Wednesday, October 28, 2009

Free fall

This DESCENT from 1101 doesnt stop on stochastics

It takes a critical CYCLE pivot which
ONE MORE TIME
is TOMRROW at 10;30-11am

Jay

19 comments:

  1. thanks for the update Jay

    ReplyDelete
  2. 3:35 pm nailed the LOW

    MACD hit a V
    OBV hit a V
    ULT hit low at 20

    Sold Mkt guru TZA,
    and partial holding on bgz

    Will GO long tomrrow at 10;30am
    TNA, maybe

    ALSO SOLD DJVWR@ 1.57 which was bot for mere 62cts

    Still holding some short for tomrrow AM.

    SPX got to 1042.18 off 59 from high= 40 + 20, but 1037 is the 78.6% level to watch.
    RUT broke Oct2nd lows

    NOW we SEE that the 60 bar cycle DID NOT HIT at 4pm, thus it must occur at OPEN.

    Jay
    Jay

    ReplyDelete
  3. Anonymous3:54 PM

    Hey Jay,

    You're in your element now. You definitely make more accurate ST calls in a BEAR market.

    tlc

    ReplyDelete
  4. TLC,
    YES, I realize that, but
    Im really GOING TO TRY AND AUGMENT that
    and become a BULL When its TIME to be a BULL

    Jay

    ReplyDelete
  5. Anonymous4:04 PM

    Jay

    Looking forward to it.

    Cheers

    tlc

    ReplyDelete
  6. Anonymous6:09 PM

    Cautious everyone. I don't see any real rally until Jay's Nov 2-3 low. Just stay short. Everybody's jumping off the train.

    Gilbert

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  7. This comment has been removed by a blog administrator.

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  8. Anonymous7:50 PM

    Oh GEZ now potty mouth kirk is spreading his poly garbage here too.

    Since when do we need his spew on a trading board?

    zzzz

    ReplyDelete
  9. here is a scenario:
    1. Max down to 1035 tomorrow or bounce from here 1040
    2. Bounce to 1062 --1070
    3. By nov 2 --drop to 1024 or 1016

    That means a 40 to 50 point drop between fri and mon nov 2.

    from Nov 2 makt will move towards new high only to fail

    ReplyDelete
  10. Anonymous8:02 PM

    Hey zzzz

    Maybe kirk should go back to selling his timing service he had a few years back. No wait, he couldn't do do that right either. I know as I was one of his subs.

    C

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  11. Anonymous8:08 PM

    and it was Bush SR. that advocated the NWO so what's potty mouth kirk whining about now?

    C

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  12. Anonymous8:14 PM

    C

    You're correct.

    Cal

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  13. Anonymous10:53 PM

    I was just at KIRK's blogsite.WOW.

    These are just the kind of "taliban" christians that scare the boogers out of me. The kind of hypocritical, radical, crazy "john hagee" types who have no idea what they're talking about and would wage war in Christ's name without batting an eye.
    They have no qualms about shoving their "brand" of faith down your throat and deal only with absolutes. No shades of gray in their reasoning.
    A million people have died in Iraq, more babies are being born deformed because Bush pandered to a brainwashed republican "christian" evangelical base who go gaga everytime Bush used the word "god" in a sentence.
    These are exactly the type of people you want to keep your kids away from lest they steal their freedoms and rights and make you slave to a fascist totalitarian regime no different than Hitler's SS.

    Judith

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  14. Anonymous11:08 PM

    BTW the reason I covered today was not because I feel we are near a big bottom, not even close.

    My schedule for the next several weeks will have me away from my desk a fair amount so I took what ended up to be about 55 SPX points to the bank.

    I think my schedule will find me near a computer at the next I/T low if my cycle work is correct. I'll post then if time allows and if things are kept clean here.

    The foul language posted by Kirk over the weekend and political links on a trading site are nothing but a problem. This has been seen many times on other sites. Kirk had his political links banned on TT.

    For the record I'm generally a conservative but don't care to be in the middle of a mud slinging match that might erupt if this type of behavior continues.

    I guess what I'm saying is I'll refrain from further donations here until I see things improve with name calling etc. Ya so what, some might say. Fine then.

    It's Jay's site and if he wants to support those that act like children, then so be it. I'll simply exit like a few other good traders have done and wish the rest good luck.

    Cal

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  15. Anonymous12:03 AM

    Hi Jay...

    Does Nov 2nd still look like a bottom day or did you change that to tomorrow?

    ReplyDelete
  16. Anonymous12:09 AM

    Hi Jay

    Will Nov 2nd still be a low or have you moved the bottom to tomorrow?

    ReplyDelete
  17. Anonymous7:13 AM

    Cal

    Hope you change your mind and come back if things arent cleaned up. The trades youve mentioned have been spot on.

    I agree that politics and kirks foul mouth have no place here.

    Sid

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  18. Anonymous9:28 AM

    Lost 2 days of dollar growth in 2.5 hours.

    Looks like an up day right from the bell, with a low hit around 11:51

    Bets are off if the dollar turns, UUP

    ReplyDelete
  19. CAL & Judith
    I agree with you BUT as bloggers, WE ALL seem to get some people who want to express other ideas.

    I dont agree either with RADICAL views and expressing those views here is NOT acceptable, and will be removed

    Jay

    ReplyDelete