All cable news today reporting DOW at 11,000
sentiment seems very positive from the media
Same old question
are we there yet?
Internal Technical arms data adding to its overbot numbers
10day Trin now at an amazing low of 642
and we have had LOW daily ARMS readings for 7days in a ROW
Hadik's April 19th date is what he calls ""a day of infamy"" as it has a history of
international events that have been, lets say historic, and not in a good way.
Energy output from April 19th to May 4th indicate a severe let down from the
FEEL GOOD week of April 12th to 16th.
and just like the events of April 2000, stock prices should react poorly
Jay
If the markets start to head down within 15 minutes of the open I see SPY 118.25-118.75 as a target cover for a very fast day trade short.
ReplyDeletelooks like we're in a down wave until 11 or noon central then reverse up big
ReplyDeletestill short /6e
rrman
ReplyDeleteI was also thinking a low by 10:30-11:00 CST.
Now, ..., would the Transports quit going up!!!!
1.3573 out of short /6e will wait for another run on the 15"
ReplyDeletelong /6e 1.3566
ReplyDelete/6e 15" stoch should make another run up now just be interesting to see if we have enough time for it to run down again i would guess we do and fill the gap at 3500
ReplyDeleteIve been in touch with a REAL Trading Elliott guru, and he agrees with me about the TRIN as way overbot
ReplyDeleteIt has provided daily arms under 70 for the last 7days giving us a read of 642 on the 10day which confirms the low overbot readings on the 5day
combine that knowledge with Hadik's call for a peak this week AND
MY work suggesting ONE MORE RUN
over 11,000 this week
seem to be pointing toward -IMO-
a repeat of April2000
The energy from April19th, "Hadik's day of infamy" to
May 4th& 6th becomes heavily
influenced by some very negative
ions suggesting whatever FEEL GOOD week we are having NOW will NOT LAST when we turn the corner on the 19th.
Jay
out of long /6e 1.3579 will go long again on the 5" stoch
ReplyDeleteRman - right around 12 ET ... great call .... how do you predict this ?
ReplyDeleteJay - thanks for sharing your outlook ... looking to exit longs around the 16th ...
ReplyDeletelooks like the /6e is making one more run down that will be a great long to ride this big pop into 2pm central or so then it reverses and goes down into the close
ReplyDelete1.358 long /6e might drop some but don't want to miss this big up wave into 2pm
ReplyDeleteHelge shows thursday at the Open to be the top then down from there
ReplyDeletehere we go guys big wave up for a few hours
ReplyDeleteRman - "rrman said...
ReplyDeletelooks like the /6e is making one more run down that will be a great long to ride this big pop into 2pm central or so then it reverses and goes down into the close"
is this based on Helge's charts ... can you share which ones as I get confused when I see this ... try to do overnight swings to trying to figure out how to get the timing right ...
Thanks,
AS2009
AS I use the first 3 charts and the 15", and 2hr stochatics on Think or Swim to try to get his timing
ReplyDeletealso AS Helge seems to work really good with /6e the Euro but the /es not so good anymore it used to but around feb/march/april not so good
ReplyDelete1.3585 out flat will wait on 5" stoch to come back to the bottom
ReplyDelete1.3592 short looks like its time for the down wave into the close
ReplyDeleteINTC after hours, JPM in the am
ReplyDelete1.3591 flipped from short to long
ReplyDeletewill go up until around 6pm central then down into the open tomorrow gap down open then ramp all day long
ReplyDelete1.3605 flat before lockup should get a small pullback after unlock will go long again
ReplyDeleteReza - could I request you to send the Mah pdf that you pasted yest to my email id AS2009trades at gmail dot com
ReplyDeleteThanks in advance,
AS2009
short /6e 1.3648 and /6b 1.5408 should go down now into the close I think
ReplyDeletewe will give up all the gains from the close and more over 50 pips on /6e
into the open rather
ReplyDeleteI am looking at the $Up/$down ratio for the NYSE today which was 0.66 while the DOW and SPX were slightly up. That is a huge divergence that last happened 3/18.
ReplyDeleteIf the result is the same a gap up on the open with a 10-15 SPX decline over the next 2-3 hours before reversing back up again.
Helge has new seasonal charts that I am using to trade my ira with fas/faz
ReplyDeletehttp://www.cyclelt.com/SE.htm
Helge called the after hours on the /6e to a T he shows the low of the night to be right at open then straight up all day long with high of day right at close big up day .....then reversal at close down sharply until midnight or so....then reverse hard back up into the open with the high of week made at open
ReplyDeleteout of /6e shorts at 1.3606.....will go long at open we should go up all day long
ReplyDeleteApril Lunar Cycle
ReplyDelete4/6 (5:37 a.m. EDT) Waning Quarter Moon
4/14 (8:29 a.m. EDT) New Moon
4/21 (2:20 p.m. EDT) Waxing Quarter Moon
4/28 (8:18 a.m. EDT) Full Moon