Wave 3 that we are in NOW should be a multiple of wave 1wave 1 lost 60 spx
60 x 1.618 = 97 pts
that would be a gift from the Gods
Jan 28th reading
shocking news
postpone biz decisions
nervous energy
Jan 29th
Yesterdays problems INCREASE
antagonism
caution with $$
Dont waste this opp
Hadik now sees low extended to Feb 1 & 2
wheew, what took him so long ? gg
Jay
Jay,
ReplyDeletecongrats and great work. I am amazed at how accurate your work is.
Made good money on this down move, but would have made so much more if I would have just trusted your work more.
I'm really gearing up to move long next week. Do you see that as being a good rally?
Reshorting here, time for another ride down!
ReplyDeleteDie market!!!! Fully short here...love it!
ReplyDeletet
added to longs 1080.50
ReplyDeleteshould have a nice rally into close and for a few hours in ah...
ReplyDeleteShort this deadcat!
ReplyDeletec
rman,
ReplyDeletedo you think that ah rally holds into the open tomorrow?
then down again?
I think we gap up tomorrow even with us closing at HOD today looks like to me we are up into monday with some profit taking last few hours Friday then recovers to a nice high monday then Jay's huge decline into tuesday...
ReplyDeleteWatch us hit new lows into the close. Last chance to reshort! don't miss out
ReplyDeletex
rrman
ReplyDeletefrom your lips to gods ears......
I hope it works out just like you laid it out
AAPL has woke up...
ReplyDeleteReally doubt this holds up, shorting now. Good luck all
ReplyDeletex
x watch AAPL it is driving the market today if it drops you are right but its rallying now...
ReplyDeleteDoubling my short position now...we should tank hard soon are gap down huge tomorrow
ReplyDeleteEverything is tied to Uncle Ben
ReplyDeleteMarket's looking a bit tired here. Adding to shorts now
ReplyDeletet
someone just took a sledgehammer to the market. fully short!!!!!!!!!!
ReplyDeleteaapl went back to sleep
ReplyDeleteI expect a rally from FRI continuing for next week. Shorting at this point can be hazardous. There is no basis for predictions of decline on Fri and Monday.
ReplyDeleteSherm
ReplyDeletethanks, but I do make mistakes
so, best to take some and keep yuor wits about.
WE know there has to be another strong dive between now and Feb 2nd
its not a matter of IF, but exactly when we get that gap and drop
1078 bah humbug
wheres the BEEF ??
Tomrrow's read says it might be the day
hmm, activity index hit 233 at about 3pm, and has now dropped
to 100
Damn -too little too late for today
power index today 400 to 350
tomrrow 350 to 275
Monday 400 to 300
Tues not avail yet
Dynamic index fell and rose, the fell again late day, just like the mkt, but its NOT an advance data feed
Frustrating until we get a resolution to a low.
Jay
That's not the close u wanted rrman. You might want to switch your postion now. The market could hit new lows tomorrow morning.
ReplyDeleteAnyone notice we just broke out of a bear flag on the dailies? I'm loading up short in afterhours here. Seems like good risk vs reward for possible black Friday
ReplyDeletesteve
still long we got a drop at the close that I didn't expect but still think we go up into the 1st I just don't see a big down I think the big down was that trick they pulled early this morning catching a lot of folk off sides...
ReplyDeleterrman,
ReplyDeleteDo you have any sites that predicts the futures
Death cross got strengthened today and bear flags are everywhere. Tomorrow would be a nice day for capitulation. Been short for a while now and still waiting for the washout
ReplyDeletegraham
loaded to the hilt in puts that i was too greedy to cash in earlier...hope we tank badly tomorrow and get this over with!
ReplyDeleteJay,
ReplyDeleteDo you think they may bounce of Dow 10k, then roll down
Jay,
ReplyDeleteYou remember that "fake print" of a 97 point drop on the spy on January 11th? Isn't that odd how your "wave 3" projection is for 97 points?
Now that's eerie my friend!
By the way, I'll be going 100% next Friday the 5th, as I'm expecting that drop to start on following Monday or Tuesday (per last weeks' "weekend post" on my blog).
I'm currently long oil (USO), but other then that I'm just waiting patiently, as it's too risky to take a position on the spy right now (unless you are day trading... I just swing trade).
It could blast higher next week from this support level (as I expect it too do), or crash on through it? It's tough to go long or short right now, as the direction isn't picked yet?
Maybe the GDP tomorrow will make the decision for the market... of what direction to take? Time is short now... Tic Toc, Tic Toc
Red