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.
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.
The above chart from Daneric's public pages just about covers it
NOTE the FTSE action today
ReplyDeleteBIG open
Drop lower
THEN
BIGGER rally to the HOD
we might just duplicate that
activity
Jay
In the LIGHT of the FUTURES
ReplyDeleteafter 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
Buy dips!
ReplyDeleteJay,
ReplyDeleteDo you still feel that today's high at or before noon, sets a short term high and we drop to next Tuesday?
i am 1000% SHORT.
ReplyDeleteTHANKS jAY
frank
This market is tough to trade. Still holding long in case they reverse the reverse of a reversal lol
ReplyDeleteIt's FINISHED. Get on the short train before all the good seats are taken.
ReplyDeletetlc
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.
ReplyDelete10am HIGh as predicted
ReplyDelete1070 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
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.
ReplyDeleteFrontrunning shorts will get burned. The ST trend is still up, until it's not. Bought the morning gap down and am still sitting pretty.
ReplyDeleteptg