THE FUTURE

THE FUTURE
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Wednesday, April 27, 2011

Market Timing-Whats Next -April 27th- Closing Report

April 27th @ 9am

SPX 1350 & dow 12,600 still represents strong resistance
and the mkt will make a few attempts to break above to get to the FIBO level of 1373

The next level of NINE is at spx 1359 & 12,699
DOW has a lower level at 12,645 which is getting tested at 1pm, eight after the Fed announce
but SPX refusing to get over 1350 at the same time. 12,654 is also a NINE COUNT- just add the numbers to get to nine.  12,672, 12681, 126,90& 12,699

EKG today seems to agree with a low on the 13 day cycle at 12:25pm

And later rebound assisted by positive energy during and after Bens' press conference.

TOMRROW should set then back considerably all day

Friday's positive energy should allow stocks to RISE again, making what looks like a possible top
of the "D" wave of the expanding triangle as depicted on a previous page and out to the right on the main
page.



NOTE
Ive added the MONEY FLOW charts  from Market Insights
NOTICE that both charts show MONEY flowing into the market from the April 18th low,
BUT
the longer term graph shows it at a reduced level to prior highs.
Jay

Dow 12,707 = NINE, couldnt quite hold onto it.
SPX over 1350, but couldnt get to 1359.
OEX PC ratio FINALLY on a SELL
but
Jaywiz index on a BUY, but 2 days in a row gave a SELL @ .23 & 26
 Maybe get a higher open, great shorting OPP- or 25 pt rebound off a 50 pt down open.
Jay 

2 comments:

Jay Strauss said...

Dow attempting to surpass 12,645, another nine level, but eh SPX holding under 1350 at the same moment @ 1pm

Another pivot low occurs at 2pm
but the day should attempt another run till 3;50pm, and could settle back at close as ekg shows

Jay

Jay Strauss said...

DIDNT quite make it to 1359
1357.40

Made it to 12,706, but not at or above 12,707

ALL AT 3;30
Amazing

Now backing off as expected

Jay