FROM DANERIC'S public chart pagesCould reach a little higher by 9:45 before setting back some
Tomrrow calls for IMPROVING for the better
and the FED is announcing at 2;15pm
ONE important feature about tomrrow and Thursday @3am is a SUN 0 MERCURY
which USUALLY has some very potent positive action occurring with rallies.
Add to that a Neptune turning DIRECT for extra pazaz
Todays bar cycles were perfect at 60bars @11;30 for the LOD
AND
90bars just b4 the 2;15pm HOD
fascinating that the LOD Monday was at 2;10pm on the FM,
and
Today's high was exactly at the same time
youve seen me mention 39 hrs
well this one was 390 minutes
ITS Amazing HOW often 39 turns up as a cycle
TOmrrow's bar cycles are
126 b@ 10:30
156b @ 1pm
180b@ 3pm
IF A low at 10:30 should find footing by 11am and turn higher
HOw high is HIGH ?
I'll let better technicians who are here tell us the potential
but 1070 would give us a 200 pt dow rally from today's close,
unless they sell back to 1030 first.
TRANNIES got a HUGE lift from Warren today.
wonder if HE bet on it ?? or some one in his org. might have made a bundle today
Jay
40 comments:
Ouch, I've been stuck short all day. Where's that low you've been talking about jay? I hope we get a gap down tomorrow so I can bail out...a tad too leveraged here.
m
Jay,
I'm leaning toward 1050-1060 area, then a sell off down to 1020 first, and finally 998-1000.
At that point there is about an 80% chance of a decent rally back up. I could see it going up to just under 1080, which would form another "head and shoulders", with 1102 being the head.
Tomorrow might be to old "buy the rumor, sell the news" event before the Fed's yap their jaws again. Regardless of what they say I don't see a rally up to 1070-1080 until a lower bottom is hit first.
It could be 1020, as that's good support there, but 998-1000 is better support. Plus, forming a double bottom at 1020 is what everyone expects... hence it won't happen.
Many H&S patterns have different peaks and lows. This would be a slanted H&S pattern with the 1020 from October 2nd being the left shoulder bottom, and possibly the 998-1000 being the right shoulder bottom.
Regardless, I'm cautiously waiting for a low or a high to occur. I don't want to be stuck in the middle when the herd goes the other way (per my blog post tonight) LOL!
Red
This market's been pretty volatile lately and tricky so I'd be careful going long towards 1050. We could selloff right in the morning to frustrate late buyers...unless of course there's alot of trapped shorts.
Shorting more here at 1050. Hope we don't go much higher. This is getting a little painful.
x
x
ouch. Might hold up into the FED. Could go alot higher still.
pinky
looking for 1058 to short.might be risky ahead of the fed but lets see.
in short,for better or worse
Sqeeeeeeeeeeeeeeeeeeeeeeeeze my lemon till the juice runs down my leg.
Led Zeppelin
Shorts in a world of hurt.
tlc
SHORT is NOT the place to be at
this time until FRIDAY AM
As indicated an UP open led to a MINOR pull back to 10am RIGHT AT the
120bar cycle pivot
11am HIGH so far
Next pivot is at 12:30 AT 150BARS
COULD be bot if not in already
Neptune DIRECT
Sun 0 MERc tonight
Moon 120 Jupiter tomrrow AM
All quite positive for later
1060 at 11am SHOULD back off till 12:30-1pm
FEd induced rally with minor setback at 3pm on 180bars.
but overall it should get to 1070 or above by tomrrow at 10am
From there they should start a downtrend which should pick up steam after the open on FRIDAY
Jay
thanks Jay still in my longs will hold until tommorrow
i dont know,it seems every fed day of the last 3 years has been expected to rally into and after the statement.the majority have been a bulls day trading dream too.its just gotten a bit too taken for granted,a lot of people waiting for a big pop to gleefully short the hell out of it at higher prices.its either going to fall away soon or slingshot to the moon.
They can squeeze shorts much higher...bad spot to short pre-fed imo. Jay could be right about 1070
x
after8
could be WILD with 180bars at 3pm, but that doesnt have to be severe at all, because thre is also a moon 60 Mars at the same time mitigating any setback into that pivot
Im planning to buy some calls at 12;30 to 1pm.
