Friday, December 17, 2010

Day Traders EKG - Dec 17th -Eve Update

Today's EKG was AGAIN right on target, but we were thinking a more bearish day

however, tomorrow is a Bradley turn date making today a very likely candidate
to fit that timing

Jay

BOTH of the above depictions show energy WANING today, which agrees with the POWER data graph

will the market follow ? stay tuned to see the outcome and visit often for updates

Yesterday
258bars was due at 1pm but hit 30 min early at 12;30, spx at 1240
however
30bars due at 3;30 came in exactly on schedule- spx @ 1240

As mentioned yesterday, todays energy appears to wane as the above graphs NOW show

60bars at 11;30
90bars at 2pm

which means that 120 bars opens Monday at 10am
It looks like were finally going to get some RAIN on the bull parade
which might just carry out till the 29th leaving 2011 to open strongly

Jay
at

4 comments:

  1. stalion10:21 AM

    Option expiration days are tough to call, as the market generally gravitates to the level that would cause the most people the most pain. Right now..that would probably be flat to slightly down. So, there's a good chance we don't get too far today.

    ReplyDelete
  2. stalion10:34 AM

    Insiders Selling Ratio: 8280 to 1
    Update since last Friday close.

    ReplyDelete
  3. stalion4:11 PM

    So as I thought, we ended the day FLAT.

    ReplyDelete
  4. PZY5T01:43 PM

    Any affect on markets next week?
    http://www.montrealgazette.com/life/Solstice+eclipse+first+years/3983582/story.html

    ReplyDelete