Tuesday, December 08, 2009

Waves

Public charts from Columbia - link from market thoughts

triangle of what kind ?

1112 to 1089 = 22 lost
NOT ready to BREAK down yet??
Ok tomrrow gets back to 1101 to 1103

Propens index shows UP from the start, but it could start lower.

Today's low at 9:45 and again at 3pm - very typical

According to the POWER index the BREAK down should take place on the 10th

MY game plan
sold puts at 3pm today
BUY back at 1101 area anytime tomrrow

I will be out of the office till noon tomrrow- hope i dont miss out, but I think 1pm
or 3pm will offer the opp.

Jay


29 comments:

  1. Anonymous6:08 PM

    Jay - you mentioned that both 8/9 would be panic days .... what made you change your thought on this ? As the graph shows down till the 10th and then bounce to make a new low on 14th

    Also, when you say breakdown on 10th - can you give more details i.e. timeframes etc

    Thanks for sharing - so glad I found your site !!

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  2. Jay,

    Same question as Anon. Dec energy chart says down, while you have changed tomorrow to up. A bit confused. Was it due to the depth of correction leading to a bounce back?

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  3. Anonymous8:04 PM

    This comment has been removed by a blog administrator.

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  4. ANOn
    Poer index shows me 3 days in advance, but is sometimes tricky to rad correctly because of its clustering
    Propens index shows the NEXT day
    quite clearly but its NOT a complete picture until the Evening before.

    Please do log in as a follower
    Its good for my ego.

    Arak
    as above

    Graph is a projection of ASTRO
    Today's HIGH should give way to a late selloff which when graphed will look like the picture

    same at dec 1 to 4 had BIG runup which collapsed on the 4th

    Take the graph in consideration of what WE KNOW about market
    BEHAVIOR

    And as a trader, Im sure you know what Im talking about

    Back at noon
    Jay

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  5. Anonymous9:06 AM

    i have today or maybe yesterday as a minor bradley date,so we could be seeing either a short term high or low sometime today if we havent already.markets just starting to get back to last nights close as i speak.i will long any re test of the lows with a tight stop.

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  6. Anonymous9:08 AM

    having said that,it does look like a wave 4 finishing with 5 down to come.in which case 1086 looks likely.

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  7. Anonymous10:57 AM

    Looks like my hits may happen today, because it looks like we're coming up to a hit, high, at 10:46. If that happens, we'll retract and get another high hit at 12:29.

    Looks like clear sailing to a positive close from 14:34.

    Times may be off as much as 6 min, even "working".

    Coy

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  8. Anonymous11:04 AM

    We're about to get an"ooomph" to the upside soon.

    peter

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  9. Coy - so you are not looking for a move down tomorrow or into the 10th ?

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  10. Anonymous11:27 AM

    AS,

    Regarding tomorrow, if you don't mind, I can answer your question with much greater probability after 13:00. I will respond.

    I have today finishing up. Tentatively down tomorrow.

    Coy

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  11. Anonymous11:57 AM

    The two best days, with strength, between now and the 18th:

    Down 14th, Up 15th.

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  12. Anonymous12:34 PM

    "They" made one quick sweep at 12:27.
    Check $TRIN.

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  13. Anonymous12:39 PM

    Actually the sweep was from 12:16-12:26. You just can't trust.

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  14. Jay / Coy - what is tomm looking like now ?

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  15. looks like tomorrow is the bounce, if any

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  16. Anonymous2:08 PM

    14:34 is a low. From there, we should head up into the close.

    I have tomorrow down. Tentatively, Friday up. You already know about the strength in Monday and Tuesday.

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  17. Anonymous2:38 PM

    I should be saying low hit or high hit, not lows and highs. Hits are shallow and acute.

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  18. good call Coy almost on cue

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  19. Anonymous2:59 PM

    Looks like we're calling for an open down tomorrow. That elusive dollar.

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  20. Coy - can you elaborate what you mean - tomm moving lower ?

    Still learning the lingo :)

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  21. Anonymous3:47 PM

    According to the tools I use, the 3 major indexes DJI,SP500,NASDAQ will decrease in value in tomorrow's day session. I don't know how to make it clearer.

    I don't divulge methodologies.

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  22. Coy - thanks :)

    I was not asking for trade secrets ... just more details on time etc ... not sure if you know before hand ...

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  23. Coy,

    Thanks for sharing your analysis with all of your posts!

    Best to you!

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  24. Anonymous6:14 PM

    What about Bush nation? What did Bush do for abortions and gay marriage in the time he was president. Absolutely Nothing. Instead we got a War that has left close to a million dead all courtesy of the christian fundamentalists that voted him in power. Wghat a joke. Obama is a joke , Bush is a bigger joke! Two wings of the same bird. Owned by their Corporate puppeteers.



    D

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  25. the next swing low should be around spx 1055, then a move to 1133 - 1144

    If we gap below spy 1090 tomorrow then we'll probably print 1055 on the 15th.

    If we screw around in this range the rest of this week then it will be a hard down week into opex.

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  26. what kinda outlook do you think we have tmrw guys?

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  27. up, up and away Linton ... could go either way. if we maintain above 1095 at the open, that puts 1107 in play. below that, puts 1083 in play

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  28. lol.

    apparently it doesnt really follow's jay's dec energy chart eh

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  29. THE MAIN trend is DOWN till Monday

    How it gets there is another story

    as we watch the UNDULATIONS which are typical in a declining trend

    Dec is NOT a crashing type month, so anyone expecting such will be sadly disappointed

    Some one identified 1055 as a potential price level in the comments yesterday, and I see no reason to negate the possibility

    COY, your intraday timing was right on target for
    Wed- thanks


    Thursday might NOT start out weak
    but should end lower.
    I had mentioned 1102 area as resistance and It looks like that is still viable

    Jay

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