I do appreciate those comments, even those who are upset that its not going the way we projected.
HOWEVER ,WE are getting close to the next peak.
Next week as previously mentioned has the Bradley date of April 20 as a big turn date, and long term cycles do indicate a sell off the last week of April.
ALSO this does seem to be typical action AFTER options expiration which do come late this month on the 20th.
It never ceases to amaze me how the dow has a magnet on 78.6% retracments, which takes it back to 12,525.
SPX is above its 78.6% and might attempt or FAIL to make a new high at 1460 which would be a great non confirmation.
Read recently that Margin debt in Feb reached an all time high above Jan 2000. - another bearish indicator . Anyone got a recent report, just let us know.
Nasdaq also attempting to break above the 2525, and a failure would add to the NONCONFIRMS.
One other analyst mentioned he would not be surprised to see a sharply lower open Monday, but IMO, I doubt it will stay down just yet.
There is still a potential for either Tuesday or Wed to drop off as they typically do in options week, and then come roaring back into the last 2 days up to the 20th.
The NEW moon is indicating a CHANGE
ONCE more, the BEST Shorting opp should turn out to be on the 20th, and ending on the 27th.
best wishes
Jay
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