In the comments, you will see my comment. I think his green (w) should be at June 25 hi of 921.42 and his green (x) should be at June 30 low 912.86. That will lead to July 2 green (y) at 932-935 area tomorrow, (up to 940 ok by H&S symmetry). That is the place to short the hell of it.
Ideal for Jay's scenario would be that we end at (ii) of 1. that may be day end (WHEN does mkt close??)
We will probably do a few little up then lower down to end (iii), before starting (iii), that will be a better place to find target for (ii).
iii of (iii) likely started at 927.04 yesterday and bottomed at 901.85. Fibos for that are 911.47, 914.45 and 917.42. I would not expect the 50% and up because of 912,86 resistance. It may not make past 908 if iv of (ii) of 1 is shallow.
If (iii) bottoms ab it below 900, then the fibos for (ii) would be little lower.
After (ii) is done we will need to see c=a or so for target.
If what we have done at lower low is all 1, whicc can not be ruled then 38.2% for 2 itself will be exactly same place as 6/30 bottom 912.86.
So, I will short as approach that today. That will fit rather well for a 3 on Monday that can be as big as 30*1.618 or say 48 points. 913-48= 865 can not be ruled out.
Well done Jay, to make a call of 30 points lower yesterday on the SPX while most blogs were calling for higher highs was brilliant. Your 902 was a direct hit. I'm impressed. Jo Jo must be kicking his heals with joy today.
Jay: Good call on today but are you still confident about Monday being a washout? With 20+ S&P points lost today one would think Monday may show a 'dead cat bounce'. Thx JJ
Astro for the close is negative and has been the driving force today
And Monday's astro is MUCH MORE SEVERE
I would add shorts any time today and most likely 3pm to 3:30, fi they haven started dropping under 900
Reference the 20day SPX CHART that I posted with the 2 crossed lines The lower line CROSSES 890 TODAY, and the next level as per Ravi at 865 or even lower
FROM the HIGh at 9:45 on the 30th- THE NEXT 26 hrs cycle hits on Tuesday at 10:00 am, but there is also a 258bar cycle at NOON accompanied with a 78.6% 13 day cycle low at 11:55
Flash has been posting DOWN days from July1st, and he still wants to see the 8th as a high?? Not sure if he's augmented that yet.but it doesnt matter right now
THAT EZONE date was pretty good for July1st. I'll keep track of it. _____________________ Murrey math JULY 2nd- was it the 1st?? July 9th is his next hit it looks like a 39 hour spread _______________________
COY JULY9th is the DATE TO WATCH MULTIPLE cycle convergences
WE BOTH AGREE on the rally but not when it starts
The 15th is ONLY a ONE day setback in the RALLY from JLY 10th to the 22nd
here's my reaasoning. You see it's the long weekend....a patriotic holiday. No way will the PPT-powers that be, allow the markets fall till close. They don't want people standing around the barbeques yapping all negative chatter. This would be bad for business. So THEY're going to step in here any moment and jack the stock market up just for an extra ray of hope on this our patriotic independance day.
Humble, Another alternative is 'they' let them drop into the close so everyone can get negative and sell Monday morning. And then 'they' can buy them back cheaper at 890 or so.
oh c'mon sam. Do you alweays agree with jay? he's good but you gotta disagree with him sometime even if it's just for shitts and giggles. c'mon sam. Maybe if we chant and meditate we can make it go up 10 points. lol.
Jay and Ravi,
ReplyDeleteOne way to look at the chart as head and shoulder. The other way we can see it as cup and handle also. I prefer the H&S. Hope it plays out tomorrow.
Reza:
ReplyDeleteThat differs in terms of time frame.
Jay
Look at Dan's chart at
http://3.bp.blogspot.com/_TwUS3GyHKsQ/SkvSIPedG7I/AAAAAAAABA8/f9ilT_HxpFo/s1600-h/spx5.png
In the comments, you will see my comment. I think his green (w) should be at June 25 hi of 921.42 and his green (x) should be at June 30 low 912.86. That will lead to July 2 green (y) at 932-935 area tomorrow, (up to 940 ok by H&S symmetry). That is the place to short the hell of it.
Ravi
if we break 913 today early then Dan's count becomes valid. Meaning 931.change was it
ReplyDeleteRavi
Jay:
ReplyDeleteWhen do you expect LOd and more importantly HOD?
Are we trading only to 2 pm today?
Ravi
Jay and Ravi,
ReplyDeleteRavi, u were right about 931. Futures dropping, should we cover today or let it ride until monday
Buy the hole, but don't get complacent about selling later on in the day.
ReplyDeleteBilly
SINCE I expect a VERY bad day Monday, I will ride it or add more today
ReplyDeleteindexes are saying as I had previously projected for YESTERDAY
DOWN- UP Down
Jay
at what level would you add shorts? 912?
ReplyDeletethanks ravi and jay for your work
sam
Tide wise:
ReplyDeleteJuly 16 - July 22
A great run up the upside this Summer.
A lousy market till then.
Sam
ReplyDeleteWe did a iii of (iii) of 1.
Ideal for Jay's scenario would be that we end at (ii) of 1. that may be day end (WHEN does mkt close??)
