THE FUTURE

THE FUTURE
Graphs above are dated JUNE & JULY 2017 as well as the NOTE UNDERNEATH

Friday, May 07, 2010

May 7th EKG UPDATE


This might be a little more accurate for today

and a late sell off or WEAK afternoon should lead to a continuation of the sell off into Monday

Monday cycles
150 bars @ 10:30
180bars @ 1pm
204bars at 3pm

IF we get a SHARP retreat on Monday in the FIRST hour, that should set the lows for the week
as the next 2 days SHOULD settle into a narrow range, thus getting ready for UPSWING later in the
week on the 13th and or 14th along with Merc Direct & new moon

Jay

9 comments:

Kc135a said...

Jay

This updated post makes more sense.

We also have a new moon on the 13th which in this case does look like a relative low setting up quite an impressive rally into May OPEX though to about SPY 120 max,..., a lower high!!

Jay Strauss said...

Kc
OK,
I just noted on Chat roll that the new moon on the 13th is the game changer

Any low Monday should meet with some support till 13th with bottoming process

jay

Jay Strauss said...

KC
Europe effect almost over for today
and will pick up again Sunday night effecting Monday till about 11am

Jay

Kc135a said...

I think we are all trying to wind down from yesterday but yesterday was a perfect fractal of the 8/16/2007 low which implies the general trend is up into May OPEX.

Reza said...

eu down 3%

Reza said...

105 looks possible for bounce next week

Jay Strauss said...

chat roll not working??
BOT short at 12:21 as previously indicated would be a short term high
and so far it was

dow up 18, fell off right after

Jay

Reza said...

Once it hits 1047, everyone will be looking for H&S, so bears will wake up to short. Seems thats when market will turn

Jay Strauss said...

Reza
Great observation
get ready to go bullish when the BEARS come out to play

Even with that HUGE drop yesterday
the Jaywiz index was a LOW 21 indicating more selling on top of the 43 from the day b4, and a 20 on Monday

Lets hope they can CAP off that monster OIL spill so I can swim at Naples beach this summer


Jay