THE FUTURE

THE FUTURE
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Thursday, June 10, 2010

JUNE 10th EKG

Score another success for the EKG

Futures indicate at 8am a STRONG open just as promised

Activity index was at 100 at midnite, rose to 300 at 7am, now hanging tough at 200
Power index shows today in recovery mode, but TOMRROW closing at a low
Yesterday's EKG = 100 % accurate for the day
and 66% over last 3 months since inception on March 9th

today's HIGH might occur at a high energy point at 2:33pm today

Bar cycles pivots today
60b@ 10:30
90b@ 1pm
126b @ 4pm

The 126b @ 4pm MIGHT JUST HIT AT OPEN tomrrow
as the EKG for tomrrow DOES show a SHARP retreat at open which COINCIDES with
Neg energy right at 9:28am

Given today will be a superb day on wall st,
lets RE Examine TOMRROW
which Ive got to admit has been confusing for me

IF Friday OPENS DOWN BIG TIME - 200 + pts,
then its possible it might just recover slowly during the day
&
IF Friday opens down 50 pts, then it might just continue to slip away during the day
However,
Ive been Expecting spx 1040 as a CLOSING value, but we have not seen that happen, YET.
and its beginning to look like we wont see it this week

Heres the cycle DATA
***Friday at 10am = 39hours cycle***
Friday ALSO has VERY negative ENERGY right at OPEN, so we NEED to SEE what 10am brings
IF 10am = a LOD, then the day should recover
However,
IF 10 am a HOD, then the day should slip away to possibly 1040-1050

8:30am jobless claims =NO effect on futures

43 comments:

Jay Strauss said...

Paul,
If you havent logged in
as a follower, please do so.

I would like to get to 200 members this year

My EKG instituted on March 9th has been 66% successful

And the tools I have been able to add are allowing greater accuracy
which I know helps me as well as my members

thanks
Jay

Kc135a said...

Messy for the next two days, isn't it?

My methods showed either a big up or big down today on the open. Since the up pattern is in play Friday would be down but not down big.

Still in limbo so I am in day trade scalp mode until this clears up.

AS said...

Reza - can you share what you are seeing - on another site ...

Reza
It does not give anything for crash. Until last month, their forecast was 1300 by summer, now it is off the table. now its 1180 in 3mos Retest high at end of year

Reza said...

AS
email

Reza said...

AS
That is inline with rrman mentioned

hannahzzz said...

Please share all thoughts Reza. :O)

hannahzzz said...

Jay or anyone. Any thoughts based on your research on whether this is a good buy time to gold?

Reza said...

hanna

just follow rrman's trades and you will be fine

Reza said...

Hanna
Whatever they are currently doing is short or long but unloading around 1050 area. Short from whatever and cover around 1050 area and long from 1050 and take it up wherever.

San said...

SP 500 has not managed to get out of the channel

http://niftychartsandpatterns.blogspot.com/2010/06/sp-500-still-inside-channel.html

RickyBobby said...

"follow rrman? & everything will be ok??"


now that's sage advice. no offence to rrman.

RickyBobby said...

where's the lower lows u guys were talking about (jay excluded and myself ocourse)

missed the bottom again?

RickyBobby said...

gift from god?

which god were u referring to.

satan?

rotflmao.

all in fun guys.

rrman said...

ok guys the days not over

Reza said...

Ricky
We are here to share ideas
not make fun of each other

rrman said...

yesterdays down wave was late but still showed up I'm expecting the same today

RickyBobby said...

you're right Reza.

we're all traders here.

...and all input is welcomed and encouraged.

RickyBobby said...

one last point...

we're not helping each other by encouraging others to be followers.

you don't become a better trader by trying to follow someone else. U stop searching for truth otherwise.

As traders we must hone our objectivity. This isn't church.

rrman said...

one thing i've noticed since trading the Euro is that a lot of times it telegraphs a coming big wave with a big move not far in advance that seems kind of out of the blue and then that wave corrects and it finishes the pattern whether up or down.....since the /es is following the euro now it might relate ...if thats the case and we get the down wave today and tonight i see coming then the reversal late tonight or tomorrow will be pretty violent to the upside...Helge is showing the reversal around 3am in the morning around Europe open...we are moving from a down channel to an up channel and I have seen these waves come early so it might come earlier tonight.....

Reza said...

rrman

Agree, GS is telling something

Also, all this time GS was telling long the euro, short the dollar. yesterday, they changed their forecast to 1.15

rrman said...

yes i have GS up on one of my monitors they have tried to rally it twice and both failed its been down all day I tended to discount it some because of the new investigation announced but it still is something to think about it usually leads

Reza said...

rrman

Something with AAPL today, a complaint from GOOG but stock is up so far

Jay Strauss said...

thanks for logging in & welcome

We got a high at 10am out of sync with 39 hrs STILL but usual & customary at 10am on 33.5 hours for what its worth

More important, 90 bars did hit at
1pm & holding steady above that low point.

tradeable high, IMO at 2;33 energy spike, leading to a lower close & sharply lower open

Jay

rrman said...

thanks Jay sounds good

BKLNYC said...

Jay,

When you say that today could end with a lower close, do you mean off of highs or more like at LOD? Thanks, great stuff here!

Jay Strauss said...

BKLNYC
OFF The HIGH, of course
Im not that crazy, not yet anyway
gg

I'll try to be more articulate next time

Jay

rrman said...

Jay thanks for the heads up on the pop played it good per your info

AS said...

Jay - from a overnight swing perspective you are still looking for low tomm am and then a spike into next 16/17 - is that right ?

So go long on low tomm hold into 16 ?

RickyBobby said...

relaxing up day today. All bull and no b.s.

lol

RickyBobby said...

more upside left. larger cycles about to trigger buys. maybe a little weakness first and probably gap up tomorrow.

RickyBobby said...

my work is definitely corroborating jays work.

Abdullah said...

This is no time to get really brave. Yeah we're up 260, but why? Did anything change from yesterday? No. So... we need to be really really careful.

Abdullah said...

MON 7 - DOWN = *YES
TUE 8 - UP = *YES
WED 9 - DOWN = *YES
THU 10 - UP = *so far so good
FRI 11 - POP
14-17 June - HIGH
18 June - CRASH

*Jay - nice call!

RickyBobby said...

why?

because my technical indicators said so.

if your answer is based on news, fundamentals or the FED boogie man, then u better be afraid.

how do u trade the boogie man? u have better luck in las vegas.

RickyBobby said...

u reduce or diminish "fear" greatly by knowing wtf you're doing!

u don't have to be a hero. just knowledgable and experienced.

RickyBobby said...

shake & bake

Reza said...

AS-

14th could be the high

rrman said...

good call Ricky

RickyBobby said...

DOW 10172.53

shake & bake

lol

RickyBobby said...

rrman

thanks and your work is greatly appreciated.

All pure traders here.

Jays EKG is inspiring.

rrman said...

i am showing we should make the low of the night around 3am central they may take it down back to the open levels and then run it back up into the open not sure it will go that low but we'll see..if they do it will keep folk that are short stocks or etf's from getting out only futures will work..

rrman said...

looks like they are just going to chop around all night to unload the oversold indicators to make way for more rally after europe opens and all day tommorrow

rrman said...

overbought indicators i meant to say