THE FUTURE

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

Friday, September 24, 2010

GOLD at 1300 FIBO- whats NEXT

This came to my attention
thought you would like to see it

Traders hoping for Republican congressional take over
BUT what if NO DEAL
DOLLAR UP- gold down stocks down

the GOOD news is ALL OVER THE Media
BEST SPT for STOCKS since 1939
BUY GOLD, its NOT going to drop more than a few bucks if at all

SAME OLD -SAME OLD
51% BULLS
24% Bears

Of course the SENTIMENT is BULLISH
BUT, is the underlying value really there?

WHOM do you think they are preaching to ?
the un- suspecting PUBLIC - of course

Internal TECHNICAL SIGNS OF DISTRIBUTION
Date --- Dow----Adv/Decl-----Vol----arms 5---- Trin 5 ----trin 10
8th---10,387--------1495------4093--------78------390
14th--10,526--------998-------1416--------80-----402-------791
20th--10,753-------863--------1685

You can plainly see WANING Vol & Adv decline internals against a rising mkt
TRIN 10 issued a SELL SIGNAL on the 14th


More later
Jay

8 comments:

Fred said...

There is a giganctic 60 minute chart divergence using the MACD...on the regular S&P index right here. So any new high (if we get there) should be short lived. I know you will be right Jay that the market will go down hard, it is just the timing is hard to call here.

Fred said...

Also, if we get a print above 1149 on the S&P, that should indicate higher prices. We still could go down from here...so a great place to short this with a super tight stop.

cementzak said...

a=c 1158

nasdaq may gap 2387-2374

sincetreluy,

cementzak

Jay Strauss said...

Fred
thanks for the additional data

thats the type of comments that we all appreciate

WALL ST MOVIE breaks today

Pigs get slaughtered

Jay

Jay Strauss said...

C
Your right about the Power graph
It appears inverted

Might be my fault for reading it wrong -

One more high- MONDAY at 10am

but it might be a rebound high off a lower open??

Jay

AS said...

Jay - based on that ... then 27th - 30th should be a drop ?

does that invert all the stress dates you mentioned ?

Jay Strauss said...

AS
NO change for stress dates

Misreading this week's POWER DATA

does not effect future dates

Oct4th is next most important date
Harley has it as a low also
Heavy neg harmonic cluster

Jay

Jay Strauss said...

As
YES, the reading
DONT BELIEVE what you hear or read, CUTS BOTH WAYS- at tops and bottoms

We should see some selling late today - which gives Monday's 10am cycle a chance to recover again.

But lets invert that one and think of it as only an hod, and the 29th a low thus the 30th still has some potential to recover, but only within the weeks decline.

a review of next weeks Power graph shows a high on open on 27th, then lower into 29th

Will publish the graph this wkend

Jay