Wednesday, March 7, 2012

Blue vs Blue days


Blue days suck.
This is an updated chart and you can look at the older ones below. If we go under the green and red lines we can drop 40 to 90 points fast.

This started on a blue day and I will stick with the theme looking for a blue day bottom.

For the 8th however we will be looking for a rebound to SHORT!

This will be a hard short because I think the 8th will be firmer that people think. I look for AM high 11:15
approx. and that could be higher than 1359 (spx) with the afternoon firm.
I will post my AGET chart next.

Here I show a wave 3, hoping for wave 4 at 1300 spx creating a death to bull double bottom.
What I mean is that line could offer much less upside to next rally.

The Blue lines show where symmetry can be right on at times with blue days. The high on the 29th was a blue day and I will work from there.I have listed other blue days below. Looking for an AM spike low in the future at 9:55 AM

Jerry O

click chart to expand- color days link on this site ( right)

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