Market Timing-Whats Next -May 12th Morning report

May 12th @ 8am

 I published the EKG early simply because, IMO, the 8:30 am reports will only accentuate the negative

Daneric's page has 4 scenarios for the current trend.
#4 which projects that we have seen the top,
and will not be going back up or even sideways.
THE PROOF FOR #4 should occur in the next few days

JUST AS I TOLD EVERYONE HERE THAT GOLD, OIL, Metals, Softs, would ALL crumble
GAS fell 25cts yesterday - UNHEARD of prior to today
 Watch the price of GAS drop in like fashio in the next few days & weeks.

WHAT GOES UP PARABOLIC will COME DOWN THE SAME WAY


GOLD hit 1575 recently
SPX hit 1575 in 2007 and fell to 666 within 2 years
IS THAT the FATE OF GOLD ?? within 2 years along with stocks, oil, soft commod.
DEFLATION has just knocked at the front door.


THE PROOF of Daneric's graph #4 should make it apparent today and tomrrow thru the 17th

I did not envision the Wed drop, and the power data did not show me the last 2 days correctly-
THEY DID seem to FLIP  as well as the psych readings
THE high energy yesterday only served to support the mkt till after 11am, and again later.
Just as I wrote- OK start- SLOPPY mid day, and better close.


TODAY we have
90 bars @ the opening
126bars @12:30
156b @ 3:pm

POWER STRUGGLES OVER MONEY is the PSYCH for today & tomrrow
Stumbling blocks & recklessness

the above seems to indicate the CONGRESS will have quite a battle the next few days
forcing negative activity under the UNCERTAINTY that ensues

the FULL MOON on Tuesday @ 7am indicates an UNYIELDING attitude toward MONEY.
IT WILL be FASCINATING to watch Congress respond to markets crumbling, and how they will respond, depending on who declares a pending BK.- probably meaning the UNITED STATES.

more later
Jay