Friday, November 06, 2009

Nov 6th

The above chart from Daneric's public pages just about covers it

upper limits today at 1073 to 1088

BUT my power index says watch out for the FALL afterward

Jay

11 comments:

  1. NOTE the FTSE action today

    BIG open
    Drop lower
    THEN
    BIGGER rally to the HOD

    we might just duplicate that
    activity

    Jay

    ReplyDelete
  2. In the LIGHT of the FUTURES
    after the EMPLOY report

    a LOWER open MATCHES what I was looking for yesterday's CLOSE

    Albeit a little LATE

    Therefore, ANY RALLY into NOON
    would then ONLY recover what was lst during the first 30 minutes

    And just might even move to the 1070 area which I had projected
    b4.

    THE Right SHOULDER TYPICALLY is WEAKER then the LEFT shoulder and presupposes the mkt inability to get to 1080

    And since the DOW hit 10k once again, it would be out of SYNC for the RIGHT shoulder to run UP HIGHER than The previous HEAD.

    Jay
    MY game plan is to SELL ANY RALLY later today at or b4 NOON

    ReplyDelete
  3. Anonymous9:08 AM

    Buy dips!

    ReplyDelete
  4. Jay,

    Do you still feel that today's high at or before noon, sets a short term high and we drop to next Tuesday?

    ReplyDelete
  5. Anonymous10:29 AM

    i am 1000% SHORT.

    THANKS jAY

    frank

    ReplyDelete
  6. Anonymous10:31 AM

    This market is tough to trade. Still holding long in case they reverse the reverse of a reversal lol

    ReplyDelete
  7. Anonymous10:40 AM

    It's FINISHED. Get on the short train before all the good seats are taken.

    tlc

    ReplyDelete
  8. My 2 cents... I think we'll have a tight range today. Monday could gap up and run toward Jay's original target area of close to 1080 and then we'll have at least a few days drop.

    ReplyDelete
  9. 10am HIGh as predicted

    1070 achieved

    Will it try again?

    maybe at 11:30 to noon

    Maybe Last gasp

    Close should be lower leading to a large sell off on Monday & Tuesday

    TIME FOR ME TO GET SHORT

    Jay

    ReplyDelete
  10. Anonymous11:38 AM

    Don't be too fickle jay. Your target of 1080 is still good. We will probably trade in a tight range w/ another push higher later today or early Monday. This action is just sideways consolidation.

    ReplyDelete
  11. Anonymous11:46 AM

    Frontrunning shorts will get burned. The ST trend is still up, until it's not. Bought the morning gap down and am still sitting pretty.

    ptg

    ReplyDelete