THE FUTURE

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

Tuesday, June 15, 2010

Power INDEX UPDATE -wk of June18

From BINVE public charts
COUNT THE WAVES
June8th Low to mid day June 9
June 9th drop off = wave 2
June 10th to 14 at 11am = wave 3
June 14th close = wave 4
NOW IN WAVE 5 SURGE to 1130, or more
ALL counts as an X wave against the main downtrend off May 25th low
HIGH STILL EXPECTED on JUNE17th at 10am to 11am

Jay

more later
Jay

26 comments:

r135rr said...

Jay I think he messed up the 1b chart it doesnt match up with the rest and it changed when he updated the dow chart on top of it a bit ago..

Jay Strauss said...

Helge's DIRECTION is great, but Its hard for them PINPOINT exact times or even days as they produce those charts too far in advance.

There are Others who do that FAR in ADVANCE & I
also have a similar problem using their charts which are published

thats why I like the power index which is more current- 5 day view & EKG = NEXT day view

Jay

cementzak said...

the high will come today OR tomorrow, then rest of the month DOWN. JULY will be a rally (counter). the meltdown will start late july/early AUGUST. does that fit yr readings, Jay?

Jay Strauss said...

Cementzak
DAMN close enuf for now
thanks
Jay

Jay Strauss said...

They are NOT backing off at NOON
but that might be the second hump on
the EKG

Which makes 3pm at 90bars more likely to offer a buy in low

Jay

cementzak said...

dunno Jay, but last push that you expect might come premarket... on the SPX the push looks complete with a new high

Reza said...

Think they are still targeting 1103.5 ES bear stop

rrman said...

I think we made the high in the Euro at 1130 until friday at least

rrman said...

talk on another blog that the Swiss are intervening on the Euro they really pulled the stops out today the really want to move it up a point a day so far its worked but intervention when it stops caused a mess

Reza said...

BBY down more than 20% from top. Earnings 36c versus 50+ forecasted.

Reza said...

ES bear stops taken at 1103.50, now what?

rrman said...

down

rrman said...

down

Reza said...

rrman

What they are doing is bull & bear stops. Now bulls stops are at 1080 area, then 1060 area,

Reza said...

Best Buy profits down, housing stats fell of the cliff,

San said...

Dow jones Breaks out shown in hourchart. The hour should close above the horizontal line for bullishness to sustain
http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-breaks-out.html

Reza said...

TZA & DRV looks very good

benjoyce said...

market didn't go down. Where is everybody?

rrman said...

the waves have all been delayed lately Ben

Giovanni said...

hello Jay I follow your great work from Italy, I'm your biggest fan, tell me your vision a bit long, because I'm confused, do you think is going to start one of three 3-Elliott and see that at least the end of June? What target price? Exclude new highs for the S & P? I use software that calculates the range of indices on different time frames, I like 1115 and 1066 as max min. monthly.
Thanks for your kind attention that yu may dedicate to me
Giovanni

Jay Strauss said...

Giovanni
WELCOME
HIGH on JUNE17th at 10am to 11am

Jay

AS said...

Bought TZA July 7 calls into the close

AS said...

Something to keep in mind for Opex ... I read this somewhere ... but it seems that lots of OI on SPX 1100 calls and SPY 108.5 ... so Fuji was predictin a touch of 1100 on Friday morning with close on Friday at 108.5 SPY ... this was 3-4 days ago ...

rrman said...

took out the bear stops and got them their margin calls today ...tomorrow we gap down and do the same for the bulls big bull trap...op ex games so now one will make money on options

Reza said...

I think so rrman

Kc135a said...

FWIW during up OPEX weeks there has been a strong tendency for a modest sell off developing late Thursday into a Friday bottom and then back up the following Monday.

Pretty well fits Jay's chart.

KC