From last night's email:
"For Monday, the bias is UP atleast in the first hour, down into Midday (11.40 am), as it is an inversion day, we'll have to see how it unfolds afterwards, but the bias is for a rally into 2.35 pm atleast.**
Speculative Path: 10.45-55 High, 11.40L ,2.35 High."
We got an 11 am High, a decline into noontime, 12.30L and we also got the rally to 2.35 pm High of the day and promptly reversed 11 SP's. Not too shabby.
Amazingly we remain in a sideways trend (click on hourly chart to enlarge). The expectation is for another 1-2 day rally and some more choppiness. There is a CIT at 11 am and 1.30 pm tomorrow, which is likely going to be the Highs of the day.
5 comments:
Any thoughts on what to expect for the Bradley date on 03-08? Do you see it being a high or a low? Thanks. Also, are you of the mind that the 9 month cycle is due to bottom in early April? Mike
I apologize Mike,
That has been reserved for clients.
Ian
Mike,
If a low likely to one of the most important lows we've seen in some time.
The April cycle might be a bit higher than the Jan. low.
Watch for a good buy entry late this week or very early next.
The market is basing.
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