From Daneric's site - a great chart of the DOLLAR24 days from previous LOW on Aug6th at 77.43
Today closed at 76.85
which might have qualified for a WAVE 5 BOTTOM
IF tomrrow's dollar explodes UPWARD, we will see a complete reversal
which includes DOWN stocks & gold
of course we know that gold could not hold 1007 at this time.
Its NOw 9days till Spt 23rd and the 55 tr day cyle from July8th & 110 from April20th
18th NEW moon should be a low following the full moon high on the 4th;
more later
Jay
Gap down that doesn't fill tomorrow.
ReplyDeleteatilla
shortlong 0 minutes ago
ReplyDeleteTA works when free and adequate market participation is present. In this rally since march, as I understand, volume is lacking. Those who are old enough to remember Hunt Brother's Silver rally, this could be repeat of that. Bunch of computers are buying and selling to each other hoping suckers will get in. It has not happend yet so far. If they lose paitent and stop buying the fall will be fun but painful too to watch as most of would have missed the Bear bus.
question is --is this the repeat of Hunt brother's silver syndrom?
BIG GAP UP!!!!!!!!!!...tomorrow.
ReplyDeleteExplosion to the moon!
All Bears will be Castrated.
Mat F.
Jay,
ReplyDeleteHow does it look for going long into Monday close, at 10:00 AM.
My original assessment was the low would come in midday. No. The lower lows come in today the closer to the bell following a minor high around 12:17.
ReplyDeleteMy high is 10:34. Could be wrong. Events, other unknown forces change things.
Thanks Coy,
ReplyDeleteJay has a turn date at Monday's close.
I was considering a long until then.
I got out yesterday on 1/2 my OIL position, many are saying turn date is 15-18 approx. If not during these 4 days then the following Mon being Sept 21st.
ReplyDeleteJay from Stock barometer agrees with Jaywiz for Mon Sept 14th
Thanks COY
ReplyDeleteIf we count 329 bars it gets us to 3;15pm, and it could extend to the close
March 6th & 9th intraday lows
SPX 666.79 + 377 = 1044.79
SPX 672.53 + 377 = 1049.53
that seems to be the RANGE which at this point has certainly been
MET
Raging conflicting cycles early today
258 bars opened a little lower
10am converging cycles HIGH
18days from aug 17 lo to hi
9day from Aug 28 hi to hi
6days from Spt2 lo to hi
10:12 was a 13day cycle low
____________
Monday is a BRADLEY CHANGE date
the readings suggests a GOOD start, and 10am is 10 days from Aug28 hi to hi, & turn
_____________________
Tuesday 15th
calls for a nasty day at lest mentally, but no way to know how much it would effect price levels
______________________
16th calls for a repeat
__________________
17th calls for disruptions & harsh news
summary
the Atmosphere changes dramatically on Monday to Friday next week, but there's no way yet to tell how it will effect stock prices, but we can be fairly certain that we should see prices fall
A low at or near close today would allow one more thrust up as previously described monday AM
more later
Jay
in 1987, the HIGH was reached on Aug25th - thus the annual comparison people make to that time zone.
ReplyDeletethere are comparisons EVERY year
however, this year offers something similar with of course a variation
Yes we got a late August high, but in 1987, it FELL for 10 days into Spt 8th , high on 14th then lower on Spt27th before recovering to Oct6th
This year we got a high in late August BUT also a SECONDARY high on Spt10th, and or 11th, and or 14th
in 2009
THe 10days following TODAY lead directly to a 55 &110 tr day cycle
that is quite consistent, and begins at least 10day PRIOR giving us TODAY ,and or Monday as potential TURNS into that prominent cycle low on the 23rd to 25th.
Jay
We are fast approaching the third of five passages of the 45-year Saturn-Uranus opposition September 15, followed by the new moon on the Saturn part of that opposition on September 18. The fact that is the middle of five passages gives this one extra importance.
ReplyDeleteThe last two times Saturn was in opposition to Uranus (November 4 and February 5), the market dropped approximately 2000 points within the following month.
Thanks Jay,
ReplyDeleteGold was due for a high yesterday or today which it seems to have hit today. It also has a low for the end of next week, which is in line with a reversal in the market as you see it.
I will plan on shorting Monday with a probable double top or lower high before the sell off.
This comment has been removed by the author.
ReplyDeleteWe have obviously been in a five wave impulse, but where from? From Sept 2 low for spx and sept 3 low for DJI.
ReplyDeleteWe have one small down and one or two larger up/down ahead to complete this. The small down is already in 1039-1043 target area.
