Heres a chart from another one of our followers, JerryO
It shows a major convergence of lines at 866
derived another way via math
recent levels 875 -835= 40 pts
40 X 78.65 = 31
31+ 835 = 866
Gee, that was easy
Ravi
I will try to limit comments to 25 per posting
And
The time from 2:38pm was adjusted to 3:38 pm due to DAYLIGHT savings time - I had forgotten about it
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Whats Next
Once again Monday is stuck with a Saturnian influence , thus one of my reasons for predicting it as a down day.
AND the readings for the day are
Stress & fear are prominent
expect moody reactions & stay in the background
________________________________
LOW POINTS FOR Monday are scheduled for
100% of my 13 day cycle @ 10: 30am which was ONE HOUR LATE on WEd
and if that is constant, then is matches the bar cycle low
***
60Bars @ 11:30
90 B @ 2pm
NOW- once in a while we get a 108 bar low which hits at 3:30
and if it does, it could be the LOD
hourly cycle is still constant, until Wall st realizes we are on to their tricks
but we are much too small a group for that to happen
11am
1pm
3pm
can be plus or minus 15 minutes from time to time
Heres something to watch
note the hourly cycle is at 3pm and the bar cycle @ 3;30
we see it QUITE OFTEN the mkt makes an inflection LOW at 3pm, and repeats it at 3:32
OR inverts it at 3;32 if 3pm was an inflection HIGH
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Monday should emulate the 20th which was off 300 pts,
not saying it will do exactly that , but it is probable
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Tuesday calls for a GOOD START to the day
and should be a healthy recovery type day
____________________________
Tuesday NIGHT has some heavy lunar hitters and
a CRISIS of sorts could effect Wed's trading in a negative way
The slide should continue at that time and extend into May4th and or 5th
but more about this time frame later
_____________________________________________
More Later
Jay
Immaculate Performance.
ReplyDeleteThanks Coy
ReplyDeleteHope I can keep it up
Newest tricks are working
Propensity & power index appear in SYNC with astro for a lower day tomrrow
And could even start the day on Tuesday with a mildly lower open even tho the reading indicates a good start.
120bars at 10am on Tuesday
right now, the game plan is to close out puts purchased on friday at 3;30pm on Monday
BUT the Activity index updates every 5 minutes and the exact point of close could change a little, BUT it will be 4pm AT THE VERY LATEST
in other words, Im not going to wait for a POSSILBE lower open on Tuesday, because I want to be prepared (mentally) to buy some calls.
OR worst case scenario, if I miss the buy, then I will sit out the day and re enter short positions at 4pm
more later
Jay
Jay, you and Tim (achartist) have been agreeing lately.
ReplyDeleteHowever, he sure sounds bullish on Tuesday thru Friday.
My daily spx chart hints at a small diamond pattern in the spx. It could fall to 848 on Monday and still be inside the diamond. Of course, we we fall out of the diamond, well. . . that would tell the story.
edit -
ReplyDeleteTim seems bullish thru May 6.
guess that doesn't necessarily mean up all this week . . .
have you seen Merlin?
ah - this is challo, btw
Just the idea of two potentially huge down days a week apart, April 27 and May 4, is scarry.
ReplyDeleteToday we have a T-Square: Mars squaring both [Pluto and Kronos in opposition].
Next Sunday we have another T-Square: Venus squaring both [Pluto and Kronos in opposition].
spx futures low was 847.60
ReplyDeleteI don't know how that computes with the spx cash but if our markets follow hong kong markets (down 2.74%), we will be breaking down out of that little diamond pattern i saw . . . I think spx needs to stay above approx 848.
an old article about the diamond pattern -
http://www.gold-eagle.com/gold_digest_00/joubert070100.html
challo
more on the diamond pattern (if it is relevent or applies at all)-
ReplyDeletehttp://www.trending123.com/patterns/
Diamond-Top-Chart
-Pattern.html
Duration of Pattern
Consider the duration of the pattern and its relationship to your trading time horizons. The duration of the pattern is considered to be an indicator of the duration of the influence of this pattern. The longer the pattern the longer it will take for the price to move to its target. The shorter the pattern the sooner the price move. If you are considering a short-term trading opportunity, look for a pattern with a short duration. If you are considering a longer-term trading opportunity, look for a pattern with a longer duration.
Hi Challo
ReplyDeleterefer to Tim's chart from last week
5/4 low after a 4/29 top
that chart agreed with my work and still does.
IMO ;the TOP is IN and any recovery tomrrow 28th, is a nothing event.
as written, I will be re entering short on 4/28 by the close or open on the 29th.
FOR REFERENCE :Monday Apr 27th -8:15am
More Later
Jay
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&st=2009-03-16&i=p48332942463&a=164040990&r=267
ReplyDeleteThis chart says a lot. Pandemic concerns should be down all day.
4-27-09 Monday 9:00 am
http://4.bp.blogspot.com/_TwUS3GyHKsQ/SfUHllduu0I/AAAAAAAAAY8/m0VYWvJpbqs/s1600-h/djusfn.png
ReplyDeleteHeres another chart from Rotrot
shows very clear whats next
thanks for posting the other charts here also - excellent
information
Jay
oh - ok Jay.
ReplyDeleteTim's charts kind of confuse me because the 3 MA's (or whatever they are) kind of say different things and he follows the strongest one.
When you say "the Top is in", I assume you mean short term?
iow - we aren't going down to make new lows?
we could, ya' know . . . .
challo
astro8,
ReplyDeleteI hope that I'm not overdoing my comments wrt diamonds. This is my chart.
http://s86.photobucket.com/
albums/k109/challo1/
Market%20Stuff/?action=view¤t
=042409spxdailywithpossile
diamondupo.gif
so far, as of 10:55 am, we are still inside it.
It looks as if Merlin might invert this week and we see your lows, Jay.
Damn;
ReplyDeleteI was looking for little more today
BUT theres still a chance tomrrow could open lower, but otherwise, we will have to wait it out
Wed has a 258 bar count at 3pm which is also an hourly, and it comes after the fed announces nothing new.
Still expecting to re enter short, now it would be on WEd at open or by 10am, but more about that later
Yes I see the DIAMOND pattern- many techs are sending it around
it can stretch out some b4 collapsing
Other than May 4th or 5th, MOST of May does have positive astro, leading up to the 18th b4 giving back to some negative influences
Jay
Jay