We are very close to VST bottom time wise. My thinking is SPX 1308/09 will hold. The 64 day cycle top is also due today. Rare that we don't get at least 2 days up out of an 8 day cycle low. The pattern is still bullish once resolved, but this last wave up is it, wave C. My indicators are saying divergence, buy the low at about 10:30 EST where the 4 day cycle low runs 5.
4/8 Day Cycle due early today
Started by
blustar
, Feb 10 2011 09:58 AM
1 reply to this topic
#1
blustar
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blustar
#2
blustar
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blustar
Posted 10 February 2011 - 11:55 AM
SPX forming a bear flag here with downside projection just below 1302. This was my original projection taking out the last C wave of the second A_B_C up wave. Just went short.We are very close to VST bottom time wise. My thinking is SPX 1308/09 will hold. The 64 day cycle top is also due today. Rare that we don't get at least 2 days up out of an 8 day cycle low. The pattern is still bullish once resolved, but this last wave up is it, wave C. My indicators are saying divergence, buy the low at about 10:30 EST where the 4 day cycle low runs 5.
