Today starts out at 180 bars and as previously noted appears to be opening Lower
starting at 180bars might not reach a decent turn until 11am at the 13 day cycle pivot
or even at 11;30 at 204bars
And today will finish the day POSSIBLY at 258 bars, unless that cycle drops into Monday's open
we might expect the day's rebound high to complete between 1 & 3 pm
Jay
26 comments:
GREAT POSTS JAY. HAV BEEN READING REGULARLY
REZA,RRMAN YOU OLKS OO GREAT.AND THANKS FOR HELPAND SHAING
Jay
You forecast fits my fractals for the day. A low about 1 to 1-1/2 hours after the open and then up into the close.
@rrman, I#ve got the € running up into monday.
WOW
a close of + to - 30 makes the most sense.
Like rrman I haver taken bigger short positions for longer down process into late April early May
Thanks, look at €/CAD, amazing move today !
Well this is sort of wild. The SEC is charging Goldman Sachs with fraud over CDO's. It's a pretty damning statement.
Basically they say Goldman, in conjunction with Paulson and Company frauded subprime mortgage buyers. So, Goldman is now down 18 dollars a share.
This is really quite an interesting development folks and frankly Wall street will circle the wagons and defend themselves.
But in the meantime, it's really interesting.
I hope that they crush Goldman.
RMAN, Helge says down,down, down,
from now thru Monday?
Going down to next level.
Spiral date hit on April 25
When Tuesaday low pivot is breached, I would say hold on to your shorts
Good calls from Abdullah and Rrman
LOL
I'm flat on the Euro will see what happens Sun nite looks like we should have a rebound wave i am only shorting the pops now because we should be entering a down channel and longs are too dangerous
I am going to hold on to my tza until may at least
All the Government ever does is fine companies.
GS will pay a fine and go on as usual. I wish not but that is the way it has been forever.
rrmsn,
I am with u
It is finished.
remember guys we are starting a down channel but it won't go straight down we may have more down now but more than likely we might retrace half way back so there is a lot of money to be made in the next 15 days shorting the pops
Here is Helge's seasonal chart
http://www.cyclelt.com/SE.htm
Might have an intraday bottom here.
still no significant down until early june though,will be a good buy if we get a couple of days like today by the end of next week.
any calls on gap
Good blog!!
Thank you.
http://www.cyclelt.com/SE.htm
look at the waves on this first chart its almost saying the downwaves mimic the upwaves since the Feb lows in reverse
Hegle SHOWS MY May 4th LOW
on CHART #1 as per rrman
Jay
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