MY proprietary ADV decl & volume indicators are screaming SELLtheir LEVELS TODAY are woefully lower than the levels they reached on SPT9th
Jay
As previously indicatedTODAY has little value for anyone
expect to put on the finishing touches
All of the data previously eminated from this site is about to come to fruition
Nothing anyone can say or do can change the course of events about to unfold - WHATEVER they may be
Obviously whatever happens will not be armagedon, but will have an impact none the less
As the Monday Spt27th read says- dont believe what you hear & read as SENTIMENT will go to an extreme negative.
its an OLD OLD STORY
When the Media is screaming disaster, its time to be contrary
Jay
5 comments:
Jay - you mentioned 1000 pt drop in 3 days ... that will be like armageddon - no ?
Interestingly Wednesday is the "autumnal equinox". As you know as a loose rule, Wednesday's often reverse what happened on Monday and Tuesday. It was so prevalent for so many years. Well it's kid of interesting that Wednesday will be the equinox... and market history shows us that Autumn equinox's often mark "big" market moves.
AS
I dont know HOW such a fall would be
perceived, but Im sure it will not be liked by many.
Many many times, when it seems that Wall st is under control, biz look pretty good, and the mkts are stable, IS JUST THE TIME the rug gets pulled out.
FOr whatever reason, we still dont know.
Its not something that has never happened b4
April2000 ,was copied by May 2010, not in exact style, but quite similar never the less
I suspect Spt 2010 will emulate Spt or Oct 2000 when the dow dropped 1400 points.
March 2001 gave back 1800 pts
July 02 gave up 1900 pts
WE have seen such things b4.
Which also means we NOW should see the mkt zig zag its way to a final low sometime in 2012, maybe october, maybe not-
thats a discussion we dont need to have right now
IMO< over all, we can expect the mkts to copy 2001 & 2002
NEVER EXACTLY the same, but the bias is there
Jay
let's hope you are right,especially realtive to a similar about to "fall off a cliff" call on 7/2....
You guys think the FED will raise interest rate when they meet tommorow?
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