THE FUTURE

THE FUTURE
DO YOU WANT TO SEE THE NEXT BREXIT in ADVANCE ?

Tuesday, June 08, 2010

June 8th EKG

EKG did NOT reflect the LATE rally
LOW was MADE exactly on 204bars at 2pm
Activity index ALSO did NOT reflect the actual market, but did concur with the ekg
The READING for the day did imply TESTING the waters could lead to a POSITIVE DAY
count this one as a no go, but we are still at 67%

Open higher as suspected and futures indicate at 9am

Yesterday's close hit right on 150bars

Today's cycles
156bars @ 10:00
180bars @ noon
204b@ 2pm

78.6%/13 day at 12;25pm

high energy at noon to 1pm

Oil indicating continued weakness

Jay

24 comments:

San said...

Dow is showing positive divergence in hourly chart
http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-positive-divergence-in-hourly.html

Jay Strauss said...

Activity index WAS at 266 at 7am, but now at 10am is holding at 100

Ekg shows rally mid day

Jay

rrman said...

yeah i agree jay midday to midnight big up wave then reverse and huge down similar to last night but bigger

rrman said...

TNA is on the bottom of the channel it has been traveling in since may 6th should bounce off the bottom and run to the top think i will buy some in my ira around noon central

benjoyce said...

But what about the sell off in the After noon?? is that still in effect?

rrman said...

not today

Jay Strauss said...

Benjoice,
Today's sell off may only end the day with no gain, or a minor loss.
BUT tomorrw promises to be lower
Will cnofirm with PRELIm EKG later today

Jay

San said...

Dow jones pennant that can take it pass 9900
http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-pennant-formation.html

Jay Strauss said...

did anyone ELSE short the 1pm HIGH today??

snoopy said...

lYes

cementzak said...

crazy to go long in this market. leader nasdaq looking very weak. every bounce should be shorted until further notice

sincerely,
CEMENTZAK

Jay Strauss said...

good deal snoopy

Cementzak
shorting is ONLY good thru tomrrow
If youve been following this blog, you would KNOW that.

Jay

rrman said...

this should be the low for today we should rally up until midnight then huge down wave to Jay's low tomorrow
looks like low will be at open then rally all day

snoopy said...

csiwallstreet has a interesting site--He has made some great calls for timing and price the past few years--Current analog has posibilities--of MAJOR CRASH by June 18--FWI

RickyBobby said...

looks like a swing bottom is in that will have most fooled

Jay Strauss said...

SOrry SNOOPY
Crash BEFORe June18 AINt
GONNA HAPPEN

A lower day tomrrow should hold 1009
that's not a crash

If youve been reading this blog, you would KNOW THAT

Jay

Kc135a said...

Hate to go against the grain but I have a gap up opening tomorrow with a very large 25-30 point intra day drop.

Jay Strauss said...

KC
that possible for sure
26 hours at 10am -Might be higher

but
228bars at 4pm today must hit to take it lower at the close,
OR
OPEN within the first 5 or 10 minutes
Jay
REVERSE OF Today in first 30 minutes = similar to monday

Kc135a said...

I could be wrong and it would not be the first time but I have never seen soooo many ducks line up for a gap and crap tomorrow.

rrman said...

hang on we rally until midnight then Jays big down wave

RickyBobby said...

Gap UP huge tomorrow

Jay Strauss said...

KC
Your reading for a strong OPEn may have already happened today

thus we should see my 228bars open LOWER, and 10am rebound should be hod, but imo, not much higher

tomrrow's reading calls for opposite of today

Jay

Red Dragon Leo said...

Jay,

I was expecting today to sell off too, but it's looks like it's going to be tomorrow. After that, I also expect a 3-5 rally, then more selling.

AS said...

KC - can you share what you look for a gap and crap lineup the next day ... and what you are seeing for tomm ?