Im not sure how viable an UP open as shown, BUT it does seem logical from a mkt point of viewHowever, the power index also agrees with a lower close
and again, it very hard to pin point how low or how high from the daily guidance above
WE can use fibo against support & resistence to find those values
Venus 135 Mars at 12;30
BAR CYCLES
156bars @ 11:30am
180bars at 1;30
204bars @ 3;30
So, we could see a mid day low on the aspect and a late day low on the bar cycle pivot
I am offering this information to the public on this blog which gives me an
PORTAL to organize my thoughts & data where I can publish it for my own review
otherwise, just thinking the above can get lost in the wind.
anyone else reviewing this data above should not take this as gospel.
and EVERYONE is welcome to offer additional & supplemental information
to either support the suppositions or negate them with constructive
informative data such as offered by some OF THe NEW MEMBERS
on the previous comments, as well as some of the previously established members.
more later
Jay
IT IS STILL MY POSITION that Jan 19th PRICE AND TIME CONVERGENCE
is NOW leading toward a corrective process that will be ending on APRIL1st as previously outlined
Cycle convergence FROM-- JULY 9th & March 9this NOW leading toward a corrective process that will be ending on APRIL1st as previously outlined
______________________________
MORE NOW --Feb 24th
ARMS index -TRIN Tuesday was 3.03
I think thats a SIGN of deeper cuts to come shortly
A high trin can slice both ways
NOTE on Feb4th -TRIN 3.45 signaled a low about to occur as it did on the 8th - within 2 days
NOW ,we might get a short term low shortly as Ive indicated for March 1st.
Expect another high trin near or above 2.00 this week, and lower prices
Jay
32 comments:
Thanks Jay
out of my longs from early this morning 1198 level whew! did ok just had to hold thru the mess of the day
I think zizag nailed this one with his collision chart.
The high was Feb 18th..
http://dl.dropbox.com/u/312885/SPX%202010-02-23%20at%207.31.48%20AM.png
Jay / Astral - can you share your longer term views for those of us who are swing traders (2 days - 10 days)
AS2009
YipYap
Nice chart. I have a SPY fractal chart that has the same projection to the high 101's.
KC
short the rally wed.
short target 1103 --1109
short euro /6e 1.3545
1097.8 level
futures are still positive,so im going short here,im prepared to suffer up to 9pts of drawdown if neccesary.hoping for 1083 in the next 2 days.bernanke rubbish coming up pre market open.
yip yap,nice chart.where does zig zag post?
AS,
My March graph should have answered
ALL your questions about whats next.
Still looking for
March 1st low
March 5th high
and the rest is on the graph
Jay
Welcome # 111
and note the additional data
about TRIN on the main page
Jay
HIGH trins occur as the mkt heads lower
Adv/Decl was 45%
Volume was 15%
45/15= 3.00
15% up vol OR 85% DOWN VOLUME
And
45% adv - declines
Jay
Sam,
looks like we got to your projection for today
J
Astral, rrman and others,
any thoughts
'Others' me that is, still believe in higher prices going into weekend. I think today's crazy moves sort of confirm it since we had swift recovery from morning plunge. It also tells me that there still enough bears to be squeezed. - so my take 1120 or so by monday
Thanks Sirgiyan
No problem.
I do have some ERX bought yesterday near close, but in case you don't have any position at the moment - I would simply wait untill friday/monday since there are VERY good chances weekend would be a turning point. (could be low or high)
Today is going to be neutral day for most part. I posted some key hours that I consider really hot on my blog.
AS asked for swing trading timing. I would be posting later today on my blog. For now I can say that buy on Fri and sell on Tuesday to Wednesday next.
Jay brother Good work on blog. It looks so cool now. I hope more people FOLLOW and register which cost them nothing and they can add value and create real good conversation.
Sirigyan
Since March 1st is a BRADLEY date
we can expect TURN
Will it be a TURN from a low or a high
thus your suggestion to WAIT for Monday is VERY VALID
Thanks
Jay
spx:short-1104
karatekid
WELCOME &
thanks for loggin in
there might be one more spike higher today, but it wont mean much
as it should be brief.
Activity index has moved Up from 66 at 7am to 200 right now near 1pm.
thus holding price levels from dropping.
Jay
agree jay,this should hold support here for the next 30mins to an hour,maybe crawl up a bit but should be a fall down into the last hour.
out of short /6e1.3552 waiting on a long move now we just hit Jay's 1pm eastern turn time so it should be close to go long Euro
ok back in long euro /6e 1.3546
small short here at 1105.9 cash. 3pt stop
closing that last short at 1101.9
Jay's 3pm turn time!
Jay,
what does it look like for tomorrow?
after8: I saw zigzags chart here.
http://trading-to-win.blogspot.com/
as i said yesterday short the rally
futures 1095ish now 12:20am
may make to 1081 ES tomorrow.
if not, bears game is over and if bounces in morn.
short rom 1103.75 , now stop at 96.5 and exit at 90.
maybe a little panic day thursday to 1081 or more
Zigzag has another T collision at 11-12 today ... should be interesting ...
http://tinyurl.com/y9y5qcn
AS2009
Sam
thanks
Excellent comments from all of you
Jay
Jay - what is the chart looking like for today - no new post ?
AS2009
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