THE FUTURE

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

Sunday, July 11, 2010

PRELIMINARY EKG

I had thought we would see a lot more today, but they are holding
need bad news anyone? -I guess the mkt does

UPDATE AT 8:30am - Monday JULY 12th above
This is really prelim as you can see the END OF DAY is NOT finished

ANd as we have seen OFTEN, that MID DAY RALLY does NOT have to respond
to the PICTURED AMPLITUDE

SO< Reminder== DIRECTION is MUST more important than Amplitude

in other words
it looks like it could be SOLID DOWN day thus confirming the power data graph

THE DOW made it back exactly 60% of the 980 pts loss from JUNE 21st to JULY 2nd

Anyone looking at the TRANSPORTS might consider IT'S
recent high a NON CONFIRMATION,
assuming we start DOWN STRONGLY in ALL indexes Monday

More later
Jay

13 comments:

San said...

Dow Jones trading near 50 week moving average
http://niftychartsandpatterns.blogspot.com/2010/07/dow-jones-trading-near-50-week-moving.html

Abdullah said...

They are waiting to hear what AA says at 5 pm about the overall economy. If AA says good things, tomorrow we'll ROCK higher. If AA says things stink, we'll open red and then recover some as they look forward to INTC.

Alesund said...

Abdullah,

I respectfully disagree.

"They" already know where the market is headed. If the intention is for the market to tank, it will do so no matter what AA, INTC and anyone else reports. The opposite is also true.

"They" have already decided if this is to be a sell the news (good or bad) earnings season or whether it will be an excuse to drive the market up.

Abdullah said...

Alesund - point taken. The criminals running this country know ahead of time what is ahead of us.

rrman said...

it looks like Helge is getting back in correlation he says down into tues night this longterm chart has been pretty good just was a little early on the upwave last week but it shows down into the end of the month then back up into the middle of Aug which fits well with the summer trading range that the tza chart shows....
http://www.cyclelt.com/SE.htm

Jay Strauss said...

rrman
that agrees with big drop tomrrow

SEE www.ELWAVERIDER.com

He shows how the ENDing Diag was broken this morning

and now just waiting for the other shoe to fall

His updates are avail on twitter

Jay

rrman said...

jay any idea if the eclipse will move the market it is a pretty major event..

benjoyce said...

ending diaginal broke at 11:03 and then the market went right back up!

how we going to drop tomorrow?

AA and the other it out and better than expected.
probably hit that 1090 tomorrow

cementzak said...

it could be a boring week with an upside bias, until late thursday... and then the big turn on friday? will stay on the sidelines until then



cementzak

cementzak said...
This comment has been removed by the author.
Jay Strauss said...

TECHNICAL INTERNALS
JUST SCREAMED SELL

ARMS 5= .67 WAY UNDER 1.00
TRIN 5 = 337 WELL UNDER 400

I dont know how long the mkt can hold up against all odds, but its NOT a matter of IF, its JUST WHEN

EVERY MONTH since March 6th, 2009, there has been a greater tendency for the mkt to find a HIGH mid month from the 16th to 20th
AND SELL OFF end of month into
1st to 5th

AND thats the way its been

Jay

Jay Strauss said...

TECHNICAL INTERNALS
JUST SCREAMED SELL

ARMS 5= .67 WAY UNDER 1.00
TRIN 5 = 337 WELL UNDER 400

I dont know how long the mkt can hold up against all odds, but its NOT a matter of IF, its JUST WHEN

EVERY MONTH since March 6th, 2009, there has been a greater tendency for the mkt to find a HIGH mid month from the 16th to 20th
AND SELL OFF end of month into
1st to 5th

AND thats the way its been

Jay

Jay Strauss said...

Cementzak could be more right than wrong.
all the daily readings this week are benign until Friday

Friday's read says
TAKE COVER
expect challenges
its the ONLY READ that indicates STRESS

We have had DOWN mkts with benign readings but its a rarity

However, IF, big word "IF" tomrrow does send prices LOWER to 1045-1050
Then as the PD shows they should snap back late on 14th and 15th

that would take care of WAVE 1 and 2, thus setting up the end of the week to start wave 3
which CONFORMS with what I wrote about END OF MONTH sell offs,
which has been the NORM for 18 months, and maybe longer.

Jay