Pressure building for a rebound

Todays LOW is DUE at 1pm - SUN 90 Jupiter is a major influence @ 1pm

Also marks 329 bars @ 1pm

Jaywiz indicators are warning a LOW is near & a rebound is close by

Hadik shows 10,023 near term DOW target, then 9870- Possible BOTh could get hit today?

The LOWEr the better today

Astro reading for today = look for non intelligent decisions, caution travel, opinions clash.

Tomorrow Oct 7th = OPPOSITE OF YESTERDAY- get the GO AHEAD SIGNAL

Wed = promising & watch for conflicts

Wed still has a low due at 11:30 am but its only a setback low.

Pressure readings are POPPING where they hit lows on Friday @ 2955 , are now hitting the 3035 levels

VHF now @ 5
power index = 300
Activity index = 1, @ 8am- down from 3 earlier
FLUX smooth at 1035, just above the median

Important low today followed by the mkt clawing its way back up to late Oct peak.

Jay

50% SHORT @ 3:30

the heading says it all
Get ready for the worst on monday
Jay

Rebound today, BUT

Today's rebound might last till noon

should sell off going into vote @ 2pm- WAVE related selling;

Power index shows rally at close and open on Monday with strong selling Monday afternoon

50% of 13 day cycle indicates a low on the 8th at 11am, and pwer index agrees with that outlook.

Jay

GOT IT

OK, that was right on schedule

Very good $$$ day

bot a few calls on close

Tomorrow should OPEN Higher, but I dont see any sticking power. may sell off at close.

I sold out my puts at close today and will rebuy positions during the day tomorrow.

Still expecting the 6th and 7th to provide potential mini crash

More on that later.

Jay

And so it was written

Jaywiz Indicators are negative today

Polarity is negative
VHF a Whopping 25
Power index = a GAP from 500 yesterday to 300 today
Pressure index = 2955
Activity jumper to a 5.3 and thats very HIGh- not sure how that fits with the decline today?
Flux = @900

I posted this on the T&C site
MATH MATH MATH
21 years from 1987 Oct 18th = Oct 2008 = 7670 trade days
WATCH This
ive been telling you about the 13 day cycle
590 X 13 = YES your RIGHT = 7670
THATS Oct 14 @ 4pm & a full moon EXACT at 4pm


JAY

yesterday gets only a 2X -WOW

ITS NOT a matter of IF I should get short & buy puts, BUT WHEN to do it. !!!

I'll make this BRIEF ///

I WILL NOW BE BUYING puts on or b4 the close of biz today, OCTOBER 1st.
moved up from Friday's close to today


Commentary
the Mkt would have DROPPED 777 even if the bill had passed on Monday- so news does not make the mkt
they would have found plenty of reasons to support the hit.

Today we have a somewhat bullish overtone left over from yesterday's euphoria, and even the FTSE is up 100 pts at 9am.

Ratios, even the Jaywiz index @ .77 indicates a fairly strong day today

However
VHF = 8 and is bearish

power index = 500 and a little bullish

Activity index was as high as 3 earlier this AM, and is still hanging at 2.3
thats much better than flat line at near 0 on Monday

Pressure index over 3000 today , but takes a MAJOR drop after today to as low as 2970 by tomorrow

What currently amazes me is the FLUX index which has produced gyrations for 5 days in a row which I have never seen b4 on this in the 2 years I have been watching it.
Today is also shows a level of 900
the range is from 900 to 1070
900 - is MOST bearish

After today we have to look forward to a very serious potential for a BLACK Monday and terrible Tuesday
the 66 hr TIME within the 84.5 hr /13 day cycle is STILL @ 1 to 2pm on Tuesday
that WILL NOT CHANGE

the BIGGER cycle of 13days/ 84.5 hours is still on schedule for OCT 14th @ 11am since the 13th is closed for Columbus day- i think.

That matches a cycle LOW & EW wave LOW projected by JR on one of my private groups. He is a very very Astute Elliottician wave & technical anaylst.

Best for now
Jay

WOW, WOW, WOW

Congress and those Pub's, oh Republicans, or whatever they are - party poopers
and they even expect to get re-elected, and Damn, they probably will

I would guess Democrats just clinched the election

The ARMS index was still ONLY 2.04 = NO PANIC

So when is the real panic going to hit wall st??

I am still targeting the 6th & 7th

Are they even going to try to vote on the Rescue bill again? Maybe next week? Whew !!!!