The five wave move may touch the top of the wedge. The much more important question is what next, and unfortunately there are many alternative larger degree count for that.
By the way, here is the position of the top of THE wedge:
today 10055.94
monday 1057.47
tuesday 1059.0
sept 30 1076.02
Looks like potential head and shoulders forming on a 5 minute SPX chart. Neck line at about 1039 if broken should get us at least 1035.
ReplyDeleteCraig:
ReplyDeleteShould that H&S not be 1048-1039=9, 1039-9=1030 if it works?
How do you get 1035?
Good work RAvi.
ReplyDeleteI like your objective analysis.
The Bull is relentless.
Frg
Hi Ravi,
ReplyDeleteThe 1035 is just an approximate for the 23.6 fib retrace. This is a minimum. Although I would be surprised if we break through.
Craig
ReplyDeleteYes, we have some upside business left to complete the subdivisions of the impulse from 991 first.
Big Short HERE!
ReplyDeleteMat F.
wenty short at 1044 and will hold over th weekend
ReplyDeleteHolding SRS over weekend at 10.80, stop 10.6
ReplyDeleteWhen your a Bear, you have these against you:
ReplyDelete1. Bulls
2. Business
3. Obama
4. The Fed
5. Treasury Sec
6. GS HF-computer trading
7. 2nd Floor NYSE First-look high-speed computers
I'm in favor of a secret society, us, that don't publicly broadcast everything we know, especially timing. After all, what is GS, but a secret society.
I think we'd do much better.
Coy, I agree with you. GS types have super computers and alogrithms that can read and decipher in nano seconda all of the sentiments and puke out the best trading strategy -- to screw the bears at this time and letter on to do the same to the bulls.
ReplyDeleteSo I had suggested we all become pseudo-bulls and make comments accordingly. Computers cannot recognize sarcasm.
Having said that here is FLASH post which I decipher as down 15,16,17. turn on 17 to higher high on 24 but in between two zig-zags around opex. He was projecting 930 and 1060 as a swing range. So may be we reach 930 by 17th? and ride up to make a newer high 1060-1080
RT MKT Update: QTY. four 3 leg turns (9/17,21,24), (9/17,21,22), (9/15,17,18), (9/21,22,23); Sept. OPEX comin [hot button 9/21] & then...
about 2 hours ago from web
Anybody else has better or different reading based on Jay, ravi and Coy's analysis?
These are what lousy traders blame when nothing goes right. LOL.
ReplyDelete1. Bulls
2. Business
3. Obama
4. The Fed
5. Treasury Sec
6. GS HF-computer trading
7. 2nd Floor NYSE First-look high-speed computers
KK
HI Sam
ReplyDeleteFLASH Scenario needs more time to PLAY OUT
The 14th HAS ONE MORE Bull play and should last all day as the Saturn 180 Uranus transit doesnt occur till 9am on the 15th thus releasing its PENT UP ENERGY on the WANING side right smack into the NEW MOON & Saturn on the 17th & 18th.
The 15th WILL TURN LOWER into 10am of the 18th and most likely again in late afternoon
A LOW at 2:45 on the NEW moon Conjunction with Saturn should be a no brainer.
YES , FLASH has a TURN into the 21st/22nd/23 & 34 -
OUCH what the HELL is all that??
SPT dates.
NOW has the 14th as a TOP
17/18th LOW
21/22 high
25th low
HOWEVER,
THERE IS NOT ENUF time in SPT to make the kind of swing he is referring to
BUT NOW whats fascinating
OCT 8- 2007 + 500 Tr days + oct8,2009
TOP TO TOP
AND 377 tr days from March 17-2008
Add to that 377 spx oints from the MARCH 6 & 9th LOWS =
1044 to 1050 as Ive already posted
Heres HOW they can SWING from 930 back to 103
FROm SPT 25th LOW to oct 8th HIGH
in 1987, A SPT LOW occurred 10 days after the Aug 25th high on Spt8th
THEN it had an ABC rally to OCT 6th WHICH INCLUDED one of the BIGGEST RALLY DAYS EVER to that point.
We could see a very similar wave take place this year in SPT & oct
including a MAJOR Oct slump - also proposed by FLASH
Ive already OUTLINED such B4, so JUST BECAUSE its DELAYED- DOESNT MEAN IT WONT HAPPEN
Jay
Hi Jay, please just let me know if I have this right. The 14th is the major high/TOP... 17/18th a major LOW. My question is in your view the low 25th will it break the 17/18 LOW. Also my second inquiry is in your view that Sept 28th TURNS higher into early October 7/8/9.
ReplyDelete