SATURN Aspects keep rally alive
Saturn 180 Uranus on 15th = EUPHORIA.
SLOW moving planets keeps euphoria alive on
16th and 17th until SUN 0 Saturn AT 2:23 Pm today.
TOmrrow, however has some big changes in store for
investor psychology and of course price levels as SELLING PRESSURE explodes.
NEW MOON at 2;44 indicates a CHANGE
A LOW at 1:30 Monday SPT 21st should setup a strong
REBOUND on the 22nd to be followed by a continuation of selling on the 23rd into the 25th
REMEMBER the 25th is STILL A BUY ,
and the BAR cycle converges with 28days from Aug17th low @ 10am
Psych read calls for EARLY STRESS
NATURAL energy offers an EXPLOSIVE rally on 28th to 30th.
more later
Jay
JUST as I POSTED a few times in the PAST
ReplyDeleteOCTOBER 10th STARTS a NEW DOWN LEG
Primary wave 3 DOWN with waves (i) of (3) ending in MARCH 2010
THats NOT the END of the WHOLE decline , but only the start of wve (ii) of (3)
Since wave (1) lasted from Oct 2007 to March 2009 = 18 months
we should expect NO less for wave 3 which would take us to March 2011
DEc 12, 2012 is the MAYAN calendar date for the SUN to cross the ecliptic PLANE
of the Milky way galaxy, and could coincide with wave (v) of 5
AND its ALSo the BOTTOM of the KONDRATIEF trough in 2012
Jay,
ReplyDeleteWith this POMO thing going on, yesterday was supposed to be the last one. But as of today, they have extended two more days Sep 21 & 29. Based on your readings Sep 21 should be up. What about 29?
Thanks
it broke 5 min. 50 sma. it has not doen so in the last few days. this may be the beginning of the down leg.
ReplyDeleteNever mind Jay, u already mentioned another rally around the 29th
ReplyDeletewill 50 sma act as a resistance? in few minutes we will know or we make new high again. what's new.
ReplyDeleteWAVE (i) of C
ReplyDeletefrom 980 to 1040 was 60pts
Wve (ii) of C wave low was
at 992
thats a 78.6% retrace
wve (iii) of C now at 1075
Most likely.
what should we expect from
(iv) of c
You tell me
Jay
MortiES' Take on Action ~ ES is ranging between our two 161.8% levels. I'll wait for ES to make a definitive breakout. $ES_F$$
ReplyDeleteabout 2 hours ago from web
MortiES' Observations ~ ES hit our target for this morning and is looking strong. The next target I have on upside is 1085.25. $ES_F$$
about 2 hours ago from web
90 bar low at 12;30
ReplyDeletenext
126 bars at 3;30
_______
friday
180 bars at 1;30
204bars at 3;30
__________
Mnday
258 bars at 1;30
30 bars at 4pm
Venus 45 mars@ 3:10pm = negative effects
Jay
if this is wave 4 now starting,i would expect 1030 minimum myself.
ReplyDeleteSPX did come down to 1063 kiss as I posted earlier.
ReplyDeleteBut did so after making a new hi, and came down in what looks like 5 wave impulse.
So wave (iii) may be over with a very small iv of (iii)yesterday and v of (iii)early today.
IF SO, (iv) can do 38.2 retrace at 1044.5 ish.
Not clear yet.
We can still rally into close and test highs tomorrow morning.
ReplyDeleteBuying around here
Cal
I'm loading the truck some more for a rally soon.
ReplyDeleteCal
It's bottoming now.
ReplyDeleteJust doubled down on longs SPX.
I'm 200% loaded. for a rally into opex.
Cal
She's gonna bolt soon. I like this action. Setting up for a rally.
ReplyDeleteNow I've just leveraged some more longs. Going for broke on this rally. Maximum gain takes maximum pain.
Cal
The down move more likely correction of iii of (v) of 3.
ReplyDeleteIf so, v of (v) of 3 = i of (v) of 3 at 1061.2+16.8= 1078 and 1618 times at around 1088.
So one more u possible before correcting 3.
Note I changed numbering to handle one lower degree wave.
MortiES' Intraday Update 17Sept2009 ~ IMO in W4 and should Bounce into W5. http://tinyurl.com/my6akk $ES_F$$
ReplyDeletehe is long from 1061-1062
i am long from 1062 for the first time after long time. day trade only.
