Friday, March 06, 2009

SO FAR today

WE got the BURST open as expected but a lower low at 11am confirms

that this is just a nano contra wave 2 or 4

After 9:45 they slid lower till 11;30 @ 180 bars //down 44 pts dow

We should see another UPLEG or burst later today

could be 1pm or 3 pm, but struggling for sure

I did NOT SELL at open thus Im stuck waiting for the next up leg as indicated

We might not get it, but either way I will be 120% short as of the close

more later
Jay
at

4 comments:

  1. Superbear12:39 PM

    Back in the US after a month of stay outside. Recovering from the jet lag.

    Jay - I waited till today based on your suggestion a month ago.

    So, will start pulling the trigger on Monday. Just wondering if we have seen 9th/10th sell-off in the last couple of days. Seller exhaustion seems to be setting in - at least in Financials.

    ReplyDelete
  2. Jay Strauss1:42 PM

    STILL ON TARGET
    for Monday & Tuesday
    NO BUY signals have been generated
    Welcome back
    DOW 5900
    spx 604

    Others agree on my yahoo group
    Deterioration in stock prices very obvious


    Jay

    ReplyDelete
  3. Anonymous1:45 PM

    What is the name of your yahoo group ?


    Kind Regards,
    Bob

    ReplyDelete
  4. Superbear1:53 PM

    Thanks Jay.

    I think you are on mark regarding market weakness.

    In any case, I am going to dip the toe on Monday.

    Great work. Appreciated.

    ReplyDelete