Tuesday, June 07, 2011

Market Timing-Whats Next -Jaywiz -June Projection- update

Published June 7th at noon

Jay
at

2 comments:

  1. Jay Strauss2:14 PM

    11;30 DID BRING IN A PIVOT

    Now Im watching for 3pm, and or 1301 to possibly get short

    Once 1286 get broken, the next level should be 1275
    and WEd has potential to get there.
    Jay

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  2. Jay Strauss3:02 PM

    SOme people have projections of this upleg to as high as 1311.

    thats the level of WAVE 1 on May 25th, and the spx could attempt to fail near that as anything over would be violating Elliott rules.

    however, at a lower degree, we can use 1345 on May31 to 1285 yestday

    was 60 pts
    60x 50%= 30 + 1285 = 1315
    60 x 38% = 23 + 1285 = 1308
    38% more typically is found retracing in a down trend such as this till June24th

    BB speaks starting at 3pm- might give them a goose to get over 1300

    from 1285
    abc to 1295 [a]
    x to 1291 [b]
    abc to 1300-1308 [c]

    that looks like wv [iv] of 3
    wv [v] of 3 to 10th and or 13th

    wv 4 to 20th
    wv 5 to 24th

    same as is shown on the monthly graph without labels


    if wave 5 = wave 1 of 58 pts
    then we might think about 1308 - 58 pts = 1250

    we got to 1250 another way the other day, so we have 2 math methods seem to target that level

    Jay

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