NOT an infamous day by any means but it has had its moments- especially my BD in 1943 [g]THE above CHART is from ALPHAHORN, and imo is right on target
with only a minor variation which I mentioned on my comments at his blog
An 8day high & turn has occurred
trin 5 hit 3,89 and arms 5 hit 77.5- BOTH issuing a short term SELL signal
I posted several occurrances of this past year in which the dow lost
300 to 600 points on similar sell TECH signals
POWER INDEX and PROPENS index are both showing LOWS today
futures are higher, but its only 8:15
A 10am high could be expected given the Consumer Confid report at 9;55am
IF os, then the rest of the day should head lower
GAME PLAN
Sell the 10am high
close out shorts at 4pm
Monday should then OPEN higher
and ALSO sell off leading to a LOWER
open on Tuesday at the 13 day cycle pivot
Monday is
a new moon
90 July 10 low
248 Nov 20 low = 31 segments of 8 days
the reading for the day - DEAL with $$ issues
Tuesday is
91 days july10 = the 13 day pivot at 10;30am
248 days NOV 21st
the reading for today - upbeat & we get the green light
more later
Jay
40 comments:
Happy Birthday!!
Thanks Coy
It will be if the mkt behaves as expected
Jay
just a note
yesterday's activity index started the day at 133, and ended at 66
This AM has been up to 100 after being at 66 & 33 all night
NOW at 66 at 9am
which shows that any rally will be very short lived with or with consumer index
Propens index has come down from 3009 on the 10th to 2980 as of TODAYS CLOSE
It does show a potential higher open with a small bounce to 2986
but the close is at 2980
Jay
Happy b'day Jay!
Best to you!
happy B'day Jay
x
Happy Birthday Jay
THANKS everyone
for the BDay wishes
Jay
WOOOOOOOOOOHOOOOOOOOOOOOOOO!!!!
x
My profits from my QUADRUPLED longs I took yesterday before the close I will parlay into puts today.
Check my post yesterday and please give a daytrader his due...he may be down but he is never out till fat lady gives him his money.
x
x,
Your trade may very well work out for some profits and I hope they do! What price or time zone are you looking at to swap out for some profits. Myself, I'm looking at around 1093-1096 and preferably toward the end of the day.
spratman.
I currently have a 7 point profit on my 4x Long position from yesterday's close and growing. My previous position that went negative yesterday is breakeven and will be postive as we speak.
woooooooooohoooooooooo!
x
X
good work
WE should all take a lesson
obviously your trading skills are excellent
BUt you really need to practice your people skills
And we are really glad to read that your are planning to get short
does that mean you dont expect a rally Monday AM?
We've had UP opens every day this week
we are overdue for 2 down opens
Jay
Long fas $76.55. Double bottom forming there on intraday. Looks like we retrace and close green...good for at least a daytrade imo
s
Jay
no need to flatter me. LOL.
do I expect a monday rally?
I want to get positioned before Monday and if Monday starts out with a rally then I'll add more.
I've already taken most of my profits and I want to see what the rest of the day looks like.
x
Happy Birthday JAY!
Thanks for your help!
I enjoy your blog!
Selloff looks done here. Good point to scale long for at least a retrace.
ty
s, ty
i agree.
still have some longs i'll let run.
x
OK, X
I get the picture
Jay
I hope these times are correct. No guarantee.
High 12:45
Low 15:12
Lower high in short at will?
http://tickerforum.org/cgi-ticker/akcs-www?getimagenr=51916
Flash just posted this
MKT: Call just came down; SIMON is in preflight chk; will be airborne at 3 AM on 11/16;
What does this mean?
So Simon says they boost the futures up on Monday early morning.
That could be. The market hasn't tanked yet and technical everything still looks bullish.
mark
Get ready for a boost in the market real soon !
tlc
What? We're not going to show China we're serious about the dollar early next week?
That would be foolish. Obama needs to show proof while he's there.
Otherwise we'll get our due, always leaving the foreign invester to hold the bag, subprime an example.
This market is setting the stage for
MELTDOWN
after one more small rally perhaps?
Sally
Agree -
SPX 9 handle soon
http://www.youtube.com/watch?v=XhR1MuXfv_0
Coy
nice call on the low. for 15:12
x
http://www.youtube.com/watch?v=pqMuyI_9wuI
Looks like we get that Rally Monday morning and Flash's Simon also sees it too.
tlc
Happy birthday Jay.
here from FLASH:
MKT: Call just came down; SIMON is in preflight chk; will be airborne at 3 AM on 11/16; http://bit.ly/3m3nGM
about 3 hours ago from web
time to go long at close. or sunday PM
Samamehta
Hard to go against the Flash.
Simon knows his chit.
Mark
Samamehta
Does Flash think the DOW is going to 14000 in 2010??
mar
Is it Treasury Bonds to lift off?
yup. FLASH three high days are panning out nice. so far 2 out of 3. 11/16 will tell the story. I think his target is 10440, whihc he termed as kid's play.
Jay's today plan is working well
Here from FLASH:
MKT: Dow is testing 10,220 weekly rt. now.; we will know if we are going to 10,470 very-very soon; SIMON says !
11:20 AM Nov 12th from web
it looks like we weill close above 10,220 today.
Mar: more from Flash:
@ARAK0 Thks for asking; SIMON says don't be afraid of the BEAR in 2010 cause the DOW's 14K could be child's play; more later
6:55 PM Nov 11th from web in reply to ARAK0
Samamehta
thanks
mark
New SPX Resistance: 1094.34
Market might gap up 10+ points on Monday,
yikes
ppt
FLASH:
@samamehta closed DOW 10,200+ & 10,220+; 10,470 in play now; this may not happen in 1 shot but shall see; OEX next wk. tricks in play
25 minutes ago from web in reply to samamehta
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