Sunday, October 25, 2009

SELL the RALLIES

from chart pattern trader - link to red dragon to see more

About to SPILL ITS GUTS

Link to HELGE to see His expectations for Monday

Mkt has TURNED THE corner

BUY the DIPS for SHARP rallies of SHORT duration

Oct26th LOW should get a 2day rally with a high at 2pm on the 28th

Nov 2 as described b4 should get Nov 5th rebound high,
but more detail on that later

Jay
at

12 comments:

  1. Jay Strauss8:35 AM

    Timing still suggests a lower day today, but bulls can take advantage of an expected rebound next 2days
    Jay

    ReplyDelete
  2. Becky9:01 AM

    What happened to gap down on Friday,
    or Monday?? What happened to big decline to under 9000 by Nov 2nd?
    If we are still above 9800 by Nov 2nd
    then your method is invalidated.

    ReplyDelete
  3. Anonymous9:51 AM

    Potty mouth kirk and his web bots got blown out this AM

    Hm another perfect fade call?

    ReplyDelete
  4. Anonymous9:53 AM

    Ya they blew it but it'll come back down soon.

    Cal

    ReplyDelete
  5. Unknown10:04 AM

    Well.

    Seems things arent going too right.

    My forecast would be a uptrend all the way till Mid Dec I.E 13 DEC.

    hope its right!

    ReplyDelete
  6. Anonymous10:05 AM

    cal

    how soon is soon?

    i think thursady's low is now the breakpoint. Break it soon and you can hold it till mid-nov. But I don't see a negative day today at all.

    mary

    ReplyDelete
  7. Jay Strauss10:16 AM

    Becky;
    I dont remember writing under 9000 by NOV 2nd - dont know where you read that, but I dont usually project price levels - mostly dates.

    however, NOV 2nd is STILL a prominent low pivot coming shortly.

    Even IF we dont get anything to break down sooner.

    The MAIN trend has shifted till MID Nov, but it does take time to roll over and when it happens
    Its unexpected

    And YES Lemonlime, DEC 18th could usher in a severe year end sell off to the ECLIPSE on the 31st.

    Thanks for your constructive comments
    Jay

    Jay

    ReplyDelete
  8. Jack10:29 AM

    Now we're talking about DECEMBER???
    Let's concentrate on October. What is the outlook for this week till
    Nov.2nd??? Please clear and concise.
    Thanks

    ReplyDelete
  9. rrman11:03 AM

    calm down guys look at the 15" chart on S&P, GS, FAS we're just testing the highs we have 3 lower highs now on all three....faz 3rd higher high its a gift for daytraders but we're going down.. markets never go str8t down ride the waves...

    ReplyDelete
  10. Jay Strauss11:21 AM

    thanks rrman
    At least we have one experienced trader here

    Jay

    ReplyDelete
  11. Reza11:30 AM

    Thanks Rrman, also others as Vic, Cal, Sam, Tyler, after 8, of course Jay

    ReplyDelete
  12. Jay Strauss11:38 AM

    NOW, theres a PLUNGE we cant ignore

    typical 11am-11;15 turn

    Jay

    ReplyDelete