WEll its ONE year from Jan 22 and 23rd of 2008 and we all know what hapenned then
Are we geting the same or SIMILAR ? maybe
last yar they ran UP 750 pts from the Jan 22 low
then fell 500 to Feb 13th
That was THEN, and THIS IS NOW
Times today
228 BARS right on the OPEN- 210 dow
10:15 rebound hourly high - dow off 150
258 Bars @ NOON
START new cycle
30 bars @ 2:30
60 bars dosent hit until Monday @ 10;30am
Tues had 30 bars @ 12:30
Wed had 90bars @ 11am
Thurs had 180 bars at NOON
ALL were LOW points
That means NOON- TODAY should be a significant low today also
Hourly
10:15
11:05
1:10
3;15
and 3:47
Activity index so far today is NOT showing any move higher as of 10am and in fact supports the next move lower to noon
gauges are languishing and not showing any rebounds as of yet
Wave count could be doing either a desceing trianagle or finishing wave 1 down to 792 intraday with a rebound to midway between 792 and 940 = spx 866
It should happen quite quickly as Tuesday represents an 8 day point - high or low
Wed offers and 8 day turn
and my work suggests a high on Tues, TRUN on WEd and start of substantial decline
ending on Feb 10th
If a triangle we could travel the widest part of the which = 250 pts
spx 1000 to 750 = 250 pts or spx 615
OR duplicating wave 3 losses = the same
149 pts lost from 935 to 792 , or 805 = 130 x 1,618 = 210 pts
OR 149 x 1.618 = 239
What Im really saying is {{ that for the bears}}, the best is yet to come
More later
Jay
No comments:
Post a Comment