Tuesday, June 01, 2010

Power INDEX this WEEK - June 4th

AS IVE MENTIONED several times- looking for Moderate positive on 1st & 2nd
even tho is looks BLEAK at the JUNE 1st OPEN as SPX futures are off about 13.00

And June 3rd OPEN should look EVEN MORE BLEAK at open- similar to May 25th
as several short term CYCLES converge at 10am as mentioned in prior posts.

Jay
at

14 comments:

  1. AS3:14 PM

    Rman - you seem to be spot on till now ... q to see if we get our rebound now ...

    ReplyDelete
  2. AS3:15 PM

    Jay - this chop zone means that you can't really make any money - how are you playing this?

    ReplyDelete
  3. Jay Strauss3:40 PM

    Holding Short for Tuesday AM
    somedays just cant make any $$

    should make up for it
    Thsday AM

    Follow Pivots for exit & entry points

    Thats why I dont post MULTIPLE highs for the day, but do give the most probably important
    pivot dates & times

    Too many people try to be all and Make it tooo complicated

    ReplyDelete
  4. Jay Strauss3:41 PM

    SORRY

    WEDNESDAY AM

    Short term CYCLE CONVERGENCE

    See the POWER INDEX GRAPH

    Jay

    ReplyDelete
  5. Jay Strauss6:40 PM

    BOy am I mixed up
    get one day off and its like HUHHH


    THSDAY June 3rd as the power index shows is the convergence date at 10am

    Today
    Jaywiz INDEX = .25
    OEX pc ratio = .52

    DEM BULLS ARE BUYING this dip BIG TIME

    MORE DOWN Tomrrow and Thsday AM

    1079 got taken out
    now look for 1064 then 1054 & 1040

    the MATH model shows spx 1008 as potential low either this week or Monday June7th

    1220 - 666 = 554 pts
    554 x 38.2% = 211
    1220 - 211 = 1009
    ____________________
    900 pts lost in 2008-09
    900 x 23.6% = 212
    DITTO = 1008
    __________________

    June 2/3rd = Bradley date

    Jay

    ReplyDelete
  6. Jay Strauss6:41 PM

    More OIL
    More international disruptions
    ADDS to the STRESS this week

    Jay

    ReplyDelete
  7. rrman9:06 PM

    hang on tonight guys next few days are going to be like riding the space shuttle (from the launch pad) :-)

    ReplyDelete
  8. AS9:50 PM

    Rman - can you share whether upside or downside - long and hurting :O

    ReplyDelete
  9. AS9:52 PM

    It seems like everyone is so bearish - everyone on the blogosphere is so bearish ... calling for P3 ...and positioned for it ....

    Will the mkt let everyone make easy money ?

    ReplyDelete
  10. rrman9:57 PM

    AS look at the first chart...

    http://www.cyclelt.com/INT.htm

    I'm long /6e the euro and holding thru until tomorrow close long

    ReplyDelete
  11. San10:44 PM

    Dow jones EOD Analysis

    http://niftychartsandpatterns.blogspot.com/2010/06/dow-jones-eod-analysis.html

    ReplyDelete
  12. AS11:07 PM

    Rman - yes looking at the same ... so basically this is just a 1 day swing ?

    I thought initially we were expecting a move up into the 7th ... now seems to be more flat

    Chart 5 shows huge move up tomm ... pause on thur and move up into fri - is that what u see too ?

    ReplyDelete
  13. AS11:10 PM

    Just to clarify - am long and only swing trade .... 2-3 days ... my positions are deep underwater in options since the chop is killing the june options ...

    ReplyDelete
  14. RickyBobby11:43 PM

    rrman

    r u sure?

    maybe if the shuttle blows up.

    going down from here. maybe new lows from what I see now or higher low.

    ReplyDelete