COUNT today's EKG in the YES column1pm was retreat low, and end of day did surge as suggested
Jay
Futures point to a higher open, duuhWill 10am be a high or a low??
At the 13 hour cycle
If a high, might be the HOD
And vice versa
bar cycles today
30b@ 10am
60b @ 12;30
90b@ 3pm
I suspect that 3pm might offer the TURN of the day,
since tomrrow still calls for a productive, energetic & harmonic day
will the AM of 17th turn in the High of the Month as per the power index.
other analysts seem to agree with that outlook, and my daily reading.
Jay
22 comments:
I think we just made HOD I just got out of long and went short /6e think we go down most of day with rally beginning right before close and running until around midnight...if this is the case the next upwave should end around open tomorrow and be weaker than this spike happening now....still on for a nice low Wed ending right after close
$cpci (index put/call ratio) smart money is buying puts indicates sharp drop
http://stockcharts.com/h-sc/ui?s=$cpci
Monday, June 14, 2010
Brief Update
The first thing I want to point out tonight is the $CPCI will be looking to go 5 for 5 in signaling short term swing tops over the past few months. I circled the readings near the 2.0 mark and showed how each instance was followed by significant weakness over the following 2 to 5 sessions. The smart money was loading up on index puts today and the ratio is once again in the range that we can expect prices to reverse and head lower...
http://www.patternprofits.net/2010/06/weekly-wr...
JUFU,
welcome aboard
The source of my EKG & power index, etc will remain MY SECRET
This is the ONLY place in this ENTIRE WORLD where it is published
the POWER INDEX is a 5 to 7 day advance look at energy which I compare to planetary energy for the week + the daily readings to get a handle on what to reasonably expect
the EKG comes to me complete for the day at about midnite, but I publish it at 8:30am to incorporate the AM futures.
EKG is a CONTINUOUS STREAM of data thus the AM futures help to pinpoint the open direction.
The close is more difficult, but I think Im getting better at it
Jay
rrman
please specify if yuor writing about the spx or Euro
thanks
Jay
Benjoyce
I keep track and record each day the
PC ratios which yesterday closed very BULLISH
SPDR =2.84
SPX 500 =1.84
Jaywiz =index 2.87
OEX =1.20
All the above are BULLISH readings
Jay
rrman what technique do you use? I can't just go with your recommendation out of fueling an ego trip!!
Kyle Graft If you want to go short the market right at open 830 would be a good time to buy an inverse etf like tza or faz and sell wed at close
Ben Helge is what i'm going by first chart ok Jay but it really doesnt matter euro or /es they seem to be moving together although the /es is acting weaker on this spike than the euro this morning
http://www.cyclelt.com/INT.htm
Helge
Chart 1B seems to have the SAME direction as the EKG today
Have to be careful with HELGE as sometimes there is overlap & or lack of
in other words, ITS NOT EXACT, but the FLOW of direction is usually Excellent
rrman
what is the relationship
of the Euro to the SPX?
Are they on the same track or inverse???
Jay
they are both moving on inverse of the /dx so they are moving in tandem
OK
EURO & SPX in TANDEM
BOTH Inverse to the DOLLAR
thanks for clarification
I knew that, but I wanted to make sure our readers are aware of that also
Jay
Well the /6e hit 1.23 again but failed to break thru but the /es was weak we should bang up against the top of the trendline at open again tomorrow but it looks even weaker...so I guess the big down Wed will be to draw in shorts to get some fuel to break thru ...Helge is showing we break thru on Friday to the upside...
Thanks RR & Jay.
The only descrepency is that RR is looking for a pretty big drop into tomorrow's close, while Jay is looking for a big spike ...
OBV did NOT keep up with the mkt
OPEN rally, and the MACD blue line rolled over the red line
Jay
JUFU
as I mentioned, HELGE cannot be USED EXACTLY as published
THE FLOW of direction is good, but NOT exact TIMES
is that clear??
Jay
thanks for clarification.
Jay, was 10 am HOD?
Madabout
IT look like 10am MAY have been the hod
But the close should make a strong
comeback after a 1pm or 3pm low
Jay
I am watching for a pivot down to start near 11:30 EST ending 15:30 EST.
I have tracked the Index P/C for years. It is essentially a hedging index so high Put/Call ratios are market bullish and low Put/Call ratios are market bearish. Think hedge, not buying options for profit.
HI KC
Agree on PC ratios
also tracked for years
11am seemed to bring in TYPICAL
DAILY turn lower
12:30 is 60bars and might offer a short term low, then 90 bars @ 3pm
HAte to BUY long when they are Up 100 pts, so waiting till later for OPP.
yesterday's close was probably a very good buy opp, but I was out of the office.
1090- 1094 would be a great price to get in at, but we might not get that low today
Jay
Jay
Pretty much agree.
Longer term I now have the trend up until 8/2 but for today thinking 10-15 SPX points down before an end of day reversal back up.
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