Tuesday, November 02, 2010

Nov 2nd EKG

STILL running at 70% accurate DAILY since MARCH 24th
we see the late upswing DID make a higher high, but the end of day did drop off but not as dramatic as the EKG shows, and once again proving the direction is more important than AMPLITUDE
Jay
12:30pm Nov 2nd - note
Can never be certain if the late upswing will be higher or not
DIRECTION counts more than Amplitude
Jay





39 HOUR CYCLE at 10am
might be HOD or LAST HOY

Will Wall St approve GOP restructuring - wheres the BEEF- NO - I Mean $$$

Calm gives way to chaos later today

STILL ZIGGING in 3 waves

Activity index was as high as 300 early this AM, but now at 133,
after bouncing off 66 & 166 in between

Jay

15 comments:

  1. More Pomo money coming thursday and
    Monday. Don't fight it.

    ReplyDelete
  2. I dont know why GOOGLE is publishing
    Politico Adds on my FINANCIAL blog

    Jay

    ReplyDelete
  3. Janeva
    SOMEBODY is buying POMO
    but we''ll see very shortly how effective it is or not
    Jay

    ReplyDelete
  4. More Pomo on Thursday and the fed announces
    Tomorrow how much more after that. Don't fight
    The fed as long as they pump billions into the market.

    ReplyDelete
  5. We understand Janeva. There is no need to repeat it every day. We are all able to make our own decisions. In your case, buy long.

    ReplyDelete
  6. That's fine if you end up being correct. But what if the market tanks. I prefer not to guide others because I could be wrong and someone might get hurt.

    ReplyDelete
  7. If the market closes below it's 13 day ma, that's the time
    To get out. Not before and I've said that.

    ReplyDelete
  8. http://www.zerohedge.com/article/goldman-recommends-buying-november-1125-spx-puts-dec-vix-puts-selling-dec-vix-call-spreads

    ReplyDelete
  9. Fed is about to announce 500+ billion more in Pomo money tomorrow.

    ReplyDelete
  10. "Fed is about to announce 500+ billion more in Pomo money tomorrow."

    Then this will disappoint Wall-ST. They are expecting $2 Trillion

    ReplyDelete
  11. The market has already priced in:

    1) sweeping Republican victories and 2) $1 trillion QE2.

    if it does go higher, I say no more than 2% MAX. Down Side is 30% IMHO.

    ReplyDelete
  12. Abdullah. Then go all in short.
    I'd wait for a close below 13 sma on spx
    To be safe.

    ReplyDelete
  13. That is good advice Janeva. I agree.

    ReplyDelete
  14. Janeva - I never invest 100% in the market. The most I do is 60% no more. I think I am comfy with my 50% SHORT and 10% in my SLW (silver) & 40% in bonds/cash.

    ReplyDelete
  15. S&P 500 Futures before opening bell: CLICK HERE

    ReplyDelete