156bars @ 3pm seems to have hit a low18th is an 8 day low, making the 19th an 8day turn
Updated EKG for May 18th as of 8am now shows strength in the morningwith 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 - Tuesdayand it also looks like the open should start lower concurring with that 90 bar cycle @ open
Jay
34 comments:
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
the last post buddy said was hold shorts until market is 20% down
rrman
u short. any updates from Helge
i'm long /dx so yeah short Helge is saying thurs will be bottom then up for several weeks
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
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
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 ?
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 :)
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
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
Jay - thanks for your quick reply ... so that is why wondering why you want to go short for tomorrow ...
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.
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
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...
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
Today was supposedly a big up day, but just not behaving like one .... :(
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
Jay
U looking at 1090 now
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
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
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
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
rrman & Jay
Does it look like gap up tomorrow
Its hard to tell Reza we could go down more tonight but the opportunity to get out of stocks will be before close IMO
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
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
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
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.
Futures down. Any thoughts anyone.
Options says 118 on Friday
http://evilspeculator.com/wp-content/uploads/2010/05/2010-05-18_Zero.png
Markets ugly even after hours. Tomorrow may see short covering in Europe on naked short selling ban. Could push all markets up.
yep Ab i agree that short covering can be wicked market opens at 2am central bet it starts then
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
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
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