If the theory holds true, we'll get red later today and possibly into tomorrow. Then we should see them rally the troops, circle the wagons and push us higher, basically "burning" the shorts. If I'm right that would last most of the week.
possibly, but I can't see a significant ramp up because it would trigger a larger cycle up and my version of Jay's 13 day cycle has not bottomed yet and is about to ramp down. I don't want to be long when that crosses down.
It's an oscillator I use, so I can't say when with minute accuracy. I just know visually when the minumin decline has been achieved. Aside from that there are a few other things I do to pinpoint the pivot.
don't get caught in the numerical labelling. Hurst refers to this cycle as the 20 day cycle. They expand and contract and I measure them differently than most. I'd rather call them a name like cycle "bob" than a number.
dunno,you can count 5 waves down now,i would like to buy here,but i just cant get no confirmation.i could see the ekg declining in the last hour in a kind of trading range,after another small high say 72.
ITS VERY POSSIBLE that IF we dont see a drop off late today then TOMRROW's 13 day cycle converging with 90 bars at 11am could be the LOW depicted by the power graph on Tuesday
ITS 3pm NOW the aCTIVITY INDEX has been anemic all day hovering at the 100 level
Typical 10am HIGH 11am was 270bars extended from 258, but allowed up to 12bars or 1 hour.
60bars muted at 3pm exactly made a slight dip, and we see the results of afterward as the mkt moves a little higher
UP MOVES WILL BE LIMITED this week regardless
13 day was JUNE30th at 11am and now tomrrow at 11am ITS NOT ALWAYS AN EXTREME LOW, but does OFTEN occur at strong pivot lows
Altho it did nOT perform that way in JUNE as the next 2days fell further
THE OBV for the DOW is considerably lower on the 3pm rally than it was on the 9:55am high, which usually indicates inherent weakness 3;25 MACD crossing over and Ult Osc taking a dive
yep, I sold too and went flat just before u posted. I got a top in for a smaller intraday cycle I track. Will wait for a better entry to go long again. time to re-evaluate.
ITS VERY POSSIBLE that IF we dont see a drop off late today then TOMRROW's 13 day cycle converging with 90 bars at 11am could be the LOW depicted by the power graph on Tuesday
ITS 3pm NOW the aCTIVITY INDEX has been anemic all day hovering at the 100 level
Typical 10am HIGH 11am was 270bars extended from 258, but allowed up to 12bars or 1 hour.
60bars muted at 3pm exactly made a slight dip, and we see the results of afterward as the mkt moves a little higher
UP MOVES WILL BE LIMITED this week regardless
13 day was JUNE30th at 11am and now tomrrow at 11am ITS NOT ALWAYS AN EXTREME LOW, but does OFTEN occur at strong pivot lows
Altho it did nOT perform that way in JUNE as the next 2days fell further
THE OBV for the DOW is considerably lower on the 3pm rally than it was on the 9:55am high, which usually indicates inherent weakness 3;25 MACD crossing over and Ult Osc taking a dive
DIDNT quite get the WHOLE SHEBANG but still a very
Most of the NEG energy today comes later in the day
Just bought more shorts! here
ReplyDeleteEKG for today looking good so far Jay.
ReplyDeleteAny update on the expected time for the high point on the EKG?
Thanks
Adding shorts here too! @11:30
ReplyDeleteRickyBobby,
ReplyDeleteI would think they ramp us up into lunch and hold us there until the afternoon before taking it later in the day. Jay's EKG could play out perfectly.
If the theory holds true, we'll get red later today and possibly into tomorrow. Then we should see them rally the troops, circle the wagons and push us higher, basically "burning" the shorts. If I'm right that would last most of the week.
ReplyDeletealesund
ReplyDeletepossibly, but I can't see a significant ramp up because it would trigger a larger cycle up and my version of Jay's 13 day cycle has not bottomed yet and is about to ramp down. I don't want to be long when that crosses down.
ES 1057 important support level, just connect previous lows
ReplyDeletecementzak
Ricky Bobby,
ReplyDeleteWhen does your 13 day cycle bottom if you don't mind?
