Friday, May 07, 2010

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

14 comments:

  1. Jay,

    is that a two day chart or one day? the vertical line in the middle is a bit confusing.

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  2. I think its better to stay out of FAZ when S&P hits 105 next week. Because its the financials that are making money of this down time. Its better to stick to TZA & TYP

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  3. IYR & GOLD not a good idea to shprt as Goldman, JPM & Paulson & Co.are involved big on those.

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  4. For today look for 109.65, then close at 114.80 area

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  5. IGNORE vertical LINE
    Its just a background GRID, and has NO value

    Jay

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  6. Reza,
    I think 1090 or lower will wait for monday

    Jay

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  7. Possible targets
    FAZ next target - 16.62
    TYP 11.19
    TZA 8.65

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  8. Hope not making too much noises

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  9. Jay
    I think AAPL started the slide to 1090

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  10. Jay
    It did hit 109.58. I am not going on the long side for the time being. Short the pop

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  11. OK, Reza
    I agree
    I will look for a short later today

    After Europe closes at 11am, they should get quieter here

    13 day segment hit at 10:20, dow off 279, now bouncing back some

    HOW high is high ?
    1148, I doubt it

    Got a 3 wave rebound off yesterday's lows to 1135

    Today's low so far = 1096
    = my magical 40 pts differential

    looking for 50% recovery??
    would get us to 1115

    anyone got other price levels to short from??

    Jay

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  12. Great time to
    talk with Chat roll
    jay

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  13. AAPL's next target is 215

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  14. Cannot access chatroll, error - over capacity

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