Wednesday, August 03, 2011

Market Timing-Whats Next -August 3rd- 200 day broken

August 3rd @ 8:45am

VPN members already knew the mkt would OPEN higher today, and THUS were able to
close out shorts yesterday at CLOSE- NOW getting ready to SHORT again

Today
MONEY FLOWS in AND OUT
BEST in AM
Worst in Mid afternoon - URGE TO CUT & RUN

204Bar @ 2:30
Neg energy at 2:53pm
THE LOD should occur within this time frame


More Later
Jay

AMAZING WHAT CNBC can make of a positive trading day
and call it a turn around
Heres a chart FROM DANERIC- is SPEAKS FOR ITSELF

TOMORROW HAS FOUR LONG TERM & 1 short term CYCLE SELL OFF CONVERGENCES




FROM DANERIC"S BLOG- HIS link is on the main page
 HERES SOME MATH TO PONDER
LAST YEARS APR to JULy coorection from 1220 to 1010 was 210 pts

1370 - 210 = YIKES 1160
BUT along the way
210X 78% = 164
1370-164- YUP 1206


MORE LATER
Jay
at

2 comments:

  1. Jay Strauss10:27 AM

    ISM NUMBERS
    what a JOKE mkt playing chicken with spx @1250

    SPX held 1250 and bounced to 1257

    Thats ALL they wrote folks
    TAKING THE GAS PIPE NOW at 10:30

    13 day pivot at 11;30,
    last pivot was on JULY15th and the NEXT DAY plunged TO A PIVOT LOW at 1296 at NOON

    WE may see something very similar this week

    1235 is next and if that fails then 1206 could get hit today:
    IF NOT TODAY, then TOMORROW by NOOn would be my next best guess.


    Jay

    ReplyDelete
  2. Jay Strauss2:41 PM

    ARMS INDEX TODAY AT 2:30pm is only 1.76
    YESTERDAY was at 3.00 most of teh day and closed out at 4.4

    WE NEED ANOTHER 4.0 or better before a pivot can occur

    Jay

    ReplyDelete