Heres a chart that should interest some, provided by JerryO at my Yahoo groupUse whatever info that has been posted b4.
in other words, EXPECT nothing spectacular this week
choppy every day
Down some, up some, yadyada
Full moon end of week on 28th = overly optimistic
Nothing important should occur till after Feb is over
A low this week should occur on Thursday morning
J
63 comments:
www.marketguru.com/jaywiz
jay has bought short positions for his marketguru portfolio on 17th 18th and 19th Feb
jaywiz's Recent Activity
Feb 19 at 3:06PM (EST)
Bought TZA (Direxion Small Cap Bear 3x Shares) @ $9.11 | 14.9% of portfolio.
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Feb 18 at 3:54PM (EST)
Bought TZA (Direxion Small Cap Bear 3x Shares) @ $9.24 | 15% of portfolio.
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Feb 17 at 9:37AM (EST)
Bought TZA (Direxion Small Cap Bear 3x Shares) @ $9.49 | 60.5% of portfolio.
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That is not an invitation to trade, or a guarantee that he will get is right, and is for information and entertainment purposes only, use your own common sense and realise that 95% of short term traders lose money, so do your own due diligence and don't bet the wife's alimony. JEEESH!
Okay.....since nothing spectacular this upcoming week, all those holding March put premium will be eroded to death!!!!
Buy the hole on Monday if we get one.
ppk
Kirk
WE should get some sliding back
Wed afternoon to Thursday afternoon
Here are the readings for this week
Monday= unfocused
Tuesday = stressful start, better afternoon - stressful night
Wed= Ok start but expect changes
Ths= Rough AM, sudden changes- drifting afternoon
Fri= no new starts
ok to socialize but expect nothing exciting.
Jay
Say, the market just had a very rough week that’s punctuated by another plunge of the Dow of more than 200 points on the final session of the week, like the week of January 19-22. The fear set in, and over that anxiety ridden weekend, you’re scrambling all over the Internet for advice on market directions.
Unfortunately, all that you’re getting was the double talk of the “IF THIS, THEN THAT” and the “WHETHER, OR” from advice columnists, newsletter writers, etc. Whether it’d be a crash next week or it’d be a new uptrend. If the market didn’t crash next week, then it’d be bullish. If this support/resistance level broke, then it’d become the new resistance/support. YIKES!!! You’re now more frustrated and confused. You wished that someone, be it a fear or greed monger, would just come out and point decisively to an immediate direction.
You went on to check out some of the online forums. And, as usual, those that held short positions were pounding the table arguing their bearish cases and vice versa for those that held long positions. That reminded you of the times you asked your real estate agents, car salespersons, insurance brokers, etc. whether this was the right time to buy what they’re selling. They’d all given you the answers based on their personal interests.
So, who do you trust?
Trust nobody. Trade with stops.
If you want to play the bull case, decide how much you'll risk on it and place stop... same goes for bear case. By the time you know for sure, the market will be well past the good entry zone.
Some high profile names are convinced we've started the BIG ONE to the downside... destined to take out the March lows. Others are equally convinced 2010 will be more like 2004. Don't know who is right, but we know for sure at least one of them is wrong.
Personally, I'm in the 2010 = 2004 camp so far...
Techman
still short fairly big via euro /6e think we have a nice gap down into the open i agree with Jay fairly flat trading hours with the monday ramp at the normal 3pm eastern time
WOW!!!!!!!!!
GOLD is SPIKING!!!!!!!!
FUTURES are SPIKING!!!!!!!!!!
Looks like a GAP-UP open !!!!!
Ian R
sunday evening fake out - monday is a down day in my books
Cementsac,
Youre a fak. bears will get their heads handed to them just like Canada did against the USA hockey team.
GO USA GO
stuart
sunday evening fake out - monday is a down day in my books
sunday evening fake out - monday is a down day in my books
polly want a cracker?!
lol
s.
Hi Jay, is the optimistic full moon on the 28th going to have spillover effects on each trading day on either side? i.e. are 26 Feb (Fri) and 1 Mar (Mon) likely to reflect that optimism, or will the effects have worn away since the full moon is on Sunday? Thanks for your work!
futures are still climbing. Shorts are getting squeeeeeeezed. The bull is on again.
bob
monday down (but don't expect a crash, down less then 1%)
tuesday reversal in early am
the rest of the week up
call me for more info
What's your phone number?
x
We have nicely forecast the low and the upward trend has set in. We have risen above the ITD1 and for Delta that is a confirmation of the MTD8 low of 5 February.
At the beginning of this week there was indeed a rise and the ITD2 high came later, which happens more often than not in an upward trend. Looking back on it, going short gradually on Wednesday, Thursday, and Friday turned out to be good timing. In the coming week we can go down toward the ITD3 around 25 February.
In the long term the trend is upward toward the LTD6 to the LTD7 around the end of June. Only if we go below the light green line will the MLTD14-15/LTD5-6 be moved anymore. This might still happen in April.
Gannman
The oicture chart is emulated crash 1987 in index stocks and index vix,i am believe that before 20 march sp5oo could are near 600 points.
