Have I been BEARISH ?? yes
Is it warrnated -- Yes
Am I right to warn AHEAD OF THE TURN-- Yes
Is it better to be forewarned ? YES -
being forewarned is being forearmed -- READY FOR A CHANGE !!
Friday was 220 Days from the Oct4th Turn= that is 55 FIBO x 4
Also 165 from Dec19th low pivot = 3 X 55
A marginal higher high over 1414 occurred on Aug17th
Representing either a failed fifth of P2, Or major wave 2 of P3
Internal tech data issued a solid SELL.
Arms 5 day = 87 -- under 100 = SELL
Trin 5 day = 435--- under 500 = SELL
Trin 10 day =795--- under 1000 = SELL
Arms 20 day = 89.5 --under 100 = SELL
open 10 trin = .80 -- under 90= MAJOR SELL
what most important about this data, is that the longer term indexes (10& 20day) are on a SELL
as well as the shorter ones - 5 day
Heres 2 graphs that point out the terminal effects of this weeks SPX, Dow Jones price peaks
Jay
No comments:
Post a Comment