THE FUTURE

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

Friday, October 29, 2010

Compare wave to EKG today

OK once again
Jay
chart above FROM ELWAVE RIDER
IT WOULD APPEAR that IF we close at or near 1190 today,
which is somewhat indicated by the EKG, that MIGHT JUST complete wave"c"-2
OPENING the DOOR for wave 3 DOWN without warning

Fascinating that the POWER GRAPH seems to be showing Monday as a PLUNGE

And technical trader KNOWS the MKT iS VULNERABLE at this point, no matter
what the FED does

BILL MERIDIAN says the MKT runs into a BRICK WALL this weekend, and that
seems to fit a TREND CHANGE or at least that ALLUSIVE PLUNGE thru the 4th
Jay

NOT much happening today

Pos energy at
10;30 am -- so far on track, and its now 11am
3;49 pm

55%/13 day cycle at noon might be a low
60bars at 1pm

reading calls for a pleasurable day

I FIND IT VERY HARD TO SEE HOW A PLUNGE IS AHEAD OF US
LAST CHANCE for near term in up to NOV 4th
AFTER which, the mkt should have legs to run higher into Nov 19th to 21st

Energy patterns do NOT show support for such a plunge
Bradley PATTERN does NOT show such such a plunge

ON the OTHER hand, from what we KNOW about markets VIA charts, graphs, cycles, Elliott
tech data, we see WEAKNESS inherent in our present price level

IS the mkt building DOUBT within a very narrow price range, or will it open up , even if briefly for 2 or 3 days thru the 4th??

What will it take NEWS, or fundamentals, to get SELLERS into the trade??
Disappointment over QE2???

Wed's read does call for Confusion
Thsday AM calls for EARLY upsets, but a positive afternoon

Neg energy did pull the mkt lower on the 28th, but NO WHERE near as low as
we might have thought given the wave, energy, charts, etc

SO where does that leave us

SIMPLE- WE WONDER WHATS NEXT- ME TOO

Jay

18 comments:

Abdullah said...

Jay - those technical divergences I've talked about continue to make their presence known. As I've been saying, in the past they have foretold pretty hefty pull downs, yet at other times, the market has pressed right up and over them. So it's really impossible to tell if this is foretelling a rug pull or not. I guess it depends on Next Wed's decision from the Fed about how much QE they're going to release.

Abdullah said...

If the Fed wasn't active with their POMO.. we'd be negative already with DOW 5000.

Abdullah said...

There's a pretty good chance 11,200will hold as resistance and sometime next week we see a major fall. Maybe it's "sell the news" after the Fed. maybe it's fear the outcome.. after the elections. Time will tell.

Janeva said...

Don't fight the Fed.

Jay Strauss said...

ABDULLAH
I can tell you this

NO Matter what the FED does, NOV 4th at 11am could be the LOW of the weeke

Also Friday is up against a new moon which is also abutting
a Bradley date
89 July 2nd low
55 aug 19 low
Standard time change on the 7th
FLash TURn date

This is the LAST chance the bears have to show their stuff
Till the Jan 4th ECLIPSE

Keep in MIND that power graphs shows a PLUNGE on MNDAY
I SAY SHOW ME
then I will believe it

Helge once said that the MKT will TURn when BEARS become BULLS

Jay

cementzak said...

a plunge would be nice, but i would be happy with a 5% wave 4 correction. NDX to the low2000ish.

then we start wave 5 of C to conclude the countertrend rally probably in early 2011?

cementzak

AS said...

Jay - you mentioned you were looking for a high on monday - now looking for a plunge ?

Janeva said...

AS.
A plunge on Pomo day, on first day of month???
Short of a catastrophe, don't count on it.
Go with the high.

Reza said...

The only option for long is gold, nothing else is there

Reza said...

weekly close for xlf 14.6

Reza said...

I will wait to cover shorts at 113.49

Jay Strauss said...

Janeva
Your probably right about Monday
Im just reporting what Ive got from the scientific data of the power graph

Overall its only 50% correct on ave, so thats as good as ZERO

But I did adjust the data last week, and it is working better;
I just havent published it till I see the results for a couple weeks

Jay

Jay Strauss said...

Janeva
the POWER graph is in CONTRADICTION with ENERGY for MONDAY, which does indicate a benevolent day

and 39 hours cycle on Tues @ 10am could provide the HIGH & Turn lower

So the POWER graph COULD be off by one day

Jay

Jay Strauss said...

there are 2 important fibo cycles coming in NOv

10th has 3 fibo convergences
off previous LOW
7/2 for one

Nov 17th is 144 tr days from
April 26th, and could be an important HIGH

and the FM is on the 21st wkend

NOv 26th this year is a HALF DAY

Jay

Reza said...

long not safe

cementzak said...

no Jay, we'll tank on Monday. don't change your mind about that.

getting tired of that pomo and don't fight the Fed nonsense.

take care,
cementzak

Janeva said...

Cement.
If you fought the fed and Pomo since august 27th,
Then you've been slaughtered. Short of a terrorist attack
Or huge natural disaster, Monday will not plunge.
I'm assuming you are fully short now????

Janeva said...

Hey cements.
Me and the Feds Pomo will see you and your
Elliot waves on Monday. New highs over 1193
Invalidate your waves. Don't fight the fed.