 and all those talking heads went home with LOCK LIPS from SMILING all day  |
| August 15th @ 9am |
As always, we cannot determine TIME from the EKG, ONLY intraday direction
we look at other data to determine as best we can -TIME of turns
TODAY
258Bars @ 10am
30b @ 12:30
60 @ 3pm
Neg energy at
11:25am
3:34pm
WE can consider the 4th wave since 1356 has completed at 1186
or
IT may EXTEND with an intervening X wave LOWER
that x wave typically does NOT make a lower low than wave 3 @ 1101
BUT if we get a wave i of [V] instead of an X wave, it is possible to make a lower low
WE have some evidence we could get one or the other above on WED this week
FORGOT TO MENTION
4th wave A=C
A was at 1171
= 71 pts
C should equal 1118 + 71 pts = 1189
LOOKS LIKE THEY ARE GETTING THERE THIS AM
SPX hit 1195 a 9:45amMORE LATER
Jay
2 comments:
OK, so they made it to 1200 twice
ONCE at our OWN ED cycle at 11am
ANd
a second attempt at 2:30, a fibo derivative of that cycle
WHEN THE PYSCH READS
CLEAR THE DECKS FOR NEW STARTS
IT MEANS A CHANGE OF DIRECTION
IS ABOUT TO OCCUR
Daneric had 1200 pegged quite well as a FIBO CLUSTERED level to look for
we could get a FIBO decline
between 1100 & 1200
OR
a drop to another new low
by the 17th
OUR ED cycle indicates a potential low on the 17th at 4pm
Jay
NOW WE KNOW THE TOP FOR GOLD is NEAR at hand
THEY'Ve put an AD on my blog for the PUBLIC TO BUY GOLD
WOW, now all we need is a headline in the NYT or WSJ
Jay
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