Now we can COMPARE the ENERGY readings with the above graph for this weekMonday= financial blockage
Tuesday=WINNER day
WEd=WILD EMOTIONAL ROLLER COASTER
Ths= challenging start & calmer after
Fri= socialize today
22nd energy outlook calls for the END OF UNRESTRAINED EXPANSION
23rd = A STORMY DAY
This week's BAR cycles
keep in Mind that BAR cycle hits are ALWAYS pivot lows
EVEN if MUTED & barley noticed -
IF one of them is SKIPPED over then the next one
is more likely to be more pronounced.
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Monday
30bars @ 11am
60bars @ 1:30
90 bars @ 4pm, which COULD Actually hit at OPEN Tues, but I doubt it
If it did, that would be a great buying OPP
62%/13day at 11:15
11 to 11:30 MOST likely time to expect the LOD
power index SHOWS that SAME thing also- down early - up, and lower later
Will publish EKG when more complete.
Tuesday
120bar at noon OR 126 bars @ 12;30
150bars at 2pm OR 156bars @ 2:30
But since the day is mostly biased UP, they really wont matter
Wed
180bars @ 10:30am
204bars @ 12;30
228bars @ 2:30
78.6% /13day @ 12;25pm
Thsday
258bars at 10;30am
Fri
90bars at 11;30am
126bars @ 2:30 pm
Jay
5 comments:
I do think that if we don't get any bad news out of Europe they will stage one of their classic "the world is wonderful" bounces on Monday that might go as far as into Wed morning, but I think that if it happens, it's time to really load the short boat.
Thanks Abdullah
We cant depend on what if's
So far, the data reflects the opposite of last monday
the energy data for the 24th/25th does allow for upside bias, but might be disappointing for those looking for the moon, again
400 pt rally Mondays are rare
but typical in bear mkts
only to be given back soon after
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Titanic syndrome was introduced on
May 6th FLASH 1000 pt crash day
HUGE WARNING
8days after the APRIL 26th recovery HIGHS, we had new high lows ratio of 52/218
52 highs
218 lows
Supposedly means DANGER- DANGER WILL ROBINSON
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Just when that will occur is the next item of discussion, and will it occur all at once, or stretch out over a few months??
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more later
Jay
Frank Barbera on Fin sence .ocm
http://www.financialsense.com/fsn/main.php
is a very astute technitian
he mentions 970 on the S&P as a possibility. He's focused on the Euro tanking indicating the problems of Europe who is China's biggest customer (China is crashing)
he speaks in min 8-22 or so. Good listening if you want a Titanic scenerio of unfold
On Wed next week the unions of Greece will stage a march followed by a strike. Violence like 2 thursday's ago?
Thanks Ben
I'll take 100 to start for now
jay
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