AS IVE MENTIONED several times- looking for Moderate positive on 1st & 2ndeven tho is looks BLEAK at the JUNE 1st OPEN as SPX futures are off about 13.00
And June 3rd OPEN should look EVEN MORE BLEAK at open- similar to May 25th
as several short term CYCLES converge at 10am as mentioned in prior posts.
Jay
14 comments:
Rman - you seem to be spot on till now ... q to see if we get our rebound now ...
Jay - this chop zone means that you can't really make any money - how are you playing this?
Holding Short for Tuesday AM
somedays just cant make any $$
should make up for it
Thsday AM
Follow Pivots for exit & entry points
Thats why I dont post MULTIPLE highs for the day, but do give the most probably important
pivot dates & times
Too many people try to be all and Make it tooo complicated
SORRY
WEDNESDAY AM
Short term CYCLE CONVERGENCE
See the POWER INDEX GRAPH
Jay
BOy am I mixed up
get one day off and its like HUHHH
THSDAY June 3rd as the power index shows is the convergence date at 10am
Today
Jaywiz INDEX = .25
OEX pc ratio = .52
DEM BULLS ARE BUYING this dip BIG TIME
MORE DOWN Tomrrow and Thsday AM
1079 got taken out
now look for 1064 then 1054 & 1040
the MATH model shows spx 1008 as potential low either this week or Monday June7th
1220 - 666 = 554 pts
554 x 38.2% = 211
1220 - 211 = 1009
____________________
900 pts lost in 2008-09
900 x 23.6% = 212
DITTO = 1008
__________________
June 2/3rd = Bradley date
Jay
More OIL
More international disruptions
ADDS to the STRESS this week
Jay
hang on tonight guys next few days are going to be like riding the space shuttle (from the launch pad) :-)
Rman - can you share whether upside or downside - long and hurting :O
It seems like everyone is so bearish - everyone on the blogosphere is so bearish ... calling for P3 ...and positioned for it ....
Will the mkt let everyone make easy money ?
AS look at the first chart...
http://www.cyclelt.com/INT.htm
I'm long /6e the euro and holding thru until tomorrow close long
Dow jones EOD Analysis
http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-eod-analysis.html
Rman - yes looking at the same ... so basically this is just a 1 day swing ?
I thought initially we were expecting a move up into the 7th ... now seems to be more flat
Chart 5 shows huge move up tomm ... pause on thur and move up into fri - is that what u see too ?
Just to clarify - am long and only swing trade .... 2-3 days ... my positions are deep underwater in options since the chop is killing the june options ...
rrman
r u sure?
maybe if the shuttle blows up.
going down from here. maybe new lows from what I see now or higher low.
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