The 180 bar cycle APPEARS to have been elongated and hit with the hourly at
3pm and 192 bars
That was a bit unexpected but still made $ on the put trade bot at noon
Today they look like the rally will continue
I will be shorting the DJX at each high today
Highs should attempt the magic # dow 8000
spx could get to that magic 845 we mentioned a few days ago
I would anticipate a high at Most Likely 11am on the NEW MOON could be the HOD
As written yesterday, the BETTER trades will be to the short side until April8th
Monday, March 30th still has potential to rally, but we might end up viewing it as
wave 2 rebound rather than wave 5 failure- but it matters not for our trades
which way it ends up getting counted
Power index & propensity index Continue to show a drop LATER today into tomrrow
TECHNICAL INTERNALS ISSUED a SELL on Monday March 23rd
Adv/decl -----Vol ---- Arms 5 ------trin 5---- trin 10
1943--------6114------76.6---------383-------72.5
One of the MOST important #s above the 10day TRIN
HUGE SELL signal well under 100.0
5 day trin under 400
5 day arms way under 100.0
More later
Jay
1 comment:
You know the last 15 minute buying, it would almost look like someone big is propping up the markets just when they begin to go down.
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