THE FUTURE

THE FUTURE
DO YOU WANT TO SEE THE NEXT BREXIT in ADVANCE ?

Thursday, August 26, 2010

Afternoon Commentary

NOTE the fibo dates & timing

144 is FROM FEB 8th low = SPT 3rd -lo to lo
377 is from March 9th low = Spt 3rd lo to lo

This is FROM MY DAILY SPREAD sheet which keeps a record of TRADING DAYS ONLY

THEN
we must ADJUST For each NOV & DEc as there are 2 days that trade till 1pm only and count as half
days- THUS WE MUST ADD ONE FULL DAY
making SPT 7th the ACTUAL LOW

Now, note
Spt 3rd could be the CLOSING LOW
and SPT 7th the AM intraday low which is ALREADY SETUP
on my radar and blog as such at 10am

Jay

6 comments:

Joseph said...

your getting better and better Jay, this site is AWESOME !!
For now 10k has held and the Russell Fin 100 bounced from 700. Im looking to go long on your Sept 3 and or 7th date, of course things can change...

Thanks
Joseph

Jay Strauss said...

As far as SPT 7th GO LONG IS FIXED IN STONE

SPT 8th says NEW START

SPT7th at 7am hangover from the 3rd

3rd has MULTIPLE long term FIBO cycles converging neatly

Im thinking from Monday to Friday should give up 144 spx pts to get to 940

All in one week, makes good $$, otherwise they KILL them puts with time erosion
That doesnt happen with calls

Jay

Jay Strauss said...

SPT 7th at 10am , sorry TYPO
BUY BUY BUY BUY
NO DOUBT ABOUT IT

Jay
It might linger a day, but just like today it will be forgotten
in the dust of the bull till SPT20th

San said...

S&P 500 analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010/08/s-500-analysis-after-closing-bell_27.html

Abdullah said...

I really do think that tomorrow is going to be a telling day. If Benji lets fly with plans to provide more liquidity, the market will love it. If he doesn't, I don't see a single thing that will keep us "up" for next week.

Since the positions I am in are short sided plays, I'm in a position where if Benji let's fly the punch bowl, we're going to take a smack. I sure don't like that, but I'm gambling that he's going to say "not enough" to make the street happy.

astro8 said...

Jay wondering if you might have a cycle low today around 1pm? Looking at the Bar chart. thanks