EKG seems to show a much lower close,
but remember 2 things
1. IGNORE AMPLITUDE
2. As often happens the NEXT day picks up where today
left off , so tomrrow stands a very good chance of
losing all today's gains at OPEN
26Hrs @ 10am should be a temp peak
150 bars at 11:00 am can offer the early setback , but just a little backing off
High energy at 1:08pm should give us the HOD, or thereabouts-
180B @ 1:30pm
204B @ 3:30 pm
The Power data has been in perfect sync with the mkt & the EKG
It shows today open higher, backs off, then higher again, and failing end of day
the question remains -Will that drop off continue on Wed at the open,
or can i catch a swing higher at open?? IMV, Im Looking at the POWER DATA which shows
a lower open, then later rebound as the FED announce is at 12;30pm
which could coincide with some wild swings at the point in time.
and Thsday Psych indicates an energetic start thus a higher open.
difficult to interpret tomrrow as there are some conflicts.
The EKG shows possible higher open
the POWER DATA shows potential LOWER OPEN
Dynamic index topped on the 18th and has SLIPPED lower from there
Activity index has been hovering at the 100 to 200 level since the 13th
A marked low has been projected SEVERAL TIMES now for the 24th, and NOW
the POWER DATA CONFIRMS A LOWER OPEN FOR THE 27th.
SO what , you ask why discuss the 27th on the 21st?
AS previously projected & Above, and HIGH of the 4th wave is expected at about 1pm today
Heres what Im asking myself
DO I hold my short position all the way to Monday or try to catch some short term swings
on the way down??
Read the Psych report on a previous blog page
Ive been rather prolific this am and it can get rather confusing so heres what im seeing
A peak today at the 1pm hour
A LOW tomrrow at 1:30pm on 258bar pivot
A higher open on Thsday at 39hrs @ 10am and stay up or higher till
about the Noon hour to high energy/change at 1;30pm latest
Down all day friday
Down Monday till 11am
cycles converge at about 11am
204bar pivot and a segment of the 13day at 10:20
which can extend to match neg energy at 10:54am