I dont have a graph of year 2000, but you can send it to me if you want
HOWEVER<
Jan 14th was the HIGH
End of Jan took a hit
APRIL 1st to 15th took a MAJOR HIT
Not that we will have EXACT dates this year, but the cycles may be quite similar
btw, this is NOT a GUESS
Jay
MORE NOW
Feb 2nd is related to a number of previous FIBO lows
55 tr days = NOV 12 L
144 tr days = july9th
233 tr days = 3/3 within 3 days of 3/6
377 = Aug 4, 2008
610 = Aug 28/07
Jay
27 comments:
Check this out guys.
Pretty interesting outlook.
Says lower next week, then highs on 1-3 feb
http://www.ganntrader.org/WR3Engjan18.pdf
wow jay. you're proposing a decline ending on April 6? that is really a bearish prediction. Does anyone else have similar expectations? Anyway, I guess we'll see. Interesting stuff. Thanks.
mortie
Thanks for the link, Linton.
mortie
Jay, the fundamentals are SOOOO different now as opposed to year 2000 when the economy was roaring after a Trillion Dollars was spent on Y2k items. The 2000 decline started because Corp technology budgets were brought back to normal and terrorism was igniting. I hope your wrong and the 2009 to 2012 timeframe more closely mirrors the 1996 to 1999 graph. John
Linton
I'm selling all Longs tuesday morning and buying a 6x(600%) leveraged short position into Wednesday-Thursday.
ptg
btw, chartsedge is updated here,
http://unbiasedtrading.blogspot.com
ptg
ptg
whats the ETF symbols for 600% leveraged
I thought that 300% was the highest
leveraged etf
Thanks
Jay
I have 10 seperate trading accounts. So thats (3x)x 2 accounts).
;)
ptg
futures are falling
sam
Interesting channel from Josh if it holds tonight tomorrow the futes could drop to 1120 by tomorrow...
http://1.bp.blogspot.com/_RHfXXuyE7EA/S1OImHW7wcI/AAAAAAAAEfk/4mc64o7NjzQ/s1600-h/es1600.jpg
nope waitaminute, yep , futures are rising now. I think they're gong to hold support.
sam
Looks like charts edge, jay, helge, are all pointing down till wed / early thurs
oh btw ptg / jay
What's the symbol for 300% leveraged ETF?
thanks
Bullish
ERX – Energy Bull 3X – 3x the Russell 1000 Energy index.
FAS – Financial Bull 3X – 3x the Russell 1000 Financial Index.
BGU – Large Cap Bull 3X – 3x the Russell 1000 Index.
TNA – Small Cap Bull 3X – 3x the Russell 2000 Index.
TYD – 10-Year Treasury Bull 3x.
TMF – 30-Year Treasury Bull 3x.
Bearish
ERY – Energy Bear 3X – 3x inverse the Russell 1000 Energy index.
FAZ – Financial Bear 3X – 3x inverse the Russell 1000 Financial Index.
BGZ – Large Cap Bear 3x – 3x inverse the Russell 1000 index.
TZA – Small Cap Bear 3X – 3x inverse the Russell 2000 index.
TYO – 10-Year Treasury Bear 3x.
TMV – 30-Year Treasury Bear 3x.
ptg
http://finviz.com/map.ashx?t=etf
futures behaving nicely.
sam
On Friday the market sold off hard on options expiration day, however no one should be too surprised as this was long overdue; the market had been up 15 of the last 18 days essentially. The market managed to hold onto 'key' support on Friday's sell off (the uptrend line from the July 09 lows) and on the S&P 500 the key support is around 1130, however the market feels toppy to me; the onus is now back on the bulls. However here are a few concerns of mine: We are now in the heart of earnings season and the market didn't respond well to good earnings from INTC and JPM which is differnet from what we saw last year. Also I looked at over 1000 individual stocks over the weeknd for trade setups and only a handful of Longs were found.
Matt Frailey
seems like futures are higher
I Like your blog and hope like the blog maintained by me http://www.i-am-warrenbuffett.blogspot.com
Hi Sonika
thanks for logging in and for the link
Jay
Jay.
Any idea when on tuesday you expect an intraday high and rollover?
chris
Seeing multi-timeframe positive divergence on the TSX today.
11am chris
out of my long short 1135
No new high today. It's going to drop like a stone. Longs are screwed.
x
long looking for 1140 or more
Market is take off now! No cras coming. It's all blue skt.
ppt
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