As we can plainly see the Second chart was obviously more in tune with todays market
but I will NOT count this one as a positive , thus we now are back to 68.75% accuracy
NOTE of IMPORTANCE
the ACTIVITY index AFTER HOURS jumped up to 466, indicating HIGH energy.
it was languishing ALL day at the 200 to 266 level.
ARMS INDEX was a huge 5.97, pushing the 5 day to a BUY @ 2526
& 5 day trin to a buy at 1263 with 10day up to 2092
Those values on June21st SELL were
97.6 - 488 & 1072 respectively
You can see huge differences which generally signal a
short term buy such as the one on June4th
& we watched the spx run from 1064 to 1120 in 7days.
The LAST LEG DOWN, IMO, was supposed to happen AFTER close today,
but its occurring right now at 3;30, dow at 9853
The PREMISE of the 39hr cycle low at 10;30 @ 9855SHOULD
mean that would be the lowest point of the day
theres 30 minutes to go, and 3;30 made a lower low at 9838
That might qualify for 90 bars due at 3pm
we''ll see what the close brings in a few minutes
Just as I suggested and The EKG showed late yesterday,
the LATE SELL off continues into this AM
Consumer confidence at 10am & Investor confidence also
Just as the POWER index revealed, we are on schedule for a LOW at the 10am/ 39HOUR cycle
and a recovery making a high probably after 3;30
Yesterday's PC ratios were OVERWHELMINGLY BEARISH
Except the Jaywiz index at .70, moderately bullish
FOR THOSE JUST TUNING in over here
I posted cycles on the main page
39HOUR cycle at 10am combined with 30bars converge today at 10am
BOTH indicate a PIVOT LOW
Review the WEEK in advance on the POWER INDEX & MORE page to get up to date.