Thursday, November 05, 2009

WHATS NEXT ?

from Chart pattern trader

IMO,
THE LOW of NOV 2nd SHOULD be the start of an UPTREND lasting till DEC 4th

BUT OF COURSE - NOT a straight line

in fact quite jagged and might even make some lower lows along the way.
but more about that later
_____________________________________
lets talk about NOW
Futures at 8:30am now positive - dow +50

AS was mentioned a few times we GOT the LOW at 1029 on NOV2nd
NOW- POWER & Propens INDEXES are BOTH pointing higher today & tomrrow

upper channel line appears from technical charts to be in the 1070'sh area
Midnite high TIDE Saturday -7th

Natural energy shows rally mode to continue into FRIDAY at about NOON
and power index shows a drop off Friday afternoon into the 10th at the Sun 90 Jupiter

The NEXT Negative this month occurs on the 15th with Saturn 90 Pluto
and should coincide with another low on the 13th-- some people insist on the 12th

I know, You want to know;; LOWER LOWS or NOT-- Impossible to answer
so I wont even try

more later
Jay
at

23 comments:

  1. Anonymous10:24 AM

    c'mon ms. market. Let's open up a can of whoop-ass on dem bears. Ah-eeeeeeeeeee.

    mark

    ReplyDelete
  2. Anonymous10:27 AM

    Still waiting for 1070 so I can short. Oil's also looking like a bargain here if you pull up a 15 min chart.


    x

    ReplyDelete
  3. Anonymous10:33 AM

    Let's go 1070! Long and strong at the open. We may even blast through 1070. This action is very bullish.

    ReplyDelete
  4. rrman10:39 AM

    Jay is what you said yesterday still look good?
    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

    ReplyDelete
  5. Joseph10:39 AM

    Thats great for Longs like me, I did not get spooked out of my Longs, collected my Dividends Nove 1st and next is on Nov 16th. Jay, you mention a severe low on the 12/13th. Do you feel strong about this. If so I would probably take your adv and skip the Div payout for me on the 16th. I wont hold you to it, I just respect your opinion.

    Thanks
    Joe

    ReplyDelete
  6. rrman10:40 AM

    I'm thinking we get a 10 pt pullback interday 1-2pm would be a good time if you still think the bar levels hold up

    ReplyDelete
  7. Jay Strauss10:50 AM

    the way they are moving higher this early makes me think 1080 is the target tomrrow- which is the High of the LEFT shoulder on 9/23.

    rrman , Joe

    The only hard set back today is at 3pm at 258bars & 90 Uranus, but that leaves the door open for a strong close and strong open tomrrow.

    90 bars then occurs at 4pm on FRIDAY and OR OPEN Monday
    I think I want to be short at the NOON hour tomrrow

    Jay

    ReplyDelete
  8. Joseph10:57 AM

    Thanks Jay, appreciate the feedback.

    Take care
    Joe

    ReplyDelete
  9. Anonymous11:17 AM

    I think today's high comes in around 11:27.

    Could be wrong.

    ReplyDelete
  10. rrman11:30 AM

    went short at 1060 it bounced off the top of the new channel at 1060.75

    ReplyDelete
  11. Jay Strauss11:31 AM

    what shorts ?
    SOLd my CALLS dow + 185

    Will wait now for 3pm, and might buy back to sell at open tomrrow

    Sold TNA for 2pt gain on MKT GURU

    12;30 is 228 bars for next possible pivot to get to 1pm or 2pm high

    this is NOT a day to SHORT

    Jay

    ReplyDelete
  12. rrman11:31 AM

    http://tickerforum.org/cgi-ticker/akcs-www?getimagenr=50618

    ReplyDelete
  13. rrman11:43 AM

    1050 is my target but 1040 is the bottom of the channel

    ReplyDelete
  14. Jay Strauss11:50 AM

    Ok,
    that BLUE line on TOP = 78.6%
    at 1080 area.

    Should reach for that tomrrow am
    by 10am

    I will be shorting that one for sure

    Jay

    ReplyDelete
  15. Anonymous12:04 PM

    Do you think we'll hit 1070 today Jay? I know you're thinking 1080 tomorrow, but I just bought this dip for a conservative trade to 1070. I agree w/ you. We're going way higher.

    ty

    ReplyDelete
  16. rrman12:10 PM

    Kemels take on the euro/usd
    Kemal_1 posted: I think the dip may last o/n into early Friday. 1.4810 almost certainly will be touched.


    that should be 1045/50 on /es

    ReplyDelete
  17. Jay Strauss12:14 PM

    Ty
    I dont understand WHY you would BUY before 3pm

    I have mentioned 3pm several times in the past 2 days

    I sold my calls at 11am, a TYPICAL
    Hourly TURN and looking for the 12;30 pivot to make anther run higher till 1pm and or 2pm

    TIME is an important factor in my analysis

    Once I sold at 11am, I am NOW waiting for 3pm to POSSIBLY buy again for tomrrow's open HIGH at 10am - BE THAT 1070 or 1080

    Jay

    and please do log in as a follower
    thanks- im trying to get up to 100 members

    ReplyDelete
  18. Anonymous12:21 PM

    Look at oil folks, It's a bargain here. It'll fly high soon which coincides with jay's prediction of 1080

    ReplyDelete
  19. Anonymous12:41 PM

    We may get 1080 today by this action.


    ptg

    ReplyDelete
  20. Jay Strauss12:42 PM

    I would THINK that OIL ANd GOLD are getting setup for a GREAT SHORT as of TOMRROW AM stock highs


    NEXT LOWS on 13th

    Jay

    ReplyDelete
  21. Jay Strauss12:50 PM

    ptg, You havent had the 3pm pivot yet
    no way you can JUST SAY things off the TOP of your head like that

    Jay
    and please do log in as a follower
    thanks

    ReplyDelete
  22. rrman12:54 PM

    http://tickerforum.org/cgi-ticker/akcs-www?getimagenr=50638

    /dx looks like its going to continue the breakout stoches turningup here we go down

    ReplyDelete
  23. Anonymous2:20 PM

    Two parameters, jobs and the dollar. If they come together in a certain way, it's a -400 Dow day.

    ReplyDelete