RIGHT NOW ITS 2;45pm
AND
My daily Activity index is starting to show some LIFE
You must remember that 3pm is one of the most common HOURLY turns
it was moving DOWN & up between 1oo & 166 all day till now
IT just moved UP to the 200 level which should be seen in stock price increases
within 30 to 60 minutes
If the close today is higher then the OPEN tomrrow will be lower
IF the close today is LOWER, then they should still open lower
MY game plan is to prepare to get short on the rally tomrrow
could be as early as 11am
or as late as 3pm
but I see 1pm as most the likely place
It really wont matter, if I miss the high by a few dollars, but its ALWAYS
nice to catch the highest and lowest values occasionally when trading
thats why I do whats called scale trading or buy options at various levels
More later
Jay
OK NOW ITS LATER
OK< IT JUST TOOK A BIG JUMP TO 266 at 2;55
add 30 minutes and the close should be higher
Incredible
the activity index at 3:10 pm just took a DIVE after reaching 266
its NOW at 133
thats a 50% LOSS in one quick kick
SO< NOw we go back to watching the 180 bar cycle close out the day on tis lows
REMEMBER - this is JUST the beginning of this downturn
Jay
3 comments:
I'm looking at a 60 minute chart of the spyders, and there looks to be an unfilled island reversal, to the downside.
1st gap up on 3/23 (open), and the second gap down on 3/30 (today, also on the open).
Don't know much about island reversals, but this gap today really needs to be filled, or the market may be set to deliver on the downside.
1st week of May looks like it could be very important. TWT
Cal
"1st week of May looks like it could be very important. TWT Cal."
So is christmas week. lol. Will you elaborate....just a little teeny weeny bit or do I have to use my telepathic abilities?
alvin
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