Heres a Couple of intersting notes1. Elliotters tend to LABEL endings TOOO SOON- Sorry Dan, but it is a common event- ME TOO
thus Re label wave [5] to 3:30pm
wave a possible to 1043.54
wave b to 1035 at close
wave c today to 1052 at 10am
IF I could confer with Elliotters using astro , bar cycles, 13day cycles , etc ,
we might become more precise
but I doubt that will happen.
THEN
using the 80 pt spread from 1101 to 1020
1033-1052 = 19 pts
19/ 81 = 23.6 % FIBO
2. THE LOW of Friday hit at 3pm and DAMN, I missed it - @ 204BAR CYCLE
what does that mean for tomrrow?
Typically , when the SPX make sits LOW at 204 bars there is a FOLLOW thru LOW at 329bars
WHICH HITS AT noon:30 TOMRROW & can truncate up to one hour early
which makes it occur in conjunction with:
39 hour cycle @ 11am
23.6 %/13 day @ 10:56
60bars at 11;30
MY activity index started out this AM at 200- thus a rally
dropped as low as 66, but ran up again to 200, and is NOW at 133
SINCE it has NOT jumped above 200,it appears to be waning in strength rather than gaining
more later
Jay
54 comments:
Jwhat in the world did you just say in this post?
I can't make any sense out of it.
Mark
I second that. What did this post mean?
1033 is an important level. VADA is
still %50 short SPX 1050. If we CLOSE
under 1033 VADA projects spx 992
short term. Will update as I am updated. Staying Short.
Vic, I assume you mean spx cash.
Looks like the LOW will be tomorrow.
x
what does that mean for tomrrow?
Typically , when the SPX make sits LOW at 204 bars there is a FOLLOW thru LOW at 329bars
WHICH HITS AT noon:30 TOMRROW & can truncate up to one hour early
which makes it occur in conjunction with:
39 hour cycle @ 11am
23.6 %/13 day @ 10:56
60bars at 11;30
NOTE that the DIVING LOW today at 1pm EXACTLY was at 258 bars
thus the above has strong merit
Jay
Thanks JAY
and tomorrow will give us the candlestick we're looking for to kick off a rally.
Gunther
Sam,
Yes SPX=Cash. VADA always speaks
cash SPX.
VADA closes 1050 short at 1040 for
a 10 point SPX gain. Totoal for Nov.=
10 points. Now flat.
ok so originally we were supposed to hit the high at 3pm but it hit at 4pm at close we were supposed to go down to another low at 11am tommorrow are we still on track for that or what I'm confused Jay...
rrman.....
forget it bra...
DA BOTTOM IS IN NOW
watch the futures for da gap up
donnie
rrman
Im a little confused right now also
BUT,
Yes I still have indications of a lower low tomrrow,
power index reads a decline tomrrow
but propens not in sync
readings call for tough day, and many times the mkt falls after the FM
IT hit its LOW today right on the 2;14 FM.
Ive got some other mixed signals about tomorrow
BUT WEd is a SOLID UP DAY, so get ready for it no matter what.
cluster at 11am might be LOD, and then coast the rest of the day
DID any one go over to Helge to view his graph called raw numbers?
I sent an email to Ravi, and waiting for reply
Daneric ALSO left the door open for either direction tomrrrow
once again using the label [1]
for the 2pm low today might be premature.
more later
Jay
We're going down hard tomorrow. This down leg is just getting started.
We're going up hard tomorrow. This countertrend rally just started.
Breath is killing its downside momentum, it wil reverse into the close , ES may close near 1045-1050
close near 1050 and sizable gap up tomorrow to test 1070
atsl
Too many are expecting 1070, so guess what? It won't happen! Good luck with that bounce. This decline will be so fast that many will miss out by covering too early or waiting to jump back in at a wishful 1070. Shorted the close and will add more if we get to 1050.
ptg
Yes too many are expecting 1070....that's why we're going to 1080. hehe
watch and learn ptg
x
@tomandprisha way to go Tom. I'm long from ES 1029. Thanks.
arak
atilla fade is on, he's calling for 1070. Staying short, people cover way too soon.
x
I'm staying long. People wait too long.
x
If we do down tomorrow morning, that will be a good chance to get long if you haven't already. I'm praying for a gap down or morning selloff so I can jump in...missed out on today's low. I hope jay's right.
ty
Futures look strong and so does Gold. I believe the futures will get stronger. These countertrend bounces always leave the majority behind. I hear all the bears saying they'll buy on the next low that never comes. Typical. Remember this bounce will be fast and furious. If you're not in now, good chance is you've missed half the rally when she gaps up huge tomorrow.
tlc
Jay look at this Chart with the 40days and 40 night division tommorrow is a pivot day on it...
http://www.screencast.com/users/springheel_jack/folders/09Q4/media/dcdeb9ef-0eb5-403f-aa44-989b38d9dde3
here's another chart same idea
http://www.screencast.com/users/chartwiz/folders/Jing/media/99a1ea00-d4d7-4070-882e-b720a2ac6df6
rrman
not to mention Nov2 is Flashfusion's turn day. Don't fight with Simon. He is rarely wrong. The late buyers are in a world of hurt now.
tlc
Futures already traveled almost 20 from the low at 1026. Any gap up will be shortable imho Major downtrend is confirmed and technical damage has been done.
