THE FUTURE

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

Tuesday, February 23, 2010

Feb 24th

Im not sure how viable an UP open as shown, BUT it does seem logical from a mkt point of view

However, the power index also agrees with a lower close

and again, it very hard to pin point how low or how high from the daily guidance above

WE can use fibo against support & resistence to find those values

Venus 135 Mars at 12;30
BAR CYCLES
156bars @ 11:30am
180bars at 1;30
204bars @ 3;30

So, we could see a mid day low on the aspect and a late day low on the bar cycle pivot

I am offering this information to the public on this blog which gives me an
PORTAL to organize my thoughts & data where I can publish it for my own review
otherwise, just thinking the above can get lost in the wind.

anyone else reviewing this data above should not take this as gospel.
and EVERYONE is welcome to offer additional & supplemental information
to either support the suppositions or negate them with constructive
informative data such as offered by some OF THe NEW MEMBERS
on the previous comments, as well as some of the previously established members.

more later
Jay

IT IS STILL MY POSITION that Jan 19th PRICE AND TIME CONVERGENCE
is NOW leading toward a corrective process that will be ending on APRIL1st as previously outlined
Cycle convergence FROM-- JULY 9th & March 9th
______________________________

MORE NOW --Feb 24th

ARMS index -TRIN Tuesday was 3.03

I think thats a SIGN of deeper cuts to come shortly
A high trin can slice both ways

NOTE on Feb4th -TRIN 3.45 signaled a low about to occur as it did on the 8th - within 2 days
NOW ,we might get a short term low shortly as Ive indicated for March 1st.
Expect another high trin near or above 2.00 this week, and lower prices
Jay

32 comments:

Reza said...

Thanks Jay

rrman said...

out of my longs from early this morning 1198 level whew! did ok just had to hold thru the mess of the day

YipYap said...

I think zizag nailed this one with his collision chart.
The high was Feb 18th..

http://dl.dropbox.com/u/312885/SPX%202010-02-23%20at%207.31.48%20AM.png

AS said...

Jay / Astral - can you share your longer term views for those of us who are swing traders (2 days - 10 days)

AS2009

KC said...

YipYap

Nice chart. I have a SPY fractal chart that has the same projection to the high 101's.

KC

samamehta said...

short the rally wed.

short target 1103 --1109

rrman said...

short euro /6e 1.3545
1097.8 level

after8 said...

futures are still positive,so im going short here,im prepared to suffer up to 9pts of drawdown if neccesary.hoping for 1083 in the next 2 days.bernanke rubbish coming up pre market open.

after8 said...

yip yap,nice chart.where does zig zag post?

Jay Strauss said...

AS,
My March graph should have answered
ALL your questions about whats next.

Still looking for
March 1st low
March 5th high
and the rest is on the graph

Jay

Jay Strauss said...

Welcome # 111
and note the additional data
about TRIN on the main page

Jay
HIGH trins occur as the mkt heads lower

Adv/Decl was 45%
Volume was 15%
45/15= 3.00

15% up vol OR 85% DOWN VOLUME
And
45% adv - declines

Jay

Jay Strauss said...

Sam,
looks like we got to your projection for today

J

Reza said...

Astral, rrman and others,
any thoughts

sirgiyan said...

'Others' me that is, still believe in higher prices going into weekend. I think today's crazy moves sort of confirm it since we had swift recovery from morning plunge. It also tells me that there still enough bears to be squeezed. - so my take 1120 or so by monday

Reza said...

Thanks Sirgiyan

sirgiyan said...

No problem.
I do have some ERX bought yesterday near close, but in case you don't have any position at the moment - I would simply wait untill friday/monday since there are VERY good chances weekend would be a turning point. (could be low or high)

astral said...

Today is going to be neutral day for most part. I posted some key hours that I consider really hot on my blog.
AS asked for swing trading timing. I would be posting later today on my blog. For now I can say that buy on Fri and sell on Tuesday to Wednesday next.

Jay brother Good work on blog. It looks so cool now. I hope more people FOLLOW and register which cost them nothing and they can add value and create real good conversation.

Jay Strauss said...

Sirigyan

Since March 1st is a BRADLEY date
we can expect TURN

Will it be a TURN from a low or a high

thus your suggestion to WAIT for Monday is VERY VALID

Thanks
Jay

KarateKid said...

spx:short-1104

Jay Strauss said...

karatekid
WELCOME &
thanks for loggin in

there might be one more spike higher today, but it wont mean much
as it should be brief.

Activity index has moved Up from 66 at 7am to 200 right now near 1pm.
thus holding price levels from dropping.

Jay

after8 said...

agree jay,this should hold support here for the next 30mins to an hour,maybe crawl up a bit but should be a fall down into the last hour.

rrman said...

out of short /6e1.3552 waiting on a long move now we just hit Jay's 1pm eastern turn time so it should be close to go long Euro

rrman said...

ok back in long euro /6e 1.3546

after8 said...

small short here at 1105.9 cash. 3pt stop

after8 said...

closing that last short at 1101.9

rrman said...

Jay's 3pm turn time!

ARAK said...

Jay,

what does it look like for tomorrow?

YipYap said...

after8: I saw zigzags chart here.

http://trading-to-win.blogspot.com/

samamehta said...

as i said yesterday short the rally

futures 1095ish now 12:20am

may make to 1081 ES tomorrow.

if not, bears game is over and if bounces in morn.

short rom 1103.75 , now stop at 96.5 and exit at 90.

maybe a little panic day thursday to 1081 or more

AS said...

Zigzag has another T collision at 11-12 today ... should be interesting ...

http://tinyurl.com/y9y5qcn

AS2009

Jay Strauss said...

Sam
thanks
Excellent comments from all of you
Jay

AS said...

Jay - what is the chart looking like for today - no new post ?

AS2009