Sunday, May 16, 2010
May 17th EKG
Upon review of what was expected verses what we got, we can see there was NO last hour decline.
However, as mentioned and noted many times in the past when a cycle such as 90bars is expected at 4pm, it often
occurs at the OPEN on the NEXT day.
IF SO, that would offer, IMO, a very nice buy opp just for the day,
and is corroborated by the propensity index which rises from 2989 to 2998
THE LOD did occur at noon which is within the scope of the
13day segment scheduled for 11;16am
Adjusting for Daylight savings did occur at noon.
8am UPDATE shows recovery from Asian blitz rolling over from Europe this morning
but a late day drop off is possible according to the above which concurs with 90bars at 4pm
The above doesnt look ominous, but looks can be deceiving
I would like to see the 200 day line at about spx 1100 as the 11am-11;15 low,
but thats just my wishes
& wishes dont make it real until it happens
You have the CYCLE timing from the previous posts