It sliced thorugh 20 sma and moving up. rasing my stop. if it goes through 1068, cal may be right and we see 1080 +-
ReplyDeleteHi samamehta, Thank you very much for your updates.
ReplyDeleteLorita
We have turned down in the larger cycle into Jay's Low dates, but they never make these sell-offs easy.
ReplyDeleteAnyhow, this rally should be heavily shorted once it peters out tomorrow morning or afternoon.
CAl
Reza,
ReplyDeleteJust wait till the trend changes.
I'm still flat.
Irrespective of one more up due or not, this is likely now to be a regular 1,2,3, 4, 5 from 978.51. ED is out.
ReplyDeleteTherefore, 4 can not go deeper than 1 top at 1039.47. If we do so, something else is going on. Namely
* 991 being end of B not 979. And we have 2,3,4,5 of C ahead, not just 4,5,
* OR 979 was B. And 1075 or plus is all of C
Thanks Victor
ReplyDeleteI rasied my stop again to lock in lunch money. it needs to go thorugh 1067.5 --1068 then it is up until we are done.
ReplyDeleteI am no Ew expert but could it be
a: 1074 -1061 = 13
b: 50% 1067.5
c: = a to 1054?
I am out of long position here. to ensure some profit. will get backk in after it corsses 1068
ReplyDeleteThe acceleration UP is coming at any moment now.
ReplyDeleteCal
BOOM!
ReplyDeletecal
I am back in long. crossed 50 sma
ReplyDeleteCal you are cool man
ReplyDeletesold 1067.7 stop 1071
ReplyDeletechew up some time in this small consolidation.
ReplyDeleteShould now oscillate UP above an important moving avg. I watch.
If that MA breaks support -- I'm out - take my money and go short.
Cal
that is my plan too. keep posting
ReplyDeleteits not dropping,taking 0.6 profit and playing the watch and wait game again.
ReplyDeleteon a 5 min. 20 sma is about to cross 50 sma that should yield few points to up side
ReplyDeletehere we go --up
ReplyDeletecal where does it stop?
now it did cross i.e. 20 sma up over 50 sma. let us see what does it bring?
ReplyDeletedo not know what is happening. double top for b and satrt of C down here? I am out of long at 1065, if it reaches there.
ReplyDeletetheoretically possible to go to 1055 in a 3-3-3 and stil be correcting only iii of (v) of 3; before going to say 1082
ReplyDeletegot stopped out of long. wait and see
ReplyDeleteMay be doji today and big down on Monday as Flash is warning about 21?
ReplyDeletejay jump in here
Flash says it's 3 legged because there are converging cycles at play here.
ReplyDeleteSally
so today was supposed to be "big down day" Market's pretty strong if that's the case. We might retrace to test highs tomorrow. Look for a definite break in trend b4 shorting imo
ReplyDeletety
Mortie has corrected his call: Looks for 1040 to end w4 and possibply w5 to 1100? a must read blog
ReplyDeletehttp://bostonwealth.net/2009/09/17/morties-eod-analysis-17sept2009-big-call-tonight/
was going to take the chart of the W4 I posted today and use it instructionally for a beautiful W4 and beginning of W5. BUT then I looked at the bigger picture and realized something didn’t look right. When you look at charts all the time, you get a feel for what the market is doing. I set Advanced GET up to evaluate my longer-term chart and it agreed with my intuition. We are still in W3 according to my software and my own count. The correction we had today was not deep enough to be a completed W4. I think what we saw today was Wave A and Wave B of W4. Wave C should start tonight or tomorrow and it should be an impulsive move (5 waves). There is a clustering of very typical fibonacci targets at the 1039′ish level, that I am making my primary target for the end of W4. Let’s see if Mortie gets another dog cookie ~ or goes into the “dog house”.
I don’t feel badly about the calls I made today, even though I was on the wrong page. The fib levels worked out for some great trades for me. I caught the end of what I’m now calling Wave A. Fortunately I was using another starting point to analyze the move that gave valid fib levels for Wave A. I basically traded my ellipses after that because they agreed with other indicators and pattern, and seemed to be at the right levels for reversals.
Mortie's scenario fit well with jay's. see 1040 by Spt 25 and then a big wave up to October 10 the grand finale when the fun begins.
ReplyDeleteJay,
ReplyDeleteAre we looking at a gap down tomorrow based on today's weak closing
Thanks
It's going up tomorrow morning from flat or a Gap-Up.
ReplyDeletemini-jay
Need a new thread Jay
ReplyDeletethanks
Sally