THE FUTURE

THE FUTURE
DO YOU WANT TO SEE THE NEXT BREXIT in ADVANCE ?

Wednesday, May 19, 2010

Prelim EKG for May 20th & update at 8am



Update shows about the same but with continuation of drop at end of day
WHICH may or may NOT occur UNTIL the NEXT morning which is a phenomena we have
seen a quite a few times with the EKG

Read says CHALLENGING start today, CALMER tonight

Friday EKG shows similar events, so IMO, any BUY opp can be used to SWING trade

Seems to concur with lower open

258bars at 10;30, which might get truncated to 10am

Reading calls for Challenging start

INTERNALS Tech data are SCREAMING BUY
concurs with the POWER INDEX, which starts out at 300, and jumps to 500
and holds that level on Friday for the most part.

Any early dip, if we get it would be a buy opp

got to 1100 as projected several times at 12:noon which was right near the 13day cycle pivot
at 12:25pm


Jay

50 comments:

Reza said...
This comment has been removed by the author.
Reza said...

Jay

Do u see 1050 by end of month

crissy said...

@rrman, watch out, the € had bullish engulfing candles yesterday, imho we may see a double bottom or even a higher low at 24th, more or less.

cementzak said...

1050 by the end of the month? why not the end of the day?

sincerely,
cementzak

Reza said...

jay, rrman, abdul sent u email

RickyBobby said...

CRASH!!!!

Reza said...

cementzak

good idea.

Reza said...

Jay

yesterday was 10.08.2008 comparison.
What happened after that, does it look similar according to forecast

grodnyc said...

gameplan for today? Get in long?

Reza said...

think 1075 may produce a bounce

RickyBobby said...

No question about new lows.

Jay Strauss said...

I would guess that spx 1044, the Feb low would be the target, maybe even tomrrow

1220- 120= 110, done once
broken today could mean 1080 as we have discussed as possible

258bars at 10:30
might be lod ??

Jay

Jay Strauss said...

Positive influences ended April26th
Negative influences increased this week thru tomrrow

relief Mon & tues, but picks up Neg again Wed to fri next week

Jay

Reza said...

Jay
Did u look at 10/08/08. Seems close shorts during EU close. Then short again at close. Then long in the am tomorrow

Reza said...

Jay,

Lets play by the earnings guidance in the future. It makes more sense. Dow wants to go to 9200 area for a bargain

Abdullah said...

I think we see 9000 by mid summer

Reza said...

i think 1075-80 technical 10% bounce

Reza said...

get out of faz when jpm 37, wfc 28 area

Reza said...

Jay
Remember our game plan was to go long at 1050, when everyone H&S

Reza said...

need to stay below 1092.07

Reza said...

xlf wants to go to 13.66

Reza said...

rrman

Helge's chart is working
Jay's analysis is working as Fed is not manipulating anymore.

Jays analysis went wrong because of Fed manipulation

Reza said...

Jay

I think everyone is looking for 1050-56, so they may turn it around 1075

Reza said...

1056 looks like tomorrow

Jay Strauss said...

Reza
Got under 1080 at 10;30am
258bars at 10;30am

Im out for the day
Will re-short later on bounce
OR
wait for tomrrow open- might be higher
or both
______________
lost 144 pts from 1220 to 1078

any bounce should not exceed
1090 would be a nice place to stop
and open at 1100 sets up the next drop to 1050 tomrrow

Major neg influences now effecting human behavior & market sell off as described by the readings thru tomrrow

Jay

astralguide said...

Dear Jay

This week is literally a mirror of the week 3-7 May.
Yesterday we reached a point of fibo which was confirmed.
Now we are to go to next fibo ratio point to do a jump.

Jay as I wrote you many people I came to know ridicule esoteric sciences out of ignorance.
It is easy to read a tech chart in a trendy market but when it is total dark all analysis fails.

At times the polarity can be different and can be mistranslated where we can err.
That is why it is important to keep the bigger picture always in back of mind to create short frames!

Jay Strauss said...

TOMRROW is related to NOV 20th, 2008 Pivot low by FIBO 377 tr days

June 2nd Bradley is related to
Dec 1st, 2008,
a 700 pt Dow down day

the ACTUAL low is still expected on May28th, but June 2nd has some cautions, but the readings for may27& 28are more negative


testing 1050-1044 tomrrow should bring a strong rebound Mon & Tues
as the technicals are grossly oversold, AND can get more so

258bars HIT EXACTLY at 10:30 spx at 1078
30bars at 1pm
60bars at 3;30

would like to see late recovery and higher open to reshort

Jay

Reza said...

spx needs to be under 1092.07 at close for short

Jay Strauss said...

Astral
I need to be MORE DIRECT

as you already know, hedging is not my game, and Im sure my readers appreciate that

what was Wave 1 - may 3 to 7
is NOW
wave 3 May 13 to 21
Wave 4 May 24 & 25
wave 5 May 26 to 28
Jay

Reza said...

AS
Get out your longs by Wed

Anjali said...

Reza - I was thinking of closing today on a bonce to 1095 .... you were thinking Wed may 26 - can u share what you are seeing >

Reza said...

1135

Reza said...

AS
What stocks do u have

Reza said...

If it bounces from here 1135, it may change tomorrow

Anjali said...

Reza I am holding

USO jun 35 call - 35% underwater
USO Jun 39 calls -85% :(
AKS Jun 17 calls -65%

Reza said...

AS
Sent u email

Reza said...

uso should bounce from 32.11, may bounce to 33.5 next week
AKS still a falling knife next target 11.41, may bounce to 14 next week

Joe said...

Jay,
What targets you see for wave 3?

With 40 point rule, I am thinking 1100-40 = 1060?

Anjali said...

Reza - thanks for your email ...

Jay - nice call on 1090 - how did u calculate that ?

So u are looking at an open at 1100 tomm ... and drop to 1040-1050 ... big bounce early next week ?

Jay Strauss said...

Anjali
In a perfect world, that would be NICE

Jay

Jay Strauss said...

we are coming into the NEXT
bar cycle at 1pm

Jay

benjoyce said...

just came in

what's your recommendation?

I thought rally into late afternoon then drop big?

why short at tomorrows open since that is after the drop?

will is go up to 1090 or 1100?
thank you

rrman said...

out of faz and tza now in fas and tna

Jay Strauss said...

rrman
have you tried TYP & TYH ?
3 x techs

Benjoyce
GOT 10;30 bar cycle pivot
got 1pm Bar cycle pivot
next is 3;30, and possible close at 1090

Power index is UP after open
and higher in the AM, but drops back after

Jay

benjoyce said...

thank you Jay. I'll behave myself.

your a good man

Reza said...

Jay

Agree with TYP, TYH, DRN, DRV moves much faster than FAS/FAZ.

DRN & DRV if you know how to play it

Reza said...

DRV still have lots of juice left.

Reza said...

FAZ does not have much juice left

Reza said...

We need to close under 1092.07 for gap down

Reza said...

Jay,

Stick to original plan. SP 1056 bears will wake up, then we go long tomorrow