March 10 to April25th = 34 tr days
WAS THAT IT ? now that we are banging on 1400 and gee wiz, everything looks ROSY
Or are those roses left over from yesterday
Fed minutes reported IT WILL TAKE TIME for the system to work out the kinks
BUT in the meantime, does that mean that any additional rate cuts are just frosting- NO MORE CAKE !!
Charts egde paints a glim picture for the Month of May- deos that mean spx 1400 is the barrier it NOT painted to be. I say that because Ive been reading many technicians with good systems are pasting 1400 behind us. DO I dare say it -- too many bulls???
May 6 is only 144 tr days from Oct9th
April 22 = 32 tr days from March 10th- thats 4 segments of 8
But it made a low on the Bradley date and a high on Apr25th the day b4the Apr 27th Sundaybradley date.
OEX pc ratios last 2 days are bearish
CBOE ratios are neutral
VIX @ 19.59= says its time to go the other way
Jaywiz index Tues= .16
Wed = .38
thurs=.13
Fri =.33
Mostly bearish overtones
The way I see it is
mostly down in May
1/2 month June up
Lows around Mid July
192 tr days = July 15th = 24 segments of 8
Sq root of 196 = 14
13.8 ^2 = 190 days
CLSUTERED
the reason I mentioned 13.8^2 is Bruce Larson brot this progression to the attention of another group. Some of you are already aware of this.
6.8^2 = Cal days, count from Oct 9th or 10th
7.8, etc and each one hits on a specific market turn date.
Best for now
Jay
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