
11 jan is the low?

Anonymous said...

Ian's thread on FF:

http://www.traders-talk.com/mb2/index.php?showtopic=114765


MasterCycle Top: Jan.8-9

mark

rrman said...

Mark I didn't get anything about a master cycle top on Jan8th I just saw oct what did I miss? Its all in code i guess...

Anonymous said...

I understand it as a "Mastercycle Major high". Here'sa the passage I was interpreting.


"The Master Cycle was looking for the next Major High anytime now, but the markets might be waiting on the 1/8 unemployment news at 8.30 EST.

My next Major Timing CIT is on 1/8-9."


mark

rrman said...

looks like we're going to go back up and fill the gap before open I think that is good for the bearish case...that would mean we should open and start selling off

Anonymous said...

http://breakpointtrades.com/market_analysis/content/intraweek/852/


x

indigo said...

x, what is BPT saying? The link you posted is only for members.

My read of the ES chart shows 5 waves down for A, and currently in B wave up, so it remains to be seen if we get a C wave down or not.

As for Ian's cycle, he also mentioned 1/6 as a high, so I'm thinking that he expects all the selling to happen on 1/7 and for 1/8 to be a CIT, meaning a reversal of the bearish trend on 1/7?? I could be wrong in my interpretation though!

Anonymous said...

1/8 reversal of bearish trend? That's impossible. Even if super bullish you still want few days pullback keep bull alive.

scrap the bpt link. Basically they say negative divergences on 60m chart, caution on long side. put/call ratio in territory where pullbacks occur.

x

Linton said...

So what's the outlook for today?

Anonymous said...

ok here we go


ptg

rrman said...

1132 to 1122 looks good to me...

Linton said...

Seems like there isn't going to be any major activity til 11am today.

11am today - 21hrs from 31st dec low.

Anonymous said...

We're going higher, financials are still very strong. No drop til Monday.

indigo said...

Thanks x for clarifying the BPT outlook.

It certainly sounds as though Ian is expecting 1/8 to be a top, but I'm just confused because Chanakya from Smartp seems bullish from 1/8 to 1/20, and I know they work closely together.

Linton said...

Uh-oh

rrman said...

1030 should be the next short spot on this lil bounce if you missed the 1132

Linton said...

Are u saying its gonna bounce back to 1030??

that doesnt make sense. its only at 1130

Anonymous said...

if ES 1125 holds, then retest highs> low 1140s, plenty of room to run on the RSI

below 1125 > 1119 > 1110


current range is 10.8pts/day, so we are not likely to exceed 13 pts, ie 70% chance 13 pt range will contain the day.



--------------------

http://www.youtube.com/user/lambro39

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


Lambro

Reza said...

SPX 1120-25 area good long entry.

rrman said...

1128.50 when i posted now
1128.75

Anonymous said...

Long fas!!!!!! financials held up real well, they're going higher now

Reza said...

Today and tomorrow may be the low of the month

Reza said...

Anon, go long FAS when 77-78

Linton said...

Reza, u short?

Anonymous said...

I think Monday-Tuesday will Low of month


ptg

rrman said...

adding to shorts at 1130

Reza said...

Linton,

I dont want to short as the trend is up, buying dips now.

rrman said...

got my short sell at 1130 fully short

Anonymous said...

I'm adding Shorts too. Pullback in beginner stage now. Not close to finishing.


ptg

rrman said...

they are pushing fins hard fas is crazy but the dollar is going back up we'll see if it can get their attention

rrman said...

spx is trying to fill 1137.14 gap not sure if it will or not but they are trying

Reza said...

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