Wednesday, October 13, 2010

The Master Cycle update and intraday Times and Cycles

The markets continues to rally as the Master cycle was expecting this rally into Option Expiration week as well (see previous post: http://timeandcycles.blogspot.com/2010/10/master-cycle-remains-ontrack_08.html ) and is reaching the "Tunnel through the Air" target of 1178 SPX that was projected since the beginning of this move in the 1st week of September.

We are right at the next 63 hourly cycle in the 1st hour today, let's see if that holds.

Here are the intraday Change in Trend (CIT) Times for today:

Intraday 5 min CIT (Change in Trend) Times 10/13/10: 9.40, 11.10, 11.55, 12.30, 12.50 pm EDT

Actual: 9.40 Low, next to watch is 11.10

Intraday Cycle: 10.00-30L, 12.45H, 1.40L, 3.00-30H or 10.00-30H, 12.30L, 1.40H, 3.00-30L

Wednesday’s bias is either a Low am to High pm day or a High am to Low pm day. The first hour today usually determines the rest of the day.


3 comments:

SPX and NDX TimeandCycles said...

9.40 CIT was a 9.40 Low.
11.10 CIT was a 11.05 High.

SPX and NDX TimeandCycles said...

The Low am to High pm got confirmed, ie we should see a last hour High.

Also we have a Gap and Go SU (Strong Up) day, which means we have a 90% chance we see a last hour High of the day.

SPX and NDX TimeandCycles said...

9.40 CIT was a 9.40 Low.
11.10 CIT was a 11.05 High.
11.55 CIT was a 11.50 Low.
12.30 CIT was a 12.35 High.