As we can SEE from the IMPACT stream above, the ENERGY pattern is in WANING MODE
and the mkt is dropping from the open highs. THE HIGH ENERGY pattern ended at 8:40 AM.
THE POWER GRAPH also shows the same for today, and a possible low pivot tomrrow agreeing with the Alphie chart. -
180bars @ 2:30
Commodities selling off today - CNBC wants to know why- guess they thought it would go UP forever- well we all know what happens when the majority think that way.
Jay @ 1pm
Jay
10 comments:
"Commodities selling off today - CNBC wants to know why"
They have gone UP too fast, today is profit taking.
I will be buying Gold/miners when $900 and when silver at $15-$18. It will come down.
Pretty weird action for a Tuesday. If this was Wednesday I'd chalk it up to a classic Wednesday reversal, but it's certainly not Wed.
So we popped out of the gate and then drifted slightly red. If they were serious about selling, they certainly could have done a lot of it by now. But instead they're taking profits here and there. Look at Gold, oil, commods.. that's definitely profit taking.
I have to say the volume on the oil, commod dump is really impressive. If I'm right about a coming market dip, someone's anticipating getting out of their high fliers right here and NOW.
Armstrong said that $950 bottom of support channel for Gold, around June '11
It looks to me like NO ONE cares or uses the daily EKG, so I guess I'll stop spending my time providing it, & updating the data
Jay
Jay, I like your daily EKG and think that you are remarkably accurate. Always enjoy your site, and sorry for not posting more.
Jay, I very much appreciate the EKG. Hope you continue to post it. Today was great!
Hi Jay
The EKG is the ( also ) the Magic of this blog.. please dont take it down..
Is there any magic to signing in to this blog...it looks like I always have to create a new blog, before leave a comment ?
Mike
Ps. looks like the market is heading down until Feb/Mar
Mike, Im not sure why you are signing in
this blog is OPEN & FREE
maybe publish your comment requires
something extra-
Can anyone else help Mike out on this?/
thanks
Jay
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