EKG did NOT reflect the LATE rallyLOW 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 9amYesterday'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:
Dow is showing positive divergence in hourly chart
http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-positive-divergence-in-hourly.html
Activity index WAS at 266 at 7am, but now at 10am is holding at 100
Ekg shows rally mid day
Jay
yeah i agree jay midday to midnight big up wave then reverse and huge down similar to last night but bigger
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
But what about the sell off in the After noon?? is that still in effect?
not today
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
Dow jones pennant that can take it pass 9900
http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-pennant-formation.html
did anyone ELSE short the 1pm HIGH today??
lYes
crazy to go long in this market. leader nasdaq looking very weak. every bounce should be shorted until further notice
sincerely,
CEMENTZAK
good deal snoopy
Cementzak
shorting is ONLY good thru tomrrow
If youve been following this blog, you would KNOW that.
Jay
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
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
looks like a swing bottom is in that will have most fooled
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
Hate to go against the grain but I have a gap up opening tomorrow with a very large 25-30 point intra day drop.
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
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.
hang on we rally until midnight then Jays big down wave
Gap UP huge tomorrow
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
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.
KC - can you share what you look for a gap and crap lineup the next day ... and what you are seeing for tomm ?
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