Tuesday, May 13, 2008

Trading Range since Time Cluster


From the last post: "I also have a separate timing cluster on 5/1-2, which makes 5/1-2 the next Time and Cycle Cluster."

Amazingly we have stayed in the 5/1-2 Change in Trend (CIT) Time Cluster range ever since. 5/1 CIT Low ("1" on chart, click on chart to enlarge) and 5/2 CIT High ("2" on chart) has marked the High and Low up until today, 5/13, which I have as another short term daily CIT High("3" on chart). 5/13 is also another short term High in the series of cycles. We remain in a narrowing wedge, eventually we should breakdown. The series of Cycles tells me when that should happen. The last month has been basically boring sideways to up. That should all change next month as various cycles are suggesting a large move should unfold

For further information, you can email me: timeandcycles@gmail.com

No comments: