then again, a LOW today back at 1020 would tear the bulls apart, but would setup the NEXT leg UP still due to TOP OUT on the 13th at 1063. -maybe higher? Question is HOW do we get there UP-DOWN – UP of course WE got one UP so far, looking for A DOWN Today Jay
Good Morning Red. Very good post! Love that cartoon too. Where do you find these all great pics? š I like your plan sounds very logical. I just came from reading Bill Cara's Commentary & Community Chat write up. Looks like the both of you can see through this latest rally.
“You know, the Interventionists can only push on a string so much before it snaps. Iām biding my time watching for the break.”
I was off by a day too, as I expected a flat to down day on Monday and then up Tuesday and Wednesday. Now, I'm expecting a flat to slightly up day tomorrow (to conclude the 2 day rally), and then Wednesday should start the selling.
Looks like we are both a little off on the exact date, but as long as we still catch the wave down we should be ok.
I do see a slight up move after we hit 998-1000, so that could be the October 13th top you see? And, I see more downside until the 16th. So, we seem to be in agreement there.
It seems you work is more focused on timing, and mine is more on finding major support/resistance points. Your timing seems correct, but I'm not seeing 1063 on the 13th.
I was off by a day too, as I expected a flat to down day on Monday and then up Tuesday and Wednesday. Now, I'm expecting a flat to slightly up day tomorrow (to conclude the 2 day rally), and then Wednesday should start the selling.
Looks like we are both a little off on the exact date, but as long as we still catch the wave down we should be ok.
I do see a slight up move after we hit 998-1000, so that could be the October 13th top you see? And, I see more downside until the 16th. So, we seem to be in agreement there.
It seems you work is more focused on timing, and mine is more on finding major support/resistance points. Your timing seems correct, but I'm not seeing 1063 on the 13th.
Hi REd, Prior to the October debacle we still have the potential for a 3 wave ABC rebound off what should be a LOW at the 1015 to 1010 area as you mentioned also. That 3 wave rally should carry to OCT 13th at 2;32 pm when it should duplicate the SPT 32rd drop off, and this time it will be NASTY for BULLS and set up emergency actions again by the FED and treasury Jay
then again, a LOW today back at 1020 would tear the bulls apart, but would setup the NEXT leg UP still due to TOP OUT on the 13th at 1063. -maybe higher?
Question is HOW do we get there
UP-DOWN – UP of course
WE got one UP so far, looking for A DOWN Today
Jay
does look like a short from 1050 this MORNING after open.
BUT the down move might not last all day??
Some indication the day ends on the bull side
Jay
Good Morning Red. Very good post! Love that cartoon too. Where do you find these all great pics? š I like your plan sounds very logical. I just came from reading Bill Cara's Commentary & Community Chat write up. Looks like the both of you can see through this latest rally.
“You know, the Interventionists can only push on a string so much before it snaps. Iām biding my time watching for the break.”
http://tinyurl.com/yc7szht
See you on ES my friend.
Jay,
I was off by a day too, as I expected a flat to down day on Monday and then up Tuesday and Wednesday. Now, I'm expecting a flat to slightly up day tomorrow (to conclude the 2 day rally), and then Wednesday should start the selling.
Looks like we are both a little off on the exact date, but as long as we still catch the wave down we should be ok.
I do see a slight up move after we hit 998-1000, so that could be the October 13th top you see? And, I see more downside until the 16th. So, we seem to be in agreement there.
It seems you work is more focused on timing, and mine is more on finding major support/resistance points. Your timing seems correct, but I'm not seeing 1063 on the 13th.
Red
Great blog…been following off of Cobras since you posted your web address a few weeks ago…..Great work and will contniue to read daily with Cobras.
BULLS get SLAMMED tomrrow
Jay
I was OFF by a day
Jay,
I was off by a day too, as I expected a flat to down day on Monday and then up Tuesday and Wednesday. Now, I'm expecting a flat to slightly up day tomorrow (to conclude the 2 day rally), and then Wednesday should start the selling.
Looks like we are both a little off on the exact date, but as long as we still catch the wave down we should be ok.
I do see a slight up move after we hit 998-1000, so that could be the October 13th top you see? And, I see more downside until the 16th. So, we seem to be in agreement there.
It seems you work is more focused on timing, and mine is more on finding major support/resistance points. Your timing seems correct, but I'm not seeing 1063 on the 13th.
Red
BULLS get SLAMMED tomrrow
Jay
I was OFF by a day
It doesnt look like we will get that 5th wave we both anticipated for today and or tomrrow
ITS possible we are going to make an EXTENDED wave [ii] off a wave [i] low of last Friday
IF that is SO, we wont see 1010 this week, and will hold at 1020 which might get retraced tomrrow;
3:15 is an astro event today which might top it out today.
IF by some chance they do drop to 1010 tomrrow, MY oct13th TOP should make it to 1063
Jay
Hi REd,
Prior to the October debacle we still have the potential for a 3 wave ABC rebound off what should be a LOW at the 1015 to 1010 area as you mentioned also.
That 3 wave rally should carry to OCT 13th at 2;32 pm when it should duplicate the SPT 32rd drop off, and this time it will be NASTY for BULLS and set up emergency actions again by the FED and treasury
Jay