Friday, November 13, 2009

NOV 13th -2009

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:

  1. Anonymous8:54 AM

    Happy Birthday!!

    ReplyDelete
  2. Thanks Coy

    It will be if the mkt behaves as expected

    Jay

    ReplyDelete
  3. 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

    ReplyDelete
  4. Happy b'day Jay!

    Best to you!

    ReplyDelete
  5. Anonymous9:33 AM

    happy B'day Jay

    x

    ReplyDelete
  6. Happy Birthday Jay

    ReplyDelete
  7. THANKS everyone
    for the BDay wishes
    Jay

    ReplyDelete
  8. Anonymous10:21 AM

    WOOOOOOOOOOHOOOOOOOOOOOOOOO!!!!

    x

    ReplyDelete
  9. Anonymous10:25 AM

    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

    ReplyDelete
  10. 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.

    ReplyDelete
  11. Anonymous10:45 AM

    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

    ReplyDelete
  12. 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

    ReplyDelete
  13. Anonymous11:41 AM

    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

    ReplyDelete
  14. Anonymous11:44 AM

    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

    ReplyDelete
  15. Anonymous11:49 AM

    Happy Birthday JAY!
    Thanks for your help!
    I enjoy your blog!

    ReplyDelete
  16. Anonymous11:56 AM

    Selloff looks done here. Good point to scale long for at least a retrace.


    ty

    ReplyDelete
  17. Anonymous12:08 PM

    s, ty

    i agree.

    still have some longs i'll let run.

    x

    ReplyDelete
  18. OK, X
    I get the picture
    Jay

    ReplyDelete
  19. Anonymous12:36 PM

    I hope these times are correct. No guarantee.

    High 12:45

    Low 15:12

    ReplyDelete
  20. Lower high in short at will?

    http://tickerforum.org/cgi-ticker/akcs-www?getimagenr=51916

    ReplyDelete
  21. Anonymous1:30 PM

    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?

    ReplyDelete
  22. Anonymous1:40 PM

    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

    ReplyDelete
  23. Anonymous1:45 PM

    Get ready for a boost in the market real soon !

    tlc

    ReplyDelete
  24. Anonymous2:31 PM

    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.

    ReplyDelete
  25. Anonymous3:03 PM

    This market is setting the stage for


    MELTDOWN

    after one more small rally perhaps?

    Sally

    ReplyDelete
  26. UK Trader3:06 PM

    Agree -

    SPX 9 handle soon

    http://www.youtube.com/watch?v=XhR1MuXfv_0

    ReplyDelete
  27. Anonymous3:09 PM

    Coy

    nice call on the low. for 15:12

    x

    ReplyDelete
  28. Uk Trader3:11 PM

    http://www.youtube.com/watch?v=pqMuyI_9wuI

    ReplyDelete
  29. Anonymous3:25 PM

    Looks like we get that Rally Monday morning and Flash's Simon also sees it too.

    tlc

    ReplyDelete
  30. 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

    ReplyDelete
  31. Anonymous3:33 PM

    Samamehta

    Hard to go against the Flash.

    Simon knows his chit.

    Mark

    ReplyDelete
  32. Anonymous3:38 PM

    Samamehta

    Does Flash think the DOW is going to 14000 in 2010??

    mar

    ReplyDelete
  33. Anonymous3:40 PM

    Is it Treasury Bonds to lift off?

    ReplyDelete
  34. 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.

    ReplyDelete
  35. 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.

    ReplyDelete
  36. 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

    ReplyDelete
  37. Anonymous3:48 PM

    Samamehta

    thanks

    mark

    ReplyDelete
  38. Anonymous3:52 PM

    New SPX Resistance: 1094.34

    ReplyDelete
  39. Anonymous3:56 PM

    Market might gap up 10+ points on Monday,

    yikes

    ppt

    ReplyDelete
  40. 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

    ReplyDelete