1 reply to this topic

[LarryT]

http://www.marketcha...ad.com/wav.html

Note 1552 is the super cycle wave .78 ratio extension top level and we have been there twice now and got hammered back down twice. If the 1520-1515 area does not hold into next week the market could be topped so be alert next week

Also almost forgot, Novembers up cycle projected high is at 1606, note the 1.0 extension is at 1605. The down cycle projected high for November is 1563 so if we fail to get above 1563 on any run toward it this month we are double topped at the 1552 .78 extension, not good.

LT

Edited by LarryT, 01 November 2007 - 12:49 PM.

[skyymaster]

http://www.marketcha...ad.com/wav.html

Note 1552 is the super cycle wave .78 ratio extension top level and we have been there twice now and got hammered back down twice. If the 1520-1515 area does not hold into next week the market could be topped so be alert next week

Also almost forgot, Novembers up cycle projected high is at 1606, note the 1.0 extension is at 1605. The down cycle projected high for November is 1563 so if we fail to get above 1563 on any run toward it this month we are double topped at the 1552 .78 extension, not good.

LT

Thanks L.