The 4 TD cycle suggest a low this Friday and the 12 TD a low next Tuesday. Yesterday saw a 50% retrace or B wave, now Wave C, the devastating wave is expected. The larger 18 mo. cycle low was due in early April and may be rearing its ugly head right now. a drop below 1495/1500 on the SPX would imply a move down to the the 1414/1424 zone very soon. Gold may be a catalyst via margin calls as it has broken long term support from the 2005/2008 bottoms.
Wave A, B Now C to the Downside
Started by
blustar
, Apr 17 2013 08:23 AM
1 reply to this topic
#1
blustar
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blustar
#2
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lasergirl
Posted 17 April 2013 - 10:13 AM
The 4 TD cycle suggest a low this Friday and the 12 TD a low next Tuesday. Yesterday saw a 50% retrace or B wave, now Wave C, the devastating wave is expected. The larger 18 mo. cycle low was due in early April and may be rearing its ugly head right now. a drop below 1495/1500 on the SPX would imply a move down to the the 1414/1424 zone very soon. Gold may be a catalyst via margin calls as it has broken long term support from the 2005/2008 bottoms.
Nice to see you posting, blustar. Agree that below 1490 it's an air pocket to 1420.
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