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Friday, May 07, 2010

May 7th EKG

Todays frist hour might NOT be a strong as the above shows
but
MY EKG today MATCHES the chart from Xtide

Today's read is for POSITIVE $ matters,
but it will be hard work - in other words, imo, not a moon shot

as opposed to yesterday which read
power struggles
things are off kilter- wow they sure were -gg
stressful day - to say the least

Today's cycles
90bars at noon matches EKG
126bars at 3pm, typical hourly turn means the close could be the best of the day

more later
Jay

14 comments:

ARAK said...

Jay,

is that a two day chart or one day? the vertical line in the middle is a bit confusing.

Reza said...

I think its better to stay out of FAZ when S&P hits 105 next week. Because its the financials that are making money of this down time. Its better to stick to TZA & TYP

Reza said...

IYR & GOLD not a good idea to shprt as Goldman, JPM & Paulson & Co.are involved big on those.

Reza said...

For today look for 109.65, then close at 114.80 area

Jay Strauss said...

IGNORE vertical LINE
Its just a background GRID, and has NO value

Jay

Jay Strauss said...

Reza,
I think 1090 or lower will wait for monday

Jay

Reza said...

Possible targets
FAZ next target - 16.62
TYP 11.19
TZA 8.65

Reza said...

Hope not making too much noises

Reza said...

Jay
I think AAPL started the slide to 1090

Reza said...

Jay
It did hit 109.58. I am not going on the long side for the time being. Short the pop

Jay Strauss said...

OK, Reza
I agree
I will look for a short later today

After Europe closes at 11am, they should get quieter here

13 day segment hit at 10:20, dow off 279, now bouncing back some

HOW high is high ?
1148, I doubt it

Got a 3 wave rebound off yesterday's lows to 1135

Today's low so far = 1096
= my magical 40 pts differential

looking for 50% recovery??
would get us to 1115

anyone got other price levels to short from??

Jay

Jay Strauss said...

Great time to
talk with Chat roll
jay

Reza said...

AAPL's next target is 215

Reza said...

Cannot access chatroll, error - over capacity