POWER DATA ONE WEEK AHEAD - Provides an 80% Correlation to the SPX

Friday, November 13, 2009


This chart is from HELGE

He is one of the best in world- but his graphs can be complicated

IT does show a LOW on NOv 2nd -4th
High on 11-13
LOW on 16 -17
Higher on 18th
quick dip on 19th
higher on 20th -23rd

NOT an easy track to follow, but its pretty much what Im expecting

Monday does call for Dealing with $ issues & recharge your batteries
Tuesday gets the GREEN LIGHT
18th continues till mid day

Some one said they had the 19th as an important low,
but it does not fit into any cycle that I follow
It does appear to be an off day however

Dollar and stocks exact inverse reaction

Did today qualify as a wave 4?
Wave 4 may not have completed 3 legs
wv [a] hi at 12;30 & [b] wv low at 3pm
It does look like Monday should open higher for wv [c] = 4

OBV has been declining since 11/10, and was lower at todays close
than the low on the 12th at close showing internal weakness

more later

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