AS expected ,today traveled in a very narrow range hitting ths hod at close which I mentioned in my commentsNew moon tomorrow denotes a change in trend-
just how much a change will be determined by the
first down leg to occur on NOV10th next Wed.
Maybe the start of a NEW direction such as in 2008,
NOV 4th High gave up 2000 pts by Nov20th,
before retracing back to Jan 2009.
or just a retrace in an continuation of the uptrend off the
March 9th, 2009 lows at 666.
Jay
Was that SURGE a 5th wave Final THRUST 0r overthrow for real?It will take a few days before we really know that answer to that
Elliott technicians say "make it so"
McClellan and other internals as pictured yesterday seem to agree
Is this high similar to April26th , or is that just too easy ?
Too much MONEY flowing in to the market to see any sell off ??
today has a few fibo convergneces
89 Jul 1st low
55 Aug19 hi
49 Aug26 low
New moon tomrrow
Bradley date -6th
more later
Jay
17 comments:
this is just an exhaustion thrust out of a triangle, i really cannot show you a better example. we've seen a huge close outside the bb. a must short in other words. triangle target points to around 1232.
good luck and feel free to contact me for more information
cementzak
Dear Jay,
what time is the high of the day based on your Nov 5th EKG?
Thank you.
Dear Jay,
what time is the high of the day based on your Nov 5th EKG?
Thank you.
Cementzak.
You said it was a must short last Friday
For a Monday PLUNGE. That was 50 es points ago.
This mutant Benji has decided that high stock prices are good for us all and is making it happen.
FAZ is taking a beating because broken banks are going higher...go figure.
On 11/4 Ben Bernanke Himself did an article saying what the FOMC was doing. here is a direct quote from that article, which can be found here
http://www.washingtonpost.com/wp-dyn/content/article/2010/11/03/AR2010110307372.html
His plan is working. Stocks are indeed up and up big. Yet, we all know this cannot go on for ever. What on earth happens when this rubber band snaps? What happens when the Dollar is devalued? What happens when the world says "Enough!"?
with the $US being turned into toilet paper ... materials and commodities are the hot spot.
You know with seasonal hiring for the Holiday coming the stock should continue higher till maybe mid Jan 2011. Yes very possible we see a pull down from NOW until then, but I would buy the dips.
It hurts since I still have FAZ/VXX/BGZ and down over 40% now...I always use a LOSS STOP this time I goofed big time.
I think market topped
Jeneva, did you see my count? I figured out it was a triangle, and as we all know, a triangle comes before the final advance
http://oi51.tinypic.com/2hx8v2s.jpg
sincerely
cementzak
Abdullah
I am in the same boat. I use stoploss but not this time
cementzak
contact info
Cementzak,
So you are 100 percent short??
HI C
thanks for the graph
I use Columbia as his graphs are easy to read, and have published some over here- they are on his public pages
MONDAY PLUNGE ???
Maybe and maybe not
I'll publish an adjusted Nov graph over the weekend
basically
after high today- on Nov5th
expect Negative days on
8th to 10th
10th =more likely a plunge day
16th to 17th
22nd to 30th
In between expect positive days
Contradicts that NOV 4th LOW previously published graph as we possibly got that EXHAUSTION
thrust HIGH on NOV 4th, turning that Oct graphs upside down.
AND CONTRADICTS that NOV 17th
HIGH at 144 tr days from Apr 26th
IT would appear the CYCLES, that IAN published for THIS WEEK are more important.
The length of time between Nov 22nd and 30th obviously makes that time frame more dangerous
I know Ive LOST a lot of PEOPLE due to my CONSTANT negative calls
but I have to report based on
the info & data Im getting
LIKE May, this month could offer the WORST Nov in 70 years
the FIRST KEY date is NOV 10th
If it resembles May 6th , we will know how serious this month
will be, and since its next Wed, we dont have long to wait.
INTERNALS as seen on the 2 graphs I posted from Columbia do who INTERNAL WEAKNESS, not to be IGNORED
regardless of FED funding banks
They may wish to sit back
for a week, or month to see if they want to invest in stocks that have already run up.
OR
Maybe they will sell now, and buy back when those stock are available at fire sale prices
Jay
PRAMOD
HIGH of day could be 3:45
based on energy
180bars at 12:30 right now making a little low
204bars next @ 2:30, or 210 @ 3pm could open the door to close near the HOD
EKG does NOT give specific TIMES
I have to derive that from OTHER
means, but thanks for asking
I would really like to get more commentators with OPPOSING
DATA- NOT JUST JABS in the back.
It would be great to make this a FORUM where we can BOUNCE ideas OFF each other with data, charts, graphs, energy, etc to back it up
Ians BLog is a place to GET INFO
this is a place to DISCUSS the market- whats next
LETS USE JAYWIZ BLOG THAT WAY
thanks
Jay
Jay - your data is just fine without FED interventions. The corrupted FED/POMO/QE2 is a challenge right now for the shorts.
As always thanks for sharing.
Thanks Jay :-)
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