I wrote "Today's action was very bearish...does not feel like the declines of last year. Real buyers are absent. We probably go down faster than people think further crushing the buy the dip retail herd" Now futures are tanking badly. Like I said, something feels very different about this decline. It's very strong and relentless and could be the start of something big like last March. Careful going long. Looks like many traders are going to miss out on the short of the year.
This is a headfake we will have a big up day tomorrow this is the same as of what was going on in the uptrend the big moves happening afterhours we will recover before open
we can't go down too much before fomc day they will rally for it this is like the Dubai drop just fuel for the jets to get us above some supports and get us up for fomc wed
Im ONLY putting out data and charts that are available to us
just because I post Coy's chart doesnt mean I agree with it all the time MY graph takes PRECEDENCE over all others. OR I guess YOU want a DISCLAIMER with all the things I show you
I HAVE NOT CHANGED THE FORECAST
A LOW ON JAN 29Th and/or Feb2nd will SPARK a rebound till at least FEB28th and or Mid march before making another lower low
The Jan29/Feb2nd Low should mark at least 10% reduction which is what I postulated b4.
That takes us back to the OCT- NOv lows of spx 1030 area.
any more than that is a gift to the bears- DONT THROW IT AWAY and Dont expect FEb to drop further WHen BEARISH SENTIMENT gets HIGH, it infects bears who want to see more, so DONT get sucked in
rrman I really thought the DAILY graph Ive been posting was self explanatory
Ive tried to pin times to it as best I can, but since it doesnt come to me that way- I have to interpret like anything else the market provides to confuse the many.
ive got tomrrow's graph, but only partial so posting would again confuse rather than clarify. I'll put it up later today, but it does corroborate a rally till at least 2;15pm tomorrow as per Araks' reminders about Fed day
Jay What happened to your own graphs, indices and ideas based on your own instinct and astro. That was better than all these earth charts and other charts. All this is fine but pure entertainment and no reality. I rely on your own readings and that is what most people want. We can discuss other people's views but we need a clear direcction and not fuzzy ideas. I hope you agree.
This chart seems to be in opposition to the Jaywiz chart
18 comments:
Jay please explain these charts all they do for me is cause confusion
rrman,
agree with u. Confused
JAY WIZ
whats up man. Is the market going up now? I'm really confused here!!
Out of shorts went long 1087.75 will ride the wave up for tomorrow
I wrote "Today's action was very bearish...does not feel like the declines of last year. Real buyers are absent. We probably go down faster than people think further crushing the buy the dip retail herd"
Now futures are tanking badly. Like I said, something feels very different about this decline. It's very strong and relentless and could be the start of something big like last March. Careful going long. Looks like many traders are going to miss out on the short of the year.
This is a headfake we will have a big up day tomorrow this is the same as of what was going on in the uptrend the big moves happening afterhours
we will recover before open
went long at 1082.5.
we may see 1080-1078 on ES as a spike fr few minutes and then rally. or we may simply may not be this low and recover in am BM
rally limited to 1103 max and train goes down hill 1020 by next week
Tomorrow could be bloody folks. Don't fool yourselves. There was no bottom put in today. We'll probably touch 1070 tomorrow b4 any bounce
cj
we can't go down too much before fomc day they will rally for it this is like the Dubai drop just fuel for the jets to get us above some supports and get us up for fomc wed
Futures are lock limit down...yikes!
Think it's time to just blindly short everything tomorrow as we head towards 1065
we have just entered a Puetz eclipse crash window:
http://thespiritoftruth.blogspot.com/2010/01/puetz-eclipse-crash-window-is-in-effect.html
thanks cj
My thoughts exactly
WHY are You confused
Im ONLY putting out data and charts that are available to us
just because I post Coy's chart doesnt mean I agree with it all the time
MY graph takes PRECEDENCE over all others.
OR I guess YOU want a DISCLAIMER with all the things I show you
I HAVE NOT CHANGED THE FORECAST
A LOW ON JAN 29Th and/or Feb2nd will SPARK a rebound till at least FEB28th and or Mid march
before making another lower low
The Jan29/Feb2nd Low should mark at least 10% reduction which is
what I postulated b4.
That takes us back to the OCT- NOv lows of spx 1030 area.
any more than that is a gift to the bears- DONT THROW IT AWAY
and
Dont expect FEb to drop further
WHen BEARISH SENTIMENT gets HIGH, it infects bears who want to see more, so DONT get sucked in
Ive written this WARNING many times b4
Jay
no disclaimer Jay just not sure how to interpret it i understand its not price levels just some interpretation is all I ask..
rrman
I really thought the DAILY graph Ive been posting was self explanatory
Ive tried to pin times to it as best I can, but since it doesnt come to me that way- I have to interpret like anything else the market provides to confuse the many.
ive got tomrrow's graph, but only partial so posting would again confuse rather than clarify.
I'll put it up later today, but it does corroborate a rally till at least 2;15pm tomorrow as per Araks' reminders about Fed day
Jay
Jay
What happened to your own graphs, indices and ideas based on your own instinct and astro. That was better than all these earth charts and other charts. All this is fine but pure entertainment and no reality. I rely on your own readings and that is what most people want. We can discuss other people's views but we need a clear direcction and not fuzzy ideas.
I hope you agree.
Yeah Jay I love your daily graph its Coy's that we have trouble understanding :-)
OK
I get it
Thanks
Jay
I'm looking at 1105=1110 to get out of longs and go short after lunch
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