As I mentioned the ASTRO GODS are with the rally- YES ONE MORE TIME
HEY
DID ANYONE NOTICE !!!
Weeks AGO
JAYWIZ projected a LOW on NOV 2nd on the FULL MOON
Duuuh.
Jay
It's in a holding pattern until the FED, after which should be a sell-off only to find support and keep rallying thereafetr for a specified short time span after which it will fall off the cliff into the abys of Nov13-16. If your target is set then position trading is already iunderway.
Carl
could rally again.if so its between now and 1 they usually step it up.i do remember the november 2nd low call,which has worked out nicely.late nov for real lows?
Looks like the selloff has already begun.
x
yep. nobody's waiting for the FED. They could care less what those wankers have to say.
ptl
Actually, it looks like it's forming a base to coincide with the FED so we could pop up as per Jay's update.
ptl
LONG SPX1054
bubbles
closing out at 1050.4.
just in the nick of time too! didnt like the way 48 was supporting,which was around the region you would expect a wave 4 to end,so could be one more up.
i think they will push up to /es 1061 and blow a bunch of stops which will get us up to 1070 or so think i will go short btw 1065 and 1070 for down day tommorrow then back up friday
Valid ABC off the l11/2 lows. We can top out any time now before some brutal down. Possible we need to do a couple of more wiggles up here first though:
http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=0&dy=5&i=p22043755928&a=182604587&r=6842
-dmo
rrman is right. Overnight is down and continue in morning down down down then rally. This is the "b" in our abc up.
tlc
Alex just reminded me about that gap at 1043 40 that just got filled now i know what they were doing..
i think this is the end of c.wave 3 down could be starting.if its just a done with b starting,time wise it doesnt add up compared to wave 1? c would have to finish next week.
here's Kemel's take
The current consolidation, drop is wave 4, already. So tomorrow wave 5 up to around 1066.
wave 5 makes more sense.
tlc
rrman
MY THOUGHTS and ANALYSIS EXACTLY
1066 would be just right tomrrow
You can get a couple plays tomrrow
High at 1pm
Low at 258bar at 3pm, along with moon 90 Jupiter
then STRONG CLOSE AND HIGHER OPEN Friday on JOBS report
Might top out at 1070 Friday
THEN ITS DOWN FROM THERE INTO TUESDAY
Jay
This market stinks of distribution. If we dismiss technical analysis and merely think about strong hands selling to weak hands, there is a strong case to be made of an intermediate top forming. While I know that there is a Bradley date in the middle of this month, as a veteran trader, the "game" Wall Street is playing is obvious. Disgusting, to be sure. But, obvious
daily looks like uptrend stalled today with rejection of the 10dma,in short again at closing price.if things go well will hold into next week if not toss em and flush em.
Guys, it's over. Look at the candles on the daily charts. They are just brutal.
Gravestone Black Oxy candles, at Fib retracement levels, with fake pokes above the 8 and 13 EMA, and a mid-tine touch at the highs. It's a clean sweep.
Clean ABC up off the lows.
We even peaked right at the first time inflection point of the move from 1102 to 1027 (15-minute increments, 53 bars from the 222 bar move low to high, 23.6%.)
Equity Call buyers are loading up.
Every thing point to immediate down.
-dmo
gap down
atilla
DMO, I agree with you. I subscribe to Mortie's blog, who is making a similar call. I have mad e good $$ with his advice.
Do not mean to take it away from jay's hard work.
But I think we see 1020 by friday before Jay's target is achieved.
Oh i forgot to give the blog url
http://www.bostonwealth.net/
good luck to all
thanks Jay, Vic, rrman for your help
mortie ain't no guru
x
dmo
don't count your "immediate decline" chickens before theyre hatched.
x
mortie always give two scenarios(one up and one down) and then tweets "Nailed it again" at market close
looks like wave 5 kicked in after the gap fill....here we go ...I'm beginning to think we guy up into monday now....
This is looking very similar to the last week of June 1st week of July on the day counts
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