THE FUTURE

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

Monday, May 17, 2010

Preliminary EKG - May 18th

156bars @ 3pm seems to have hit a low
18th is an 8 day low, making the 19th an 8day turn

Updated EKG for May 18th as of 8am now shows strength in the morning
with possible minor setback 11am to noon
It also looks like they might not close on the high today, but they certainly dont look
like anything serious is happening today,
BUT
that does NOT preclude what I expect for Tomorrow, Wed May 19th
IMO, the big question becomes - do I get short at close today or wait for Wed open?
the Prelim EKG does concur with the prior call for a winning day - Tuesday

and it also looks like the open should start lower concurring with that 90 bar cycle @ open

Jay

34 comments:

rrman said...

back from a week off Reza whats our buddy saying? Looks like to me Thursday may be the bottom then a month of up up up

Reza said...

the last post buddy said was hold shorts until market is 20% down

Reza said...

rrman

u short. any updates from Helge

rrman said...

i'm long /dx so yeah short Helge is saying thurs will be bottom then up for several weeks

Jay Strauss said...

thanks Guys
Ive got Thursday on schedule for
a large decline

the energy and the reading both call for a wild emotional day, with UNCERTAINTY the villain

Jay

AS said...

Rman - how are you getting Thur as a bottom ...

Looking at these charts it seems that Thur will be the top ... is the forecast working inverted ?

http://www.cyclelt.com/INT.htm

AS said...

Jay - how does it look for the Thursday vs today comparison ... does Thur seem to be a higher day ?

Also, for tommorrow, are you expecting a major fall ?

AS said...

Jay - has there been a change to the power index ... my understanding was up today, roller coaster tomm, up Thur down Friday ....

is that still how you are seeing it ?

Thanks a ton for sharing your work :)

rrman said...

AS I look at chart 1, 4, 13, 14 all show around thurs as a low then we begin an up channel
http://www.cyclelt.com/INT.htm

Jay Strauss said...

As
power index has not changed

whats fascinating about it
still shows a huge rebound NOW on the 20th
& it looks better than any rebound today which NOW appears to have only marginal value for the bulls

21st should start out on the pos side, but can settle back some by days end

Jay

AS said...

Jay - thanks for your quick reply ... so that is why wondering why you want to go short for tomorrow ...

after8 said...

all i know is some big move should occur in early june,if its down,its possible we can spend the next couple of weeks rallying or just rangebound.tough to know,what with expiry and everything else goin on.if we could get back up to 1180+ it would be a fantastic shorting oppurtunity.playing it day by day until some resolution develops.

rrman said...

Helge long term says halfway back rally until around the 8th of June then test the lows again until June 18th or so then rally rally rally into July
http://www.cyclelt.com/SE.htm

after8 said...

i think helge could be right for the next few weeks,but he seems to favour upside into august,which would seriously surprise me! odds must be very good the top being in already...

rrman said...

I see he says a retest of the highs in early July it fails then basically down all summer into our normal fall low thats fairly normal ...halfway back then retest lows then back to the top to retest highs then down to retest the low again in the fall....sounds like we're back to the normal moves after all the pumping that blocked the normal market

AS said...

Today was supposedly a big up day, but just not behaving like one .... :(

Jay Strauss said...

As
I mentioned that this MORNING

However, take the low at noon yesterday at 1115 to a high of 1149 at 9:45am today as WAVE 'a'
NOW in wave "b", looking for wave 'c' of 2 to complete at close today
should be at 1149 or higher

DO SOME fibo MATH
105pts lost

105X 38.2%= 40 + 1115 = 1155
good shot for todays close


good support today from High energy forces which occur after the close so the effect is somewhat muted

BUT still showing a rebound of 40 spx pts- not a moon shot, but still quite good

Jay

Reza said...

Jay

U looking at 1090 now

Reza said...

