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| Published 6:30Pm Monday March 7th |
Just as described, we should see the SPX make it to 1323 by 12:30 to 1pm
Bottom occurred @ 1pm, and turned at 90 bars at 2pm
Jay
4pm update
Today we got a high at 1pm as described yesterday, but no sell back to at least 1313
SO, we will go to 1332 Immediately tomrrow
OR
Drop back to 1313 and them run to 1327/1332
Either way, I WILL be shorting 1327 and or 1332 at 11am to noon
Expecting a stronger sell off on close tomrrow and leading to a 3pm low on the 10th.
SEE the POWER DATA GRAPH
Jay
7 comments:
It looks like everyone talking about the "Day of Rage" set for 11 March as a key event to shorting the market and where OIL will go over $150, etc.
I think the BEAR will be disappointed. The crooks are using this day to attract as many BEAR as they can for a slaughter.
I would be caution here and use STOPS.
We are making a low on /6e euro right now around 5am will reverse back up and March 11 shows on Helge to be the next low then big reversal as the /es has been following helge lately it should be good for the market also
we could easly drop 5% in a few days.
WE got 5 waves UP thru 3pm, and The MKt has not sold back.
I'm looking for a retreat to 1310, either at close or at open tomrrow
Tomrrow's 11am energy could go either way, but If a HIGH, Im shorting it if the spx gets to 1332
If a low, near 1313, then Im holding off till 1327 later in the day
Both Power data and EKG indicate a sell back before running to a another high at 1327 to 1332
26hrs at 10am could provide that low, but I was really expecting a sell off today after 1pm.
Blast off to a high at 11am, but it looks like it will be more complicated as above.
Jay
TWITTER index to buy and sell stocks
Based on Sentiment
I expect that hedge fund will get burned
Jay
/6e euro just hit top of channel and overthrew a bit top 1.39 out of longs and now short 1.3912
/es looks the same as euro should be a good short here hold until friday which helge shows to be the low of the week
http://www.cyclelt.com/INT.htm
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