Still got the same questionTO THE MOON ??? IMO, NOT here at this point
NO BUY signals were generated by the internals
MY Proprietary Vol & Adv Dec indexes did get to oversold - both under 400 for 2 days
thus the rally today, and my 10;30 dip was very minor- but it was there
so the call to be BULLISH TODAY was a good call
The CHART above
from 1101 down to 1074 was 5 waves = 1
1074 back up to 1095 = possible wave 2
then 3 waves dn-up-dn to 1042 on the 28th
Back UP to 1067 Today for wave 4, which may or may not be complete
NEXT is wave 5 which IMO, completes on Nov 3rd at 11am
___________________________________
BUT this down leg is ONLY part of the correction NOT the WHOLE
There is ONE huge reason for this action at this time
MARS entered LEO on OCTOBER 16th which gave us the first indication that
MARS was NOT a happy camper and wont be happy during this transit till JUNE 2010
_________________________________________
Also note that Saturn's transit of Virgo entered 29 degrees on oct21st
29 degrees is the WILD card of a transit and FUSSY VIRGO sure did start something.
________________________________
28th at 4am of the 29th we had a SUN 90 MARS effecting markets
__________________________________
this wkend and Monday - MARS gets rough with MERc & Uranus = emotional overload
unreliability- ANGER- unyielding- unsafe- hmmm doesnt sound very happy to me.
__________________________________________________
Thats enuf to absorb for now- any more will only get lost in the daily updates
HOWEVER,
THERE is ONE more EVENT this year that WILL SHAKE UP THE ESTABLISHMENT
and cause HAVOC through out the world
MARS will TURN RETROGRADE on DEC 20th and HE WILL JAM ON THE BRAKES
leading to the DECMEBER 31st BLUE MOON ECLIPSE adding to INSECURITIES
and CONFLICTS.
needless to say
WE WILL ALL BE VERY HAPPY TO SAY GOOD BY to 2009
REMEMBER - YOU HEARD IT HERE FIRST
more later
Jay
thanks Jay I appreciate how you are giving us the timelines it seems today went back to the inorganic stick save mode but it seems like your timelines are working
ReplyDeleteJay.... new to your blog. Looks interesting. What's your target for wave 5 on Nov 3rd?
ReplyDeleteWonder if Jay's midnight turn will cause these stubborn futures that have been hanging around 1060 all night to make a move south...
ReplyDeleteHI Sherm
ReplyDeleteWelcome
I really DONT like to put out price levels, and anytime i do that it comes back to bite me-
My forte is TIME - based on numerous data which you will catch onto as it goes by.
BUt anyone can use FIBo to get price levels in either a declining mkt or rising one.
USE MY links to other bloggers and red dragon who also has numerous other useful links.
His daily commentary is short and insightful, and I love his pics.
Whatever LOW we get to Mon / Tues next week should stand for NOv, regardless of some who are proposing armegedon for NOV 13th.
As you can tell from my main page, I am reserving that event for second half of DEC.
UNUSUAL as it seems because we NEVER get any serious damage in DEc due to the January effect, but TAX selling might over ride that effect this year
more later
Jay
BYE BYE BULLS!!!!!!!!!!!!
ReplyDeleteHAHAHAHA
x
Jay whats your read on today still 9am up move?
ReplyDeleteI mean 10 eastern
ReplyDeleterrman, dont u think time to get out of faz and reenter at close
ReplyDeletereza
x,
ReplyDeleteI agree bra, It's heading down just like it's suppose to. It's staying under my VWAP line.
gunther
SHORT IT boys. She's done like dinner. Love them bulls though. They're the ones taking it down.
ReplyDeletewooohoooooo
David
one more push down i think
ReplyDeletecovered 1053 going long for the next channel run up
ReplyDeleterrman
ReplyDeletemaking a big mistake man. You're gonna get spit out. Well it's your money......in my pocket.
hehe
gdf
rrman
ReplyDeleteTHIS IS NOT A DAY to play both sides
Jay
1054 support looks weak
CULMINATION of WAVE {1}
ReplyDeletedue on Monday
Look at RUT
under Oct2nd low
should challenge Spt 2nd low
Thus we should see SPX challenge
and probably fail to hold Oct2nd low
at 1020
Jay
yeah your right jay 1060 is top of channel ill short back there
ReplyDeleteWE're getting a bounce now but it's a Shortable bounce on a lower high. No new highs today until Tue-Wed like Jay has outlined.
