THE FUTURE

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

Tuesday, June 29, 2010

June 29th EKG

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.

3:35pm UPDATE
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
TODAY
39HOUR cycle at 10am combined with 30bars converge today at 10am
BOTH indicate a PIVOT LOW

ALSO
Review the WEEK in advance on the POWER INDEX & MORE page to get up to date.

more later
Jay

58 comments:

astro8 said...

Congrats Jay nice call. Your getting scary. haha

I still think my warning should hold or get penetrated a bit. Price likes to move back to the apex of a lot of triangles that form

Jay Strauss said...

astro8
not sure what you mean
Jay

rrman said...

out of /6e short at will short the pop

JUFU said...

Holding on to long hurt...ugh

astro8 said...

been watching this chart. we are breaking that warning line but can penatrate a bit

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p12742850540&a=155363609&r=7135

rrman said...

Helge's chart 5 is where we are going
http://www.cyclelt.com/INT.htm

AS said...

We went into the gap area for IWM so expecting move to 62 for gap fill ...

Rman - still holding TZA ,,, or have you closed all shorts ? What time are you expecting to enter again ?

benjoyce said...

rrman can you interpret helge's chart
Where we are going.

I'm lost

rrman said...

im still holding tza will get out in prehours our right at open tomorrow whichever is the quickest that will be the short term bottom 8am ish central i think

benjoyce said...

Buzz up! 0
Print
Anne D'Innocenzio, AP Retail Writer, On Tuesday June 29, 2010, 10:08 am
NEW YORK (AP) -- Americans, worried about jobs and the sluggish economic recovery, had another relapse in confidence, causing a widely watched barometer to tumble in June.

The Conference Board, a private research group based in New York, said Tuesday that its Consumer Confidence Index dropped almost 10 points to 52.9, down from the revised 62.7 in May. Economists surveyed by Thomson Reuters had been expecting the reading to dip slightly to 62.8

rrman said...

ben we pop at close up into 9pm central will be a nice pop short it hard! then down hard into 8-830 am Wed..,., cover everything then!
I will go long hard....
we will go up hard into July 6 or 7th
there will be some whipsaws but will hold tna/faz until that high helge shows july 5 market closed...

Jay Strauss said...

Im sticking with MY TIMING MODEL

WE GOT a LOW right at 10am on the COnsumer Confidence report

Now backing off some at 10:18
there not ready yet to rebound

give it a couple hours to flop around at this level near 9900
and spx 1050

60bars next at 12;30
and energy effect at noon

sold all shorts b4 10am

waiting to buy some longs

Jay

rrman said...

i agree Jay i just bough a small long /6e euro position

cementzak said...

rebound will start 10:28 instead of 10:00

AS said...

Jay - is the activity index showing move up coming ?

cementzak said...

there will be a rebound at some point - the question from what level will it start... who knows where we stop if 1040 support breaks

rrman said...

i'm showing a noon central high Jay your chart shows 230 central high of the pop?

Jay Strauss said...

Activity index is HOLDING steady at
the 200 level

Was at
133 at 7am
266 @ 8
now 200 @ 10:45am

From this point we can expect the rebound to hit a HIGH at 10am on JULy 1st , the NEXT 13 hour cycle
as per the POWER INDEX, then drop off for a moderate sell off on July 2nd

HOW HIGH IS HIGH??
That will have to wait to make sure we dont take out 1040 today which I dont expect it to do.

LOW today was 1042, SO we are now looking for support at this level

Jay

AS said...

Closed my TZA call for about 27% ... will reenter on a bounce ...

my concern is that Rman sees the low at 8.30 ... so not sure if we will get a chance to get our when mkt opens at a lower price....

Rman - will welcome your thoughts ....

Jay - are you also seeing weakness into tomorrow am .... ? Your daily read suggest that there may be issues ...

rrman said...

AS i think there should be no problem getting out around 8am central in premarket but if not 830 central should still be ok

Jay Strauss said...

AS
Yes there are issues tomrrow
However, as yuo LOOK at the POWER INDEX, we DO SEE a HIGh today and or TOMRROW AM, possibly at open to 10am

The 13day cycle is at 11am, thus we should see a pivot there, but it has also signaled weakness

Just follow the bouncing power index
It really holds the story this week

Jay

Jay Strauss said...

GO over to
LWAVERIDER

shows a breakDOWn from the ABCDE triangle TODAY is the THRUST LOW

IMO< bottom of wave 1
Wave 2 should start after retest tomrrow, and short term high on July 7th and or 8th as per the JULY energy graph

Please USE the DATA I presented for comparisons & to keep our heads on track

Jay

benjoyce said...

jay

if you see 1040 on spx break down will you go short? sell longs?

benjoyce said...

from red dragon leo site someone writes:

Nenner Cycles show a drop to 900 after this break.

Jay Strauss said...

Ben
breaking 1040 doesnt seem to be in the cars today as per ALL my publishing data

We got the LOW today AS EXPECTED
at 10 to 10:30

LOOK at the ROAD MAP as provided

If we do break 1040, I will most likely hold long for the rebound later next
week

note
Since we GOT what I projected, why would I look for anything different

Jay

Jay Strauss said...

spx 925 is a level that has been projected by some, and I agree with that, BUt the timing for such looks GOOD FOR LATE JULY

SEE the JULY Energy graph

Jay

AS said...

