Thursday, February 04, 2010

Feb 5th Guidance Graph


-------surge After 4pm------open H----11;30L --2pmH ?--3;45pm L

The initial Surge shown on the graph is after hours today in other words- during the night
which should lead to a SURGE on the open - sparked by employ #s - if you must have a reason.

If the day closes at 1052, then the dow would = 9910

A 300 pt rebound on Monday = spx 1080 - 1085 and dow 10,200

we'll recalculate this over the wkend with actual results from Friday to see where the
fibo relationship could rebound to.

Coy's energy graph has just about the same thing for tomrrow,
but Im not sure about his close yet

MONDAY is POWERFUL UP.

My game plan is to short the open rally, and close out at 11:30, OR the close,
but 11:30 gives me time to think about & prepare for BUYING THE CLOSE

Jay

40 comments:

  1. Well if we don't get our big ramp by midnight it aint going to happen..

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  2. If there's a gap, fade it either way.

    Probably a little pop, I'll re-short the partial cover I made Thurs PM.

    I wouldn't be going long until SPX 1035, and maybe not until SPX 980.

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  3. hey dave welcome thanks for the info

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  4. Anonymous4:18 AM

    Top was 11 january not more up after,ok.I am believe that friday is down maybe 1040 then monday and tuesday up to 1065 not more up in nevel.Before 22 february sp500 should are very near 900,lost this and then fast to 350.
    Regards.

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  5. Anonymous5:01 AM

    everybody in the world seems to think this is the "fabled" wave 3 down...its not. 1045 max down by monday,then off up to new highs.this is simply a great buying opportunity.

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  6. Anonymous5:02 AM

    bought 1055 es

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  7. out of /dx long 80.37 long /es 1053.50

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  8. Anonymous7:21 AM

    Playing a bounce during a wave 3 is the way to get your head handed to you, so the way I go from here is to add short positions on every bounce. We could have completed a minuette wave 1 at today's low. Key resistance from here is 1070/1076. That is where I'll be adding to shorts if the market gets there.

    9 handle (960) on March 5 low.

    Then test of highs into summer before a 2 year downtrend.

    Simples

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  9. the 15/16th after the new moon should be the next high buy full sell new moon has worked pretty well since August and Helge shows a big wave up around that time then down into the end of the month..

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  10. out of typ in IRA at 11.14 in pre trade flat will short the pop Monday

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  11. rrman
    Feb 16hi
    Feb 25 low
    matches the FEb graph

    Thanks
    Jay

    ReplyDelete
  12. Anonymous9:53 AM

    SELL SELL SELL

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  13. Anonymous9:59 AM

    SIMPLES can't be trusted. He/she was wrong last time and he's likely wrong this time. I think he's trying to get people leaning the wrong way.

    phil

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  14. Anonymous10:40 AM

    Time price projection for Monday

    http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=0&dy=10&i=p28690414048&a=182063541&r=186

    1072 comes in around 11am

    Astro8

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  15. hey Astro what if we hit 1072 today?

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  16. Anonymous10:59 AM

    here's the setup:
    de-lever point indicated on Dec 14,2009 (SPY 105.48,)today SPY will print SPY 105.48 and all short positions will be covered and acceptable avg. size in long positions
    http://www.flickr.com/photos/47091634@N04/4332069621/

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  17. Anonymous11:37 AM

    SPY crash gap = 107.15 (10/6/2008) week
    previous weeks close (9/29/2008) = 110.34

    we're now going on 5 months of sideways trading

    we first bumped on our head on 1080 during 9/14/2009 week

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  18. Anonymous12:00 PM

    on pace for highest volume since 4/2/09 and stuck in a 12 point range for the day

    an "entity" is swallowing a lot of inventory on the buy side

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  19. Anonymous12:04 PM

    you bet. The bottom is near. Loading up on longs. I'm not missing this turn. No way.

    x

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  20. Anonymous12:06 PM

    general of the bull army won't die
    AAPL, hasn't taken out last fridays lows yet

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  21. Anonymous12:09 PM

    I have a couple of subscriptions to very consistant market timers using GANN timing methods and both are saying we are just about there for the winter bottom. They said the rally will catch as usual the perma-bears waiting for the next low that never comes.

    x

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  22. Anonymous12:51 PM

    SPX 195 min. backtest of trendline breakout from 12/10/2009
    http://www.flickr.com/photos/47091634@N04/4332300385/

    ReplyDelete
  23. Anonymous1:08 PM

    If we were to hit 1072 today its still in play . ITs TIME and PRICE so price can be below and above but when time comes in we should arrive. I have seen this invert to.

    Astro8

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  24. Anonymous1:13 PM

    Get ready for the usual 2:00 - 2:30 timeslot Rally.

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  25. Anonymous1:20 PM

    Astro8

    1072?

    Please elaborate?

    Are u saying it's a target 4 today?

    thx

    natalie

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  26. Anonymous1:20 PM

    spy 105.48 should coincide with a gap fill on the VIX @ 27.42

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  27. Anonymous1:25 PM

    Ok. I can't take it anymore. I'm bailing on longs I bought earlier and now going short. She's tanking into the close. I can feel it. I want to see spx1035 today. and I'll be swimming in profits hopefully.

    Tank hard baby!

    cal

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  28. Anonymous1:28 PM

    vix gap filled and SPY 105.48 delever point established Dec. 14 2009 hit
    http://www.flickr.com/photos/47091634@N04/4332069621/

    ReplyDelete
  29. Anonymous1:34 PM

    SPX delever point 1047.28 established 1/11/2010
    http://www.flickr.com/photos/47091634@N04/4325789697/

    ReplyDelete
  30. Anonymous1:56 PM

    what happened to the UP day jay mentioned - and the

    STRAIGHT UP ALL DAY prediction by Helge for today.

    Wrong and wrong!!!!!!!!!!!

    ReplyDelete
  31. Anonymous2:10 PM

    watch todays close
    http://www.flickr.com/photos/47091634@N04/4332454033/

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  32. ANON
    Where the hell did that
    prediction come from

    You must be reading UPSIDE DOWN

    Stay away unless you register and have something of value to contribute

    Its tough enuf without some one misconstruing what was written
    and commenting on it without verifying your details

    Jay

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  33. Anonymous2:14 PM

    anon

    that was numnuts RRMAN.

    that guy is a piece of work.

    ReplyDelete
  34. Anonymous2:16 PM

    Samamehta

    Why? Long? now?

    suzie

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  35. Suzie, weak bounce to 1070 maybe. if no today, then by monday as Jay is certain for monday bounce. Feb 9 10 are panic days for down

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  36. kevin3:03 PM

    jay has definately said up for Monday, but I'm not sure what he has suggested for 9 and 10 feb (Tues and Wed)

    kevin

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  37. AS20093:07 PM

    Jay - still lookingfor a low at 3.45 to go long - or going long now ?

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  38. Anonymous3:25 PM

    Time to go short again

    ReplyDelete
  39. Anonymous3:43 PM

    *9 and 10 are panic days for down*

    whos quote is that

    jay or rrman or just lucky guessre sam

    ReplyDelete