Wednesday, June 10, 2009

Chart of Interest

Freds latest chart shows the TRIPLE **TOP **IMO, and support at spx 925, then 920,
both just a spx beat away

previous Gap at 919.40

Im sure they will fight to keep above 925/920, but once that goes, its 875 next

Jay



12 comments:

  1. Anonymous3:56 PM

    Another great day Jay. Thanks. Keep up the great work.

    Kathy

    ReplyDelete
  2. OK, kathy
    glad to hear it
    It was good for me too
    hmmm
    unintended inference [g]

    Close was great, and the indexes shows an up open.

    typical bear mkt
    love em in the AM
    pros' selling to
    Non professionals buying at highs
    ______________
    Pro's
    sell m in the afternoon
    Banking profits at higher prices

    Tomorrow's cycles
    204b@ 10:30
    228b @ 12;30
    258b@ 3pm
    50%/13 day cycle @ 2pm with an hour variance & pivot UP after ward.

    SO, we should be able to do the same as today
    buy short at open to 9:45
    close out positions at 2 to 3pm

    Is that too much to ask for?

    See yuh tomrrow
    Jay

    ReplyDelete
  3. Anonymous4:25 PM

    Jay,

    Thanks! Looking forward to tomorrow and hoping for same...Higher open AM and selling in PM.

    Keep up the good work.

    pete

    ReplyDelete
  4. Anonymous4:37 PM

    Thanks jay

    sam

    ReplyDelete
  5. Anonymous4:38 PM

    Jay what does the 204b, 228b etc mean? or for us newbe, we need not worry about it?

    sam

    ReplyDelete
  6. Anonymous4:49 PM

    Jay, are these EST timing u are using

    ReplyDelete
  7. WOW,
    I cant believe some of those ELLIOTT guys are counting last 10 days as a TRIANGLE with an UPSIDE E wave resolution to as high as 970

    some Others and Myself see it as a TRIPLE TOP

    I suppose If I had NO KNOWLEDGE of natural energy, I would be under the influence of those guys who ONLY KNOW how to look backward at the wave count.

    Thats the BUGGABOO of elliott wave counting - What the HECK do they think creates the wave??

    **It doesnt happen in a VACUUM**

    Jay

    ReplyDelete
  8. Anonymous7:31 PM

    Thanks jay. this is very intelligent question and comment. who creates the wave?

    EW see only the effect but your path seem to lok at a cause above.

    of course, there is no end to this cuase-effect cycle.

    sam

    ReplyDelete
  9. Anonymous8:58 PM

    Jay

    I am fast becoming more than merely intrigued. After a few months of watching, I am most impressed with your talent, and your willingness to share. You are a mensch!

    Jeff

    ReplyDelete
  10. Wow!

    Yes this is intriguing

    Jay, can you suggest any good reading to come up to speed with what you are discussing here re cycles, energies etc, or is this your own genius @ work?

    On another point -
    I subscribe to Elliot Wave Int and I cant understand how we could be in a wave 3 of 3 rally in USD whilst the indexes are going to be rallying as well, doesnt make sense given the correlations which have been so tight, makes more sense what you are saying re triple top.

    Thanks

    Annette

    ReplyDelete
  11. Hi Jeff,
    are you eyeballs?
    _____________________________
    Newbe Sam
    bar cycles are LOW points during the day
    258bar = one cycle
    78bars per day
    most common lows are at 90-180-258
    but sometimes show up elsewhere due to outside influences
    For more details YOU need to SCROLL down thru my teachings
    and past postings.
    ________________________

    Annette
    A dollar rally NEXT week should wreck havoc on stocks and metals
    and I hope OIL

    _________________________

    I hope all of you have registered as a follower
    Its great for my ego to see more people at this site.

    Jay

    ReplyDelete
  12. Oil will be decimated, seeing what happened in mid April when the market looked as though it was going to have a reasonable correction - only to end up a one day wonder.
    I think from memory it dropped some 20% in a very short time frame.
    I am currently sitting on 2 cfd positions waiting for the action to start(short pound & aussie - by the way im also an aussie!)
    but its like being on a bucking bronco - do you think they have topped?

    ReplyDelete