Futures change FOCUS for the OPEN
SPX lost 60 pts and now should REGAIN at least 20 pts to 1060
TODAY and part of tomrrow.
STILL should DROP off after the OPEN ~~ JUST LIKE it did on NOV 21st, 2008.
It would appear the E MINI did get to 1037, but the cash mkt did not
STILL got NOV 2nd, and NOV 3rd in RETREAT
THAT SUN 90 MARS had its effect yesterday and did have an effect on ASIA overnight, but its
INFLUENCE has past and now only cycles remain as the influence for today
Power index shows potential for big day today and im waiting for Propens index to catch up
and show me what to expect tomrrow, but for today it also agrees with a rally.
Jay
so are you long now or going long at 1030 Jay?
ReplyDeleteThis is a good time to reload shorts, we're going back down and then selling off into Friday. Real bounce comes Monday.
ReplyDeleteout of my longs going short /es 1051
ReplyDeleteclosed fas in ira out also 73.75
ANON- I THINK you are a bit premature to get short right here - might be best to wait for tomrrow AM after the open, but my propens index will show me that later today or early tomrrow.
ReplyDeleteIM flat [in cash] as i did NOT have a chance to get long but might do so with any retreat between 11 and noon
IF no retreat of value by noon today, then I will just HOLD off and reshort TOMRROW after the open.
YES, NOV 2nd and 3rd are STILL potential for spx 1020
Jay
ok jay I see 1030 as a target but looks risky would have to have a 1055 stop
ReplyDeleterrman
ReplyDeleteMath for today
SPX lost 60 pts to 1040
out of 80 potential back to 1020
which = 75% near 78% fibo
= 1037 on e mini.
Retracement Up
60 X 38% = 23 pts to 1063-65
60x 55% = 33 pts to 1073-75
and you can do the other math
IMO, Since it did make it down to 78%, and NOV 2nd is STILL a target for a low, we might still expect a 100% loss of the 80 pts and maybe a bit more.
its 11am and they DID drop back into 10:30-1045 then at 11am are now heading north again.
the next cycle pivot is
90 bars at noon
then
120 @2:30
This shows me nothing to prevent a strong close, but the propens index is in conflict showing possible lower close off the day's highs from 2;45pm. and there is a moderate negative merc/ moon aspect at 4pm today.
MORE IMPORTANT is a HIGHER OPEN TOMRROW for where ever that takes them.
IMO. I see the OPP for a great SHORT, even if only a short term hit to 10:30-11am tomrrow
heres why
Moon # Uranus at 10:41 = ERRATIC JOLT and that aspect occurs at the same time as 150 to 156 bars.
at 10;30 to 11am.
Jay
Mutual funds close their books
ReplyDeletetomorrow, so this may act as support till Monday.
Breaking down now, good time to enter shorts
ReplyDeletex
x
ReplyDeletetooo soon
Are you serious or just taunting me
some traders might get the wrong message from your comment
SINCE you were SOOO booolish yesterday at 1pm
Jay
added some faz at 21.25 thinkg 1059 was it target 1040
ReplyDeleteWho is this Mr. x, at least identify yourself, so we know.
ReplyDeleterrman
ReplyDeleteinstead of targeting a price level, why not target a TIME such as 4pm today
Using traditional elliott
we should be in the middle of an ABC and the C high looks like TOMORROW at open especially with positive or at least not detrimental employ numbers
9:45 to 10am tomrrow is 39 hours from the LOW of last week on the 22nd at 10am - should be lo to high
Reza
X is anyone but certainly some one with a grudge?
Jay
ok so 4pm the low of the b down wave 10am tommorrow the high of the c up wave?
ReplyDeleteclosing last nights long for a tasty 12pts.i was in a bit early,but better that than not at all.may look to long again before close if we pull back at all.
ReplyDeleterrman
ReplyDeleteYUP
Im thinking about shorting at 3pm
but my activity index has not budged from 200 level where its been
all afternoon, but the mkt should YES sell off into wave [b] at 4pm today
And would close that short given the above works out.
Jay
its now 2;30pm
ReplyDeleteOBV dropping
MACD rolled over slightly
ULT weakening
Looks like it wants to sell off end of day, but Im waiting- IF I miss, it so I miss it- will have a much better opp tomrrow at open.
Jay
We havent heard from Ravi lately
HOPE he is OK
If I understand Jay, the best short entry is tomorow after wave C around 9:45 to 10 AM for low towards Nov 2 am bottom.
ReplyDeletethanks
my map for the next 24 hours,as follows...small pullback starting in the next 15 mins,then up to near highs at close.gap down open tomorrow with a low around 10.30 then rallying to close to put the fear of god into the bears,resumption of down trend next week.
ReplyDeleteHi After8
ReplyDeletewe are in opposition SOOO
the PROOOf of our projections will be the 4pm CLOSE today
And yes they should start selling off by 3pm, which gives us the 2;45 high I mentioned this AM.
Jay
i think whatever happens jay,we both agree on more downside to come.bradley date 9th november,another minor bradley date on the 19th(which i sometimes find more useful than the main turn dates)is of interest.
ReplyDeleteNo last hour sell-off. That is why you should follow PRICE, not time
ReplyDeletecycles. There are soooo many cycles
that one always seems to hit. But
not consistently.
The mutual funds are holding this up to make their books look better.
ReplyDeleteThey don't follow "cycles".
damn,
ReplyDeleteIF they HOLD up into the
CLOSE today there might be HELL to pay tomrrow AM, oR that 9:45 high will be IT with NO setback at all
Astro aspects for torrow are not positive such as they were today
Also TODAY is a MIDNITE TIDE TURN
In that case i will hold my shorts overnite
Jay
Jay,
ReplyDeleteI still think "they" will hold this thing up till close tomorrow to make their books and hence, their bonuses
look GOOD. IMHO
Actually James, they might want to continue selling to put cash on the books
ReplyDeleteIm thinking NOW that tomrrow will open badly and close worse
UNLESS they sell off in the next 30 min and they give up about 50% of today's gain
X-
looks like you were a bit early but you may be right about today
Jay
rrman, u still have the FAZes.
ReplyDeleteThanks
yep and short /es
ReplyDeleteCan't fight the 'big boys' and
ReplyDeletetheir bonuses. They have to close them higher tomorrow. Then they can
cash in.
So Jay you think we are in B down now?
ReplyDeleteLong and strong. Why would you short this? Internals were very strong and reminds me of Sept.4 and Oct.5th. We could bust much higher tomorrow to close the month off well now that we formed a base today.
ReplyDeletety
Just look at a daily graph and you'll see that this reversal was much stronger than even Oct.5th and we all know what happens next.
ReplyDeletety
rrman
ReplyDeletetomorrw makes b and probably a c wave as previously described but NOT at the times previously determined
Tomrrow, BOTH power and propens shows a DOWN - UP DOWN, so the close might start the slide, but of course we wont know that until Monday
Jay
Jay
The bottom is in, we are going to rally now
ReplyDelete