High today SO FAR at 1034.951035 numerology = 9 = a finishing # for what it worth??
Ravi
Wave count from 978 ?
wave 1 high to 990
wave 2 low to 980
wave 3 high to 1025 ??
wave 4 low to 1022
wave 5 NOW in progress to 1035??
The PROPENS index shows a HIGHER DAY with NO let up , until late in the day
Unless 2pm Astro offers the HOD with moon 120 Mars
Its now 11am and NO BACK OFF
Activity index is flat at 100 and has been there all day so far from wee hours in the am
10;30 was 30bar minor low
11am now holding just under 1035 earlier highs
the next 9 level = 1044 f or what its worth
MMath levels = 1002, 1033, then 1041
Next 60 bar cycle @ 1pm
90b@ 3;30
Flash uses 4.3 hour cycle & 8.6, but in between is 6.5 which = 39 hours
39 hours from the 978 low on the 17th @ 9:45am = tomrrow at 9:45am
which Ive mentioned often
Jay
Ravi
ReplyDeleteI realize I took my wave count out of context within the larger degree wave, but I think it gives us some short term perspective
ASTRO for the rest of this week IS OPPOSITE of LAST week, and should SELL OFF after tomrrow's open if NOT even later today after 2pm or both.
Ive mentioned this several times
25th energy turns NEGATIVE
26th BIG SELL OFF DAy into
the open of the 27th @ 11am
27th recovers some,
28th opens higher but closes lower
SHORT TERM BUY for SPT 2nd NEXT possible peak at 3;30pm
SPX at 11;05 hit 1035.81
now backing off a bit, and that might have been enuf to settle down to the 1pm bar cycle
Jay
COY,
ReplyDeleteArms index data
a/d ratio = 4.24
vol ratio = 1.44
arms ratio of above seems to read 2.95???
Had a similar odd ratio for Aug3rd
4.4 / 1.8 = 2.44 ??
can you confirm or correct my math
thanks
Jay
Jay:
ReplyDeleteYes, a five done or about done can be counted ONLY if we see it as having extended fifth as in 978,990,980,1006,1003,1035. Which is not invalid. But the look is better if counted extended third just about completed that leaves one down and one up in next couple of days to finish fifth, a little higher than 1035.
JAY's FIVE DONE COUNT with fifth extension done,valid but not preferred, followed by deeper retrace:
ReplyDelete1 978.51 991.20 12.69
2 991.20 980.74 -10.46
3 980.74 1006.03 25.29
4 1006.03 1003.67 -2.36
5 1003.67 1035.82 32.15
all 5 978.51 1035.82 57.31
21.4% 1023.56 -12.26
38.2% 1013.93 -21.89
50.0% 1007.17 -28.66
61.8% 1000.40 -35.42
PREFERRED COUNT
This is how it looks with third extended, that will require fourth down and one higher hi for fifth.
1 978.51 991.20 12.69
2 991.20 980.74 -10.46
(i) 980.74 999.61 18.87
(ii) 999.61 993.2 -6.41
i of (iii) 993.20 1006.03 12.83
ii of (iii) 1006.03 1003.75 -2.28
iii of (iii) 1003.75 1027.59 23.84
iv of (iii) 1027.59 1021.8 -5.79
v of (iii) 1021.80 1035.82 14.02
(iii) all 993.20 1035.82 42.62
21.4% 1026.70 -9.12
38.2% 1019.54 -16.28
50.0% 1014.51 -21.31
61.8% 1009.48 -26.34
a
ReplyDeleteIt is now possible to count a small five waver down from1035.82 to1031.88 followed by a three wave 38% retrace so far. Let us see if the hi hold now.
ReplyDeleteHi Guys, the low of AUG 26th that is being projected may not or I personally do not believe will happen due to New Home Sales and OIL Inventories will be positive if the data I have read is accurate. Q2 GDP Pre is on Aug 27 so if its bad then ya I could see a short and quick pullback, how much, no lower than 1000 but thats 40 ponts so to do that in 1 day.... I just cant see that.... I know many wont agree with this but many OIL ETF, Energy Index and stocks I track have brk Res so were going UP, even the BPTSE with oil has room to POP. Well, I guess will see, Im LONG Energy and the TSX
ReplyDeleteJay I am following with the name sam.81376
ReplyDeletesam
well it shows Surendra. so let us keep it that way.
