Friday, January 28, 2011

The 1/26-27 double CIT is a confirmed High


The 1/26-27 double CIT (see previous posts) is a confirmed High as we rallied into it and we are seeing a sharp reversal lower today. 

This puts the Master Cycle on hold for now.  1288 SPX is Major channel support.

2 comments:

Mouth said...

So Raj when is the next CIT. We passed 1303 today so perhaps the master cycle is now active again?
Thanks

Raj Time and Cycles said...

It is possible, but we now need atleast 3 "hits" for the MC to be active again