THE FUTURE

THE FUTURE
SCIENCE DOES IT BETTER

Thursday, January 28, 2010

Projected path as posted Monday

Wave 3 that we are in NOW should be a multiple of wave 1

wave 1 lost 60 spx

60 x 1.618 = 97 pts

that would be a gift from the Gods

Jan 28th reading
shocking news
postpone biz decisions
nervous energy

Jan 29th
Yesterdays problems INCREASE
antagonism
caution with $$

Dont waste this opp

Hadik now sees low extended to Feb 1 & 2
wheew, what took him so long ? gg

Jay

28 comments:

Sherm said...

Jay,

congrats and great work. I am amazed at how accurate your work is.

Made good money on this down move, but would have made so much more if I would have just trusted your work more.

I'm really gearing up to move long next week. Do you see that as being a good rally?

Anonymous said...

Reshorting here, time for another ride down!

Anonymous said...

Die market!!!! Fully short here...love it!


t

rrman said...

added to longs 1080.50

rrman said...

should have a nice rally into close and for a few hours in ah...

Anonymous said...

Short this deadcat!

c

Sherm said...

rman,
do you think that ah rally holds into the open tomorrow?

then down again?

rrman said...

I think we gap up tomorrow even with us closing at HOD today looks like to me we are up into monday with some profit taking last few hours Friday then recovers to a nice high monday then Jay's huge decline into tuesday...

Anonymous said...

Watch us hit new lows into the close. Last chance to reshort! don't miss out


x

Sherm said...

rrman

from your lips to gods ears......

I hope it works out just like you laid it out

rrman said...

AAPL has woke up...

Anonymous said...

Really doubt this holds up, shorting now. Good luck all


x

rrman said...

x watch AAPL it is driving the market today if it drops you are right but its rallying now...

Anonymous said...

Doubling my short position now...we should tank hard soon are gap down huge tomorrow

Reza said...

Everything is tied to Uncle Ben

Anonymous said...

Market's looking a bit tired here. Adding to shorts now


t

Anonymous said...

someone just took a sledgehammer to the market. fully short!!!!!!!!!!

Anonymous said...

aapl went back to sleep

Anonymous said...

I expect a rally from FRI continuing for next week. Shorting at this point can be hazardous. There is no basis for predictions of decline on Fri and Monday.

Jay Strauss said...

Sherm
thanks, but I do make mistakes
so, best to take some and keep yuor wits about.

WE know there has to be another strong dive between now and Feb 2nd

its not a matter of IF, but exactly when we get that gap and drop

1078 bah humbug
wheres the BEEF ??

Tomrrow's read says it might be the day

hmm, activity index hit 233 at about 3pm, and has now dropped
to 100
Damn -too little too late for today
power index today 400 to 350
tomrrow 350 to 275
Monday 400 to 300
Tues not avail yet

Dynamic index fell and rose, the fell again late day, just like the mkt, but its NOT an advance data feed

Frustrating until we get a resolution to a low.

Jay

Anonymous said...

That's not the close u wanted rrman. You might want to switch your postion now. The market could hit new lows tomorrow morning.

Anonymous said...

Anyone notice we just broke out of a bear flag on the dailies? I'm loading up short in afterhours here. Seems like good risk vs reward for possible black Friday


steve

rrman said...

still long we got a drop at the close that I didn't expect but still think we go up into the 1st I just don't see a big down I think the big down was that trick they pulled early this morning catching a lot of folk off sides...

Reza said...

rrman,

Do you have any sites that predicts the futures

Anonymous said...

Death cross got strengthened today and bear flags are everywhere. Tomorrow would be a nice day for capitulation. Been short for a while now and still waiting for the washout


graham

Anonymous said...

loaded to the hilt in puts that i was too greedy to cash in earlier...hope we tank badly tomorrow and get this over with!

Reza said...

Jay,

Do you think they may bounce of Dow 10k, then roll down

Red Dragon Leo said...

Jay,

You remember that "fake print" of a 97 point drop on the spy on January 11th? Isn't that odd how your "wave 3" projection is for 97 points?

Now that's eerie my friend!

By the way, I'll be going 100% next Friday the 5th, as I'm expecting that drop to start on following Monday or Tuesday (per last weeks' "weekend post" on my blog).

I'm currently long oil (USO), but other then that I'm just waiting patiently, as it's too risky to take a position on the spy right now (unless you are day trading... I just swing trade).

It could blast higher next week from this support level (as I expect it too do), or crash on through it? It's tough to go long or short right now, as the direction isn't picked yet?

Maybe the GDP tomorrow will make the decision for the market... of what direction to take? Time is short now... Tic Toc, Tic Toc

Red