21 replies to this topic

[blustar]

Looks like it is wedging at the end of the day to near 1794-95 and that looks to be the point now as wave 5 will = wave 3 in price, that is 46 pts, target SPX 1738/39 (could be a crash early in the day Wed too as Wave 5 may = wave 1 in time). I gave a target to my subs for wave 4 of 1794.94 and that looks likely at the end of the day in what likes a rising wedge pattern wave 4. This is now telling me have a high probability 46 pts down near the open Wed as time has run out for wave 5 = wave 3 in time. The SPX 1738/39 area should hold any drop on Wed and will be a ST buy in my work for higher prices, rather new highs into Feb, especially from Jan 29 to Feb 6, where the MOM top should occur, then we have 3 more failing MOM tops into around OPEX either the 20th or 21st.

[SemiBizz]

This market looks like a candidate for

Sudden Death

[SemiBizz]

Something about bankers in London, I guess...

[trending_trader]

not just bankers

Tata Exec dies

Something about bankers in London, I guess...

[blustar]

The new chart shows the panic momentum low early in the day on Wed. We could be down about 46 pts initially, and then go lower gradually (9/10 more points) into an irregular low just before the FED announcement; to be clearer: maybe down about 46 pts on the opening 5th wave (finishing wave 5) to near 1748/49 and then gradually lower (irregular bottom) until we hit the 1739 area just before the FED announcement. They should like what the FED says so I will be already locked and loaded to the long side before the announcement.

Other reports coming out on Thurs and Friday could also be fuel for the expected rally to new highs by Feb 6.

The market has run out of time and is showing me its hand now. This is much like weather forecasting, the closer you get, the easier it is to forecast. VST (very short term) trading is a beast, that is why I don't do it much.

Yesterday, I tagged 1794.94 as the expected Wave 4 terminus. The market had me guessing, but now we should close near that number today.

New Chart

[Mr Dev]

Oops i should of checked your new chart first ..but i will just after this ..

i think our work is diverging slightly here, as i see the FEDs not helping this market on announcement day as they have in the recent past..but
more like ..in the further past...and Thursday still seeing a likely lower low than Wednesday and the low for the week before a POP on Friday.

unfortunately i'll have to wait until the Feds show their Manipulative Hand for February to comment specifically to which days next week..
could have the key reversal lower (? Monday ?) or not.

keep the info flowin

The new chart shows the panic momentum low early in the day on Wed. We could be down about 46 pts initially, and then go lower gradually (9/10 more points) into an irregular low just before the FED announcement; to be clearer: maybe down about 46 pts on the opening 5th wave (finishing wave 5) to near 1748/49 and then gradually lower (irregular bottom) until we hit the 1739 area just before the FED announcement. They should like what the FED says so I will be already locked and loaded to the long side before the announcement.

Other reports coming out on Thurs and Friday could also be fuel for the expected rally to new highs by Feb 6.

The market has run out of time and is showing me its hand now. This is much like weather forecasting, the closer you get, the easier it is to forecast. VST (very short term) trading is a beast, that is why I don't do it much.

Yesterday, I tagged 1794.94 as the expected Wave 4 terminus. The market had me guessing, but now we should close near that number today.

New Chart

OK just looked at the adjustment and agree with the Flatter 4 .. just not seeing the drop taking place only Wednesday but likely straight into Thursdays close,
with a possible chance of FRIDAYS open.

Edited by Mr Dev, 28 January 2014 - 03:25 PM.

[diogenes227]

This market looks like a candidate for

Sudden Death

Either these guys can see something coming we don't see, or Jamie Dimon, having gotten his hefty raise for being a completely incompetent banker, is disposing of the potentially damaging witnesses.

[SemiBizz]

Good thing it didn't happen in San Francisco. They are on an income equality kick. Enough rich bankers jump off those buildings. They are going to find a way to tax it.

[blustar]

The SPX never touched the top point of the wedge, nor did it get above what looked like an irregular top earlier today on the 5 min chart. It needed to get up into the 1794/95 zone to complete the wedge and the perceived e-wave formation, IMO, so with that being said, being short at SPX 1792/93 looks to pay off in spades hands down as we traverse into Wed. It is entirely possible that the top could come on [very] early Wed as I mentioned yesterday and then fall hard in waterfall action and then form an irregular bottom and that could be the case, but it would move the last low out a bit to just past the FED announcement.

New Chart Updated Day's Close

[blustar]

Oops i should of checked your new chart first ..but i will just after this ..

i think our work is diverging slightly here, as i see the FEDs not helping this market on announcement day as they have in the recent past..but
more like ..in the further past...and Thursday still seeing a likely lower low than Wednesday and the low for the week before a POP on Friday.

unfortunately i'll have to wait until the Feds show their Manipulative Hand for February to comment specifically to which days next week..
could have the key reversal lower (? Monday ?) or not.

keep the info flowin

The new chart shows the panic momentum low early in the day on Wed. We could be down about 46 pts initially, and then go lower gradually (9/10 more points) into an irregular low just before the FED announcement; to be clearer: maybe down about 46 pts on the opening 5th wave (finishing wave 5) to near 1748/49 and then gradually lower (irregular bottom) until we hit the 1739 area just before the FED announcement. They should like what the FED says so I will be already locked and loaded to the long side before the announcement.

Other reports coming out on Thurs and Friday could also be fuel for the expected rally to new highs by Feb 6.

The market has run out of time and is showing me its hand now. This is much like weather forecasting, the closer you get, the easier it is to forecast. VST (very short term) trading is a beast, that is why I don't do it much.

Yesterday, I tagged 1794.94 as the expected Wave 4 terminus. The market had me guessing, but now we should close near that number today.

New Chart

OK just looked at the adjustment and agree with the Flatter 4 .. just not seeing the drop taking place only Wednesday but likely straight into Thursdays close,
with a possible chance of FRIDAYS open.

Too many things lining up for me tomorrow including cycles for it not to be the low.