I am attempting to put the pieces of the WAVE puzzle in place,so we can ALL get a handle on WHATS NEXT
As of 1:30 as COY posted we are NOW getting what MIGHT be the 5th wave of "C" = X ??
IF so, then the NEXT BIGGER move has GOT TO BE DOWN
DOWN TO WHERE ?? you ask. GOOD question
I posted some possible levels, but I personally cant see such a
drop in the next 6.5 hours to 2pm tomrrow, or to friday AM open , to such lows
1018 to 980 = 38 pts = possible wave "a"
right now at 1;30 might be wave "b"
which means wave "c" dead ahead
38 x 1.618 = 68 - spx 999.61 got tagged a few minutes ago = spx target of 931
NOT out of the question, but WHEN is the next question, of course
38X 2.618 = 99 - 999 - 99 = 899 , we might be asking too much [gg]
However, Aug 20th AND part of 21st might HOLD the key to the above lows
I know what I wrote on the previous comments
Tomrrow is an 8 day LOW
Friday is an 8 day TURN
Tomrrow new moon is EARLY at 6am, and the after effect could be DOWN
there are 2 astro events that are strongly negative
both are MERCURY aspects - which effects OUR THINKING
Merc 150 Neptune = CONFUSION at 5pm tomrrow
merc 180 Uranus = SEVERE news @ 8 am friday - which is why Im expecting a LOWER OPEN
NOW, heres more
Monday has potential to be a HUGE rally, but from HOW LOW ??
THEN -AUG 25th & 26th are slated to SELL OFF into an OPENING low on the 27th at 10;30
I have to say that the MAIN TREND IS NOW DOWN TILL Late SPT
Spt 18th to 25th is the NEXT ASTRO highlighted time zone for trouble
but AFTER the 25th - it QUICKLY leads to a resolution and HUGE rally to Oct10th - yes OCT10th
___________________________________
THANKS for your great comments
evryone is offering good thoughts and concepts
Ravi
IT LOOKS LIKE 1;15pm made the hourly TOP in 5 waves from 11;00am where a pivot
began at 60bars and the Jupiter Saturn 150 mark
LET US KNOW WHEN WE GET the FIRST 5 wve decline off that high mark
____________________________________________
more later
Jay
just to summarize my main posting
ReplyDeleteWaves - using astro events to outline the mkt
ABC to "A"
1018 to 980 = "a" on the 17th
Sun 190 Neptune at 5m
980 to 999.81 = "b" so far
New Moon maybe supporting the rally
999- to whatever = "c"
thats WAVE "A"
IF they get that one down to
931, it will be a bears victory
then WAVE "B" from Friday to monday
Next Wave "C" on 25th to 27th at open. which could close out at the 900 level
this is all conjecture, but it seems to fit the astro events compared to wave & price levels
Jay
Front-running galore. As evidenced by the elongated 1-min TRIN. Where does all that money come from? They're doing their best to prop up this ailing market. It's not going to work.
ReplyDeleteCOY
ReplyDeleteMoney comes from ???
I call it PFA
pluck from Air [g]
volume must be quite LOW as the OBV is severely lacking on this rally on the 10day/15 min chart
MACD is JUST about ready to roll over
I cant imagine a 450pts selloff tomrrow, but thats what its seems to be shaping up to ??
Maybe wishful thinking??
Jay
(a) of B 1018.00 978.51 -39.49
ReplyDeletea 1018.00 992.40 -25.60
b 992.40 1013.14 20.74
c 1013.14 978.51 -34.63
(b) of B 978.51 999.61 21.10 53%
(c) of B ??? 999.61 960.12 -39.49 (c)=(a)
Yes, deeper (c) is possible to930 area, but for now I will go for symmetry of 960. Talking about symmetry, (a) took 6 trading days, no reason to expect (c) to be any faster. It is NOT 3 of 1,2,3,4,5 ahead.
in order to get a 5 down on 15 mts chart, we should not go above 997.56 before going below 995.66. Let us watch.
ReplyDeleteJay,
ReplyDeleteI'll bet Goldman knows what tomorrow brings. I'll just continue to follow the short term trend.
Ravi,
ReplyDeleteWould you be long, short or flat here???
Coy
ReplyDeleteTYX
peaked at 1;15
and looks like its CHANNELING to a 3rd wave LOWER to 3pm close
Jay
well ravi, your condition full filled. we saw 994 first. let us hope this is the big one we have been loking for sometime.
ReplyDeletesam
Victor,
ReplyDeleteI'll tell ya what I'm doing. I sold my longs at 13:30, went short, anticipating Thursday closes down.
I could be wrong.
Coy
This comment has been removed by the author.
ReplyDeletesam :
ReplyDeleteThat was not the big one. All it does is gives some confidence that we are done with (b) up.
Thanks Coy,
ReplyDeleteSeems like the ew people don't want to commit to a trade. I'm still %50
from qqq 39.85 and holding till i get a new signal which I will post
real time.
I will state clearly where I am at.
ReplyDeleteShort 25 percent qqq from 39.85.
Closed %50 percent at 39.05 yesterday and %25 AH at 39.30. Still have %25 short from qqq 39.85. Any EW people wish to share where you stand?
Long,short, flat, etc. With all due respect.
i have been short since 961 and am thinking of taking loss on the next small a,b, c down. Specially if we exceed pre-market high
ReplyDeleteI have been looking closely at 1 minute chart since yesterday's bottom. It probably did not complete 5 waves for a c or iii (counting from Monday AM) and is doing it so now. In which case, a,b, c from Monday AM is not quite ruled out yet.
ReplyDeleteMore on this later.