Another VIEW = WAVE equality

Chart from Columbia- thanks Binve

Heres another VIEW OF THIS CURRENT LEG

Look at wave 1 and its relationship to wave 3, then wave 5

wave 1 was DOW 60 pts
wave 3 was down 95pts OR 60 x 1.618 = 97 pts

THUS wave 5 of THIS LEG should = 60 pts down from 1090 = 1030

got to 1044 so far at open

Jay

What to EXPECT next 10days

Today has 258bars at 12:30 which Frequently DOES offer the LOD on a 21 hour cycle

1020 to 1044 should provide some support today

Feb 5th low was 1044
Oct 2nd, 2009 low was 1020

Is Today a matter of minute wave v of minor 3?
If so, then
MINOR wave 4 could occur tomrrow
and
Minor wave 5 on Thsday & part of Friday

Jay

CYCLES to WATCH

Couple of interesting cycles to WATCH
May 5th at 11am was a 13 day cycle OFF Nov 21st, 2008
and the flash crash was next
NOTE that a secondary low did occur on MAY7th at 10:28am
right on the 14.6% segment of the NEXT 13day cycle;-
--------------------
another important pivot low also occurred on
May 14th at spx 1126 at NOOn at 55% of that cycle
May 19th hit spx 1100 at noon on the 78.6% segment
______________________

NOW
May24th @11am = 13day cycle seems to be repeating
the previous cycle, was a low point, but as May5th was superceded by a
lower low on the flash crash day, and TODAY we are imploding as per futures
at 9am

Thus we can expect the following PIVOTS
14.6% on 26th at 10;20am
23.6% on 27th at 11;26am
38.2% on June1st at 10:42am
_______________
Thanks to Cliff for providing me with the Software
for this cycle as I first started out doing it by hand
in 2009.
_________________________

NOW< keep something in mind- these are PIVOTS
thus they do not Necessarily HAVE TO be the LOD

other cycles ALSO working
FRIDAY is an 8day cycle from OCT 27th = 400 tr days/ 8 = 50 rotations
Friday is 144 tr days from OCT 30, 2009 Dow LOW at 9713
Reading for the day says Yesterday's agitations continue
Jay

Accept VISA & MC for Your Biz
ASK me about MODERN Programs
@ National Transaction Corp
NOW 11 Years Strong

May 25th EKG

Tuesday AM Update NOW shows a MORE extended DECLINE for TODAY
the READ today
PUZZLING MONEY MATTERS
Sudden events = Money Losses
And
the next 2 days dont get any better

ELLIOTT wave Experts called yesterday as minute wave 4, of MINOR 3 thus we are
about to enter Minute 5 of Minor 3. This event can also break out into 5 minuette waves.
Minor 3 is the where the MEAT gets cooked,before getting served.

Once Minor 3 is complete, there is still the outcome of dealing with Minor 4, and Minor 5.
but there's plenty of time for that discussion later

Jay





Futures at 7pm tonight are showing the SPX off 4.90, and Dow off 32

Tomrrow's bar cycles
228b @ 10am
258b @ 12;30pm
30b@ 3pm

Yesterday's 13 day cycle GAVE way to a LOWER CLOSE
we can consider that VERY OMINOUS
as the PREVIOUS 13 day cycle was on MAY 5th at 11am

The NEXT 258bar cycle is on Friday, May 28th at 2:30pm
BUT the FUll Moon is on the 27th at 7pm, and should influence the mkt all day

28th is an 8day low
28th is 144 from Oct 30, 2009 Dow at 9713

May 24th EKG

Today's ACTIVITY INDEX from the GO was telling us there were problems today
It was FLAT at 66 ALL NIGHT, and NEVER got above 100 all day
Just as I suspected, the futures this AM are pointing lower

Cycles suggest pivot at
156bars at 10:30 - WE actually GOT 150bars at 10am
13 day cycle at 11am = 29 rotations of 13 day cycles from NOV 21st, 2009
11am did provide a pivot to the 1pm HIGH and turn of the day

Energy suggests high at 2;30
there was a mild uptick at 2;30, but meaningless

EKG suggests high wont hold, also confirmed by the power index graph
but Tuesday's power index also indicates another higher attempt which
should also fail, but we dont have the EKG for that yet.
EKG told the story today FOR SURE

Friday is 144 tr days from Oct 30,2009 & Dow was at 9713
EKG shows mkt turning UP similar to Last Friday.

