GOT an early appointmentmore later
Jay
MORE NOW 3:55pm
Activity index was FLAT at 66 ALL NITE
AT 10am it jumped up to 200 and held for an hour
Made 3 steps lower to 100 at noon
Now reading 66 at 3;30pm
If 204 bar low pivots at 4pm, then tomrrow should open higher
but at 3;45, its starting to look like it will pivot tomrrow, unless the next 15 min takes out
today's 11;15 low- at 3:55, the mtk is WANING into the close but the actual PIVOT DIP
appears it will occur at the OPEN tomorrow.
KC,
todays pivot at 11;15 was due at 11;30 at 150bars
such variances are common, but not always frequent.
THEN
180 bars did PIVOT almost exact at 2pm, within a few minutes
power index did indicate a lower day today with a low reading of 300,
but the next 2 days does indicate potentially higher @ 450-500
Early reading of the data from the EKG shows possible pivot low
OPEN, matching the 204 bars pivot low, but recovery right after,
maybe even as early as 10am, on a high energy lunar effect.
energy indicates late date drop off, but once again, I dont have all the data yet.
Today's EKG, just like yesterday showed a LATE DAY SELL OFF
which at a second look, appears it did occur BUT at the OPEN on the NEXT DAY,
and today looks about the same.
Jay
I agree Jay.
ReplyDeleteThis is IT.
Down we go for the week.
Thanks Rick
ReplyDeleteNot what I projected via the data prior to today, but it certainly looks that way
Today starts with
126bars at open
78.6%/13 day at 12;25
204bars at 4pm or tomrrows oopen
Jay
Remember panic days between now and march 30
ReplyDeletehttp://csiwallstreet.com/march-2010.htm
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteHi Jay
ReplyDeleteWhat is the significance of 126 bars versus 204 bars? Or maybe the question is what is the significance of a high bar count versus a low bar count?
KC
ReplyDeleteYour reading it wrong
ITS A 21 hour cycle broken down into
a 258 bar cycle
Prominent lows daily pivot at every 30bars, but NOT ALWAYS, depending on what other forces are in play, but IN general - its the mkt RYTHM
Thus within a 21 hour period or 258bars we will see more frequently than not a pivot at
30-60-90-120-150-180-204-258 bars
SOME ARE ONLY MINOR especially in an UPTREND
ITS NOT EASY TO TRACK, and thus we dont ALWAYS get the pivot we are expecting
BUT
they do happen more often than not
TRACK the 21 hours from the last pivot and you can start your own track
IT WAS DUE at NOON on Monday
but the OPEN was at 228Bars, a not so frequent pivot, but it does occur on occasion so I must be aware of each potential
ITS A GREAT CONCEPT to follow for INTRADAY traders such as rrman
after 258bars on Monday, the mkt trudged higher to yesterday's close
NOW
126bars, a not too frequent pivot was DUE at open today, thus the plunge
EVEN IF the EXPECTED pivot DOES NOT OCCUR, YOU MUST KEEP THE TIMING IN TACT- do not get thrown off track
other forces might mitigate the expected, and that means the NEXT pivot should become more prominent
Jay
Thanks for the explanation.
ReplyDeletei have a turn scheduled for 1:10 today,lets see how much of a reaction, if any it gives.
ReplyDeleteActivity index was FLAT at 66 ALL NITE
ReplyDeleteAT 10am it jumped up to 200 and held for an hour
Made 3 steps lower to 100 at noon
Now reading 66 at 3;30pm
If 204 bar low pivots at 4pm, then tomrrow should open higher
but at 3;45, its starting to look like it will pivot tomrrow, unless the next 15 min takes out
today's 11;15 low
KC, todays pivot at 11;15 was due at 11;30 at 150bars
such variances are common, but not always frequent
180 bars did PIVOT almost exact at 2pm, withing a few minutes
power index did indicate a lower day today with a low reading of 300, but the next 2 days does indicate potentially higher @ 450-500
Early reading of the data from the EKG shows possible pivot low
OPEN, matching the 204 bars pivot low, but recovery right after, maybe even as early as 10am, but I dont have a complete picture yet.
energy indicates late date drop off, but gain I dont have all the data yet.
Today's EKG, just like yesterday showed a LATE DAY SELL OFF
which at a second look, appears it did occur BUT at the OPEN on the NEXT DAY, and today looks about the same.
Jay
Jay