ReplyDeletesam
Ravi, Jay it seems that it at least fill the gap today to get out of short position and enter later at 1042
ReplyDeleteRavi
ReplyDeleteConsider this
either today at 2pm and OR
tomrrow at 9:45 will be the HIGh no matter how we count it
The NEXT 3days into the open of the 27th should be a larger sell off than the 35 pts from 1013 to 978 Aug 14th & 17th
LOOKING AHEAD to get some perspective - this is nt idle chatter its real astro
I can give you some sites to read to get others perspectives
Consider the Low of Aug 28th a potential 4th wave thus leading to A 5th of minor 3 to SPT 20th
ONCE there, ASTRO shows a MORE serious decline to Late Spt, thus making the actual wave 4 of "A" complete
that would leave the 5th of 5th of "A" that began March 9th
to END ON OCT 10th
Oct10th- ASTRO event =
SUN 120 Jupiter.
End of month astro =
Sun 90 Mars
Sun 180 Vesta = insecurity
OCT 10th STARTS The NEXT serious and lengthy decline similar to last year and should end LATE March 2010 or EARLY April
Jay
Just google and read
ReplyDeleteMercury square mars
&
Mars opposite pluto
see what is written about those 2 bad guys coming in the next 2 days
Jay
I think we can pretty much rule out 1050 for today
ReplyDeletepg
As previously stated VC is short
ReplyDelete%50 QQQQ from 40.45.
OK,
ReplyDeleteITS 1pm and 60 bars making a low at 1030.51
2pm has a moon 120 mars and should offer the NEXT HIGH
90bars @ 3;30 is the next bar cycle low
allows the close to end higher.
and makes 9:45 AM @ 39 hours the last attempt in this series of waves.
26 hours from 9:45 am Tuesday gets truncated on Friday's close
Activity has NOW dropped to 66.
and spx has taken a dive to 1028
We'll see how long this downturn lasts.
GOLd also has taken a hit, now off 7 from friday
OBV on the 5 min chart double topped at 11am & peaked on the 15 minute chart
Joseph- the data you mentioned might make you FEEL GOOD, but it nothing to do with cycles or wave count
ITS PURE Distraction
Jay
Down wave is beginning an impulsive looking third.
ReplyDeleteJay, if we finished a fifth extension, I do not see a higher hi today or tomorrow. Keep in mind that this may even opens the door for 1035.82 being end of C, in case there was to just one five up from 871.51.
If we finished third extension, may be only slightly higher hi tomorrow. The fifth should not break the wedge, which would now be around 1037.50 tomorrow.
The wedge break, is likely to come on a third up, if one set of five is not all.
Hi Jay, I agree with you for the general SnP like Banks. Even on the TSX banks report this week and it doesnt look good but OIL index/ETFs have broken res to the upside so I think Energy stocks may fair better in my view and thats how I have played it. Especially if OIL breaks $75 for a few days OIL stocks will POP
ReplyDeleteStop on VC is now break-even at
ReplyDeleteQQQQ 40.45
Now that we closed the gap, does it mean a move high here? I am thinking of covering my shorts here.
ReplyDeleteIf we go below 1224.78 after going up without touching 1031.63, we will have next degree five down. That will mean atleast another 5 in a 5-3-5 correction.
ReplyDeleteJay, Ravi and others
ReplyDeletePOMO is tomorrow. It damaged our free market beliefs. Do u think they are going to pump it again tomorrow
Now question is will we retrace back up to give others a chance to short or will we just breakdown further and crush trapped bulls and leave those waiting to short behind. If we do retrace, I think we head straight to 1050 since it won't be a retrace to further frustrate everyone...sorry just thinking out loud of what the best way to screw the most would be for the market
ReplyDeletepg
I am out of short spx put at 1025 with minor loss. wait until the next move.
ReplyDeletesam
ravi, your nubers are right on money. we turned around 1024.70. Let us see, if it still goes below 1024 or not. Or do you think down leg is over?
