the LOD was at 2;27pm on March 9th
676.53 was the MARCH 9th CLOSING LOW
at 1068.29 the gain = 391.76
391.76/909.31 = 43.1%
38.2% + 5.0% = 43.2%
the recent MAIN cycle LOWS were
Nov 20 - 2008
March 9th -2009
Days apart = 72 / 8 = 9 segments
Some use A 71 day cycle and that was one of them
But more important is the CURRENT cycle
March 9 to first high = 43 days = May 8th
From March 9 = 133 tr days or 44 X 3 =132 as of yesterday
THE NEXT LOW was May27th = 12 days from high to low
and 55 tr days frm March 6th
Which brings us to the current cycle
March 6 + 55 = May27th low to low + 71 to Spt 2nd
May 27th + 89 = October 1st low to low
October 1st/2nd = the next BRADLEY change DATE
MARCH 6th & 9th + 144 = October 1st & 2nd
other cycles ALSO CONVERGING at the SAME TIME
NOV 20 /21 -2008 + 216 days = OCTOBER 1st / 2nd = 4 segments of 54 days
Spt 2nd + 21 days = Oct 2nd = 34 days from Aug 17th & 89 May27
233 tr days OCT 27th , 2008 - which was followed a by a near 1000 pt next day rally
We are NOW 13 days prior to October 1st/2nd where the
NEXT major converging cycle LOWS reside
THIS IS A REVISION to the CYCLE low of SPT 25th
Jay
Jay
March 9th +
18 comments:
Jay:
Where is your cycle hi before the new target for Oct 1 cycle hi.
ravi
I am out of all shorts at a big loss (balanced by big profit earlier in the year)
Reason 1: The third wave extending as became apparent today.
Reason 2: Wedge broken to upside and not repaired before closing.
Until a more likely intermediate hi is apparent after current extended third completes followed by a fourth down and fifth up; I will be taking only intra-day scalp trades based on minor waves.
Will reenter major short position thereafter. 1090-1120-? .
VC system now flat after generous
long profit equal to 17 ES points.
This is History:
W 666.79 956.23 289.44
X 956.23 869.32 -86.91
Y 869.32 1048.19 178.87 0.618 x of W
This is in play:
W 666.79 956.23 289.44
X 956.23 869.32 -86.91
Y 869.32 1158.76 289.44 1 x of W
Keep in mind that October 6,'08 recognition gap around 1090s is a HUGE resistance.
AND 1121.44 is 50% retrace of P1.
These are all potential targets, most likely 1090-1120 range.
Need to play one wave at a time and NO SCALING.
WEd of option week
SPDR PC ratio = 1.22 = neutral
CBOE pc ratio = .66 quite bearish
OEX ratio = 1.00- considering teh previous 5 readings near 1.50 make this bearish
SPX 500 ratio = 1.08 = bearish
WED of OPTION week, NOW theyve got the retail BULLS buying
What would they do next?
Remove the CALL premiums and end at 00000 by Friday
The exchange gets to KEEP all the $$ that way
Jay
according to Mortie, who made perfect calls last few days, drop to 1058 ES then either contnue drop or bounce to 1068 ES i.e. 1072 spx? Or gap up to 1068 ES and then down.
http://bostonwealth.net
Did we just see the top today? I agree tomorrow could be a big red day.
yt
Futures crashing after unemployment report, S&P down 1 point
Looking for correction to 1063, before move towards 1075 to possibly complete (iii). The correction to 103 will backkiss broken wedgetop.
Yep.
Buy the Dip this Morning.
Going into OEx on a High.
Carl
Samamehta Thanks for the update from Mortie He is very good Eric
why don't you just read Mortie's blog yourself eric.
too lazy maybe?
fu
Aspects keep rally alive
Saturn 180 Uranus on 15th = EUPHORIA.
SLOW moving planets keeps euphoria alive on 16th and 17th until SUN 0 Saturn AT 2:23 Pm today, and maybe even 3pm today.
TOmrrow, however has some big changes in store for attitudes and of course price levels as SELLING PRESSURE explodes.
A LOW at 1:30 Monday should setup a strong REBOUND on the 22nd to be followed by a continuation of selling into the 25th
REMEMBER the 25th is a BUY , and the BAR cycle converges with 28days from Aug17th low @ 10am
Psych read calls for EARLY STRESS
NATURAL energy offers an EXPLOSIVE rally on 28th to 30th.
more later
Jay
NOW, What does that DO to the OCT 2nd FIBO convergence low
IT places it in the MIDDLE of the NEXT UPDAVE to OCT 13th HIGH
YOU will remember, I CALLED FOR OCT 10th HIGh in AUGUST, but its NEVER a STRAIGHT LINE, even thos Spt 2 low to 17th high looks that way
MortiES' Intraday Update 17Sept2009 ~ IMO in W4 and should Bounce into W5. http://tinyurl.com/my6akk $ES_F$$
he is seeing low for w4 as 1061-1062.
i am out and long for the day with tight stop
where are all the anon's today do they hide on the down days?
I haven't seen Swinger even a bit bearish since before March...Intersting what he just put out while ago...
swinger 9 minutes ago
Looks like we have top-spotter setups across the three major cash indexes at the close and on ES (but not NQ). Bottom spotter on Dollar is also in place off the 76.20 target I mentioned a while back, which is interesting.
The countertrend spotter entry trigger is a close below today's LOD. Protective stop is today's HOD for you wild and crazy knife catching types.
ES top tick was right at my target line--but not many contracts traded at the highs today on that quick spike.
Ideal IT and ST trades sell partials right here at +179 points and +63 points respectively. (yay!) Will put those back on either at a continuation buy (spotter invalidation) or at a pullback to support.
So...if tomorrow starts down and blows through the lows, then maybe the bears can finally get a little something going off this resistance. If today's highs get taken out then spotter is invalidated.
Strongly trending markets tend to ride the ST primary support/resistance, so first downside target for ES is 1024 if the spotter confirms...and next would be 980 if it picks up steam.
Not too bad of a gain/risk profile for the countertrend guys here at 4.5:1, but that ain't my thing.
Post a Comment