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

Saturday, February 26, 2011

Market Timing-Whats Next -WEEKEND Report

Most of my ELLIOTT friends seem to be expecting the mkt to drop well
under the low on the 24th at 2pm of 1294,
Another possibility does exist-- 
IT IS POSSIBLE And very likely we will ONLY see a drop back to 1294 and nothing MORE

BEARS love to SCREAM for MORE, but IT does NOT look that way.

Beyond FEB 28th, the ENERGY pattern is VERY POSITIVE from March 1st to 10th.



Jay Strauss said...

I'll elaborate on this more tomrrow, but
ANY SHARPLY lower open will most likely be the LOW of the day especially if its at or near 1294

Monday calls for AM bumps & distractions, BUT a SLOW day and a better evening

Tuesday calls for WELCOME CHANGES


Abdullah said...

Jay -

looking for ~11,800 in the DOW and ~1282 S&P.

Abdullah said...

FAZ FP 77 of last week should mean something is unexpected to take place. What it is??? NO IDEA. Time will tell.

reddragonleo said...


Do you every get tired of the same old crap, day in and day out? I sure do...

I think I would have a better chance in Vegas sometimes, then this market. At least there, they don't know what cards you have in your hand. LOL.