June 2nd is a Bradley TURN data & 377 tr days from Dec 1, 2009 which gave up 700 dow pts
but led to a higher month of December

28th is ALSO an 8day low & turn

more later
Jay

June's ENERGY graph

More Later

THIS is NOT GOSPEL, but it does show that June's
ENERGY is DIRECTED upward in terms of HUMAN
EMOTION, this allowing the MARKET to find some relief
from its grossly oversold condition at the end of May

Jay

Market Pulse May 20 to 28

According to the above, last Friday' s rally close does NOT have much legs

but Monday & Tuesday should seek somewhat higher levels, with NO lasting value

the BIG down days are schedule for the 26th & 27th

28th looks like a repeat of the 21st

More later
Jay

EKG May 21st Preliminary & 8am update

8am UPDATE shows NO upside at open
BUt any rebound is subject to further losses
using math model below we can only suspect certain levels to be met
such as
1060 to 1044 to 1020- again ONLY MATH levels NOT a prediction.

Some have even thrown out 980 for consideration, ???? imo ,NONE of those TODAY
how soon then, you ask ?
well if NOT today, then Monday at 11am has similar connotations to Nov 21st at 11am
but some of those levels are still not attainable yet.

The ABOVE EKG is very similar to XTIDE's RED tide today

HELGE shows a LOW at or near today and or 24th- hard to tell exactly per his charts

ACTIVITY index is coming OFF a LOW earlier this morning at 6am of 133,
and at 9am is now at 200, which might indicate a brief dip and recovery by 10;30

90 bars hits at 11:30 giving plenty of time to bounce around prior to the pivot
126bars at 2;30 means that after 11;30, there more time to rebound till at least 1pm
156bars would then occur on MONDAY at 10:30 along with the 13 day at 11am, and hourly pivot
Jay

We can see there should be a LOWER low tomrrow, and the END of day is not yet available

We also cannot be sure about the open with a move UP or not,
and will depend upon what the futures tell as at 8:30am

on the 19th As of 7 pm, futures are only off about 5pts

90bars at 11;30
126bars @ 2:30pm

40 pt rule of thumb
1220- 1072 = 148 / 40 = 3.7
1220 - 160 = spx @ 1060
1220- 200 = spx @ 1020
this is NOT a prediction nor a projection, Just the MATH, folks, just the Math

the MIDDLE Ground today was at 1090, the 200 day line and major support
NOW broken, even tho grossly oversold, just like Nov 19th lost 400 pts, so did Nov 20th , 2008


TOmrrow is 377 NOV 20th closing low
Monday is 377 Nov 21st @ 11am
377/13 = 29 rotations of 13 days @ 11am
____________
JUNE 2nd is 377 from DEC 1st, that infamous day of 700 pts lost,
WHich led to a stronger December
IN between, we have negative energy on May 26 to 28
________________________________

SO<
important FIBO 377 tr day cycle hits tomrrow & Monday at 11am
IMPORTANT influence LOW due on MAY 28th
important TURN on JUNE2nd = a Bradley TURN
Bradley dates in JUNE 2, 10, 26th
_________________

June should END higher

----------------
13 day cycle has been solid
Monday at noon was 62%/13 day
WEd at 12;25 was 78.6%/13day
Monday at 11am is 100 %/13day

Jay

Prelim EKG for May 20th & update at 8am

Update shows about the same but with continuation of drop at end of day
WHICH may or may NOT occur UNTIL the NEXT morning which is a phenomena we have
seen a quite a few times with the EKG

Read says CHALLENGING start today, CALMER tonight

Friday EKG shows similar events, so IMO, any BUY opp can be used to SWING trade

Seems to concur with lower open

258bars at 10;30, which might get truncated to 10am

Reading calls for Challenging start

INTERNALS Tech data are SCREAMING BUY
concurs with the POWER INDEX, which starts out at 300, and jumps to 500
and holds that level on Friday for the most part.

Any early dip, if we get it would be a buy opp

got to 1100 as projected several times at 12:noon which was right near the 13day cycle pivot
at 12:25pm


Jay

May 19th ROLLER COASTER

180bars at 10;30
204bars at 12;30
78.6%/13 day at 12;25
228bars @ 2;30

Energy - negative influences at 2;15pm & 3:41 pm

Initial EKG for Thursday indicates a lower open

Most important pivot date this month looks like May 28th

May 31st Holiday

June 1st/2nd = Bradley turn - should lead to mid June high

Jay

Preliminary EKG - May 18th

156bars @ 3pm seems to have hit a low
18th is an 8 day low, making the 19th an 8day turn

Updated EKG for May 18th as of 8am now shows strength in the morning
with possible minor setback 11am to noon
It also looks like they might not close on the high today, but they certainly dont look
like anything serious is happening today,
BUT
that does NOT preclude what I expect for Tomorrow, Wed May 19th
IMO, the big question becomes - do I get short at close today or wait for Wed open?
the Prelim EKG does concur with the prior call for a winning day - Tuesday

and it also looks like the open should start lower concurring with that 90 bar cycle @ open

