THE FUTURE

THE FUTURE
SCIENCE DOES IT BETTER

Thursday, February 24, 2011

Market Timing-Whats Next -Feb 24th Closing report

8:45 Am

Today's Psych = ANGER & Frustrations
EMPLOY report NON event-
Activity index at a low ebb at the 66 level at 9am
Impact stream also showing a low ebb

Yesterday's low hit at 1;30 , a little after 228 bars, actual at 234 bars ,
just 6 bars over, but still within normal cycle limits

today's open low at 10am = 270 bars since 258 bars at 3;30 was a non event.
which translates into a similar delay today.
Today's bar low should be DUE at 60 bars @2pm, but COULD OVER RUN to 3pm

Friday
39 hours at 10am could be a strong turn, high or low, cant say yet. but 90 bars hits at 10am.
WILD roller coaster ride today- EMOTIONAL gains only
EXPECT EARLY OVERSOLD gains to be REPLACED by LATE LOSSES


MONDAY
POWER DATA shows a PLUNGE on the 28th

EXPECT strong rally from March 1st to 10th
Social & Political issues appear to be making resolutions
Jay
3;30 pm update
NOTE the IMPACT Stream above, and the DIP at 2pm with the recovery
afterwards matching the mkt
Jay
EKG PERFECT SCORE and now at 80% for the YEAR 2011

9 comments:

Jay Strauss said...

1:30 PM Bulletin
IMPACT STREAM Taking a DIVE
dont know how long it will last or how deep it will get - more later

1:30PM
Activity level STILL HOLDING at a low ebb at 66, was at 100 earlier

approaching the 2 to 3pm time zone
Im on tender hooks waiting to pull the trigger and close out shorts

Jay

Jay Strauss said...

OK Sold out for a SOLID DOUBLE
Impact stream turned higher a bit but activity still at 66

I may have been EARLY, but It was TOO good to pass up.

Will plan RE-SHORT tomrrow

Jay

Abdullah said...

12000 broke
1300 broke

Next support level??? who knows how low it goes.

I thought today would be FLAT and DOWN FRI since no one wants to hold over the weekend.

Abdullah said...

It seems everyone looking for a 10% plunge to go long ... I think WALL STREET will cut it short say 6-7%. Then attrack as many long as they can and then really pull the rug.

Reza said...

Abdullah
Out of gold,

Abdullah said...

Reza - stopped out of my SU, SLW. Looks like further DOWN for commodities.

Like I said gold/Silver way ahead of itself. Use very tight stops and take profit.

Watching DNN for reentry.

Abdullah said...

I still like this small outfit BSGC (BigString/PeopleString) I think it has a shot when Facebook goes IPO later this year.

Reliable said...

wow...awesome Jay.

Jay Strauss said...

Reliable
welcome
Jay