Could have been a better ending for the bears, but NOT TODAYJay
LOOKS LIKE Futures pointing to HIGHER OPEN26 HOURS at 10am could be HOD, not lod
BUT
today's reading is still negative as previously published
A SOUR day with bad reactions
Fear clouds thinking
Friday AM is projected to open HIGHER ALSO
gives Monday & Tues opp to open lower both days
156bars @12:30
180bars @ 2:30
Neg energy at 3:46pm
Jay
6 comments:
NEW IMPACT indicator now in testing phase DID SHOW REBOUND this AM, but its ONLY good for the present and has NO predictive benefit
I'll track it for a while to see if it has any value for this blog
Jay
Jay
any sell off today due to holidays
The ENERGY depicted by that IMPACT
indicator SEEMS to be WANING as of the 10 to 11am hour
Its Amazing how they STRUGGLE to give up a lousy 140 dow pts, and it takes less than an HOUR to recover most of it, at least for the moment
SO< it remains as mentioned by
futures trader that the BULK of ANY decline should come on NOV 29/30
Jay
Reza
We may have seen the HOD at or before 11am today
It is possible that the reading for today & tomrrow have flipped thus
we will NOT see negative results until Friday
the rest of the world doesnt stuff their faces with Turkey
tomrrow
Jay
Tuesday's Arms index @ 2.92
90% down volume
50% PC ratios
all gave a buy signal
but opening gave no one any chance to opt out
******
Todays Arms index @ .48 & 90% Up vol
might signal a reversal
Jay
Happy Thanksgiving Jay!
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