Key Turn Dates
#1
Posted 27 August 2007 - 09:08 AM
#2
Posted 27 August 2007 - 09:11 AM
#3
Posted 27 August 2007 - 09:37 AM
#4
Posted 27 August 2007 - 09:44 AM
There're no 10-20% swings, no 1500's, no 1200's.... Nothing at all.
Please let me know what "XYZ" count do you see on your chart? What crash are you talking about?
Forget about high volatility. Be conservative. I see nothing bearish yet. Just healthy consolidation.
#5
Posted 27 August 2007 - 09:53 AM
#6
Posted 27 August 2007 - 10:07 AM
#7
Posted 27 August 2007 - 10:40 AM
#8
Posted 27 August 2007 - 11:37 AM
... A move to the 1520's by Thursday would be very bearish setting up for a move to 1260 by Sept 10.
bearish? if we move to 1520 by Thus, then forget about bears till Sept expiration.
print it out and post it in front of your computer.
#9
Posted 27 August 2007 - 02:08 PM
Tuesday August 28th is a Gann 8/16 day low. I expect QQQQ 46.80 and SPX 1437/38 to be tested before we see a huge rally into the 16 day top due Thursday August 30th with the 49.72/73 QQQQ and SPX 1520's to be tested. The pattern is then bearish into the next low due Sept 10, with new lows expected. If we barely take out the lows of Aug 16th, I would expect new highs by mid October.
A crash into Sept 10th would expect a retest in October. I expect the former.
Just how reliable are these Gann turn dates with respect to direction and timing? For instance on the Bradley turn dates there is a provision of +/- 4 days, I would expect the Gann dates to be spot on but how frequently are they correct regarding market direction?
#10
Posted 27 August 2007 - 04:36 PM