Look at the 60min Futures chart. I see no weakness in it. You're dreaming. By morning time the 60m indicators will bottom ready to turn up along with bottomed daily indicators and price will not have fallen much. Late buyers in a world of hurt here. Trapped is more like it. You want in? Sorry but Ms market won't let you back in. bye bye.
tlc
futes just bounced off the upper channel line and are dropping I think we do what Jay says down to maybe a lower low than yesterday slightly then around 9 or 10 start back up and rally rest of day and wed to 1050 plus maybe 1070 and then go back down to the Nov 12 bottom
http://www.screencast.com/users/Kemal_1/folders/StockCharts/media/d0883b5a-0d26-4406-a29b-12e093e66f83
who says futures will go to lower trend line. You'll see by mornimg open thatt trend up is intact and gap up leads to UP day. Yeah you might get a small consolidation after gap up but the the turn has occurred so says other signs. Can't believe you guys don't see all the positive divergences and signal confirmations. oh well,the late buyers will be in a world of hurt tomorrow.
tlc
the late buyers will be fine if they hold thru the drop like they did friday and like the late bears did thursday this thing is back to whipsawing
won't be a drop like youre expecting
x
tlc,
Agreed, futures look good.
pp
The bottom line, 6.3.2b Major Distribution Day Watch, 2 Major Distribution Days within 5 days means more correction ahead. But pay attention to the chart, the market most likely rebounded huge if there was a green day after the 2nd Major Distribution Day. And today we got that green day. So be careful bears.
cobra
I'm long QQQQ from 40.81 today, but to me this is a 3 day wonder about to be served up. I'm hoping it has SPEED to dump shorts off the bus and attract longs on for the next smackdown-which will make the first look quite tame, imho.
spookyone
here is Lunaticfringe's wave count i think it fits what I believe will happen
http://tickerforum.org/cgi-ticker/akcs-www?getimagenr=50144
futures are looking strong and stronger. Gap-up.
chloe
Kenny shows bottom is in. Here's a bit of what he says:
The 5,3,3 stochs on the daily is going positive. There is a baby inside the momma on the daily candle too. And yes I watch all of this at the same time. I have at least five or six windows running at the same time. Thank you very much.
http://kennystechnicalanalysisblog.blogspot.com/
pp
futures on 60m making higher low and using middle trend line as support.
doh!
tlc
Jay wake up these futures are going downtown!!!
I agree with Kenny but during these volotile times like last year a stop run can be from the top of the channel to the bottom and back!!
downtown??
where are you?
chinatown?
Futures look good and strong.
open yer mind
x
the futures are bottoming out on the 60m and are well above their lows.
that's strength not weakness.
c'mon
tlc
see you in the morning before the GAP-UP!
ggg
get some sleep rrman.
you sound desperate.
x
hehehe it keeps you guys talkin :-)
When you're alone and life is making you lonely
You can always go - downtown
When you've got worries, all the noise and the hurry
Seems to help, I know - downtown
Just listen to the music of the traffic in the city
Linger on the sidewalk where the neon signs are pretty
How can you lose?
The lights are much brighter there
You can forget all your troubles, forget all your cares
So go downtown, things'll be great when you're
Downtown - no finer place, for sure
Downtown - everything's waiting for you
Don't hang around and let your problems surround you
There are movie shows - downtown
Maybe you know some little places to go to
Where they never close - downtown
Just listen to the rhythm of a gentle bossa nova
You'll be dancing with him too before the night is over
[ Petula Clark Lyrics are found on www.songlyrics.com ]
Happy again
The lights are much brighter there
You can forget all your troubles, forget all your cares
So go downtown, where all the lights are bright
Downtown - waiting for you tonight
Downtown - you're gonna be all right now
just 9 more points to the bottom of the channellllllllll
got out of my longs at 1034.25 so could sleep but nice wake up call here we are at 536 central at 1028 going long full position might have a bit to go down more but not taking a chance now bigggg rally back up to 1050 for Jay's 11am eastern pop!!
got out of my shorts at 1034 I meant
Be careful trying to find the bottom here.
This wave 1 is going to catch a lot of people out with the speed and drop.
Bsst bet - wait to Nov 12 to buy.
then sell Nov 23.
futures are surging now. rrman and others won't get their lower low like I've been saying. I may not get my gap-up either, BUT definitely no new low. Bottom for this countertrend rally is in baby. yeah.
hehe
x
SPX will see 1008 in wave 1 to Nov 12.
SPX will rally to 1060 in wave 2 from Nov 12 to Nov 23.
SPX will fall from 1060 to 900-930 from Nov 23 to Dec 10 in wave 3.
Good luck dip buyers.
whoah!!! Look at the futures now !
Looks like somebody knows the lows are in for the countertrend spike.
sam
Buffet to Buy all of BNSF shares for 100 dollars here is our stick save ...Jay you are good!!!
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