Lets DO the MATH
a retreat from spx 930 after a gain of 260 pts
fibo 38.2% to 50% = 104 to 130pts
thats 826 to 800 - those are both levels we have discussed b4
as previous supports on the way up.
Chief is looking for 855 and he's a pretty good technician
even if he snorts at the wrong time. And IMO, ITS this COMING Monday.
930-855 = 75 spx pts = 600 dow to 7900
Its possible we are topping a 3rd wave within a 5 wave sequence
still unfolding and wont really top till late May or early June as previously posted.
((Yes, I know all this BEARISH talk gets redundant because
we are suffering from our errant ways)).
ok now, back to biz.
THAT means wave 4 is coming up VERY SOON if not starting later
today. Some of my STUDIES indicates such is possible today,
but MORE likely TOmrrow & Monday
Since April was a 2nd wave triangle a,b,c,d,e: we would expect the 4th to be totally different.
And if it takes place in just 2 or 3 days coming up as described above, we should see the results
by Monday
_______________________________________
The ABOVE was written as a comment at 9am this morning
The PROPENSITY and POWER indexes are NOW in alignment heading toward
a resolution on May11th.
The activity index has been flat at the 200 level all day
polarity went negative yesterday
VHF is very active now reaching 9, (range from 0 to 25 )
the higher number, the bigger the sell off
FLUX is VERY LOW at 900= weakness
propensity index started at 3010, and is now at 2975
power index started at 600, and ends the day at 525
TOMRROW it started at 550, and ends at 400
Monday it drops to 300
BUT on TUESDAY & Wed it starts at 400 and runs UP to 700= ONE HUGE RALLY
MoreLater
Jay
7 comments:
That data is a lot to keep up with.
Thank you very much.
I've got Friday finishing down.
I think we may drop down to 880-870 by Monday, another spike into 910 thereafter (to trap some bulls) before the real sell-off takes us down to 820-800.
50 DMA is around 806. That could be it.
Yes, Coy
Ive increased my intake of Ginko.
(gg)
PS;
I keep log of Many things that I must review daily in order to NOT forget the ONE thing that might have tipped the scale that day
Its on a legal pad broekn down into 5 days of the week
this is how the page looks.
each topic in its own column
NOTES -Astro - indexes closing prices- pc ratios,gold,oil, $ - astro readings & other notes
ive got data back years
On seperate sheet, I keep track of my hourly & barcycle times
The Power index has its own page as does the propensity index &
Natural energy page plau the 13day cycle pages plotted thru yr end
Amazing today, the Media thinks the mkt will hold 900 and pop to 940 tomrrow- wow talk about a slope of hope. yesterday they were
gloating, and daring the bears to add on.
Shankar
My indexes are geared for 5 day at most, and thats why I dont usually extend my forecast beyond those points except when I report on Astro which is FIXED forever forward. Aspects must be read & interpreted by when and where they occur as opposed to their historical activity in relation to the stock market
More Later
Jay
"Aspects must be read & interpreted by when and where they occur as opposed to their historical activity in relation to the stock market"
- - - -
Statistically correlating with past activity works very well when done correctly.
focus on the moon
All right bears -
Some sell off.
Maybe it's time for me to stop following market timers.
We'll see if today finishes down, most unlikely
Does anyone see today UP and mon. and tues. DOWN?
Kathy
Yes, today up. Monday down.
Today's bounce is as I predicted yesterday. It might turn down the last two hours though.
More later,
Wannabe JW
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