POWER DATA ONE WEEK AHEAD - Provides an 80% Correlation to the SPX
Tuesday, March 29, 2011
Market Timing-Whats Next - Technicals-Waves
C waves can be Devastating
And usually occur with an occurrence of bad news such as March 16th following the March 11th Tsunami and Nuclear plant difficulties, WHICH appears is STILL DRAGGING ON
Will that be the bad news in the next 3 days coinciding with a STRONG DOWN "C" wave?
Wave equality would indicate 94 pts down from 1314 = 1220
or a multiple of 1.618 x 94 = 152 taking the spx to 1162
or somewhere in between????????????
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it may be, Jay, that end of quarter shenanigans are messing up your analysis.
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