FED induced rally today stalls decline a day
needed one more higher high
BUT any loss tomrrow will most likely be made up somewhat on Friday
What remains constant is the SELL Signal issued by my internal technical data
as of Friday March 13th
Sometimes there are delays between the INTERNAL high and the PRICE high
before it has any REAL effect on price levels & trading
THE NEXT BEST BET if your a BEAR
WAIT TILL
March 30th a possible lower high or failed attempt to make higher highs
The NEXT best BET if your a BULL
WAIT TILL
APRIL 8th which might set a lower low at spx 635 level
& Apr 14th could be a secondary retest
similar to March 9th & 10th but with a delay
More Later
Jay
8 comments:
Jay -
If you're an investor, should you just sell around 3/30 & buy back around 6/13.
Steve70
Seems like a more reasonable plan.
8,
What do you see for the next few months after April?
Just curious.
With last 2 days up, the alternate wave count has become the valid one. Reason one: this is now clearly a five way up from 666 low in spx 500. Reason two, will become reality if we go 1.44 point higher than yesterday's hi to touch July 20 low of 804.47, which was being counted as end of 1 of (5)-this has already happened with nasdaq. This means that 5 of (5) was over at 666 on march 6, and started on Feb 9 after a huge a,b,
Bottom line, primary 1 (circled over), now in 1 of primary 2 circled. Next a,b,c down should be a buy point 750 or below but above 666. Primary 2 (circled) should last months correcting primary 1 (circled) with minimum target in 950 area.
Ravi
ravi count might be right. im not very good at EW. stated 820 in earlier post. it just seemed logical to have a strong March after such as poor Feb. strength to continue. most are out or not fully in. sell off coming from higher levels.
Then again we might just keep going straight up with nary a pullback. next significant higher low would be around April 3.
I meant Jan 20 low not July 20.
Ravi
Also, 'after a huge a,b ' should read 'after a huge a,b,c,d, e'
Ravi
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