Jaywiz, The Cramer code had Sept 4 as the possible end of a 1929type decline if I cracked the code. (June 18 to Sept 4)…but this is an interpretation. There is also the 7month low cycle that has slipped my mind recently. 07-08-09 and 02-05-10 which projects to early Sept. George Lindsay had postulated a low low high cycle but I believe it will be more likely a low based on some unmentioned factors. We are also entering a period of interesting numerologiclal trading day numbers. Yesterday was 365 trading days, today 366,tomorrow 367 (67 has been an active trading day cycle) and of course Monday is 369 trading days from 3-6-9 low. I expect Monday to be a nasty day. 666calendar days + 13 days=August 20. August 20 is also 60 calendar days from the summer solstice high and 60degrees from it.
Sorry for the late update gang, I had some things I had to do. I just added a video update, as it's easier to say it, then type it. Just refresh the page to see it.
Very nice trading day again. Selling at resistance has worked quite well. Bought some shorts and looking for some bad numbers tomorrow. Max pain at 110 but some interest at 1050 for OPEX. Bulls look extremely week last two closes. Thanks Red for your insights.
I thought is was Friday when it came out. Well, that would be a good reason to sell off. Thanks for the update.
the philly fed numbers come out at 10 AM EST tomorrow
Jaywiz, The Cramer code had Sept 4 as the possible end of a 1929type decline if I cracked the code. (June 18 to Sept 4)…but this is an interpretation. There is also the 7month low cycle that has slipped my mind recently. 07-08-09 and 02-05-10 which projects to early Sept. George Lindsay had postulated a low low high cycle but I believe it will be more likely a low based on some unmentioned factors. We are also entering a period of interesting numerologiclal trading day numbers. Yesterday was 365 trading days, today 366,tomorrow 367 (67 has been an active trading day cycle) and of course Monday is 369 trading days from 3-6-9 low. I expect Monday to be a nasty day. 666calendar days + 13 days=August 20. August 20 is also 60 calendar days from the summer solstice high and 60degrees from it.
Thanks Red, great work as always! Best regards,
Sorry for the late update gang, I had some things I had to do. I just added a video update, as it's easier to say it, then type it. Just refresh the page to see it.
Dow Jones analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010…
Nice selling in AH. Would love to see a major selloff into the weekend. Bears are hungry…………
I went short yesterday and covered this morning went long and covered again. So making some dough.
Very nice trading day again. Selling at resistance has worked quite well. Bought some shorts and looking for some bad numbers tomorrow. Max pain at 110 but some interest at 1050 for OPEX. Bulls look extremely week last two closes. Thanks Red for your insights.
Got to admit i nibbled at today's highs. looking rather smart at the momenet