When to get short, you ask? ASAP

Tomorrow, we might see a sharp rebound after the open, and they might even linger till Wed as the trading tomorrow will be quite muted during the Rosh Hashanah high holiday's

One of my graph's indicates a high tomorrow and another one on Wed, so it could be either. HOW high? Not much - AND it wont matter as the wave looks like its in a 3 of 3 of 3 and that should take them down as there will be NO buyers to be found.

Jay

Deal or NO deal ??

Sounds like a TV game show- Ok Howie, we get it- (G)

Central banks supply xtra $$- send some My way - oh, yeh the puts I bot last week just gave XTRA $$$

What should we expect now?

This downdraft should help scare the HOUSE members so they dont want to be viewed as causing a crash

11:30 and holding steady down 300 pts.

84.5 hrs can stretch into 89 hours which = 3:30 pm today

Expecting a rebound tomorrow and Wed Am.

I will be maxed out in puts on Friday Oct3rd.

the next cycle hit is on the 7th at @1-2pm

Jay
Jay

NO DEAL- UH OH

I should have posted the NO DEAL yesterday, and to some of you it would have struck a chord.

It was already pre ordained

And the deal will get done on Monday, probably just b4 the noon lunch break

VHF today active @ 10
Jaywiz index Tues & Wed @ 21,& 22 but .73 yesterday

Power index hits a high this AM of 500 and drops to 400 by day's end- Maybe some pre open anouncment to give the mkt an adrenaline boost that falls out of bed after the open, but the futures are looking GRIM at 8am

Flux = 900 LOWEST level possible

Pressure = 2986= low levels

Activity index = under 1.0 coming off a 3.0 at midnite, and is flat line for the past 3 hours.

How does the 13 day pivot effect people and markets? your watching in action

It hit at 1pm Wed, and we got yesterday's boost
It hits again on Monday @ 11am- watch the cannons & fireworks when the deal is done.

Coincidental ? Not at all
Markets make the news, not reverse.

Jay

Cycle on schedule

S0000, did you see the rebound after 1pm ? that was the cycle I was talking about

The power index calls for a rebound today ending at tomorrow's open follow thru high


From there, we still have the 13 day pivot low due on Monday @ 11am, which should offer a more powerful rebound from there to October 3rd;;

YOU HEARD IT HERE FIRST

I will be MAXED out with PUT options at the CLOSE of OCTOBER 3rd.

The WEEK of Oct 6 to 10th could be historic in nature- exactly what will occur is anyone's guess and I do not have a crystal ball for such things. BUT it will come as a shock to the markets world wide, and the sell off will be considerable.

One thing I can tell you- IT will NOT be financial in nature- that ship is already sailed

Best for now
Jay

Strong downward cycle

1pm Tuesday
That 66 hr cycle seem to be in control, and heading toward its resolution

the last occurance was on Spt5th, and the 4th was also a strong selloff day;

So we should expect today to be weak overall with failed rally attemtps which we already saw this AM

Once the Cycle is complete at about 11am to 1pm tomorrow, then the rebound off of that point should have some sticking power, but should peak on Thursday, if not at the open, then at least similar to today.

Jay

66 hr low

The TREND till Spt 29th is to make lower lows, and lower highs.

Today has a potential high at 12;25, & 3:48 pm.

Tomorrow SPT 24th, expecting the 66 hour low due between 11am and 1pm

A stronger rebound should take hold after that into the open for Thursday.

From there they could continue to hold up most of the day, but a move lower into 11am on the 29th should begin during the day, probably a last hour slide on Thursday..

Jay

Down Monday Spt 22

As predicted, its 10:25 and the dow is off 155

bail out cost rises, and thats just for investment banks. Whats it going to cost to save AIRLINES, or Auto's, & the list goes on.

VHF index = 8 & showing weakness
Jaywiz index = .38 - neutral
OIL + 4.00, not good this week
Power index = 350- toward the LOW side- thus the down mkt
Pressure down to 2990 from a high last week of 3004 = weakness
Activity index ovnt droped from a +2 to 1/2 and flat line = weakness
Flux index = 1010 which is well under the median of 1030, so also weak

WHATS Expected this week?
thanks for asking-
As previously noted,
a LOW on WED at noonish;

Best for now
Jay

UPTREND will continue

BUT NOT on Monday Spt 22nd -

Not all the Jaywiz index data is in, but the one that gives me a future view by one to 3 days is indicating a down day on Monday
Pressure readings dropped from 3040 to 2990 for Monday, but they zoom back up on to 3020Tuesday

Whats NEXT?
Consider Spt 17 the bottom of a 5 wave decline, and forget how it fits into the overall Elliott wave count.

