I want to THANK many who are offering their short term scenarios
This blog has now turned in some very good commentary and we can see there are many of us who are concerned
for those of you who havent logged in as a follower, ive mentioned this b4, it gives you greater credibility and its great for my ego to have more members
Y, Are you seeing a rally into early Jan after this correction? I'm thinking that we're now in a wave 4 correction for the up move since the Dec 9 low, to be followed by wave 5 up once this is over (possible target of 1116). I could be wrong of course!
yep. Whether it starts at Jay's map of Jan.7 or ealier, I don't know at this point. Right now I'm preparing for the downturn into my 10 & 20 day cycles. The market will do it's spittin' & kickin' & screamin' & Lyin' &/or stalling(one of my favs) before it moves and it will as some suggested, gapdown overnight catching everybody by surprise....AS USUAL.
Just a pointer for traders. Holidays ALWAYs(in my experience) messes up cycles to a small degree, especially time frames under 21 hours. Just because the market closes doesn't mean "ENERGY" stops flowing.
Thanks Y and Ravi! I find it very interesting that the market topped exactly at 1130.38 both yesterday and today. Why that number I wonder? Nice symmetry from a numerology perspective, and also an 8:8...
FOLLOW THE BLACK LINE
22 comments:
I want to THANK many who are offering their short term scenarios
This blog has now turned in some very good commentary and we can see there are many of us who are concerned
for those of you who havent logged in as a follower, ive mentioned this b4, it gives you greater credibility and its great for my ego to have more members
thanks again
lets keep up the great comments
Jay
at 10:30 DJI made a higher hi, and SPX did not. Was that a critical failure for spx short of the 1031 ish target that I posted earlier?
Is the top in? Is a top in?
Loading up SHORTS!!
Y
SPX DOUBLE top??
1130.38 Monday open & Tuesday open
Very SUBTLE for sure
but could be speaking very loudly
As I had previously posted, its NOT a matter of IF, only a matter of WHEN
IT would appear, that 377 weeks
makes it to the 7th, but I dont have any way to verify the exact day count- maybe some out there does.
Jay
Market is setting up for new highs...look at the triangle in financials on intraday. Not a good place to go short here
Y,
Are you seeing a rally into early Jan after this correction? I'm thinking that we're now in a wave 4 correction for the up move since the Dec 9 low, to be followed by wave 5 up once this is over (possible target of 1116). I could be wrong of course!
indigo
yep. Whether it starts at Jay's map of Jan.7 or ealier, I don't know at this point.
Right now I'm preparing for the downturn into my 10 & 20 day cycles. The market will do it's spittin' & kickin' & screamin' & Lyin' &/or stalling(one of my favs) before it moves and it will as some suggested, gapdown overnight catching everybody by surprise....AS USUAL.
Y
yup, wave 4 to 38% retrace at 1116 area likely.
Then, 1116+30= 1146? where wave 5 =1
Just a pointer for traders. Holidays ALWAYs(in my experience) messes up cycles to a small degree, especially time frames under 21 hours. Just because the market closes doesn't mean "ENERGY" stops flowing.
Y
Thanks Y and Ravi!
I find it very interesting that the market topped exactly at 1130.38 both yesterday and today. Why that number I wonder? Nice symmetry from a numerology perspective, and also an 8:8...
Long!!!!!!!!!
y
Bottom for today is in . Time for long
I hope it's a bottom for today as I would like to add puts at a cheaper price.
Y
wooooooooooooohoooooooooooo!!
http://www.youtube.com/watch?v=lELZMc7mvgw
anonymous
what is the significance of tank blowing up a nazi train yard?
Sally
Thanks Jay, Y, ravi
you guys are certainly in the minority here. Interesting to see if you're right.
mark
Y, when is your 10& 20 day cycle low?
What happened to rrman today
$ is up, so it is time to short SRS. Just play the manipulation game
High hit 15:20.
I doubt we're closing in neg. territory.
Coy
Was that put buying following my high hit?
wooooooooohoooooooooooo!!
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