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| published march 27th @ 7pm |
A VERY Important LOW is NOW set for
MARCH 31st @204brs at 2pm
EVEN if March 28th does NOT produce a big down day, then IT WILL OCCUR on the 29th
OR BOTH DAYS WILL BE INVOLVED
Expected Price level math
94pts lost from 1344 to 1250
94 x 78% = 74 + 1250 = 1323 potential
OR
82pts lost from 1332 to 1250
82 X 78.6% = 64 + 1250 = 1314 - CLOSE on Friday
1314- 94 pts = 1220
1314- 82pts = 1232
MULTIPLE FIBO convergences occur this week as previously noted
Mar 30 = 162 tr days from 10/27/08
Mar 30 = 520 from March 9th-- 520/8 = 65 segments
Another HIGh for the spx should occur by the end of April with a level
at least near 1385, making it a very good bullish month REGARDLESS of the DIRE projections for a MONSTER decline by the 24th by OTHER cycle theorists
ONCE we get past this week, the NEXT cycle convergence lows dont appear till October, so theres plenty of Time in between to make it to higher levels
PSYCH READINGS
Monday= DISASTEROUS
Tuesday = OK AM, but turns sour later
WEd = DELAY COMITTMENTS
Thsday = OK AM --- SOUR LATER
Limiting & challenging
miscalculations - be cautious
FLASH says its THE GRAVITY LOW
Friday = GOOD MONEY DAY
Jay
this is my FINAL WORD on UPDATES- {Whew}
2 comments:
With the DOW smack in the middle of the "range" between 12,000 and the Feb highs at 12,400... what happens now? I wish I had a really good feel.. right now I just don't. But there are two over riding scenes in my head.
1) we inch higher and higher to the 12400 level, and finally push up and through it during earnings reporting season, and then it exhausts itself in a multi month long slide that sees us drop 10% or more.
OR
2) The other is that we inch higher.. inch higher.. but fail to break out the 12,400 and we experience a multi month long slide that takes us to ~9800.
Either way, as May - June gets nearer I think the market will have topped and be in decline. I just can't get a finger on the start yet.
Based on Jay's analysis, could be a good idea to unload shorts sometime this week and go LONG come Friday.
I will place a very tight STOPS on silver and gold. I feel they both, especily silver is overdue for a smack down ...
As far as UNG ... I will place my stop at entry and honor it.
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