THE FUTURE

THE FUTURE
SCIENCE DOES IT BETTER

Thursday, September 16, 2010

SPT 17th SNEAK PEEK & Update

NOT great, but not too bad either- could count it either way
Jay
Heres a MORE complete view of today's EKG

SPX 1130 was at the top of the futures earlier, but now at 9am is waning some
CNBC hopefuls looking for break outs - glad to hear it-
everytime they profess a mkt slide---you can be sure its going the other way
Jay
Jaywiz index was .26 yesterday which is more bearish than it has reported for some weeks
PC ratios also 80% bearish for 4th day in a row

Power graph showed the day making a low intraday
possible times
neg energy at 11;41am
30bars at 12:30
60bars @ 3:00 pm

This year it seems to say
Buy RoshHashanah & Sell Yom Kippur- opposite to generally known predictions

In addition to Jupiter's general aptitude for money , expansion & good luck;
it is making its CLOSEST pass to Earth till 2022

Jay






JUSt as projected by the POWER index, we see the DAILY EKG confirming TOMRROW

CYCLE converge at 10am
SHARP DOWN open followed by renewed UPSIDE

DID anyone see that BIG put OPTION buy yet as there was LAST MONTH
on the day b4 expiration ?

Jay

39 comments:

RickyBobby said...

Their buying into the close Jay. This makes more sense does it not?

AS said...

We have a surge AH - spy up 0.5% ... RIMM surges on earnings ...

cementzak said...

according to my analysis

gap up tomorrow.
then down to a higher low
then back up to peak, we should take out the august highs
we might close the week at the highs of the week&month

then next week huge gap down, don't ask me why

cementzak

AS said...

Cementzak ... you are expecting down and new up all in one day ?

AS said...

I see 114.5 SPY as a possibility tomm - kicking myself for going short EOD ....

haagensen said...

I have 10.00 as a low ( maybe the low of the day) and then up ... other major turningpoints 14.00

Not so Major: 12.00, 12.30

Mike

haagensen said...

..and probably not Major at all:

09.26, 10.10, 11.10, 11.35, 13.05, 14.03, 16.17

Mike

Jay Strauss said...

Ricky
My FIRST inclination was to wait for today's close as I had previously posted.

Cementzak
PROBABLY CORRECT
higher open at 10am, then lower, and late recovery

MIKE
thanks for input
up until last nights close, I had 10am pegged as a LOD ALSO
BUT if it is the HOD, then we shuld see some selling into at least 2:30 before any recovery

30Bars @ 12;30
60bars @ 3:00pm
similar to your outline, and YES, Nothing MAJOR

Mathematically
1130 = # 5 , indicating CHANGE
we saw support at 1040 which also = 5.

1220 = 5 = change, and it certainly was on Apr 26th
Jay

cementzak said...

@ AS =

gap up
then down to around 1122 or so
then back up to peak

might see some weakness settting in before close

sincerely,
cementzak

RickyBobby said...

I think we make a early morning high and head down all day or gap down and go down.

I glanced at the last 225+ of my 21 hr index cycles and only 2 of them rallied a 3rd day straight without getting any sell signal. Currently we have 2 days up and I like the odds that the top for this cycle is in very soon today.

Now my index isn't the SP but they do strongly correlate.

Jay Strauss said...

Thanks to those who participate in every aspect of this blog

Jay

AS said...

Thanks for sharing Ricky .

Cemenztek - thanks for sharing more details on the cycles .... do you have any projection for the top ...

AS said...

Jay - can you share your reading for next week - you mentioned 20th - 24th down ... is it still looking that way ...

also can you share your thoughts for monday ?

astro8 said...

the chart has vertical line showing the full and New moons. Full moon is Sept. 23 after the fed meeting. We could crawl under the trendline up to the apex area to the Full moon 1150 would be it. don't think so. Just enough to trap the Bulls

http://i56.tinypic.com/mj04xu.jpg

San said...

S&P 500 Broadening pattern

Jay Strauss said...

AS
more details about next week will be published over the wkend
The 20th is NOT to be considered as
negative, and in fact might be quite positive
,but I still think 1130 is very strong resistance
OR
SPT20th = HIGH EXPECTATIONS, which will NOT be realized as the next day should smack those bulls very hard

Jay

AS said...

Jay - trying to decide if I want to hold my shorts through a ramp - that is why asking about next week - if you could share thoughts of mon / tues that will be great.

AS said...

http://1.bp.blogspot.com/_OSfvk1xrysQ/TJN2xbYmFJI/AAAAAAAAFiA/wPAxoZCrSTE/s1600/spx+hourly.gif

haagensen said...

