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

Friday, April 30, 2010

April 30th - EKG

Today's reading calls for morning problems, but positive later

There could be a late energy burst to keep it higher at close

Cycle pivots due at 11am
204bars @ 11am
62% /13 day cycle @ 11am
hourly cycle @ 11am
258bars @3:30

THIS Mondays 213pt loss looked like 5 waves, but that only setup the next rebound this week

The TIMING for this week as a HIGH still stands per TIME & PRICE on the dow & spx
Whether that was Monday, April 23rd on SPX close or 26th- Monday at 1220 intraday

Late Sunday- May 2nd energy indicates a DOSE of REALITY
which should effect Europe and US mkts most of next week as there is more during the week
which should exacerbate some mkt woes.

more later


Abdullah said...

I wouldn't be surprised to see a slightly red close. If anything odd comes out of Greece or Portugal over the weekend... we could have a rough day Monday, so I think traders will want to stay flat or lighten up a bit.

ARAK said...


Does this downswing last till May 6th or are you saying that Mon we have a bounce? Your text is a bit confusing.

Jay Strauss said...

I think I fixed the verbage on the main text


rrman said...

Jay Strauss said...

thanks rrman
I posted it

Kc135a said...

Now, ..., that is what I call first rate analysis!