Monday, October 26, 2009

Quick update 10/26 High


As mentioned in the last post, I was expecting an 10/26 High, which is being formed as we speak. The possible e-wave count is shown. From this high expect a sharp decline and then one more High on 10/30/09.

11 comments:

Anonymous said...

but the high should be later today? Or is this it?

TimeandCycles Intraday CITs said...

If it is an ABC flat, we should test the 1095-96 SPX area before it is all over.

TimeandCycles Intraday CITs said...

You can scrap the flat idea.

Highs arrived with a perfect back-kiss of the Trendline.

Time to buckle up

Anonymous said...

one more high on on 10/30? any price target on that high?

thanks

aymon

TimeandCycles Intraday CITs said...

It should be a retest of the recent Highs.

Anonymous said...

If we are going to have any kind of high on Friday, it better get going. Is it possible Friday is a low?

TimeandCycles Intraday CITs said...

10/30 should be a retest of the broken wedge TL, but 1st we see an 10/29 lower Low

TimeandCycles Intraday CITs said...

Rally Time start today and into tomorrow, we'll see

TradeDemon said...

is there a reference to the broken wedge you refer to in the comments - what are the TL price points ? thanks for your commentary its very interesting...

TimeandCycles Intraday CITs said...

The wedge TL is the 3/6/09 Low - 7/8/09 Low linear Trend line, it comes in at 1065-67 SPX today and tomorrow.

Anonymous said...

nice.