thats the way the market works so why shouldnt WE.
Brokers tell you to look over the valleys and hope for the mountains. You dont NEED the money now, so why worry, be happy- no seriously, the market has spoken and it is in BEAR trend, so IF your long term, I would take steps to protect the value of your portfolio.
Monday is scheduled to open DOWN- how far and how long? that is the question
As for tomorrow, we can envision 2 scenarios
1. the LOD on Thursday, ( seems like ages ago) was at 10:15 @ 259 bars; If we add 70 bars its gets us to 329 and that would hit @ 9:45 am to 10am.
2. If the 259 bars cycle closed out @ 10:15, then the next cycle which became clear at 30bars @ 12:45 low would take us to 11;30am @ 60bars.
There is astro to suppport a 11;30 low as well as 90 bars @ 1:46pm.
Once the low is set we should see a rebound but still lower close.
another interesting point about astro- Venus trine Uranus on the 6th, is often found hovering just b4 a major decline- which was also a bradley date.
Im still gettingThrusday @ 2pm if my bar count is right which matches an important astro event at the time.
best for now
Jay
1 comment:
I agree Jay. One step at a time. Alot of Forecasts have fallen by the wayside when the march bottom got taken out so what good did they do for the LT trader? So much for the systems they used to make those predictions.
trinity
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