Wednesday, July 08, 2009

Chart

THE H&S is broken thus it looks like dow 7500 is dead ahead

and JULY9th is THE BEST timing for such an event

This will also allow for a recovery into JULy20th- NOT 22nd

BY the 22nd they START a declining mode again to the 28th.

Jay

29 comments:

  1. Anonymous9:41 AM

    Hey Jay. What are you doing today? Any thoughts? Much apprreciated if you would. Thanks.
    Jeff P

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  2. 7500 by July 9th in 2 days ? I'm perplexed and overjoyed OR am i reading it wrong.

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  3. Anonymous10:01 AM

    Jay how does your indicators lok like for good short entry, timing wise. still looking for 1 PM to 2 PM?

    thanks
    sam

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  4. Hi Jay, good day to you all. Is your Low of July 20/21 a lower low than your July 9th. Very important to me and others I assume. Any feedback would be greatly appreciated. Also some say 3rd week of August will be a major LOW. Whats your charts and cycles say about Aug 19/20/21 ??
    Thanks and look forward to your response.
    Take care,
    Joseph

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  5. Im back from golf at 11am

    Activity index was at 266 and is now at 200

    It might have been good to short at
    10:15am, but I will now have to wait out a little rally, but I think I could get short anytime given the potential for 7900 or lower

    Jay

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  6. Anonymous11:09 AM

    I agree. I just loaded up quite a few put opitions here.

    what is your time frame for a rally jay. still 1 Pm?

    sam

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  7. thre is a soft aspect at 2:18pm
    and then it gets ugly

    Jay

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  8. Anonymous11:26 AM

    Jay it looks like deep Y is palying out. here it from your posting
    any thoughts?
    Scenario for shallow Y

    A 930.01 886.39 -43.62
    B 886.39 906.23 19.84 45.5%

    C 906.23 862.61 -43.62 1

    Scenario for deep Y (alt)

    A 930.01 886.39 -43.62
    B 886.39 895.72 9.33 21.4%

    C 895.72 825.14 -70.58 1.618

    sam

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  9. Joseph
    WHAT I WROTE !!!!!!!
    HIGH ON JULY 20th
    LOWER LOW Late AUgust
    NOT july22
    July22 as I WROTE - please read more carefully - !! THE START of another decline !!!!
    You must be mixing me up with someone else???

    SEE Chanakya's chart - its really very good

    Sam
    I bot in on the little rally at 11:45 to dow -18, and now its OFF 37pts

    ANYONE NOTICE ~~GOLD
    yesterday I wrote
    {{{gold is ready to CRUMBLE}}}
    pinched on the Bollinger bands

    More later
    Jay

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  10. Thanks Jay, got it bro. Looking at the chart, appreciate the feedback. take care : )

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  11. 12:30 brot in some kind of short term low at 336bars which is = 329

    we were supposed to get a 1pm low @ 90bars, but there was a low at 12:30

    Now in an ABC rebound probably to my 2;18pm time slot

    Since we have a 126bar cycle at 4pm, It would suggest a LOW at close TODAY
    AND AN OPENING RALLY
    they are reporting initial claims
    at 8:30, and its possible to see a very short term bounce like this AM at 10am

    IF they are going to drop to 827 as technicals are showing, the only time for it will be tomrrow

    Friday is STILL showing a strong rally on the POWER INDEX, and im getting that feedback from other sources

    I had been anticipating further rallies next week, BUT
    the power index is slipping on Monday and Tuesday.

    15th is a BRADLEy and could offer a turn higher off a low on that date. IT IS ALSO the 250 tr day cycle LOW to low , and high to low of the PAST 3 years

    Jay

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  12. As of 1:30, the activity index moved up ONE notch from 133 to 166, but he dow is NOW only off $1.97

    Could be another opp to add more shorts,, or wait till 2;18pm in about 45 minutes

    Reminder Again
    there is a 126bar cycle LOW due at 4pm today

    SOOO ~~the game plan would be to unload positions today at 4pm,
    and re-buy them again tomrrow at 10am also to be sold at 4pm

    Jay
    and 204bars at 4pm TOmrrow

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  13. Anonymous1:37 PM

    Thanks jay. you are great.

    sam

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  14. Anonymous1:55 PM

    Jay,

    What's your expectation 11:00 tomorrow? I believe July 9 is the 11th 16D = 176D

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  15. Hi, CDN TSX hit hard, Oil has broken its key support at 61.00 which is its major support line. next stop is $59.50/60.00, If we hit the target tomorrow OIL will bounce and thus the mrkts inline with Jay/Ravi and team comments here. Note if Oil goes down Thurs/tomorrow that would have been 6 days in a row which has only happen twice this year. If it goes dn again Friday then that has never happended to my knowledge. Thus TSX currently at 9550, next stop is 9300-9450.

    One other point is the Xii Index Institutional Index. Major support is at 415-420 and were at 428 now so if this brks down further then it shows the big money is baling as well.

