TYPO- sorry ,did not proof read, got distracted- sh happens.
It was 528 tr days from SPT 2nd, 2008 at OPEN dow @ 11,790
to Oct 6th at OPEN dow @ 10,998
IT WILL BE 528 tr days from MARCH 9th, 2009 to March 28th 2011
Thanks for pointing out my error, & SOME of you picked up the RIGHT
dates immediately while others,---- well we wont say any more.
Just Coincidence ?? maybe For educational purposes, maybe.
Can we USE this knowledge?
Not today, but the graph might be useful
some did not like it and compared it to an EKG--
ooohh, thats what its supposed to look like.
Jay
S&P 500 before opening bell
ReplyDeleteabdullah
ReplyDeletepower data shows today biased to go lower.
ALSO
Shows MONDAY OPEN at 39 hours to OPEN at a HIGH, which if we only get a mildly lower day today, then Monday AM should ATTEMPT to hit the HIGHS {1163} one more time.
BUt the day STILL has potential
to recover any mid day lows
____________
Tuesday 12th
ONE MORE TIME - damn, they just wont give it up yet. BUT this time there should be NO recovery
THEN the 13th & 14th should offer a more negative bias
Major sell off NOT DUE till after 18th, but we should see the market SLIDING into it after Tuesday's open
15th gets a POWER BOOST
BEAR action is SO RARE, that we really have to be cautious as to when it has stronger potential
Jay
Based on what you just said Jay - why don't we find good points to go long ....
ReplyDeleteI don't know how many people are making money on this board trying to go short on these cycles that are all moving up
Jay - We're entering earnings season next week. They won't be bad, but we have seen some high profile "warnings" in the chip sector, in some retail, etc. Could this earnings season spell a short term top? Very possible.
ReplyDeleteHence, your week of 18th as a major sell-off.
AS - how much can you capture in the LONG side??? 1-3% if that.
ReplyDeleteHow much can you capture in the SHORT side??? IMO +30%
As far as today goes, I think they're going to hold the day flat.. it's job one to keep the market looking healthy for the weekend. But.. I'm still concerned that a mini rug pull is coming Monday or Tuesday.
ReplyDeleteAs
ReplyDeleteHOW LONg can they keep it up
Yes SPT was good for the bulls
and now we are watching for a trend change, which usually takes about 3 days of CHURNING at a TOP
Yesterday was day 1
today is day 2
Mnday day 3
Just because my outlook for SPT failed, doesnt mean it will do so in OCTober
MY Congrats to any one who can catch those SHARP intraday turns
I know there are some who participate here, but Im still building more shorts at these levels
1170 = 9 possible new high today?? or MONDAY at open
Dow hit 11k today, but spx under 1064
ITs the same way every time we get to points like this.
Flash mentioned a turn today, but it might actually hit at open Monday
EKG shows lower open and mid day rally exactly like we now see, but also shows late sell off- we'll see if that works out
Jay
the reading did call for a serious start- better later &
so far its right on
Abdullah
ReplyDeleteWe have to see the trend change which doesnt seem to have happened
yet.
they are still making higher highs and higher lows
When it shifts next week to lower highs & lower lows, then we will know there has been a change
still waiting for the day top to complete
FLUX indicator has been MASSIVE for 4 days in a ROW
havent seen that since 2008
Jay