Market Timing-Whats Next -SPT 26th MONDAY OPEN - BEAR MKT RALLY

Spt 26th EKG @ 10:30am

SORRY about the late publication, I was very busy sending updates to the VPN members

EURO at open was WEAK at best,
GOLD came off a 100 pt decline to 1550 at 4am
Oil at +44 pre open dropped to -1.43 at 10am

NOW looking at the MKT

Ed cycle HIGH was DUE at 4pm FRIDAY, and like all such indexes can rollover to the next day
which it certainly looks like it did just that at open

SPX
1200 - 1114 = 86pts
86 X 38% typical bear mkt rallies = 33 pts
1114+ 33 = 1147 RIGHT AT OPEN

NEXT ED Cycle HIGH is due at 1pm
BUT- IT does NOT have to be a higher high

Activity index dropped from 400 at open to 33 a few minutes later
it is indicating a rebound is still possible in the making as the ED cycle above

204bars at 10;30 has hit a low
next one is at 228b @ 12:30
then 3pm @ 258bars

Then the last Ed cycle in the HIGH series at 91.6% at 3:30 COULD END IT ALL
as the FIRST ED cycle LOW in the next series is at 10:45am tomrrow

POWER DATA did indicate potential for higher open just as it occurred, but the next BIGGER
MOVE IS DOWN

THE OPEN RALLY JUST GAVE ME AN OPP TO ADD MORE SHORTS

ENERGY LEVELS took a huge bounce from 4am to open but are NOW COLLAPSING
more later
Jay