MY propietary data has called today's low a BUY
SPX still has to get to 730 ish tomorrow am
Dow still has to reach down to 7200
validates yesterday's call for a low Friday Nov 21 at 10am
Adv decline ratio NOW AT 245 & well under 400 ------ 400 is the threshold, and this index has a 5 yr track record.
Volume ratio NOW at 197, and YES, WELL UNDER 400
ARMS 5 day ratio AT 169.4 , a BUY
5 day Ave of above adv decl ratio fell from 242 on Nov4th to 49 today
5 day AVE of volume ratio fell from 321 on Nov 4th to 39 today
5 day Trin = 847 also a buy
Everything is NOW in place to end minor wave 3 and start minor wave 4.
Jay
5 comments:
Then, it would appear that Wave 4 won't take us further than S&P 900.
It would also mean that December sell-off could be quite massive, taking us to S&P 620.
10AM as in this post or 11 AM as your prior post?
you nailed the low within 6minutes
WOW !
thank you for sharing your forecasts Jay, this is very kind of you.
You are accumulating tons of good karma ! :-)
Another awesome call this morning! Thanks
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