Sundancer posted this yesterday

attention to detail is imperative
5.7.2010 was the trading day before 5.10.2010 pre-market... LOL
Where it says pre-market last it shows 115.72

The operators dropped a clue @ the end of the day
Had it not been for the late day rally $SPX would have had 3 consecutive lower closes than opens on the daily

This will help give some more clues
1219.8 Local Min Value
-3.14% 1181.50
-6.28% 1143.20
-9.42% 1104.89
-12.56% 1066.59
(note the 5.6.2010 Low came @ 1065.79)

From last fridays close
1135.68 Local Min Value
-3.14% 1100.02
-6.28% 1064.36
-9.42% 1028.70
-12.56% 993.04

rrman said...

need to get out of shorts this afternoon we will have a huge up day tomorrow then we reshort for the big down day thursday

Jay Strauss said...

activity index was

100 at 3am
366 at 7am
266 at 9am
200 at 11am
100 at 1pm
133 now since 2pm

120bars hit at noon
156bars hit at 3pm

struggle to hold at 1118

Yes Reza , 1090 is BREAK point
at 200 day line

1220 - 120 = 1100

tomrrow STILL calling for ROLLER COASTER , uncertainty & challenges

Jay

Jay Strauss said...

tomrrow COULD
start with a rally at open

and the propensity index
seems to agree from 2004 at close today to 3006 at open, but I dont have anything beyond that yet.

power index opens at 400 and drops to 300 afterward

I still dont see 3 waves off Mondays NOON low

Jay

Reza said...

rrman & Jay

Does it look like gap up tomorrow

rrman said...

Its hard to tell Reza we could go down more tonight but the opportunity to get out of stocks will be before close IMO

rrman said...

out of my shorts flat we should have a big rally on the Europe news tonight and tomorrow I want to be in position to short tomorrow for the big drop thursday

Jay Strauss said...

reza
does it look like 3pm made a low and 3:30 HELD, thus the open "SHOULD" be Up

but Most other data says DOWN into Thsday morning

UNEXPECTED MISUNDERSTANDINGS

Jay

Jay Strauss said...

The MAIN negative influences
TOMRROW are LATE afternoon

2;15pm, and more so at 3;41pm
which gives the mkt PLENTY OF ROOM
to move higher in the morning on that "c" wave, which in bear mkts can be powerful

Jay

Reza said...

Since Dow closed under 10518,it wants to go to 10469 if it fails then 10200 - 9969. XLF closed under 14.93, so its a short for tomorrow.
QQQQ is still in short mode

I am confused about tomorrow's gap.

Reza said...

Futures down. Any thoughts anyone.
Options says 118 on Friday

Reza said...

http://evilspeculator.com/wp-content/uploads/2010/05/2010-05-18_Zero.png

Abdullah said...

Markets ugly even after hours. Tomorrow may see short covering in Europe on naked short selling ban. Could push all markets up.

rrman said...

yep Ab i agree that short covering can be wicked market opens at 2am central bet it starts then

Reza said...

Dear Members,

Finally Mars playing predictable role in world financial market and this was the only reason we kept warning investors that anything is possible until 27 May 2010.

Another six horror trading days are left for currencies, commodity and stock markets. Don’t try to find out bottom in oil, don’t to buy euro thinking that it has fallen too much and now it could bounce back, don’t think that Australian and Canadian has nothing to do with EU, don’t think that now stocks will bounce back and don’t remain over confidence on gold and silver because against the war of Mars nothing can survive.

In the last two week everything happened as planet guided us, all major currencies went down sharply against USD, base metals fell like there is no tomorrow. Look at Platinum, palladium and copper, today they are down more than seven percent. Other base metals are suffering loses heavily.

Stock prices and indexes are having free fall. Recommended ETF’s are making money, and still lot is pending there.

I am sure you must be remembering our statement, “Mars can give huge and can take back everything in few days, and we kept reminding this in our newsletter and Flashnews. It will be very difficult for those who are currently on wrong side of trade, or those who ignored warning of “wave of nature”.

Europe is under threat, EU is ready to collapse and EURO as currencies loosing status as well value. Our warning is very much on, because worst time is still pending for EU and euro. Move your assets in USD, buy coffee and corn on weakness.

In this week newsletter we have mentioned that Euro may find bottom around 1.1850, and major crash in Australian, Canadian is on the way and on other hand dollar index is toward 90.20.

DON’T TRY TO FIND OUT BOTTOM IN ANY MARKET UNTIL 27 MAY 2010. STAY WITH USD AND FEW ETFS.

Wait for our next update which will be soon.

Thanks & God Bless

Mahendra Sharma

Jay Strauss said...

Reza,
up 10 to 20 pts by 11am, then 1090
is very possible today at close.
I will be publishing the EKG shortly

Mahendra data of MAY 27th very important pivot low

31st closed
Bradley turn - June 1st or 2nd quick uptrend to mid month

Jay