HI Red, Clear thinking for sure Just thinking also IT is possible, but impossible to confirm at this point in time, but the current high might ONLY BE wave A of P2, thus we get such a tremendous “B” wave downdraft the next 2weeks. Jay
I like to do my posts a little different then most do. I add a lot of emotional thinking with technicals to back it up. I don't post many charts, (as you can see), but instead try to put a “feel” on the market.
As we all know, the tech's haven't been real accurate since about March. Clear manipulation has thrown all TA's, Astrology, Elliottwave, etc… out of whack! Sometimes you have to go with your gut feeling.
Me too… I remember when everyone was talking about the “head and shoulders” that formed and broke the support line at 870 in early June. It was suppose too keep falling, but instead rallied up to now with 1080 as the high.
It was talked about everywhere, much like the 1100 area is today. Will it also fail like the head and shoulders did? I guess we'll see next week.
Thanks for stopping by jigsaw. I plan on getting more short on Monday or Tuesday of next week, (as I posted in my weekend update). It won't be too much longer my friend.
Red, I'm still with ya. If we rally above 1080 I'd like to see a reverse by the close or following day. If we reach 1100+ and close above it we could be starting another large run. I think its unlikely though. Everyone is calling for 1120, but this could violate the 88/89 week SMA resistance, especially if we close cleanly above it. Still find it a little odd that we're making 52-week highs in October.. feels like we're trading opposite to tradition.
HI Red,
Clear thinking for sure
Just thinking also
IT is possible, but impossible to confirm at this point in time, but the current high might ONLY BE wave A of P2, thus we get such a tremendous “B” wave downdraft the next 2weeks.
Jay
Thanks nbg…
I like to do my posts a little different then most do. I add a lot of emotional thinking with technicals to back it up. I don't post many charts, (as you can see), but instead try to put a “feel” on the market.
As we all know, the tech's haven't been real accurate since about March. Clear manipulation has thrown all TA's, Astrology, Elliottwave, etc… out of whack! Sometimes you have to go with your gut feeling.
Red
Digging your post red, digging your posts!!
On sideline – waiting………
http://www.youtube.com/watch?v=X5GEU5F_WdA
http://mahendraprophecy.com/LatestFlash.asp?Pye…
http://www.youtube.com/watch?v=X5GEU5F_WdA
http://mahendraprophecy.com/LatestFlash.asp?Pye…
“feels like we're trading opposite to tradition.”
Yeah,
Me too… I remember when everyone was talking about the “head and shoulders” that formed and broke the support line at 870 in early June. It was suppose too keep falling, but instead rallied up to now with 1080 as the high.
It was talked about everywhere, much like the 1100 area is today. Will it also fail like the head and shoulders did? I guess we'll see next week.
Red
I going shorter on Monday or Tuesday Jay, as the Top is so close now I can smell it.
I'm still short gann and will get more on Monday or Tuesday (per my weekend update).
Thanks for stopping by jigsaw. I plan on getting more short on Monday or Tuesday of next week, (as I posted in my weekend update). It won't be too much longer my friend.
Red, I'm still with ya. If we rally above 1080 I'd like to see a reverse by the close or following day. If we reach 1100+ and close above it we could be starting another large run. I think its unlikely though. Everyone is calling for 1120, but this could violate the 88/89 week SMA resistance, especially if we close cleanly above it. Still find it a little odd that we're making 52-week highs in October.. feels like we're trading opposite to tradition.