Jay

May 17th EKG

Upon review of what was expected verses what we got, we can see there was NO last hour decline.
However, as mentioned and noted many times in the past when a cycle such as 90bars is expected at 4pm, it often
occurs at the OPEN on the NEXT day.
IF SO, that would offer, IMO, a very nice buy opp just for the day,
and is corroborated by the propensity index which rises from 2989 to 2998

THE LOD did occur at noon which is within the scope of the
13day segment scheduled for 11;16am
Adjusting for Daylight savings did occur at noon.
Jay
8am UPDATE shows recovery from Asian blitz rolling over from Europe this morning
but a late day drop off is possible according to the above which concurs with 90bars at 4pm
Jay
The above doesnt look ominous, but looks can be deceiving

I would like to see the 200 day line at about spx 1100 as the 11am-11;15 low,
but thats just my wishes
& wishes dont make it real until it happens

You have the CYCLE timing from the previous posts

Jay

Power Index for week of May 21st

Now we can COMPARE the ENERGY readings with the above graph for this week

Monday= financial blockage
Tuesday=WINNER day
WEd=WILD EMOTIONAL ROLLER COASTER
Ths= challenging start & calmer after
Fri= socialize today
22nd energy outlook calls for the END OF UNRESTRAINED EXPANSION
23rd = A STORMY DAY

This week's BAR cycles
keep in Mind that BAR cycle hits are ALWAYS pivot lows
EVEN if MUTED & barley noticed -

IF one of them is SKIPPED over then the next one
is more likely to be more pronounced.
______________________________-
Monday
30bars @ 11am
60bars @ 1:30
90 bars @ 4pm, which COULD Actually hit at OPEN Tues, but I doubt it
If it did, that would be a great buying OPP
62%/13day at 11:15
11 to 11:30 MOST likely time to expect the LOD
power index SHOWS that SAME thing also- down early - up, and lower later
Will publish EKG when more complete.

Tuesday
120bar at noon OR 126 bars @ 12;30
150bars at 2pm OR 156bars @ 2:30
But since the day is mostly biased UP, they really wont matter

Wed
180bars @ 10:30am
204bars @ 12;30
228bars @ 2:30
78.6% /13day @ 12;25pm

Thsday
258bars at 10;30am

Fri
90bars at 11;30am
126bars @ 2:30 pm


Jay

May 14th EKG

I wont be available in the AM

204bars @ 1-:30
258bars at 3pm

55%/ 13 day at noon

Jay

May 13th EKG

4pm May 13th
AS we have seen MANY times the MKT FELL off in the last hour this time during the SAME
trading day. Often the EKG shows the late day higher than actually occurs, so NOW we KNOW
its NOT the amplitude that counts, ITS THE DIRECTION.
Sorry about the delayed publishing of the EKG- unavoidable interference this AM

Yesterday displayed a late day high, but the drop off never occurred

Today replication appears accurate up til 11am
DOWN open
Recover at 10;45
second dip at 11am
high at 10:45 @ spx 1174
IS that high enuf or is there one more run up coming after the NOONish lows?

120bars @ 10am was a dip
150bars at 12:30
180bars@ 3pm

Contrary to the MAY Map, we may NOW see 3 days off to a low on MONDAY
YES -- MONDAY May17th which seems to indicate some kind of Financial BLOCKAGE

in contrast- Tuesday May 18th read calls for resolving recent problems from
the day before, and thus STILL has potential for strong rally day.

Propensity index has been dropping steadily from a high of 3017 on the 11th
to NOW at 2993 at 11am today, but STOCK prices HAVE NOT responded in like kind-
at least NOT yet
I say that because we had a similar picture LAST WEEK as it dropped from a similar high
to a flattened low from the 4th to the 9th, but stocks did not respond until it got to its lows

more later
Jay

May 12th EKG

The LATE drop off on the EKG appears to have hit at open on the 13th.
today's EKG seem to indicate a TURN today from a mid day high

which makes tomrrow much more important

note that the limited view of tomrrow's EKG does show it lower

Today's bar cycles
60b @ 11:30
90b@ 2pm

13day cycle segment at 10:42am

Merc direct will try to push back toward the spot where the retro began at 1200
on Arpil19th, but I doubt it will succeed, and thus a failure today should lead to
much lower levels in the next 2 days

Jay

May 11th EKG & Power index update

As we can see from the above spx of today, the EKG did perform well- AGAIN
POWER index above should be more representative of actual events
published 5/11 @ noon

As per the power index we have a reversal in play today

how low can you go?

as discussed in yesterday's comments, we might expect 50% to 60% back to spx 1100 area
in next 2 days thru 13th

bar cycles
258bars at 1pm
30bars at 3;30

Merc direct tonight might give a boost to tomorrow's open,
but I dont think it will have follow thru till next week

Jay

May 10th UPDATE

IMF Bail out


POWER Index SPIKE, a day earlier than expected

Jay

Power index THIS WEEK May 10 to 14

Prelim EKG posted at 7:30pm on May 9th- will update at 8:30 IF any change is expected.
If the US Mkt opens in a panic as above seems to project, then I will be out of short positions
at 11am to 11;30 latest since that's where the 156bar cycle meets with the 13 day cycle.

