Rotrot chart - ALMOST thereThanks for the REALLY GREAT comments - good dialogue without derogatory remarks
first * what happened yesterday
UP open as predicted
10:30 low @ 204 bars as predicted
2pm -3pm high as predicted
3;36 low @258 bars as predicted
possible higher close as predicted
that ONLY thing we didnt get yesterday was LOW enuf to make $$ on the short position
high of +128dow and SPX 909 was EXACT
___________________________________________
Will we get that today ?? it doesnt look like it - damn
MMORE FRUSTRATION for bears- WE WERE Expecting 2 DOWN days in a ROW, hmm.
However, OBV at close yesterday was WEAK, and should indicate some more selling today, maybe
OBV actually peaked at noon yesterday, and usually is a leading indicator of a weak market
and thus we will keep an eye on it today for clues into Monday
MACD not crossed over yet - waiting in the wings - chart above
Activity index THIS MORNING is on the RISE from a low of 100 at 7am to 266 @ 8:30
and futures are pointing toward an up open
DAMN OIL & GOLD need to get HIT along with stocks,
STILL got JUNE8th to 17th for that REAL BEAR to appear
until then we PLAY in a range 880 to 920
TIM McCarthy has June24th for a MAJOR RUNUP, and I agree BUT June10 to 17th is DEAD AHEAD FIRST.
AL LARSON's XTIDE today- uses red & green tide- very confusing
but using that along with my power and Propens index, I am projecting the following for today
UP open
Down at 30bars @11;30 to noon @ 78.6% of 13 day cycle low
Up till at least 1pm - 1:30
down at 2pm @ 60 bars
UP CLOSE
This MEANS a lower resolution to spx 880, ( if coming at all,) will have to wait till MONDAY
Natural energy shows a hard hit for Monday & readings for Monday are negative
GM announcement on June1st- Monday - by rumor- sell news??
VHF over 5 = bearish, but the HIGHER readings > 15 is really what ive seen with strong sell offs
Flux active = bullish
Theres more, but I'm out of gas for the moment
Jay
9 comments:
Thanks Jay. I agree with you.
sam
My system indicates monday-tuesday down. It is based on statistical correlating astro with the market action.
best
8
Thank you for comments even though they are bit fuzzy for me to understand:) What is the prospectus of S&P for next 2/3 hours or today overall? Any clearer ideas pleaseeee?
8,
Do you have a website?
What's your view for today?
Thanks.
no website.
today is a low confidence day, so the call for today is no call.
hold a gun to my head and i say sideways distribution.
Best,
8
8,
Thank you.
JAY,
GOOD WORK!
THANKS!
YOURE A STAR!!
KEEP IT COMING.
looked at GOLD, and bot more puts
why ?
Volume & OBV are lacking on this runup. and CNBC is getting excited about oil & gold-
I hear that Prechter has become a raging bull on GOLD - Hmmm- he's been bearish all the way up. hmmm.
Volume SPIKED on Feb 11th to 18th on the rise to a high on Feb 20th of 994
WELL, there is NO volume SPIKE this week and the OBV is WELL UNDER the previous PEAK on Feb 20.
IMO< Technically that SAYS the NEXT BIG MOVE FOR GOLD IS DOWN.
Also bot MORE puts on DJX a few moments ago at 10;30am
Cant say if I will sell them today unless 11:30 sells off to
at least dow 8300, which I doubt it will do
activity index has just dropped ONLY ONE level from to 266 to 233
In that case, it means I will have to hold them for Monday's sell off
today's power index finishes at
500 and the propensity index finishes higher also, BUT its really hard to tell IF those indexes which are right on the dividing line for today verses tomrrow are UP for today or tomrrow which has no influence on today
Xtide' RED tide for today shows at high at about 3pm,then a late sell off- wouldnt that be nice.
But his green tide shows a a late rally as does my other work as above
ARE you CONFUSED about today -
I certainly am, but Im staying bearish
WHY?
OBV IS LACKING yesterday AND today which supports my position that this CANNOT stay up for much longer
more later
Jay
OH yuh, I forgot to mention
POWER INDEX FOR MONDAY IS SET AT
325 level ALL DAY
it then make a HUGE JUMP way up to 600 on JUNE2nd
this outlook agrees with natural energy and the readings I posted about each of those days
Monday = Negative
Tuesday = REVERSE of Monday
Jay
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