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  16. COY, Ive written it several times now

    126bars at 4pm today =
    An UP open tomrrow

    THEN
    NUMEROUS cycles converge at 4pm TOMRROW

    there is a cycle at 11am = 55 tr days from April 21st at 10;45

    but there is a much beter converence at 4pm
    204bars
    4 & 8 day cycles
    44x 4 = 176
    22x 8 = 176
    13 day cycle completes at 10;30 on friday, but it should truncate to 4pm
    UNLESS
    it has an effect on Friday. it will only be a minor setback after a huge UP open
    NOV 21st had the SAME THING, and ended up BIGTIME
    Jay


    hope hits answers your questions

    Jay

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  17. Hey Jay,
    Wouldn't it be great if you got
    paid to answer the same question
    over and over. BTW what is your outlook for September 13th 2013
    at 10:15. Thanks.
    Just kidding. But,your patient and
    professional attitude is appreciated
    by all. Thanks.

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  18. Anonymous2:49 PM

    Hi jay, here is another supporter. "Evil speculator blog
    "Unless buyers step in soon I think we’ll drop towards 8000 by the end of the week. We might get a bounce there or the next line of defense is 7,700. This is our separation point in that we will either get a small bounce to the upside (Green: Intermediate (2) of {3}) maybe retracing as much as 8,300 - or we breach 8,600 which would be our Orange confirmation signal (Orange: Intermediate (Z) of Primary {2})."

    sam

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  19. Sam
    With all due respect to Mr. Evil,
    there seems to be a lot of, might,
    if, or, unless, etc. in there.

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  20. Anonymous3:06 PM

    Marcus, I agree. jay talked about 7500 way early and I am pointing out that others are begining to see what Jay saw much earlier

    sam

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  21. Sam
    You are right. Evil hedges his outlook too much with his and ifs
    or unless... Many do. That's why Jay
    is to be appreciated, because he lays
    it on the line CLEARLY.
    Hope everyone appreciates that because it's rare.
    Thanks Uncle Jay.
    Just kidding again.
    Good luck all.

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  22. Its NOw 3:15pm and UNLESs they go into a dive to 7900 attoday's close, we might not get to 7600 tomrrow

    they sure are hanging tough so far

    An unusual bar cycle was 108 at 2:30
    typical hod at 1:20pm

    Activity also doing the same and has been flat at 200 this afternoon

    more later
    Jay


    Jay

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  23. COY, what are you trying to tell me??
    Jay

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  24. Anonymous3:42 PM

    it is at the top BB on 5 min. chart. It has traded inth erange. we should see down movement to atleast 869 at the close

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  25. Craig3:46 PM

    Looks like it wants to back test the neck line of the H&S. What do you think Jay,is this tomorrows up you saw in the morning.

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  26. SPX is WAY Below the DOW indicating WEAKNESS

    However, a LOW did hit at 2;30pm and I think I counted 5 waves giving us NOW an ABC against the trend

    THEY are FORCING me to HOLD positions, and will look to see which bar cycles are going to be important

    as i wrote
    108bars is NOt where I normally look for a low

    so need to disect whats next
    but still expect tomrrow to sell off

    today's activity index not helping our cause

    Read for today was somewhat at mixed

    low tie at 3;53 pm could be a high
    Dow is NOW positive - damn

    10:37 tomrrow has a lunar 45 Uranus = negative effect

    and the reading for tomrrow is much more negative
    irritations & aggravations
    tensions
    be flexible
    make adjustments

    If spx 862 is broken, they will target 827, but it doesnt seem like it should happen

    however, the Initial claims # could NOW coincide with the
    negative outlook forcing a down open, rather than the UP open which I had pegged PENDING A LOWER CLOSE TODAY.

    IN OTHER WORDS
    THE UP OPEN IS hapening on today's CLOSE

    108bars throws off the next bar cycle low

    LOOKS LIKE AN ABC off the 2:30 LOW might be finished?? at 3;53 pm

    dropping off in last 10 minutes
    IM HOLDING and adding more right now

    Jay

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  27. Yes Craig
    it certainly looks that way
    Jay

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  28. Anonymous4:36 PM

    Jay, Im not trying to say anything. I'm in total agreement with the turndown tomorrow.

    I'm wondering if the the HOD will be around 11:00AM, since the 4D and 16D cycles usually manifest there.

    Tomorrow we comeplete the big cycle 176D. 11 x 16 = 176D
    Let me know if I'm wrong on this.

    Coy

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  29. YUes Coy
    11am
    1pm
    3pm
    are usually HIGHS and/or turns during ANYDAY of the week

    Jly 9th is 55 tr days from April 21st intraday low was at 10;45

    there is a neg lunar event at 10:37 and another at noon, so yes 11am could be a rebound high off the OPENing LOW

    TO close down over 400 points, the
    open has to be down at least 200, and the rest of the day has to keep the pressure ON ALL DAY

    Jay

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