Peter Eliades on CNBC this afternoon
says the FEB 6th coincides with MAJOR TURNS & Changes
including Oct19th 1987, and other significant dates in the past
Heres another one that I just ran- from this cycle that I noted previously.
Feb 7th = 987 tr days takes us back to March 9,09
That means HIS LONG term and My FIBO are on or about the same date
ONE more
987 tr days x 10 = 9870
9870/ 260 tr days per yr = 37.96 years
2012- 38 years = 1974
says the FEB 6th coincides with MAJOR TURNS & Changes
including Oct19th 1987, and other significant dates in the past
Heres another one that I just ran- from this cycle that I noted previously.
Feb 7th = 987 tr days takes us back to March 9,09
That means HIS LONG term and My FIBO are on or about the same date
ONE more
987 tr days x 10 = 9870
9870/ 260 tr days per yr = 37.96 years
2012- 38 years = 1974
BUT
we still have to see just what Monday FEb 11th brings
IF only a minor dip within the FIBO from 1400 to 1518
then we STILL have one more high on the 15th at possibly 1525
AND
ONE MORE shot at 1566 late March
we still have to see just what Monday FEb 11th brings
IF only a minor dip within the FIBO from 1400 to 1518
then we STILL have one more high on the 15th at possibly 1525
AND
ONE MORE shot at 1566 late March
IF the mkt falls out of bed next week, then any recovery should be considered only
a minor retrace.
From Mar9th to SPX 1370 in 2010 and the current high from that point
(High to High) are just about EQUAL in TIME to TODAY
Stay Tuned for Further Updates
Jay
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