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

Wednesday, May 05, 2010

May 2010

I felt this May projection worth repeating

6th has negative energy and should represent a low close this week

7th has positive energy, but does NOT offer a REVERSAL

10th = possible EARLY morning low with 13th as stronger TURN higher into the 18-19th



rrman said...

It looks like this morning will be the low for awhile to me...Helge shows a rally now until thurs close then a down wave into Monday afternoon but it looks like a higher low to me....

rrman said...

got out of my tza that i bought on the 15th will get back in tomorrow around close to play that next down wave

after8 said...

should be all the way up now until the end of the hoping to get back into the mid 80's to add some more shorts.tomorrow would be nice to see it.

Jay Strauss said...

1182 = 38.2% of recent drop from 1220 to 1158

also 1220 - 40 = 1180

former support becomes resistence

Joe said...

Any early read on tomorrow's EKG?

Jay Strauss said...

Im waiting for the END of DAy
to publish it, but so far it shows as suspected a morning low which
has a cycle convergence at 11am to 11;30
hopefully end of day will show as I suspect and power index shows a closing low