Friday, November 12, 2010

Day Traders EKG - Nov 12th

Darn close to the real days action
still achieving 70% accuracy over time
now since March 24th
Jay
KEEP in Mind that the EKG is NOT EXACT- but represents DIRECTION more than Amplitude, so dont be misled mentally thinking something that is not, but as you can see it works damn well
Its only 7am, and Im early- got an appt to go to

If the 7am futures hold at open, then we should see the
above till at least 10am at the 13 hours cycle


We appear to be in a battle between the buyers & sellers ; --Duh, of course

but its Different from Spt & Oct where most of the Selling was restricted to a few days

This month we see selling every day, but recovery during the day from
those staunch bulls who are still in buy the dip mode.

when will bulls get the message?
Later this month when selling overwhelms buying, or buying just dries up

Yesterday's FLUX action was HEAVY most of the day
Today, so far is Heavy again, but is only part of the day, thus we see that translated into
the EKG above.

30b@ 10:30
60b@ 1pm
90b@3:30-- could set the tone for a late recovery as above

Many bulls still HOPEFUL for a return to 1225, but I really tend to doubt that

the daily readings seem to be pointing toward a low on the 17th,
with a POSSIBLE plunge starting at noon on the 16th

more later
Jay
at

11 comments:

  1. Jay Strauss7:36 AM

    the 10day ARMS at 481 is SCREAMING SELL

    Jaywiz index at .42 is moderately bearish

    that FIBO CLUSTER on NOv 5th -so far has held its own, and the tide seems to be turning toward the bears

    As previously mentioned, the BIG down days are not due till the end of the month, but we could get a possible plunge day from mid day on the 16th to the 17th

    From there a recovery on 18&19 would set the stage for the secondary sell off from
    Nov22 to 30
    Jay

    ReplyDelete
  2. xenne7:51 AM

    the market is correcting, not in an impulsive way (12345), but in the a corrective abc pattern. that must explain the choppyness. but that doenst mean things can't get ugly

    sincerely
    cementzak

    ReplyDelete
  3. stalion9:28 AM

    Look at the new POMO schedule just posted:

    http://www.newyorkfed.org/markets/tot_o ... edule.html

    ReplyDelete
  4. stalion9:32 AM

    This fund manager has called all the big moves in the market correctly some times within months of it happening. He gives this bull trend two quarters before falling! http://www.cnbc.com/id/40115265

    ReplyDelete
  5. Jay Strauss12:08 PM

    Abdullah
    for the longer trend, Im currently looking at Feb 2012 for a mAJOR LOW.
    Downtrend to start Fall of 2011

    Jay

    ReplyDelete
  6. Jay Strauss12:54 PM

    Gary Shilling at Bloomberg news says
    Significant stock sell off within 12 months

    NOW THATS news to me
    {GG}
    Jay

    ReplyDelete
  7. Reza1:58 PM

    Jay

    Its better we focus on month by month basis. The manipulation messes things up

    ReplyDelete
  8. Reza2:00 PM

    Anyone think China will kill AAPL this weekend. We have no more manufacturing in USA, only AAPL

    ReplyDelete
  9. Reza2:07 PM

    Wells Fargo could not take it anymore sues itself

    http://www.denverpost.com/business/ci_12811216?source=rss#ixzz14ywFQEV8

    ReplyDelete
  10. Unknown10:39 AM

    SPX closed under 13 sma. As I said in previous posts
    stay long until then. Now I would short the rallies instead of buying the dips until we close above it.
    G-20 meeting was a disaster for Obama, because of pomo. A currency/trade war is now brewing. Could get
    ugly.

    ReplyDelete
  11. Jay Strauss9:01 AM

    Thanks Janeva

    Some Elliotters are considering
    the current high on NOv5th as WAVE 3

    thus wave 4 and 5 are STILL coming

    Guessing we are in wave 4 now to 1170, and then he says wave 5 to 1300
    No time frame suggested by that tech

    38% retrace however, is to 1155
    by my math, but 4th waves can be more serious and take out as much as 62% to 1110

    Jay

    ReplyDelete