It does looke like 258 bars close out yesterday THUS the Futures are
showing a rally at open to the tune of maybe 50 dow pts, Maybe not even
GUESS WHAT
Im going to ADD more PUTS and SELL the OPEN RALLY
Todays bar cycles
30B @ noon
60b @ 2;30
Hourly
9:45
11am
1pm
3pm
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Tomrrow MORNING is more important
90b @ 10:30
23.6/13day @ 11am
moon 180 pluto @ 11:17
Hourly = same as above and every day with minor variations
APD report worse than expected
futures have been dropping since early this am when it was considerably higher
Yesterday's late HIGH was EXACTLY at 3pm
258 bars at close dragged it down at close
adding 1 hr & 5 minutes = 9:35 this am
Not much time to act, but it will do
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What am I going to do about the pending rally after 11am on 5th and continuation on 6th?
Thats a good question?
Not sure - i dont expect too much of a rally maybe 200 to 300 pts at most.
but there is ONE Thing I am sure of
I WILL BE SHORT at the CLOSE on Friday
More Later
Jay
2 comments:
Hi Jay:
The low was made around 4:48 PM NYT yesterday.
Ravi
jay,
do you think we get a 1PM high and then down for the rest of the day?
jeff
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