Jan 15th BUY SIGNALS
8212 Dow close
ADV DECL ratio = 316
Vol ratio = 316
BOTH WELL UNDER the 400 threshold for BUY signals
2nd day in a row under 400
Arms 5 day AVE = 203= strong BUY
second day in a row over 200
5 day TRIN sum = 1015 & now 2 days over 1000
10 day trin sum = 1643 & now 2 days over 1600
BOTH STRONG BUYS
37/38 trade days from Nov 21
Spx hit 817 on the 15th @ 12;30
Spx hit 823 on the 16th at 78.6%/13 day cycle at 11;55am
Nov 21 low of minor wave 3 @ 11:05 am right on the 13 day cycle event
Jan 6th top of WAVE "A" spx 935- rebound in minor 4th
Jan 15th LOW of WAVE "B' at spx817
Jan 26th expected wave "C" high to top wave 4 @ 935 or higher
Feb 11th to end wave 5 at spx 795 or lower @ 54 tr days from Nov 21
Math
SPX 935-755 = 180 pts
180 X 50% = 90 pts
935- 90 = 845
spx closed 842 & 843
40 pt method
935- 120 = spx 815
WE GOT ALL THOSE NUMBERS this week
whats ahead
1575 - 755 = 820 pts
820pts x 23.6% = 193
741 intraday low + 193 = 934, we got that on Jan 6
820X 382 = 313 + 741 = spx 1054, very possible
1055 - 815 = 240 / 40 = 6 X
1055 - 40 - 1015
either one can be achieved
RIDE THE WAVES
Theres a LOT of data above and last few days to absorb
take some time to understand it
More later
Jay
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