Even tho i dont agree with ALL HIS LABELING,the OUTCOME for Monday is STILL LOWER to spx 1000 area
OFFERS a GREAT short term buying OPP for the next rebound into 7th till about 1pm
Oct 7th is an 8day high
making Oct 8th an 8 day TURN
If Monday makes a low at or near spx 1000 at the
JAYWIZ cycle pivot @10:43 to 11am, that might be the LOD
As far as labeling Monday's low might be considered wave [i] , not iii nor [iii]
Wave iii of [iii] seems on schedule for Oct 8th to 20th and could break out into 5 waves also.
Flash has posted b4 lows at or near Dow 8450
Hadik has similar targets for for NOV 13th.
more later
Jay
18 comments:
Hey,
What you mean by "Wave iii of [iii] seems on schedule for Oct 8th to 20th and could break out into 5 waves also."?
Does this mean for a bounce on those dates?
Thanks for your work!
why does that DENOTE a BOUNCE?
Jay
Someone posted this one as a thought, Jay does this line up with ur strategy, to go up to form the right shoulder Oct 7&8
http://content.screencast.com/users/Fuji-san/folders/Jing/media/eaf41d8b-e010-4f4b-b550-7d3eb9fbc693/2009-10-03_0936.png
FROM MAHENDRA"
Yes, I see some serious corrections in the coming, shorter period which will siphon off all liquidity from traders' hands. I am too concerned about whole situations and this mighty trend can start from either on 29 September, 1 October or, at the latest, with 100% certainty within 48 hours from around the 13th of October. The most interesting part of this fall is that it will last a very short period of time, with maximum duration of between 5 to 6 weeks but speed of downward trend will be beyond our imagination.
During these 5 or 6 weeks stock markets can fall around 39%, metals can fall around 45%, and the dollar index can rise more than 25%. A few day’s some futures markets can fall limit down, and metals can close limit down in a few straight days, so could some currencies. The whole situation will arrive suddenly like a tsunami or Pearl Harbor, which might wipe out many investors and some sizable financial institutions, will disappear
As the START of PRIMARY 3, I can agree with Mahendra
Grodnyc & Reza
As for Next week
Monday should end the first wave down and maybe call it [1] of A
that means [2] of A is next and could recover as much as 78.6% of the loss -estimating 80 pts from 1080 to 1000
X78.6% = 63 + 1000 = 1063
The FUn begins with 3 of A
From the 8th to the 19th.
As I WROTE b4, can also break into 5 waves, but because the time span is so short, any BRIEF rebounds should be just intraday
Some astro techs have proposed a 2000 pt loss ending NOV 2nd and or 13th
I cant say that I have a lock on that yet, but LETS TAKE IT ONE STEP AT A TIME
What good is attempting to peek into the future for NOv, If we dont make MONEY NOW in OCTOBER??
more later
Jay
Im using SIMPLE Elliott terms above so refer to Daneric or Alphahorn for correct labeling
You can get to them thru Red dragon at my LINKS on the main page- He has an IMPRESSIVE listing
of blogger analysts added to mine offers MORE than anyone could ask for.
Im glad we have discovered some really good Elliott charts to assist Ravi & I delineate price levels.
more later
Jay
Reinstated shorts at ES 1021.75, stop ES 1022.75
We're rallying hard tomorrow. We are not going down 5 days in a row. Late shorters will get crushed tomorrow
tcs
Anon
tcs
IF your ALREADY LONG, PLEASE
tell us so we can understand WHY your so bullish
I left ONe small short position on the table, and intend to get long at 9:45
Rally Monday- YES -- HARD - not really.
BIGGER gains will come late on 6th and 7th till 1pm
Jay
tcs
you got that right. Monday won't see a new low.
truncation baby, truncation.
polly
I don't think SPX can go below 1020 too much and be happy. If it does, then I don't think we can stop at 1008 or 1000 or something thereabouts - we clear way all the way down to 900 - 200-day ema. In fact, if the bull case is alive, it better bounce now...
jay i follo you from Italy, i don't understand well the waves but the P3 has started or not? We are waiting for new top?
Giovanni, italy fan
Damn jay, your calls have been way off lately...we're rallying today, not down
c
Hi Giovanni,
great to know your there
all the way from Italy.
P3 has started and will last TILL March 2010
This month - IT WILL become OBVIOUS from the 13th to the 19th
As we have ONLY begun wave 1
To see how waves develop go over to red draggon from MY LINKS on the main page. He has links to Danerics charts & blog, Plus Alphahorn and others
Dont be an island- please read other work to get your own concensus of opinion
OCT 2nd LOW appears to MOSt to be VERY BULLISH, and it looks like a good start, but power index says it languishes a day- check out wave development at Daneric, and MAYBE Ravi can ALSO shed some light on where Elliott is right now.
A strong rally should become more obvious tomrrow by close and on the 7th up to 1pm
Jay
Jay
u talk as if elliot wave is a swiss watch. It's obviously not.
Also, u should encourage traders and newbies to do their own work instead of fostering followers.
kk
kk
You are RIGHT and I never ever FOSTERED FOLLOWERS
THOSE NEWBIES who THINK they have found the golden ring will ALWAYS
be disappointed.
THIS IS WORK & NOT an easy ride
In addition to MY list of links GO TO RED DRAGOn
His list & MiNE of links will give any trader a greater perspective
You can also enter trading courses provided by Oscar or compile your own data base of technicals, etc.
Jay
thanks Jay
kk
Ty Jay, but you have a low target about P3? Someone refer 400 of down jones...
Giovanni, Italy fan
Giovanni
I must decline to answer
There are ALL KINDS of projections for the spx & dow- SOme are outrageously LOW
MY only projections are for the next few days, or weeks
Whatever I project NOW for next year will be LONg forgotten even a week from now
However, the Kondratief wave says we are in the WINTER season till 2012 - for whatever that means in terms of prices levels
and since weve already seen the
WORST decline since 1929 in relative terms, then look ahead
- ARMSTRONG has dow 4000 as target
See if you can Google or bing others and come up with a target and date.
try www.contrahour.com
Jay
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