Thursday, October 07, 2010

General road map for next 6 months


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

8 comments:

  1. abdullah
    power 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

    ReplyDelete
  2. Based on what you just said Jay - why don't we find good points to go long ....

    I don't know how many people are making money on this board trying to go short on these cycles that are all moving up

    ReplyDelete
  3. 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.
    Hence, your week of 18th as a major sell-off.

    ReplyDelete
  4. AS - how much can you capture in the LONG side??? 1-3% if that.

    How much can you capture in the SHORT side??? IMO +30%

    ReplyDelete
  5. 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.

    ReplyDelete
  6. As
    HOW 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

    ReplyDelete
  7. Abdullah
    We 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

    ReplyDelete