Slight adjustment making the first LOW now on the 25th rather than it making the final high
Whats IMPORTANT is the END OF MONTH depiction, now starting from Jan 19th
Bradley date of Jan 19th triple top at 1150 spx was within 3 trading days of Jan 14th ECLIPSE
high
Earthquakes occurring with major geomagnetic forces
and now appears might be the orthordox high of 2010
As you might remember, my game plan was to get short on what I suspected to be the month's high on
the Morning of Jan 22nd.
the political events of this week including elections, Supreme court decisions,
and proposed Govt intervention in banking has CHANGED THE GAME
And notice how ALL THIS CAME OUT AFTER JAN 19th
Jan 31st has some serious effects of which we have already seen
Saturn 90 Pluto
Saturn = restrictions
Pluto = death & rejuvination
FORCED CHANGES--- thats an understatement
more later
Jay
36 comments:
So Jay I take it your not going short today? Coy says up, your chart says down, Helge says big down day today and monday....
hmmmm
Coy chart does NOT neccesarily mean UP as far as stock prices are concerned
its an energy chart- not a stock chat
And YES I got short at 3;45 yesterday and will add more if we get ANY upside prior to 10am
Most likely will close out those shorts today at 3;45pm, even tho I expect Monday to also sell off, but again [[ IT MIGHT OPEN HIGHER.]]
Jay
So much for spx 1113
GONE
Jay
Power index which is a forecast of energy for the day starts at 500, and drops to 350 by days ends
confirms the DAILY graph that Jaywiz posted
Jay
Jaywiz index = .18 = SELL
Co-relational dates
1/22/2010 = 2/2/2009
looks like another shorting opp possible at 11am as they make a little comeback.
Jay
$VIX weekly controlling tl = 24.24
Gold bugs are in big trouble, GLD weekly tl = 108.02
USO weekly controlling tl = 36.15
Small Caps hanging on the ledge
IWM: 62.42
XLF daily controlling tl = 14.39
btm is in
everything is in divine order
$SPX trades 1111 @ 1111 est
Can someone give some hint at Close today and Monday 25th? Is SPX 1100 the bottom? Where do we go from here? Please write conclusive view.
sandra
1080 has to be in the works for today or monday depending on how we break
I wonder if this is that bounce on Helges chart at around 2 pm eastern i got out of my short think ill watch it
strong close
it looks like it runs from 230 to 330 or so eastern then down the last half hour or so
rrman
typically, IF 3;45 is making a LOW, then 4pm will usually back off a bit
DId anyone notice
the reading for today was posted several times
Jan 22nd
Afternoon RUNS OUT OF STEAM
Duuh thats for sure
Jay
Monday has
39 hr cycle @ 10am
60 bars at 10am
Monday Should open down and make an initial low at 10am
secondary low might be lower or not at noon to 1pm
Today is an 8day Turn
Monday is an 8 day LOW
Expect a late rally to recover and flow over into Tuesday AM
But the reading for Tuesday says
EXPECT a MOOD change from GOOD to BAd after the morning
Jay
AS I wrote
MORE BAD NEWS will follow
keeping the pressure on
Jay
thanks Jay according to your January Chart this is just the warm up before Feb 2nd.....
The ritual is over, hopefully everybody had fun.
The skids are just getting greased for the big feast commencing feb. 1.
The 5 day fast starts on Monday.
$VIX back-kissed it's 11/25/2009 trendline
XLF back-kissed it's 10/14/2009 trendline
To,
What do u mean by Feb 1
Reza,
Feb. 1 is the start of the journey for the Financial Cystem(yes that's why they call it a system) though it's terminal phase.
Everybody just participated in a ritual for the past 3 days, I have been walking everybody through it with my posts.
A world based on numb-ers but since people are numb to numb-ers the illusionist always wins.
Don't let the illusionist manipulate your energy.
This game is based on numb-ers co-relational to the macro CON-struct, so why people pay attention to the Nooz(NorthEastWestSouth)or Pol-it-ic-al theatre is beyond me.
Study them numb-ers and your intuition will guide you through the dark path.
TO,
Does that mean up or down on beginning on the first?
come on TO cut out the Quatrains...
Jay I guess the last few days was to get rid of the fake rally we had after the New Year and now we will get the normal correction that we never got in December?
