cant get a clear read on the EKG today - will see if it comes in later
ACTIVITY INDEX has NOW risen from 100 at 7am to 333 now at 9am,
also supporting a possible rebound today
As previously posted.
we have the POWER index surging higher which did NOT occur yesterday, thus
we must look for it today and tomrrow into the 13 hour cycle at 10am tomrrow
Tomrrow calls for an early boost & later fizzle
High tide is today, which should assist any rally attempt
Converging cycles today at 11am SHOULD also set the stage for the next rally
120bars & 13 day cycle at 11am TODAY
EVEN if we DONT GET any SUBSTANTIAL UPSIDE action today and or tomrrow, we still have
until JULY15th where the NEXT major HIGH & turn seems to exist--
SEE the JULY energy graph on previous main pages.
Of course a day like yesterday does NOT usually end in one moment of time,
and needs more time to settle in.
THANKS for all the GREAT contributions
it means alot when traders can discuss TRADING
IF we got a WAVE 1 low yesterday or today at the 1030-1035 level,
thats 100 pts under the 1131 high on June 21st
62% retrace = spx back to about 1100
78% retrace = spx back to about 1115
Expected DATE for above would be MID JULY
MORE LATER
Jay
out of tza at 7.93 not going long just yet
ReplyDeleteok went long now
ReplyDeleteIf there is Anyone HERE who hasnt logged in as a follower on my twitter account, please do so at your convenience
ReplyDeleteThe link is on the main page
thanks
Im trying to get to 200 followers so I can post ads over there.
The ads earn a few pennies everytime someone clicks on one of them, SAME as it does here with google ads.
thanks
Jay
Positive divergence in S&P 500 could lead to a minor pull back
ReplyDeletehttp://niftychartsandpatterns.blogspot.com/2010/06/positive-divergence-of-s-500.html
looks like TNA starting to form an "inverted head and shoulders on the 5 min charts,which would mean about 3 hours (36 bars) of choppy sideways to form right shoulder before take off...the head was just put in with the swift rally 9:40-10...
ReplyDeleteso if it takes off cerca 1-2:30,voila,she' going up to test the gap the first time (most always fails and retraces)
curious ,jay,if that lines up in any way with timing bars... 1-2:30 today to buy tna..
whats the gap on tna?
ReplyDeletelooks like this might be it.
ReplyDeleteLONG--buy the dips
i think 1 of Minor [3] is not finished yet... this rally is probably another dead cat bounce in my eyes. however i am not adding to short positions at the moment. anyway, in the big picture i think 1 of Minor [3] could end later this week. and then a stronger bounce will backtest the broken channel : 2 of Minor [3], maybe it will end around mid july; but that will be a retracement to max 1085SPX imho, a backtest before the meltdown....
ReplyDeleteCEMENTZAK
Agree Ricky
ReplyDeleteBull stops sweeped yesterday at 1031.75, now lets go sweep and mop the bear stops around 1080 area
ummm,that HUGE hole on 5 minute chart on last 5 min bar 6/28 to first 5 min bar 6/29...
ReplyDeleteas predicted,so far,should be choppy for right shoulder formation till 1-2:30 between 37.90-39 +-
japanese candles it's a "window"
I have a few indications that my version of Jay's 39 hr cycle bottomed today or yesterday in the S&P's case. The next larger cycle will not be far behind.
ReplyDeleteIF, their should be one more low in the smaller cycle, the 21 hr for example, I suggest u buy ectremely heavily. But personally I'm not waiting. If I'm wrong I will just add to position 2fold.
The last significantly rally of the summer has begun before the swan dive into September.
BIG money in the next few months to be made.
so you are hoping for a rally to 1080? ... maybe you'll see that level back one more time this year, around mid July. do not underestimate the Power of a Minor [3] our your accounts will be killed
ReplyDeleteyours truly,
cementzak
not sure if minor II will last till july 8 or july 15....
ReplyDeletejay, please approve my request to follow you on twitter. my user id is iamfu
ReplyDeleteHas anyone spoken with FLASHFUSION lately to see what simon's saying these days?
