April13th @8:30am |
STILL LOOKING AT APRIL18-19 as the NEXT IMPORTANT LOW
another cycle that came to my attention shows another hi to lo from WAY BACK on April18th, 1930
Converging with 890 tr days from our recent top on Oct 10th, 2007
April 18th, IMO compares with Spt 15th, 2008 the day of a full moon at 3am, but more important
Lehman BK and stocks fell 550 pts
Jay
Its now 11am and we got exactly what the EKG ordered so far
Where is the buy short level?
Mathematically using fibo, we can look at 2 main levels
1339-1309 = 30 pts
30x 38.2% = 12 + 1309 = 1321, and we got there at the open
30X 50% = 15 + 1309 = 1324
tommrow seems to call for more of the same but possibly a lower open
dn - up -dn & high of day could occur at 2pm
Power Data shows Friday with a higher open, then lower for the rest of the day
cant confirm with the EKG until 8am on Friday.
Jay
4pm
EKG really COOL, capturing the day in advance
My thought is to short any time the SPX gets above 1321, and if it runs to 1328 Friday AM, even better
J
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