Tuesday, June 16, 2009

Chart of Interest


Another great chart from Ibo

Heres some MATH to think about

956 to 666 = 300 pts

300 X 38.2% = 115pts
SPX 956 - 115 = SPX 842

912 - 842 = 70 pts
70 X 8 = DOW 560

8505 - 560 = 7945
Just as EH projected LAST WEEK

And I dont mean this for NEXT week or NEXT MONTH
ITS RIGHT NOW - on or b4 the 18th

Jay



40 comments:

  1. Anonymous7:54 PM

    WOW !!!!!!!!!!! bEFORE 18TH? I pray you are right Jay. that means we need not worry about the 10:30 bounce. what is the exit strategy and timing. Your guidance is very critical now. thanks gain.

    i WAS WORRYING ABOUT THE 10:30 am PROPEN INDEX YOU MENTIONED EARLIER.

    sam

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  2. Anonymous10:16 PM

    One thing I am 100% sure of for tomorrow---the LOD will not occurr before 12:00 pm est.

    billy

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  3. Anonymous10:37 PM

    The 38.2% fib retracement comes at much higher levels, certainly not now!!

    ReplyDelete
  4. Pound seems to be in a triangle pattern. Interestingly last time it got in a similar size pattern ended to the downside on 20th oct 2008.
    My limited understanding of Elliot Wave analysis tells me this should break to the upside as the trend was up b4 it commenced (can anyone confirm this?) But of course this doesnt make sense if markets are about to tank
    It should be headed to about 1.6304, and hopefully straight through, the move down does look impulsive. Now if this is the case Jay you must be right on we are in for a MAJOR tanking.

    ReplyDelete
  5. Anonymous7:42 AM

    I hope jay is right. if 17th is the Short Term LOW then it could be an opportunity to go LONG until EOM and make some $...me thinking theres ONE more UP leg to this.

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  6. Anonymous9:14 AM

    Jay, timing wise, how is the index at 10:30? are we talking about bullish reversal or just a bounce after which your signal gets weaker. When do you expext the LOD today?

    thanks for the great work and your help

    sam

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  7. Jay
    GM.
    any am updates for the day

    Thanks

    ReplyDelete
  8. Anonymous10:05 AM

    I'ts only 10:10 but the market is NOT tanking (yet). As most prognosticators (including Jaywiz) are calling for a tanking today and tomorrow, I would'nt be shocked to see a net rally over the next 48 hours and then the tanking

    As for the British pound, with the UK economy in the toilet, that currency should be 30% lower

    ReplyDelete
  9. My comment got lost??

    10;30 is 258 bars and just like last week, we hit a low on friday at 2;30 @ 329bars

    If 10:30 provides a DOWNTURN, then we should look for 10Am @329bars tomrrow for the OPEN INTRADAY LOW of this wave;

    THERE IS NO astro to keep it DOWN tomrrow, so we should get the CLOSING LOW today, whatever that may be.

    Jay

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  10. Anonymous10:08 AM

    Thanks jay but you do not mean the 10:30 low as the LOD do you?

    sam

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  11. Sam, I had posted a low possible
    between 10;30 and Noon

    BUT if 10;30 TURNS it lower, it confirms the indexes which are NOW showing a low End of day

    And intraday low at open tomrrow

    Billy is right.

    Jay

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  12. Anonymous10:17 AM

    Thanks Jay. that is clear to me now.

    sam

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  13. ok I'm confused ....the low this morning will be the low for today and tommorrow?

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  14. faz is just rocketing...5.24 now

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  15. Sorry rrman
    LOD at close today
    LOw of wave at 10am tomrrow

    As of tomrrow at 10am
    GET READY TO ROCK AND ROLL
    UP UP UP
    INITIAL High Monday at 11am

    hope this helps

    GAME PLAN

    I will be selling 50% of my shorts at close today
    AND
    the other 50% tomrrow at 10am

    I will be buying 50% LONG at 10am tomorrow
    Jay

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  16. cool Jay thx much :-)

    ReplyDelete
  17. cool Jay thx much :-)

    ReplyDelete
  18. Spx is down2x what the dow shows and the dow should catch up later today or open tomrrow.

    spx is off 8.00 an dow off 40
    & nyse off 75
    confirms downTrend today

    OK
    10:30 did provide the TURN of the
    day so far, and does setup the intraday LOW for tomrrow at 10am;

    10;30 @ 258b + 70bars = 329 @ 10am

    Jay

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  19. Anonymous11:08 AM

    Thanks jay

    sam

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  20. how long do you see the up wave going Jay Just trying to figure how to play my IRA with the 3 day settlement rule....thx

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  21. how long do you see the up wave going Jay Just trying to figure how to play my IRA with the 3 day settlement rule....thx

    ReplyDelete
  22. Anonymous11:14 AM

    Thanks Jay and thankyou too Billy. Great calls and work. Please keep it up. What an awesome week so far. I can't wait for tomorrow.

