Thursday, May 20, 2010

The bearish view and intraday Times for 5/20

As today may be an important day, based on cycles, etc. perhaps this could be useful to some:

Intraday 5 min CITs (Change in Trend): 10.20-25, 11.30*, 11.40-12.45 hourly (iffy, minor), 12.20, 1.25*, 2.20, 2.45* pm EDT.

2 min CITs (same as above, but more exact): 10.20, 10.28, 11.36, 12.12,
1.16*, 2.50* pm EDT

Speculative biases: 10.20-25H, 11.30L, 12.20H, 1.16-25L*, 2.45-50* HOD 

(HOD = High of the day, if market is weak). 

Generally there is an Up bias for today, but watch the 2.45-50 CIT for an early High and a sharp drop into 5/21 in the 1st hour Low at the 313 cycle. (click on chart to enlarge)

* = Important

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