|WE can see strength this afternoon from the above|
matching the LOWER futures this AM
& matching the EKG which indicates a low mid to late day.
258bars at 2;30pm might be the lod
The POWER DATA graph previously published agrees with a low today,
but next 2 days are showing strength , but the energy outlook shows a low due Friday AM
At noon, the mkt is responding well to the above graphs as it seems a recovery from the AM open low at 13hours is in progress- the POWER data seems to think there wont be another low today, but we will have to wait to see if that one agrees.
Activity index at NOON HAS DROPPED FROM 233 to 100 and there can be as much as a 90 minute delay leading to the 258b pivot at 2:30, which does NOT have to be the lod, but should offer a level
lower than where we are right now
INTRADAY direction once again was quite precise, but the day ended near its highs
So far HOLDING JUST UNDER that threashold of 1278 = 9
9 in numerology is a number that indicates completion
Weve seen tops at 9's and sometimes at 5's which indicate CHANGE