Went long at the close. Target 1150. We've had a nice 3 day consolidation that will serve as a launching pad. Financials seem to be leading the way higher.
VIX ($VIX) THROWS UNDER. ENDING DIAGONAL COMPLETE? The VIX proposed Ending Diagonal count can be considered completed. We are not sure about this pattern, but today the VIX did what is called throw-under beneath the ED 1-3 line. It then came back above the line. After an ending diagonal pattern completes, this is the first clue of a turn when throw-under is involved. The last hourly candle on the 60 minute chart was a long white candle stick.
Looking at Helge just data w/o considering any astro or anything sure looks like we get a 10 pt drop overnight then pretty flat day looking at today again I should have seen the open and close lines on his intraday chart were pretty flat...Friday shows to be down on the intraday but looks like we gap up overnight before open....maybe I'm wrong but I don't see the big down days I was thinking we would have ....I think Reza is right 1025/1021 is all we get if we get that...
Jill, Like I said above I'm rethinking the big down day tomorrow....looks like most of the down will happen overnight maybe 10 pts looks like we move up for a lil pop around 9 eastern and then trend down all day but close fairly flat looks like to me big gap up tho afterhours before friday open...
its partly cos of curry mentioning in his newsletter that he expects a 10-20 day combination bottom 6-11 jan timeframe that i sold my longs ytd. had better come true
looks like we're going to go back up and fill the gap before open I think that is good for the bearish case...that would mean we should open and start selling off
x, what is BPT saying? The link you posted is only for members.
My read of the ES chart shows 5 waves down for A, and currently in B wave up, so it remains to be seen if we get a C wave down or not.
As for Ian's cycle, he also mentioned 1/6 as a high, so I'm thinking that he expects all the selling to happen on 1/7 and for 1/8 to be a CIT, meaning a reversal of the bearish trend on 1/7?? I could be wrong in my interpretation though!
It certainly sounds as though Ian is expecting 1/8 to be a top, but I'm just confused because Chanakya from Smartp seems bullish from 1/8 to 1/20, and I know they work closely together.
As per my last discussion
71 comments:
Go long at the 1120-25 area
i'm seeing more like 1111 Reza why do you say 1125?
Currently they are going 30 up 15 down. Before used to be 40 up 20 down
I figure we go back down to fill thursday's gap at 1100
Can you please comment on tommorrow in plain language? What can be expected realistically?
I'm going long here. This market ain't going down.
jon
rrman,
We never filled 1070 area also during reg hours
Patience Jon its FOMC day we always rally into it and then fall after the announcement
Long!!!!! Financials are very strong.
1140 possibility
Back to long
1135.75 should be the top then we drop
No resistance till 1220 after 50% fib broke at 1121.
1228 is 61.8 fib and also 200 week MA.
Should get there in Jan due to massive short squeeeezy.
Not going long here , as been long for a very long time. lol.
Looking to short at 1300 ish.
Tight trading range once we top in first quarter.
Simples
I'm Short using simples as a buy signal.
ptg
I just added to my Long position. This market isn't dropping. Onwards and Upwards.
Jon
Oil is done, back-kissed it's 7/13/2009 trendline today
GS back-kissed it's 7/15/2009 trendline yesterday
RRman
I respect what you say about FED minutes but I have to go with the "simples" poster here. I just don't think a correction here is likely.
thanks
Jon
FTSE is getting close to a short here.
Would be surprided if it reached 5700
yeah UIK i guess they are going to reserve the fun for after hours to screw the daytraders..
Watch the 10 point Gap-down tonight.
ptg
massive gap down, roundy and crash
Atilla
I guess I missed this before ???
FlashFusion
MKT: highs coming in right on schedule; 1/4, 1/6, 1/8 (one more left to go), as advertised
Went long at the close. Target 1150. We've had a nice 3 day consolidation that will serve as a launching pad. Financials seem to be leading the way higher.
x
VIX ($VIX) THROWS UNDER. ENDING DIAGONAL COMPLETE?
The VIX proposed Ending Diagonal count can be considered completed. We are not sure about this pattern, but today the VIX did what is called throw-under beneath the ED 1-3 line. It then came back above the line. After an ending diagonal pattern completes, this is the first clue of a turn when throw-under is involved. The last hourly candle on the 60 minute chart was a long white candle stick.
Kenny
GAP UP!!!!!!!!!!!!!!!!!!!!!!!!!!!
bears gonna get DESTROYED tomorrow
zz
http://www.marketminder.com/a/fisher-investments-fisher-investments-looks-ahead/1b82d65f-99cd-451b-8e3e-ada35b64e14a.aspx
man, this market had better go down like helge says.
