Wednesday, May 05, 2010

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
at

11 comments:

  1. Reza8:24 AM

    Jay,
    Does this match up in reverse

    ReplyDelete
  2. Reza8:25 AM

    Joe8888 posted this one. Jay do u have any analysis based on this

    http://content.screencast.com/users/chartwiz/folders/Jing/media/1c83f5e4-7c6b-4e34-8986-d6b86c54811e/2010-04-30_1605.png

    ReplyDelete
  3. Kc135a11:32 AM

    If SPY 117.43 holds as resistance the markets should dump later in the day or early tomorrow. Otherwise, more up.

    ReplyDelete
  4. ARAK12:06 PM

    ES 1155 to 1172.5 .. wow .. made me quite the nervous wreck trying a long today. Anyways, holding 25% with stop at 1160 after dumping 75% at 1172.5. Knife catching is sure a dangerous sport.

    ReplyDelete
  5. Kc135a12:50 PM

    Looks to me that 117.43 failed to become support.

    Party on bears. One more leg down to the low 115's should do it to the downside for a while.

    ReplyDelete
  6. AS3:05 PM

    KC - how do you get this stuff ... :)

    ReplyDelete
  7. Jay Strauss3:18 PM

    Reza,
    I dont know what you want from that chart. Ive already discussed now to August and Spt

    Arak et all

    Dont even think about longs until Thsday's close

    Neg energy all day
    along with 60bars right at close OR open Friday, but I think it will be at close - thsday

    If lower open Friday = A GREAT ONE DAY BUY OPP.

    Power index slips from 600 on Monday May3rd to as low at 250 on open on 10th, then spurts higher right after

    13 day cycle over taken with lower low at open and now at 3pm

    using 40 pt rule of thumb
    1220 - 80 = 1140

    Jay




    Jay

    ReplyDelete
  8. AS3:32 PM

    Interesting that if we cannot bounce here I am coming up with 1154 and 1147 as the level to drop, I think we bounce from there, if we cannot break spy 117 soon ...

    KC saw your other chart ... can you share how you come up with the projection after 115 level ?

    TIA :)

    ReplyDelete
  9. AS3:33 PM

    Jay - can you share what you see for aug / sept ... I saw your projections for May only ... and you were expecting a mid july top - is that right or is there additional info ?

    ReplyDelete
  10. Kc135a6:59 PM

    AS

    Simple 76.4% fib retracement. On less than a daily time frame all you need to know is the 50, 76.4, 100, and 127.2% extensions.

    Play with them, ..., they will amaze you.

    ReplyDelete
  11. Jay Strauss7:01 PM

    AS
    I published a GRAPH of 1938
    comparing to NOW

    the REBOUND high of 63% was followed
    by lower highs and lower lows for about 4 months.

    That would get us into Aug & spt
    Lows
    end of May
    End of June
    August 120th
    HIGHS
    Mid June
    Mid July

    Take a look at the 1938 graph
    does that not explain it all?
    Jay

    ReplyDelete