It took 21 tr days to drop from Apr 26 to May24th
spx 1220 to 1040
and 47 tr days to July 2nd at 1010 , and a 210 pt loss.
It also took ONLY 21 days from Apr 26 to May 24th to take out 180 pts
so 210 pts in 21 days is not unheard of.
that was then,
there appears to be a possible time acceleration as Spt 3rd to Oct4th is also 21 tr days
If the target level is really spx 900, then price acceleration should also be in evidence.
well in advance of that date.
In other words, what took 48 tr days from Apr26 to July 2nd should now take
21 tr days to take out the same 210 pts
If that is going to work out, then the first drop next week should also be accelerated
I am now focused on a low on Spt10th - late afternoon @ 180bars = 2;30pm
We previously had projected a low on the 9th, but upon further review, we see the 10th has potential as the 11th, a Saturday is a Bradley TURN date, and the readings do get considerably more positive from the 11th to the 20th.
other than the 9th to 10th shift, the other October dates still remain intact
Heres a similar TIME relationship from 2009 & 2010
9/12/09 HIGh was followed by the Extreme low on NOV 20th in 48 tr days
for a loss of 4000 dow pts.
Feb 6th, 2010 high was followed by the March 9th low in 21 tr days
& a loss of 1700 dow pts
the circumstances and wave positions were different then,
but the DAYS still counted out in similar fashion