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#1 jdjimenez

jdjimenez

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Posted 25 January 2012 - 09:48 AM

1/25/12 2 days ago I wrote this 1/23/12 1:15EST ESH12: The small big Picture down to 1268.75 And 1277.75 is the key support pivotal (short term 3 months) in fact this pivotal is the Achilles tendon for the ES It MUST reach 1297.25 in order to REDUCE the current bullish momentum and close at or below 1302.75 (today) In fact it must trade below the OAV at 1292.25 to become bearish I’m still biased for a significant pullback (1253ish) from current levels Although not reaching 1297.25 (today/tomorrow) requires further review regarding this bias I’m expecting an immediate move down to 1292ish (ES) and 1295.99(SPX) NOW: 7:59EST ESH12: 2 days have passed and we’ve not yet reached 1297.25 nor have we had a daily close at or below 1302.75; going one step further; the NDX has traded above the 7/26/11 high at 2438.44 (on 1/19 it closed at 2441.70) thereby supporting (2 legs) the ES/SPX rally from the 11/25/11 lows. Therefore the above bearish bias is under review Bias review: (ES/SPX) Generally (Murphy’s Law) the moment the directional bias is revised the market almost always throws you a curve ball, meaning down to 1297.25 (ES); none the less this particular revision is complicated (not black and white) and requires the maximum flexibility in light of the previous price structure (7/22/11 – ES) and three different levels on the SPY None the less Today the ES MUST continuously trade below 1305.50 otherwise it trades above 1318.25 As mentioned beforehand I had 1321.50 (1326.56 SPX) as the termination level for the rally up from 1062.50 The exact clarification is as such ES: from 1321.50 up to 1329.00; although a daily close clearly above 1321.25 means we’re in the early stages of a major break-out (trading above the 5/2/11 high; when discussing major moves we do so only on the SPX, SPY, DJ-30; due to the exactness; the ES (do to the contract rollovers) is not as exact; none the less a break out means up to 1428.69 (SPX) and quite possibly 1510.55 to1611.42 as such a confirmation for such a move is currently at the 1355ish level Numerous times in November and December I wrote this Until 2/24/12; there will not be ANY valid resolution regarding the directional trend for 2012 until early 1213; due to the fact we have a MASTER time cycle turn on 2/24/12 IMO has not changed; meaning we will not take out 1370.58 (SPX) before 2/24/12 and only after this Mega major turn will the true face of the market be revealed But in the meantime Today the ES MUST continuously trade below 1305.50 (rough bottom minimum) in fact below 1304.75 (the OAV for the 2 circle patterns) otherwise we change the immediate term and now term bias to bullish meaning immediately up to 1331.25/50 although more likely from 1338.50 up to 1356.50 BTW: I haven’t forgotten your requests; I’ll put them out later today Roger, MSS, OEXCHAOS or any board controller, Could you please check into our friends account and see what the issues are with posting? Thank you, JDJ In addition I’ll be updating APPL on the cash open