Many of my associates are screaming crash- BUT me thinks they are too abundant
Next week is MIXED with turns
Bradley turn on 9th.
8 day low on 9th. also matched timing
9 day turn on 10th @ 11am also = 84.5 hr low & turn
coincidentally matches the 204bar cycle low.
SO, how low is LOW ?
Did we get there Friday and now we are testing the low , then moving somewhat higher against the larger downtrend ?
ThursdaySpt4th appears was an 8 day LOW= 52 hour cycle @ the close which actually ended at 54 hours on Friday @ 11am; Why? because there was a 65/66 hr cycle also due at that point which override the Thursday cycle.
the 66 hr cycle is 78.6% of the 13 day, 84.5 hr larger cycle which hits on the 11th @ 11am as printed above.
From there we should see the market move higher into Friday morning b4 running into reistence and resuming the downtrend for next week.
How high is high?
Possibilities
NDX recent high was 1973 and low was 1743 = 230 pts
230 x 38.2 % = 88 + 1743 = 1831
You can do the math for 50% & the other indeces.
Monday should still offer a strong rally day.
Jay
1 comment:
I think we'll see a crash in the next few weeks (or months).
In general, one can't bet on both - time and price in the short-term.
Just my thinking.
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