Sells every where.

Tuesday 21st – Wednesday-22nd critical

Tuesday 21^st – Wednesday-22^nd  critical 

Tuesday we have Apple and Verizon earnings to mention a few power houses.

Monday closed at the most Overbought level since Dec 30^th when we dropped 100 spx points in 6 TD.

Or back in Oct 27^th where we went up 150 Spx points in 30 TD.

SO Overbought doesn’t mean we will drop!!!!!!!!!!

My best guess is we will drop by Thursday this week at the latest.

Jerry

Exuberance

Exuberance

Thursday close 16^th, very close to new highs as suggested. The OEX did hit a new ATH today. That makes me think we are getting O.B. rarely does the OEX lead the SPX.

More highs Friday is a good place to nibble short, but early next week maybe better.

Murphy Math people say a frame has shifted, I think a phase has also shifted in the counts. Lows ran later and highs look to be running later.

With that in mind I will place the next low on Aug  5^th -2 TD.

Jerry 

More highs coming up date 15th close

PIM by Jerry to Group, names will be hidden ,but my thoughts are real.





Thank you xxxx and xx.

Looks like I was a little early and should have held for the 15^th that I had posted on my blog. Of course profit is profit.

So here we are the 15-16^th time frame and a xx day to boot.

My problem is xx said today could be a High or low and of course it maybe both.

I just don’t see us OB here so we may or SHOULD have a Higher high.

I don’t think we are there yet. I,  right at 5:50PM ET think we go higher probably into next week. When I say higher I mean sharply higher to ATH.

Look at INTC after market, so tech’s are hot.

xxxxx sent out some dates I want to study..

Good trading.

Jerry

Flat for now IRAN next.

Sold my calls today Monday rally. IRAN maybe the news Tuesday.
Iran aside I look for a little more rally Tuesday before we pull back to say 2080-88. The math says Monday is a EDT -D and the chart does offer  some what of ending digital triangle look.
Charts offer more upside and the high could be the 16th new moon.
I have been using the 15th-16th as a best guess for last gasp high.
Working on where next low could be, next purchase will be puts.

Staying long!

Quote of the week- “Sometimes, when it’s too obvious, it’s obviously wrong.”

I like that and have stayed long looking for 2100 Spx some time this week 15^th or 16^th

would suit me. I had this week picked out weeks ago as a high but let us see what it takes to get over bought. This is opex expiry week and a good place for a high.

Next after this week we will be looking out for the start of a decline and I think they could be much faster than we are used too.

Jon Murphy had a letter out this week with his Elliot Wave count, basically looking for a wave 4 pull back and then wave 5 higher.

My Advance GeT has us in a finished wave 5 and now in ABC corrections.

This is important: We are at the 125 sma line. I don’t think it will be resistance but if it is, back on Oct 15^th 2014 we dropped 6.56%  and if we do it again then the target would be Spx 1950.

If 2040 falls then I had 1970-80 so 1950  would be in range. I don’t expect that to happen yet.

Jerry      Timingshortterm @ yahoo groups

Not investment advice……………………………………………………………………..!

Mother of a short Sqeeze starts July 9th

I said yesterday if we had an inside day we will rally.
Sure enough we had  the inside day, out of many things the market could have done! That is the Wall Street code to rally.
It's all fixed, to screw the little guy, but the little guy can play too. To be clear I'm not saying every inside day is a buy only the special ones
I look for the mother of a short Squeeze to start Thursday and go until the 15th or 16th of next week.
Not trading advise. Do you own work and figure it out.
Jerry
Fun and games on the internet.     :)

Weird Day

I was hopping to see Spx 2098.63 by Wed but we may need to wait till next week.
Maybe I should be bearish but I'm not.
Why, well why aren't we down big time It looks like a market not ready to go down.
Sure future's are down big time again tonight @ 12:30 pm ET. China crashing and Asia weak.
My problem is on the 6-30 double bottom low we had  heavy volume. Today point for point we had light volume moving us up from the low.
We are in a C wave, but where can you find a C wave that was also an outside day reversal?
Where is a C wave confirmed by 5 waves down.
Conclusion if Wed is flat and an inside day that will be bullish, or else we crash since this C can be a crash wave.
I remain long but with little confidence.

Staying Long for now.

Saturday Night July  4th. Watched a lot of local fireworks.

Many looked for mkt to tank on the Greek outlook before the long holiday.

The Spx had plenty of chance to fail Thursday but put in a somewhat flat day.

Even Friday July 3^rd the Ftse and Dax didn’t fall apart.

I don’t think the market will have a negative reaction to Greece again, no matter how it goes this weekend.

The Spx market looks bullish to me but if we can’t take out Spx 2098.63 by the 7^th or 8^th of July then we may have to re-evaluate. These are not the dates I have a strong hit on but lets see what happens by then.

So far everything I have is on a buy.

Jerry         timingshortterm yahoo groups   not for training

End of Month rally coming.

Monday Close

Adx –DI at level seen only near 10-15-14,5-18-12,8-8-11 major lows.

First blow out day I have had in 71 TD.

EDT possible calling for low tomorrow.

My parabolic indicator calls for low tomorrow.

So I had the 29^th-30^th picked for a low. EOM window dressing coming.

Depending how low Tuesday is will tell the story. The –DI could go higher (bearish) and the MFI (money flow has room to go down,bearish)

No new low up we go, if a new low it will be tested in days if market is as weak as it appears.

My call- Of course we will open strong Tuesday but will it hold? I think not with more of a chance to buy Tuesday.

This may not be about Greece, but China and Porto Rica. 

Jerry