Read Ravi comments to UPDATE FAST PACED DAY
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Activity is at 300
GOLD is UP $13
1013 - 1018 high target??
propens rises and falls later
power index slips lower during the day
After Higher OPEN - per Coy & Ravi, they should sell off to low 990's by 2 to 3 pm as per bars and Coy
204b at 10am
228b @ noon
258b @ 2;30
could extend to 270 bars at 3;30
The read calls for Fast paced changes
Day should close off the lows
wkend has strong pos trines
STILL LOOKING FOR MONDAY TO SOAR
39 hours from Aug17 at 9:45 = 9:45 on the 25th. = low to high
astro matches
25th calls for CHANGE to NEGATIVe
26th follow thru lower
27th LOW at 10:43 am & TURN
FITS well with FLASH's 28th date for another BIG run to a new 2009 high on Spt 4th FULL MOON.
Ravi
spx to 1050-1060 - VERY LIKELY
for MONDAY
THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023
54 comments:
wow,
10am HIGH to 1018 and MORE
activity still holding 300
FLUX active also = UP mkt
10:30 next astro high??
Are they begging for a sell off later?
Jay
Bernanke cant possibly be the catalyst to sell off today??
Jay
Stopped out of last %25 percent of
shorts on VC signal at 39.85.
Was 100 percent Short at 39.85,
covered some at 39.05 and some at
39.30 and the last today at 39.85
VC keeps me on right side of market.
Delete Comment From: Jaywiz Financial Re$ources
Blogger Ravi said...
Retrace now more likely to test line joining 1018 and 1007, which is around 1005 on Monday. This is also the are of prior iv, and lies between 38.2% retrace and 50% retrace.
Contrary thinking: Is there a possibility that the five wave being completed is all of this C or (v) of B???? That would be something. any views?
UPDATED to 1025.94
i 978.51 991.2 12.69
ii 991.20 980.62 -10.58 83%
iii 980.62 1006.03 25.41 2.00
iv 1006.03 1003.59 -2.44 10%
v 1003.59 1025.94 22.35 88%
RETRACE targets 0
(i) so far 978.51 1025.94 47.43
1007.82 18.12 38.20%
1002.23 23.72 50%
996.63 29.31 61.80%
(iv) area 1006.03 1003.59
Line joining 1018-1007 1005
Jay:
997 for (ii) is possible in a deep 61.8% correction as shown in my last post. Your 990 is a bridge too far.
I just don't see how we fall 1025 to 990 in 5.5 hours in a corrective wave, no matter how sharp the correction.
We just got the first lower low of the day.
Victor
That was disciplined trade. Congrats.
Bernnanke's "we have saved the world" speech would be in history books if we are in P2 and make a top between today and couple of weeks
Ravi,
Thanks, I have learned to not argue with the signals. Period. They are
now long from 39.90 at %50 but I did not take them on opex Friday. I am now flat. Stop on this signal is now 39.98 fwiw.
RAVI
990 was based on 1013 high NOT 1025
YES,
I agree with 1003 -1006 as a potential low later today
possibly getting red at 3pm, and closing flat to a little higher
10:15 high is 30 minutes after the 9:45 target and could be the hod.
OUR target for 1050 can STILL HIT MONDAY AND IS VERY LIKELY Especially if we settle lower today
a 40 to 50 pt Mnday run up that HOLDS is what I am projecting
Activity index might have just peaked at 11am, ticked down one level
Keep in mind longer trends
Spt4th higher high
Spt 9th drop off
Spt 17 high again
18th strong sell off to 28th
HUGE Rally to oct 10th- actual 5 of 5 of "C"
Jay
Jay
ps;
IN march, I had predicted SPX to 1000, and even 1100 was possible
900 pts lost in 2008
38% retrace = 1000
50% retrace = 1100
Sure looks like the market is ready to go higher soon. imo
pg
Jay:
Draw a line joining March 9 low and July 6 low (4 months). Now draw a parallel to that line from 930.17 hi of May 8 (2 moths from low).
The parallel line resistance is 1125 on arithmetic and 1175 on log scale. 1050 may be top or a stop on way to 1125-1200 area. That is also the are of the recognition point on move down to 666.
