Thursday, January 28, 2010

Projected path as posted Monday

Wave 3 that we are in NOW should be a multiple of wave 1

wave 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

28 comments:

  1. Jay,

    congrats 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?

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  2. Anonymous1:36 PM

    Reshorting here, time for another ride down!

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  3. Anonymous2:14 PM

    Die market!!!! Fully short here...love it!


    t

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  4. added to longs 1080.50

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  5. should have a nice rally into close and for a few hours in ah...

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  6. Anonymous2:29 PM

    Short this deadcat!

    c

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  7. rman,
    do you think that ah rally holds into the open tomorrow?

    then down again?

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  8. 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...

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  9. Anonymous2:40 PM

    Watch us hit new lows into the close. Last chance to reshort! don't miss out


    x

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  10. rrman

    from your lips to gods ears......

    I hope it works out just like you laid it out

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  11. AAPL has woke up...

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  12. Anonymous3:09 PM

    Really doubt this holds up, shorting now. Good luck all


    x

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  13. x watch AAPL it is driving the market today if it drops you are right but its rallying now...

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  14. Anonymous3:27 PM

    Doubling my short position now...we should tank hard soon are gap down huge tomorrow

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  15. Everything is tied to Uncle Ben

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  16. Anonymous3:38 PM

    Market's looking a bit tired here. Adding to shorts now


    t

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  17. Anonymous3:44 PM

    someone just took a sledgehammer to the market. fully short!!!!!!!!!!

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  18. Anonymous3:55 PM

    aapl went back to sleep

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  19. Anonymous4:04 PM

    I 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.

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  20. Sherm
    thanks, 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

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  21. Anonymous4:24 PM

    That's not the close u wanted rrman. You might want to switch your postion now. The market could hit new lows tomorrow morning.

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  22. Anonymous6:12 PM

    Anyone 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


    steve

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  23. 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...

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  24. rrman,

    Do you have any sites that predicts the futures

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  25. Anonymous8:24 PM

    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


    graham

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  26. Anonymous8:50 PM

    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!

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  27. Jay,

    Do you think they may bounce of Dow 10k, then roll down

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  28. Jay,

    You 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

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