That might have been the HIGH of this move
Heres a synopsis of the next 3 weeks
of course it NEVER works out exactly the way it gets projected
but we'll give it a good shot
Counting 5 waves last week from Friday's LOW at spx 666.67 to spx 758 friday at 10am,& 3;30pm
Friday looked like a 4th wave till 12:30pm, and final 5th wave high at 3;30pm
I really abhor saying FINAL, but this time I think its real
I had thought we would see another runup to another
higher high by the 23rd to 25th but thats sort of IFFY.
OK !! -- that was then --THIS IS NOW
best to look backward from April 3rd where the NEXT IMPORTANT LOW should occur
March 25th seems to offer the BEST time to get short to take advantage of that down move.
but do watch out for a moderate dip & rebound to the 31st, then the PLUNGE to a
possible new low- Ill get more specific later.
BUT what about this week? you ask -OK I get it, - you want to know
A Wed LOW is expected this week
moderate rebound on 19th and 20th
23rd to 25th Are called for MIXED at best
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The problem with making forecasts more than one day at a time is they get lost in the shuffle
for example:
the week of the March 2nd, I projected a big rally from the 10th and we were one day early
by those projections , And the SAME thing can happen in the next 2 weeks
______________________________
So do remind me of these forecasts next week
thanks
More later
Jay
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