THE FUTURE

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

Friday, February 05, 2010

ALMOST THERE


SAME graph NO CHANGES for today OR MONDAY

Thought 2pm would start the waterfall, but it looks like 1pm HOURLY turn

What we got so far

258Bars = 21 hours at 11:30 made the AM low
but a larger cycle is still pulling down

30bars hit at 2pm exactly on schedule
60 bars hits after hours @ 4;30, but CAN TRUNCATE because I REALLY doubt
it will open lower on Monday

Today is 233 FIBO days from March 6th
Yesterday was 377 fibo from Aug 6
and 521 = 144+ 377 from Jan 10th, 2008 and the Dow then fell 1000 points in 10days.
NOT to be repeated here as today is the convergence

more later
Jay

26 comments:

samamehta said...

last hour profit taking--short cover rally? maybe

On one one wants leave the profit on table friday eve, right?

Jay Strauss said...

With NO rally at all, they are SELLING and I would expect potential
stampede last hour

Columbia shows fibo levels
1044- touched it at 2pm
1010- next lower fibo level
980 after that

1010 - 1030 looks very possible
40 pt rule of thumb
1150- 120 = 1030- 20 = 1010

As I wrote yesterday
5th wave of "A" in progress
3 of 5 at 2pm
4 of 5 at 3pm
5 of 5 next

Jay

kevin said...

and then UP UP UP on Monday

(not sure about Tue and Wed though, so plan on making money on Monday and not worrying too much beyond that)

Jay Strauss said...

Kevin
i realize that ONCE the sentiment gets bearish its easy to get caught up in the FRENZY

DONT get sucked in !!!!

Feb 16th is NEXT HIGH

of course its not a strait line

SEE the FEB graph

Jay

Anonymous said...

Yes, half those rises I hoped for on Monday, might be happening right now as I sit on the sidelines. C'est la vie.

Anonymous said...

That was me, kevin, wrote that above a minute ago, it wasn't supposed to be anonymous.

Anonymous said...

You have suggested likely up on Monday, but have you seen any clues to Tues and Wed yet?

samamehta said...

WHAT CAN I SAY? ENJOY THE RIDE UP

kevin said...

pat on the back for you sam.
There was no '5th?' final drop down I was looking for.

I hope this isn't mondays rise happening now and the stars are playing with us again.

((if this post comes out as anonymous shall throw the computer at the wall))

kevin

Jay Strauss said...

30minutes can feel like eternity
Jay

rrman said...

you got that right Jay!

samamehta said...

I agree Jay. just got lucky. I used simple logic. people are sitting on last two days of shorts. This looks like short cover rally. No big news for the rally. there is room to run higher here.

samamehta said...

am out of long here. take my profit and keep it.

Anonymous said...

its one of the few things he has got right

kevin said...

not exactly the 3.45 low jay expected, but then who could predict market action like this.

Anonymous said...

ROTFLMAO

Anonymous said...

whose holding longs over weekend?

mary

kevin said...

OK, maybe anon could have predicted that - now stop rolling on the floor laughing and tell us what happens next week anon

use tarot, crystal ball, chicken entrails, or whatever if you think it works better than jay ;)

kevin

Anonymous said...

back to that drawing board jay

turn it 180 or use it to give yourself a knockout blow

then come back with something accurate next week

I'm outta here for the weekend

Anonymous said...

Did the times and turns like a 3.45 low today happen in any stock anywhere on the planet and if they did jay wants to know about it

to said...

bull structure holds: a tad too many bears jumped the gun
http://www.flickr.com/photos/47091634@N04/4333414788/

Jay Strauss said...

The LOW did occur at 1044
and it was at 30 bars at 2pm

MONDAY IS STILL UP & AWAY

ANON likes to play with our heads

ANYONE ELSE predict a LOW within a 2 hour time period

UNBELIEVABLE

You REALLY THINK your going to make me think IM INADEQUATE because I did NOT PIN POINT the EXACT MOMENT of THE low at 2pm DAYS IN ADVANCE;

BULL SHI

Im going to DUMP this CRAP, and just do my own thing without punching my key board to keep all of you in touch

THHHHTTT

NO MORE LATER

Jay
ps; I had ALL I could do in the last hour to SCRAMBLE and GET LONG

Jay Strauss said...

mkt fell
10,730 to 9835 =900
900 X 78.6% =700

that would take the DOW to
10.500

Jay

KC said...

Nice call for the day. Also agree up into the 16th/17th.

rrman said...

Thanks Jay have a great weekend!

rrman said...

Mary i went flat got by today with a very small gain not sure how though!
at 1pm it was looking pretty grim.