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, 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.
So Raj when is the next CIT. We passed 1303 today so perhaps the master cycle is now active again?
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It is possible, but we now need atleast 3 "hits" for the MC to be active again
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