Thanks for putting your thoughts out there for us all, Jay.
Do you mean Feb 5, 2010 = April 10, 2000?That would be something
Sept 1, 2000; may be a better comparison when spx threatened March 24, 2000 hi.(1530.01 vs 1553.11April 14, 2000 with 1339.40 low was more like February 5, 2010.Let us see
thanks Ravi - good to hear from you.Im just looking at Jan 14, 2000 High Like Jan 19March 5- 2010 High like Mar2000 April 2000 looks like what we might expect for March 2010Crazy or NOT ??SPX on March 6th, 2009 = 666RUT on March 5 th, 2010 = 666One at bottom,second one at TOP?????????Ravi,My graph shows a LOW on APRIL 1st2nd is good friday-mkt closedSpt 2000 was an SPX high, but Im referring to April2000, mainly because I have a rebound possible of EQUAL strength the follwing 3 months which could possibly take the spx to 1200, but thats for laterJay
HannahIts more like researchJay
RaviARe you looking at those current dates as a potential LOW??Jay
Ravitake a look at IANS blog-link from my main pageHe has all the dates alignedJay
Jay,If this is any help to you and others.http://cobrasmarketview.blogspot.com/2010/02/important-highs-and-lows-calendar.htmlThanks
lucky6--So Jay--a reboud high to 1200--Iknow you don't like to put numbers out--but you did--Ha--so what is your guess for the break to 1 April???
About 666....Date of Oct07 High + 666 Bars = March 19 Bill
any swing trader shorting these levels WILL be in profit within 2 weeks regardless of drawdown imo.not a lot of use but just remembering not to get too carried away with upside.this week should have some fake moves also,if we head straight down from the open here,its likely a ruse for me and ill cover shorts in the afternoon.if we go up it could be the trip up to previous highs,so shorts need to allow breathin space.should be an interesting 5 days i hope.
Hi Snoopy,thanks for joining inWhen I mentioned spx 1200, it was not meant as a GOSPEL OR predictionbut there is a fibo levelat 62% of the 900 pts lost in 2008/2009from 1575 to 666900 x 62% = 560 + 666 = 1226So its ONLY a fibo projectionNOW< IF you rememberI reminded us many times of the time & price convergence on Jan 19th55% in time55% in priceHOW LOW IS LOW for APRIL-1st??Why do I need to project that if anyone is going to HANG me out to dry if we dont get to it?? On April 1st THERE will be MANYcalling for an immediate CRASHJUST LIKE NOWDONT FOLLOW THE CROWD NOWand repeat that warning on April 1st.April 1st- reading PEOPLE LACK LOGIC & ReasoningJay
BillIf a bar = a day then something doesnt fitFrom july19,2007 the dow first touched 14k + 666 = March 11th, 2010I cant find a convergence of TIME for 666 that has any meaning, or I should say at least none that has any meaning to me.I have a spread sheet for Tech data that goes back 7 years or moreJay
Bot more TZA at MARKET Guruat 9:45amJay
SHORT THE CPAP OUT OF THIS MARKET BOYS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Jay - what is this Marketguru ? How do we see it ?AS2009
www.marketguru.com/jaywizYou can set up your own trading account and converse with MANY traders who are ranked by the owners of the site.Jay
looks like we had the lod on the euro at 1100 it should go up into 8 or 9 pm tonight then BIG wave down into the Europe opening looks like tomorrow will be up but gap down at open....most of the nice action this week will be afterhours I went flat out of my longs abt 11 will wait until tonight to go short...
oops got out of my longs about 5am this is part of my new strategy to only trade the Euro in afterhours as when I examine my trades I tend to make a lot of money afterhours and give a lot of it back during trading hours...so I will see how this works.
thanks rrman for your posting.Please post so we can follow. I am short as Jay's chart
Yeah its good if you are trading equities and can't trade the afterhours its best to be short
i also see downside for the next couple of weeks. it will be followed by a very strong rally that will top somewhere in June/July and will be followed by a long & slow meltdown
out of short /6e at 1.3572 now long/6e think we go up all day then down at the close all night into the open tomorrow ....wed will gap down just like today then be up all day
1132.50 ish on the /es but i'm not trading it
Hi CementzakGreat outlookAgree 100%Jay
FWIW I have about SPY 105 for the end of the month and then back up to the 112's for both April and May. My major concern short term is the potential propping of the markets until the Health Care bill if voted on. When you see the ES up and then the next day cash relatively flat you know something is not quite right.
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