Thanks
Let me guess... it's 13 days from July 15th right? I think so too btw
ReplyDeleteAlesund
ReplyDeleteIt's an oscillator I use, so I can't say when with minute accuracy. I just know visually when the minumin decline has been achieved. Aside from that there are a few other things I do to pinpoint the pivot.
sirguyan
ReplyDeleteu mean July 5.
don't get caught in the numerical labelling. Hurst refers to this cycle as the 20 day cycle. They expand and contract and I measure them differently than most. I'd rather call them a name like cycle "bob" than a number.
well it looks like the SPX is bear flagging while the index I use is triangulating.
ReplyDeletedunno,you can count 5 waves down now,i would like to buy here,but i just cant get no confirmation.i could see the ekg declining in the last hour in a kind of trading range,after another small high say 72.
ReplyDeleteafter8
ReplyDeleteI agree the SPX may have bottomed already. My index is just making a new botttom and my version of Jay's 13 day cycle is just about there now.
Rally is not far away now.
yep,if this is the start of a big drop,it needs to start finding some ooomph by close of today or its next stop 1100 i reckon ricky.
ReplyDeleteI covered all shorts for profits and have a long position now.
ReplyDeletepinched just over 3 points on the up move and flat now,certainly doesnt look like any late weakness coming.3 day cycle bottom in too by appearances.
ReplyDeleteITS VERY POSSIBLE
ReplyDeletethat IF we dont see a drop off late today then TOMRROW's
13 day cycle converging with 90 bars at 11am could be the LOW depicted by the power graph on Tuesday
ITS 3pm NOW
the aCTIVITY INDEX has been anemic all day hovering at the 100 level
Typical 10am HIGH
11am was 270bars extended from 258, but allowed up to 12bars or 1 hour.
60bars muted at 3pm exactly made a slight dip, and we see the results of afterward as the mkt moves a little higher
UP MOVES WILL BE LIMITED this week regardless
13 day was JUNE30th at 11am and now tomrrow at 11am
ITS NOT ALWAYS AN EXTREME LOW, but does OFTEN occur at strong pivot lows
Altho it did nOT perform that way in JUNE as the next 2days fell further
THE OBV for the DOW is considerably lower on the 3pm rally than it was on the 9:55am high, which usually indicates inherent weakness
3;25 MACD crossing over and Ult Osc taking a dive
yep, I sold too and went flat just before u posted. I got a top in for a smaller intraday cycle I track. Will wait for a better entry to go long again. time to re-evaluate.
ReplyDeletecould 3.30 be the HOD ?
ReplyDeleteWOULD BE LOVERLY if they close in the RED today
ReplyDeleteTomrrows LOW could extend to 2pm, and or even to 4pm
Jay
ITS VERY POSSIBLE
ReplyDeletethat IF we dont see a drop off late today then TOMRROW's
13 day cycle converging with 90 bars at 11am could be the LOW depicted by the power graph on Tuesday
ITS 3pm NOW
the aCTIVITY INDEX has been anemic all day hovering at the 100 level
Typical 10am HIGH
11am was 270bars extended from 258, but allowed up to 12bars or 1 hour.
60bars muted at 3pm exactly made a slight dip, and we see the results of afterward as the mkt moves a little higher
UP MOVES WILL BE LIMITED this week regardless
13 day was JUNE30th at 11am and now tomrrow at 11am
ITS NOT ALWAYS AN EXTREME LOW, but does OFTEN occur at strong pivot lows
Altho it did nOT perform that way in JUNE as the next 2days fell further
THE OBV for the DOW is considerably lower on the 3pm rally than it was on the 9:55am high, which usually indicates inherent weakness
3;25 MACD crossing over and Ult Osc taking a dive
IBM falling AH
ReplyDeleteJay, Today's EKG may extend till 11:00 am low as you mentioned.
ReplyDeletefutures dumping hard
ReplyDeletehelge has been inverted but the inversion is tradable trading range on the euro go long at close and short at open
ReplyDeleteRman - can you interpret what Helge is seeing for this week and next ?
ReplyDeletelooks like a trading range for a week or so then down for a low into the end of the month pretty much the same as Jay
ReplyDeleteBulls getting their horns rammed up the tushy this morning! I don't think there's a bottom anytime today for sure.
ReplyDelete