Thursday, August 26, 2010

Afternoon Commentary

NOTE the fibo dates & timing

144 is FROM FEB 8th low = SPT 3rd -lo to lo
377 is from March 9th low = Spt 3rd lo to lo

This is FROM MY DAILY SPREAD sheet which keeps a record of TRADING DAYS ONLY

THEN
we must ADJUST For each NOV & DEc as there are 2 days that trade till 1pm only and count as half
days- THUS WE MUST ADD ONE FULL DAY
making SPT 7th the ACTUAL LOW

Now, note
Spt 3rd could be the CLOSING LOW
and SPT 7th the AM intraday low which is ALREADY SETUP
on my radar and blog as such at 10am

Jay
at

6 comments:

  1. Joseph4:51 PM

    your getting better and better Jay, this site is AWESOME !!
    For now 10k has held and the Russell Fin 100 bounced from 700. Im looking to go long on your Sept 3 and or 7th date, of course things can change...

    Thanks
    Joseph

    ReplyDelete
  2. Jay Strauss5:41 PM

    As far as SPT 7th GO LONG IS FIXED IN STONE

    SPT 8th says NEW START

    SPT7th at 7am hangover from the 3rd

    3rd has MULTIPLE long term FIBO cycles converging neatly

    Im thinking from Monday to Friday should give up 144 spx pts to get to 940

    All in one week, makes good $$, otherwise they KILL them puts with time erosion
    That doesnt happen with calls

    Jay

    ReplyDelete
  3. Jay Strauss5:43 PM

    SPT 7th at 10am , sorry TYPO
    BUY BUY BUY BUY
    NO DOUBT ABOUT IT

    Jay
    It might linger a day, but just like today it will be forgotten
    in the dust of the bull till SPT20th

    ReplyDelete
  4. San5:48 PM

    S&P 500 analysis after closing bell
    http://niftychartsandpatterns.blogspot.com/2010/08/s-500-analysis-after-closing-bell_27.html

    ReplyDelete
  5. stalion7:17 PM

    I really do think that tomorrow is going to be a telling day. If Benji lets fly with plans to provide more liquidity, the market will love it. If he doesn't, I don't see a single thing that will keep us "up" for next week.

    Since the positions I am in are short sided plays, I'm in a position where if Benji let's fly the punch bowl, we're going to take a smack. I sure don't like that, but I'm gambling that he's going to say "not enough" to make the street happy.

    ReplyDelete
  6. astro89:07 AM

    Jay wondering if you might have a cycle low today around 1pm? Looking at the Bar chart. thanks

    ReplyDelete