The 8 day cycle top was due Feb 18 and is next due on Mar 3. The 16 day cycle low is due at the end of the day today and the 8 day cycle low is due early Wednesday. The 4 day cycle low is due today +/- one day. I think we see a test of the 1309/10 SPX area on this sell-off, which would be a buy, albeit the last impulse higher before we see some sort of correction into April around the 6-7th.
The upper end should see SPX 1356-59 before we top.
Gann Cycles Revisited
Started by
blustar
, Feb 22 2011 10:08 AM
2 replies to this topic
#1
blustar
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blustar
#2
vitaminm
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Posted 22 February 2011 - 10:42 AM
20 dma cycle....1315
weekly 50dma>200dma???
vitaminm
#3
SilentOne
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Posted 22 February 2011 - 12:50 PM
The 8 day cycle top was due Feb 18 and is next due on Mar 3. The 16 day cycle low is due at the end of the day today and the 8 day cycle low is due early Wednesday. The 4 day cycle low is due today +/- one day. I think we see a test of the 1309/10 SPX area on this sell-off, which would be a buy, albeit the last impulse higher before we see some sort of correction into April around the 6-7th.
The upper end should see SPX 1356-59 before we top.
Nice call last week. I guess some posters here will have to back down after today's dump. One thing for sure is that we will see lots of volatility going forward. I have a 40 week low due in the next few weeks. The gap at 1288 looks to be filled. Then there's one at 1260. One week at a time.
On my Gann charts I have March 9th as an important point. This is based on a Gann box constructed off the March 2009 lows.
GLGT.
cheers,
john
Edited by SilentOne, 22 February 2011 - 12:50 PM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