ReplyDeletex
GS and FDX are rallying with the 15 min stoches at the bottom i think we get a nice upside for a bit
ReplyDeleteMy VWAP line is rejecting any upside rally attempt. The trend is usually set by my VWAP. Once under it stays under and the opposite is true also.
ReplyDeletegunther.
back in short 1052.75
ReplyDeleteout of shorts now long /es sold faz 1047.50
ReplyDeleteLast trade was Oct8th short from
ReplyDeleteavg. spx 1057 and QQQ 42.07 per VADA
Closed today at 41.40 qqq and 1047.10
spx. Gain on SPX = 10 points.
October gain = 35 spx points.
Will re-enter Monday
Thanks Vic
ReplyDeleteReza
rrman,
ReplyDeletewhat the heck are you doing? It ain't worth it man.
gdf
Reza,
ReplyDeleteYour welcome. Monday is the start of a new month and VADA re-sets after
10:00 am with new monthly and weekly
parameters.
FWIW. The VADA system shows a ST potential target of 1033 on SPX.
ReplyDeleteI do not see Cal - tech's posts here lately. He has been very good along with now Jay, rrman and Vic.
ReplyDeleteJay are you still looking for the high today to short for NOv 2 3 low?
got stopped out going to watch for a while
ReplyDeleteback in short 1025
ReplyDeleteooops 1035
ReplyDeletetargets 1036.75d, ~1024.75, ~1023.50, and ~1022.50d.
ReplyDelete1024 next stop
ReplyDeletecoverne and went long /es 1035.50
ReplyDeleteClosing in on SPX 1033. If that doesn't hold at close then Vada
ReplyDeletehas next target under 1000.
The system re-sets Monday morning
with the new Month. Good Luck Everyone.
testing yesterdays low now if can get thru 1050 would be the target i would think
ReplyDeleterrman
ReplyDeletestill trying?
man o man. How much you lose on commisions already?
try Mon or tuesa
gdf
No way any Rally is going to start from a red candlestick day like today. We need a lower day and then rally from an open to gve us a nice swing to start with a white candle.
ReplyDeleteGunther
just nice to have the volatility back.
ReplyDeleteVADA target of spx 1033 hit. If it
ReplyDeleteCLOSES under 1033 Vada projects
sub 1000 next week.
Victor
ReplyDeleteYou're making my mouth water with anticipation. I know one thing for sure ...Monday will go lower.
Mark
one more push lower to come today,looks like we're tracing out a wave 4 of 3 on the 5 minute chart.
ReplyDeleteFlash is warning of a rogue wave on Monday. NOT good for da Bulls if he's right.
ReplyDeleteSally
But he also says to let go of 50% of short position? Maybe for the very short-term.
ReplyDeleteSo Flash is still short half. I know Simon's still calling for a turn on Monday so he's thinking the dive on Monday will be a quick peak or break below and you gotta cover shorts quickly. Oh well we'll see. I already started covering some shorts but not all.
ReplyDeleteSally
Jay,
ReplyDeleteAny updates about Monday
Thanks
Reza
What a day still long /es holding for a couple of weeks we go up from here I think.....Jay thanks have a good weekend.
ReplyDeleteLow today 1033. as projected by VADA.
ReplyDeleteNext target = 992.
rrman
ReplyDeleteI doubt it. We need a lower candle. Monday. No doubt about it.
x
I am confused about Flash' twitter --very cryptic.
ReplyDeleteI assume that the turn on Nov 2 means now move to the upside.
How one knows what a rouge wave would look like.
Both bulls and bears alike are looking for MON am bounce to 50% retrace say to 1042 and then crash down 1020.
If jay's Nov. 2 scenario works, it would be gap down at the open to 1020, which is not too far spike down little more and reverse up.
Strategywise, if gap up short and if gap down look for long
GUNTHER HAS EXACTLY CORRECT
ReplyDeleteJay
THANKS VIctor
ReplyDeletegood to know
Jay