DAMN good for sureJay
Is the BULL GRIP slipping ??
Are bears yelling WOLF, once too often, or is this the REAL thing when the BEARS are ready to throw in the towel--- I CANT TAKE IT ANY MORE !!
which works at both end of the spectrum- { bulls at bottoms & bears at tops}
CONTRARY thought- mkt forces you into it.
Futures waning off the earlier AM highs at 9am
Power data shows up, dn, up
Neg energy at 11:11am
90bars at noon
126b @ 3pm
One of my sources indicates the 28th as the more important pivot low
as it also showed oct4th as the pivot low for early Oct.
That rally shown on the EKG after NOON, does not have to be a higher one
charts on the dollar indicating the LOW has been hit which would have been
@ 76.20 on the 15th
One source indicates an ODD lot sell signal was triggered Monday
ROLLING TOP ?
GOLD high last week
Dollar low last week
Stocks high this week
more later
Jay
9 comments:
Where are we this am? Well in following on yesterdays stock mania, the futures were up nicely ahead of the initial jobless reports, and then after the report they spiked even higher. Why? They say that initial claims fell 23K. What they don't like to tell you is this...FEDS REVISE LAST WEEK'S UNEMPLOYMENT NUMBERS UP TO 475,000; CLAIM DOWN THIS WEEK...
So, they hike last weeks (after the fact) and then tout this weeks big fall. It's criminal but it happens EVERY WEEK.
The Fed pumped money into the system yesterday. Now today nothing is "scheduled" so it's possible the market remains flat or even "god forbid" dips red a bit. But dont' worry, Bernanke will be back on the trail tomorrow as the NY Fed has another POMO operation scheduled.
the rise from the tuesday low still looks a 3 wave structure.
cementzak
Hi C
yes it looks like a 3-3-3
from 1160 to 1189at 11am
how does that fit into the next wave
based on what we know about elliott waves?
usually follows a 3 wave retracement from 1185 to 1160 on Tuesday
that structure usually indicates an irregular b wave top
expect a 5 wave decline now to 1100 area by next Thsday
Jay
buy the dip
Todays read is similar to Monday
dont make HASTY decisions
Jay
OK,
its 2pm & WERE cookin
guess we need to see 1160 taken out
to know this is SERIOUS
Jay
Jay, is today the high or are you expecting a secondary high tomorrow? (based on highs this week)
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