WE DID NOTE THE SPX would drop under 1400
1424 - 1398 = 26pts, lets call it a wave 1 or -a-
78% retrace = 20.44 pts to 1418.50 'sh- & lets call it wave 2 or -b-
thus wave 3 or -c- follows next as per below.
Note that 3rd waves & -c- waves is where the bigger action resides.
1419 would be 2mrw's most likely TARGET high possibly at close.
Power Data & EKG both showed today and 2mrw very clearly, updates 2mrw.
SPX and NDX under pressure from AAPL today, but the Dow is free of that interference
HERE IS A SYNOPSIS of what we expect from the 7th to the 13th
Expect the FISCAL CLIFF BATTLE TO RISE To much higher levels over that time period
however, it is very possible a DEAL will be struck on the 13th, thus occurring with that large rally
I have already projected from the 13th to the 21st/24th
YEH , sure, YOU WANT TO KNOW HOW HIGH IS HIGH
DOES IT REALLY matter that much when you have the TIMING?? NO IT DOESN'T
KNOW when to buy 'em, when to HOLD 'em and when to SELL 'em
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OK Ok enuf jibber jabber - heres what You really want to read
anyone notice today is starting to fade after the daily 1pm turn.
Im sure you all noticed a daily regimen of turns at 10am, 11am, 1pm, and 3pm
Stay Tuned for Further updates
Jay
1 comment:
NO BIG FADE TODAY
that means it is possible we get to 1433 for wave -b- 2mrw
Later
Jay
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