Regards.
out flat for breakeven think I may sit today out I don't see any big moves other than the big one overnight might short the 3pm spike this afternoon
Canada is having a dissapointing winter Olympics this year in Vancouver, Canada. Not nearly as many expected medals. The men's favored hockey got beat by USA yesterday and need to play Germany and RUSSIA just to get to the semi-final.
I think they will lose to Russia and fail to even win a medal, let alone a Gold. Why?-you might say.
Because this is payback for the Vancouver RCMP who killed Polish immigrant ROBERT DZIESKANSKI at the airport anddid not even attempt to revive him after he stopped breathing.
Kharma's a bitch!!!!!!!
herman
Keep your comments related to Mkt analysis - personal attacks on anyone will NOT be tolerated
J
Power index & propens index seem to be pointing toward a supporting day, and or higher by days end
Jay
wow. If today closes at highs then this has been one awesome rally in a long long time. amazing!
I thinks this proves we're going up to an August high and I wouldn't be worrying to much about a crash type scenario that alot of perma-bears and FAKE bears(GS hucksters) have been crying about. TRUST NO ONE!!!!
except your own TA.
rudy
March S&P E-mini Futures: Today's day session range estimate is 1100-1116. The market will reach 1200 over the next three months.
carl futia
1200 doesn't seem so
stoooopid as it did recently
you better trust My Books, down it goes
ok back in long 1106
why did you ignore My Books, rrman?
I agree with cementzak
I started bit late today. It will be a wonder day.
I wrote my view on my blog based on astro positions.
Cementzak
How far down do u see
probably ES 1094, might bounce from 1100 first
Indigo
It seem that the full moon will have a very short term effect on late Thsday and Friday
but the atmosphere changes for a low on March 2nd & 3nd
rally into 5th, with maybe some left over on the 8th, but declines from there are imminent
J
LONG!!!!!!!!!!!
x
give us a link to your blog astral
you can't be more wrong than some around here
1094 1128 977 1235
wont reach 1094 today.
LONG!!!!!!!!!!
x
not today, that is correct Sir
Hello Anonymous friends
Please register at the blog of your choice even if you hate the opinion of blogger. It makes no sense to shoot messages in dark. We must author our views.
If you really want to succeed just engage in a good dialogue.
My blog is linked at but it is at http://astralguide.blogspot.com
I am not predicting out of whim or bias but purely based on what I read. I will be sticking to my posts. Of course I may be wrong but I have noticed in few years of my study that my readings do work which in fact is a good news for me too because I myself am a skeptic.
ok out long 1106.25 went short eur /6e 1.359
ASTRAL
thank you
Ditto
MY SENTIMENTS
EXACTLY
J
We're almost there for a Gold buy signal today.
karen
ok covered 1.4588 I'm not playing anymore today this is a minefield i will wait and play afterhours thats when the money is to be made....I think it looks like a spike right before close so short it or if i miss it will go long about 6 or 7pm looks like we move up all night into tomorrow
1,3588 was my cover damn can't type this morning
rrman
what's the matter with you. The next trade is long and the entry is today during the day hours. Be patient and take a position and hold it. You're not going to make money every minute.
mark
Yeah Mark thats why I'm setting out for a while I just don't see a clear cut move so its better for me just to take my intuition serious and quit playing around when I don't have a clear direction during the trading day I think your probably right on the long but ....its just a pop and will go down at the close or right in afterhours so I will wait for that
There we go.
LONG!!!!!!!!!!!
x
stop loosing money Anonymous
cementzak..
watch and learn
x
Thanks for the full moon clarification and outlook into early March Jay!
I had my astro clock bit confusing because it seems I was not sure of day light hour difference. I fixed it now. Currently looking at Copper.
It had a decline around 9 am cst.
1o to 11 AM was favorable but at 12 mercury saturn conflict so bit confusing and again at 2 pm Moon against mer/sat.
March Futures fell from 335 to 329.
Copper has some favorable move tonight at 11 to 5 am which means Asian market may pull it up on 23rd Morning.
Jay
You are very generous by allowing anonymous. Most bloggers dont allow anon comments.
I am surprised at some people. Do they realize that one can remain totally anonymous yet by clicking follow you can track better, get feeds and post easier. You dont have to register specially for this blog. You may use any existing ID.
By following a blog we can participate more actively.
I took a 3 point profit on a good number of es contracts.
good money profit today boys.
I want to see what she does noe and I'll take a position whichever way she breaks.
Stll favor upside in the next few days.
x
sold 1111.2 cash.momentum should see where this wants to go.61.8 retrace right here.
oooooh this is going lower into tomorrow morning at least it looks like from here
zooey
they might prop this up today,but i would be very surprised if we dont start down by tomorrow,im not looking for much but i think 25-30 lower is reasonable
cementzak and after8 are right on about this moving lower still.
mark
I'm snortin and chortin
x
shorted the pop w euro /6e 1110 level will cover here in a bit this drop won't last long then we rally all night and morning into open will go long shortly when this wave ends
long now long euro /6e
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