 Impact stream above ALSO AGREES WITH LOWER OPEN Activity index = Ditto -- dropped from 200 b4 open to 66 at 10am  | ||
June6th @ 8am |
I had projected a lower open based on what I thought the Elliott wave was depicting
Jaywiz, CE & SC show a similar path for today
How much can they rebound today?
1309.78 was where they peaked Friday at 1pm
1310 - 1298 =12
12 x 50% = 6 + 1298 = 1304
It seems to me, we should see support at 1295 TODAY
As shown by the graphs and energy for tomrrow, we might expect a little lower effort tomrrow
at that 11:30 - noon pivot, AFTER which seems to offer a more substantial rebound by the graphs
Math model THOUGHTS & Ideas- NOT CUT IN STONE, by any means
1370hi - 1312lo wave "A" = 58 pts
Wave B @ 1345
Wave C in progress 1345 - 58 = 1287 - this # was offered b4 as strong support, and they might have to touch upon it at tomrrow's pivot- MO< That level would complete the minuette wave and open the door for a more substantial rally Tuesday-
58 X 38% =22 + 1287 = 1309
since IT appears we are a solid SHORT TERM downtrend till JUNE24th, I would NOT expect any
extended rallies at this time- IMO< They should be brief and minimal, as ALSO shown by the graphs
Today's bar cycle pivots
60b @ 10:30
90b@ 2pm
126B @ 4pm and or open
Psych read calls for OK till MidDay- changes later
Tues
39hrs @ 10am
Neg enrgy at 11:28am
150b @ 11;30
Psych read calls for Morning Hangover from Yesterday
better in the afternoon
high energy influence @ 4:41pm
WEd calls for Frustrations & Doubts
but has one bright note at 9:30am -Im not sure if that can overcome the days overhanging negatives
WE'll have to play that one closer to the chest
More Later
Jay
4 comments:
LOW at 10:15am
Impact stream just blipped up as did the Activity index but only to 100 from previous level at 66
Low at 10:15 well withing a normal deviation for 60bars at 10;30
1310 - 1292= 11 pts
low at 10;15, imo, wv 3 from 1303
next pivot at 1pm might offer 5th wave retest to give us the 3pm mid day bonus
11pts X 50% on aver = 6pts
to 1298/1300 at the noon hour
this minuette wave from 1303 might be only part of the larger wave down that started at 1310, friday at 1pm
In My VIEW = IMV
counts also as 3waves to 1292 @ 10;15am thus that above rebound = 4th wave to 1298/1300, then heading back to 1292 at the 1pm bar pivot
that 90bar pivot low at 1pm could allow the 3pm Mid day Bonus rebound off the 18 pts lost from 1310 to 1292 and offer a 50% bump up of 9 to 12 pts
This is all just mathematical speculation , and MY personal thoughts
Do not count on anything I write unless you can confirm it on your own
*****
its now 10:45 and you can see the mkt is in NO HURRY to go anywhere UP as yet.
Jay
ONE LOOK AT CE, and you can see just how well the mkt is tracking that projection
BTW, since I NOW have NO interference, I can concentrate on whats really important
Jay
THIS IS A JOB, not an IDLE time HOBBY
Mkt following the EKG with amazing accuracy
IM NOT BOASTING- Just the facts Man
thats not whats important, but it is important to be able to catch these turns
PIECES of the PUZZLE ARE AVAILABLE
but it take a HUGE amount of time, experience, persistence, curiosity , Etc to have found those pieces, and even more -
LEARNING TO USE THEM.
Steve Jobs at Apple's meeting charges a fee to get tickets to
the show, and they have enuf $$ to buy a small country
I dont know why anyone would object to paying for USEFUL knowledge.
1pm came and went, and only set a moderate low at 1294 keeping the 4th wave flowing
Jay
MONDAY"S PSYCH READ
OK till MID DAY then change
after 1pm the mkt fell apart
Jay
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