|April 18th @ 8:45am|
90bars & neg energy during the noon hour- could be the lod
126b @ 3:30 also has a chance at lod
Just as PREDICTED, today should be down all day with
only a mild rebound from about 1pm to 2 pm
Tomorrow should rally in the AM, and settle back to close lower, thus setting up a BUY for
WEd and part of Thursday, which should sell off after 1pm.
S&P downgrade its US debt outlook to NEGATIVE, but still at AAA rating, due to the idea that Congress will not reach agreement till 2013, and there could be a downgrade from its AAA rating pending.
WOW, HOW DID I KNOW THAT SOMETHING BIG WOULD
Maybe that will get the attention of CONGRESS !!!!
Tomrrow's energy outlook indicates they will gain a NEW PERSPECTIVE which will lead to serious discussions about the debt, and a more constructive attitude by both parties.
Just like LEHMAN BK on SPT 15th, 2008, this DOWNGRADE boosts FEAR, and should get CONGRESS to Take action.
SEE the Columbia chart at the top of the page- IT LOOKS LIKE SPX 1280-1284 should be the low today. J
Helges Intraday charts for this week had the exact direction today, and has tomrrow DOWN ALL DAY. Tomrrow is the actual 890 tr day cycle, so it could happen. The Wave count today looks like 1 thru 4, and may have started wve 5 at 3;30.
thereby skipping over the 126bar cycle, but all the others earlier.
the next bar pivot is at 11;30
38%/13 day cycle is at 10:42
Neg energy at 11am
could be the lod, or if Helge is right could make it to eod
EKG shows lower open.
STILL GOT WED for an UPDAY into Thsday AM, then turning down