previously mentioned was the TECH data provided by the ARMS index for 7days in a row leading to a 10 day arms index/trin of 642 Lowest ive seen it in 7 years and such a low value confirms the 5day arms & 5 day trin all SCREAMING SELL
Propensity index has dropped considerably over the weekend and I will publish the EKG Monday
Power index shows DOWN all week except for Tuesday
Monday's bar cycles indicate potential for 329bars at 3;45pm
However, 90 bars also hits at 10:30 on Tuesday and could set the stage for a rebound from there into Wed AM which indicates a good start by the reading
Those who are day trading should be flexible and play the intraday turns as per the 21 hr/ bar cycles
those who are position tradings can hold to the 26th at close OR catch Monday's low after 3:30 re-enter at wed open
The MOST tricky day in the cycle will most likely be the 26th which should offer a SOLID UP open with a SOLID DOWN CLOSE.
We can confirm that later with the EKG, but not till Late Sunday
Yellow Line Above
Notice Helge NOW thru May 6th -- BLUE LINE
previously mentioned was the TECH data provided by the ARMS index for 7days in a row leading to a 10 day arms index/trin of 642
ReplyDeleteLowest ive seen it in 7 years
and such a low value confirms the 5day arms & 5 day trin all SCREAMING SELL
Propensity index has dropped
considerably over the weekend and I will publish the EKG Monday
Power index shows DOWN all week except for Tuesday
Monday's bar cycles indicate potential for 329bars at 3;45pm
However, 90 bars also hits at 10:30 on Tuesday and could set the stage for a rebound from there into Wed AM which indicates a good start by the reading
Those who are day trading should be flexible and play the intraday turns as per the 21 hr/ bar cycles
those who are position tradings can hold to the 26th at close
OR
catch Monday's low after 3:30
re-enter at wed open
The MOST tricky day in the cycle will most likely be the 26th which should offer a SOLID UP open with a SOLID DOWN CLOSE.
We can confirm that later
with the EKG, but not till Late Sunday
Jay
Monday is Apr19th which has been coined a day of infamy historically by Erik Hadik.
ReplyDeleteFriday was Armstrongs Economic confidence TURN date- not neccessarily a stock mkt turn date, but they can coincide
BTW, there is SO MUCH BLAH BLAH BLAH at some of the OTHER Financial BLOGs, it is nausiating, and impossible to read
more later
Jay
1.3488 long /6e
ReplyDeleteHelge says we have bottomed for the night now will go up until 10am central tomorrow
well that didn't go so good got piped out
ReplyDelete