Sunday, May 22, 2011
Market Timing-Whats Next -May 22nd weekend report
MONEY FLOW turned NEGATIVE on Friday's action, and now shows a 5th wave decline in progress.
Note also on Daneric's page, he has done a complete turnabout and is also warning of the potential to break under 1318 getting us to 1280 in a hurry, maybe even on Monday.
Energy Monday agrees with that outlook as you can see above, but do beware of a rebound rally starting
Tuesday right from the open, which could last till at least noon to 1pm b4 settling back again to complete
the wave on Wed where we have a pivot cycle convergence LOW at noon.