Chart Via Daneric's blog
I SEEM to remember SOMEONE Else projecting OCTOBER 2nd to SPX 1000
Who was that Masked man ???
OOOOOHHHHH YEH - it was JAYWIZ
Pivot low due at 11;30
I dont think its Minuette [i]
I think its [iv] of previous degree, now looking for [v] of 5 of C
to END the UPTREND From march 9th
I had Written that LAST month and repeated it SEVERAL TIMES
WE Still have ONE MORE IMPULSE wave to OCT 8th and or 12th
Oct 12th and or 13th COULD be VERY SIMILAR to SPT 22nd & 23rd.
On the 12th there is a JAYWIZ CYCLE @ 10:30 and a MARS 60 Saturn at 5pm
13th has a VEnus 60 Mars at 2;32pm
Spt 22nd had a Jaywiz cycle at 10:30 and we topped the next day @ 2;30
No Fed this time.
I will elaborate the fascinating Jaywiz cycle at another time
It has been amazing since I discovered it on NOV 21st at 11.05 AM
more later
Jay
60 comments:
Be prepared for huge gap down on worse than expected jobs report. I doubt any shorts are still holding...only the insiders are.
Thanks jay. Anon is correct. very few are holding shorts. MM have trained us well.
From what I understand from Chanakya: Low 10/02 or 10/06.
I agree with you jay it will be tomorrow.
Rally to 1076 by Octobet 8 and then crash to 902 by Nov 28 or dec. 8.
Let us see how globex is behaving tonight.
I think job info already in the market.
The last time we had this kind of incredibly terrible internals was Sept.1. Next day closed lower so dip buyers before that got screwed. I agree that we'll go down further tomorrow surprising many.
x
If for some strange reason we get a gap up, especially a large one, that'll be an awesome opportunity to reload short.
x
Gap down huge tomorrow...too many dip buyers at the close.
ty
Who are all these dip buyers? It's the late to the party shorts that will get burned tomorrow.
I see the frightened anons cackling again.
Mark
Everyone just piled in short today. Just the kind of fuel for a reversal.
Mark
where do you get that information about shorts not holding. EVERYBODY IS SHORT. Just scan the blogosphere over the last 2 weeks. Everybody was short a week in advance. rotflmao.
Mark
POWER index SHOWS as projected by other means a LOW this MORNING
Better close
AND NOW shows a Possible LOWER low on Monday
MY game plan is to CLOSE OUT shorts this AM, and go flat for weekend
Will consider buying calls on MONDAY but will wait to see how that day develops
THere SHOULD be a VERY SHARP rally NEXT week, for maybe one or two days, but I dont think new 2009 highs are in order.
AS I MENTIONED previously, the RALLY NEXT week SHOULD BACK KISS a descending channel
IT would APPEAR the DREADED october selling has already begun
Today's PROPENS index shows a possible rebound during the day will not survive
Jay
Great work...thanks for your updates!
Like I said, all who were short cashed out yesterday and here we are with a large gap down.
ty
ty
who is "all"? people here on Jay's blog? if so, they are all still short from what I read.
pauly
Oex PC artio = .92 and is bearish
Jaywiz index = .20 and is BEARISH
CBOE pc artio = 96 and is bearish
Only the SPDR is bullish at 2.47
IT shows that The mainstream thinking is bullish FOR TODAY
and thats bearish for the mkt
Dont know HOW many times I repeated OCT2nd convergences
The main one today is at 11;29 am
FLUX indicator yesterday was FLAT
and is same today = BEARISH
Jay
DAMN
Activity index is on the RISE
From 100 to 166 after the open
Jay
I have the 7th or 8th as well and another top the 15th. Upside targets 1083 maybe 1108.
Gannsuntoldsecret@yahoo.com
All Shorts covered @ 1022 SPX
Daneric shows today's open as a WAVE 5
I dont agree
I see it as a THIRD WAVE at the open to the first low of 1019.95
THUS we Should STILL have a 5th wave to follow at the 11;29
time zone
We are NOW in what looks like a 4th wave rebound off the lows
IT is 3rd waves that MAKE OR BREAK
a TREND, and that OPEN wave BROKE the trend
He also counted the previous drop as wave 3, but did not label it at the extreme low, indicating a small triangle; IMO, it was wave 3 and 4, but what followed was wave 1&2 of 5 with 3 at today's open
4th wave now to maybe 11am as the spx is now in upswing as predicted by the activity index
an hour ago.
Remember 11;30 is the jaywiz cycle & 156bars
Jay
HI Ganns untold secret
Welcome
do you have a blog?
Jay
Still holding 100 percent short.
Stop is now 41.45. My avg price is
42.07 so a nice profit is locked in.
62 cents qqqq = 15 SPX points.
Cal, Another great trade for U. Congrats.
at 10:30 the activity index has dropped back to 100
30 to 60 min delay
which would take us to 11;30
Jay
Jay,
No blog, I have been studing gann for 35+ years and do quite a bit of astro. Mostly with the NYSE natal chart. Love your call for a low on the 2nd. Looking real good at this time
Gannsecret
Thanks Vic,
I should've gone long when I closed my shorts. I'm seeing a lot of BUY signals in my system.
This has classic V-shaped reversal written all over it.
I'll wait for cycle trend confirmation to go long but I should've at my pivot.
