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| Published May 5th @ 9:10am |
We got a DROP as indicated from the 2nd to the open today on the 5th
THEN we see a FLATTENING out today and tomorrow as previously projected.
SOO<> what happened to the EXPANDING TRIANGLE wave E very hard drop??
ITS SOMEWHAT IN DOUBT, as we can only see a minor set back for the month of May so far.
with STRONG opposing forces in both directions.
As the GRAPH shows, we have 3 high points this month
May 2
May 11
May 20
JUNE 1st
And 3 PIVOT LOWS in between
May 4/5
May 13/17
May 27
THERE IS a STRONG HIGH TO HIGH cycle on May 20, off FEb 11
May 20th Might not offer new highs depending on HOW low they get on the 13/17 pivots
May 12/13th is the BEST chance we can see for a duplication of the flash crash, and IF that happens,
then we might bring back the E wave as possible.
BUT FOR NOW, MAY 11th is the NEXT HIGH energy date, and there is nothing in the way of making another high or at least duplicating it and getting a close at 1372 or above
Jay
7 comments:
A little more downside than I was expecting
NOT by Much John;
INstead of opening lower tomrrow, the might have set a short term low at 3;30 today at 1329
a LOWER LOW on the 10th sets up a really good oversold bounce on a very high energy day for the 11th.
Employ report expected to be POOR
by traders not take any chances and sold off today in anticipation.
MIGHT NOT WORK OUT THAT WAY
Jay
MACD, ULTIMATE Osc, OBV, momentum, all hit lows at the 11;15 low, and are rising off the 3;30 low
JOHN
Possibly get a run up tomrrow till 10;30 high energy point
60bars hits at 11;30 and should take away the open rally
but they are now setup for a VERY SHORT TERM OVERSOLD rally
Jay
BUY SIGNALS were generated TODAY
PC ratios
Jaywiz index
Jaywiz ADV/DEc ratio
Jaywiz Volume ratio
all bullish
Up early
off the high at close
RUNUP more on Monday till NOON
SELL OFF from there thru Tuesday
Jay
WED HUGE RALLY DAY.
Hi Jay
If I for long term shall I wait untill June
thank you!
Jay,
The bullish longer-term view has not changed?
NOW it's over sold,should I wait until in June and sell off in June.
Thanks for your reply.
RUSSIA
there is a HUGE difference from
short term oversold, and LLONG term OVERBOT
MAY is the MONTH of DOUBT and UNCERTAINTY
FOLLOW the MONTHLY GRAPH
Not my day to day updates unless you are day trading
Please send me email if your confused or dont understand
thanks
Jay
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