I meant beginning the 1st sorry for typo
To:, I am trying to understand your calls here. Thanks for your posts.
do you mean we go down big time starting feb 1?
On a mega level I would agree as the social mood has changed, polticians have decided to go after the bankers after the massachusetts message and people on left, center and right are upset for being used by big money.
Big money will not go down questly though. they have the power. they can hire muscels and TV adds.
fascinating time in our history -- all approaching chaos.
Mkt: expect bottom around 1084 -- short term that is.
to
You are enigmatic really. Any blog where I can read you more.
5 day fast means 25th to 29th fine but what kind of feast on Feb.? What we had in this past week was just an appertive?
pk
TO are you short right now or what is your position. Please share.
What is your plan for next week.
So it looks like maybe another 10 pts down monday before we turn sometime during the day then 20 or 30 runup monday afternoon and tues ....
have a good weekend Jay thanks for all the help
Sam
What about the gap at 1070's
Here is an excellent AND REALISTIC analysis for the next few days: FROM PUGRIDRION
MYTAKE BOUNCE ON mON TO 1104-1106 AND DROP TO 1085 TO FINSH THE FIRST ROUND OF DOWN DAYS. tHEN BOUNCE TO 1120 AND DOWNTO 1150.
4:25pm (CST): As I mentioned in the morning update as a possibility, it's clear now that the morning low 1104.93 was only wave (3) of A. Even though today's bounce to 1115.49 was not long in time, it could be considered wave (4) based on it's corrective structure. The impulse down in the afternoon was likely iii of (5), which ended at 1090.40. I believe we have iv of (5) and v of (5) yet to come on Monday. Wave v of (5) of A could reach the 1085 support area. I'm looking for the B wave of this large corrective to re-trace back up to around 1120 to 1130 over the next one to two weeks. And Wave C down to be reach levels in the 1050 to 1065 area by early March. This C leg of the large correction end near where the 200-SMA will be at that time.
If you did not have a chance to get out of your long positions during the bounce to 1123 yesterday or to 1115 today, then you should be about to get out of them during the B-leg up. And if you played the market short after the drop below 1130 or 1115, then you can look to cover at the end of the A-leg around 1085 to 1190 early next week.
Enjoy the weekend !
FROM A BLOG:
Banking comments today: Paul Volcker has recommended that banks should be limited in their size and scope. Obama reacted and has thrown down the gauntlet ... probably too fast. It should not be forgotten that Goldman Sachs and the other "big banks" have power and they will not give in to Obama's new scenario without a fight. That fight could affect the markets until Obama cries uncle ... and that could mean a nasty fight unless the two try to find some happy medium. It is not our fight, but we could get caught in the middle
"do you remember this"
------------------------
What I remember is Jay, adamant about holding off till Jan22- as per his graph-to short for the BIG gain and chastising others for going short early.
Well the big plunge came a lot sooner didn't it. That's why you don't cop an attitude because more than likely you'll be dead wrong -worst case, or need to make serious refinements-better case.
goodluck
bg
Glad I don't listen to jay.
to
Hi,7 december write:No more time to the right of January 8, 2010.The market for lateral side just a few days breaking down, now we expect a short recovery, the sp500 should not lose 1080 in the next week and head towards the 1120-1125 level that would open short start looking for a strong fall in February . Before 11 March, early days, we expect the s & p500 index is at least 350 level pùntos.El crash has begun. " Regards from Moscu.
Yes , I have been a bull and bear.
Everyone looking for a bounce for the "ideal" short entry ?
Well Mr. Market might not be so accomodating for what everyone "expects"
I am mentally prepared for a possible 15-20% correction in 2 weeks.
I think we may even see a 9 handle.
The ferociuosness of the 3 day drop leads me to believe this is no "ordinary" correction.
Technically - put up a daily chart.
Change the slow stochastics to "39,1".
The June -July shallow correction took this single line to below 20 at 15.
We are now at 47.5.
We have along way to go to get the same oversold condition.
I would be very careful buying dips here waiting for the "ideal bounce"
Simples
GREAT Comments
thanks
Keep it coming
everyone has some really good ideas to project, and its amazing how different we all are, yet the same
Jay
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