Too early to tell. Best to take one wave at a time.
market again making a flag.
one more hi here?
pg,
ALL trends are UP, for sure.
As long as 39.85 holds on QQQQ
trend is up. Wish now I would
have taken that VC long signal
today. Oh well.
Victor, what is vc signal if you don't mind sharing? Thanks.
pg
So Jay, if we hold these levels and close near the highs do you still see another big rally Monday?
pg
So Jay, if we hold these levels and close near the highs do you still see another big rally Monday?
pg
Hi Jay/Ravi, do you believe based upon your data that the HIGH of Sept4-7 will be LOWER than the HIGH of SEPT 17th. In-addition the HIGH of OCT 7-10th will this be the PEAK of the PEAK of 2009 ? Just curious about your thoughts and Astro perspective. Theres a mtg on Aug 25th that concerns me with respects to Ins not having the Cap to support the banks. Not sure what the blog thinks of this?
http://www.prisonplanet.com/days-away-from-economic-chaos.html
Federal Deposit Insurance Corporation issues its 2nd Quarter report for 2009 on the state of health of American banks.
Mid-day springboard is just about upon us. Should propel prices higher today.
That's what I'm looking for right now.
CAl
pg,
VC = VADA-Cross
VADA= volume/advance?decline/algorithm.
A higher hi at 1027 possible.
Minor first of v yesterday, was 1003.19 to 1008.92 or 5.33 move. Post hi low today was 1021.78, add 5.33 and you get 1027.11.
Any stop loss should be above that rather than hi so far.
Triangular flag indicates 1028.5 hi possible
We have done a, b, c of flag.. working on d, one more very, very small down to down to e and then possible 5 points of thrust to 1028.5 area.
Stop is now 4.05 on VC long signal
QQQQ which I didn't take. Damn.
Ravi.
thanks for last 2 posts. I like it when don't even have to ask.
Cal
I meant 40.05 on qqqq.
Joseph:
I would not speculate beyond current waves in progress. And time is not the focus of EW, the price patterns are.
If we go towards 1125-1200, as I mentioned to Jay around 11:42, that can take longer. But the touch points 2 months apart go March 6, May 7, July 7 and September 7. For whatever that is worth.
looks like we're finally breaking out higher here
pg
Today, not Monday -
The 13:10 high hit had little effect. This leads me to believe that the market will be more sensitive to the upcoming increasing bias low to start at 14:00.
Will be interesting.
Coy
Coy:
if we get over with the business braking out of triangle to 1028.5 by 2:00, we can expect expect (ii) down to start from there.
Here is a chart i hope you can open i drew of the spx
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=3&mn=2&dy=0&i=p22796960976&a=154422239&r=540
You will have to cut and paste this link. the black up fork is off of Ravi's Mar 7 May 7th July 7th
1100 would be one target and 1150 the next area or top as it would hit the trendline from the 2007 high the angle of the fork is too steep and will fail. The light green fork is realistic and as long as price is above the center tong of the fork it is good to go.
Astro 8
Sorry for all the confusing lines
Cash is a good position to be in right now. Good luck everyone! I'll revisit at the close.
pg
hmmmm. I have a few short signals now in my system. I think I will take a stab at a short now after selling out my gains. Gotta go with it.
cal
from flash:
MKT: today 8/21 is turn day for all of you who are followin
17 minutes ago from web
WHATEVER IT MEANS
SAM
the triangle at the top
top: 10:16 AM
a 10:54 AM 38 minutes
b 11:49 AM 55 minutes
c 2:03 PM 135 minutes
d ??
e ??
this eat up all day and eat up the premium on all expiring options around OEX 475
Astro8:
Thanks for posting the fork line chart on Arithmetic scale.
I was looking at simpler channels as described and prefer log scale for longer term chart.
Interestingly, the middle line of fork is around the same place as my top line.
Jay:
Are still looking for Monday to soar, or was that dependent on a sharp down first today? If so dependent, that can not be astro -can it?
You have excuse me I do not understand much of astro.
