Got the
open high made it to 10:50am
11am hourly TURN DOWN RIGHT ON SCHEDULE
Now its 12;30 and they are DIVING
now only up 20pts
The NEXT important time slot
is as reported 258bars @ 2pm
NOTE :: NOT OFTEN AT ALL , BUT
SOMETIMES the 258 bar cycle starts the NEXT cycle LOWER
Now the KEY here is the 258 bars
ENDS one cycle and USUALLY allows the mkt
to rebound from there as it did until 2;30
So we have to be VERY aware of what level
we get to at 2pm
Also NOTE that GOLD BOTTOMEd at 10;45 exactly
at the Dow high
and is now moving back up in lock step
inverse to stocks
More Later
Jay
OK its NOW MORE later time
ITS NOW 3;40pm and they appear to be recovering from the
3:00 to 3:15 pm LOW
off now only 37pts
The 258 bar cycle on occasion ALSO extends 12 bars
or one hour beyond its normal ending such as today
POWER INDEX for tomorrow peaks MID DAY at the 600 level
keep in mind those levels start at 250 and get as high as 800
so 600 is quite a bit up there
NoW no more {G}
Jay
1 comment:
Jay,
thanks very much for the intraday updates - greatly appreciated....
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