Sam, Heres his graph of Elliott wave
LIKE many ELLIOTTERS and Ive mentioned this to Ibo many times
THEY ARE TOO SHORT SIGHTED and END waves tooo soon
IMO,
the "B" wave low as shown does not have to be the END on June5/8
as we are STILL expecting a LOWER low on June17th
Thus we have
an "a" wave low on June5th to 8th
a "b' wave HIGh on June10th to 11th
and a SEVERE "c' wave LOW on June17th
THIS WHOLE 3 legged wave would NOW be labelled as a "B"
Then the HUGE "C" rally to End of month as previously projected
NO CHANGES
June 4th performing as indicated so far
open low @ 60 bars was influenced by moon 150 sun at 10;30, a LOW today -35 dow
ITS now 11am & we got the recovery high at the 11am hourly TURN
Activity index has dropped from 233 early today to 100 and has been flat at that
level for about an hour.
VHF , is only mildly active @5 which is only mildly bearish.
Jaywiz index =14 = very bearish, but could take another day as we expect for the 5th
PC are ratios somewhat neutral
A high today at either 11am or 1pm should lead to a sell off as projected into the 5th at 3;11pm
more later
Jay
Thanks jay. I got in small position puts at 936. will buy more at 1 Pm. thanks for your help.
ReplyDeletesam
Very clear and to the point!
ReplyDeleteLove it!
Thank you Jay!
Pete
So far I have a LIMITED view of next week
ReplyDeleteMonday jn8
starts with down bias
ends up
Tuesday jn9
starts with up bias
ends lower
Wed - jn 10
up, dn Up close
Thurs june 11th @ open could be best bet for short position to take advantage of the "c' wave down to June17th
Only caveat to that is the 8day cycle
June12th {{a midnite high tide day}} is ALSO the NEXt 8 day series indicating a HIGh similar to June2nd, making June15th the actual DOWNturn which what we ALREADY EXPECT.
Its now noon and as expected the mkt is weakening
Jay
Jay
Perfect timing Jay. it looks like we may see high at around 1 Pm and then fail hopefully below 930 that will be good setup for 5 th drop.
ReplyDeletesam
sam,
ReplyDeletei hope your right but it looks like it wants to retest the monday highs?...hopefully not but lets see.
How about a high at 2:00pm? If we don't fail and rally into the close on heavier volume would that change your view?
ReplyDeleteWe may see 942-944 that is where resistence is. Jay said in today's post that down move should happen aroung 3;11 PM. I am sure he meant 3:11 Pm. It seems to be a typo. at first I thought he meant 3 Pm and 11 am tomorrow.
ReplyDeletehold tight. do not panic.
sam
I also see neg. divg. should be a down day.
ReplyDeletesam
with this crazy market anythings possible! so i guess yes...but like Jay says WAITING is the key
ReplyDeleteYes, 2pm could be a high
ReplyDeleteNow Up 65 at 1;45pm @ 8740
the closig high
8787, Intraday high- doubtful
____________________________
Spx 942 , get to 949
I sincerely doubt it
________________________
This is WHY Its possible the
morning of the 10th could be the LOW of this wave
____________________
In addition to Friday Sun 90 Saturn
there is also on the 10th
a cluster of hard energy up to 11;34am
along with a 38.2%/13 day cycle at 10:12am, which from experience we have seen extended many times.
From experience, it usually takes 13 days to get from a CLOSING high to a CLOSING low
June1st to june17th is 12 trade days
Jay
Jay the one above is different sam.
ReplyDeletekeep going. thanks.
sam
Maybe the high's at 3:00 actually. If not 3:00, then let's try 4:00 or tomorrow, Monday?...lol Eventually the call will be right
ReplyDeletePLEASE POINT OUT Where I called a TOP ????????
ReplyDeleteJay
I posted the 4th has the power index READING
ReplyDelete450 - 400- 450
this means the Day opens higher
makes a dip and closes higher
Jay
I agree
ReplyDeletesam
good work Jay,
ReplyDeleteappreciated
keep going.
pete
Jay,
ReplyDeleteAny 3pm updates
Thanks
Reza
"A high today at either 11am or 1pm should lead to a sell off as projected into the 5th at 3;11pm" So maybe the selloff is postponed...again? You might be a day early and selloff occurs Monday after one more spike up tommorrow.
