Saturday, April 09, 2011
Market Timing-Whats Next -April Weekend Apr 9-10
NOW that we got that Govt Funding out of the way, we can now concentrate on stocks.
I wonder if Pres Obama really gave anything away that he didnt know he was going to do.
Dems removed the Social connections for voting on then later- Haha.
Boehner all along said he was only interested in $$$ cuts. so he gave up nothing either.
And all along the Pres allowed republicans to take the lead.
AHH Politics - You can keep it, not for me!!!
As the chart above shows we see potential for various levels for SPX support on the correction
coming this week. BUT How will it play out, no matter what price level they dip to??
As anticipated April11th SHOULD take out he BULK of the decline this week
April-12th should open lower and recover some after an OPENING LOW AT 10am
where 26hours and 264 bars meet- Im using 258+6 @10am because the open is at 258 bars
April 13th ALSO calls for a WALL OF RESISTANCE till MID DAY where 30bars at noon
meets some mild neg energy during the noon hour.
That leaves the rest of the week mixed to blah as the FULL MOON on the 17th lend its support.
BUT the 18th is where the CYCLES converge
55 - Jan 28th low
604 Nov 21st, 2008
888 Oct 10, 2007
144 Spt 21-2010
220 june 7th, 2010 Low
377 Oct 10, 09 High
From there the mkt looks quite bullish till the 29th
Take a look at the TIME Symmetry of the mkt since Feb 18th high at 1344
March 16th LOW
April18th suspected LOW
theres a common 37 to 40 day cycle which fits in here
April 18= 40 tr days from 2/18 high
April 18th = 37 tr days from 2/24 low
DYNAMIC data it SHOWING an APRIL6th PEAK and has been on the decline since
SPX hit its recent peak at 39 hours @ OPEN n the 6th
& it was an 8 day TURN day