This is a stockmarket site for both intraday and swingtraders, trading the SP emini,ETF's like QLD, SSO, etc. Various Timing techniques and Cycles are researched. Precise Timing is everything. Both Intraday and daily Change in Trend (CIT) Times are calculated through several unique timing methods that are often exact or off by mostly +/- 5-10 minutes for intraday times and +/-1 day for the daily CITs. All the different Cycles in the SP 500 markets are discussed.
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Friday, August 20, 2010
The dominant Cycle had the 8/17 double CIT as High of the week
The dominant Cycle had the 8/17 double CIT as High of the week. I should have stuck with the original call for an 8/17 High of the week, which proved correct after all.
OE week often messes and confuses the short term cycles, but we should still see a short term rally into the next geometric and Solar CIT. We have 5 down from 8/9H to 8/16L, which is why I thought the 8/17 double CIT was a 8/16 Low. I was expecting a stronger wave 2 bounce, but we did retrace 50% into 8/17 Highs.
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