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| VIX NOW LOWER @15:12 than April 26th at 16.13 |
BOTH charts point toward April25th as the NEXT LOW
Consider that the last dip showed a low on April11th,, but it occurred on the 12th.
thus we might look for a low on April26th, and possibly part of the 27th
JayITS NOW 12:30 and it looks like FIBO will not be denied
Minor positive energy high at 2:3opm might offer the hod today
1321 to 1325 still looks like a target price level
already got 1322 a few minutes ago
NOTE that BOTH Helge Charts show a HIGH right about NOW, today
matching the Elliott Wv 2 rebound off 1303 wave 1 low
MONDAY starts with 60bars & 13 hours at 10am
serious negative energy at 12;03pm
another neg at 1:35 pm
126bars @ 3;30
WE ALSO HAVE a TECHNICAL SELL SIGNAL Issued by the ARMS data
5day arms = 86.6 --under 100.0 = a SELL
5 day trin = 4.33- under 4.00 is considered a sell- its a close call
10day trin = 989 - under 1000 is a SELL
J
6 comments:
But the chart seems to indicate a high on mon the 18th with the other low being pushed out a day-Is it more probable to top mon or tue-as the big boys reload??
Snoopy
YES, BUT BE CAREFUL with that
NO ONES DATES CAN BE EXACT all the time, and as I pointed out his 11th turn in a low on the 12th and intraday low on the 14th
Just because his charts look that way is NOT necessarily reality.
We see constantly those dates shrink and extend - ask rrman.
HIGHS WILL BE TODAY - Monday comes AFTER the full moon just Spt 15th Lehman BK.
they are voting right now on the republican resolution for the 2012 budget
and HOUSE SPEAKER says F _U - we will not allow the deficit limit to be raised if we dont this bill
and all its cuts approved
ALL HELL IS GOING TO BREAK OUT
this wkend worldwide when they think the US will DEFAULT on its DEBTS and interest payments
Monday COULD OPEN DOWN HUGE.
Jay
What a lousy market we've got. For weeks now we've been trapped under the upper resistance level of 12,400 on the DOW, and each day is a crap shoot.
We're stuck in this sideways chop and because it's been going on so long, the "pressure" is building. When we get longer patterns of sideways chop like this, the resulting move is usually stronger than it would have been without all the pressure cooking.
So when the pressure release valve lets go, will it be a pop to the upside or a rug pull? As much as they want us higher, as much as they're desperate to rescue us, I have a feeling that as more "googles" hit, as more companies have to fess up that inflation and input costs are killing them.. the market might just be allowed to fade off. At this moment, I think the risk is to the downside and that until 12,400 is completely taken out on the upside.. we're in the danger zone for a really strong pull down.
This earnings season is going to be tougher. Margins will be compressed. Revenues will probably be flat to down. They're running out of accounting tricks.
out of UNG & SLW, & GDX.
Silver & Gold is now a JOKE to me. Out of both
Thanks Jay--Went short at 2:30--
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