ReplyDeletehavent seen him on twitter in a while
ReplyDeletelast i have on him..
ReplyDeleteReal-time results for flashfusion
FlashFusion
US Warships move through SUEZ canal - some serious theater here http://www.israelnationalnews.com/News/News.aspx/138164
1:21 PM Jun 27th via web
Reply Retweet
FlashFusion
No copyright protection; no problem in the fashion industry http://www.wimp.com/freeculture/
12:51 PM Jun 26th via web
FlashFusion
Oil spill history repeats @Bill_Romanos same then same now, dejavueee http://www.wimp.com/oilspills/
12:39 PM Jun 26th via web
Thanks for the Twitters
ReplyDeleteGot you also JUFU
11am HIT the 13 day right on schedule.
should see a late rally and high tomrrow am about 10ish
Jay
Francois - interesting theory on 36 hour to form the inv H&S - how do you come up with that ?
ReplyDeleteI am in cash right now. .... no options ... have guests coming tomm and planning to relax on the weekend ... mkt seems to be in chop zone, that would kill time on options anyways ...also July 5th holiday will kill more time on options ... so be careful ...
So Jay's got a JUly 15 or so high.
ReplyDeleteI think there's a GANN date on July 6-8 before that.
FLASH says:
MKT: finished my homework; DOW has unfinished biz with 7/9/09 low; sticking with 8250 DOW minimum into Q3 2010, Simon Says !
give u an idea on our swan dive target in September. Big money here.
So I'm hoping this rally gets the bulls excited and capitulates some bears so we can ride her down.
GS is a good indicator. If it does not rally,market does not rally. It is acting very weak today
ReplyDeleteThere's USUALLY a big shake out before these rallys continue. Doesn't mean it's going to happen this time. But Iwouldn't be surprised if price starts to dive but not breaching yesterdays low.
ReplyDeleteThis has happened on the previous 3 larger 13(Jay's version) day cycles
This shakeout MAY occur with the 1 day cycle
ReplyDeleteyeah Ricky Helge says tonight we go down almost to yest low after midnight or so bottoming not far from the open tomorrow
ReplyDelete@rrman
ReplyDeletesounds good
Flash has 7/9 LOW and he is right according to the July ENERGY flow chart, but 8250 NO WAY_ UH UH
ReplyDeleteas you can see on that chart, 7/9 is ONLY a minor setback on the way to a JULY15th MAJOR 2010 TURN off a recovery high
2:19 ENERGY LOw hit ALSO right on SCHEDULE
todays reading did indicate a sloppy type day as we are getting
Problems - clashes- frustrations
TOmrrow reminder says
Early BURST - runs out of gas -quick change
Friday power index shows mkt lower, and reading calls for a quiet day
NEXT WEEK"S Tuesday & Wed infer STRONG MARKETS both days with an AM high on 7th & rollover later leading to a lower day on 8th & 9th- ALA Flash
9th FYI calls for LATE gains
I will repeat all the above Sunday eve. on the main page
Jay
ACTIVITY INDEX Holding at
ReplyDeletethe 366-400 level showing hidden strength
Jay
ITs going to be really TOUGH
ReplyDeleteto buy long at Fridays' close given the distrust of long weekends
BUT
it does LOOK LIKE thats what Im going to be doing given what Ive written this week
Jay
should get a big blast the last hour and early ah i'm going to short the heck out of it
ReplyDeletezigzag's T chart verrrry interesting
ReplyDeletehttp://dl.dropbox.com/u/312885/Screen%20shot%202010-06-30%20at%2011.12.34%20AM.png
so rrman
ReplyDeletethat T-Chart implies it should move higher (20-40 points in s+p into thursday?
there ya have it, new lows across the board... hope your stops were in
ReplyDeletecementzak
Death cross is nearby for S&P 500
ReplyDeletehttp://niftychartsandpatterns.blogspot.com/2010/07/s-500-analysis-after-closing-bell.html
NEW Thread
ReplyDeletefrancois
A big open would beg to be shorted
see new main page
Jay