Thursday, December 10, 2009

Which WAY NOW Mr Elliott wave ?

Chart from Columbia's public pages - go over there and vote positively
Hes 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:

  1. Welcome member # 83

    thanks for logging in

    Jay

    ReplyDelete
  2. 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

    ReplyDelete
  3. thanks TO

    GREEN TIDE shows what I hinted at today

    EARLY DEmise
    3pm end of recovery
    LATE DEMISE

    Jay

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  4. 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 ?

    ReplyDelete
  5. Anonymous11:21 PM

    Jay

    Nice!!!!!!!!!!

    y

    ReplyDelete
  6. Anonymous1:07 AM

    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.

    ReplyDelete
  7. Anonymous8:28 AM

    Short the Open!!!!!!!!!!!

    y

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  8. Anonymous8:35 AM

    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

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  9. Anonymous8:56 AM

    Flashfusion's Simon is going to Fail this time.

    peter

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  10. Anonymous9:36 AM

    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

    ReplyDelete
  11. 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 :)

    ReplyDelete
  12. Anonymous10:50 AM

    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

    ReplyDelete
  13. 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

    ReplyDelete
  14. Dollar gapped above an important tl

    UUP level to watch on today's close: 22.68

    ReplyDelete
  15. Anonymous11:24 AM

    SHORT!!!!!!!!!!!!!!!!!!!!!!!

    SHORT!!!!!!!!!!!!!!!!!!!!!

    y

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  16. Anonymous11:31 AM

    All in short, this is the end of the sideways action.


    x

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  17. Anonymous11:45 AM

    Looks like blogosphere is right this time. Fully short and loving it!

    c

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  18. This comment has been removed by the author.

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  19. Anonymous12:16 PM

    Adding more to shorts. This will break soon imo. They can't keep pushing this up on no volume.



    x

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  20. Anonymous12:34 PM

    mr markets had his fun,this should grind up until 2:00 before a small pullback now.

    ReplyDelete
  21. Anonymous12:57 PM

    LONG!!!!!!!!!!!!!!!!!!!!!!!!

    LONG!!!!!!!!!!!!!!!!!!!!!!!

    y

    ReplyDelete
  22. Linton1:45 PM

    I thought not too long ago, y was calling SHORT SHORT!!

    ReplyDelete
  23. 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."

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  24. I am short though at present expect 1089 maybe

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  25. got stopped out of short. still good chance to go down from spx 1107-1108

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  26. Anonymous2:08 PM

    short 1107.4

    ReplyDelete
  27. Anonymous2:09 PM

    I got 3 points on the SHORT. Now I am LONG!!!!!!!!!

    y

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  28. Anonymous2:11 PM

    Long 1106, we're breaking out. Shorts will get crushed here.

    ReplyDelete
  29. I agree after 8. short at 1107.4

    ReplyDelete
  30. Anonymous2:23 PM

    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.

    ReplyDelete
  31. Anonymous2:35 PM

    getting out here for 0.1 lol.does not want to go down.

    ReplyDelete
  32. Anonymous2:41 PM

    hate it when that happens.

    ReplyDelete
  33. Anonymous2:54 PM

    That was a nice fakeout, we're going higher this time...stay long


    t

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  34. this is failed rally to HOD. it should go down here. or else bust high

    ReplyDelete
  35. Anonymous3:12 PM

    Samametha

    she ain't going down. Try the Long position. You can get off at the top when she's finished.

    Gary

    ReplyDelete
  36. Anonymous3:33 PM

    So let's see, based on all the comments, we're either going up or possibly down. Love this blog...so insightful.

    ReplyDelete
  37. Anonymous3:38 PM

    anonymous:

    thx 4 da insight.

    ggg

    ReplyDelete
  38. Anonymous3:40 PM

    anon,

    better than showing 5 charts of elliotwave and still getting the direction wrong

    ROTFLMAO

    steveo

    ReplyDelete
  39. 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

    ReplyDelete
  40. Anonymous3:59 PM

    Gap Down on Monday

    ptg

    ReplyDelete
  41. Anonymous4:05 PM

    7 pt range today,6 yesterday.its gruelling viewing in all honesty.

    ReplyDelete
  42. Anonymous4:27 PM

    after8

    that will change on Monday.

    Q

    ReplyDelete
  43. 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/

    ReplyDelete
  44. Linton7:14 AM

    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

    ReplyDelete