Market did NOT follow the EKG into the close so we cannot count this as a yes, as it was good forpartial positive, and it is still at 67%
Both Ths & Fri's reads were EXACTLY correct, but did bears pay attention - NO,
So intent on driving the market down, they forget to follow instead of trying to lead.
Jay
Sorry for the delay - had important things to take care off this AMreminder
39hrs at 10am
13 day cycle at 11am which the last 2 did NOT perform as pivots till the next day
May5th at 11am - next day FLASH Crash
May 24th at 11am- next day low at 1041 at 39 hrs -10am
Bar pivots today
126b @ open as unfolded today
150b @ 11;30
180b@ 2pm
204B @ 4pm
more later
Jay
28 comments:
SO FAR SO GOOD
Got 126bar open LOW
NOW we are getting 10am- 39 hour REBOUND, then we really should expect the rest of the day lower
Jay
was missing you already...
Dow jones hidden negative divergence
http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-hidden-negative-divergence-in.html
3.5 mill TZA purchased last 5 mins
Jay
I think down from here until Tue am
Reza
Make that Monday AM possible LOW
IF SO, Monday AM would make a GREAT BUY OPP
Huge rally Late Monday & Tuesday
Tuesday June15th Reading
JUST LIKE JUNE10th
SUCCESS
Optimism
Fortunate
SOO, imo,
EXPECT A REALLY STRONG DAY
TOP of WAVE 4, and get ready for the REAL WAVE 5 to take out spx 1000
SEE the JUNE graph
Jay
Helge's first chart in his complicated series shows a low end of day today
204bars hits at 4pm, and or open Monday
Today's open was on 126bars
add 78 bars for one day = 204
IF a low occurs at close today, then
Monday might not open lower or only slightly or flat
Either way, IMO would still offer a strong BUY OPP
Jay
Reza
Is mahendra still berish ?can you give some input?
Jay Helge had down day all day yesterday and invert . do you think by tuesday 1100 spx or more?
Thanks for great work is really good work and thanks for sharing .
mahendra did not say much. He said buy $, coffee & sugar
Reza
Thanks need to break today low to turn berish
ckp
We should be nearing a turn lower
Activity index was
266 at 9am
300 @ 10am
233 @ non
NOW at 100 at 1;30
Jay
well Helge's up wave didnt come early its right on time
looks like it will be a green close
no
jay!
You are DA MAN
http://www.traders-talk.com/mb2/index.php?showtopic=120572&st=0&p=528401&#entry528401
Jay,
How do you interpret this close?
Thanks,
shake & bake
yep Ricky they are shaking everyone out looks like we drop after unlock sunday until around 6 or 7 pm then huge ramp until 10 or 11pm then big drop for gap down monday ....Monday should be a big up day....they are going to run everyones stops sunday night with this down up down big moves
Dow jones end of day analysis
http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-end-of-day-analysis_12.html
Have a good weekend Jay
Cramer said top of market 10500, down to 9700, range bound. But I think based on EPS, top is 10700-10800 area
Jay, based on your rebound,are we looking at Dow 10700-800 or max 10500
Made a mistake on my count
Cramer said top of market 10500, down to 9700, range bound. But I think based on EPS, top is 10700-10800 area
Actually EPS its 10416. Prev top 11200 - 7%= 10416
IYR - has $1 more to go
QQQQ - has $ 1 more to go
Rman - can you share what you are seeing for next week based on H's chart ?
Jay - pls could you share the reading for next week as well as daily power index
Thanks a lot guys and have a great weekend !!
AS
the info & data I put out does NOT come easily, and requires much study & analysis
If no one is paying attention, then why should i bother to publish my findings?
for example
Thursday called for SUCCESS
Friday called for STEADY improvement after an early disagreement
BOTH WERE SPOT ON
and so was the original weekly power index
Jay
Jay - I think everyone here recognizes the value of the information you share .. that is why comment count has been steadily increasing too :)
I am more of a swing trader - 2 to 4 days ... so the intraday values are not used for scalps, but I am slowly learning how to use the info you share to build expectations / watch for the cycles to time entries ...
Your work is greatly appreciated
What I have seen - so far in past month, is when your reading and Helge matches, it gives almost 80-85% accuracy for direction ...
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