180bars at 10;30204bars at 12;30
78.6%/13 day at 12;25
228bars @ 2;30
Energy - negative influences at 2;15pm & 3:41 pm
Initial EKG for Thursday indicates a lower open
Most important pivot date this month looks like May 28th
May 31st Holiday
June 1st/2nd = Bradley turn - should lead to mid June high
Jay
24 comments:
jay, rrman, abdullah
sent u email from Mahendra
pdf format
jay u think spy 113.5
rrman
u still vacation mode, missing all the tornado chasers
buying some at 1112.2.i think soon we turnaround.
thanks for the email Reza looks like we're getting our Euro Rally today I'm looking to short it around close for a big down tonight and tomorrow we'll see if they can get stocks to follow I'll bet they do after Europe closes...tomorrow should be the low then up thru 9th or 10th of June
LOW due MAY 28th -
do not chase longs till then
However, TOMRROW has possibilty for huge rebound as per POWER INDEX
Today still should end at or near lows
Major neg energy at 3;41pm
EKG appears muted on the upside, or was 10am all they got
Jay
jay
did u get my email
i think bottom will not be in until aapl hits 184
Reza - can you send to me too pls ...
Anjali
reza
Got the email
much to read everywhere
Need to condense data
GOT to that spx 1100
should make it lower to at least
there by 3:30
Tomrrow looks like strength
after hopefully a lower open
BUT
the MAIN trend for May is lower till the 28th.
Jay
Jay
I think it looks like 1070
Jay your formula,
Breaking 1120-40=1080
If they do stop at 1100
today, then a fibo retrace could then get back to 1145-1150 tomrrow or Friday
BUT
from there , deterioration should get to a pivot low on the 28th
in other words, we cant start an uptrend until after May 28th
and even then it wont amount to much other than a bear mkt rebound
WE cannot expect anything like the March 9th, 2009 low to April26th for a long time to come
THAT SHIP has SAILED
Jay
Reza
40 pt rule of thumb
1220 - 120 = 1100
if that breaks, then possible
1060
but I doubt it
1080 is a 1/2 of 40 pts under 1100
Jay
1080 would be JUST RIGHT, mama bear
jay
I think the bounce may come from 1080 area to 1140. From 1110 area does not have a strong bounce. 1090 is the long time support area. So I think they may want to take a little more down, then jump up
i think that may be as low as it gets now this week.im going to leave my stop at 1100 and try and run this long into friday open.tomorrow should be straight up in rth,or possibly an opening dip,then ramp.agrees with you jay.
Crappola
Possible lower open to retest 1100
reading calls for challenging start
EKG shows lower open on the next graph
Best of the bear is not due until
next week on 26th to 28th
Jay
Reza
A rally is DUE
but as you write, 1100
or 1090 should be hit first
Tomrrow AM is last chance for
dip to 1090 - 110 retest, then boom to 1140-1145
Jay
Reza
A rally is DUE
but as you write, 1100
or 1090 should be hit first
Tomrrow AM is last chance for
dip to 1090 - 110 retest, then boom to 1140-1145
Jay
Reza
A rally is DUE
but as you write, 1100
or 1090 should be hit first
Tomrrow AM is last chance for
dip to 1090 - 110 retest, then boom to 1140-1145
Jay
spy needs to close under 111.77
Jay
Any update about tomorrow's EKG
So far looks like gap down. Any thoughts
ok went short /6e Euro 1.2412 I think we're about done on the up move should be down all night
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