Don't forget Bullish Monday Bearish Thursday
Looking at Helge just data w/o considering any astro or anything sure looks like we get a 10 pt drop overnight then pretty flat day looking at today again I should have seen the open and close lines on his intraday chart were pretty flat...Friday shows to be down on the intraday but looks like we gap up overnight before open....maybe I'm wrong but I don't see the big down days I was thinking we would have ....I think Reza is right 1025/1021 is all we get if we get that...
Jay,rrman,reza,Y,coy,Ravi,Samamehta,
Is tomorrow down the whole day?
Thanks in advance
Jill
What i can say is that. the long term trend is still up till 22 jan.
following jim curry's newsletter.
furthermore, if we don't get big down days tonight and tmrw, just go long to play safe
Jill,
Like I said above I'm rethinking the big down day tomorrow....looks like most of the down will happen overnight maybe 10 pts looks like we move up for a lil pop around 9 eastern and then trend down all day but close fairly flat looks like to me big gap up tho afterhours before friday open...
rrman,Linton,
Thanks for the reply. It all sounds good to me.
Btw Linton, I like Jim Curry's work too.
Jan.22 might be good top date. That would be around 55 days fib#. from Nov2 low.
Jill
yea lol.
its partly cos of curry mentioning in his newsletter that he expects a 10-20 day combination bottom 6-11 jan timeframe that i sold my longs ytd. had better come true
Linton
When did you sell?
Jill
do you guys have a link to Jim Curry?
rrman
http://cyclewave.homestead.com/
Jill
rrman
Big gap before Fri open would correlate with Flashfusion last January 8 upleg before going down into Jan.11 And then I presume we rally from there.
thanks
Jill
Is Ian suggesting that 1/6 was a high and that 1/8 will be another high followed by a crash after that??
http://timeandcycles.blogspot.com/2010/01/timing-is-everything.html
Jill,
1137.
In your prev comment, are u saying
the trend is down till 11?
8 jan is an up day
11 jan is the low?
Ian's thread on FF:
http://www.traders-talk.com/mb2/index.php?showtopic=114765
MasterCycle Top: Jan.8-9
mark
Mark I didn't get anything about a master cycle top on Jan8th I just saw oct what did I miss? Its all in code i guess...
I understand it as a "Mastercycle Major high". Here'sa the passage I was interpreting.
"The Master Cycle was looking for the next Major High anytime now, but the markets might be waiting on the 1/8 unemployment news at 8.30 EST.
My next Major Timing CIT is on 1/8-9."
mark
looks like we're going to go back up and fill the gap before open I think that is good for the bearish case...that would mean we should open and start selling off
http://breakpointtrades.com/market_analysis/content/intraweek/852/
x
x, what is BPT saying? The link you posted is only for members.
My read of the ES chart shows 5 waves down for A, and currently in B wave up, so it remains to be seen if we get a C wave down or not.
As for Ian's cycle, he also mentioned 1/6 as a high, so I'm thinking that he expects all the selling to happen on 1/7 and for 1/8 to be a CIT, meaning a reversal of the bearish trend on 1/7?? I could be wrong in my interpretation though!
1/8 reversal of bearish trend? That's impossible. Even if super bullish you still want few days pullback keep bull alive.
scrap the bpt link. Basically they say negative divergences on 60m chart, caution on long side. put/call ratio in territory where pullbacks occur.
x
So what's the outlook for today?
ok here we go
ptg
1132 to 1122 looks good to me...
Seems like there isn't going to be any major activity til 11am today.
11am today - 21hrs from 31st dec low.
We're going higher, financials are still very strong. No drop til Monday.
Thanks x for clarifying the BPT outlook.
It certainly sounds as though Ian is expecting 1/8 to be a top, but I'm just confused because Chanakya from Smartp seems bullish from 1/8 to 1/20, and I know they work closely together.
Uh-oh
1030 should be the next short spot on this lil bounce if you missed the 1132
Are u saying its gonna bounce back to 1030??
that doesnt make sense. its only at 1130
if ES 1125 holds, then retest highs> low 1140s, plenty of room to run on the RSI
below 1125 > 1119 > 1110
current range is 10.8pts/day, so we are not likely to exceed 13 pts, ie 70% chance 13 pt range will contain the day.
--------------------
http://www.youtube.com/user/lambro39
http://lambro-predictions.blogspot.com/
Lambro
SPX 1120-25 area good long entry.
1128.50 when i posted now
1128.75
Long fas!!!!!! financials held up real well, they're going higher now
Today and tomorrow may be the low of the month
Anon, go long FAS when 77-78
Reza, u short?
I think Monday-Tuesday will Low of month
ptg
adding to shorts at 1130
Linton,
I dont want to short as the trend is up, buying dips now.
got my short sell at 1130 fully short
I'm adding Shorts too. Pullback in beginner stage now. Not close to finishing.
ptg
they are pushing fins hard fas is crazy but the dollar is going back up we'll see if it can get their attention
spx is trying to fill 1137.14 gap not sure if it will or not but they are trying
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