we got a HIGH on JUNE11th at 956 and a LOW on Jluy8th at 870
should we count it from JULY1st at 930 to 870 on july8th
In other words we REALLY should be looking NOW for the rebound HIGH
Lets count an a-b-c rebound wave 1 or wave "A" from Jun11 to July 8th as complete
and you know how I feel about doing that too soon, but it does look probable
86 spx pts were lost
86 x 38.2% = 33
870+33 = 903 OR 880 + 33 = 913
So we get a range of 903 to 913
And YOU can do the rest of the math
78.6% = most likely = 68 pts + 870= spx 938- 948
NOW thats fascinating because it was 68 pts we used to try to get to 820
and it was 68 pts lost from 956 to 889 on the June 11 to June 23 decline
950 is at the TOP of the formation of the crossed lines on the
20 day spx CHART I posted at the blog several times
THIS IS NOT a guarantee or MY projection at all
Timing for such an event as the "B" or "X" wave just prior to
a very steep sell off thru August and SPT
8/18 is is a half 55 tr day cycle <28days> from july8 = 80 tr days from Arpil 20
9/24 is the complete 55 tr day cycle from the same or 110 from Apr 20
Back to the X wave
timing should be 112 to 115 tr days from FEB 6th HIGH TO HIGH
counting days = July 20 to 23rd
Remember I mentioned the 23rd of the month USUALLY represents a CHANGE
Why? because 2+3 = 5 and in numerology 5 = CHANGE
BUT ITS ALSO 115 tr days from FEB 6th HIGH TO HIGH
And this time the full moon Eclipse of July7th came in around a LOW
then the SOLAR eclipse of JULY 21st should offer a HIGH
And the daily readings SUPPORT that view.
VERY SIMPLE Elliott = KISS
March 6th to June 11th = WAVE "A"
June 11 to July10th = WAVE "B"
July 10th to July 23rd = wave "C" , maybe
Consider this the end of WAVE 2 maybe
NOw begins the dreaded wave 3, maybe
because as I've said many times, most Elliotticians tend to END waves TOOO soon.
and I do have some evidence that this wave will NOT END UNTIL ???
yup, you guesses it - OCT10th 2009
2 X 250 tr days spread high to high = 500 tr days