THE FUTURE

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

Wednesday, May 19, 2010

May 19th ROLLER COASTER



180bars at 10;30
204bars at 12;30
78.6%/13 day at 12;25
228bars @ 2;30

Energy - negative influences at 2;15pm & 3:41 pm

Initial EKG for Thursday indicates a lower open

Most important pivot date this month looks like May 28th

May 31st Holiday

June 1st/2nd = Bradley turn - should lead to mid June high

Jay

24 comments:

Reza said...

jay, rrman, abdullah

sent u email from Mahendra

pdf format

Reza said...

jay u think spy 113.5

Reza said...

rrman

u still vacation mode, missing all the tornado chasers

after8 said...

buying some at 1112.2.i think soon we turnaround.

rrman said...

thanks for the email Reza looks like we're getting our Euro Rally today I'm looking to short it around close for a big down tonight and tomorrow we'll see if they can get stocks to follow I'll bet they do after Europe closes...tomorrow should be the low then up thru 9th or 10th of June

Jay Strauss said...

LOW due MAY 28th -
do not chase longs till then
However, TOMRROW has possibilty for huge rebound as per POWER INDEX

Today still should end at or near lows

Major neg energy at 3;41pm

EKG appears muted on the upside, or was 10am all they got

Jay

Reza said...

jay

did u get my email

Reza said...

i think bottom will not be in until aapl hits 184

AS said...

Reza - can you send to me too pls ...

Anjali

Jay Strauss said...

reza
Got the email
much to read everywhere

Need to condense data

GOT to that spx 1100

should make it lower to at least
there by 3:30

Tomrrow looks like strength
after hopefully a lower open

BUT
the MAIN trend for May is lower till the 28th.

Jay

Reza said...

Jay

I think it looks like 1070

Reza said...

Jay your formula,

Breaking 1120-40=1080

Jay Strauss said...

If they do stop at 1100
today, then a fibo retrace could then get back to 1145-1150 tomrrow or Friday

BUT
from there , deterioration should get to a pivot low on the 28th

in other words, we cant start an uptrend until after May 28th

and even then it wont amount to much other than a bear mkt rebound

WE cannot expect anything like the March 9th, 2009 low to April26th for a long time to come
THAT SHIP has SAILED

Jay

Jay Strauss said...

Reza
40 pt rule of thumb
1220 - 120 = 1100
if that breaks, then possible
1060
but I doubt it

1080 is a 1/2 of 40 pts under 1100

Jay
1080 would be JUST RIGHT, mama bear

Reza said...

jay

I think the bounce may come from 1080 area to 1140. From 1110 area does not have a strong bounce. 1090 is the long time support area. So I think they may want to take a little more down, then jump up

after8 said...

i think that may be as low as it gets now this week.im going to leave my stop at 1100 and try and run this long into friday open.tomorrow should be straight up in rth,or possibly an opening dip,then ramp.agrees with you jay.

Jay Strauss said...

Crappola

Possible lower open to retest 1100

reading calls for challenging start

EKG shows lower open on the next graph

Best of the bear is not due until
next week on 26th to 28th

Jay

Jay Strauss said...

Reza
A rally is DUE
but as you write, 1100
or 1090 should be hit first

Tomrrow AM is last chance for
dip to 1090 - 110 retest, then boom to 1140-1145

Jay

Jay Strauss said...

Reza
A rally is DUE
but as you write, 1100
or 1090 should be hit first

Tomrrow AM is last chance for
dip to 1090 - 110 retest, then boom to 1140-1145

Jay

Jay Strauss said...

Reza
A rally is DUE
but as you write, 1100
or 1090 should be hit first

Tomrrow AM is last chance for
dip to 1090 - 110 retest, then boom to 1140-1145

Jay

Reza said...

spy needs to close under 111.77

Reza said...

Jay

Any update about tomorrow's EKG

Reza said...

So far looks like gap down. Any thoughts

rrman said...

ok went short /6e Euro 1.2412 I think we're about done on the up move should be down all night