this is the SPX week chart that is of short period correlation, meaning that it is
present cycles correlated for 1.0 period as opposed to a smoother filtering
of cycles that are correlated for 2.0 periods. It is will contain more transients.
All cycles that are good for 2.0 periods of course will be within the 1.0 period
correlation. The 1.0 period will contain a few more transients.
The nature of the weekly is mixed and scattered cycles, when the market is up
it tops some cycles and lowers the projection, when the market is down it
bottoms some cycles and allows a snapback, weekly is countering both extremes.
The longer 2.0 period weekly model is not this bad in one
sense, yet it finds that price well above the mean regression. It pretty sure
it's going down but it can go right a week or two first.
Therefore, the 195 minute ( of shorter periods less than 200 days ) is flatish for
3-4 days with two cycle lows on Monday ( probably meaning Friday low Monday night
gap up ). Then the 195 is up, alot, to Dec 22-23. Daily also contains some up cycles
available in the next week or two.
I do expect to be a little long on Friday.
We'll probably right translate this view of the weekly, because of the 195 minute
projection, and then drop abruptly directly after Christmas.
SPX weekly correct chart
Started by
AChartist
, Dec 06 2011 10:35 PM
No replies to this topic
#1
Posted 06 December 2011 - 10:35 PM
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan