Update shows about the same but with continuation of drop at end of dayWHICH may or may NOT occur UNTIL the NEXT morning which is a phenomena we have
seen a quite a few times with the EKG
Read says CHALLENGING start today, CALMER tonight
Friday EKG shows similar events, so IMO, any BUY opp can be used to SWING trade
Seems to concur with lower open258bars at 10;30, which might get truncated to 10am
Reading calls for Challenging start
INTERNALS Tech data are SCREAMING BUY
concurs with the POWER INDEX, which starts out at 300, and jumps to 500
and holds that level on Friday for the most part.
Any early dip, if we get it would be a buy opp
got to 1100 as projected several times at 12:noon which was right near the 13day cycle pivot
at 12:25pm
Jay
50 comments:
Jay
Do u see 1050 by end of month
@rrman, watch out, the € had bullish engulfing candles yesterday, imho we may see a double bottom or even a higher low at 24th, more or less.
1050 by the end of the month? why not the end of the day?
sincerely,
cementzak
jay, rrman, abdul sent u email
CRASH!!!!
cementzak
good idea.
Jay
yesterday was 10.08.2008 comparison.
What happened after that, does it look similar according to forecast
gameplan for today? Get in long?
think 1075 may produce a bounce
No question about new lows.
I would guess that spx 1044, the Feb low would be the target, maybe even tomrrow
1220- 120= 110, done once
broken today could mean 1080 as we have discussed as possible
258bars at 10:30
might be lod ??
Jay
Positive influences ended April26th
Negative influences increased this week thru tomrrow
relief Mon & tues, but picks up Neg again Wed to fri next week
Jay
Jay
Did u look at 10/08/08. Seems close shorts during EU close. Then short again at close. Then long in the am tomorrow
Jay,
Lets play by the earnings guidance in the future. It makes more sense. Dow wants to go to 9200 area for a bargain
I think we see 9000 by mid summer
i think 1075-80 technical 10% bounce
get out of faz when jpm 37, wfc 28 area
Jay
Remember our game plan was to go long at 1050, when everyone H&S
need to stay below 1092.07
xlf wants to go to 13.66
rrman
Helge's chart is working
Jay's analysis is working as Fed is not manipulating anymore.
Jays analysis went wrong because of Fed manipulation
Jay
I think everyone is looking for 1050-56, so they may turn it around 1075
1056 looks like tomorrow
Reza
Got under 1080 at 10;30am
258bars at 10;30am
Im out for the day
Will re-short later on bounce
OR
wait for tomrrow open- might be higher
or both
______________
lost 144 pts from 1220 to 1078
any bounce should not exceed
1090 would be a nice place to stop
and open at 1100 sets up the next drop to 1050 tomrrow
Major neg influences now effecting human behavior & market sell off as described by the readings thru tomrrow
Jay
Dear Jay
This week is literally a mirror of the week 3-7 May.
Yesterday we reached a point of fibo which was confirmed.
Now we are to go to next fibo ratio point to do a jump.
Jay as I wrote you many people I came to know ridicule esoteric sciences out of ignorance.
It is easy to read a tech chart in a trendy market but when it is total dark all analysis fails.
At times the polarity can be different and can be mistranslated where we can err.
That is why it is important to keep the bigger picture always in back of mind to create short frames!
TOMRROW is related to NOV 20th, 2008 Pivot low by FIBO 377 tr days
June 2nd Bradley is related to
Dec 1st, 2008,
a 700 pt Dow down day
the ACTUAL low is still expected on May28th, but June 2nd has some cautions, but the readings for may27& 28are more negative
testing 1050-1044 tomrrow should bring a strong rebound Mon & Tues
as the technicals are grossly oversold, AND can get more so
258bars HIT EXACTLY at 10:30 spx at 1078
30bars at 1pm
60bars at 3;30
would like to see late recovery and higher open to reshort
Jay
spx needs to be under 1092.07 at close for short
Astral
I need to be MORE DIRECT
as you already know, hedging is not my game, and Im sure my readers appreciate that
what was Wave 1 - may 3 to 7
is NOW
wave 3 May 13 to 21
Wave 4 May 24 & 25
wave 5 May 26 to 28
Jay
AS
Get out your longs by Wed
Reza - I was thinking of closing today on a bonce to 1095 .... you were thinking Wed may 26 - can u share what you are seeing >
1135
AS
What stocks do u have
If it bounces from here 1135, it may change tomorrow
Reza I am holding
USO jun 35 call - 35% underwater
USO Jun 39 calls -85% :(
AKS Jun 17 calls -65%
AS
Sent u email
uso should bounce from 32.11, may bounce to 33.5 next week
AKS still a falling knife next target 11.41, may bounce to 14 next week
Jay,
What targets you see for wave 3?
With 40 point rule, I am thinking 1100-40 = 1060?
Reza - thanks for your email ...
Jay - nice call on 1090 - how did u calculate that ?
So u are looking at an open at 1100 tomm ... and drop to 1040-1050 ... big bounce early next week ?
Anjali
In a perfect world, that would be NICE
Jay
we are coming into the NEXT
bar cycle at 1pm
Jay
just came in
what's your recommendation?
I thought rally into late afternoon then drop big?
why short at tomorrows open since that is after the drop?
will is go up to 1090 or 1100?
thank you
out of faz and tza now in fas and tna
rrman
have you tried TYP & TYH ?
3 x techs
Benjoyce
GOT 10;30 bar cycle pivot
got 1pm Bar cycle pivot
next is 3;30, and possible close at 1090
Power index is UP after open
and higher in the AM, but drops back after
Jay
thank you Jay. I'll behave myself.
your a good man
Jay
Agree with TYP, TYH, DRN, DRV moves much faster than FAS/FAZ.
DRN & DRV if you know how to play it
DRV still have lots of juice left.
FAZ does not have much juice left
We need to close under 1092.07 for gap down
Jay,
Stick to original plan. SP 1056 bears will wake up, then we go long tomorrow
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