THE FUTURE

THE FUTURE
DO YOU WANT TO SEE THE NEXT BREXIT in ADVANCE ?

Thursday, June 09, 2011

Market Timing-Whats Next -June 9th - Closing Report

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JUST IN CASE YOU ARE LITTLE LOST at the moment, heres an advance look at Tomorrow's PARTIAL EKG till about NOON corroborating the ENERGY & Psych readings. Wave [ii] was a simple abc, so wave [iv] should look a little different
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Given the open today. This is what the ekg should have shown, thus consider the lower graph an error of my own judgement, anticipating too much.too soon.
June 9th at 8:40am
Unless something changes between 8:45 and 9:30, the futures are indicating an up open

Yesterday's bar pivots hit right on schedule
WHAT DID HAPPEN YESTERDAY and what can we expect next now that we got a run to 1288 at 10am on the 13hour cycle- WILL That be the HOD? Maybe?

That CONTRACTING TRIANGLE formed yesterday - abcde = [iv].3
WHich meant that [v].3 would be about 9 pts lower = the widest part of the triangle
1287 to 1278 at 2;30pm
The 258bar cycle did hit a low at 2pm, but was exceeded at 2;30pm, not unusual to hit 6 bars later
the bar cycle can extend up to 12 bars, rare, but not unusual



NOW
Heres SOME PERSPECTIVE TO SEE HOW Yesterday FITS INTO THE OVERALL wave count

Given the above analysis, Today's rally would appear limited by fibo retracements 
19 pts down from the previous peak at 1296 to 1277
62%  x 19 = 12 + 1277 = 1289, just got there at 10;45am  could be wv a
78% x 19 = 15 + 1277 = 1292 could be wv c
wv b in between could back off to about the middle of that range to 1286- 1281 levels

Today
30b @ 10am
13hrs @ 10am hit an initial high at 1288
60b @ 12;30
90b @ 3pm
KEEP IN MIND THE TYPICAL DAILY TURNS @ 11am- 1pm & 3pm

Its very possible they will still trade SIDEWAYS today and tomrrow till 10:18 before
entering a 5th wave down to a MONDAY 4pm low close at 258bars and Neg energy in effect all day
14th has potential to make a secondary low also, and actually become [v].3

BUT THIS is STILL ALL wave 3 till the 14th from 1345 which still leaves 4 & 5 to go afterward, expecting it to end [v].5 on June 24th as my previous published monthly graph shows.

TOMRROW"S Psych read
JOY disappears in a puff of smoke

more later
Jay

1 comment:

Jay Strauss said...

78.6% is quite a common retracement

today we have 91%,
78.6% + 13% = 91.65%

NOT as common, but no unusual either

1294.54 - 1277.42 = 17.12
at 3:15pm

17.12/18.80 = 91%
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Wave [i] was from 1345 to 1305 = 40
wave [v] = wave [i]
1294-40 = 1254 wv [v].3

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from there we still have a wave 4& 5 to go

wv 4 should retrace fibo from 1345- 1254 = 95pts

95x 38%=36
& you can do the other math
for 50%, 62% etc

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wave 1 from 1370 to 1312 = 58pts
58pts x 1.618 = 95pts
1345-95=1250 for Wv 3 thus confirming the math above

After wave 4 hits its highs on June20th, we can then expect wave 5 to drop 58 pts from there

Jay



Jay