Monday, January 04, 2010

TODAY's CHART

OBV
MACD
Ult
all look bearish

Next 3 days should be very different

As previously mentioned today at 2pm - Sun 0 Merc usually found at highs
Reading for today is [[ BEWARE pie in the sky thinking]]

Tomrrow expect upsets
Wed - Turmoil
Thurs - Challenging

Friday Yesterdays moods abate & becomes a favorable day
Monday = SOLID BIZ day
Jay

15 comments:

  1. Thanks for logging in # 90 & 91
    WELCOME

    Thanks again for all the great comments

    Jay

    ReplyDelete
  2. back into longs 1127.75

    ReplyDelete
  3. Anonymous2:30 PM

    The initial breadth thrust is giving up in my observation, the new highs are not expanding either, although the index prices are still going higher... The commodities and energy are leading by a huge margin, VIX is not selling off as fast... While the Treasury yields are rising, I think the high yield funds are just dumping here... In the mean time, the speculation is just getting bizarre... If these trends continue into the afternoon, this rally will not last beyond tomorrow morning...

    arbman

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  4. Anonymous2:32 PM

    The only thing I know here is that we are back to the same o/b zone with volume, but it is a worse setup to rally higher now...

    VIX appears to be turning, new highs lagging... They knew though that once under 1105, it will be over...

    arbman

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  5. about time for the 401k money to start flowing in at end of day

    ReplyDelete
  6. Anonymous2:33 PM

    I still think 6th-8th and 1143ish unless something changes but I think higher as I mentioned into 3rd week or so of Jan. maybe 1173

    not going to bother posting the trades moving to fast and been on both sides now as of a little while ago this time short but will go flat in a bit

    zoropb

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  7. Anonymous2:34 PM

    ES movement getting violent..see attached..At top normally it would presage a sell off..my TOP prediction for tuesday 5th
    remains

    andiron

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  8. Anonymous2:35 PM

    I THINK CHARLES NENNER MAY HAVE IT RIGHT THIS TIME.... WE TOP OUT BUT NOT UNTIL THE END OF THIS WEEK....

    cycletimer

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  9. helge looks like called today we'll see if he is right on tomorrow being up also...
    http://www.cyclelt.com/INT.htm

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  10. Anonymous3:42 PM

    We hit the maximum XT3 possible. These are powerful controlling lines from the dawn of the stock market. The topping process that began last July is finally coming to an end...roundy, we go! Terminal move for the last day of the final of the end is near. Fully short after micromanage from 1130 average.


    atilla

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  11. 8 out of the last 9 trading days have been a gap up, it's off the charts for the data that I have

    6 Straight green months for the $DJI

    VIX is going to print 16's so I'm not sure where that puts the market at, but it will happen before the calendar turns to february

    to screw the maximum number of people I can see the monkeys doing a hard 4-5 td selloff that takes the market below 11/27/2009 lows then a hard reversal until the end of the month

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  12. Anonymous9:03 PM

    GWLK: I closed my Jan puts at 1117 on Dec 31st. Scaled into some Feb puts at 1133 today. Took only a 25% position and will scale more in on a further rise. I want to be 100% short above 1140. I think we could get a quick retreat too so I wanted some downside exposure here.


    PUG

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  13. Anonymous1:18 AM

    Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!

    ReplyDelete
  14. thanks ANON
    Guess youve been around for a while

    It would be greatly appreciated if you logged in as a follower, and your comments would be more recognizable, and no one could imitate you

    Its also good for my ego
    thanks
    Jay

    ReplyDelete
  15. Armstrongs 8.6 months = 182 trade days or 258 calendar days

    April20th is the last date relative to this cycle and it falls on JAN7th
    which should be a low as per the cycle

    Catch FLASH on his twitter using my link n the main page

    Jay

    ReplyDelete