------------------------------open----11amH------4pmL-----Feb2 open Down
thats the danger of posting the graph the night b4- its not really complete
Any rally today should peak out 10 to 11 AM rather than 3pm, IMO.
204bar @ 11;30 should have some downdraft effect, but the afternoon should slip way
steadily as shown
and so far the open on Tuesday looks like a continuation of the afternoon drop off on today
Jay
back in long 1077 doesnt look like a gap fill will happen this morning
ReplyDelete8 day cycle is downtrending and will force smaller cycles to turn over soon.
ReplyDeleteJay's intraday map is correct.
jay, my delta stuff has the 2nd feb as a high,with next monday (centred) as a medium term low point.im going to sit on my hands until tomorrow afternoon as my work does'nt match up with yours,and see what develops here.
ReplyDeletethere is a worry,your work and reddragonleo's both suggest a low.if im wrong,i'll have to take a look at my itd solution.
ReplyDeletewent short /dx 79.52
ReplyDelete/dx classic lower lows lower highs on 15" chart
ReplyDeleteout of es long 1081 will wait to see what 15" does on stoches still short /dx
ReplyDeletedon't short into a rabbit hole
ReplyDeletegapped above trendline on weekly
http://www.flickr.com/photos/47091634@N04/4322654366/
I cant help but wonder WHY
ReplyDeleteMany analysts PUSH the LOW into
NEXT week, or next month
We read it all the time
must be some kind of self defense mechanism designed in us to defend our trading positions.
????????
Today's open reflects the reading for tomrrow. In other words - some times, because authors are only people, they mix up the interpretation occuring today and it then flips over to tomrrow
Example
I published the read for tommorow
as a poor start, mid day improvement and poor close
IT NOW APPEARS at least to me as I review my data, that READING should fit tomrrow much better than today
WE will know better when the PROPENS index is more complete, and that really wont be until 8am tomrrow, BUT I will publish a prelim graph which should show the continuation of the decline that it shows this afternoon and tomrrow open till at least mid day.
10;30 and its possible we may have seen today hod?
Also amazing the DOW almost always has to recover 100 pts
rrman
your call for 1085 was perfect.
it looks like the lliott wave from 1096 made an abc low on Friday at 3;30, now into an X wave rebound. thus once finished we would them look for another abc decline = a double zig zag.
Activity index updates every 5 minutes
IT was at 300 prior to open
dropped to 100 briefly, rebounded to 266, and is now hovering at 200
Jay
Hmmm.
ReplyDeleteActivity index just dropped from
266 to 100 at 10:45am, now at 166
Yes its bouncing all around, but trending lower
Jay
short 86.1 cash
ReplyDeleteback in long es 1082.75
ReplyDeleteAlex says 1107 could be on the table...
ReplyDeleteActivity index bounced higher after 11am now at 266
ReplyDeletenote the 13day cycle did hit exactly at 11am, made a little dip to +60 on the dow, but dow just hit + 105 at 11:30
There is a moon 120 Merc at 2;14pm which could offer the afternoon high & turn
Jay
Thanks for the chart Jay. Once you get indications for tomorrow, I'd be grateful if you could post the chart.
ReplyDeleteclosed out for 1pt.
ReplyDeleteActivity index keep my hopping today
ReplyDeleteNOW dropped to 166, down from 266 a little earlier as posted b4.
Jay
Anyone care to speculate what a collapse today would close at??
Flash had published the next critical level at spx 1052
Ian had previously reported we are in a Puetz crash window from Jan 29 to Feb5
If an abc wave completed at 1071
from 1150 -then how low can the next abc wave settle at??
remember the 40 pts rule of thumb?
So far it is a perfect hit, but is the decline over as of Friday-
Jan 29 at 1071??
If not then we could see at least another 40 pts lower to 1031, and or 80 pts lower to 991
And I dont mean NEXT week
Jay
indigo
ReplyDeleteI will publish the daily guidance
at close today, but do keep in mind it could vary as to the events after
which lead to tomrrow
So far it only shows potential for a lower open, but using other data available, IMO, we will see a resolution of this down wave tomrrow
Jay
Thanks Jay, I think so too. I'm looking to short the close today... Seems like a pump and dump opportunity today.
ReplyDeleteOK so today didn't work out as jay suggested, so tomorrow might.No-one gets it right (or wrong) every time.
ReplyDeleteUp or down tomorrow? None of us really knows, but it's fun guessing. (I flipped a coin, it came down tails, that means down tomorrow) :)
I dunno Kevin I had a great day...we're going to get Jay's big wave down tonight go long at the open tomorrow....
ReplyDeleteJay your January Chart worked great if i had followed it to the T would have been fabulous....lets hope that your Feb does as good with the turn
ReplyDelete