But how far can they go up??
If I look at the spx, and match up with the Jan 23 low of 1270 to today @ 1272, then we might want to say that was all wave 1 from October 9th to March 10., and 150 calendar days. or 110 trade days.
Does that mean something? I really dont know, but Im just looking at the symetry.
About 90% of my data signalled a low yesterday
the Jaywiz index = .32: NOt a screaming buy, but certainly no where near .14 of Friday.
259 bars did hit right at 3:55pm at spx 1272.66
When is the high? you ask; preliminary data indicates Thursday's close.
Spx 1576-1272 = 300pts rounded off, the same as the Jan 23rd intraday, but this time on close, and that is also beautiful symetry- Will that level hold? Absolutely NOT !!!!
But for now we should see the rebound move up to the following levels:
300 pts X 40% = 120+ 1270 = 1370 to 1390 maybe next weeks high on Jan 19th after the Feb cuts rates by .75 to 1.00%
300 pts x 23. 6% = 70 + 1270 = 1340 - maybe thursday's high
Fascinating how this is all taking place as we approach that infamous Armstrong date of March 20, 2008- What does it represent? Its supposed to be a transition from one economic stage to another.
SO, if stocks, OIl, Gold, Commodities all hit high points on or b4 that date, what happens after?
Put another way, if wave 1 completed yesterday,and wave 2 completes on Mar19th, then whats next is OBVIOUSLY The most infamous WAVE 3.
April is setup with 2 sets of Hard aspect clusters
April 6 to 11th
April 22 to 25
Because they are clusters, there is stronger harmonics at each one of those points
April 10 would then = 180 calendar days, = 13.5 ^ and April 25 = 194 days.= 14 ^
Best Wises
Jay
1 comment:
Hi Jay,
As of right now, I think what you suggest, namely that Armstrong's big CIT is likely to be a high, is the odds on bet. That is really scary.
Looking at things in an integrated fashion, which for me amounts to tying fundamentals in with techhicals (or vice versa), today's coordinated multi national central bank action is a giant red flag indicating how desperate the condition of banks has become. But as happens time and time again, equity players cheer the arrival of the fire truck instead of focusing on the five alarm blaze that necessitated the appearance of the fire brigade.
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