Dow & spx hit the LOW & Pivot at 3:30pom RIGHT on 30bars exactly
Next 60bar cycle is at 11:30am Monday, but I think the open till be the lod, and the above will just be a secondary pivot, but not lower
Keep in mind that even though the bar cycles do hit on the LOD frequently as they did twice this week, IT DOES NOT have to happen that way.
IMO, we will see a MIXED bag next week with a possible high on Thursday AM
Jay
Jay, I was thinking about what is the cause for the crash wave for 3/18-3/28, I believe it would be something related to crude oil. I've heard there will be a protest in Saudi Arab on 3/20. Maybe?
ReplyDeleteWorm
ReplyDeleteI cant even begin to speculate about WHY
Its difficult enuf to know WHEN
and IF IM RIGHT , I will be EXPLOITING my prophecy
Jay
For sure, it will involve MORE than just one thing, but should be a series of events all occurring within that time frame.
That Should BRING the BEARS out of the woods, and everyone will THEN be looking for the NEXT boogieman
BUT HE WONT BE COMING.
Jay
thanks Jay.
ReplyDeletecountwise it appears we are in an ABC correction. the decline started with an A leg down, and since then we have been in a choppy B wave triangle, that will break towards the downside and give us a nasty c. unfortunately we don't know how nasty. i think one of the catalyst for the upcoming decline will be probs in the euro-zone.
sincerely,
cementzak