We will probably do a few little up then lower down to end (iii), before starting (iii), that will be a better place to find target for (ii).
iii of (iii) likely started at 927.04 yesterday and bottomed at 901.85. Fibos for that are 911.47, 914.45 and 917.42. I would not expect the 50% and up because of 912,86 resistance. It may not make past 908 if iv of (ii) of 1 is shallow.
If (iii) bottoms ab it below 900, then the fibos for (ii) would be little lower.
After (ii) is done we will need to see c=a or so for target.
Ravi
if (iii) bottoms at 998, fib 38.2 % would be just under 911.
ReplyDeleteJay, do you see recovery hi at end of the day??? If so that will be the point to load the truck if that aso happens be around 911.
Ravi
If what we have done at lower low is all 1, whicc can not be ruled then 38.2% for 2 itself will be exactly same place as 6/30 bottom 912.86.
ReplyDeleteSo, I will short as approach that today. That will fit rather well for a 3 on Monday that can be as big as 30*1.618 or say 48 points. 913-48= 865 can not be ruled out.
Ravi
Jay:
ReplyDeletewhat does your work say about timing of recovery hi today. We are open to 4.
Do we close at recovery hi?
Ravi
Well done Jay, to make a call of 30 points lower yesterday on the SPX while most blogs were calling for higher highs was brilliant. Your 902 was a direct hit. I'm impressed.
ReplyDeleteJo Jo must be kicking his heals with joy today.
Jay:
ReplyDeleteGood call on today but are you still confident about Monday being a washout? With 20+ S&P points lost today one would think Monday may show a 'dead cat bounce'.
Thx JJ
I am waiting for 898 to scalp small long or 912 to add shorts. It does not look like either now.
ReplyDeletesam
Ravi, At what level are you adding more shorts?? Are you holding over the weekend? Thanks Eric
ReplyDeleteRavi and all
ReplyDeleteToday trades all day
Astro for the close is negative and has been the driving force today
And Monday's astro is MUCH MORE SEVERE
I would add shorts any time today and most likely 3pm to 3:30, fi they haven started dropping under 900
Reference
the 20day SPX CHART that I posted with the 2 crossed lines
The lower line CROSSES 890 TODAY, and the next level as per Ravi at 865 or even lower
FROM the HIGh at 9:45 on the 30th- THE NEXT 26 hrs cycle hits on Tuesday at 10:00 am, but there is also a 258bar cycle at NOON
accompanied with a 78.6% 13 day cycle low at 11:55
Flash has been posting DOWN days from July1st, and he still wants to see the 8th as a high??
Not sure if he's augmented that yet.but it doesnt matter right now
THAT EZONE date was pretty good for July1st. I'll keep track of it.
_____________________
Murrey math
JULY 2nd- was it the 1st??
July 9th is his next hit
it looks like a 39 hour spread
_______________________
COY
JULY9th is the DATE TO WATCH
MULTIPLE cycle convergences
WE BOTH AGREE on the rally but not when it starts
The 15th is ONLY a ONE day setback in the RALLY from JLY 10th to the 22nd
13th as mentioned b4= a HIGH ENERGY date.
more later
Jay
This comment has been removed by the author.
ReplyDeleteWe gonna get a rally here pretty sooooon ! I be buyin if I was you. Don't get to shorty just yet.
ReplyDeletepp
Thanks jay
ReplyDeletesam
Who thinks we rally 10 points spx in the last hour? Don't be surprised if we do. jmo. Beware those of you who don't
ReplyDeletehumble1
But it seems that everyone is waiting for it. So it may not happen?
ReplyDeletehere's my reaasoning. You see it's the long weekend....a patriotic holiday. No way will the PPT-powers that be, allow the markets fall till close. They don't want people standing around the barbeques yapping all negative chatter. This would be bad for business. So THEY're going to step in here any moment and jack the stock market up just for an extra ray of hope on this our patriotic independance day.
ReplyDeletehumble1
Thanks humble,
ReplyDeleteIt would be nice if it's not down so much at the close.
Humble,
ReplyDeleteAnother alternative is 'they' let them drop into the close so everyone can get negative and sell Monday morning.
And then 'they' can buy them back
cheaper at 890 or so.
Marcus you make mmore sense. 886 is the next stop before a bounce. that is one of the jay's alternate scenario
ReplyDeletesam
kinda concerning that 900 is holding why is that??
ReplyDeleteoh c'mon sam. Do you alweays agree with jay? he's good but you gotta disagree with him sometime even if it's just for shitts and giggles.
ReplyDeletec'mon sam. Maybe if we chant and meditate we can make it go up 10 points. lol.
humble1
well humble, now that we hit 998 we may get a bounce afterall. enjoy 912 as again jay had said. just kidding
ReplyDeletesam
Trading extended to 4:15 today on NYSE.
ReplyDeleteJay and Ravi,
ReplyDeleteAny end of day/weekend updates for us.
Thanks
spx 912 smashed
ReplyDeleteFOOORRGGEETT ABBBOUT it
{ggg}
See new post
Jay
Those who want to know about Monday and the Astro here are some of the aspects.
ReplyDeleteMoon 180 Mercury
Mars 90 Neptune
Mars 90 Jupiter/Neptune
Mars 90 Jupiter
No one should mess around with MARS.
7th is the lunar eclipse.
WHERE IS CHANAKYA'S MAP YOU POSTED!!
ReplyDeletePUT IT BACK UP OR ME AND 20 OTHER FOLLOWERS WILL LEAVE!!
Ivan