I'll take that as a resounding successOK for a start, but I had been expecting more from my bear friends
Lots more coming next 3 days
Arms today was only 2.85
PC ratios came in at 90% bearish
Jay
So far so goodDown open, and some recovery
10am = Neg energy
39hr cycle, and if hod, even if only a recovery high ,then lower we go
10am = LEI & Fed survey data
Jay
SPOKE too soon
its now 9:55, and they are tanking
High might have truncated at 9:45, and I bot in just in time- now short
didnt want to wait for 10am
____________________
Off Aug 9th
wave 1 lasted 26hrs
wave 2 will be 19.5 hrs tomrrow AM
If im right about wave iii
should be 26 hrs from tomrrow AT 10am till 10am Wed, 25th
wave 4
19.5hrs to Aug 30th at 10 to 11am
wave 5
might go 26 hours to Spt 3rd at the 377 tr day mark at 10am
All we need now is for some one to strike up the band
____________________
its now 10:15am
And guess what, the BAND is PLAYING my TUNE
more later
Jay
13 comments:
Jay,
So far so good on your call. Let's see if it continues. The real test will be that 20% call for early next week...Let's hope it works out they way you indicate. WITHOUT any indication of war as the trigger of the 20% down...
WAVE 1 OFF August 9th got to 1070
WAVE 2 made a FLAT in wv [c] which terminated at just below wv [a]@ 1100.14 on 8/17 & wv [c] @ 1098.95 on 8/18
AUG9th wave was an EDT =
VERY WEAK indications for the immediate future.
SINCE WAVE 2 is a FLAT we MUST
ALSO consider such an event to be an extremely WEAK indication of the IMMEDIATE FUTURE
NOW we are seeing only a part of the evidence from the above wave count
Jay
Jay, you might love the pic:
http://www.etf-corner.com/markets/
ITS very OBVIOUS that 1070 WILL NOT HOLD here
at about noon, its being tested,
Madabout
CUTE PIC & nice chart
thanks
Even tho my yahoo group has been warned by me and a few others, the majority STILL Bottom fishing.
SOME think a LOW at 1070
Some think a LOW tommorrow
and the band keeps on playing my tune
Jay
Bethovan's 5th on Monday
good call Jay on the big drop but
I think this is a game day to get the longs out of their calls today before they take it up tonight/tomorrow to screw the bears out of their puts
I just went long /6e we are bouncing along the bottom of the big channel just like we bounced along the top a few weeks ago before it dropped to the bottom of the channel /6e is due to run back to the top...
Arms index at 3pm is 2.15 and no where near a buy.
It was 6.25 on the 11th
Tomrrow is supposed to be the same as today
which means
next week should start with no doubt about it
Jay
Hi Jay, in your view and I or we are not holding you to it but the DOW at 10100 or SnP 1050 is the low in your view. If so then now is a good risk reward to go long in my view. Or do you see us breaking 10k next Mon/Tue as you refer to Blacker Mon and or a Tue/Wed intra day low possibly.... who really knows but interested in your perspective and others
Jay, Chris Charolin chart is showing a low, today and rally till 26th
Interesting Math correlation
Wv 1 from 1128 to 1070 = 58pts
wv 3 expect 58X 1.618 = 94pts
1100 - 94 - 1006
Jay
Dow Jones analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010/08/dow-jones-analysis-after-closing-bell_20.html
Microsoft Trading near weekly trend line
http://niftychartsandpatterns.blogspot.com/2010/08/microsoft-corp-technical-analysis.html
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