Market Timing
June6th cycled off Mar 1st-lowJune8th cycles off mar 3 -highPC ratios 80% BULLISH2days in a rowJaywiz proprietary adv/decl & vol ratios hit 498 & 524, indicating a minor low was in placeabc X ab now in c off yesterday's3;15pm low at 1285 to 1295 so far1317-1285= 32 pts32 X 38% =12+ 1285 = 1297~~ almost there wave [a]Once 'c' is done, we should expect an X wave to the 11;30 pivot low. wv [b]wv [c] should exceed wv [a]some projections have been as high as 1311=26pts or 83%or 26/60 =43%78%x 32 = 25pts = 1310very possibleJay
11:30 HIT EXACTLY ON SCHEDULEBUT is the WAVE now READY TO EXPLODE over 1300?It may take till the 2pm pivot at 180bars30 minutes may not be enfu time to complete and ABC retrace waveagainst the uptrendJay
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2 comments:
June6th cycled off Mar 1st-low
June8th cycles off mar 3 -high
PC ratios 80% BULLISH
2days in a row
Jaywiz proprietary adv/decl & vol ratios hit 498 & 524, indicating
a minor low was in place
abc X ab now in c off yesterday's
3;15pm low at 1285 to 1295 so far
1317-1285= 32 pts
32 X 38% =12+ 1285 = 1297~~ almost there wave [a]
Once 'c' is done, we should expect an X wave to the 11;30 pivot low. wv [b]
wv [c] should exceed wv [a]
some projections have been as high as 1311
=26pts or 83%
or 26/60 =43%
78%x 32 = 25pts = 1310
very possible
Jay
11:30 HIT EXACTLY ON SCHEDULE
BUT is the WAVE now READY TO EXPLODE over 1300?
It may take till the 2pm pivot at 180bars
30 minutes may not be enfu time to complete and ABC retrace wave
against the uptrend
Jay
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