    Kathy

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  23. rrman
    High at end of the month
    June

    July is another deal

    Low on 6th Eclipse
    high on 22nd eclipse
    Jay

    ReplyDelete
  24. Anonymous12:22 PM

    Kathy
    i wish to follow you can you pl contact me or how can i reach you.
    You follow Jay's analysis quite sharply.
    pk

    ReplyDelete
  25. I still expect a sell off end of day
    BUt there was a low at 10:55 on the SUN 90 Uranus & the 13day segment at 11;55 was a minor dip

    The MAIN fibo cycle is tomrrow, so we still should sell of into the close
    Spx still under the dow by half
    & nyse down 10.

    activity index did rise to 133, now at 100 for the last hour and its now 12;30pm

    Jay

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  26. Anonymous2:11 PM

    Superb work Jay!

    Keep it up!

    pete

    ReplyDelete
  27. Charts Edge BP shows late day sell off - agrees with propensity

    30b @ 1pm came in on time
    next is 60bars @ 3;30

    game plan would still be to exit at 3;30 either 50% or 100% depending on
    where they close today.

    THEn buy long as propens index does start on the up after open tomorrow- but more on that in the AM.

    Activity index is NOW back down to 66 at 2:30pm

    Jay

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  28. Looks like MY MATH MODEL IS DEAD for now

    We will be lucky to get to 8400
    at this rate

    Jay

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  29. from the SPX 956 high
    it looks like
    a-b-c to 921
    X to 927
    a-b-c- to 904 this AM
    now in X to 918 so far
    wating for a-b-c - maybe

    OR we have started wave 1
    and got to 918 in 5 waves from this AM low,
    now looking for wave 2


    spx and Dow have closed ranks

    Jay

    ReplyDelete
  30. Jay
    Your calculation is good, and is well shown in European markets, they were down at least -1.5%. But over due to manipulations it takes a while

    ReplyDelete
  31. Jay:

    I see five waves completing from Thursday 956 high to today's 904 low.
    Since 10:46 AM to 2:40 today, we did an a, now doing a b which may create double bottom by 10AM tomorrow if your cycles bottom there and then a sharp c, which may take us to 924 -936 area. I do not see much more up than that until we do another five down to may be 875 area.

    Ravi

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  32. OK Ravi
    that was my second choice

    double bottom at 904 to 900
    depending on how low at close today

    Spx 936 rally is NOTHING

    If this wave only a B wave against the UPTREND, we could make it to 1000 by months end??
    just guessing at that number??
    Jay

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  33. Anonymous3:17 PM

    Jay you have done a fine job here. you coaught the trend much early than anyone. the day is not over yet. I HS pattern here. we may get big down in the last few minutes.

    anyway thanks for your help. keep it up

    sam

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  34. Ravi
    the UP wave from this morning could be wave X against the DOWN trend and we could see the lows on friday on the midnite LOW tide.

    the POWER INDEX continues to slide lower into Friday

    Other forces such as natural energy
    are not in sync with that outcome

    propens index has not caught up yet for tomrrows outlook

    Activity index is STILL at 66 = lower close

    Jay

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  35. Anonymous3:35 PM

    Jay your lower close call is correct. we just broke the neckline at 911 we should at least see 904 hopefully today.

    sam

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  36. Anonymous3:37 PM

    Jay - did you see Ian's CB post?

    http://timeandcycles.blogspot.com/

    ReplyDelete
  37. Anonymous3:37 PM

    are you clsoing your shorts today or wait for AM

    sam

    ReplyDelete
  38. You could have written Ian
    6/18-19 low
    and 25/26 low
    However, Im selling some puts to get some working cash


    Jay

    ReplyDelete
  39. Anonymous3:53 PM

    I am holding onto july puts but sold june ones. too risky

    sam

    ReplyDelete
  40. Anonymous3:56 PM

    About IAN:

    If I recall Ian was singing up up away and blue skys ahead and all kinds of euphoric positive mumbo jumbo BEFORE the markets tanked bigtime for 17 months. Be careful following his MC. Like he said, when it's on , it's on but when it's not, holy smoke , watch out. More than enough good people had March 6 - like Jay - in the gun-sights so you don't need his MC. Ian leaves a bitter taste in my mouth because he acts liek he's always right but wrong many times and he's so vague with lows and highs.

    just my 2 cents worth.

    Mark

    ReplyDelete