Monday, August 15, 2011

Market Timing-Whats Next -August15 - CAN the RALLY HOLD ??

 
and all those talking heads went home with LOCK LIPS from SMILING all day
August 15th @ 9am
Im experimenting with the illustration of the EKG to see is it works better visually in elongated form.

As always, we cannot determine TIME from the EKG, ONLY intraday direction

we look at other data to determine as best we can -TIME of turns

TODAY
258Bars @ 10am
30b @ 12:30
60 @ 3pm

Neg energy at
11:25am
3:34pm

WE can consider the 4th wave since 1356 has completed at 1186
or
IT may EXTEND with an intervening X wave LOWER 
that x wave typically does NOT make a lower low than wave 3 @ 1101
BUT if we get a wave i of [V] instead of an X wave, it is possible to make a lower low

WE have some evidence we could get one or the other above on WED this week

FORGOT TO MENTION
4th wave A=C
A was at 1171
= 71 pts
C should equal 1118 + 71 pts = 1189
LOOKS LIKE THEY ARE GETTING THERE THIS AM
SPX hit 1195 a 9:45am

MORE LATER
Jay
at

2 comments:

  1. Jay Strauss2:44 PM

    OK, so they made it to 1200 twice
    ONCE at our OWN ED cycle at 11am
    ANd
    a second attempt at 2:30, a fibo derivative of that cycle

    WHEN THE PYSCH READS
    CLEAR THE DECKS FOR NEW STARTS

    IT MEANS A CHANGE OF DIRECTION
    IS ABOUT TO OCCUR

    Daneric had 1200 pegged quite well as a FIBO CLUSTERED level to look for

    we could get a FIBO decline
    between 1100 & 1200
    OR
    a drop to another new low
    by the 17th

    OUR ED cycle indicates a potential low on the 17th at 4pm

    Jay

    ReplyDelete
  2. Jay Strauss4:11 PM

    NOW WE KNOW THE TOP FOR GOLD is NEAR at hand

    THEY'Ve put an AD on my blog for the PUBLIC TO BUY GOLD

    WOW, now all we need is a headline in the NYT or WSJ

    Jay

    ReplyDelete