Propensity index NOW shows the WAY
It rises in the AM and falls in the Afternoon
UP open till 9:45 and or 11am should LEAD to SELLING and LOWER CLOSE at 4pm
Tech level of support is FIRM at 866/870 spx
that would give us a dow of 8142
As mentioned BEFORE, today is 144 tr days from Oct27th,
which was a very important turn date.
the close of Oct 27 combined a 55% of my 13 day cycle AND an 8day cycle LOW
Well guess what we have TODAY
a COMBO of the 50%/13 day cycle low & an 8day low RE VISITED
granted the 50%/13 is due at 2pm, but I did mention that cycles can be extended.
ps;
please keep in mind that I need to review about 40 different variables
BEFORE I write these reports
More Later
Jay
Good work! Thanks Jay!
ReplyDeleteMcLaren
ReplyDeletehttp://www.mclarenreport.net.au/articles/articles/210/1/May-22-2009-CNBC-SQUAWKBOX-EUROPE/Page1.html
best,
A2
Thanks brother, my family and I appreciate your feedback, take care
ReplyDeleteGreat work Jay. thanks for your help.
ReplyDeletesam
October 27th, 2008 took a DIVE in the LAST 30 minutes
ReplyDeleteCould do the same thing here ??
228bars cycle low @ 10am
touched friday's
Its now 12;30 and were not getting a deep dip on the 258bar cycle low
but it is coming off the 11:15 HOURLy high
On a 10day chart, I can count 5 waves off the high on the dow at
8591 Wed, into 10am this morning.
count it as wave 'a"
We are now in wave "b'
I can count from 10am an abc x abc
up to 11:15am
END OF DAY = wave 'c'
Activity index is at 233, and I will report when it changes
The mid day high off the 258bar low is approaching at 1pm
Jay
THANK YOU FOR THE UPDATE JAY.
ReplyDeleteWaterfall
This comment has been removed by the author.
ReplyDeleteJust wonderful Jay. Again I say, Where are the bashers today?
ReplyDeleteKathy
the post I removed was a
ReplyDeleteduplicate
DO some MATH
8590- 8222= 370 pts
370 X 38.2% = 140
8222+140 = 8360
8364 At 11:15 AND 1pm today
They should start wave "c"
DOWN shortly
If wave "C" matches wave "a'
then we could possibly get to
dow 8000 at the close
Jay
Jay
BELLS are ringing
ReplyDeletethe ACtivity index JUST DIVED from 233 to 133 at 2pm
should have an effect within 30 min to an hour
Jay
Kathy -
ReplyDeletethe market's still up.
There's not much to complement Jay or bassh the detractors yet.
Let's wait & see what actually happens.
Jay - hope you are correct, but I'm trying to leave town by 2:30 Central. Wish the move would start ASAP.
Syteve70
Still think we get a 350 point drop to 8000ish? You're indicators might be a bit early. Looks like we're heading higher into the close.
ReplyDeleteJay -
ReplyDeleteIt looks like we should have bought at the close yesterday.
Don't market timers get frustrated from trying to do something that is next to impossible?
Looks like another wrong forecast.
What's new!
Hi Jay,
ReplyDeleteMost websites have detractors, I hope you don't pay attention to them.
Thank you for your updates.
it looks like you will be proven right.
ReplyDeletesam
Sam -
ReplyDeleteOh really.
Do you believe we are going to Dow 8000 at the close?
steve
ReplyDeletein italy we say:
what two balls :o)
take it easy and leave alone jay
bufo
Market better hurry up, 8000's a long ways in 20 minutes. Awesome predictions as always...like flipping a coin...almost as good as the atilla call this morning for faz over $6. That should've been a red flag since xtrends is such a great fade lol
ReplyDeleteJay's forecast is good for general direction not absolutes! Jay indicated that the markets would descend in the afternoon and that today's close would be lower than yesterday's. It happened and the emini futures are lower. Good call.
ReplyDeleteTo continue my comment..."UP open till 9:45 and or 11am should LEAD to SELLING and LOWER CLOSE at 4pm"
ReplyDeleteYES a LOW was HIT on Thsday at dow 8222 @3pm, BUT WHICH ONE OF YOU SOLD your puts and BOT calls
ReplyDeleteAND did anyone consider ADDING more shorts at dow 8590 on Wed.
ISNT HIND SIGHT wonderful
GGRRR.
_________________________
SOLD OFF after 3pm from 8360 to 8277.
Needless to say Im NOT happy at all.
ThAT DROP WAS DAMNED ANEMIC
BUT IT DID SELL OFF AS INDICATED
You Cant falt the indicators or the cycles
______________________
Does that NEGATE THE BUY ON CLOSE?
NOT on your LIFE
SOLD puts for small losses AND
IM IN about 25% of account $$ - bot CALLS at CLOSE
__________________________
ITS STILL possible they could OPEN
down on Tuesday to get to dow 8000, BUT I DOUBT IT
Activity stayed down but did NOT drop under 133
Tuesday's POWER INDEX is poised at 500 and jumps to 600 on Wed AM; today ended at 400
GET READY TO SHORT Wed mid day at SPX 940 or above-
power index drops from 600 as noted above to 300 on Wed, Thsday & Fri,
Once spx 940 is achieved, the next BIG move is STILL expected from next week to drop SUBSTANTIALLY into JUNE17th
NO, spx 600 is NO LONGER expected, but a fibo level between
666 & 940 is to be considered
more later
Jay
Jay, again a great work. Just clarification: are you expecting 940 by Wed. PM? what do you expect the tuesday low to be?
ReplyDeletesam
HI Sam & others
ReplyDeletethanks for your support
Yes; spx 940 should be reached on or b4 Wed May27th MID DAY
From there we REALLY DO START the correction to end on June17th
any big dive low on June 17th should be followed by an equally monster rally
Jay