13 hour cycle at 10am todayrebound energy high possible from noon to 1pm, or even 3 pm
Is today the CYCLE TURN ?
Running out of Time ?
It typically takes 13 tr days to get to an important bottom
Aug 5th to Aug 24th, relates to similar day count as in Oct 1987
Jay
not much is new, still waiting for that final advance of Minor [2]
ReplyDeletei start to think we'll top on great job numbers - you top on good news, not on bad news
cementzak
cementzak
ReplyDeleteYes, tomrrow might do it.
Jay
Is anyone else having a problem with fireFox last 2days, or do I have a virus?
ReplyDeleteComcast uses Norton, and I ran the virus scan
Maybe need to do it again
but EI works great- no delays
Jay
i think the dollar turned yesterday and it is following thru today the /es should catch up in a day or two
ReplyDeletemaybe the whole mess since the high on monday has been a b wave triangle.. and today we saw the start of the real C wave to peak
ReplyDeletecementzak
I would say topping on great news tomorrow makes a lot of sense to me.
ReplyDeleteI think top is in now.
ReplyDeleteyeah, but because of the long consolidation we have the potential for a strong rally. i have to update my target to the high 1130ish-mid 1140ish
ReplyDeletecementzak
that was a reply to: sirgiyan
ReplyDeletecementzak
ReplyDeleteOne of this guy's counts is sort of in line with your view:
http://gi61et.blogspot.com/2010/08/1609-bst-spx-update.html
well, that could be correct...
ReplyDeletehowever that is not a wave 4 (way too long), i have that as a B wave of v of C of Minor [2]
cementzak
Could be. But I've never come across an official rule that limits the size of a 4th wave
ReplyDeleteIt all seems to come down to one idea
ReplyDeleteHas the EDT finished or not
When was the last occurance of an EDT, and what occurred next?
anyone got a pic of that?
I seem to recall talking about it, but I dont recall WHEN
Jay
The trading range of last 3 days might be quite a support once it is broken to the upside. So I would be cautious shorting until we get high enough. (say 115-117 SPY) The reason is: if you want to break a door the distance you have to run depends upon the heaviness of that door. So this door is strong enough so you might need quite a distance to break it with power
ReplyDeletepredictable close, gap up setup for tomorrow morning.... pop & drop
ReplyDeletecementzak
helge long term chart says we drop anytime then big up into the end of month if we drop big tomorrow with the jobs numbers i'm hearing the 9th is a big turn day might make sense..
ReplyDeleterrman
ReplyDeleteive posted the fibo timing several times for the 9th to 11th
11th SHULD be the PIVOT low leading to a 2 day rebound, but further more seroius declines are due between the 17th & 24th
Jay
rrman,
ReplyDeleteI think you mean Helge's long term chart says we drop anytime and then go up big at the end of the year (not month), right?
That's what I see on his charts.
Thanks
Ale i see a quick drop then August has an up bias with a peak around the end of the month you have to look at that thing long term for the direction the down won't be a big down looks like
ReplyDeletewhat i see it saying is August will be another choppy month with an up bias but September will be down down down down down and around the end of Sept will be the time to go long and hold until the end of the year
ReplyDeleterrman, 30yr, presidential cylce chart- 2nd year is saying the same thing. It looks like a small top on monday.
ReplyDeleteSome correction till 16th, which will get all the bears excited. But another rally till 25th or so. Very hard down till end of Sept.
wow, you guys are fighting about timing based on premonition???
ReplyDeleteLook at the cycles about to unfold this month
of which the 10th & 24th are most important, not to mention Spt 3rd which is Stan Harley's cycle of 377 tr days.
10th converges 2 big cycles
24th converge 3 fibo cycles
Jay
Today's reading indicates a happy start, but changes later
ReplyDeleteJay
I'm getting out of my faz/tza and shorts at the open I think we go up all next week futures down -100 with bad jobs number
ReplyDelete/6e hit the top of the channel i'm short it now huge move up and /dx huge move down should reverse now
ReplyDelete