the ABOVE chart shows what my last comment on the previous post describedin addition
on the 10day chart above
DOW started at 8270
then
8590 + 300pts
8230 -360 pts
8500 + 250
8250 - 250
8500 +250
We've got to be STUPID not to take advantage of the above in both directions
If you prefer the bull postion, by all means its right there
and so forth for the bearish lot
NOW, at some point there's going to be a dramatic shift, and the CYCLE is still on schedule for JUNE10th to 17th with the MAJOR emphasis on the last 3 days of June15 to17
Erik Hadik has the MARKET and GOLD making severe deep cuts the week of June17-18
Dow to 7600, hmmm
Which IVE BEEN calling for months
___________________________________________________
OK, so lets look at NEXT week, and see what we can glean from the above as transposed into trading.
Gold first
Jaywiz gold index last week
26th = 16
27th = 39
28th = 16
29th = 16
VOLUME lacking OBV failing on current rise to 980
REALLY now- need I say more
____________________________________________-
Since we are 8500, we might see a move to 8590, but I doubt it
lets consider the next important trading level as 8200 - 8250
WHEN is the next obvious question
According to the FLOW of price change we should see another drop to the
above mentioned low and another rise to the previous high 8500 +
MY old friend Kevin Murphy points out the WEAKENING of the THEORETICAL highs in May,
and the NEXT one within the next 10days- I have his research statement & will publish when I get his permission.
______________________________________________________
The JAYWIZ index for STOCKS on FRIDAY was a 20 = quite bearish
the DAY opens with a CHILL at 8:20am and could set the tone for the day
power index as mentioned b4 is at 325
propens index NOW points to a down open, low mid by mid day, rebound and final low at close
hourly cycles still at
9:45
11am
1pm
3pm
Bar cycles are
90b @ 10am
120b@ 12;30
150B @ 3pm
____________________________________________________
SOOO<
what can we ANTICIPATE ?
You can interpret what you wish, but the NEXT level
tested should be at 8200, MYABE NOT tomrrow, but certainly THIS WEEK
*************
Power index shows some potential for WEd ,
and coincidentally there is as 13 day cycle COMPLETION on Wed at 10:30am
followed by a quick rise that day on the power index
***********************
____________________________________________
Now, your going to ask what happened to rise previously reported on the power index for Tuesday
there is a CONFLICT with the 3, 4 5, & 6 day daily feeds, and I need to see how the
propens index acts in order confirm which one is more correct- the 5day = the above outlook
OR the 7day which shows the previous uptick on June2nd -
BUT IT also shows it collapsing on the same day
____________________________________________
As usuall, we cannot expect our bearish goals to be met ALL IN ONE DAY
thus it has become MY researched opinion that we will see out trading GOAL
of dow 8200 on June3rd at 10;30am
In between we should get the TYPICAL DOWNS & UPS
every day within the 300 pts range= 40spx pts
that 40 spx points is something Ive referred to many times
666 + 140=906 + 40 = 946 and thats why I had mentioned
that as a potential high during May - never got there and IMO, it wont
Murry math is at 909 and did provide resistence
a small over run on both led to 929 on May8th
and now 920 on May29th just one day prior to the Merc Retro
Needless to say it all fits quite well within the scope of the 300 pt trading range for May
thus the same old same old for the next 2 weeks
more later
Jay
13 comments:
Jay,
Tomorrow are we getting a sell off for GM.
I bot some GM friday and I understand that it will be delisted and we all lose money on any stocks or options of GM. how a blue chip goes to dust in a year. I will try charting gm its akin to its death.
Jay pls factor in the GM story that may change the scene monday onwards.
The futures as of now are at 932.
The delusion never ends. Quite amazing.
- Shankar
Jay,
Any updates. Market is overheating.
Thanks
Jay, my people have the roadmap for a longer term approach of trades that last days. Nailed 5/6 top, nailed 5/13 low, nailed 5/27 opening low. And I don't claim or attempt to do daily calls, it's big picture work. Missed the trade on 5/16 high based on the big picture bias. Called 5/22 white candle close on high day which was only one trading day late. Consistent message on the early June high which is building and extending spelled out along the way. It's like printing money.
It's for smoother big picture trend work, with position trading style. So I do see something along Hadik's timeframe but it is coming from much higher with parabolic potential. Anyone looking for Hadik's pullback date needs to be aware of the parabolic potential before that. What is the value of never being on the wrong side of TREND. Be very aware going into Hadik's pullback date. And you don't know what will happen by time we get there, the opposing cycles are weakening.
