THE FUTURE

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Friday, January 07, 2011

Market Timing-Whats Next -Jan7th closing report

DAILY EKG RIGHT ON TARGET TODAY AS USUAL
A closer look at the impact stream does seem to show weakness developing
Jay -9:15am

AS I Mentioned Yesterday, the Employ data this AM would NOT light Wall st on fire today
BUT the IMPACT stream seems to say there is still some strength in the market
One MORE BUT- the POWER data does NOT support a new high NOR does the EKG
Activity index was 100 earlier, now at 400 at 9am

126bars at noon

more later

MORE NOW
126 bars hit a little late at 12:45 , but still within normal limits
Activity index was at 400 at 9am, now at 200 since about noon
Jay
DAILY EKG - I dont know HOW anyone can day trade without this GUIDE
 

3 comments:

cementzak said...

today i expect a shake out at the open, then back up. markets will remain choppy for awhile, before the final advance tot 1296 or so.

sincerely
cementzak

futures trader said...

Hi Jay your ekg worked well today, nice work.
My 5 cents for what its worth is the following we flip around here even lower and then as the earning start we explode way past 1300 and higher.1328 to 1365

cementzak said...

the shake out took longer then expected. the spx bottomed and is now ready for the final advance.

i assume we'll top somewhere late next week around the level of 1295

have a good weekend

sincerely
cementzak