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| This is as of 8:00am, but 8:30 data weakened the Futures- NO DRAMA tho And the IMPACT STREAM Above emulates WEAKNESS this AM |
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| Here we can see the PROGRESSION over the next 3 days |
Looks like ONE or TWO more tries to break out, but it doesnt look like they can hold
12,000 dow or 1300 SPX
Tomrrow's POWER DATA shows a lower day, and dotto for Monday
more details later NO, more NOW see graph on top
90bars tomrrow at 11am
Jay
I tried to place this comment at the top of the page but the system wouldnt allow it
BUT yuo can clearly see that what I published yeestrday and my comment about the power index
Showing today in advance was EXCELLENT
Impact stream at the top of the page showed late strength
Next 2 days do appear should be somewhat weaker and sell off some, but I dont expect any
thing dramatic.
Jay
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FAILING to break out voer 1300 & dow 12k is serious stuff &
The NExt 3 days has the FIRST BEST chance to see a little setback, but dont expect anything serious
IT will take some SERIOUS Strength to take the averages above this level but that wont stop them from trying
Distribution? or real buying
what does the volume and AD/DEC ratios have to say about that?
Jay
There continues to be fairly heavy insider selling, a pattern that began in the latter stages of 2010. That usually aligns with distribution tops. Of course, with the market floating on the largess of the Fed, who knows what the implications are?
Who will save the States & Muni's from collapse - WILL the FED step in like it did for too big to fail banks
Which State is TOO big to fail
which City is too big to fail
51 states and thousands of communities
Hmmm
The NEXT SHOE TO DROP in March
Jay
ITS GOING TO TAKE ONE HELL OF A SHOCK to SHAKE the BULLS out of their positions, but a PANIC IS COMING.
WHO WILL SAVE THEM THIS TIME??
Jay
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