Heres a chart of 1937 to 1942 thats being looked at by some groups
Not advocating this chart, but its as good as anything else we can imagine
And it fits a 2011 - 2012 ultimate low = Kondratief wave
Also - if its accurate to today, then it also depicts my projection for a
sharp drop from May 18th to June18th as per the 60 year cycle from 1949
Don't live by this, but do keep a copy handy as time progresses.
More Later
Jay
4 comments:
Jay,
You may have already posted, but what do your indicators call for today? I thought you are calling for a rally all day and strong close, but are we looking at late day sell off instead?
Greg
Dear Members,
One should remain very alert as we have see major creak in commodities so please don't hold signal contract in metals, oil, soft and grains. We see more than 10% fall in the five trading days. Sell gold at $895, silver at $12.70, copper $218 and Platinum $1216. Sell metal stocks. Soon goldd will move down to $832 and silver $10.80, copper $163.80.
Stock market will come down around 5% so wait for the opportunity of buying. Just watch very closely alternative energy stocks as great opportunity of buying is coming in the next two weeks.
Dollar looks very attractive at this stage, sell Australian dollar, Canadian dollar, Pound and Swiss franc. Next week dollar should move up new high.
Thanks & God Bless
Mahendra Sharma
www.mahendraprophecy.com
thanks Mahendra
Your comments are very welcome
Jay
as for today its really tricky
activity index so far today is languishing at the 100 to 200 level as has come down from 300 earlier today.
MY power index shows a mid day high and potential small sell off at close
Also it shows a sell off Monday
NOTHING BIG tho, just a small retreat
then mid week looks higher.
charts edged BP shows slow rise all day today ???
We have already hit a mid day high at noon, and if 3pm hits another high, then i will be tempted to sell the mkt.
its NOW 1pm and the SPX is challenging the 870 area
OBV is on the rise along with the
minor rise- Watch it on the 2day, 1 min and 2 day 5 min charts
5 day/ 5min also on the rise
they could make it to 3pm??
Regardless of today and Monday, the UPTREND is still intact and should TOP OUT on the 28th and or 29th.
FED days to boot
More later
Jay
Looks like they WILl go OUT on
the HIGH of the day at close
I will be shorting the close.
Monday should open weak and continue to trade lower till Tuesday am which then becomes a buy for a high mid day on 22nd and then again on the 24th
Cant say for sure right now which will offer the BEST shorting opp, but from Arpil24th they should trend lower to a LOW on May4th.
more later
Jay
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