Friday, May 15, 2009

Fred's Chart

SPX fractals

Numbers not shown

BUT
SPX 898 he writes TARGET hit
and the LOWER level is RIGHT at 867

Matches the numbers posted by FLASH
Jay

7 comments:

  1. open down 10 pts on dow and that means MOST of the 90 bar cycle had already hit at 4pm, leaving only a small residual

    SO, Now we look for the next low point today
    120bars @ 12:00 noon
    or
    126 bars at 12;30
    then 150 bars at 2;30

    If that low comes in on schedule, then it allows the mkt to recover into near the close as previously described.

    UP22, has given way to -4 and now
    flat at 9:40

    Jay

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  2. HI Kyle -welcome

    THIS IS NOT going to be a beary nice day

    Venus 45 Neptune = fantasy at 8pm tonight
    Sun 90 Jupiter = optimism tomorrow
    BOTH of those aspects overhang the bull market and seems to be keeping it afloat today

    Hourly hIghs are
    11am
    1pm
    3pm
    3;42

    in between
    bar cycles
    9:30
    12 noon
    2:30pm
    as you can see they are neatly entwined with the hourly highs

    SPX once again is way behind the dow indicating a lower mkt to come and it looks like Monday
    and even Monday might not give it up till late afternoon @ 3;14 =
    moon 180 Saturn

    Next week the best bearish aspects occur on Wed
    Merc 90 Neptune
    venus 150 Saturn
    Merc # pluto
    Merc 90 jupiter

    this is called a harmonic CLUSTER

    Todays prop reading indicates a Down
    UP
    Down
    Up
    Day
    and power index also shows higher later as previously indicated several times

    Jay

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  3. FLASh DOW to 8425 = SELL later today at that level

    should equate to spx 901

    Jay

    ReplyDelete
  4. high was due at 11am
    10:45 was exact high

    8425, not quite - but 8394 is darn close

    BAR CYCLE LOW at noon to 12;30- exact hit

    1pm recovery to 3pm

    BUT 150bars at 2:30 is in its way

    3:19 noom II pluto- might have some positive influence

    I havent sold anything and have not added yet, but GOLD at 933 is BEGGING to be sold

    Hadik's timing for gold high is RIGHT NOW

    more later
    Jay

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  5. Finally
    OIL getting hit - gas was headed to $2.50/gal, but summer decline should keep it under $2.25

    GOLD should follow

    both seem to be tracking with the spx

    Jay

    ReplyDelete
  6. The Activity index held lows at 100 indicating the mkt had no clothes

    it has now ticked down to 66 ,and that is just one tick from the lowest possible level at 33

    Now loking for the 150 bar cycle low at 2:30

    BUT IF spx 881 gets broken, then we could see a deeper low

    spx off 9 = dow off 72, and Dow has still not caught up yet-or down yet{g}.

    NOw down 56 as I write this at 1pm
    1pm may have hit a minor low, but I see lower to come

    OBV peaked at 10:45 with the mkt and has dropped considerably on the 1min 1 day chart
    MACD Ditto above

    recovering a bit after 1pm

    Later
    Jay

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  7. waterfall8:01 AM

    Hi Jay,

    Following the close on friday, where do you see the SPX for the coming week or two in regards to highs are lows?

    Thanks

    ReplyDelete