From BINVE @ market thoughts blogSpx hit 1105.37 at 10:30 ON THE 39 HOUR cycle from OCT 3rd low at 10;30
which related back to OCt29- 16th & 7th
was an also 8day high & turn
Some had the Bradley as the 9th,
my study showed it as the 10th thus the 11th is right on schedule
I am out of the office this am & will be back after 11am
Jay
I'm Loooooooooooooooong
ReplyDeletehehe
x
Rrman, are you still with the FAZ, target 26
ReplyDeleteyep sure am daily stoches are turning down on most everything
ReplyDeletehttp://3.bp.blogspot.com/_fnpRKyzF_UA/SvwI64IN0UI/AAAAAAAAADQ/UzOGu83Qfcw/s1600/FAZ%2B-%2BSharpCharts%2BWorkbench%2B_%2BStockCharts.com.jpg
buy at the buy zone sell at 24+ and vice versa every month regular as a clock
http://3.bp.blogspot.com/_fnpRKyzF_UA/SvwI64IN0UI/AAAAAAAAADQ/UzOGu83Qfcw/s1600-h/FAZ+-+SharpCharts+Workbench+_+StockCharts.com.jpg
ReplyDeletec'mon reddragon
ReplyDeleteI'm adding Longs !!!!!!!!
woooooooooohoooooooooo
x
I'll buy FAZ tomorrow
ReplyDeleteright now I'm Long.
x
dollar ramping but spx not going down might be a delayed reaction we should be at 1070 with /dx at 75.68
ReplyDeleteNice bottom in oil. Buy UCO.
ReplyDeletety
This is probably it for the downturn. Expect choppy sideways trend for a few days...or we might even break higher still. Just look at dailies for past several months and you'll notice the topping patterns in October and September.
ReplyDeletes
permabears at xtrends gonna get rocked for chasing this. Daytraders who know what they're doing are already out of the short from this morning. Time to go long, buying tna here w a loose stop
ReplyDeletet
Hi Jay, took your advise and sold many Longs yesterday, kept just a bit for me and my parents. You see on the TSX we did not break 11300 this round so I should have held.... but I figured the upside risk outways the downside. Plus I was early to get in so I will be early to leave,,,,,, Can we actually go to 1130 without a 10% pull back?? Who would be buying, we need the BKX and OIL stocks to march the same road up. Who is buying at these levels? Maybe to catch a Yr end Rally??
ReplyDeleteThanks
Joseph
1077 close is my read today
ReplyDeletethanks Jospeh
ReplyDeleteGood to know that someonw is reading and making the right choices
rrman
1077 looks ok to me
the gap on the 9th was at 1070
could catch a short term low tomrrow at 10;30 to 11am
1105-1029= 76 pts
50% off = 1067 right at the gap
Jay
Rrman, Im not sure that will happen. If so its great I sold yesterday but I dont see that happening just yet.... even though EUR/USD is taking a hit. I suspect the FTSE, Asia need to start the big hit down for us to follow with a big down hit
ReplyDeleteWill see
Thanks
Joseph
9 more points to 1077 and an hour to do it...
ReplyDeleteRrman,
ReplyDeleteDo u think we can make it 1077
I will be looking for lows at 10:30 to 11am tomrrow or possibly 12:30 at the latest
ReplyDeleteI guess it will be 1067 or 10:30, whichever comes first
end of day looks UP according to
the power index - propens yet to confirm
Jay
be close but I'm looking for Jays 1067 before 10am bet they take the futes down tonight like the love to do to screw the daytraders.
ReplyDeletefinally topped,im looking for a drop and pop tomorrow.with the low for this move on the 19th.1020 is a realistic possibility.delta says we zoom on up again to yet more new highs sometime in the second week of december.
ReplyDeleteafter8
ReplyDeletethe 19th has negative connotations
BUT
it follows a STRONG 17th after 10;30 & 18th till 1pm
IS only a 1day minor setback within a rising trend to the 25th
Jay
S - T - & x
ReplyDeleteHope your not getting creamed here
wish you guys would log in as followers
thanks
Jay
and welcome member #81
just realised my mistake,if my count is correct we cannot go below last weeks low until after xmas jay.looks like a sideways range for a while 1030-1100?
ReplyDeleteI quuadrupled the size of my Long position at close.
ReplyDeletex
Jay,
ReplyDeleteI hear you and I don't know why anyone would not want to login. We are all going to very wrong on some trades and very right on others. Why do people need to make fun of others for not being in the same trade? If someone is long while the majority of others on this blog are short, so be it and best of luck to them... and I sincerely mean that. Maybe by sharing we can all become better traders in the long run.
Enough rambling but thank you Jay for this blog and your opinion as it is much appreciated. And thanks to the other posters for posting their viewpoints as well.
thanks Spratman
ReplyDeleteTRIN 5 yesterday @ 3.89
Arms 5 @ 77.8 short term internal SELL SIGNALS
Previous occurances
June 29 dow @ 8529
July7 dow @ 8163
366 pts in 5 days
May8 @ 8575
May13 @ 8285
300 pts lost
Feb 24 8529
Mar3 6726
625pts lost
Jay
aftr8
ReplyDeleteI noticed your mention of Delta. i was intrigued with it, and followed Ron Rosen's work for a number of years. It was not a good experience. Rosen combined Delta with Elliott waves, etc. and it was an awful experience. Have you been using Delta long?
Delta doesn't work.
ReplyDeleterosen knew it, that's why he used elliotwave to compliment it.
Unfortunately EW doesn't work either.
delta + elliotwave = disaster
ptg
ptg
ReplyDeleteEW does WORK
The INTERPRETATIONS
are just as critical as any technical analysis which of course depends on the ANALYST
The problem that exists is HOW to VIEW the past wave and what does it mean for the next wave.
SO, please dont make blanket statements, and that goes for anyone here or elsewhere
We do NEED to back up our analysis
with data and insight
thanks gain for all your GREAT constructive comments- we ALL GAIn from each others thoughts
and thats the WHOLE purpose of
coming together for such discussions
Jay