-2.90 spx Futures at 8:30 are consistent with the 39 hour LOW due at 9:45 to 10am
FIBO level of 991.55 is next level @ 78.6% retracement
FROM there, the PROPENS index shows UP for the day, and astro points to 3;30
Propens index makes a dive either late today or Tomrrow which is consistent
with the power index as well as the 13 day cycle as previously mentioned several times
Summary
TODAY -Down at open, then Up till 3;30
Thurs - UP open, maybe - drop into 11am-noon = next pivot low- then UP
Fri TOPS at 10am or by 11am latest on the Employment HYPE
IMO, FRIDAY open - BEST SHORT of the WEEK, expect sell off to CONTINUE on 8th
9th OPEN LOWER on 39 hr cycle at 10am
I hope some of you are catching onto the 26& 39 hr cycles
Aug 17 + 39 hrs = Spt 2nd at 10am [[ lo to lo ]]
Aug 31st at 10am LOW + 39 hrs = Spt 9th at 10am
___________________
Aug 28th @ 12:30pm + 26 hrs = Spt3rd at 11am to noon [w] other cycles converging
Aug 31st Low @ 10am + 26hrs = Spt4th HIGH- YES HIGH- low to high @ 10am
more later
Jay
thanks for the update Jay I'm still struggling with the 26& 39 hr cycles
ReplyDeletebut I'll keep watching maybe it will soak in lol
Lows:
ReplyDelete10:40
11:40
12:25
Coy
Still short from QQQQ 39.95 and
ReplyDeleteholding 50 percent. Stop is now
39.77 locking in a nice profit.
TRIANGLE.....
ReplyDelete....and the breakDOWN later...
fdr
MEGAPHONE....
ReplyDeleteon the TSX....
.....breakDOWN later....
fdr
Looks like we're bottoming, but we're not. imo
ReplyDeletepg
rrman
ReplyDeleteI keep a DAILY LOG of the day's action
closing
astro
cycles
readings
propens
bar cycles
Etc
ALL on a LEGAL pad broken down into 5 days for the week.
I can refer back to any point in time that was significant on any day going back years
With out that, I would LOSE continuity
Maybe thats just me, and maybe others can do it another way, but Ive been recording data like this for a long time
Jay
pg
ReplyDeleteWhen is a bottom NOT a bottom
Are we NEAR A BUY pivot ?
that is more the question
Will there be a small rebound today after 10;30 , and will 11am be the actual TURN higher to 3pm
60bars at 10;30 should open up after ward.
90b @ 1pm
126b @ 4pm OR open tomrrow
the FIBO levels
991.55- have not gotten there
1001.67 - they could challenge that later
1008.99, I dont think thats today's target
BUT they could attempt something in between 1001 & 1009
THE BEST BUY will come OFF tomrrows LOW at 11am to noon
THE BEST SHORT will come OFF Friday's OPEN till 10am and or 11am at the latest
Jay
buying at this level 993.8
ReplyDeletestop at 989.6
ReplyDeleteits now 10:35 am activity still at 100 and has been flat for hours
ReplyDeleteexcept for 2 small bump ups to
133, but now back to 100 --
10:40 its NOW at 133
SPX hit 991.97 @ 10;30 on 60bars- - might have set the stage for the rebound ??
pg, IM IN
Jay
Buy pivot? You're right that's the better question...hard to say Jay. The easy trades have been made already...shorting the spike yesterday was the easy one if you notice how every spike was being sold off for over a week now. I see 975-980 as a possibility here before basing action. But then, I don't really care where the market goes. I'm just looking for the next "easy" trade. Anyone taking a long or short here with confidence is either gambling or way better than me. I'm in cash.
ReplyDeletepg
pg
nice1 Jay, I may have missed out. But I'm waiting to short or buy at a different point....better plays imo...but I'll probably be proved wrong here. Good luck!
ReplyDeletepg
Now the TSX intraday pattern is developing into ...
