THE FUTURE

THE FUTURE
SCIENCE DOES IT BETTER

Monday, July 19, 2010

JULY 19th EKG

DIDNT quite get the WHOLE SHEBANG but still a very
good projection of today's action




Most of the NEG energy today comes later in the day

more later

Jay

29 comments:

RickyBobby said...

Just bought more shorts! here

Alesund said...

EKG for today looking good so far Jay.

Any update on the expected time for the high point on the EKG?

Thanks

RickyBobby said...

Adding shorts here too! @11:30

Alesund said...

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.

Abdullah said...

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.

RickyBobby said...

alesund

possibly, 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.

cementzak said...

ES 1057 important support level, just connect previous lows

cementzak

Alesund said...

Ricky Bobby,

When does your 13 day cycle bottom if you don't mind?

Thanks

sirgiyan said...

Let me guess... it's 13 days from July 15th right? I think so too btw

RickyBobby said...

Alesund

It'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.

RickyBobby said...

sirguyan

u 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.

RickyBobby said...

well it looks like the SPX is bear flagging while the index I use is triangulating.

after8 said...

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.

RickyBobby said...

after8

I 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.

after8 said...

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.

RickyBobby said...

I covered all shorts for profits and have a long position now.

after8 said...

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.

Jay Strauss said...

ITS VERY POSSIBLE
that IF we dont see a drop off late today then TOMRROW's
13 day cycle converging with 90 bars at 11am could be the LOW depicted by the power graph on Tuesday

ITS 3pm NOW
the aCTIVITY INDEX has been anemic all day hovering at the 100 level

Typical 10am HIGH
11am 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 higher

UP MOVES WILL BE LIMITED this week regardless


13 day was JUNE30th at 11am and now tomrrow at 11am
ITS NOT ALWAYS AN EXTREME LOW, but does OFTEN occur at strong pivot lows

Altho it did nOT perform that way in JUNE as the next 2days fell further


THE OBV for the DOW is considerably lower on the 3pm rally than it was on the 9:55am high, which usually indicates inherent weakness
3;25 MACD crossing over and Ult Osc taking a dive

RickyBobby said...

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.

AS said...

could 3.30 be the HOD ?

Jay Strauss said...

WOULD BE LOVERLY if they close in the RED today

Tomrrows LOW could extend to 2pm, and or even to 4pm

Jay

Jay Strauss said...

ITS VERY POSSIBLE
that IF we dont see a drop off late today then TOMRROW's
13 day cycle converging with 90 bars at 11am could be the LOW depicted by the power graph on Tuesday

ITS 3pm NOW
the aCTIVITY INDEX has been anemic all day hovering at the 100 level

Typical 10am HIGH
11am 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 higher

UP MOVES WILL BE LIMITED this week regardless


13 day was JUNE30th at 11am and now tomrrow at 11am
ITS NOT ALWAYS AN EXTREME LOW, but does OFTEN occur at strong pivot lows

Altho it did nOT perform that way in JUNE as the next 2days fell further


THE OBV for the DOW is considerably lower on the 3pm rally than it was on the 9:55am high, which usually indicates inherent weakness
3;25 MACD crossing over and Ult Osc taking a dive

Abdullah said...

IBM falling AH

Abdullah said...

Jay, Today's EKG may extend till 11:00 am low as you mentioned.

Abdullah said...

futures dumping hard

rrman said...

helge has been inverted but the inversion is tradable trading range on the euro go long at close and short at open

AS said...

Rman - can you interpret what Helge is seeing for this week and next ?

rrman said...

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

Zander said...

Bulls getting their horns rammed up the tushy this morning! I don't think there's a bottom anytime today for sure.