I mentioned that yest that we seemed to be in some kind of wave 3 of C in the close ... my opinion is that we completed the wave 3 of C with the low this am ... now we are in wave 4 .... then should see wave 5 down start and possibly into tomm morning ....

Hence Helge scenario is possible but we still need to see a bounce equal to what we have got from the low ...

Abdullah said...

rrman - are you saying you are holding into FAZ till 5 July? what is your target for FAZ? 17-18 possible by tommorow??? But how about 5 July what do you see the price trading at?

rrman said...

ok out of long /6e will go short shortly

Reza said...

Think monthly closing target on S&P is 1050

rrman said...

ok short /6e 1.2197 will hold until 2pm central

spratman said...

rrman,

What is "6e" that you're trading???

TIA

San said...

Dow Jones week chart with a broken rising wedge
http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-weekly-chart.html

rrman said...

EURO/USD (GLOBEX: 6E)
EUR/USD Futures

its similar to /es but its the euro 4050 dollars per contract lots of cheap leverage and it moves much better than /es

rrman said...

symbol is /6e

spratman said...

thank you rrman.

astro8 said...

trading on C was halted , circuit breakers halted trading may of been bad tick.

San said...

POSITIVE DIVERGENCE Shown in Dow futures chart with moving average oscilator
http://niftychartsandpatterns.blogspot.com/2010/06/positive-divergence-in-moving-average.html

Jay Strauss said...

If they DONT close well off the lows today, then TOMRROW could be a huge gap UP at open

Jay

astro8 said...

jay did you EKG today invert?

rrman said...

long /6e we should rally into the evening now pretty big 6 or 7 pm then down all night

Jay Strauss said...

astro8
It was a judgment call
I published an UPDATE at 3;30

BUT it wont COUNT for the score
and sets me back one to
68.75% daily accuracy

Thats an example of NOT being able to PIN POINT the close

I based the close today on the power index which is showing a BIG GAP UP, which NOW looks like it should be tomrrow, rather than today

They are improving some after that 3;30 dip to a lower low at
1037.50

IT does NOT change what the power index shows about the next 2 days
JULY 1st recovery high at 10am

Jay

AS said...

Left 50% profits on the table by closing the position too early near the 10.30 pivot ... made 27% - could have made 65% ..

Well ... will now wait for rman's gap down tomm to go long ...

What all are people watching to go long / short ?

Abdullah said...

sold 1/2 my position in FAZ.
added more to RIG.
new position VISN

rrman said...

faz 16.62 up 10.5 percent today tza 7.91 up 11.3 percent today we are near the bottom of this move get out of faz and tza at 0800 0830 tomorrow!!! then go long fas and tna

Jay Strauss said...

I added some DATA on the MAIN page under the SPX chart for today

BUy signals seem to have been generated on the INTERNALS

Power index shows GAP UP OPEN
And high on 1st at 10am= 13 hrs

SO far at 7:30pm, futures are not responding higher, but not crashing either

Jay

Jay Strauss said...

AS
hindsight is always perfect

I did the SAME thing

ASK my self

Would I have waited till 3;30 to close positions

I doubt it

Jay

rrman said...

out of longs went short /6e 1.2207

francois said...

I would have waited rrman...

hammer at 8am on 60 min chart and 8pm tells me it tests it's 50 period ema @ 122.45 or slightly higher

francois said...

I meant 10 am and 8 pm..
eur/usd dead cat bounce here

AS said...

Jay - that is true ... I have a tiny < 1K account, so play 1-2 calls / puts so comm eat a lot of my profits unless I play it right ...

Still 27% profit is better than BE or loss ... focus on the small steps ....

rrman said...

thx francois i may take some pain but i am going by Helge and he says timewise we go down ....but the fact the up wave was delayed a few hours may set this downwave back a few however....the trend is down so i am going to take the benefit of the doubt...

rrman said...

francois thanks for the heads up i got out looking at the chart i see the wave was delayed 4.5 hrs so adding that to 730 when it started means the 130 will be the top so ill wait and short the top hopefully at your 1.2245 level :-)

soybeans said...

Nice calls anyways.......Jay are you saying a lower low on Wednesday ?

benjoyce said...

rrman no plunge over night was this plunge delayed too. I remember you said cover shorts and go long 8-8:30 central time ??

rrman said...

good question Ben either this spike was the spike that helge showed early in the evening and it will come off completely with more or this is the upwave that he had scheduled for 830 am come early in which case we continue up from here all day with a down wave at close that will retrace most of this spike....

cementzak said...

let assume minor [3] started at the 1131 high - 1 of [3] in progress, yesterday in the middle of that wave - today wave 4 dead cat bounce. then back down to a new low. and from there a bigger bounce will take place probably somewhere next week. when that bounce is finished (a backtest of the broken channel @1070 or so) the real meltdown can start

Jay Strauss said...

GO to new thread
Jay