its now 3pm, and mkt blew away my primise, but lets see how it closes
3:05 pm has brot in an hourly low spx 882.76 & dow at 8178
activity as mentioned did drop off from earlier highs now still at 133
20day Chart of GLD shows PINCHED Bollinger- ready to CRUMBLE
Todays late lower low, could STILL be an IRREGULAR "B" wave and head higher tomrrow till 1pm and NOT reaching yesterdays close which is an even weaker wave than a FLAT.
Oct 27th is still the cycle to key off as it does converge on Thsday at 4pm along with the 13 day cycle low
I WILL BE BUYING LONG at the close on THURSDAY - AUGUST CALLS more later
Hi Jay/Ravi and all, Canadian TSX broke support again today at 9875 I suspect that will go dn to 9700 this week. If we break 9700 then next support is 9550, 9450, 9300 and MAX low target is 9100. With respects to the DOW and your last comment I just cant see the DOW hitting 7600 by the end of this week which is almost 600pts which is in-line with the TSX MAX LOW base of 9100 which is a 700pt loss. CDN dollar support is ay 85.02 and were 55pips from there. OIL will probably hit 59 as support. Essentially my point is I just cant see a 500-700 point drop that fast?. However brother Jay/Ravi, if this does happen by Friday then you guys deserve a massive THANK YOU from all of us, and more; I would be speachless :) Nevertheless, thanks Jay/Ravi, for all your time and feedback. Take care, Joseph
its now 3pm, and mkt blew away my primise, but lets see how it closes
ReplyDelete3:05 pm has brot in an hourly low
spx 882.76 & dow at 8178
activity as mentioned did drop off from earlier highs now still at 133
20day Chart of GLD shows PINCHED
Bollinger- ready to CRUMBLE
Todays late lower low, could STILL be an IRREGULAR "B" wave
and head higher tomrrow till 1pm
and NOT reaching yesterdays close
which is an even weaker wave than a FLAT.
Oct 27th is still the cycle to key off as it does converge on
Thsday at 4pm along with the
13 day cycle low
I WILL BE BUYING LONG at the close
on THURSDAY - AUGUST CALLS
more later
Jay
PROPENS index DOES show today closing at a LOW, but when I sold my position earlier the activity index had not dropped yet.
ReplyDeleteI dont regret having sold out at all
it was a very profitable trade
THE PROPENS index ALSO SHOWS TOMORROW opening HIGHER
Jay
No regrets here either Jay. I did by a small long position at the close.
ReplyDeleteGreat job.
Craig
I bought small long position around close at spx 881. will cash in tomorrow and get back in short big time
ReplyDeletethanks Jay.
sam
Its looking like the 9th is DOWN to 7600 with NO reprieve
ReplyDeleteand it should start anytime after
1pm to 2pm tomrrow
I dont know how many times Ive posted this, but some one always seems to come up with some other wacky day count- not here-
9th is 55 tr days from April 21st LOW which did occur at 10:45, but there are converging cycles at 4pm
COUNT 176 tr days from Oct27th
BTW, oct 28th the dow was UP 900 pts
Do we get the same deal this time?? Maybe not as high, but a very strong rally indeed,
More Later
Jay
Hi Jay/Ravi and all, Canadian TSX broke support again today at 9875 I suspect that will go dn to 9700 this week. If we break 9700 then next support is 9550, 9450, 9300 and MAX low target is 9100. With respects to the DOW and your last comment I just cant see the DOW hitting 7600 by the end of this week which is almost 600pts which is in-line with the TSX MAX LOW base of 9100 which is a 700pt loss. CDN dollar support is ay 85.02 and were 55pips from there. OIL will probably hit 59 as support. Essentially my point is I just cant see a 500-700 point drop that fast?. However brother Jay/Ravi, if this does happen by Friday then you guys deserve a massive THANK YOU from all of us, and more; I would be speachless :)
ReplyDeleteNevertheless, thanks Jay/Ravi, for all your time and feedback.
Take care, Joseph
I am ready for 7600. let us go
ReplyDeletethanks Jay and ravi for great work
sam