MONDAY PLUNGE ???
Maybe and maybe not
I'll publish an adjusted Nov graph over the weekend
basically
after high today- on Nov5th
expect Negative days on
8th to 10th
10th =more likely a plunge day
16th to 17th
22nd to 30th
In between expect positive days
Contradicts that NOV 4th LOW previously published graph as we possibly got that EXHAUSTION
thrust HIGH on NOV 4th, turning that Oct graphs upside down.
AND CONTRADICTS that NOV 17th
HIGH at 144 tr days from Apr 26th
IT would appear the CYCLES, that IAN published for THIS WEEK are more important.
The length of time between Nov 22nd and 30th obviously makes that time frame more dangerous
I know Ive LOST a lot of PEOPLE due to my CONSTANT negative calls
but I have to report based on
the info & data Im getting
LIKE May, this month could offer the WORST Nov in 70 years
the FIRST KEY date is NOV 10th
If it resembles May 6th , we will know how serious this month
will be, and since its next Wed, we dont have long to wait.
INTERNALS as seen on the 2 graphs I posted from Columbia do who INTERNAL WEAKNESS, not to be IGNORED
regardless of FED funding banks
They may wish to sit back
for a week, or month to see if they want to invest in stocks that have already run up.
OR
Maybe they will sell now, and buy back when those stock are available at fire sale prices
Jay
PRAMOD
HIGH of day could be 3:45
based on energy
180bars at 12:30 right now making a little low
204bars next @ 2:30, or 210 @ 3pm could open the door to close near the HOD
EKG does NOT give specific TIMES
I have to derive that from OTHER
means, but thanks for asking
I would really like to get more commentators with OPPOSING DATA
- NOT JUST STABS & JABS in my back.
It would be great to make this a FORUM where we can BOUNCE ideas OFF each other with data, charts, graphs, energy, etc to back it up
for example
Ian's BLog is a place to GET INFO
this is a place to DISCUSS the market- whats next
LETS USE JAYWIZ BLOG THAT WAY
thanks
Jay
15 comments:
d
Closing near hod and high of week and more Pomo
Money on Monday. No plunge. And as vie said before
Pomo money trumps Elliot waves, cycles, etc.
The cash freight train continues because the fed thinks it's
The best thing for the economy.
Janeva
WE WILL SEE just what POMO
does when the tide EBBS
And it may be obvious on NOV10th
Jay
snoopy
What is that supposed to mean?
Jay
Got pulled away willtry to update later---Thanks for all the hard work Jay
Jay - you may be about nov 10th starting a pullback ... like Cemenztek I see this as a push out of a triangle lets see how high it goes - want to see clear sign of reversal before going short ...
Benji ... the head of the US Federal Reserve made this comment.. "consumer confidence will rise with the gradual rise of stock prices".
So over the next months, the market did go higher. It didn't matter what type of news hit. Home sales at historic lows? Market up. Retail sales down? Market up. Foreclosures hitting records? Market up. Mortgage debacle concerning fraudulent paper? Market up. Job losses? Market up.
How on earth could the market go for so long, with everything pointing to economic collapse??
The market isn't free, it's manipulated to go higher ... check this out:
By Ben S. Bernanke
Washington Post
Thursday, November 4, 2010
http://www.washingtonpost.com/wp-dyn/content/article/2010/11/03/AR2010110307372.html
You see ... what Benji did was set up the POMO program and others like to to reward the 18 major institutions with "free" money. They in return were required to use "some/all" to push stocks higher. They have done that in spectacular fashion. Even on Friday, a day after a 200 point gain on Thursday, stocks needed a rest. heading into the last hour we were down some 40 points. But no.. that's not allowed today. They circled the wagons and pushed with all their might and once again we ended the day GREEN.
listen...the FED is a corrupted agency...worst yet our judicial system, bought and paid for by the same crooks, go right along with the scam. And sadly most Americans are too fat, dumb and happy to hear such drivel. Yet the rest of the world knows and they aren't happy.
Germany, China, Brazil, Russia and a host of other nations have lashed out at Bernake's policies. hey who can blame them? We march around the world whining about other countries usurping the currency, and here's Benji hell bent for leather on a straight course to devalue the dollar. Now, if you were holding a "heap load" of US Dollars, wouldn't you be upset if in an instant they became worth less? Sure you would.
But.. when you intervene, when you think you can pull the right lever and push the right buttons to make it all work out? Nope. They've been there, done that. Didn't work. Ends in misery.
bottom line from my rant is this: Bernake's going to print money and hope the dopes on main street are stupid enough to feel good and spend their last food stamp on an ipad. The rest of the world hates our guts and are embarking on their own form of protectionism. To think that this ends well is rather naive, no? Yes. We are witness to history folks. Not in a whole generation have folks been able to sit back and watch an entire economic system be systematically destroyed. Nero fiddled while Rome burned. Obama goes to India. Bernake goes to G20 meetings and gets laughed at.
If someone says "stay long this market ,it's going up up up" and it does, it's not because he's a genius, it's because the Fed and Wall Street want it up more.
Likewise if a well respected trader/investor says "be cautious this market is waaaay extended" and yet it goes up.. don't give us grief. There is not ONE SOUL that really knows when this will end except Ben Bernake and the "white shoe" boys of international banking. Period. the clan of elites doing their behind the scenes baloney know when the rug pull will come. But it's a closed group and I lost my membership.
WELCOME Members # 129 & 130
glad to see new people signing in
Ive added more content and sponsors
for your benefit, and of course to build more traffic here
My GOAL is to make this a PLACE where we can DISCUSS the market technically so that anyone reading our comments can benefit from a COLLECTIVE knowledge
If you think Im not looking at the right things, then tell us ALL why, How, and When with detail such as charts, cycles, Elliott, or other wise
BUT PLEASE Dont just sit there and SCREAM YOUR WRONG - POMO money WINS over cycles
The ONLY REASON POMO money is
APPEARING to lif the markets is BECAUSE it is happening at the RIGHT TIME in the CYCLE
thanks in advance for your contributions
Jay
Market under accumlation. Pullbacks will only be more buying opportunites
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