From 2/1/08 High, we have made 5 waves down and are now in wave 2 up (Click on chart to enlarge).The next hourly CIT arrives 2/8@1st hour. If a High, we should be down into OE week.
Friday's 2/8/08 Bias: High of the Day is expected in the 1st hour (or at 2.05 pm), Noon Low, rally to 2.05H, decline into last hour. (from daily email to subs)*
CITs (Highs or Lows) 2/8/08: 9.35, 11.50, 2.05, 3.10 pm, Hourly CIT 2/8@10.35 am
Speculative Path Friday 2/8/08: 9.35HOD, 1st hour HOD, 12.00L, 2.05H, 3.10L*
*Crystalballs don't exist, so this is an educated Guess and will change as the actual markets unfolds.
3 comments:
Looks like it was a low today, Ian.
Down into options? Cycles said different.
The hourly CIT was a Low, this meant a rally into OE week.
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