ReplyDeleteI'm out tza and dug...made some profit on my tza avg. and a little on dug...nothing to throw a parade about.
ReplyDeleteWe can tank further, but not worth it to me here on first test.
pg
tape is now looking bullish to me, we'll see
ReplyDeletepg
Remember what I wrote
ReplyDeleteI expected an 11am LOW
well we got an 11am HIGh and 1;30 LOW
IT worked exactly as i suspected but the timing of the events were delayed a bit.
STILL think they struggle back to close near highs or 1030sh
Open at 1035 and we head LOWER till OPEN on 27th
Next 2 days are somewhat similar to 14th /17th
TOMMROW at 10:27am MOON 135 Uranus
and the read says:
EMOTIONS ERUPT
another reason to look for a turn at 9:45am
Jay
It looks like ravi's 5 down scenario may come to reality. it seems to be topping out at 1027
ReplyDeleteGoing long here for a day trade. Seems like they want to protect 1026...tight leash on this trade though
ReplyDeletepg
pg
ReplyDeletestop loss 1026.20??
no just under 1026, i'd rather not place exact points anymore...I'm paranoid ;)
ReplyDeletepg
pg,
ReplyDeleteare u the gambler?
target 1021.5 for 5 wave down from top
ReplyDeletea real story should play out here. Move below 1025.7 should take us to 1015 --1010 or we keep going towards 1041
ReplyDeleteI meant 1024.70
ReplyDeleteRavi, clarification please. Do you see only five points from here to 1021.70 target with 5 down? Or do you mean we may have five down from 1021.7 to XXXX?
ReplyDeleteThanks
Ravi, I looked at chart and see what you mean. 1036 -1032
ReplyDelete1032-1032
1031-1024.7
1024.7 -1027.5
1027.5 -1021.7?
Did I read it right?
In x-trend; If ES 1021.7 is broken, he is projecting ES 1005
Atilla Demiray 1 hour ago
1021.75... if it taken today, it will crater to 1005 in a few hours
Reza, no I'm a very flexible daytrader/short term trader. Every trade involves timing which I am constantly striving to improve. Just because it looks like we'll finally reverse here doesn't mean it'll happen in a straight line. 1026 just appears important to me, but what do I know...been wrong recently
ReplyDeletepg
pg,
ReplyDeleteWhat I meant was if your id name is pragmatic gambler
surendra,
ReplyDeleteatilla also said that the spx
COULDN'T get past 900....
then 980.......then 1016.
Beware.
Still short %50 QQQQ from 40.45
ReplyDeleteand holding. Stop is now 40.41
and falling locking in profit.
We have a first five wave down from a top in a while. It is shown as a below on speculative path ahead
ReplyDeletea? 1036 1020 -16
b? 1020 1028 50%
c? 1028 1012 -16
Jay, can b be your top 9:45 tomorrow?
But, if you are expecting a big down from there, we are in something else such as
1 1036 1020 -16
2 1020 1028 50%
3 1028 1002 1.6 of 1
4 1002 1012
5 1012 994
stopped out near 1025.70 ...no I'm not pragmatic
ReplyDeletepg
surendra
ReplyDeleteyes that is right 921.50 is perhaps better target. in my prior post i used 920 to keep things round.
Tried again long near 1023...now i'm gambling...tight stop
ReplyDeletepg
five was done at 1022.5
ReplyDeletetwo target 1026-1029
ReplyDeleteextended target 61.8% at 1031
ReplyDeleteravi, now a 3 wave move? abc? and make lower high on c and then 5 down?
ReplyDeleteTHE BIG DOWN DAY IS the 26th
ReplyDeleteso tomrrow they can play all day
between 1035 and 1012
but we will have to record the levels and other indexes to see where they will trade.
Jay
yes Ravi
ReplyDelete1028 to 1030 can be the B wave TURN tomrrow at that 9:45 time slot
Jay
the DOWNSIDE potential is much greater this week than a few pts tomorow am
Jay
VC stop now at 40.39 on shorts
ReplyDeletefrom this am at 40 45.
No CRATER after 1021.70 was broken
ReplyDeleteper atilla.
10 day trin just dropped under 100
ReplyDeletebearish
Jay