This week is looking like an interim roller coaster ride.
SELL THE RALLIES
THE GAME this week is to make it above 1407, and THEN attempt to get to 1417
Heres now it plays out.
LAST year the MARKETS and GOLD topped on MAY 10th
spx at 1325
Now lets do some math
WATCH THIS !
1460 - 1374= 86 pts
86 x 38.2% = 33 + 1374 = 1407
OR
86 X 50% = 43 + 1374 = 1417
eachtime it looks like 1407 will hold, so far it has failed
BTW- Today had a POSITIVE influence at 2:27pm and 90 bars at 4pm
NOW lets move on to more important timing.
Its took 63 hrs to go from Feb 20 to March 5 Top to bottom
The next leg a _rebound HIGH_ ocurred on March 9th = 78 hrs= 13 TRADE days
Now we are looking for the NEXT high to occur on the 18 cycle TRADE days= March 16th.
Heres what I see
Mar 9 + 13 = March 28
Mar 9 + 18 = April 4th
both have influences that SHOULD occur with market lows.
April 16th is 13 days from March 28th and has another set of hard influences that should continue to see markets declining.
April 23rd is 18 days from March 28th and could provide a short terrm rebound high as the energy influences that day are somewhat positive as are the preceding 5 days.
THIS IS REALLY FASCINATING
MAY 10TH - 2007 is 55/56 days from FEB 20
AND
13 TRADE days from April 23rd
THATS WHERE I THINK the BOTTOM will occur.
How about PRICE LEVELS, you ask?
OK, lets explore.
WE got 86 spx pts hair cut and a 33 pt rebound
Lets use 1407 for now to do the math.
1407 - 86 pts = 1325
WATCH THIS !! whats 1325, THATS RIGHT -the 2006 HIGH
WATCH THIS AGAIN. MAY 10 = the 2006 HIGH
IF those levels are taken out on April 16th, then we will have to redo the math.
Something I am forgetting, will write it once I remember- could not have been too important
I wud rite in sht hnd lik da chief, but I hate reading it.
best wishes
Jay
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