Feb 9th spx = 870
feb 23 spx = 743
Difference = 127
127 X 38.2% = 48 pts = spx 791
50% = 807
625 = 822
dare i go to 78% = 842, never happen
Like I wrote
3 legs
tomorrow at 9:45 and or 11am at the latest should complete wave"a"
should make it to 790 and thats 18 pts higher than today @ 773 = 150 dow
then wave "b" as the day fades into selling to complete that leg on the 26th
BUT then theres the 27th and it might look like a run for the roses
IF they can get over 790, then 807 would be a logical target,
but I doubt anything higher could be achieved.
That ends MICRO wave 4
and March 2nd starts micro wave 5
Heres another interesting tid bit of info:
TONIGHTS NEW MOON the Pres
8:30pm & the reading says
Inspiration, compassion,
Coax a private DREAM to grow
DUH, his speech tonight falls right into place
Jay
5 comments:
Hi Jay:
If you look at intraday chart, we are not done with micro 3 at Feb 23 low. The sub-micro 3 extended and is from Feb 13 high of 839.4 to Feb 23 low.
What I see is correction of 839.4-742.4= 97
38.2% at 779.4
50% at 790.9
61.8% at 802.4
and 78.6% at 818.7 (if that high)
So, 12 to 16 point lower targets than what you show. Then one more down move to finish micro 3.
Ravi
Hi Ravi
that looks just about right
THANKS FOR THE mATH UPDATE
friday has potential for 802
And Yes, from there the SPX could get to Jerry R target on March 10th at 704
Jay
Jay
Hi Jay:
From Monday low, we had one up and one down before we finish micro 3. My calculation is for that up. Any move below Monday low will complete micro wave 3 - and this can even be done today if yesterday was the entire a,b,c or in a day or so if yesterday was a and today is b.
We then have micro 4, the retrace for which can not be calculated until low below Monday is done. It is quite possible that we move to micro 4 top by Friday close and then move to low 700 around your March 10 date to complete micro 4 and entire third wave from Jan 5 top.
That would leave 4 and 5 of higher degree up down to get cycle bottom sub 700.
I will try to sent my Excel sheet, with clearer updated labeling.
Ravi
Jay:
What is your e-mail for sending Excel file?
Ravi
Looks like 28.2% done at 3:29 today.
Now, down to slight new low to complete (iii) around 713 where iii=i
Ravi
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