I did NOT short yesterday, but probably should have at 1196-
hindsite, hmm
MY game plan is to get short on both Q's and Gold today
THIS NYSE GRAPH speaks for itself- If YOUR not sure what it says, then send me an email
TODAY's CYCLES
Europe holding up well this AM- Will that indicate a rebound after open?
EKG seems to be pointing toward that outcome
yesterdays low hit at 30bars at NOON - LOD at 1181
Today's bars are
90 @ 10:30
120 @1pm
156@ 4pm
ED Low at 4pm
Monday's bar cycle was Ed low & 258b @ 4pm, but it DID HIT on the OPEN next day
WILl that occur today also leaving FRIDAY"S open for a CRUNCH start on Ed Lo & 156b?
Today is also a BRADLEY TURN - HAS been turning in high pivots most of this year
FRIDAY calls for
DISRUPTIONS & set backs
Sorrows & problems with $$ issues
Support lines
1184- broken
1158
1126
1075
STAY TUNED
Jay
 | |||
| NEW EKG, A LITTLE MORE SKEWED than actual- BUT DIRECTIONAL occurrence is AMAZING |
ED low & 156bars
ROLLS OVER TO Friday's OPEN for a continuation of the decline
3 comments:
95%down volume
only 132 new lows
ARMS about 2.35- NO PANIC
no where near the last 2 bottoms
No margin calls yet.
HOW LOW IS LOW?
1126 to 1075
STAY TUNED
Jay
YES, I bot short Q's at 11am
and noon
IM IN FOR THE RIDE
FEAR has NOT HIT the MKTS
Have a happy T day, everyone
AND MY SINCERE thanks to those of you who renewed your subscriptions.
It very gratifying to see that Everyone has a chance to overlook some errors and make it up on the big runs like this one.
WEVE changed TACTICS and are NOW playing the day trades, rather than a few days or a week- Yes it costs more to make those trades, but it worth it- When YOUR out every day, it gives your brain a chance to see things more clearly. THUS we are making BETTER trading DECISIONS,
and that SPILLS over to benefit the group
PS
2012 is going to be an amazing year- the rebound high is only limited or determined by this months low
STAY TUNED
Jay
I will be At the OFFICE until about NOON tomrrow, so If you want to subscribe, go ahead and do so.
I will then send you the latest updates
PLUS
ALL THE ARCHIVES
STAY TUNED
Jay
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