I was looking for a chart to post but not out there to my liking
anyway today is again showing MIXED results
futures are moderately lower toward open and so is the
activity index which is bouncing between low #s of 66 earlier at 8am
to NOW at 100 at 9am
Pwr index also lower for open but after a small recovery slips lower later
no real change from yesterday's outlook for today, except NO open high
Propens index shows potential for rally high to challenge 950 ONCE again
summary
after a lower open we should expect a rally to maybe noon to 1pm
then steady slide into close
I like the PROSPECTS for tomrrow according to the power index
which shows a HIGHER open, and steady sell off afterward like yesterday,
with possible later recovery.
As far a NEXT week
PANICS cannot be seen in advance UNLESS you are reading natural energy patterns
Jay
OK, OPEN rally HOORRAAY
ReplyDeleteShorted the rally again
Should sell off after 10am
Jay
Hi Jay:
ReplyDeleteSPX likely was in wave iv triangle since June 2 hi that completed e of the a,b,c,d,e at yesterday's low.
So we are likely in 5th wave with min target 962 where v = i. Higher targets possible.
How does that fit with your work?
Ravi
After 10am tomorrow? doesn't look like it will sell off anytime soon
ReplyDeleteAfter 10am tomorrow? doesn't look like it will sell off anytime soon
ReplyDeleteStrong market fueled by successful auction and BAC news. Doesn't look like its going to finish positive for the day. Bears again get skined
ReplyDeleteJay whats your thoughts still sell off into the close?
ReplyDeleteIts now 1;30 and they are still rising
ReplyDeleteSpx 956
Ravi
If 962 completes the 5th wave of this triangle, then
what happens AFTER 962 spx ??
Yes My indexes still point toward a lower close
2pm has a 13 day cycle which can extend out an hour & 258bars at 3pm
Astro turns negative at 3:45
and 5:45 as well as 10pm
No way to tell the impact until we see it , but it shuld be negative.
Im adding more shorts above 955
at 1:35
Jay
This comment has been removed by a blog administrator.
ReplyDeleteCHIEF
ReplyDeleteThis is the kind of comment I was referring to
I dont come over to your site and gloat when the bears are in charge, so why do it here??
***************
Never MIND, keep doing it
SNEORT all you like
It just shows me when we are near a TOP right at 1;41 pm
Thanks
Jay
Hi Jay
ReplyDeleteWhat do you mean "eyeballs"? I'm sorta naive on the term
Jeff
Hey Chief,
ReplyDeleteThe bears will have their day.
Spx to sub 600.
Yes lets hope thats the last of the bulls loaded on the truck, im also tired of their bellowing - on every site I visit
ReplyDeleteI dont like the way these currencies are behaving however, either they start heading south soon or I fear there may be more bulls to load.
Bought some tickets in the spx june put lottery, wish me luck!
Sorry Jeff;
ReplyDeletethought you were some I know
who uses that handle
_____________________
HI Velvet__
Tomrrow has ONE more shot to make another high midday
then we get to GROWL for a few days
see my posts for next week scattered throughout my blog
When Panics take over there are NO reasons that CNBC can drudge up
that make sense, BUT as Ive written MANY MANY times
They MUST come up with a REASON
because
PEOPLE WANT TO KNOW !!!
WHY did it happen???
Jay
This comment has been removed by a blog administrator.
ReplyDeleteHey Chief,
ReplyDeleteit will be a huge decline and i will be vidicated. Sub 600 spx