All of the above variables are in a declining phase coming off the Jan 19th TOPAs the day makes progress we should see lower lows
156b @ noon
180b @ 2pm
204b@ 4pm
Activity index was at 200 earlier , now flat at 100 for last 2 hours
Power index NOW shows a CLEAR drop off after tomrrow jan 27th into the 29th.
from 500 level to 250
Which seems to corroborate my view for a rebound tomrrow FED day till 2;15
State of Union speech will be given too much importance, but at least we wont get a
BUSH review-- the UNION IS STRONG, he would bellow while Rome was burning
Anger and backlash against ALL govt action & incumbents
is taking its toll on the Senate for now, and will probably play a bigger roll in Nov.
As for the market, you can blame the Govt if you want, but it would have happened anyway
Jay
8day cycle low is in
ReplyDeleteI'm looking for 1105=1110 to get out of longs and go short after lunch
ReplyDeleteI agree with Jay big up tomorrow but want to ride the wave down after the close into the open tomorrow they are making this very good on these after hours moves..
today's low also 20day cycle low.
ReplyDeleteFlashfusion's Simon says: I'm broken.
ReplyDeletep
two schools of thought:
ReplyDelete1. 1104 top is in we may see 1020 by next week
2.make nw lowfrom here 1080 and rally to 1114-1120
#1 close to impossible
ReplyDelete#2 highly plausible. 90% feasible.
Jay according to the power index 4pm should be the HOD?
ReplyDeleteout of longs went short /es 1098.25
ReplyDeletealso bought faz in ira 19.35
Hi,the 7 december write,not more up stockmarket after 8 january.Today s&p500 take 1081 future,ok i am believe that this market is near top tomorrow near and not more that 1115,not probably 1120-25,mini cat dead before crash.Then february can began with bigs down,specially near jupiter-sun aspect hard 27-28 february.
ReplyDeleteRegards.
rrman,
ReplyDeletewell timed
rrman,
ReplyDeleteJay mentioned up until Fed minutes tomorrow, are you going to hold it
This down wave started early I wasn't looking for it until the close we might get a bounce but i will hold until tomorrow midmorning...
ReplyDeletegap-up
ReplyDeletefutes will be down big time tonight
ReplyDeleteout of short should get a nice bounce thru close will short back after hours
ReplyDeleteI'm thinking we close green but...
ReplyDeletemaybe we get 1091 0r 1092 then back down all night and into mid morning
ReplyDeleteLong @ the close rrman??
ReplyDeleteno still in my faz in ira will hold. flat in futes thinking we get a bounce to short into if not will just stay out until tomorrow mid morning to go long...
ReplyDeleterrman
ReplyDeleteIT does look like 204 bars MIGHT have done its thing at 4pm, just like i wrote, BUT
it is still possible to open lower
As I look at the waves from 2pm
we may have COMPLETED 3 waves lower to 'b' which normally expected would NOT have made a lower low than
wave 3 low at 10am this morning.
BUT if there is going to be a 5th wave lower it will have to occur right at the open, otherwise as the chart shows ~~ GAP UP
Jay
I closed out the SHORTS I bot earlier this week, and now wait my turn tomrrow afternoon to re enter short
I will not be buying long until FEB 2nd.
SPX to 1030 is NOT out of the question this week - look at the Nov 2nd and oct2nd lows for support between 1020 & 1030
If by some chance we get more, I wont complain
Jay
Good brief and this fill someone in on helped me alot in my college assignement. Say thank you you on your information.
ReplyDelete