ReplyDeleteFlash Fushion and trade the cycles are looking at SPX943- holding under for the last 90 minutes
ReplyDeleteJust made a run at 2:45= HOD
E Zone reported as June3rd to5th and we are dead center today
Bradley reported by some as June3rd and it was a TURN
DOW weakening in final minutes
OBV weakening also
conflicting data
full moon on 7th can accentuate or
soften declines
propens index is indicating an upday tomrrow which goes against
the power index and energy readings
but there are several readings of which some are lower.
I love it when they report OIL to $100- it has been the END of each run.
when it was $70 in 2006 and when it was $140 in 2007, they were screaming $200
Im having a problem reading my Calendar
ReplyDeleteIS TODAY the 5th??
Jay
I Believe Sam is right! I have lost thousands also. I'm still short since the beginning of May when I got caught badly from that 1week mistake Jay had made. This time though it has cost me thousands of dollars.
ReplyDeleteJay, there must be something wrong with your system, please look into it. I am leaving this site, bye and good luck to all.
Another day, another wrong forecast.
ReplyDeleteI guess what do you expect for nothing?
Is it asking too much to be right at least 80% of the times?
If you're not why not just buy & hold?
Steve70
Yeah, calendar's are hard to read...so maybe you need to work on that since your calls rely heavily on being able to read a calendar lol. Still looking for that 300 point selloff?
ReplyDeleteKeep it up jay. people are getting nervous. cannot blame them. but market is tough and always causes maximum pain.
ReplyDeletelet us see how 5 th pays out. Jay will be vindicated.
sam
Jay i think in place of chitchat why dont you just post your analysis and indices numbers for the day and next days and the rest one should tally with technicals. If technials are with your forecast one should go and follow if not follow the market trend.
ReplyDeleteI dont agree with Pauline and sam etc to blame Jay. He is not forcing anyone but giving his analysis based on astro analysis.
Steve70:
ReplyDeleteWhere's your forecast coward? You got the balls to divinate for da sheeple? C'mon....we're waiting.
marco
Hello, Jay-followers,
ReplyDeleteI have followed Jay for some time, maybe longer than most of the followers here. Jay is one of the most respectful traders I have seen and his techniques are amazing. But any techniques you use, indicators/cycles/elliott waves, astro......anything you want to mention are just some techniques that help you to understand the markets better. I did not register as a follower because I don't believe anybody in this world can draw a map and let the market follow the routes. A lot of Atilla followers said he was God, he came from the future, etc just saw their accounts balance waterfall while the markets upmove more than 45% from the bottom. You must know what you are doing and take care of your own accounts.
Jay's calls missed quite a lot (compared with his forecasts several months ago). I surely don't know why. But I hope he is not affected by the followers. I believe Atilla is also a great trader, but he missed the upmove and still holding his losing positions.
I hope Jay can improve this site. For example, list his forecasts in a table and edit/correct the forecast as needed. I also hope this site can attract more experienced traders, not just spoon-feed traders. I apologize if I insult anybody.
Happy trading,
Bryan
Tough crowd today.
ReplyDeleteJay, thanks for your insight. I use it as a general guide. People still need to do their analysis
ReplyDeletesuman said it right.
ReplyDeletesam
I don't really blame Jay. Its actually government sponsored rally, the way its sounding like. GM bankrupt, that is the diappearance of the biggest corp in history, market rallied 200+, where as market should have dumped 300 points. But whatever, it would be preferred if we play both long and short based on Jay's readings. Also if you can post off head a few stocks so we can go long or short, etc. then it will be more fair for us. As of now we are only counting shorts not longs. If longs are worth the risk if Jay thinks, then we should play long too.
ReplyDeleteI see a gap down in the am based on this website lunar cycle chart, but could be wrong. As this only indicates a turning point. But after open GS and PPT takes over, I guess.
