Monday, June 29, 2009

20 SPX -day chart

FROM June11th at 956
STILL looks like 5 waves DOWN to 888 = 23.6% for an "A" wave

Looks LIKE 3 waves up from 888
NOW is "B" wave rally to 927 so far
888- 956= 68 pts
68 x 62% % = 42 + 888 = 930 ********right there now
68x 78.6% = 53 = spx 941 - this would be a MAXIMUM

Activity index has come off its highs and now at 233, down from 300

WAVE EQUALITY
That makes the "C" wave low possible at 859
or a multiple of 68 x fibo 1.618 = 110
930 - 110 = 820spx

859 seems more likely on July9th
Jay
at

12 comments:

  1. Anonymous1:49 PM

    Thanks jay. what is your LOD timingwise? at the close or 3 PM etc/

    sam

    ReplyDelete
  2. Jay Strauss2:14 PM

    might roll over into tomorrow

    propens for tomrrow not complete yet
    yet, but early shows possible low at open

    Cant bet on it yet,
    Jay

    2pm tomrrow is 50% of 13 day cycle low

    ReplyDelete
  3. Jay Strauss2:15 PM

    propens index now shows TOMRROW as a lower low than today after the open
    could be 10am to 11 am

    Jay

    ReplyDelete
  4. Anonymous2:22 PM

    Thanks Jay.

    sam

    ReplyDelete
  5. Anonymous3:02 PM

    The SPX IS GETTING READY TO EXPLODE DOWN.

    noble

    ReplyDelete
  6. Jay Strauss3:10 PM

    You can play is anyway as long as its a profitable transaction

    LOWER LOWS as describe WILL be available on July6 to 9th at spx 860 to as low as 820

    BUt anytime along what way, you can take a profit and get back in at lower costs, then I do would it

    Wednesday's PLUNGE will leave NO doubt as to the next move

    So, Im going to sit on my position
    for now as its NOT profitable
    at these levels

    Jay

    ReplyDelete
  7. Unknown3:17 PM

    With all due respect Noble, could you
    please explain why?? Thanks.

    ReplyDelete
  8. Anonymous3:17 PM

    Typical price action to stymie daytraders. Again all the action will take place before the OPEN. Better get used to holding overnight to make the maximum profits.

    noble

    ReplyDelete
  9. Jay Strauss3:21 PM

    Sam,
    A quick plunge could come at close, and I cant tell if open will be lower or not

    activity now at 200
    not a resounding sell at all

    NOT yet anyway

    Jay

    ReplyDelete
  10. Anonymous3:35 PM

    Marcus7:

    Jay just explained with latest post. Other reasons why but they are my little secrets.

    Goodluck

    noble

    ReplyDelete
  11. Unknown3:45 PM

    Noble,
    Thanks.

    ReplyDelete
  12. Jay Strauss8:26 AM

    Noble
    Its OK to have secrets

    thanks for your constructive comments

    no need to give away the ship, as long as it floats

    Jay

    ReplyDelete