11 replies to this topic

[blustar]

I have poured over the charts and it looks like an analogy to Jan 29 coming in on Monday. That is basically 25 SPX points down for the day. Tuesday is up and we could go all the way to as high as the 1812/13 area, but at least into the low 1800's minimum. In bear rallies, 16 TD cycle lows work at least 4 TD's up (Tuesday top), 8 TD's go 2 TD's up (we had that Friday) and the 4 TD low 1 TD up (Monday into Tuesday). The 4 TD cycle low from last Wed is due early Tuesday, but the dominant low last week happened late Monday creating a melding effect to late Monday this week (3/5). On the 8 TD cycle tops, one was due Friday from 8 TD before on Jan 28 and the other is due Tuesday this week from Jan 30's top. Tues-Thursday next week is down, Friday even. I have found three important bisector lows this month: Feb 13, Feb 19 and Feb 28. Feb 13 should be -a- of ©, -b- of © Friday, and -c- of © Feb 19 near 1651 +/- 5 pts. The Feb 28 bisector low was identified last month and should be the wave 2 low before a huge 3rd wave of C launch into March. It will be a Gann 16 TD low. The Gann 8 TD lows have been running mostly 9's and 7's lately, and the Gann TD tops 8/10. We have gotten overbought and need to pull back and then launch to new recovery highs so as to create a divergence before resuming the IT down trend. The longer 100 TD low looks like it is going to run 118 TD's!!! The next one should be closer to 100 TD's and that is due in July along with the 4 Yr cycle low and 1343 +/- is the SPX target for that cycle based on e-wave and the larger megaphone pattern. There is a 50 TD low due sometime around early May. The next top is due ideally on March 31 and 1950 SPX is not out of the question. blu

[Chilidawgz]

I have a buy from 2/4 confirmed on 2/5. A 20 to 40 point SPX correction would be inline before the uptrend continues.

[merciless]

Big treasury supply early week could pressure the market since POMO is light....

[blustar]

Could tag SPY 176.90/177.00 area +/- Monday, so we could see -26 points of so. I believe Tuesday rallies big!! 181.20/.30 area.

Friday could rally nicely, but it will be a sucker's play.

Charts

[andiron]

Blue's Clues?

[gannman]

we have done 5 waves down off the top in the sp. for a wave 1. this is still a corrective wave which i dont think it over. look at the dow stocks especially the financials. the trend is down in a lot of them. all fwiw just my take

[tradesurfer]

I think there is an outside chance that we are not even able to crack 1800 to the upside this week. That level may be like a brick wall and discourage bulls big time this week.

[blustar]

Could trade as low as 1768 SPX today at the end of the day.

[blustar]

The bisection of the downtrend line and 1768 SPX support/50% retrace is 10:30 EST Tuesday. This should set up a very nice rally!!

[arbman]

Probably a turnaround Tuesday, but it may not be enough to break the market yet...