THE FUTURE

THE FUTURE
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Wednesday, June 22, 2011

Market Timing-Whats Next -June 22nd - Closing Report

MAKE IT SO< said the Cptn




                                                                                                        

OK got it with COPY & PASTE from my Pics

UPLOADS are not loading at 8:15- will try later
8:30 uploads still not working -- GRRR
but in the meantime

IT shows a LOWER OPEN, but not as low as the earlier futures would have indicated
Activity index is FLAT at 200
Impact stream ALSO shows a similar track as the Futures this am

A lower open had been projected, but it doesnt look as deep as shorts would like.
there is a HIGH energy point at 10am, which might linger till 11am
And I cant verify a much lower close as the EKG shows
It might close where the EKG shows a FLATTENING

210bars at open is not one of the usual & customary pivots.
220b at 10am sometimes works but is in conflict with high energy at 10am
228b@ 11am - might work out if the 10:07 am high energy is only a brief momentary high
258B @ 1:30 comes right after the FED announce, but prior to the conference-
which last time was a YAWN
30 bars @ 4pm

Not that it will happen the same way today, but last friday had 258b @ 11;30, and 30 b@ 2pm
made a lower low on the day. the point here is that 258b DOES NOT GUARANTEE the LOD.

Yesterdays Neg energy expected at 2;45pm was OVER POWERED by the summer solstice

TOMRROW is STILL EXPECT TO hold a STRONG rally and the early EKG agrees.

THE BIGGER down draft NOW appears best for late THSDAY to Monday at 11am


IF the LOD today is only a minor retrace of the last rally from 1267 to 1297 or 38% of 30pts
= 11pts down to 1285 area, then tomrrow should make a run attempting to break 1300, and might even hit 1305, but dont expect much more than that.
the NEXT BIG MOVE is either a iii of 3 or a 5th wave of [1]

more later
Jay

1 comment:

Jay Strauss said...

SELLING OFF LAST 30 MINUTES
at 3:45 now off 68 dow

30 bars at close means HIGHER OPEN

REACTION TO FED SPEAK

WHAT NONSENSE
But if you choose to think that way, dont let me stop you

Jay