4th wave from nov 21 to jan 5th
CURRENTLY now a 5th wave
within that 5th wave
Wave 1 from 944 to 805
wave 2 from 804 to 877, might not be
complete yet as of jan 28th
wave 1 of 3 of 5 to 738 due next
should end of Feb9th
Thats exactly my thoughts above wave counts
SIMPLE and precise
Leave out that micro's, & nano's
As best as I can tell we have ALREADY
or about to enter wave 3 of 5
ITS still possible we have ONE more run up to 880 area
to complete wave 2 IF so, then Feb 3rd is best bet for
that high or the Am of the 4th
Then wave 3 takes us to AS IVE MENTIONED MANY TIMES
********FEB9th *** Feb9th **********feb 9th
I dont know HOW many times to post that date b4 It gets
recognition
That MIGHT ONLY Be minute wave1 of minute 3 of minor 5
Minor 5 might still not get there till MID JUNE at SPX 600
___________________________________________________
PC ratios are MIXED today
gauges are pointing somewhat higher today, at least till
about 1pm
Activity index holding the #1 level but pushing up one tick
Power index also shows a potential for a mid day high
VHF level at 0= bullish
Overall the trend today appears somewhat bullish
HOWEVER, there is 1 50% /13 day @ 2pm
Also EOM uptrend and first day of mew month
FEB 2 however, has a 55%/13 AT 11;29 which could
be the catapult to a higher close
____________________________________________________
Murrey math levels
878, and we got right to it Wed
841 held on Thursday
Futures are slightly up at 9:25am
Spx 40 point rule of thumb
935 closing high - 805 closing low = 130 pts
40pts X 3 = 120, thats close enuf
805 + 80 got us near to 885 Wed
878- 120 = 758
Murrey math = 754
anything below those levels on Feb9th/ open on the 10th
could take it to
spx 723 Murrey math to 718
_______________________________________________
Hourly remains the same
aprox
11 am
1pm
3pm
barcycles
126 @ 11:30
156 @ 2pm matching the 13 day cycle
180 at close OR open on Monday
Hope Im not overloading you with all this data
More later
Jay
3 comments:
Plausible short-term outlook.
Not so sure about S&P going down to 600 in June. There is a fair amount of support in 700s. Going below that is going to create a lot of stress for the financial world. So, my guess would be that we run up higher after March before seeing the scary dive into the abyss.
I fully agree with Shankar.
The worst is yet to come and it's later in the year , more likely Septmber '09.
Looks to me like Wave 5 will bottom between 610-640 S&P with 633 the likely closing low between April 15-17th(The mars/uranus conjunction and venus direct)!A "summer rally" lasting into the Summer Solstice and then a re-test of the April lows in October which will begin a 9 to 12 month "Bull Market" rally of 33to 50%.
Post a Comment