Some Ellioticians need a way to quantify their waves. This leads to the disparity of counts.
I hope I'm wrong so I can buy more on the cheap. Has to pretty much reverse down here to go lower.
Jay's crystal ball has been working well but when my system corresponds than it's sunshine and moonshine.
11:30 might only provide a [b] wave low within the 3 waves [abc] of the 4th which might last till 1pm and or 3pm
propens index shows a drop off later in the day.
Jay
Closed all shorts at 41.00 for a
profit of 1.07 = 26.75 SPX points.
Now flat.
As we approach 11;30 we see a mid way low, [b] but it would appear that 3;30 @ 204 bars will be a deeper hit to maybe 1015 spx
Jay
Closed ES shorts at 1023. Missed 1012 where the reversed it at the weekly S1 pivot. Hindsight is 20/20.
Looking to short again Oct 13/14 or 7/8 as these are Fed POMO days.
Arak,
Hindsight is 20/20 and also
very profitable. Wish I had it. :))
Long TNA @ 40
Bryan
Long 1026.77 SPX
mental stop just below
All Allan has us at the top of some degree wave down.
curt
http://allallan.blogspot.com/
forgot the URL.
Curt,
Can you please explain what Alan is saying?
OK, I will start to turn paper profit to cash at this level and higher. sold 20% @ 41.15.
Anon what did u buy to sell
"OK, I will start to turn paper profit to cash at this level and higher. sold 20% @ 41.15"
Sorry, I did not sign my name of the last post. I posted I bought TNA @ 40 this morning and sold it @ 41.15 (just 20%). I believe the market will go much higher in the coming days. I will buy it back after some correction.
Bryan
half off @ SPX 1027.40
oTHER HALF RIDE and pending.
Jay,
Should we go short or long over weekend. Seems like ST trend is down
cal are you getting top signal. some Cycle expert see the top at 2:30 pm.
SOld remaining position of TNA @ 41. Seems wave (4) of C is almost done. It is hard to play wave 4 or 5. So I will just wait for some time. Good luck to all.
Bryan
Is Coy here with some signals
Thanks
I am reading "REMINISCENCES OF A STOCK OPERATOR" On page 194, it reads:
"A speculator must have faith in himself and in his judgment. The late Dickson G. Watts, ex-President of the New York Cotton Exchange and famous author of
"Speculation as a Fine Art," says that courage in a speculator is merely confidence to act
on the decision of his mind."
Bryan
I like what I'm seeing so far in terms of the rally. But yes we are at or near an inflection point and close to the top of that particular cycle but no confirmation it has turned down yet. Could get the top anywhere between 2:30 and Monday morning.
I'm out 2nd half @ 1027.94
Thnks cal. it seems Mon am time to go long.
looking forward to your system's call
Sam
Have a good one and to all as well, Victor, Jay at el.
I'm tired and I'm outta here. I'm celebrating the Feast of Tabernacles aka "Sukkot" tonight and this week so I'll be busy.
Cal
have a great weekend cal
Jay, is your 3:30 number still on. how does it noe and at the end.?
short here.
arak
yea bra, hindsight sure is 20/20.
but hindsight is nothing compared to boasting a trade you made that nobody knows you made because you never posted it.
I mean anyone can boast a fictitious trade.
xx
I did see Arak post his trade elsewhere. Although there are people who post fictitious trades, he is not one of them.
L.
Monday gap down
Atilla
Jay,
What target area are you expecting this re-tracement back up into Wednesday to hit? I think the 1060 area is pushing it, as the 5th wave down could go to the next major support at 998-1000.
I'm think only 1040 on that wave 2 back up. I also think that it won't last more then 2 days, just like on the way up from March, the down days were quickly bought after 2 days.
Wednesday looks like the most likely high before a wave 3 starts down. I'm thinking that we already completed the wave 1 down from 1080 to 1020 today, but I could be wrong on that.
Either way, if it's not complete today the Monday will mark the end of this first wave down.
I'm getting exciting about this, as I'm ready to ride the bulls all the way down... (picture a bear with a cowboy hat on riding a wild bull in a rodeo).
Red
Anon xx,
All my trades go realtime on twitter. Sometimes my stops get hit and I don't post them if I weren't next to a puter to see them get hit. My entries are posted with stops for that purpose.
Jay,
Fed must be working to your calendar. POMO days on 7 & 8 and 12 & 13. We probably can expect an impulse to the upside on both days.
Hi, Arak,
What is your twitter username? and what is POMO days?
Thanks,
Bryan
arak,
u don git it bra.
if you don post it here. It might as well be a fictitious trade cause nobody sees it.
nobody here reads yowr tweeter page. comprende esae.
xx
Bryan,
Twitter ID is arak0
XX,
No dice bating me. I honestly don't give crap about your accusations. I post my trades for newbie traders to make money and build a kitty. Not because I want to boast about it. Once upon a time I was a newbie trader as well with a small kitty and trading is not an easy task when you kitty is small. Someone helped me and I'm just doing the same to help other newbies.
I follow Arako, he does post his trades. I follow him on Disqus.
Someone posted this one as a thought, Jay does this line up with ur strategy, to go up to form the right shoulder.
http://content.screencast.com/users/Fuji-san/folders/Jing/media/eaf41d8b-e010-4f4b-b550-7d3eb9fbc693/2009-10-03_0936.png
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