Heres another chart from Mr Helge - extended to the 16th
Undulations match the ones on my graph
for example
11/30 low
12/2 hi
12/3 lo
12/4 or 12/7 high - not as clear - see pink line instead of blue gyrations
___________________
then the week after
12/7 or 12/8 low
12/9 or 12/10 hi
12/14 lower LOW as Ive been projecting also
_____________________________
and up from there
Yes its very hard to anticipate every up & down the mkt wants to make ,
otherwise everyone would be privy to catching the waves
sorry it doesnt work that way
1119.13 at 9:45- is that it ??
Jaywiz index was .13 yesterday= VERY BEARISh
and the FIRST such low reading since Oct 22
Arms index at 10;30 = .72 - dont know what it was at 9:45
new highs NOW at 258/1 verses 318/1 on Nov 16th
Next week is Ians projected comparison to 1987 crash week
does that mean anything ??
we'll find out next week
Jay
I just noticed that the
ReplyDeleteHigh this AM was made on a LOWER OBV
that does not bode well for a continuation of the am rally
Macd blue line also crossed under red
and ULT osc appears to have peaked
Activity index was at 33 ALL NITE LONG and it is still STUCK there, which should have some effect in seeing lower prices
Any lower low today should still see ONE MORE push higher on Monday
Jay
Long spx 1102...we're going to rally now.
ReplyDeleteHi Jay, thanks for your great work! Do you still see the beginning of Monday's trading as difficult before a rebound later into the day?
ReplyDeletethe reading for Monday calls for a challenging start
ReplyDeletebut positive influences should push the mkt higher
My power index agrees with a high Monday
When I report the daily readings-
THEY DONT CHANGE
Jay
Looks like we can take off now. Fully long here.
ReplyDeletex
ANYBODY see ONE more DIP today
ReplyDeletefollowing Helge outline so far
We have either or
3 waves lower a-b -c frm 1119 to 1096
OR
wave 1 to 3 now in 4 , thus looking for 5 lower or at least matching wv 3
GOLD taking the PLUNGE right AFTER the FULL MOON
DOLLAR in rally
aapl diving
STOCKS retreat
bar cycles = 2pm to 2;30 would be the best bet for the next low, thus closing higher today.
Jay
Like others....
ReplyDeleteI'm LONG and STRONG!!
y
thanks X & Y
ReplyDeleteI expect you will be right by days end
Might be one more low before the end of day rally
Jay
does look like 1-2-3
now in 4
should get wv 5 between 2;30 to 3pm
3;15 Thurs turned lower = 45 min
9:45 high
10:45 turned lower
11:45 hit low = 1 hr
2 hours total
just speculating
next 2 hr bar cycle = 1;45
if high, then 2;45 -3pm low
= 3 hours
Jay
this dollar rocket and euro crack have to push us down...
ReplyDelete1100 is perfect spot to go long. Last chance b4 next huge rally!
ReplyDeletec
Jay
ReplyDeleteyep u may be right
Still LONG & STRONG
New low or not today and we gomma Rally good.
Close to resolution.
y
I was concerned about Nov 27 Lows getting broken. Not even close. We're still bullish. But don't ask Ewave guys. They see different together all the time
ReplyDeletePat
C
ReplyDeletethanks
Dontt think it will huge, but I do think it will be a HUGE SHORTING OPP
Sorry to be negative
BUT they are continuing to get weaker
GOLD HUGE DIVE
DOLLAR BIG rally
STOCKS SHOULD follow GOLD
I will be posting the daily readings tomrrow to SUPPORT
what IVE BEEN writing about DEC 14th = potential for next IMPORTANT LOW
there are 2 cycles coming next week
1. Dec9 = 55 from 9/23
2. Dec14 109/110 from JULY10th
Sun 90 Uranus DEC14th
GREAT BUYING OPP
HEY - did some one write to EXPECT a SECONDARY LOW between 2 & 2;30
2;15 Hmmm.
might have been enuf
might be just a little more
power & propens index point to a higher close
Helge chat show possible low at 3pm area.
green tide low about now also
MORE LATER
Jay
Long 1098, stop 1095. Doubt it breaks today.
ReplyDeletety
It's RALLY TIME!!!!!!!!!!!!!!!!
ReplyDeletey
woohoo!
Short 1115 , cover 995 Dec 10.
ReplyDeleteI said 4 weeks ago , expect severe sell off to Dec 10/12 area.
Just watch next week folks .
Will surprise a few , lol
LONG at 2;30pm today
ReplyDeleteYou could SEE the SPX
refused to break lower,
same as DOW
thus it either truncated a 5th wve
or was just an interveneing X wave on the way to a TOP Monday
Jay
POWER & PROPENS index
both showed the action correctly
activity index jumped off its lows at 33, but only to 66
Jay
ob numbers just released and the markets are celebrating the less bad news. What should a bear do? Well if some one gave you keys to the federal mint, would you ask "What time do you close?" or "Where do I find the extra paper!" This bounce is a gift that should be shorted. Just look at the action of the EUR/USD.
ReplyDeleteUK
ReplyDeleteI will be posting adjusted graph
and Daily readings TOmrrow
YES, Monday close should offer an excellent shorting opp
more later
Jay
Is UIK trader the same as UK trader?
ReplyDeleteUIK, what do u see for Monday
ReplyDeleteAlex had rally today too and down till next week. Any thoughts Jay.
ReplyDeletehttp://1.bp.blogspot.com/_Q9FmRy5wUIs/SxlhmRNcAmI/AAAAAAAABWo/bXfV946y30Y/s1600-h/ES+Forecast+Transposed.bmp
This and following sell off is seen as the end of quantitative easing.
ReplyDeleteNo more cheap money and liquidity in markets , and probable start of tightening policy.
Just like the market rallied on a bad jobs report last time because of continued quantitative easing , the markets are selling off on the printing presses stopping and interest rates rising next year.
The markets will now find a true p/e valuation , instead of the over inflated overvalued current p/e due to cheap money about to be turned off.
Thanks UIK trader,
ReplyDeleteDo you think the dollar will continue to strengthen, or will it take a break again?
Lorita
Don't listen to UIKTrader. He'll gget you killed next year with his Bear talk.
ReplyDeleteptg
PTG, I think UIK Trader is correct. Even an extreme bull like Carl Futia went short today finally.
ReplyDeletehttp://carlfutia.blogspot.com/
Reza
ReplyDeleteI;m not talking about this month. For December I am in agreement with the bears. This month is down. But come early part next year ---watch out bears, cause the Bulls come out in full force.
We are not going to new lows anytime soon and I have some very good GANN analysts that would agree, analysts whose cycle analogues have not been wrong for a long time.
ptg
we're just in a trading range a choppy one i don't see us deviating much from the 1067/1070 to 1120 range if a body could get the waves down right there is a lot of money to be made this month just playing the runs from the top of the channel to the bottom
ReplyDeleteptg
ReplyDeleteThanks
keep telling them to LOOK UP for Jan 2010
YOU ARE RIGHT
MELT UP IN Jan
Dec 31 = 1 377 wk LOW from OCT2002
from which we get a price explosion to at least Jan 15th
Eclipse and beyond to the 23rd.
end of month Jan repeats end of Dec sell off
Jay
Jay