10day GOLD chart of GLD
from the HIGH of June 2nd and 3rd
count 5 waves DOWN to a low on Monday AM
THEN COUNT 3 waves A-B-C to this morning at 963
NOW entering WAVE 3 DOWN
See the OBV - slipping lower
MACD , cant really tell yet, but the blue line seems to be
in the midst of crossing under the red line
Ult osc heading lower
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stocks
Activity index has now risen from 133 level at 11am to 200 now at noon
Deos that insure a rally?
NO, but it sure has some potential - We'll see how it performs later
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Looks like a TRIPLE TOP is forming on the DOW at 8835 & SPX 950
950-650= 300 pts
a 1/3 correction = 100pts
can it happen?? yes
will it happen ?? Maybe
When will it happen ?? VERY SOON
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JUNE 10th IS HERE- finally, and the next big move potential as above
June 17th fibo cycles convergence
144 days - Nov 20
233 day - July 15, 2008
377 days - Dec 17, 2007
All are low to low
ALSO 34 weeks Oct 10th, 2008= 171 tr days
& 71 tr days March 9th, 2009
and of course the 60 year cycle from 1949
228bars @ 2;30 on 17th
258 Bar cycle on 18th = 10;30am
Astro events harmonic 3 day CLUSTER June15 to 17
more on that later
Jay
There was a small change in the McClellan Osc. on Tuesday suggesting the probability of a large price move today and/or tomorrow. Well we know what direction that's in.
ReplyDeletebilly
thanks Billy
ReplyDeleteis that you billy A ?
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Activity index dropped about an hour ago from that 200 level mentioned b4 to now at 133, and we see what has happened. now - 73 at 1;10PM. = 156 bars
a common bar cycle low
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FLASH NOW says small bullish reversal at spx 930
He is making it easier to read his projections.
Jay
Jay,
ReplyDeleteDon't know if you can answer this,
but is Eric H shorting till June 18th or just stepping aside. Thanks.
He wrote on June8th;
ReplyDelete1 to 4 wk traders can buy JUNE puts
Looks like my 3pm LOW came in at 2:10pm
NY Holocaust museum shooting right at today's lows
IF we get a good rebound by days end today I will buy new short positions
and if higher at open Thsday,
I will be adding more
ALSO , IF HIGHER at 3pm today, I WILL buy some short positions
Jay
Thank You. Thursdays are historically
ReplyDeletethe Worst days of the week, fwiw.
as of 2pm, the activity index has jumped higher from 66 to now at 133
ReplyDeleteAnd the PROPEns index prelim for tomrrow shows a rally just like today at open.
and drops off just like today
there is still a lot of doubt abut next week on the various groups I participate
they seem to be focused on June22nd as a HIGH, thus ignoring what ive been preaching for next week
SO be it. I dont mind being the lone winner
AS a matter of info,
June 22 is setup as a HIGh in the AM, but not the kind of high they expect, if you get my meaning, and a low in the afternoon.
Further highs should be seen EOM
This does NOT CHANGE anything I expect for next week
remember I am also looking for a PARABOLIC runup on the 18th to 22nd
Jay
Jay
Jay wondering where you bar count is i have 180 bars at 3:00. seems to be coming in a bit early
ReplyDeleteThanks
Wed 3:17 pm
YES another low at 3;15 makes 180 bars a PIVOT
ReplyDeletebear in mind that
bar cycle lows are NOT guarantees of an LOD
Now on the upswing
I did NOT buy puts at 3pm, but will hold out till open near 10am tomrrow
Jay
GOLD
ReplyDeleteSeasonal CYCLE high JUNE6th
2009 HIGh on June2 & 3rd
Seasonal cycle takes a sharp DIVE from June13 to 27th
2009 -starts down on 10th
and makes a low on July6th
this year an ECLIPSE
Jay
from Genesis on TF
ReplyDeleteVideo will be late this evening - quick note - $NYA (McClellan) had a VERY small change today, SMALLER THAN YESTERDAY.
That's three in a row - tomorrow should be a fucking barn-burner.
\\
I agree will be interesting what do you think Jay?