Friday, July 10, 2009


IMO< The chart shows a LIMITED rally in the making

IF it starts at 3pm, it should finish Monday by 11am to 1pm

Jay
at

12 comments:

  1. Anonymous2:53 PM

    tHANKS JAY. WILL HOLD SMALL LONG POSITION OVER THE WEEKEND

    SAM

    ReplyDelete
  2. Anonymous3:09 PM

    It looks like market wants to rally but Friday has everybody absent to buy calls.

    frank

    ReplyDelete
  3. Jay Strauss3:41 PM

    Agree
    Next week has 2 different potentials

    rally on Monday & Tuesday to WEd
    then drops off thru Fri

    OR

    Rally on Monday that fizzles & drops back into WEd, then rallies to the 20th

    20th seems to be the KEY date as ARAK pointed out is a GANN DATE.

    and As I posted
    its 112 tr days from FEb 6 high to high

    High to high seems to end at 112 to 116 tr days

    Murrey Math reversal dates
    July 9
    July15
    July21
    July27
    IMO,
    LOW
    HIGH
    HIGH
    LOW

    Ive tried this b4, see if its good for next week
    Numercical values
    13th = -16.365
    14th = -15.875
    15th = -22.717
    16th = -22.959
    17th = -16.771

    20th = -12.176
    21st = - 10.645
    lowest value on the 24th= -6.053
    28th = - 24.097

    Activity making a LATE comback, but I'm beginning to think we WILL SEE A HIGH ENERGY DAY on MONDAY

    Jay

    ReplyDelete
  4. Anonymous3:54 PM

    Thanks Jay..... Have a good vacation !! Eric

    When will we see you next??

    ReplyDelete
  5. Anonymous3:57 PM

    Thanks jay and have great vacation. drop in, if you can. you helped me a great deal.
    holding long over the weekend
    sam

    ReplyDelete
  6. Jay Strauss3:58 PM

    ITS about time, and I really think it will continue on Monday

    Im going to hold since they are August calls

    Worst case scenario, I will hold till 20th, as I will be back on the 19th, Sunday, and will have time to do a review

    BUT I can trade on my SELL phone, BUT its much more tedious.

    SINCE 11;30 AT the 13 day cycle came in nearly on schedule, we cannot negate a rally thru at least 50% of the next 13 day cycle = July20th

    Jay

    ReplyDelete
  7. Craig4:18 PM

    Thanks Jay,
    Enjoy your vacation time. Send us a photo. Enjoy your golf and time to yourself.
    Craig

    ReplyDelete
  8. Unknown4:32 PM

    Great job Jay!
    Enjoy your vacation, long and strong.

    ReplyDelete
  9. Reza4:39 PM

    Jay,

    Can we hold off the rally until u come back (lol). Next Friday likely up, IMO opex

    ReplyDelete
  10. Unknown4:50 PM

    Reza,
    Max option pain on spy is 91.0
    It's not something to bet the farm
    on but.....it would indicate upward
    bias.

    ReplyDelete
  11. samamehta5:46 PM

    Jay here is interesting observation from Evil speculator blog, that will make you worry less about your long position.

    SAM
    http://evilspeculator.com/
    "Just something to think about heading into the weekend. What are the probabilities for a 5th week down? The maximum since October 2007 have been 4 weeks to the downside - just FYI."

    Cheers,

    Mole

    ReplyDelete
  12. Anonymous6:29 PM

    One more reason why Monday will be green -- up. from cbora blog:

    SAM

    http://cobrasmarketview.blogspot.com/

    07/10/2009 After Bell Quick Summary

    We had both VIX and SPX down on the same day, from the chart below, counting the vertical green lines, 8 out 10 cases, the SPX closed in green the next day.

    ReplyDelete