ReplyDeleteAlso on April 10/11 market and May 12 the market gapped down.
http://carolan.org/wp-content/uploads/2009/05/solunarmay12.gif
I consider Jay's forecasting to be fairly accurate. And as yet not wrong. Take a look at todays action and the Elliot wave chart. The gap is not yet filled. I would think the gap gets filled after hours and a run up to 950 would take out a lot of stops. I went short around 1 pm I sell naked calls on the BGU gives me some breathing room if i am wrong. Tomorrow looks negative to me, but Mr. Market doesn't like to go down till he gets everyone he can on the wrong side. Good luck to all
ReplyDeleteshort side may be coming soon
ReplyDeletehttp://www.bloomberg.com/apps/news?pid=20601087&sid=a2Wl7tAD6rEA
If it makes you feel any better Jay, I've been bearish for 3 months.
ReplyDeleteI not only missed a 280 point ES rally
but I shorted it ALL the way up.
Good Luck.
MCLAREN
ReplyDeletehttp://www.mclarenreport.net.au/articles/articles/211/1/June-05-2009-SquawkBox-Europe/Page1.html
Bears will get shafted one maybe 2 more days.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeletesteve70
ReplyDeleteif you can not take responsibility for your trading, stop it now. don not blame anyone else.
mmis
This comment has been removed by a blog administrator.
ReplyDeleteMarco & MMIS -
ReplyDeleteThere is a difference to me between a person that gives stock market opinions vs someone that sets us a website to show his stock market forecasting ability.
When you produce forecasts, you at least have a moral responsibility to produce accurate forecasts, whether you are receiving compensation or not.
It is a fact, people do depend on your forecasts for their investing.
For those of us who are followers, we do not hold ourselves to be stock market gurus and do not provide forecasts.
What my forecasts are is not relevant, but if you want one, here it is. stocks are now trading above the 200 day MA, and the 20 day/ 50 day/ 200 day MA's are about to cross for the SPY.
Guess, what this says. The bull side will win strongly in the upcoming months.
'Nuf Said,
Steve
I hope Jay comes back. He puts alot of effort into this blog and he has been a student of the market for at least 20 years, I followed him on Prodigy in the early days. He goes hot and cold like most market gurus. Everyone has to manage and is responsible their own money and investments.
ReplyDeleteHey Steve, I am the Holy Grail of
ReplyDeleteGurus. It's not my fault that the markets are being manipulated higher.
Xtrends NEVER fail. They and I WILL
be vindicated when the market PLUNGES
to sub 600.
Hey Steve,
ReplyDeleteLook at the market right now. 9:55
I speak and they fall. Talk to me now
Stevey. I AM the holy grail. See you at ES 600 and faz $150.
steve70
ReplyDeleteatilla is kind enough to share his view with people like you or me. if you base your own trading decisions on his advice, you should not trade. sometimes he is wrong like you or me, his right, do not blame him. blame yourself for losses. or find some decent job like a clerk or shop assistant. no resposibility at all.
this market is so havely manipulated, that every single rule we know, is breached. we could go up for weeks until most of us is convinced, its a new bull... bs...
mmis
This comment has been removed by a blog administrator.
ReplyDeleteHello, Atilla,
ReplyDeleteYou can use Atilla as your screen name. But don't use Xtrends. You have nothing to do with Xtrend. Don't fool others that you are Atilla Demiray.
Steve, My forecast is for sub 600
ReplyDeleteby end of year. We WILL get there.
My followers will make huge profits.
I'm just a little early. Look the markets are FALLING as I type. What more can you ask for Steve?? Down We
go. It has begun.
Someone is using my name on a number of posts - under the heading of anonymous.
ReplyDeleteI only wrote 1 post - it has Steve70 at the top.
Why people write under another's name I have no clue.
It shows an absolute lack of integrity.
Please use your own name if you care tp publish your thoughts.
Steve70,
ReplyDeleteI can delete any comment that is not yours, and I see only one with your heading
Let me know if you want me to do that
Jay
This comment has been removed by a blog administrator.
ReplyDelete