back in long 1077 doesnt look like a gap fill will happen this morning
8 day cycle is downtrending and will force smaller cycles to turn over soon.Jay's intraday map is correct.
jay, my delta stuff has the 2nd feb as a high,with next monday (centred) as a medium term low point.im going to sit on my hands until tomorrow afternoon as my work does'nt match up with yours,and see what develops here.
there is a worry,your work and reddragonleo's both suggest a low.if im wrong,i'll have to take a look at my itd solution.
went short /dx 79.52
/dx classic lower lows lower highs on 15" chart
out of es long 1081 will wait to see what 15" does on stoches still short /dx
don't short into a rabbit holegapped above trendline on weeklyhttp://www.flickr.com/photos/47091634@N04/4322654366/
I cant help but wonder WHYMany analysts PUSH the LOW intoNEXT week, or next monthWe read it all the timemust be some kind of self defense mechanism designed in us to defend our trading positions.????????Today's open reflects the reading for tomrrow. In other words - some times, because authors are only people, they mix up the interpretation occuring today and it then flips over to tomrrowExampleI published the read for tommorowas a poor start, mid day improvement and poor closeIT NOW APPEARS at least to me as I review my data, that READING should fit tomrrow much better than todayWE will know better when the PROPENS index is more complete, and that really wont be until 8am tomrrow, BUT I will publish a prelim graph which should show the continuation of the decline that it shows this afternoon and tomrrow open till at least mid day.10;30 and its possible we may have seen today hod?Also amazing the DOW almost always has to recover 100 ptsrrmanyour call for 1085 was perfect.it looks like the lliott wave from 1096 made an abc low on Friday at 3;30, now into an X wave rebound. thus once finished we would them look for another abc decline = a double zig zag.Activity index updates every 5 minutes IT was at 300 prior to opendropped to 100 briefly, rebounded to 266, and is now hovering at 200Jay
Hmmm.Activity index just dropped from266 to 100 at 10:45am, now at 166Yes its bouncing all around, but trending lowerJay
short 86.1 cash
back in long es 1082.75
Alex says 1107 could be on the table...
Activity index bounced higher after 11am now at 266note the 13day cycle did hit exactly at 11am, made a little dip to +60 on the dow, but dow just hit + 105 at 11:30There is a moon 120 Merc at 2;14pm which could offer the afternoon high & turnJay
Thanks for the chart Jay. Once you get indications for tomorrow, I'd be grateful if you could post the chart.
closed out for 1pt.
Activity index keep my hopping todayNOW dropped to 166, down from 266 a little earlier as posted b4.JayAnyone care to speculate what a collapse today would close at??Flash had published the next critical level at spx 1052Ian had previously reported we are in a Puetz crash window from Jan 29 to Feb5If an abc wave completed at 1071from 1150 -then how low can the next abc wave settle at??remember the 40 pts rule of thumb?So far it is a perfect hit, but is the decline over as of Friday-Jan 29 at 1071??If not then we could see at least another 40 pts lower to 1031, and or 80 pts lower to 991And I dont mean NEXT weekJay
indigoI will publish the daily guidanceat close today, but do keep in mind it could vary as to the events afterwhich lead to tomrrowSo far it only shows potential for a lower open, but using other data available, IMO, we will see a resolution of this down wave tomrrowJay
Thanks Jay, I think so too. I'm looking to short the close today... Seems like a pump and dump opportunity today.
OK so today didn't work out as jay suggested, so tomorrow might.No-one gets it right (or wrong) every time.Up or down tomorrow? None of us really knows, but it's fun guessing. (I flipped a coin, it came down tails, that means down tomorrow) :)
I dunno Kevin I had a great day...we're going to get Jay's big wave down tonight go long at the open tomorrow....
Jay your January Chart worked great if i had followed it to the T would have been fabulous....lets hope that your Feb does as good with the turn
Post a Comment