Jospeh
I cant answer those questions
However, IT would appear that NO SELL OFF TODAY would BEG for one Monday AM
An abc sell off Monday to 1005 area at 11am would then set up the last go for it wave 5 of iii to whatever HIGH monday close or Tuesday Am would take it to
JUST GUESSING 1030 to 1050,
ONCE the abc low is out of the way at 11am
Tuesday calls for a CHANGE in DIRECTION, but it could be later in the day b4 that takes hold.
OR the 39 hour CYCLE at 9:45 could be the HOD, and there is a
Moon 135 Uranus at 10:27 slated to cause disruptions
the day is under the influence of
Merc 90 Mars - thats WAR at its best.
the 26th could be one of those RARE 300 pts down days.
Merc 90 Pluto at noon
mars 180 Pluto at 4;30
those are TOUGH aspects- NOT good for mkts, unless your a bear.
followed by GYRATIONS 27th& 28th
27th DOWn open, better later
28th good open, losses later
this sets up Flahs's buy on the close of the 28th
Hadik has also indicated a TURN point HIGh Spt 3 or 4th= full moon.
Ravi, might get his 1028 by the close ??
2pm = 252 bars & 52 hrs
3pm has turned them higher
but might not make another new high?/
IM NOT JUMPING in LONG until MONDAY as NO SELL off has ocurred TODAY
typically when options EXP end on a high, MONDAY sells OFF, and this Mnday has thoe earmarks
BIT IT STILL WANTS TO FINISH THE WAVE HIGHER at close
Jay
Jay:
As I posted, we are at new hi. This gives a chance to a better down once this business is done.
Vada-Cross is still long and would
close all longs at close or 40.05
whichever comes first.
Does anyone think we'll GAP-UP on Monday?
sally
Now the question is are we going below 1021.92 low of the flag before EOD. that is for now.
Ravi, what will that mean, if we were to go below 1021 or just at that level?
here from slope of hope. he is short from ES 1025
" have refrained from showing any retracement levels stuff for many, many months (at the behest of 2sweeties, because his subscribers kept getting ticked off), but I'm going to break radio silence on this item...........
I have dedicated myself to learning RetracementLevels.com more deeply (2sweeties and I are doing some one on one coaching next week). For now, I have entered my /ES short at 1025, based on the RL data.
And if you don't buy into this stuff, you could always use psychic powers.
sam
Gaps Up or Down are just guesses.
looks like we are done
breaking 1021.92 before close will confirm that 5 wave up was done around 1028 (bit short). That is all.
dji had a higher hi at 3:32 compared to 3:16. The spx did not. The reason is simple spx is calculated only 3-4 times a minute and dji lot more often. So a minor higher hi or lower low can be missed in spx.
Gap up or downs are not guesses imo. Let me try to wager a guess for Monday. I'll try after the close. By no means follow me though...I'm out of sync lately, but I did see a higher move this afternoon...was thinking 1030, but looks like we won't get it.
pg
Ravi,
wave 5 can always extend. no?
Chris
Ravi,
Are you still short from 961??
So it closed without confirming the top near 1028.
Chris:
Yes wave 5 can always extend. Also, today may have been a 3 of 3, rather than 5, in which case you have wave 3 extension.
Not likely, but possible
yes i am still short from 961. was planning to sell into wave ii, once convinced of i.
Once we broke 1006.03 yesterday afternoon, it was clear that wave v was ahead and I did not cover right there, speculating that wave iv will stop short of 1018 and wave ii will get below 1006. Wrong move.
going short at the close...bought some positions in afterhours. I'm a very short term trader so I may bail Monday morning if I see something different like I did this morning.
pg
one more interesting chart
http://stockcharts.com/c-sc/sc?s=$SPX&p=M&yr=19&mn=11&dy=19&i=p95604246831&a=155363836&r=255
again you will have to cut and paste.
my personal take. At this point the game is over. The Bear has been beat to death and is now most likely a Bull or will be soon. So the game of pushing it down for the Bears to come in so the Bulls and push it back and they have to cover might be done. The only ones to push this market up now are the Johnny come lately. There is plenty of money on the sidelines to do that. I am still short but like most will have to take at least some off on a pull back. The short when it comes and it is coming. will be swift you won't get a chance unless you are already hold positions.
Good luck
Astro 8
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