Review of today's Time and cycles:"Daily CIT: 8/31-9/1 Intraday CIT times to watch for 8/31/09: Hourly CITs: 12.45-1.50 pm EDT 5 min CITs: 9.45, 12.50*** and 2.30 pm EDT. There is a triple hit at 12.50 pm, that is currently biased to be the Low of the day."
Actual Results:
The 9.45 CIT was the 9.55 Low of the day ( "1" on chart)
The 12.50 CIT was a retest Low at 12.40 pm ("2" on chart)
After some chopping around we rallied into the close.
Tomorrow 9/1/09: Important Times to watch: 1.05 and 3.25 pm Eastern.
Please note CITs normally work only 70% of the time, 30% of them don't.
It is best to use them with other tools in your arsenal.
Please note: This blog is best viewed using FireFox, the archives and much more (on the leftside) are not showing in other browsers.
My Site: http://www.timeandcycles.com
Email Questions to: timeandcycles@gmail.com
1 comment:
1.05 pm CIT was a Low
Post a Comment