THE FUTURE

THE FUTURE
SCIENCE DOES IT BETTER

Thursday, May 06, 2010

May 6th EKG

TODAYS plunge to 1070 was ONLY real for Anyone who was LUCKY enuf to trade at 2:45pm
Activity index was at 400 at 5am
Now at 166 at 8am

cycles today
258 bars at 11am
30bars @ 1:30
60bars at 4pm

Tomrrow calls for a better money day, but the power index as pictured has not changed and
shows a continual slide into the 10th to start

Does the European problem equal the Asian problem of 1998 & is it the start of recognition
of a WORLD problem effecting WORLD markets just as Lehman Bk in 2008????

Funny how all this comes out AFTER the mkts REACH max FIBO goals of 62.8%

more later
Jay

32 comments:

AS said...

Jay - pls can you share what is the signification of 256 bar, 40 bar, 80 bars ...

TIA :)

Jay Strauss said...

21 hour cycle and its parts
using bars instead of minutes

See the explanation over on the
right on the main page

12 bars per hour
78 bars per day
258 bars = 21 hour cycle

Ive explained this SEVERAL TIMES

ITs the market breathing

Yesterday hit LOWS at
180bars at 11am
204 bars at 1pm
228bars at 3pm

Jay

ARAK said...

Long 1147.5, stop 1148. 1/2 off at 1152

Abdullah said...

if the S&P breaks 1150 all major trading platform will signale SELL order. Thus driving the market much lower. I see S&P reaching 1120 then bounce back. It will be lower highs & lower lows.
Still long FAZ/TYP/TZA

sirgiyan said...

still holding GDX calls

Reza said...

Still holding TZA, TYP & FAZ. No point in fighting the trend

Reza said...

AAPL just issued sell signal. So this may be actually the start as Jay said

Reza said...

TYP may have some problems at 8.08, once it passes, then we should be ok.

AAPL next target 235

Reza said...

GS next target 134, JPM 37

Reza said...

Sorry GS 138

Jay Strauss said...

Wheres all the NASTY comments?????????

YOUr methods dont work

GIVE IT UP

hmmm.

Jay

Reza said...

XLF showing 14.88 target so far

sirgiyan said...

F@@@ Daneric!!!! Right Joe?

RickyBobby said...

UNREAL!!!!!

ILOVE EVERYBODY!!!

BEARS WIN!

RickyBobby said...

Oh my GOLD!

Oh my GOLD!!

sirgiyan said...

F@@@ Daneric!!!! Right Joe?

Reza said...

"mrtopstep

tsounds crazy but Hearing Citi's program desk had an e-mini program error. Meant to sell $16mm of the e-minis but put in $16bln instead."

dontblong?

Joe said...

Daneric is still an idiot - dont care what he says. I was short, heavily short with puts and futures and everything got cleaned when S&P hit 1090. ALL CASH NOW! In trading being RIGHT is USELESS. MAKING MONEY IS ALL I CARE ABOUT. Daneric, of course called 3 of 3 of 3 this time - do you want me to show how many times he called 3 of 3 of 3 that didnt play out? Do you want me to show how many times he said 'This is it - the ultimate top.'? He called THE TOP some 10 times in this bull market off March 2009. Of course broken clock is correct 2 times.

I made out like a bandit today and all cash. Taking a break from trading for a week now. Good luck!

Joe said...

JAY,
THANK YOU VERY MUCH. I HELD ALL SHORTS TILL TODAY AS PER YOUR FORECAST, THOUGH 1160 WAS MY TARGET AND GOT HIT YESTERDAY, BUT DIDNT COVER ANYTHING.

sirgiyan said...

F@@@ Daneric!!!! Right Joe?

Jay Strauss said...

JOE
GLAD it worked out RIGHT

thanks
Jay
I did well today also

Joe said...

BTW, write this down - Daneric will call "P3 IS HERE" today. He will be proved an idiot, of course, within another 4-5 months. Rinse, repeat and hey, sometime in future this bull market is going to top.

rose2797 said...

Jay, have you closed your TZA. I think your were accumulating from 9. I was not infront of computer and could not close. My average price in 7.75. Do you think May 10 or 11 are the lows

Abdullah said...

Stopped out of my TZA at 7.15

Abdullah said...

Stopped out of my TYP at 8.65
..
..
..
Still holding FAZ.

sirgiyan said...

F@@@ Daneric!!!! Right Joe?

sirgiyan said...

F@@@ Daneric!!!! Right Joe?

Kc135a said...

Not quite the down day everyone was expecting but kudos to Jay for indicating it was going to be a rough day into the close.

Believe me, I will pay more attention when Jay gets emphatic about a move.

Great job!!!

AS said...

Jay great call !!!

I agree 100% with KC ...

AS2009

AS said...

Jay would be great if u can share power index for next 7 days from may 7 ... so we can see how may 13 etc compare to may 10 ...

Thanks a ton !!

Jay Strauss said...

Rose,
I closed out one account with tza bot at 5.88, but holding the Guru account for later this month

AS--
power index only goes out 7days
but the May graph did indicate a DOWN day on the 6th with minor fluctuations now till 13th where the combo of the new moon and merc direct should have a positive impact on stock prices

Monday as previously indicated could start out QUITE WEAK

reading for Monday says HOLD off on making decisions at least one more day

Jay


I will update over the wkend

Jay

AS said...

Jay - thanks for updating :)

Any EKG for today ... I bought some longs yest ... trying to see where to close ...