---------------------------------------open----11:30L---2pmH---4pmLThese times might not work out exactly but they should be close, or at least give us
some idea as to the flow of the day
ITS really hard sometimes to determine WHERE one day ENDS and the NEXT day begins
As I posted, we SHOULD expect a LOWER open which above looks like it
could have been at close yesterday as there was a minor set back in last hour
BUT now we see the effect of the eclipse on the trading of the 14th , and its after effects.
today we have
204bars at 11;30
228bars @ 1:30
258bars @ 4pm OR open Tuesday
Jan 19 is a BRADLEY turn date - FWIW
Jay
69 comments:
Great day to add Longs
ptg
out of longs short 1142.25
NOT quite yet ptg.
Give the mkt a chance to settle in
unless you want to scalp a few points today, the graph does show potential to rebound as shown
204bars at 11:30 can be important pivot today
Jay
I agree with the lower close holiday monday profit taking before a long weekend
jay
yes I meant specifically by day's end or sooner as you noted.
ptg
I have lower low Tues then up FWIW.
GLTA Curt
We might get a CIT around 12:16 EST when the Moon moves from Capricorn into Aquarius and the way it looks right now, that could be a major low.
gis
took a shot at adding some longs at 1139 cash
ptg
thanks Gis
We also have Merc direct at 11:53
but I think the 204 bar cycle low at 11:30 would be the dominant pivot low today
Jay
out shorts 1135.75 flat
more longs at 1137 cash
ptg
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&st=2009-12-25&i=p54876315426&a=188210893&r=162
Mercury Rx is over around noon today and price should be at 1137
Astro 8
I am so tempted to short this market
Linton
WAIT IT OUT
or at least for a mid day rebound
Jay
okay just loaded the truck full of longs. more at 1137
ptg
Looks like 1136 is met &
now 1123 is on the boards
Just as I previously projected
A dip to 1123 area would set up
wave '1' Tuesday
then look for wave '2'
on Jan 22nd and the start of wave
3 to Jan 29 --4to Feb 1 & 5 ending on FEb 2nd
Jay
long 1134.50
10 pt rule has been working good for me for a while
ptg
youre nuts man.
kev
rrman
youre screwed buddy. market is finished. It top yesterday.
Ian
the way this is falling away here the 22nd could just be a lower high.looks like the 15th fibbo day cit,came a day early.ians master cycle wins...for now.looking for a low around 11:10.
Flashfusion's HOLE is happening now!!!
xx
Ian said Jan.8 was "THE TOP".
His master cycle was WRONG!
x
I'm screwed after making 15 plus point gain in last 24 hrs?
I'm adding more Longs for all you naysayers here.
@1137 400% Long
ptg
Jay i'm thinking your right on 1023 but on the 2nd dip on your chart
??? we havent really gone above jan 8th top,have we?
the great ptg has finally fallen off the wagon.
kev
ptg
put that bottle of vodka away. you're not thinking and looking straight. your charts are upside down today.
kev
Never question FlashFusion!
Simon says.
added longs 1133.25
oops! looks like 11:10 was a high.
bought more longs 1131.75
where's that "simples" character.
would like some sage advice.
kev
rrman & ptg
you both are F@#ked!!
sell and save face.
kev
Kev, I will aruond 1144 ish
people
More Tech comments and less personality quips
Thanks
Jay
Some of you feel you have to be in the game every minute- but yu dont
Sometimes its best to stand out and get a good look at it.
Jay
stopped out 1129.75
long myself here for a small upmove.1132.9 cash
The TOP is in OFFICIALLY. I don't think that's questionable.
Goodluck
Ian
1125 will be printed today.
This correction will reach 1110 min , and probably down to 1090 in next 2 weeks.
Simples
rrman
could ypu elaborate on that 10 point rule?
I've never heard that before.
thx
sally
If long is desired wait for spx cash 1130
Top may be in for IT at spx cash 1150
simples
will we bounce here soon?
sally
Sally, the last few months the MM's havent let the bears have much more than 10 pts at a time...of course this does vary some but rule of thumb take your profit 10pts into the move and you will do fine in this trading range type market....
thanks rrman
sallly
Jay's 2 PM high should give us bounce to ES 1134-1136
will be good short entry to LOD at close may be 1126
taking 1.5 profit.
have to break 1130.75 to trigger my buy for this move
Very interesting
http://slopeofhope.com/2010/01/its-about-time.html
Simples
back short can't break 1130.75
RRman you mean spx cash or es 1130.75?
alway es for me :-)
ITs now 2pm, and it looks possible the lod may have occurred at 1:15pm
1pm is a typical hourly turn
and
220bars which on occasion makes an appearance
If they close on the low today, then we would have to consider 258bars or 21 hours complete
that would allow at ;east part of Tuesday to rebound till at least the 10am or 11 am turn times
There are 2 readings which contradict each other on the 19th
In a nutshell
one says GO, and other says NO
Go first to start, and no second to finish the day.
leading to an opening low on WEd at 90 bars at 10;30am, along with moon # Uranus at 7:20 = uncertainty AND moon 135 mars = lots of anger.
Basically
IF you missed today's selling, then the next best opp should come on Tuesday by 11am
I will be posting the daily chart
on the 18th late in the day which will confirm the above projection
OR NOT -gg
Jay
IS that REALLY IAn making comments over here? or is it some one pretending or copying from his T&C
if we can't get above 1130.75 I'm thinking 1125.5 is on the books today...any thoughts?
1125.5-1126 is good long entry we should see it today by the close
should be a hoiday profit taking short squeeze before close.
tlc
a nice close would also boost moral for the long weekend as well. Obama will make sure of it for MLK day.
tlc
anyone going long over the weekend?
went short at the close...
Reminder: stock market is closed Monday, but CME futures start trading Sunday night at 18:00 EST as usual, halt at 11:30 EST Monday, then resume the normal schedule starting at 18:00 EST Monday.
Have a good weekend everyone
next week is big week to go short. sell the rally and hold short for at least a month.
once you take profit, psychologically difficult to get baxk in. drop will be fast.
best opp for swing trade
Long does not look good over the weekend
I went 500% Long at the close.
Big up day Tuesday. Going to make unreal profits.
ptg
What's the matter with you guys. We can possibly go higher. I don't think you realize what just ended today and btw, today's low is the important pivot and not the Jan12 low.
Oh well you'll find out soon enough. Come Tuesday you'll be saying wtf. what just happened?
ptg
Long&Strong
When the market is back @1145 cash I will have made huge profits again. It's coming big time boys!
ptg
PTG, Day after MLK is a bit negative. I am still long
PTG, agree that 1145 cash is in the crads.
we also want to focus on IT fir IRA accounts, where you cannot day trade. we may even make slight new high 1156-1165 (very low probability) but after 1/19 or 1/22 look out for giant drop in few weeks 3 to 5 weeks. -- a 20% likely drop. That is wheere the money is
If need be. i have a feeling the open on tuesday will be lower. might long there till 22nd.
Hopefully, but unlikely, the market makes it to 1160++
Linton
I think Tuesday "opens" higher, maybe 10 points higher. We'll see.
Remember FlashFusion has the 19th as first upleg. So Tuesday opens higher becauser 21 hour cycle is bottomed and then falls later on Tuesday.
So again, Tuesday could likely be a down day by close, BUT it opens higher then we are now.
ptg
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