Chart from Columbia's public pages - go over there and vote positivelyHes got a great collection of charts that update when you refresh
You can label this chart to be bullish or bearish
1106 at 9:45 am was very strong resistance as shown on the last posting
Can they overcome it and go to the next level UP??
after 1106 we can get to 1110-1112
OR if they open DOWN right away, they can rebound back
to unch at that 10:02 moon Jupiter trine
Are we half full or half empty ?
YES we are STILL in DOWN TREND TO MONDAY
waiting for the next 5 wave series to drop to lower support - wave "C"
to either 1071 or 1051 as previously shown
Yeh, I know, weve got lots of non believers
___________________________
After Monday there are very few indications of trouble and an XMAS rally appears eminent
BUT it cant start from here-
theres got to be some kind of shock wave to create NEGATIVE SENTIMENT
And the aspects indicate such is coming.
the weekend has more negative connotations that tomorrow,
& SINCE there is NO time left --
{{{{ sumthin's got to GIVE }}}}}
__________________________________________
AFTER Monday Some are projecting 1150 to 1200 spx
900 pts wre lost
900 x 62% = 560
666 + 560 = 1226
1937 rebound made it to 62.8%
more later
Jay
44 comments:
Welcome member # 83
thanks for logging in
Jay
Daily Wrap:
continued divergence in financials from broad market speaks volumes about what's right around the bend
per my post from last night I'm looking for a swing low around 1055,then a move to 1133-1144, then a move to the monthly de-lever point for the operators:
SPX: 910
GS: 135.23
AAPL: 134.42
Oil back-kissed an important trendline from 6/11/2009
thanks TO
GREEN TIDE shows what I hinted at today
EARLY DEmise
3pm end of recovery
LATE DEMISE
Jay
Jay - can you elaborate - what is Green tide ...
Also, when you say early demise, end of recovery late demise ... basically you are talking for a intraday moves tomm i.e. fall, rise into 3 pm fall ?
Jay
Nice!!!!!!!!!!
y
As long as the Banks keep investing your money in Big Pharma, and the Military Industrial Complex, we'll keep getting these "manufactured" pandemics and wars, hyped and sensationalized by our government and corporate media whores.
Short the Open!!!!!!!!!!!
y
Oh No!
Everbody on the Blogosphere is seeing the 3 peaks and a Domed house....expecting a move down.
Not good for the bear case as the dumb money is betting on down.
xx
Flashfusion's Simon is going to Fail this time.
peter
Reeza,
Being out all day, I missed your request.
Today, Friday, IMO, there are no intraday trade setups. Today is basically an unfettered up day, setting up Monday.
Coy
Coy - you are expecting a complete up move into the close today ?
Any targets ?
Also, what are you seeing for Monday ?
Thanks for sharing your thoughts :)
AS,
Yes. A complete up move into the close. After noon, we may see a slow steady rise, practically linear, into the close.
Monday, has strong bias to the downside. I can't give you a number.
Tuesday, strong up.
Coy
important weekly trendlines:
SPY: 111.24
AAPL: 192.12
looking for a move down on aapl into the early afternoon to flirt with the tl.
as the monkeys continue to pump the futures to flirt with the weekly tl, financials and $NDX flat
Dollar gapped above an important tl
UUP level to watch on today's close: 22.68
SHORT!!!!!!!!!!!!!!!!!!!!!!!
SHORT!!!!!!!!!!!!!!!!!!!!!
y
All in short, this is the end of the sideways action.
x
Looks like blogosphere is right this time. Fully short and loving it!
c
Adding more to shorts. This will break soon imo. They can't keep pushing this up on no volume.
x
mr markets had his fun,this should grind up until 2:00 before a small pullback now.
LONG!!!!!!!!!!!!!!!!!!!!!!!!
LONG!!!!!!!!!!!!!!!!!!!!!!!
y
I thought not too long ago, y was calling SHORT SHORT!!
FWIW: from a blog
" Option Claus
No doubt traders will hear about a possible “Santa Claus Rally” many times in the next few weeks. When looking at the S&P 500, though, I found the best week in December to be option expirations week. The edge has been especially pronounced over the last 24 years. During that period the market has closed the week higher about 81% of the time."
I am short though at present expect 1089 maybe
got stopped out of short. still good chance to go down from spx 1107-1108
short 1107.4
I got 3 points on the SHORT. Now I am LONG!!!!!!!!!
y
Long 1106, we're breaking out. Shorts will get crushed here.
I agree after 8. short at 1107.4
i dont want to stay in this too long sam,if no down in the next 10 mins or a new high and im out.i will look to flip long on any decent dip.only as a day trade.might short the close then lol.regards.
getting out here for 0.1 lol.does not want to go down.
hate it when that happens.
That was a nice fakeout, we're going higher this time...stay long
t
this is failed rally to HOD. it should go down here. or else bust high
Samametha
she ain't going down. Try the Long position. You can get off at the top when she's finished.
Gary
So let's see, based on all the comments, we're either going up or possibly down. Love this blog...so insightful.
anonymous:
thx 4 da insight.
ggg
anon,
better than showing 5 charts of elliotwave and still getting the direction wrong
ROTFLMAO
steveo
gary, I agree, next week is up week. I am already in sso calls.
if it goes down monday am, I will go long more
Gap Down on Monday
ptg
7 pt range today,6 yesterday.its gruelling viewing in all honesty.
after8
that will change on Monday.
Q
I AM GOING HOME SHORT OVER THE WEEKEND VIA A FULL POSITION IN TZA... NOW 200% SHORT!
BY THE WAY JAY, PLEASE POST A LINK TO MY FITNESS BLOG ON YOUR BLOG LINKS...
http://kirksfitnessblog.blogspot.com/
So... the outlook for monday still remains and gap down??
I really don't see how SPX is gonna drop 30 odd points in a day
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