This might be a little more accurate for todayand a late sell off or WEAK afternoon should lead to a continuation of the sell off into Monday
Monday cycles
150 bars @ 10:30
180bars @ 1pm
204bars at 3pm
IF we get a SHARP retreat on Monday in the FIRST hour, that should set the lows for the week
as the next 2 days SHOULD settle into a narrow range, thus getting ready for UPSWING later in the
week on the 13th and or 14th along with Merc Direct & new moon
Jay
9 comments:
Jay
This updated post makes more sense.
We also have a new moon on the 13th which in this case does look like a relative low setting up quite an impressive rally into May OPEX though to about SPY 120 max,..., a lower high!!
Kc
OK,
I just noted on Chat roll that the new moon on the 13th is the game changer
Any low Monday should meet with some support till 13th with bottoming process
jay
KC
Europe effect almost over for today
and will pick up again Sunday night effecting Monday till about 11am
Jay
I think we are all trying to wind down from yesterday but yesterday was a perfect fractal of the 8/16/2007 low which implies the general trend is up into May OPEX.
eu down 3%
105 looks possible for bounce next week
chat roll not working??
BOT short at 12:21 as previously indicated would be a short term high
and so far it was
dow up 18, fell off right after
Jay
Once it hits 1047, everyone will be looking for H&S, so bears will wake up to short. Seems thats when market will turn
Reza
Great observation
get ready to go bullish when the BEARS come out to play
Even with that HUGE drop yesterday
the Jaywiz index was a LOW 21 indicating more selling on top of the 43 from the day b4, and a 20 on Monday
Lets hope they can CAP off that monster OIL spill so I can swim at Naples beach this summer
Jay
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