As we have seen many times, the END of day drop off did not occur today, but is EXPECTED Monday at open which will validate the ekg below
Jay
BEARS return with a vengeance tomrrowPC ratios are 100% bearish
OEX ratio = .30
3rd day in a row with outrageous low value- HUGE CALL buying
26 hours at 10am and or 1pm
DISRUPTIONS, Tempers & accidents
Jay
MORE NOW @ 8:30am - Friday
EMPLOYMENT Numbers TICK MUCH LOWER than ANYONE expected
Thus we NOW see the validity of the EKG published LAST night at 7pm
and the DAILY reading for CHANGE- Jay
9 comments:
Dear Jay,
According to your EKG, futures will be down overnight and premarket with a lower open tomorrow, rally during early part of the day followed by a drop later to close in red. Am I interpreting it correct?
TIA
Pramod
Correct For the most part, but check back at 8:30am
Thanks for asking
Jay
tomrrow could get very nasty
Thank you.
I tend to think something like this could happen tomorrow: we gap up on the jobs numbers, but then weaken later in the day.
we had to see 10,700 before we push higher to 11550
Delaying Tax Vote Could Crash Stock Market
http://politics.usnews.com/news/blogs/washington-whispers/2010/12/2/delaying-tax-vote-could-crash-stock-market.html
Dear Jay,
At what time is the high of the day based on your EKG?
Pramoud
EKG does NOT predict TIMING during the day
ONLY DIRECTION
Other data comes into USE for intraday timing
First -Scroll down the main page to get the DECEMBER monthly graph
IT shows NO crash, but mostly sideways movement with DEc 21st as an important cycle convergence pivot low
second , check the daily publication of the bar cycles which show hourly pivot lows
then, any high energy times for the day
TODAY
Neg energy at 9 to 10am
pos at 10:51
neg enrgy at 3:55pm
26 hrs at 1pm = possible high
90bars at 2:30
Jay
Monday opens down even harder than today
If even a worst jobs report can't make the market tick down, one really has to wonder.
Abdullah
that simple shows the value of such information
CNBC loves to make much ado about
NEWS items that occur when the mkt rallies, and try to back burner when its not too good
BUT its not the news that counts
its WHEN it occurs in the transit of the cycle
Bad news does not effect badly in an uptrend, but might get some attention a day or 2 later
in a downswing
and so forth
Thats why TECHNICAL data, compared with wave counts, cycles, and enrgy all come into play much better than NEWS
WE were all warned about Nov 30th as 144 tr day pivot and possible rally on 1st or 2nd
Now we are forewarned about pending lows on 14-15th, and again on 21-22
Jay
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