Thursday, January 21, 2010

Jan 21- another view

Chart from Coy Morphew
looks exactly like the Jaywiz graph for same day

I knew there would be a time when I would lack confidence in the graph and feel a reluctance to show it because it might be wrong. But I didn't think it would be the third one. Imagine being long and seeing this chart at the open and you read the market is topping already.

Energy, after yesterday's close, peaks, dips, and peaks again going into the open about 0952 hrs. Futures should be up going into the open. I haven't a clue what the catalyst is for the market, but energy don't care.

I'm going to push the send button.

Coy

HI Coy
Welcome to the forecasters group[g]

more later
Jay

30 comments:

  1. Good Morning Jay thanks for Coy's chart I wonder how Flash's high tomorrow is going to work out doesnt look very good now but i hesitate to fade him he has been right on with his 3 legged top calls

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  2. out of longs 1134.75 went short also bought tza at 8.95 for IRA

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  3. Anonymous9:56 AM

    dear Jay

    Would you kindly explain the earth energy chart and how it is done or what is the basis as to the market?

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  4. Anonymous9:59 AM

    went long SKF the president is going to screw the banks they will no longer be able to day trade the markets

    Astro 8

    want to add to me position later

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  5. Anonymous10:01 AM

    obama screw the banks? ROTFLMAO!!

    it's the banks that put him in the whitehouse for goodness sakes!

    bill

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  6. Anonymous10:03 AM

    o ye of litttle faith

    Flash

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  7. Anonymous10:10 AM

    Don't get shaken out!

    Don't be a reddragonleao.

    pluto

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  8. Obama screwing the banks?--- Obama reads and does the public stunt, what the banks give him permission to do. The bankers, drug companies, insurers are the masters now. Under Bush were the oil companies

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  9. Anonymous10:13 AM

    Some strong waves up coming soon.

    x

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  10. Anonymous10:18 AM

    this churning action is healthy as long as it stays above my vwap line.

    stan

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  11. Anonymous10:39 AM

    Well maybe so but a democrat? Just seems like a nice fall guy to me so they can get a Republican next term

    Astro 8

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  12. sold short futs 1022.25 flat sold tza 9.30 flat may sit rest of day out

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  13. Anonymous10:54 AM

    The sell-off has only just begun.

    gann

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  14. Anonymous10:56 AM

    newsflash.

    Simon goes into hiding. Dog the bounty hunter is on his trail.

    peter

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  15. 9:30 hourly candle highest volume since 11/18/2009

    as the mini-ritual comes to an end tomorrow volume will continue to increase

    i can't lay it out any simpler than this as i said last nite

    Blogger to said...

    1/20/2010 is co-relational to:
    6/19/2009
    8/14/2009
    8/28/2009
    9/30/2009
    10/20/2009

    4:11 PM
    Blogger to said...

    per my morning post we got our co-relational low on the S&P of 1129 (1111) at 11:11 est and keeping with the ritual the crooks closed the S&P @ 1138 (1111)

    everything is in divine order

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  16. ritual continues in divine order
    $SPX trades 1122.65 11(1111).11 @ 11:11 est

    co-relational time & price

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  17. can you post a chart of one of the days your relating to...whats your target for today TO?

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  18. Interestingly, Red's weekend forecast from Keirsten is actually playing out. If he's right, then we may get Flash's up legs on Fri and Mon. Though I'm not sure about his Feb 9 turn date. Seems a little far out, but who knows really.

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  19. Anonymous11:37 AM

    tomorrow is the bottom

    be ready

    tom

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  20. Anonymous11:37 AM

    Red is the master

    don

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  21. went long 1116.75

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  22. As mentioned it is tied up with Mass. Senator, Uncle Ben. If Uncle Ben is not confirmed????

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  23. rrman,

    Did u look at the gap at 110.5 area

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  24. Anyone sees this thing going down to the 1100 vacuum, as Flash puts it? I think we may get some rebound soon until 3.15pm, then down again into the close. I'm just not sure where we will bottom.

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  25. yeah Reza i just find it hard to believe we get there today...

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  26. who is RED? does he post here?

    we may get a one more failed attempt to rally. will be weak one.

    Until end of feb enjoy down ride

    mini panic on feb 9 - 10

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  27. Jay's Jan 22 EOD is good date to load up shorts.

    or look at globex on sunday eve and get on the down hill train

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  28. Anonymous12:33 PM

    sam

    beware. You short on the 22nd and you'll waste the profits you just made.

    kim

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  29. It looks like 1114.81 is the line in the sand,according to GannTrader (the link Linton posted). If we stay above it, then we head to higher highs in early Feb. If not, then the intermediate top is in.

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