THE FUTURE

THE FUTURE
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Thursday, April 29, 2010

April 29th EKG


today's pivot lows
120 bars at 10:30am
180bars @ 3;30

Strength today should continue to at least 11am
Jupiter energy

Jay

18 comments:

sirgiyan said...

Thanks, Bro.

Gap up and then down in to the close is more or less my game plan...

RickyBobby said...

sirgiyan

right on.

gold weak this morning.

sirgiyan said...

The only thing I'm waiting for is OEX P/C in first hour or so.
As for the gold there is an inverse H&S on UUP - so gold might really pull back a bit

ARAK said...

Jay,

Pivot low at 10:30 doesn't seem to correspond to the chart you posted. Can you please explain.

RickyBobby said...

just got out of longs at the moment.

critical juncture here,

bulls have to prove themselves

Jay Strauss said...

Arak
120 bars @ 10;30 came in at about 10;15
offered a low from which they did move higher

Jay

Kc135a said...

FWIW I have a slightly up close and a little higher on tomorrow's open before the drop begins into the 5/5-5/6 target low dates.

Jay Strauss said...

KC, Got same dates
5/6
Some really tough news this wkend
should spook Europe to start on Sunday with huge panic Monday to WEd, and thsday AM low
Jay

Joe said...

If markets dont turn here, get ready for 1222-25 by monday, despite what EKG or P/C or Mercury retrograde says.

DOW has almost gained back all its loss.

Joe said...

Clean and clear trend up day, which will close on the highs.

The only way this rally ends would be when Mars and Saturn get together with Mercury to form a trine, which is not there for the next 3-4 months.

Kc135a said...

Jay

I was thinking the same thing about news over the weekend.

I am waiting for about SPY 121.20 to start getting short.

I have a system on the Index Only Put/Call ratio and today it is starting to look market bearish.

Jay Strauss said...

Joe,
Ive mentioned several times
MID june & or Mid JULY REAL TOP

in between, ala next week SHOULD have some apnic selling

BUT
its NOT a TOP

and The mkt should continue higher into Friday this week

New high?
Maybe or not
doesnt matter yet.

Jay

Jay Strauss said...

May 22nd BIG GUNS of our solar system indicate and END to UNRESTRAINED expansion

2010 -still see similarities
to Y2K

but bull still has more legs until Mid JULY before roll over

Jay

rrman said...

Helge says big down wave coming probably tonight they held off the down wave he was showing last night so it should amplify tonights down then reversal at Europe open or afterward this will be huge Friday will be a HUGE up day /6e euro has been tracking Helge good not so much on /es but last few days it has been a lot better

Kc135a said...

Jay

You have mid July as a high and I have this market dropping like a freight train falling off a wooden bridge (over 100 SPX points) after 5/20 into 6/21.

Guess that would still allow for a big rally into mid July.

Things can change but that is the look I have at this time.

grodnyc said...

Look at IYR...incredible day! Too bad I own puts!

rrman said...

if you play the futures tonight would be a good night to stay up we are gong to have HUGE runs on the Euro and dollar and probably the /es Huge drop around midnight then recovery and big day tomorrow lots of rumers about the big trading houses with buy orders on the /6e euro 1.315 to 1.313 we are trading at 1.3231 at 9pm central these are the same moves that happened last night and would be comparable to 30 and 40 point moves on the /es....I can't see /es moving that much but 10 pts could be done....
look at Helge's 1st chart
http://www.cyclelt.com/INT.htm

AS said...

Jay - back after a break from the mkt .... pls could you share your view of the next month ie. May and what you are seeing as readings for next week

Thanks a lot :)