-------------------------------open-----10amH----------1:30L----------4pmL
Should get a REBOUND Tomrrow morning
Went back to the drawing board this AM besides a trip to the dentist
I will be publishing an UPDATED month of FEB now that we see what actually
transpired in the first 2 days
Combining power index, daily graphs, astro, & cycles, it appears some changes are needed
BE aware NO CRASH will occur next week
On an Elliott basis, I STILL SEE a SIMPLE wave 3 low on FRIDAY last week
THUS the rally on FEB 1&2 = wave 4
that, of course leave wave 5 suggested now on FEb 5th
Jay
17 comments:
Say said"Be aware NO CRASH will occur next week"
That's what I like,unhedged,confident,
unequivocal statements.
(Jay may be wrong more often than right, but at least it's not the usual hedged/ 'it could-do but might not do' waffle I see on other sites)
Is not not possible Jay that we are in wave 2 up and friday was indeed wave 5? Frank
Frank
Yes it is possible, but once I reviewed the power index plus astro, elliott, cycles, etc, MY BEST GUESS says we will most likley see wave 5 friday
ITs also possible Friday may be a "B" wave low in a wave 4 still in progress to a FEB 12th high
Power index shows a STRONG jump up from 300 on the 5th to 500 on the 8th and it continues to hold at higher levels on the 9th and 10th which is as far as it shows
on a 7day advance view
Jay
Kevin
Since I dont depend on Elliott
wave as a primary tool, it allows me to look FURTHER
Astro & my power index do indicate
higher highs NEXT week
Not sure if we make a lower low on the 5th, but it should offer a JUMPING off point from which to get bullish
Jay
LONG
Kevin
there was nothing wrong with the rally predicted in Jan from Dec 31st.
And
there was NOTHING WRONG about Jan 19 to 29 decline
I really should have stuck to my guns and held out for that Jan 29 low especially with the Saturn 90 pluto
but I was influenced by other resources and it threw my off
Hopefully, Im back on track
Thanks Jay. Don't worry about the lousy comments throw at you yesterday; as if they know all the asnwers. Jay, are you saying we could go higher than 1150 next week according to astro and powerindex? Frank
I am not trying to speak for jay, but he has said you cant rely on the amplitute of the move - his graphs are an attempt more to get the general direction right - ;)
High highs next week, that sounds good to me and has a better than evens chance of being right IMHO.
I have difficulty matching up your graphs with the times you print underneath. Any chance you could make them line up better? (That's not intended to be a lousy comment, it's just anobservation I'm only just about computer literate, so I couldn't do any better - hands up anyone who can
Kevin
As far lining up the times with the graph
ITS NOT EASY
I have been attempting to match them up, but I have to go back and edit each time to move them whee I want
its trail and error method
when I publish the blog page, they DONT come out where I thought I was placing them, thus my ned to edit, and sometimes I have t do it several times
Thats why I am using an H or L
to denote highs and lows even if they dont match on the graph
I dont MAKE the graphs, so I have thus I have to manipulate the times AFTERWARD.
The times I do use coincide with the bar cycle pivot lows which sometimes vary by up to an hour.
Today started out ok with a 90 bar low at 10;30
next one was due at 1;30, and there was a minor dip
Now we are expecting 4pm at 156 bars
which could actually be tomrrow's open, if we dont get a late sell off today
Coy's energy chart had NOON as a low, but closes higher- im watching that one since it disagrees with my graph
He got Monday and Tues much better than I, but I had friday
Jay
LONG
GAP-UP
Days like this are sneaky
IF we dont get a SOLID down close, then its very possible it will hit at open [ 156bars ] and the 13day segment is at 11:26am which could be a pivot low tomrrow
Yes, so far the daily graph does show a rebound tomrrow AM, but its still difficult to discern when one day ends and the next one begins
Thus I use the cycle data as above
Jay
Just because the mkt is rising off a noon low does not make it imperative that it opens with a gap up
From the 2/2 high last hour
count 5 waves DOWN to noon today
Noon -abc x abc up to 1:30
abc dn @ 2:30
abc up @3:45 now looking like a [[flat]] with A & C near the same level
that looks corrective
Plus
spx off 5.00 = dow off 40
but its only off 9.00
SPX disparity leads the dow
to a lower open tomrrow
Jay
ok out of longs short es 1094.75 long dx 79.53
here is zigzag's latest T chart
http://dl.dropbox.com/u/312885/SPX2010-02-03%20at%207.46.39%20AM.png
Any thoughts from Arak
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