Wednesday, June 16, 2010

June 16th - EKG became available at 10am

Score another Success for the EKG
note the OBV rising and holding last hour
Jay


update @10:15 am EKG

EkG will be delayed this morning
but
power index shows yesterday's SURGE continues higher
Activity index is now at 400 level, also surging higher with the power index

bar cycle pivots
126b @ 11:30
156b @ 2pm
180b @ 4pm, and or open tomrrow

PC ratios that were Strongly bullish Monday
and NOW still mildly bullish on yesterday's close

Advance/ decline yesterday was 5.7/1
volume ratio was 23.8/1 advancing over declining
which means there is lots of MOMENTUM to continue the surge

Jay
at

37 comments:

  1. San10:35 AM

    Dow jones support and resistance line in chart
    http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-support-and-resistance-lines.html

    ReplyDelete
  2. rrman12:55 PM

    Helge says we go down until around 4pm central then rally into the open tomorrow then down day tomorrow looks like this will just be a correction day on a uptrend topping Friday at close

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  3. AS1:03 PM

    Rman - I have a feeling that Helge has inverted forecast again this week ... if we surge into the close, then that will be confirmed, then thu / friday should be pullbacks ...

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  4. rrman1:32 PM

    well friday is triple witching op ex so who knows

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  5. Reza1:33 PM

    rrman

    AAPL is telling to scale into shorts

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  6. San1:43 PM

    Dow jones has been showing negative divergence in hour chart. But the price is refusing to come down

    http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-negative-divergence-hourly.html

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  7. Reza1:53 PM

    As I mentioned earlier, EPS wise Dow 11200-7%= 10416. They are looking for buyers at this level. Lets see how it ends up.
    Nasdaq - 2535-7%= 2357

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  8. Reza1:55 PM

    S&P 1220-7%= 1135

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  9. Reza1:58 PM

    $rut 750-7%= 697

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  10. rrman2:05 PM

    im not following you Reza

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  11. Reza2:09 PM

    rrman

    S&P analyst guidance for the coming quarter. So if they take anything above this level, is safe short. For example Dow anything above 10416 is shortable, because earning wise this is what they have forecasted. Look at BBY yesterday, guidance for the quarter after is lower

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  12. Reza2:19 PM

    They are having hard time getting buyers above 10416, only on the Dow

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  13. Reza2:35 PM

    AAPL is saying, we are at the top

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  14. gin2:55 PM

    Anyone see this slugfest running into mid next week before a big drop?

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  15. AS3:34 PM

    Why is AAPL saying a top Reza - we may have a breakout on our hands if it goes higherr tomm ...

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  16. rrman3:34 PM

    I have traded the /6e euro since december to get away from the manipulations of the /es that was going on....since the /es has hooked itself to the dollar trade the euro is all messed up they are somehow manipulating the forex it looks like to me we are pretty well where they want us for op ex...they might take us down slightly below 1100 to kill the in the money options but looks to me we just chop in a small range the rest of the week...

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  17. rrman4:15 PM

    ok i just got a buy signal on /6e euro so i'm long helge says sharp rally into midnight i would think since we didnt get the big down wave today that we won't get the big up wave but it seems we want to go up so i'm game

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  18. crissy5:14 PM

    rrman, I've got € going up from tomorrow roundabout 13:00h €uropean time until 21st

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  19. Jay Strauss5:50 PM

    NOne of you are reading the daily readings

    SO FAr they have been EXCELLENt
    Tomrrow says
    Aggressive AM
    Caution later
    ___________
    Fri
    Lack of harmony
    watch your valuables

    Still got 26 hr cycle due at 10am tomrrow to 11am, and UNLESS
    they POP up 100 dow pts at open, we really should see a Peak & strong TURN at 11am

    WE'll see what the EKG shows us
    was perfect today AGAIN
    Jay

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  20. rrman6:59 PM

    sounds good jay you been on it all week

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  21. crissy7:55 PM

    Jay, I listen,

    but I never saw us a a listening company over here.

    It's up to you, to keep quiet or bring us in.

    And - chapeau !

    ReplyDelete
  22. crissy9:22 PM

    And- by the way , it'll be up to me, to do a chemotherpeutical treatment at home or in hospital.

    Another luck, maybe.

    One always has the ! choice.

    To be part of a community or follow just like a sheep.


    As I know you for a very long time know, I can't believe that you want to make us sheeps.


    This is all but an affront gainst you,just food to think.

    Keep you in my arms,

    crissy

    ReplyDelete
  23. xenne11:45 PM

    thanks jay. i am already short eur/usd eur/jpy spx es ... maybe i'm early...but i see bear flags across the board.

    cementzak

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  24. AS12:17 AM

    Jay - your reading have been spot on this week :)

    Look forward to them working out tomm / Friday as well ...

    From the readings seems like a pullback coming as well as form the EKG ...

    I am holding some July TZA calls that I entered on Tuesday EOD - which were down all day but BE by EOD ..

    Can you share what the reading are for next week ? Trying to decide if I should close by Friday or hold till next week ..

    Thanks a lot :)

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  25. rrman12:18 AM

    look at the declining channel on the /dx 1hr it matches the one on /6e perfectly we're going back to the bottom of the channel on the /dx then reverse Helge says we are going to run this channel 4 more times before close Friday ...looks like easy money

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  26. rrman12:54 AM

    looks like 1.2311 should be the top of the range and
    1.2277 - 1.2257 should be the bottom
    on the Euro I'm sure the /es has a similar channel

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  27. rrman1:11 AM

    /es channel very clear we're at the bottom now 1104 1113.7 is the top

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  28. rrman1:13 AM

    looks like we're trying to reverse now will set order to sell at 1113
    should be 4am ish to ride the channel back down ..

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  29. xenne5:25 AM

    markets just exploded, i wonder why. dollar got hammered. guess jay was right after all, too early to short ;)

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  30. rrman6:58 AM

    /es ran back to the top of the channel now we go back to the bottom trading range until tomorrow close
    cementzak

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  31. crissy7:19 AM

    outlook € changed: high today around first hour us trading, down into tommorrow morning €urop. time.

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  32. rrman7:33 AM

    yeah crissy i got blindsided by the euro blew threw my channel all the way to 1.24 /es worked perfectly in the channel ....at the top now

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  33. xenne8:37 AM

    ES 1117 is key

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  34. AS8:45 AM

    What price is the bottom of the channel Rman ?

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  35. xenne8:52 AM

    So did the last push happen premarket and is it game over for the bulls - or will there be another test of 1117 during trading hours?

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  36. rrman8:57 AM

    1104 1113.7 is the range ....helge says we have a couple more runs of this channel then we top out Friday at close and we need to short the kitchen sink it is a rising channel so 1104 will go up gradually and 1113 will go up gradually

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  37. rrman9:01 AM

    cementzak I don't think we make it that high but the dollar is pushing for its higher low on the 5" chart so should get chance during trading hours to go short

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