Tuesday, January 05, 2010

bearish divergences

From Danerics public charts

They JUST HAD TO GLOAT for one more day

A Bradley HIGh was met today
Next Bradley is 9th, but that could mean a low on the 8th - employ report??

Spx did NOT lead the DOW lower
and the DOW almost never leads the way lower

Yes Reza, we rally should see a gap down tomrrow and non stop to lows on the 7th at 3:45pm

Jay
at

45 comments:

  1. rrman5:40 PM

    Have a good evening Jay appreciate all the info...

    ReplyDelete
  2. Anonymous5:55 PM

    Jay & co.

    Anew blog you might find useful. New video entry.

    "simples" will like this one

    enjoy

    http://lambro-predictions.blogspot.com/


    mark

    ReplyDelete
  3. Jay Strauss6:55 PM

    Thanks MArk
    Lambro link on main page

    His S&P tech work is excellent

    Sets the stage for parameters

    Jay

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  4. rrman8:02 PM

    McClellan closed @ 27.30 , a very small move of +2.56 suggesting a large non-directional move shortly

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  5. rrman8:22 PM

    Posted on ticker forum
    Somebody bought 50,000 shares of Faz at 17.76 AH at 4:20 PM.

    ReplyDelete
  6. rrman11:57 PM

    FlashFusion

    MKT: 8.6 month turn is tommorow 1/6/10; then we have 1/11/10 where the SUN-Venus-Earth line up in a straight line; it's all GRAVITY :-)

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  7. Linton9:19 AM

    Reza, rrman going short @ 10am?

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  8. rrman9:48 AM

    added to shorts 1131.75 and 1131.50 think that pop should be it to the upside 5", 15" 1hr stoches are all at the top

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  9. rrman9:50 AM

    SPX's upside gap/magnet at 1136.52 from the open got FILLED,

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  10. rrman9:54 AM

    Good morning Jay hows your pulse this morning?

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  11. Reza9:57 AM

    Linton,

    I am out of longs now.

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  12. rrman9:59 AM

    if we hit 1132 again we will bounce because of the way they sold into it last time would be a good short if you have any ammo left i'm fully short right now this thing will drop without notice so i can give up a point or so to make sure i'm in ...

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  13. Reza10:00 AM

    back in longs

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  14. Reza10:02 AM

    EU not selling off, so will wait for shorts.

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  15. Reza10:04 AM

    EU almost positive, so not a big sell off on the horizon

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  16. rrman10:06 AM

    good call Reza for that lil pop

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  17. indigo10:13 AM

    Weird Wollie Wednesday today + FOMC minutes at 2pm probably suggests that the best time for a short is around 2.05pm. FOMC tends to pop and drop into EOD.

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  18. Reza10:14 AM

    Indigo,
    U may be right on that

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  19. rrman10:14 AM

    added some more shorts on margin 1133.25

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  20. Reza10:15 AM

    Where is Simples

    ReplyDelete
  21. UIK Trader10:16 AM

    FTSE shorts look good around here also , but may go as high as 5650 depending on US markets.

    ReplyDelete
  22. rrman10:17 AM

    the buy and holders don't have to get up early :-)

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  23. Reza10:17 AM

    rrman,

    I think ES wants to touch 1140,
    then reverse

    ReplyDelete
  24. Anonymous10:19 AM

    Simples is getting ready to exit longs at 1220 +

    Won't short till March as we may pop to 1300 ish.

    No point being too early.

    Think we will have a 2004 tight rangebound style correction March to October


    Simples

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  25. Reza10:20 AM

    Joe8888 posted this chart

    http://content.screencast.com/users/chartwiz/folders/Jing/media/7b63afda-a615-4912-b3b8-7de88ead5761/2010-01-06_1018.png

    ReplyDelete
  26. rrman10:20 AM

    maybe so I would think 1135 would be it i would figure 1140 they would save for friday but go figure....timewise Helge looks like 1230 eastern would be the drop

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  27. Reza10:22 AM

    Simples,
    If u look at the chart from 2000-2009, we made double bottom last year. So as you said 1300+ is given.

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  28. Anonymous10:23 AM

    Watch XOM.

    This has a 5% weighting .

    If it decides to fill that gap , markets will move up significantly.
    Already MACD cross.


    Simples

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  29. rrman10:25 AM

    Jay, whats flash talking about on the 11th? can you translate?

    FlashFusion

    MKT: 8.6 month turn is tommorow 1/6/10; then we have 1/11/10 where the SUN-Venus-Earth line up in a straight line; it's all GRAVITY :-)

    ReplyDelete
  30. Reza10:34 AM

    out of longs

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  31. Linton10:44 AM

    I'm out of longs as well

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  32. Reza11:02 AM

    Jay,

    What does the rest of day look like.

    Thanks

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  33. Linton11:08 AM

    Anyone here bought SPX puts already?

    ReplyDelete
  34. Reza11:20 AM

    Linton,
    Waiting as Indigo mentioned

    ReplyDelete
  35. Jay Strauss11:21 AM

    rrman
    What Flash is NOT saying

    If we dont get a substantial
    sell off to at least 1100 or lower in the next 2days, then Monday has the power to take the spx to 1166, imo.

    If they do sell off to 1100 or lower then Monday should top out at 1140

    could be the high of the month
    Bradley on the 9th= Saturday
    could mean a low on FRIDAY
    OR
    a HIGH on Monday

    Jay

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  36. Anonymous11:26 AM

    Natural bias is to the downside all day long, particularly 12:45.

    This is not a level playing field. Da boys are at it.

    ReplyDelete
  37. Reza11:31 AM

    Indigo,

    Fed minutes next week, not today
    lets drop it next week then

    http://www.federalreserve.gov/FOMC/BeigeBook/2010/

    ReplyDelete
  38. rrman11:41 AM

    fdx and bk two of my signal leaders sure don't look good

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  39. rrman11:49 AM

    shorted more at 1134 i'm done now until end of day

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  40. Reza11:52 AM

    rrman,

    I think short at es 1140 looks good, then long again at the 1120-1125

    ReplyDelete
  41. Anonymous11:55 AM

    Watch XOM.

    Its going to fill that gap.
    If it does the maekets will go up due to its massive index weighting.


    Simples

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  42. rrman11:56 AM

    my currency trader buds just flipped from long to short eur/usd thats my sign they are saying waterfall now..

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  43. indigo12:01 PM

    Reza, FOMC minutes released at 2pm today:
    http://mam.econoday.com/

    ReplyDelete
  44. Reza12:08 PM

    rrman,

    QQQQ is negative, so waterfall can begin any time. But go long at 1120-1125 area

    ReplyDelete
  45. rrman12:10 PM

    new post

    ReplyDelete