IT seems obvious that the LEFT shoulder is WAVE 4 and 5 of the previous degree
and the RIGHT shoulder is
wave 1 & 2 of the next degree
noon hit the low so far at 220bars rather than 228, and 12;45 pm is on the rise toward 1pm
A more serious drop should occur at the 3pm pivot low on 258bars and Moon 90 Uranus
that should offer another BUY OPP for today's close and tomrrow's OPEN
Jay
This market is stealthily heading back to old highs at 1100. Funny how so many bears are missing this rally. We should easily break 1070 today.
ReplyDeleteptg
ptg
ReplyDeletethere's inter-market neATIVE DIVERGENCE GOING on. I wouldn't marry that new high just yet. 1066 is stiff resistance'
Billy
Good call jay. We just broke out. 1070 should hit easily now and then off to 1080 tomorrow.
ReplyDeletex
Wow, market is super strong. It's just flat out ignoring the huge move in the dollar. We may be going way higher now.
ReplyDeletety
you gys keep dreaming bout "way higher".
ReplyDeleteain't gonna happen till December
phil
why won't ths friggen market crash?!!!!!!
ReplyDeletepinky
back long at /es 1062 dollar looks too weak
ReplyDeleteUnless something substantial happens in the next 10 minutes
ReplyDeleteI will not be buying long
1055 would be great at 3pm, but its not looking that way.
Activity index is languishing at the 100 and 66 level indicating weakness end of day
Yesterdays 4pm low might have elongated the 258 bars to 270
or from 3pm to 4 pm
If that turns out to be the case, then a high tomrrow might only make it back to 1066. but we still have to wait out the close
b4 making that judgement call
Jay
pinky
ReplyDeleteCan you hold your breadth till next week??
gggg
Jay
PROPENSITY INDEX
ReplyDeleteDrops at close today
BUT
ROCKETS higher tomrrow-
Just got a new reading and wow is all I can say.
SOO, adjusting my thinking to buy a DIP at close - since 3pm provided dow 10K
Jay
Good idea jay, market's feeling strong here against the dollar. Once the dollar comes back down, there will be nothing holding the market from hitting 1080.
ReplyDeleteptg
GAP-UP tomorrow morning.
ReplyDeletetlc
Fred's got a fractal target of 1073.
ReplyDeletetlc
Great call on the rally into Friday mode and 1080. We're on our way. But I'm not sure why you wavered a little by saying they're would be a drop at 3 today. Anyways, you're mostly right.
ReplyDeletex
Wow, there's an awful lot of head and shoulder's talk out there in the blogosphere, including jay. This was the same sentiment back in early September. This rally might just continue into December with that sentiment. Keep shorting, I'm staying long from yesterday.
ReplyDeletesteve
X
ReplyDeletethere was a MINOR setback at 2:52 pm
right ON the Moon 90 Uranus
it didnt amount to much on teh downside, but it did BOUNCE over 10K and 1066 at 3:20pm
NOW backing off into 4pm as indicated would be a the next buy
at least for me
As I wrote
PROPENS index drops off late today
AND
ROCKETS HIGHER tomrrow AM.
might make it to 11am or 1080, whichever comes first
Jay
shorted the close for a pull back before Jay's midnight tidal sign we are at the top of the Channel
ReplyDeletehttp://tickerforum.org/cgi-ticker/akcs-www?getimagenr=50688
ReplyDeletestill holding from last nights close,im not a happy bunny! i was looking for a low sub 1029 tuesday. if we dont get it and its a high instead,that will almost surely mean this week will be the lows for the rest of 2009.if that is the case it will be a very costly lesson for me.for now still holding short.need some downside starting early tomorrow,hopefully the non farm payrolls can be the catalyst.
ReplyDeletemight want to watch a gap fill in ah hours i am short but have a buy order at 1050 to cover and another buy order at 1046 for my long position just in case....
ReplyDeletehttp://2.bp.blogspot.com/_Hkg586o685o/SvMLEJpIcjI/AAAAAAAAE6w/CBeoiz4NT54/s1600-h/ES_5_min_intraday.png
http://mrlinvestments.blogspot.com/2009/11/market-is-putting-in-nice-head-and.html#disqus_thread
ReplyDeleteIs there any blogs that don't see the H&S scenario? lol Good luck bears.
ReplyDeleteBe prepared for huge gap up on employment number and then consolidation to make bears nervous over the weekend. Too many are thinking we go down tomorrow morning...not happening.
ReplyDeleteptg
We're off to new highs. For once jay's somewhat bullish by calling for 1080. I think we break new highs this leg. Too many bears. First it's a bear flag on dailies, then it's volume too weak after we break flag, then it'll be a doji, then 1080 target hit for h&s or whatever as we continue higher...too funny. When we break 1100, then shorts will finally cover so we can go down for real
ReplyDeleteout of the shorts back long no gap fill....
ReplyDelete