A TDSEQ set up buy count 9 printed two days ago and we hit the important 0.447 harmonic this am, so this is a logical area for a reversal. Intermarket wise, that might make sense. If that is not the case, the next logical exhaustion area would be the .5 retrace point.
We are also mid-way between two IT fib time counts, the 233 TD from the 3/7/11 IT low, and the 377 TD from the 8/24/10 IT high. Also, the down thrust printed a buy set up 9 count well above the prior TDST line from the prior Sell set up, although the count will continue until we see a price flip. Finally, the $DXY often responds to TDSEQ set ups.
Worth watching for an IT trend change.
$DXY Chart
Started by
Geomean
, Jan 31 2012 09:36 AM
No replies to this topic
#1
Posted 31 January 2012 - 09:36 AM
Opportunity knocks on your door every day-answer it.