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

Sunday, May 01, 2011

Market Timing-Whats Next -May 1st- weekend report

Im waiting for the POWER DATA to complete for the week for comparison to the above
So far it matches well thru the 4th, but the data stream for the whole week is still incomplete.

Monday's neg energy at 9:35am should create quite a downdraft at the open lasting till 11am.

258bar & 13 day cycle are prominent @11am for the turn of the day similar to April18th
the next bar cycle pivot is at 1:30pm, but it stands alone.
The pull of the NEW moon Tues at 2am generally seems to have its typical TURNING effect

IF the goal of WAVE E, if thats where we are, is the lower trend line of the expanding triangle,
then they've got to prove it this week.

PS; My plan is to BUY the open on the 5th, and hold it for a high on the 11th

 Monday's PSYCH READ
The Day starts in a CLOUD OF FEAR
Outlook improves as the day progresses

Money management requires patience & disipline

Take care of $4 matters this AM
Be Flexible as midday doubts take over

Disruptive start
$ affairs brighten later

Favorable trends continue

Hope this helps, and it seems to coincide well with the chart above

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