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

Thursday, July 07, 2011

Market Timing-Whats Next -July 7th - Morning Report & commentary

JULY7th @ 7:30am
I doubt the ADP report will have uch effect this AM

there seems to be very strong resistance @ spx 1341,

1341 when added = 9 a final number and it has been attempted 5 times in the alst 2 days

Dow = same and was just shy of its NINE and hit 12,643.24, and that resistance is at 12645

Today could be a day of marked contrasts from the AM to the PM

More Later
> He concludes that a full moon in general and a lunar (eclipse) full moon
> close to solar eclipses, in particular, seem to be the triggering device
> that allows for the rapid transformation of investor psychology from manic
> greed to paranoia. He asks what the odds are that eight of the greatest
> market crashes in history would accidentally fall within a time period of
> six days before to three days after a full moon that occurred within six
> weeks of a solar eclipse? His answer is that for all eight crashes to
> accidentally fall within the required intervals would be .23 raised to the
> eighth power less than one chance in 127,000."

10am ENERGY today is the last time for spx to try and make it over 1341 or fail to hold, even if they do pierce that number briefly 

1341 when added = 9 an ending #
Dow 12645 = 9 and they hit 12,643.24
Trannies = 2556 , when added = 5, which represents a CHANGE
util @ 437 = 14 =5 = change
Russel = 845.28 = 17 , reistance at 846 = 18 = 9
AMEX = 2389 -- resist = 2390 = 5
I dont think ive ever seen this convergence with so many indexes at one time

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