On my chart you will notice at the last ATH 2093 we went to 1992 in 5 TD's.
The next chart shows the MFI on the bottom also in the overbought area.
Thursday, February 12, 2015
Froth
I can't say when it will happen, ( vix @15.45 today)perhaps a few more days of rally. A new high should make it happen. What will happen is an overbought condition that can reverse real fast.
On my chart you will notice at the last ATH 2093 we went to 1992 in 5 TD's.
The next chart shows the MFI on the bottom also in the overbought area.
On my chart you will notice at the last ATH 2093 we went to 1992 in 5 TD's.
The next chart shows the MFI on the bottom also in the overbought area.
Sunday, February 8, 2015
Quad
Friday I would like to believe that the quad resistance played a part in the turn down.. You will notice we were also at the 78% level.
I would get a CIT and trend change around 2045 ish.
I would get a CIT and trend change around 2045 ish.
Monday, February 2, 2015
Why stop at resistance?
First the bad new, home heating oil just went up 8 cents a gal in my area, so maybe oil is at least resting.
As far as the market I had a mechanical trend change to up. Nothing else to tell me any thing.
I sure don't like where we stopped, but if we can break higher to next resistance that would be strength..
As far as the market I had a mechanical trend change to up. Nothing else to tell me any thing.
I sure don't like where we stopped, but if we can break higher to next resistance that would be strength..
Saturday, January 31, 2015
Thursday Low
I would like to believe that Thursday was the low of this cycle.
If you see the triple top on my chart, that I should have seen at the time, then why not a tripe bottom as seen now. I also should have used my stop at 2038.
In the market there are always second chances to get it right, if you don't go broke.
Monday could drop to 1972 and rebound strongly but I think we will know right at the open. I really don't expect that plunge.
If you see the triple top on my chart, that I should have seen at the time, then why not a tripe bottom as seen now. I also should have used my stop at 2038.
In the market there are always second chances to get it right, if you don't go broke.
Monday could drop to 1972 and rebound strongly but I think we will know right at the open. I really don't expect that plunge.
Tuesday, January 27, 2015
Reverse back up? UPDATE
Unless this chart is something!
We are on a sell and trend change unless we can close above ( not sure yet) I did buy a Oex put midday $5 and sold for $10 on close. Why because I think this chart is bullish. We will see!
UPDATE Not looking good here at 2:30 PM Wed. Trend change to down and sell signal based on Spx 2030 line in sand.
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No chart, just facts as seen by my eyes.
Trend is still up.
No blow out day, but still I think we reverse back up.
Support at 2019 again held.
Did buy an OEX 890 call at $9.90 hoping for $17
EDT close? Maybe. :)
Apple and Fed could push us up.
Jerry
We are on a sell and trend change unless we can close above ( not sure yet) I did buy a Oex put midday $5 and sold for $10 on close. Why because I think this chart is bullish. We will see!
UPDATE Not looking good here at 2:30 PM Wed. Trend change to down and sell signal based on Spx 2030 line in sand.
**************************************************************************
No chart, just facts as seen by my eyes.
Trend is still up.
No blow out day, but still I think we reverse back up.
Support at 2019 again held.
Did buy an OEX 890 call at $9.90 hoping for $17
EDT close? Maybe. :)
Apple and Fed could push us up.
Jerry
Monday, January 26, 2015
Update on the 26th close
As far as today went I was out
most of day but an excellent chance to get a secong long ( call ) when we hit
SPX 2040.97. That kept me in the green zone on the chart.
Today looked like an green 4L low am, so tomorrow could be hi pm, not going to explain that.
Nothing has changed as far as direction and hope for SPX 2100 by Friday.
Do not confuse color days with my trend chart. There is a link on my blog on the right for color days.
Today looked like an green 4L low am, so tomorrow could be hi pm, not going to explain that.
Nothing has changed as far as direction and hope for SPX 2100 by Friday.
Do not confuse color days with my trend chart. There is a link on my blog on the right for color days.
Looking at the Dax vs the SPX a clear picture
where we are going! Jerry
Sunday, January 25, 2015
Blowout days
Sunday update, Still on a buy as we remain in green zone, Monday could be up big depending on Greece.
Comment on Thusday
To make it clearer
10 TD means 10 trading days.
The color green is up and red is a down trend.
So 3 red across is a strong down trend.
We are currently in an uptrend.
Ps numbers mean nothing as far as this chart.
Comment on Thusday
Thursday Jan 22nd we had a blowout day. I
consider that a day where we have a range of at least 1.80% or higher. I will
list several such days below.
I have read on other sites that a big move happens near the
end of a cycle. They maybe talking about a blowoff rally. I have yet to see one
on the samples that I looked at.
This blowout day can either be up or down but I don’t find
it a CIT in any way. I don’t think it even has Elliot Wave connections. You may
think a blowout day has a lot of meaning, but I don’t find a link in my study
with many hours of chart reviews and bar counting. I think a study of the trend
will tell you what happens next on those days and if it will reverse. In
summary blowout days are not a CIT (change in trend), not a top, or a bottom
just short covering or unwinding positions.
My 2 cents Jerry TimingShortterm
yahoo groups
To make it clearer
10 TD means 10 trading days.
The color green is up and red is a down trend.
So 3 red across is a strong down trend.
We are currently in an uptrend.
Ps numbers mean nothing as far as this chart.
Friday, January 23, 2015
Saturday, January 17, 2015
Buy SIGNAL 2002.65
Update Thursday 2:48 PM
I'm on record a take out of "2057 will make a new picture and scope"
UPDATE @ 2:28 ET Tuesday
This is a tough signal since we moved so much higher and stopped at my resistance line on lower chart 2019
I would hope for a pullback to 2005, any overlapping of 2002.65 would have to be short lived or the signal is dead. A rally could be mild .618 to Spx 2040 +/-
I'm on record a take out of "2057 will make a new picture and scope"
UPDATE @ 2:28 ET Tuesday
Buy still in effect "I would hope for a pullback to 2005," so far 2004.49. VIX wants to go lower
This is a tough signal since we moved so much higher and stopped at my resistance line on lower chart 2019
I would hope for a pullback to 2005, any overlapping of 2002.65 would have to be short lived or the signal is dead. A rally could be mild .618 to Spx 2040 +/-
Friday, January 16, 2015
Watch TLT could give a clue
On this chart of late TLT when it trends up Spx (green) trends down, and visa versa.
On this Spx chart I offer projections if resistance 2019 has failed or going to fail.
Else we move higher. Yesterday charts will help .
Jerry O
On this Spx chart I offer projections if resistance 2019 has failed or going to fail.
Else we move higher. Yesterday charts will help .
Jerry O
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