Since the above ALSO shows a strong rebound off that low,
there is NO reason to watch profits evaporate after Europe closes for the day.

Last week;s power index showed a STEADY decline for stock after the 3rd
needless to repeat what really happened -gg

Im reading that Many are expecting the 18th to be a LOW for stocks

I am in the OPPOSITE camp for that date
Scroll down to SEE my May graph for the details

Computer glitch or not, what was supposed to happen, DID happen,
and there should be MORE coming.

3wave thrust or "C" waves can behave as it did on the 6th

Often times, in situations like this we see the subsequent decline within a few days
as I HAD BEEN WARNING about a repeat of April 2000,
and it sure has been so far

Jay

USE the CHAT ROLL if your online here at 11am

Chat ROLL seems OFFLINE

BOT short on last rally at 12;21 as I indicated might offer a quick run up

SPX got back to 1127

Reza
SPX high at 1220
- 120= 1100 & 200 day at 1095
got to 1070 intraday Thsday on a wave 3 THRUST
wave 4 NOW seems to be in progress with MAX highs at 1140 = 80 pts from high

10:20 was 13 day cycle SEGMENT pivot low within 8 minutes - actual at 10;28

Monday has next 13 day at 11;26 along with 156bars at 11am
and as today, SEEMS to have keyed the LOD off EUROPE close

Multiples of 40 pts are the RULE of THUMB for the SPX
thus
1220- 160 = 1060 , and very close to yesterday's intraday low
could that offer another attempt on Monday ??

that level of 1060 also = 13% fibo
Its a level that I had mentioned in March

It would be typical for a wave 5 to close on its intraday wave 3 low

any other scenarios are welcome for discussion

13th with MERC direct and new moon does offer the next pivot for a BULL trade

more later
Jay

May 7th EKG UPDATE

This might be a little more accurate for today

and a late sell off or WEAK afternoon should lead to a continuation of the sell off into Monday

Monday cycles
150 bars @ 10:30
180bars @ 1pm
204bars at 3pm

IF we get a SHARP retreat on Monday in the FIRST hour, that should set the lows for the week
as the next 2 days SHOULD settle into a narrow range, thus getting ready for UPSWING later in the
week on the 13th and or 14th along with Merc Direct & new moon

Jay

May 7th EKG

Todays frist hour might NOT be a strong as the above shows
but
MY EKG today MATCHES the chart from Xtide

Today's read is for POSITIVE $ matters,
but it will be hard work - in other words, imo, not a moon shot

as opposed to yesterday which read
power struggles
things are off kilter- wow they sure were -gg
stressful day - to say the least

Today's cycles
90bars at noon matches EKG
126bars at 3pm, typical hourly turn means the close could be the best of the day

more later
Jay

May 6th EKG

TODAYS plunge to 1070 was ONLY real for Anyone who was LUCKY enuf to trade at 2:45pm
Activity index was at 400 at 5am
Now at 166 at 8am

cycles today
258 bars at 11am
30bars @ 1:30
60bars at 4pm

Tomrrow calls for a better money day, but the power index as pictured has not changed and
shows a continual slide into the 10th to start

Does the European problem equal the Asian problem of 1998 & is it the start of recognition
of a WORLD problem effecting WORLD markets just as Lehman Bk in 2008????

Funny how all this comes out AFTER the mkts REACH max FIBO goals of 62.8%

more later
Jay

7 day power index view

no explanation needed

Jay

May 2010

I felt this May projection worth repeating

6th has negative energy and should represent a low close this week

7th has positive energy, but does NOT offer a REVERSAL

10th = possible EARLY morning low with 13th as stronger TURN higher into the 18-19th

Jay

May 5th EKG w closing spx for comparison

Timing for today

180bars at 11am
13 day cycle at 11am

204 bars @ 1pm
228bars at 3pm
Today is marked as a Gann turn, but it looks very much like that hit yesterday

it also looks like April26th at 1220 might be it for a while as described by my math examples

The May chart stands as published

more later
Jay