The Spt 18th LOW @ 1pm was the 50% completion of an 84.5 hr cycle that began on 8/21
THUS the blast off which would have occurred regardless of the treasury/Fed or NOT.

10,500 to 11,400 in less than 2 days deserves a good sell off day and that's MONDAY
But the UPTREND should still continue to Oct 3rd.

In the meantime, there's 10 days till then - What should we expect in between? glad you asked.
Lets say the high on the 19th = the top of rebound wave "A"
Whats next is Decline phase "B"

Timewise it looks like the B wave should break down into its own abc
Within the 84.5 hr cycle, we get

9/24 @ 1pm , a Low & the power index agrees @ 200, then to 350 later
power index for 25th = 475 start of the day, STRONG OPEN, but drops to 325 later so any rally that day should fizzle
9/29 @ 11 am to 1pm, a Low , which should give way to the Oct 3rd high- some say SPX 1300.

Hope this is easy enuf to follow
its only 10 days. some analysts give out data relating to what happened in the last 2 years to get where we are now.
That shows us how smart they are with math formulas, but what does that do for us now?- Nothing

Best for now
Jay

Numbers

VHF = 2
under 5 = up mkt

jaywiz index = 46 = up mkt

power index = 500 open & close
up mkt

pressure=
3004 open
2996 mid dai
2004 close

Activity index = 3 = positive

Flux = 1025 & rising= moderate up

additional index --- 5 at lows to 20 at highs
Polarity was @ 5 on 17-18
Now at 10, only moderately higher.

Futures indicate HUGE open to spx 1260 or more
Ftse record Up day

Jay

saved money mkts

Its one thing to save financial companies, but its more important to save the general public which it appears they did by shoring up Money fund accounts

Today's open at spx 1250 begs to be shorted and expect a retreat back to the 1200 area by 2pm

2pm is 90 bars from the 1pm low of yesterday

The close might repeat yesterday's rally and Monday could open at or above 1250, but the GOOD feelings and short squeeze for the work of the treasury will most likely be whats NEXT?

Its good to wkno the even tho the Pres is asleep, weve got others who have been jarred awake and making the neccessary adjustments

it has been said that we may have survived the Money Crisis for now, but another set of SHOES is about to drop in October

Bradley HIGH was expected on the 21st and that means today & Monday
Next weeks levels are expected to decline into the next day of reckoning on the 25th

Will have index numbers later.
Jay

Added Indexes

maybe this group of data will help with direction and amplitude

1. VHF index is a +15 = weak mkt

2. Jaywiz index = .25 on 9day ave = WEak mkt

3, Power index hit 600 at open and now at 500
tomorow at 400
Monday at 300
tuesday at 200
This indicates a declining mkt and could be in a BIG WAY

4. Pressure hit 3040 @ open and drops to 2995 as the day progresses

5. Activity index was @ 3.5 @ oppen and now dropping under 3.0

6. Flux index under 1020 = showing weakness

ALL in ALL the above data indicates the WEAKNESS will continue.
Jay

UH- OH

that chart from ACB shows PANIC selling on Monday;

The High +200 dow today has GONE and it looks BAD for investors, but great for traders

Jaywiz index the last 10 days has hovered in the 29 area on Average, only because one day hit a 60, other wise it would be closer to 25

Im going to add some new indicators and give them names;
1. jaywiz power index RANGE from 200 on the low side to 800 on the high side
Today it openned at 600 and drops off to 500.
Tomorrow , the POWER index drops to the 400 area
Monday its still drops lower to 300
tuesday , Even lower to minimum at 200

2. Jaywiz Pressure index
Range from 2800 to 3100
Today's pressure hit highs of 3004 and drops off to 2996
the LOW of yesterday reading was @ 2958 which plummeted from 3040 on last Friday

there is a danger that the SPX could drop to 1050 area the next 3 days

Jay

Frozen in time

Heres a chart from ACB

You can find him @ www.csiwallstreet.com

Jay

Counted 5 waves Again

Today counted out 5 waves into the close
Wave 4 hit its highs about 3pm

Tomorrow promises an EXPLOSIVE UP OPEN.

But dont expect it to last past the first hour
They wont give the bulls a chance to get in unless you had the _____ to do it today.

I dont expect a major reversal lower tomorrow, but Friday could also open moderately higher and give it up also

A poor close Friday will lead to a major sell off on Monday and probably Tuesday also

Jaywiz index for Monday was .18 = very bearish
Tuesday = .22 very bearish
WEd = .35 Moderately bearish

Jay