Darn close to the real days actionstill achieving 70% accuracy over time
now since March 24th
Jay
KEEP in Mind that the EKG is NOT EXACT- but represents DIRECTION more than Amplitude, so dont be misled mentally thinking something that is not, but as you can see it works damn well
Its only 7am, and Im early- got an appt to go toIf the 7am futures hold at open, then we should see the
above till at least 10am at the 13 hours cycle
We appear to be in a battle between the buyers & sellers ; --Duh, of course
but its Different from Spt & Oct where most of the Selling was restricted to a few days
This month we see selling every day, but recovery during the day from
those staunch bulls who are still in buy the dip mode.
when will bulls get the message?
Later this month when selling overwhelms buying, or buying just dries up
Yesterday's FLUX action was HEAVY most of the day
Today, so far is Heavy again, but is only part of the day, thus we see that translated into
the EKG above.
30b@ 10:30
60b@ 1pm
90b@3:30-- could set the tone for a late recovery as above
Many bulls still HOPEFUL for a return to 1225, but I really tend to doubt that
the daily readings seem to be pointing toward a low on the 17th,
with a POSSIBLE plunge starting at noon on the 16th
more later
Jay
11 comments:
the 10day ARMS at 481 is SCREAMING SELL
Jaywiz index at .42 is moderately bearish
that FIBO CLUSTER on NOv 5th -so far has held its own, and the tide seems to be turning toward the bears
As previously mentioned, the BIG down days are not due till the end of the month, but we could get a possible plunge day from mid day on the 16th to the 17th
From there a recovery on 18&19 would set the stage for the secondary sell off from
Nov22 to 30
Jay
the market is correcting, not in an impulsive way (12345), but in the a corrective abc pattern. that must explain the choppyness. but that doenst mean things can't get ugly
sincerely
cementzak
Look at the new POMO schedule just posted:
http://www.newyorkfed.org/markets/tot_o ... edule.html
This fund manager has called all the big moves in the market correctly some times within months of it happening. He gives this bull trend two quarters before falling! http://www.cnbc.com/id/40115265
Abdullah
for the longer trend, Im currently looking at Feb 2012 for a mAJOR LOW.
Downtrend to start Fall of 2011
Jay
Gary Shilling at Bloomberg news says
Significant stock sell off within 12 months
NOW THATS news to me
{GG}
Jay
Jay
Its better we focus on month by month basis. The manipulation messes things up
Anyone think China will kill AAPL this weekend. We have no more manufacturing in USA, only AAPL
Wells Fargo could not take it anymore sues itself
http://www.denverpost.com/business/ci_12811216?source=rss#ixzz14ywFQEV8
SPX closed under 13 sma. As I said in previous posts
stay long until then. Now I would short the rallies instead of buying the dips until we close above it.
G-20 meeting was a disaster for Obama, because of pomo. A currency/trade war is now brewing. Could get
ugly.
Thanks Janeva
Some Elliotters are considering
the current high on NOv5th as WAVE 3
thus wave 4 and 5 are STILL coming
Guessing we are in wave 4 now to 1170, and then he says wave 5 to 1300
No time frame suggested by that tech
38% retrace however, is to 1155
by my math, but 4th waves can be more serious and take out as much as 62% to 1110
Jay
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