POWER DATA ONE WEEK AHEAD - Provides an 80% Correlation to the SPX

Monday, August 16, 2010

August 16th EKG

It would appear that most of the action could occur near the end of the day today.

50%/ 13day cycle @ 2:30pm
60bars @ 2pm


As happens many times, we can EXPECT that sharp downdraft
TOMRROW AM, instead of close today.

26hrs at 10am & 90 bars at same time
55%/13 day at 11;59, should set the stage for afternoon recovery



ARAK said...

crazy mkt.

goldentouch said...

Jay, great web site. Thank you for your info. Jay have you at all been following time wave zero for 2010? Based on this theory, the middle of nov will be a chaotic time.

Jay Strauss said...

HI Goldentouch

thanks for commenting

Mid Nov holds NOTHING for me as far as a cycle pivot, but maybe a short term HIGH - but nothing of extreme value.
There is a Dec 3rd pivot low due, but it should not equal anything like whats expected next week.

there is ALSO an October 4th , but again as above, nothing really important

altho BOTH pivots will offer great short term bull runs


Jay Strauss said...

ONCE AGAIN, I THINK the DOWNSWEEP expected at days end today

WILL SPILL OVER to tomrrow morning

10am = 26 hours
10Am = 90 bars

from there, they can recover for the rest of the day