THE FUTURE

THE FUTURE
DO YOU WANT TO SEE THE NEXT BREXIT in ADVANCE ?

Thursday, May 13, 2010

May 14th EKG


I wont be available in the AM

204bars @ 1-:30
258bars at 3pm

55%/ 13 day at noon

Jay

22 comments:

Reza said...

so far its setting up for monday gap up

Reza said...

will not be surprised if we close around 116

after8 said...

seriously annoying market behaviour this week(for me anyway)no reason at all to jump 30pts from 1144,only to kill stops above the last high,pinged em(mine included) and precedes to sell off 40pts is my account being monitored? lol

Reza said...

gap fill in process

Reza said...

so far they cancelled monday gap up

grodnyc said...

Damn I sold my IWM puts way too early!!!

Jay Strauss said...

Spx numbers seem to gel
check this out

1220 - 1066 = 154 pts
40x 4 = 160 - darn close

1066 + 120 could have gotten
to 1186, but didnt

1174 - 40 = 1134
1134- 40 = 1095= the 200 day level
1095-40= 1055 almost on May 6th

Computer glitch or not
the SPX got to where it was supposed to go one way or another

1134 is broken, thus we might look at 1095 as important support

Jay

Reza said...

agree Jay

Abdullah said...

my FAZ/TZA/VIX doing great.

Abdullah said...

not VIX but VXX I meant to say

Kc135a said...

I have been trading the first week of Feb this year fractal. So far, today is the same as 2/5 implying Monday will be down until about noon. Also, the Feb pattern is about 90 days from this weeks action.

Next week is OPEX and yesterday was the New Moon. My bet is the same as Jay's, ..., one kick but rally beginning sometime Monday into Thursday. Statistically the Friday of OPEX weeks have been down from the prior Thursday.

AS said...

Jay - pls can you share what is monday looking like ?

Jay Strauss said...

Agree with KC
Monday is looking DOWn

60bars @ 1;30
90bars at 4pm

62%/ 13 day at 11:13
Uncertain energy at 1:14pm

an initial Low could occur
between 11am and 1pm

European problems end when they close at about 11am to noon

and then we will probably coast the rest of the day

GET READY FOR TUESDAY
HIGH ENERGY
Resolve recent $ problems
expect a winning day

Jay

Abdullah said...

I am out of TZA. Still leaving FAZ & VXX for next Monday???

Jay Strauss said...

There are OBVIOUSLY
investors who KNOW that
Monday WILL NOT BE A GOOD day

and as of 3;20, the selling could intensify since 258bars was at 3pm, and appears did NOT establish a pivot

On RARE occasions, 258bars is passed over for the larger cycle of 329 bars due on Monday also near noon to 1pm

Jay

Jay Strauss said...

Now you see that I mentioned a POINT OF PANIC

DID NOT MEAN AN Immediate COLLAPSE
on the 13th , but as we readily see, it DID mean the START OF SOMETHING BIG

Some of you read the word ""PANIC""
and expected an immediate crash

prophecy doesnt work that way

Jay

Reza said...

Jay

Looks like gap up monday

AS said...

Jay - thanks for clarifying - repenting sellin my puts EOD yest .. thought the panic ended with yest itself .... :)

AS said...

Reza - what do u look for to predict gap up / gap down days ?

Reza said...

Trend is down, looks like gap up

Reza said...

Long DRN & TNA for next week. Closed out FAZ, TZA & TYP.

Reza said...

As Kip mentioned, interests for OPEX are at SPX 119 level.