Just bought more shorts! here
EKG for today looking good so far Jay.Any update on the expected time for the high point on the EKG?Thanks
Adding shorts here too! @11:30
RickyBobby,I would think they ramp us up into lunch and hold us there until the afternoon before taking it later in the day. Jay's EKG could play out perfectly.
If the theory holds true, we'll get red later today and possibly into tomorrow. Then we should see them rally the troops, circle the wagons and push us higher, basically "burning" the shorts. If I'm right that would last most of the week.
alesundpossibly, but I can't see a significant ramp up because it would trigger a larger cycle up and my version of Jay's 13 day cycle has not bottomed yet and is about to ramp down. I don't want to be long when that crosses down.
ES 1057 important support level, just connect previous lowscementzak
Ricky Bobby,When does your 13 day cycle bottom if you don't mind?Thanks
Let me guess... it's 13 days from July 15th right? I think so too btw
AlesundIt's an oscillator I use, so I can't say when with minute accuracy. I just know visually when the minumin decline has been achieved. Aside from that there are a few other things I do to pinpoint the pivot.
sirguyanu mean July 5.don't get caught in the numerical labelling. Hurst refers to this cycle as the 20 day cycle. They expand and contract and I measure them differently than most. I'd rather call them a name like cycle "bob" than a number.
well it looks like the SPX is bear flagging while the index I use is triangulating.
dunno,you can count 5 waves down now,i would like to buy here,but i just cant get no confirmation.i could see the ekg declining in the last hour in a kind of trading range,after another small high say 72.
after8I agree the SPX may have bottomed already. My index is just making a new botttom and my version of Jay's 13 day cycle is just about there now.Rally is not far away now.
yep,if this is the start of a big drop,it needs to start finding some ooomph by close of today or its next stop 1100 i reckon ricky.
I covered all shorts for profits and have a long position now.
pinched just over 3 points on the up move and flat now,certainly doesnt look like any late weakness coming.3 day cycle bottom in too by appearances.
ITS VERY POSSIBLEthat IF we dont see a drop off late today then TOMRROW's13 day cycle converging with 90 bars at 11am could be the LOW depicted by the power graph on Tuesday ITS 3pm NOWthe aCTIVITY INDEX has been anemic all day hovering at the 100 levelTypical 10am HIGH11am was 270bars extended from 258, but allowed up to 12bars or 1 hour.60bars muted at 3pm exactly made a slight dip, and we see the results of afterward as the mkt moves a little higherUP MOVES WILL BE LIMITED this week regardless13 day was JUNE30th at 11am and now tomrrow at 11amITS NOT ALWAYS AN EXTREME LOW, but does OFTEN occur at strong pivot lowsAltho it did nOT perform that way in JUNE as the next 2days fell furtherTHE OBV for the DOW is considerably lower on the 3pm rally than it was on the 9:55am high, which usually indicates inherent weakness3;25 MACD crossing over and Ult Osc taking a dive
yep, I sold too and went flat just before u posted. I got a top in for a smaller intraday cycle I track. Will wait for a better entry to go long again. time to re-evaluate.
could 3.30 be the HOD ?
WOULD BE LOVERLY if they close in the RED todayTomrrows LOW could extend to 2pm, and or even to 4pmJay
IBM falling AH
Jay, Today's EKG may extend till 11:00 am low as you mentioned.
futures dumping hard
helge has been inverted but the inversion is tradable trading range on the euro go long at close and short at open
Rman - can you interpret what Helge is seeing for this week and next ?
looks like a trading range for a week or so then down for a low into the end of the month pretty much the same as Jay
Bulls getting their horns rammed up the tushy this morning! I don't think there's a bottom anytime today for sure.
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