Even tho its 7pm EDT and the Spoos are -1550, there is still indications of a rebound tomorrow
HOWEVER, it looks like it will be VERY SHORT LIVED.
That 84.5 Hr cycle LOW is due between 11 am and 1pm, and could stretch to 4pm
I cant imagine what rabbit they could pull out of the hat in the
AM to give us an open boost of several hundred points,
but thats what the pressure readings are telling me.
ALL of the tech data is screaming BUY, but just like bull runs, the reaction to the data can be delayed.
Arms today was 4.29 and 5 day cumulative= 200.6
5day ave = 10.03
10 day ave = 177.2
Those are BIG numbers
17th then has the best chance for a more solid reaction, but I'll keep you tuned in.
Jay
2 comments:
Hi Jay,
Thank you for your very interesting website.
After today's market decline, do you think the probability of further crash has increased near term?
Hi Jay,
Your calls are extremely good.
Can you post a link to where one can watch the spoos ?
all the best,
Rickard
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