ReplyDeleteDIAMOND..,
breakDOWN coming later....
fdr
taking profits here at 999.8
ReplyDeleteWorking on wave iv of (i)
ReplyDeleteall of iii 1030.58 991.97 -38.61
iv of % of iii ???
38.20% 1006.72 14.75
50% 1011.28 19.30
61.80% 1015.83 23.86
Likely retrace to 1006.72 area??, before going into v of (i) to go below 991.97
any chance of a pull back in gold?
ReplyDeleteMahendra has been so sure of a decline in gold and other commodities for a few months. Does anyone know if he changed his mind yet?
Thanks.
another decent rally will be a gift,to hold until the 13 day cycle low friday i reckon
ReplyDeleteJay, What is next for gold? Big move up today.
ReplyDeleteHB
GOLD at short term resistance
ReplyDeletehowever, imo, should trade between 950 and 1000 till OCT3rd = Seasonal HIGH
Do you have a 25 or 40 year seasonal chart?
Google it and see if anything shows
up
Jay
Jay is right. seasonal long on gold. biggest buyers are in India for their new year (Diwali) in October.
ReplyDeleteGood short entry 1008-1012. Long, I do not trust. we may continue to drop to 975
Here's a question to ask.
ReplyDeleteIf we sell off hard in September, and Indian market tanks, how many Indians would be in a mood to purchase Gold?
Anon,
ReplyDeleteIndia is a cash economy. Stocks is a sideshow unlike the west. People speculate in real estate with cold hard cash as banks do not lend for land value. This is one reason why the market bounced back pretty hard in india.
Jay,
ReplyDeleteCan the peak come on Fri morning at 8:29AM just before the jobs report instead of at 10 to 11AM? Just looking at the possibility that we ramp down from 8:30AM instead of making a high between 10 to 11.
Arak:
ReplyDeleteMarket in US also bounced back. It means nothing.
There has been an uproar in the Parliament about rising food prices and hike in other commodities. They'll throw the market under the bus to control the prices, otherwise Government will be out of job.
People don't buy Gold when they don't have jobs or are facing diminished prospects.
I think I know and understand India, its people and economy fairly well.
rising food prices = better rural income = more gold purchase. I was a farm boy ... and I know what my relatives are up to ;-)
ReplyDeleteArak
ReplyDeleteFriday peak as per POWER INDEX
starts at 600, up from 500 day b4
then tanks to 300 by days end
I think INITIAL CLAIMS tomorrw at 8:30 will be a catalyst for an OPEN high at 9:35-9:45am
but cycle convergence still at 11am to noon
Friday's EMPLOY report should follow the same scenario as the day b4 on claims
BUT this TIME Friday wll NOT recover as Thursday should
Activity is languishing - NOW at 66, but im hungry at 1;30, so a battle is quietly raging.
MY GAME PLAN
WAIT FOR OPEN TOMRROW TO DUMP CALLS
______________
WAIT FOR OPEN FRIDAY to BUY short
HOLD till 9th at 10am
more later
Jay
TRIANGLE ...could be complete...
ReplyDelete...do u c it?...
fdr
FROM FLASH:
ReplyDeletei ASSUME HE MEANS UP
FYI MKT: SIMON says turn day is 9/3/09; JOSHUA says today 9/2/09
about 3 hours ago from web
long here again at 996.5,stop 993
ReplyDeletetaking profit here at 999.3
ReplyDeletewhat's flash's twitter?
ReplyDeletethanks
buying again here at 995.3.stop at 991.3.(overnight trade)
ReplyDeletejust posting these coz i remember someone saying nobodys posting in real time here!
ReplyDeleteFlash twitter for Anonym:
ReplyDeletehttp://twitter.com/FlashFusion
I HAVE A LINK on the MAIN PAGE to
ReplyDeletethe RIGHT in light green
FOR FLASH and SOME other sites I visit occasionally
Jay
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