Wednesday, May 06, 2009

Fred's Chart


Heres a better pic
sorry about the first one

more later
Jay

20 comments:

  1. AS of near 11am on Wed, May6th

    Nasdaq is down and dow is struggling

    Activity index behaved correctly yesterday

    and today also

    WAS up from 133 to 233 and a few moments ago, has take a sudden dive back to 133
    dynamic index is also on the downswing since 10am

    Similar deal for tomrrow
    bank stress test results
    might be an occasion for celebration until the glow wears off and again THEY ARE SELLING INTO EVERY RALLY

    dont forget they've been buying in since April28th and are taking profits on every bounce.

    more later
    Jay

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  2. The activity index making a sharp retreat after 11am is in agreement with 90 bars at 11;30 & the 55%/13day cycle pivot low

    which means that an 11:30 to noon low should also produce another rebound.

    but still got coming off highs at close

    Today's reading says
    DONT FOLLOW THE CROWD or jump on the bandwagon

    Ive read that b4 at times like this and it has always meant
    dont be DUPED by gossip and rumors

    more later
    Jay

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  3. Kathy,

    I read your comment in the last post and it was hilarious! Keep it up.

    I have always found that humor works the best in times of stress.

    In general, these markets are not to be toyed with.

    I am hearing the rumors that Helicopter Ben is personally working at the Repo Desk, so be careful.

    I think we are going to see a blow-up in Treasury market in Fall (auction failure) and that might be the opportunity to go hugely short. However, markets might be much higher by then (which would be quite good).


    - Shankar

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  4. Anonymous2:11 PM

    Thanks for the encouragement to you Shankar and Jay. All in jest. There's an old saying: "Be a lady in public and a whore in the bedroom." LOL. So I'll leave it at that.
    Don't you guys think it's more than a coincidence that the market is replete with hugely bullish sentiment as we near the 200 dma?

    Kathy

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  5. Kathy,

    Yup. And I am reading forecasts of 1,000+ in the next 2 weeks.

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  6. Anonymous2:56 PM

    Right now the GOV wants the market to go up plain ans simple ..

    They will decide when it goes down

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  7. Anonymous:

    Don't be so cocky. The end result is not too good - a failed auction and then finally, the run on the US$.

    Contrary to what you may think, the Government is not that powerful - at least where markets are concerned.

    ReplyDelete
  8. Your right Shankar
    Markets move goverments

    There is a small chance we could see GAP down openings next 2 days

    recoveried during the day tomrrow, however.
    but not friday
    Looks like Charts Edge might be somewhat close to reality

    Yes, the MORE bullish the SENTIMENT,
    the more bearish we should be

    Kathy, Great humor, but I get the feeling your single- wives of 15 years dont think that way anymore
    Im on my second one, now getting to 15years next month, and I wouldnt trade a minute of it.

    If you remember, MY propensity index was pointing toward the 6th for the original scenario from last week.

    IT Cascades into Monday from here

    Im still havihng a tough time getting a fix on the propensity index, but it will re align and does show potential for sharply lower open also.

    Maybe Im pushing it along with hopes and wishes, but thats what I see.

    When do they report that bank stress test results?
    b4 or after the open?

    activity index did make a comeback late in the day
    You see how that 3pm looked like that was it, and then the 3;30 LOW once again started the next upswing to closing.

    Tell me what you read into this
    full moon reading says
    "Streamline your assets"

    more later
    Jay

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  9. This is hilarious!

    A Brief History of Dow Jones
    http://www.youtube.com/watch?v=T3imSKAvgmY

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  10. Jay, the bank stress test results should be reported at 5:oopm tomorrow, after the market close.

    Pauline

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  11. Anonymous9:35 AM

    THIS IS INSANE!!!!!!!!!!!!!!!!!!!i'M GOING THE WAY OF JESSE LIVERMORE. i JUST HAVE TO GO OUT AND BUY A GUN!!!!!!!!!!!!!!!!!!!!!!!!

    LOSER

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  12. Hey there loser above, did you buy FAZ like I did around $ 8.44?

    signed:
    Another loser

    ReplyDelete
  13. Anonymous9:46 AM

    OK Kathy.

    Let me know where to go and what to do for getting a job in the porn industry.

    The bullish percentage is close to 90 now. We seem to be the last bears around. They can't get that ratio over 100, can they?

    ReplyDelete
  14. Anonymous9:47 AM

    LOL, I'm glad I already have the experience of shorting every presumed top during the 2003 rally, i was subscribing to Prechter & Co's newsletter, every week they said the next leg of the bear was going to start, and I shorted...and the market immediately went higher.

    back then, like now, the small wawes going upwards looked like a weak struggling market to some analysts...and like nested 1 and 2's making a whopper wave three upwards for others...

    but today is a no brainer high, the market has been climbing into the bank-report propaganda, of course it will be good news, its part of the government bail out plan to only present good news.

    best,
    AA

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  15. Anonymous9:51 AM

    Problem is sentiment is getting way more bearish as everyone is waiting for a decent pullback on this insane rally. No gap down today. Whoever is selling into the rallies is missing out on huge returns to the upside.

    x

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  16. Anonymous9:53 AM

    Sentiment getting way overbearish? Looked at the indicators? Smoking something strong?

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  17. Anonymous10:35 AM

    The one big short I was looking towards this week And my dammmm fricken brokerage service is having temporary problems and the phone service is jammed. What fricken luck today. man I'm pisssed. Oh well it's the fricken banks so I wouldn't put it past these aholes to screw traders out of an easy and huge payday afterall the banks are sitting at the same poker table while seeing all the hands at the same time. Time for an independant brokerage service and not one that's part of a fricken bank. ArHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

    rickybobby

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  18. Anonymous11:16 AM

    Since Jaywiz isn't commenting today, I'll act the role :-)


    the activity index is currently stable
    http://www.swpc.noaa.gov/rpc/costello/pkp_15m_24h.gif

    the pressure index is dropping as hell
    http://www.ndbc.noaa.gov/show_plot.php?station=bgnn4&meas=pres&uom=E

    my power index shows weakness for the rest of Thursday, but a bounce on Friday


    Regards,
    Mr. Wannabe JW ;-)

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  19. Anonymous11:44 AM

    thanks for the input, but your links don't work.

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  20. Anonymous11:58 AM

    yes they do, you just have to cut and paste properly, make sure you get both lines into one

    :-)

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