Very nice Triangle formed..

Mike

haagensen said...

10.00 was so far the low.. ( se above..) 12.00 was a low.. would the 12.30 be a low and a breakout of the triangle.. and then the 14.00 a high ?

Everybody.. what do u think ?

Mike

haagensen said...

hmmm...12.30 was a high.. will it take us down.. until next major turningpoint.. I doubt it..

Jay Strauss said...

As
I dont know what to tell you other than what ive already published about next week

expecting ALL HELL to break loose on the 21st to 24th.
23rd could be a 1000 pt loss

If we dont get a 50 to 100 pt sell off today, then I will also HOLD shorts thru Monday with spx 1130 STILL resistance

Frac man expecting a 700 pt loss next week
Jay

Jay Strauss said...

Today we got
9:45am HIGH of day @ 1131.47
10am @ 258 bars dow was off 26

next is 60bar cycle low due at 3pm

from there, they can recover into close

Jay

haagensen said...

Thanks Jay

Jay Strauss said...

According to the power index, we should see a sharp DROP off this afternoon,
60bars @ 3pm seem like the best bet for the above
which again leaves an open to close better, which is also depicted by the power index

All thats left NOw is the action.
WELL, Im waiting like the rest of you

Jay

Jay Strauss said...

Mike, once the 12pm Low is broken, the should go for lower numbers

11:26 was a 13 day segment pivot and that one is also about to give it up.

Damn- they can be STUBBORN

Jay

RickyBobby said...

UPDATE!

As of now I have a 34 day cycle SELL signal. If the signal stands by closing bell, IT is a bonafide SELL. THe signal is real. Which means SHORT any rise or spike from there. The stocks can rise a day or2 thereafter depeding on where the smaller component cycles are in their cycles. Otherwise IT IS a SELL.

haagensen said...

Just dobbelt tjekked my data.. the 15.00 CID should be way more "powerfull" than my earlier 14.00..I have no idea for the direction...

Abdullah said...

The big wild card is Obama on Monday.. He's going to hold a "town hall" meeting on CNBC. Excuse me? A financial CABLE station? He's that desperate that he needs to address the investing public on CNBC?

So, will the criminals allow the market to be red on Obama day? While he's spewing lies about how great he's doing, are they going to let the market go red? Or has word come down from on high that "you better be "up" for my speech and questions? Only time will tell.

ARAK said...

FOMC on Tue. They may hold this pig up until then. If something goes wrong in europe all bets are off. Watch FXE, someone is hitting bids in big blocks all day long.

Jay Strauss said...

Abdullah
Monday the PERFECT time for the PRES to set up extended enthusiasm ; HIGH confidence & optimism
it agrees with natural energy for the day.


Whats the GOVT going to do when the SPX drops 200 pts in very short order

are they going to come alive to
support failing Something??
is failing overdone??

Another country take the gas pipe??

I have NO idea what event will coincide with a sharp drop, but you can be sure it will not be pretty

Jay

cementzak said...

doesn't look like the top is in

might need one more push to 1138 or so

sincerely,
cementzak

RickyBobby said...

OEX: Sept17-20
FULL MOON: Sept 23
FED: Sept 21
GANN DAY: Sept 21

MY INDEX SYSTEM:

avg. TOP is 21(avg) days into 34(avg) cycle. Sept.24

avg. TOP is 55(avg) days into 89(avg) day cycle. Sept. 22


...and some people say Fib #'s are only imaginary.

Tell that person politely to #@*# *#!.

AS said...

Looks like one more peak before a fall ... this whole move is still looking like a bull flag ...

crissy said...

We are not ready yet, not even in sept.


target is 1140 at least, will be more, up to 1160-70, I think.


We should get a bullish rest next week, we'll go on furthermore.



We missed the one and only entry, that's why there is talk bout going don around. And so are many.

crissy said...

One more:

we will get sharp corrections, but for the next 2 years trend ! should be up.


Very imho.


I would appreciate, if Jay would respond to that.

crissy said...

One more:

we will get sharp corrections, but for the next 2 years trend ! should be up.


Very imho.


I would appreciate, if Jay would respond to that.

Jay Strauss said...

RICKY
thanks for the fibo update

Crissy
The trend for next 2 years is biased down

Jay

haagensen said...

TurningPoints for Monday: 12.15, 13.50

We might have a TurningPoint at 10.40 - 10.50 but thats a bit unclear to me..for now

Mike