PD results seem mixed for EOD, so MY game plan is to scale in shorts starting at 2pm this afternoon, provided they have bounced off that cycle convergence at 12:30
Futures at 3am were Up about 8.00 spx pts, but fell off at 7am following Europe
at 8:30, the are following the EURO which is NOW in the GREEN.
That teaches me a lesson especially in fast mkts- should have close out those calls at 4pm yesterday
Between those support & resist LINES is 1160 to 1093 which would indicate potential to hit the middle, where it closed yestday @ 1129
YES, they COULD GET AS HIGH AS 1161 - 23 =1138, and its possible they might even make it back to 78% at 1155, but the WAVE principle indicates the NEXT BIG MOVE IS DOWN as indicated.
68 pts / 2 = 34 + 1093 = 1127-- ANY HIGHER SHOULD BE CONSIDERED A GIFT from heaven, and IMV, a shorting opp
A TRUSTED ELLIOTT GURU has indicated WAVE 3 will stop at MY PREVIOUSLY PROJECTED DATE of OCTOBER 10th.
FIRST STOP as indicated
SPT 22-23 = wave 1 & 2 of {3}
Spt 28 at 10;30 to noon = 3 of {3}
Oct 3rd = wve 4 pf {3}
Oct 10-11 = Wv 5 of {3}
IF wave 1 was at 1101
and wave 2 @ 1230
then wave 3 could be 1.618X wave 1 of 270 pts = 436 pts-- OUCH
some real TOUGH BEAR DAYS AHEAD
TAKE FULL ADVANTAGE OF THIS WAVE STRUCTURE - IT DOESNT COME AROUND VERY OFTEN
I have been WARNING at the BLOG and its right here NOW
Jay
No comments:
Post a Comment