As you can see from the chart above that Jan 11th has the potential to move higher12th & 13th appear SOFT, but not dangerous
14 & 15th appear higher into Eclipse
The only thing that changed was the LACK of severity of the 6th to 8th,
but the mkt was somewhat subdued even tho the SPX did move higher each day.
Jay
As far as Charts EDGE is concerned- FU GED ABUD IT
Tuesday might be right
WEd might be Tuesday
Thursday might be wed
Friday looks ok
30 comments:
Long!!!!!!!!! Let's get to 1150-1160 today.
c
Activity index at 300 is the HIGHEST it has been in quite a while
Power index rising to 500 today, from the low of 300 this am could lead to some backing off after the open, but the end of the day should prove stronger.
power index Tomrrow holds today's highs
Propensity index shows gyrations which could match the above
but the TREND of it is UP even against those daily gyrations
Jay
I am now 300% short. Just loaded UP!
ptg
PTG
You wouldn't happen to be Kirk as in "kirkfitnessblog.com?
He's the only other crazy person I know of that's short this market
x
This pullback is a gift folks. Going long!!!!!!!!!!
ty
looks like big down day today should go down all day long
Poor Ian Rajacar @ "Times&Cycles"who called the top on Friday.
He's getting hammered today and for the rest of the week or month probably.
Cancel your subscription.
parker
Both Chartsedge and Helge actually seem to agree on the forecast this week, and it looks like they're off to a good start! ;)
yeah indigo I agree helges big wave down for today is beautiful
Get Lost!!! you 2.
You talk like Helge and Chartsedge are perfect!!
THey're not and I'm gonnna laugh when you 2 are wrong following those clown charts.
jimmy
FlashFusion
MKT: Another rogue wave down comin soon; let's get by this options pinning pullback attempt & then hit next 3 peaks in JAN., SIMON says !
Adding more shorts right here!
ptg
yep i added also we will go down thru close.....i will exit short on close to wait for pop tomorrow to reload for wed rogue wave flash is predicting
Short!!!!!!!!!!!!
steve
ok no rogue wave this week....but wed will be the low of the week..i think
FlashFusion
MKT: the rogue wave down isn't this week by the way, not by a long shot :-)
rrman, could I ask why you suggest Wed as the big down day? Saturn turns stationary retrograde on Wed at 11am, which usually signifies reversals, so if the trend today and tomorrow is down, then I'm thinking I'd go long for Wed. It seems like the big down moves during OpEx week usually happen on Thurs or Fri. Not sure what effect the solar eclipse, new moon and Mercury turning direct again on Friday will have on the option games though!
That pop this morning got sold off hard. I think that's very telling of what to expect this week. Anything above 1145 is a safe short from now on imho
c
http://www.cyclelt.com/INT.htm
look at helge's 3rd chart it shows the third down wave the lowest wave of the week even lower than the wave on the 31st then waves get higher later in the week
Folks
Ive mentioned this several times
but as traders I understand
YOU WANT TO BE IN THE GAME
However, as also mentioned
the NEXT 10 day are CHOP CHOP CHOP
and
it will KILL YOUR trades and portfolios
Stand aside= take a breath
and lets gather our thoughts and Money to take advantage the JAN 22nd TURN down to Jan 29th
100 spx points DOWN in 6 days will be the BEST SHORTING OPP of the new year, so far.
the next such event is not due until near the END of FEb & or early March
more later
Jay
JAY
I love ya bro.
But look. I bought a ton of shorts 1148 cash and sitting on a 5 point profit today alone. Watch my other shorts turn a profit too.
I'm in this game cause I know how yto play this game just rrman and indigo and others here.
Please don't patronize us.
Again, I love ya and your work and you got a great blog.
ptg
ptg you still looking for 1123 ish i figure today thats about it then maybe 1110 ish on wed?
Jay your right about the chop i figure the 10 pt ranges are about it have to be nimble thanks for taking care of us!
rrman,
i'd be happy with 1134--1130 cash target come Wednesday.
ptg
ptg
Not sure what your saying
Play it YOUR WAY for sure
Im just saying the BIG $4 short will be made AFTER Jan 22nd at 3pm to Jan 29
2 ways to play the game right now
YOUR way to catch 10 pt swings
OR Stand aside and make the big $$ on the BIG move
Yeh, I know, HOW DO WE KNOW that big move is coming??
Well YOU DONT but I do.
more later
Jay
Does anyone know what the current pain level for options is? Because the market always trades down (or up) to that level by Thurs/Fri.
And thanks very much Jay for the outlook into Feb, appreciate it greatly. It's definitely good advice knowing when to keep out of the market! Did you catch the latest post at http://markettimingcycles.wordpress.com/ btw? Matches your scenario if we get A down end of Jan, B up in Feb, then C down again in late Feb to early March. Then the wave 5 up into June/July followed by the nice big P2 down.
looks like we chop around until around 1230 eastern and then begin the 2nd leg down into the close
thanks INDIGO
Good to see some one else has the same scenario for next few months
Jay
PTG I am also short and must make a decision to cover by Wed. What is your criteria either technically or fundamentally which made you go short last week? Is it purely psychic, astro or some indicator or simply you are a contrarian? I just want to know so that I may take a decision.
Jay is forecasting a higher close and I want to know whats in store on Tuesday and Wed?
Flash posted this last week not sure
what he means..
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 :-)
anon,
we would like to give yuo some detail to answer your question but we dont know to whom we are giving this info to.
If yuove been here for any time period, you would have read some of my outlook for this week and may have already answered your question, so I have to guess you are NEW here
Please register as a follower so yuo cant be misquoted or misled
THANKS
then to answer your question directly
Higher today
OPENS hard down tomrrow
recovers by days end
Wed starts lower or choppy at best, but should recover into a high on Thursday
Friday says be flexible, so any rally might be suspect to a sell off, but I dont have power or Propens index data yet for friday.
Jay
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