Heres a SHOT of the NEW impact indicator that I mentioned b4 It did HEAD UP on DEC 1st, not shown, topped out as it appears above on Dec4th and is making a substantial decline on the 5th I will keep you informed of its progression
Using TECHNICAL internals takes the NEWS out of the picture Overbot means selling, even if they take another week b4 they cut more deeply than the Nov30 low The CYCLE work shows DEC21st as potential for 55-110-165-220 day cycle pivot, but the mkt has to make its wave structure starting NOW on order to complete that wave structure at the cycle convergence DID we have a 4thwave in NOV or a 5th wave FAILURE on Dec 3rd-4th ? Only the depth of Dec 21/22 will give us some hint on that question. Jay
THE LACK of ACTIVITY - NUMBER of VIEWERS on this blog leads me to think that traders are VERY COMPLACENT and many expect the market to just keep on truckin
Heres a SHOT of the NEW impact indicator that I mentioned b4
5 comments:
I think it is great how you come up with new things and exciting to see how it will pan out.
gis
thanks Gis
Im always looking for new ways to gauge market direction, especially with an outlook looking into the future
Jay
Using TECHNICAL internals takes the NEWS out of the picture
Overbot means selling, even if they take another week b4 they
cut more deeply than the Nov30 low
The CYCLE work shows DEC21st as potential for
55-110-165-220 day cycle pivot, but the mkt has to make its wave structure
starting NOW on order to complete that wave structure at the cycle convergence
DID we have a 4thwave in NOV or a 5th wave FAILURE on Dec 3rd-4th ?
Only the depth of Dec 21/22 will give us some hint on that question.
Jay
THE LACK of ACTIVITY - NUMBER of VIEWERS on this blog leads me to think that traders are VERY COMPLACENT and many expect the market to just keep on truckin
SURPRISE- SURPRISE
It doesnt work that way
Jay
that IMPACT indicator just took a DEEPER HUGE DIVE at 6pm Sunday
well see if that has any predictive value as the night progresses
Jay
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