We have already had the 800 pt loss or more that I wrote about earlier this week - WOW what a call !!
if I dont say so myself
Have not been able to post much this week , dealing with a loss in the family
BUT now what?
As the heading says, Bradley today should mark a short term low, with the 12th next and that should be a high
Futures indicate a higher open regardless of the jobs report, but Thats STILL an hour away from this writing
Power index pointed toward the decline this week, thus my ealier posting for 800 pts loss
Today it shows a higher open and subsequent collapse
Activity index was at 4.3 earlier this AM, but has since dropped to 1.3 at 7am - not sure how that will play out once the mtk opens
CYCLES
Bradley low
4.08 day cycle at 11am
156 bar cycle at 11am
38% segment of 13 day at 11:30
FTSE today made a midday low = to 1pm today in the USA
Charts edge has today languishing
Any low today should be met with a moderate rebound next week into the 12th, and Im still expecting the 13th to 19th to meet that 22/44 wk LOW that Jerry R has written about
17th HAS
55 - 89 - 110- 144- 233 & 280 tr days convergence
last convergence on 4th was a high, thus this one should be a low
the reading for the 19th, most imnportant, and Ive brot this to your attention in the past.
DO NOT FOLLOW THE CROWD
In other words, do not get suked in by NEGATIVE talk and sentiment
GO THE OTHER WAY- mkt intentions are WELL HIDDEN
Jay
2 comments:
Family loss is never easy to deal with. Wishes & Prayers.
Keep up the good work you are doing.
Sorry to hear about your family loss. My thoughts are with you.
Thanks for all your help
Alvin
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