Once again the end of the day could have been deeper, but direction counts more than amplitude, so, an end of day drop off did occur, and more is expected tomrrowJay
The IMPACT stream clearly shows the higher open and subsequent dropTodays POWER data shows the day weaker, leading to a low tomrrow Am before rebounding
Jay
4 comments:
Dear Jay,
Can you please post the power graph for this week?
Thank you.
We get a 6 - 8 billion POMO push today. Then we get another 4 - 6 billion action tomorrow. That gives Goldman and JPM and the white shoe boys a lot of extra Christmas cash to go play casino with. With that in mind, we "should" creep sideways and slightly up again today.
Activity index ran up to 500 at noon
and dropped back to 100 at close today
what does that mean for tmorrow?
NOT sure how to answer that, but there is STRONG NEGAtive energy
at 10:30am tomrrow
Power data graph indicated a lower day today which did NOT occur, but it certainly wasnt a bull delight either
After a lower open, the POWER data shows a rebound for the day
and lower for Thsday & Friday
Energy for Jan 3rd shows it as an OFF DAY, then the 4 to 6th recover
Jay
THIS IS THE MOST UNEXCITING market
we have seen for quite a while
When will that change?
Jay
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