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Friday, March 05, 2010

March 5 Market EKG

THis doesnt change ANYTHING, but again, its a matter of WHEN the day actually starts
as to when to EXTRACT the data for the daily EKG, and MAYBE I should cut OFF
the END of the day. I really dont think the last hour will mean much as even day traders
should NOT be chancing a trade for an hour.


The GAP above DOES NOT mean a GAP in stock prices
Its ONLY a gap in the data stream

Today is considered a CIT by some of my associates,
and Ive been projecting today as such for weeks

Activity index - MARKET PULSE
100 at 5am
233 @ 7am
133 @ 8am
200 @ 9am
STILL 200 at 10;30
started dropping at noon & @ 1pm the pulse has dropped to 133


Bar cycles
180@ 11am
102@ 1pm
228@ 3pm
SAME times AS daily Hourly turns

energy Influences
8:35 pre market +
7pm after mkt +
Nothing during the day

reading
expect money benefits today
upbeat conditions continue

more later
Jay

23 comments:

gin said...

Looks like a cardiac arrest in the making :)

ARAK said...

Jay,

How does this day finish? Up into the close or weak finish and gap down, since you have today as a top.

astralguide said...

Dear Jay
Good morning You mean there is no energy for the rest of the day or any calibre in the power index?

Your power index is like the pulse of the patient.

Jay Strauss said...

GIN
good observation
FINAL GASP -gg

Arak
Late influence is positive
as well as positive weekend energy
So we really should expect a pos bias in the late hours today

Im making some fine tuning adjustments to the March graph from the 5th on, but there is NO change for 8th & 9th, both look DOWN.
updated graph should be available over wkend

Main diff
March 15 new moon low
Mar 19 rebound high

Same as b4
mar 23 lo
Mar 31-Apr 1 lo

HUGE rebound April- that graph will not be shown until late March
Jay

Jay Strauss said...

Astral
Actually the ACTIVITY index is more like the pulse since it updates every 5 minutes
IT IS HOLDING STEADY at 200

the POWER INDEX
shows me a similar outcome as the daily EKG - basically a struggle to stay above water- but doing a great job of putting on show for the visiting relatives.

low volume rallies
technically not good.
A tech sell signal was generated by the internals on Feb 22nd, and some times like NOW we get a 10 day delay

Jay

after8 said...

no volume again by the looks of it,they're really trying to drive every short seller out of it here,when you see that happening the turnaround is usually good for a fast move.may keep grinding/consolidating through most of next week,you never know.

Jay Strauss said...

Hannah
thanks for logging in-
as a follower
cute pic
Jay

Jay Strauss said...

GIN,
They seem to want to go for broke FIRST

Low volume rallies??
Distribution by the FEW, leading the sheep to slaughter

REMEMBER y2k
March - April 2000

First high was Jan 14th
March high
April debacle

Jay

astralguide said...

You are so right Jay.
Your sense of humor is really Sunny like the place you are in.

"putting on show for the visiting relatives:)" I hope the RELATIVES leave shortly.

rrman said...

I agree Jay looks like we rally into afterhours but Sunday after unlock get ready to short....I'm long /6e it lagged a lot but it finally caught a bid a bit ago

Reza said...

rrman,

U mean Short Monday at open

rrman said...

Yeah Reza that will work but we get a nice wave down after unlock on sun nite also then a real nice upwave into the open monday....I'm considering not trading normal trading hours the /6e is much more profitable in the afterhours...seems like they bid it up in the eve so they can short the heck out of it when europe opens ...but then during our trading hours it doesnt move all that much..

Jay Strauss said...

activity index seems to be in retreat starting at noon, noted in RED on the main page is now at 133 at 1pm
Jay

Jay Strauss said...

No sellers yet, but buyers may have gone home early

Jay

Reza said...

rrman,

can you please post the overnighters, so we can follow.
Like today go short or long for Monday am

Thanks

Reza said...

rrman,

can you please post the overnighters, so we can follow.
Like today go short or long for Monday am

Thanks

AS said...

Rman / Jay - agreee - can you help simplify for those of us trying to position for a swing :)

AS2009

Paul said...

Give us a clue rrman
Jays charts are as clear as mud and arent working any beter than Coys or helges.

Jay Strauss said...

Paul
Sorry to read your not getting what you need from various projections

Helge seems to be showing next bigger move is DOWN
as Do I
Whats your TIME frame

are you scalping, day trading
position, or longer term??

My March graph shows March 5th peak, and 2 strongly lower days on 8th &9th, and that has NOT changed

Weve been discussing March 5th TURn for many weeks now

Not sure what your dilemma is.

Jay

after8 said...

well im in and short at35.7 cash.thats me for the day,im off to do something more interesting.intending to hold now through next week,depending if any downside shows.have a good weekend all

Jay Strauss said...

AS
what kind of SWING are you referring to? from NOw to ?

just answered Paul
does what I wrote help?

Jay

ARAK said...

Jay,

Wondering why you went early on TZA. Wouldn't be better to wait for close as they may plan an EOD jam

Jay Strauss said...

arak
thats a good question
only bot a few shs, and will add a lot more monday

The activity index WHICH had dropped to 100 at 2pm, is NOW rising again to 200

final thrust??

We shall see

Jay