The pattern top today is irregular suggesting any pull back should be bought. Thursday is the 8 day cycle low and support is near SPX 1081 early Thursday. The 16 day cycle top is still due in this general time frame Thursday Nov12 +/-. My best guess is they take it from SPX 1081 early Thursday to around 1109 early Nov 16th on the new moon and that will be the top. Astro turns negative Nov 15th according to Merriman.
The 20 week cycle low is due Nov 25. The nine month low is due in early December around the 9th. Perhaps we see a double bottom.
Top Today, but Pattern Still Bullish
Started by
blustar
, Nov 11 2009 08:11 AM
5 replies to this topic
#1
blustar
-
- Traders-Talk User
- 6,574 posts
blustar
#2
cycletimer
-
- Traders-Talk User
- 2,700 posts
Member
Posted 11 November 2009 - 10:02 AM
Blustar,
What is your downside target for this low in late November?
#3
Data
-
- Validating
- 2,618 posts
Member
Posted 11 November 2009 - 10:10 AM
I don't think the 20- or 22-week cycle has worked since 2002-2003.
#4
blustar
-
- Traders-Talk User
- 6,574 posts
blustar
Posted 11 November 2009 - 10:10 AM
SPX 868/869Blustar,
What is your downside target for this low in late November?
#5
porsche911sg
-
- Traders-Talk User
- 2,907 posts
Member
Posted 11 November 2009 - 10:38 AM
Hi bluestar is there a typo error 986?SPX 868/869Blustar,
What is your downside target for this low in late November?
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#6
blustar
-
- Traders-Talk User
- 6,574 posts
blustar
Posted 11 November 2009 - 02:07 PM
No typo my friend: 868/869 the July low. Looks now we could top early tomorrow morning in the 1108 area right on the 16 day cycle top and coincidentally the T Theory top for this move. Euro/$ looks to be making a double top around 1.5063/64. Getting ready to short big time!!!!!Hi bluestar is there a typo error 986?SPX 868/869Blustar,
What is your downside target for this low in late November?