Boy if you held SHORT over the weekend --- you are getting KILLED right now.
*snort* *snort*
DA CHIEF
Reza is right = over heated
product of residual effect of Merc retrograde. Just like putting on the brakes, it takes time and distance to stop.
I will be adding more shorts at 9:45 -
its great to have additional capital when we get this kind of MONDAY open.
IT also WORKS in reverse when we get a HUGE sell off on Monday open.
bulls attracted to the May8th high of spx929.
GM, what a BUST- as GM goes, so goes the NATION- OUCH
Calif almost in BK -ouch
Today's Power index opens at 400 and closes the day at 325
Propens index opens the day at 3002, and closes the day at 2993
VHF is active - but under 5
only a little bearish
ACTIVITY index
7am @ 200
8am @ 66
shows an active start with drop off confirming the above
repeat:
I WILL BE ADDING MORE SHORTS AT 9:45 and I will be selling them at or near the close
we have 150bars at the 3pm hourly turn, but also 156bars @3:30 which sometimes enforces its effect IF 150 has no effect.
effectively ,I will be out of shorts between 3 and 3;30
that BIG reversal UP on June2nd is STILL on the radar screen,
BUT the OPEN will only be a BLIP, as the power index OPENS @ 600, but by mid day drops back to 400, and closes at 425
similar deal for Wed after the 13day cycle @10:30 we have an index reading opens at 575, then drops back to 325 by days end
4th- power index opens at 425, closes at 400
5th opens at 425, close at 350
According to the power index,
BULLS have the Mornings & will NOT give up easily, but the BIAS is bearish and any rally should be sold.
8:30am
Jay
ps, as an afterthought, I did mention they could run back up to 8590, and thats what it looks like, at least for the open, and as Kevin Murphy's research shows, a weakening on each successive rally.
Reza is right = over heated
product of residual effect of Merc retrograde. Just like putting on the brakes, it takes time and distance to stop.
I will be adding more shorts at 9:45 -
its great to have additional capital when we get this kind of MONDAY open.
IT also WORKS in reverse when we get a HUGE sell off on Monday open.
bulls attracted to the May8th high of spx929.
GM, what a BUST- as GM goes, so goes the NATION- OUCH
Calif almost in BK -ouch
Today's Power index opens at 400 and closes the day at 325
Propens index opens the day at 3002, and closes the day at 2993
VHF is active - but under 5
only a little bearish
ACTIVITY index
7am @ 200
8am @ 66
shows an active start with drop off confirming the above
repeat:
I WILL BE ADDING MORE SHORTS AT 9:45 and I will be selling them at or near the close
we have 150bars at the 3pm hourly turn, but also 156bars @3:30 which sometimes enforces its effect IF 150 has no effect.
effectively ,I will be out of shorts between 3 and 3;30
that BIG reversal UP on June2nd is STILL on the radar screen,
BUT the OPEN will only be a BLIP, as the power index OPENS @ 600, but by mid day drops back to 400, and closes at 425
similar deal for Wed after the 13day cycle @10:30 we have an index reading opens at 575, then drops back to 325 by days end
4th- power index opens at 425, closes at 400
5th opens at 425, close at 350
According to the power index,
BULLS have the Mornings & will NOT give up easily, but the BIAS is bearish and any rally should be sold.
8:30am
Jay
ps, as an afterthought, I did mention they could run back up to 8590, and thats what it looks like, at least for the open, and as Kevin Murphy's research shows, a weakening on each successive rally.
Jay I can't post too much in respect to subscribers. This is an approximate roadmap because it can adjust daily. We're seeing dynamic parabolic growth of the long cycles that tend to wash out future lows although those low dates should still turn out to be pullback days.
How many parabolic bullish trending moves occur in a lifetime, what is avoiding one bad trade a month worth?
I'm not saying that this is parabolic but it has that potential, for bearish traders what does that mean?
Who else maintained consistenently that early June was a high and gave them the 5/29 transient cycle peak day.
Here's a direct link to the RUT chart that marks some dates. Hadik's pullback is there. But there is more about what happens before and after.
http://img.photobucket.com/albums/v77/Achartist/RUT053009.jpg
Like I said it's not intraday and may not be for everyone. I'm sorry I won't be able to post much in the future because the free periods have expired and I have paying subscribers now.
http://www.stockcyclestrading.com/
"I have paying subscribers now".
One of them won't be me. As I said on your site, the May 22 hi call would tell me where to go.
g
Jay
Any updates, it is getting out of control.
Thanks
Reza
Stunned silence??
Post a Comment