THE FUTURE

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

Saturday, July 17, 2010

Weekend Commentary

Friday was a 96% DOWN VOL DAY
& ARMS ratio a WHOPPING 5.77

PC ratios 80%BULLISH, {{but we had the last 5 of 6 days at 80% Bearish & thsday @ 90%}}
BUT THAT WONT STOP a LAND SLIDE MONDAY
The day calls for ANXIETY with $$

I only USE "TIME ", so if
ANYONE has the next important price level
we would love to know it.

WE all KNOW that 1010 is MONSTER SUPPORT
which will get broken this month, but NOT NEXT WEEK - { imo }

I dont think we will get there on Monday, but there is a pretty good
chance we just might get within 10 pts of it.

2 x 40 = 80 pts from 1096 = 1016
OR
3x 40 = 120 from 1131 = 1011

more later
Jay

9 comments:

Alesund said...

Thank you again Jay!

I see a bit of a move up Monday morning and then wham, back down.

Is that what you are expecting as well?

RickyBobby said...

Nenner: DOW 5000 in 2.5 yrs?

sees mor cycle downward pressure in August



http://www.cnbc.com/id/15840232/?video=1544558215&play=1



Disclaimer: I don't subscribe to any of these guys like Nenner, Dent, PUG, whoever etc. I don't subscribe to anyone! I don't follow Anyone! I just look for those whose interests are aligned with mine.

Abdullah said...

What "should' happen is that Monday we fall some more, and then, almost out of the blue we start a bounce higher (see Jay's EKG). It could be a very powerful bounce that takes back all the points we just lost(Crawford sees higher highs TUE-FRI). Then, it's time for the market to roll back over and plunge to much lower levels.

Abdullah said...

Mr. Market has lured in a lot of shorts and he will smacks us silly and to inflict the most pain.

AS said...

Jay - can you share your readings for the week and the cycle hours ... those were very useful when you published them on weekend last week ... to keep track of the cycles..

AS said...

Jay - can you share your readings for the week and the cycle hours ... those were very useful when you published them on weekend last week ... to keep track of the cycles..

after8 said...

so tough to call here,impressive down day friday,but you just get the feeling its another trap.you have to have a line in the sand though where the fake-out becomes the true move.just day trades all next week for me.if it does collapse hopefully ill be on board for a slice fo the action.if not i wont be commited either.should be interesting anyway.like i said the 21stish and the 27th are potential turns.which line up well with jay.

Jay Strauss said...

Martin Armstrong's outlook calls for DOW 4000 as a target low

IF Primary wave 1 was at dow 6500
and spx at 666, then its NOT inconceivable to expect such low values in wave 3 even if just for a 30 day period with huge rebounds aftrward

BUt DONT expect those levels to just pop up suddenly
it took 18 months from oct 10,2008 to March 9th, 2009 to achieve P1

and 13 months for P2 to April26th, 2010

SO, another 18th months would get us to late 2011 from April 26th.

Jay

cementzak said...

my target between 429 & 354SPX
and i expect that low between 13/06/11 & 20/02/12